Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
looks like (Greg Sargent) a Washington Post writer that is there to peddle anything anti-Trump.
You mean like facts.
Every independent analysis of the Cut, Cut, Cut plan, as Trump calls it, has concluded that taxes will fall sharply on the rich; taxes will rise on much of the middle class and the gain to the economy is between negative and scant.
both tax plans help 95% of lower and middleclass tax payers
it helps small business, and corporations, so they can expand and give raises
its a good plan and helps 95% of taxpayers....why would anyone complain about it
You know this how? Because actual analysis by smart people who do this for a living disagree sharply.
The Tax Policy Center says that it will boost the economy by less than 1/2 a percent, at a cost of raising the level of debt by about $1.5 trillion in 2027 and by about $3.8 trillion in 2037 (and that's over and above the debt will increase under current policy.)
You know this how? Because actual analysis by smart people who do this for a living disagree sharply.
The Tax Policy Center says that it will boost the economy by less than 1/2 a percent, at a cost of raising the level of debt by about $1.5 trillion in 2027 and by about $3.8 trillion in 2037 (and that's over and above the debt will increase under current policy.)
I don't remember seeing you complain when Obama increased the debt by 10 trillion in 8 years
in fact many liberals on here(cd) said debt doesn't matter since we are a fiat currency that we own our selves.....hmmmm
it helps small business, and corporations, so they can expand and give raises
Corporations will NOT do either of these things, they never have in the past and they won't now. They said so again just last week directly to Gary Cohn. They are going to pay off debt and do stock buybacks.
If past tax cuts have allowed "expansion and raises," we wouldn't have had wage stagnation over the past 30 years and loss of to many of our high-paying jobs to cheaper foreign labor. We are in the midst of global labor arbitrage and this will continue until we are on par with the rest of the world. This tax bill only encourages more of the same.
But, please provide statistics refuting this. Not your usual one-line declaration with no facts supporting your statement.
Corporations will NOT do either of these things, they never have in the past and they won't now. They said so again just last week directly to Gary Cohn. They are going to pay off debt and do stock buybacks.
If past tax cuts have allowed "expansion and raises," we wouldn't have had wage stagnation over the past 30 years and loss of to many of our high-paying jobs to cheaper foreign labor. We are in the midst of global labor arbitrage and this will continue until we are on par with the rest of the world. This tax bill only encourages more of the same.
But, please provide statistics refuting this. Not your usual one-line declaration with no facts supporting your statement.
what past cuts have been towards the corporate tax...none...so your post is like a bad tripe soup
Obama raised taxes on small business
this plan
Quote:
If your business is set-up as a S-Corp or C-Corp your tax rate will be reduced from 35 percent to 20 percent
Previously sole proprietorships and partnerships carried-over its income and expenses onto the business owner's personal income tax return. The proposal calls for a 25 percent rate for pass-through businesses, rather than paying the individual tax rate which would exceed 40 percent at times.*Instead small businesses will be taxed at no more than 25 percent, allowing small business owners to keep more of its money.
Personal filers benefit too and will pay either 12 percent, 25 percent, or 35 percent instead of falling into the previous seven tax brackets. The new plan would change so single filers earning between $45,001 to $200,000 (previously $37,951 and $91,900) will be in the 25 percent tax bracket. American workers earning between $91,901 and $200,000 would also be pushed into the 25 percent tax bracket, instead of the current 28 percent or 33 percent bracket.
taxes will be reduced no matter how your business is set-up which is a win for every business owner
taxes will be reduced no matter how your business is set-up which is a win for every business owner
I don't remember seeing you complain when Obama increased the debt by 10 trillion in 8 years
in fact many liberals on here(cd) said debt doesn't matter since we are a fiat currency that we own our selves.....hmmmm
Obama didn't increase the debt by $10 trillion -- the great recession did that by lowering federal tax revenue by trillions. What should Obama have done, raise taxes or cut unemployment insurance just as Americans needed those benefits due to 10% unmployment?
Besides, there is a difference between deficit spending during a recession, which economists say is what is supposed to be done and borrowing money at a time of near full-employment to give it to billionaires as tax cuts.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
