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Breaking from all the partisan insults and Red vs Blue state nonsense, could be most Americans would do better to change their focus on what really matters...
No matter who you are, took us awhile to recover from the Great Recession, but finally we went from an economy in free fall to one of growth and better employment prospects -- for all Americans. Still, we had lots of angst and disagreement over how we should all have access to a better health care system (or not), and the Republicans struggled for leadership that could overcome the want to "throw the bums out." Along comes Trump.
Of course now Trump has the economic winds to his back and a rebounding stock market as well. All opposite what Obama had to face, and no matter who you are, we all know we'd rather have the winds to our back rather than in our face when trying to get somewhere. Also of course, people who don't really know what's going on around them will credit our economic good or bad fortunes to the POTUS. Not much anyone can do about that sort of ignorance either, but what is important is what we do during our good times and bad.
Yes, of course, the deficit was driven up as a result of trying to revive the economy after GW left America/Obama no choice. Also of course, tax revenues grow during times of economic growth, so there is that argument Trump/GOP are trying to make now, but to cut taxes, especially for the highest income companies and individuals, without compensating for the lost tax revenues is obviously going to add to our deficit, significantly, AKA passing that problem onto our children if not ourselves. Not a good idea.
So we go ahead and pass this bill that sounds good on its face, I mean who doesn't want to pay less taxes, but regardless the implications? Who really knows what those implications are? Might feel good at first, but those implications will take years to reveal just what harm Americans will experience over time, just as the economists are warning. Trump will no doubt take credit for this "win" too. He knows Americans, too many Americans, are into immediate gratification. When it all "hits the fan," it will be time yet again for America to do what it had to do when all "hit the fan" as GW turned things over to Obama.
This what all us Americans want to keep doing over and over, time and time again?
The rich make out time and time again regardless, but all the rest of us Americans not in the top 5 percent rank of income and wealth? Are we not getting a little tired of bickering amongst ourselves while those who have the most keep taking more at the expense of the rest? I know we are growing tired, but not because we want all this to keep happening. We don't want this to keep happening. We don't want the gap between rich and poor to continue to widen.
Yet it keeps happening, because we don't understand what's happening...
Study: Congress literally doesn’t care what you think
One thing that does have an influence? Money. While the opinions of the bottom 90% of income earners in America have a “statistically non-significant impact,” economic elites, business interests, and people who can afford lobbyists still carry major influence.
From taxation to national debt, education to the economy, America is struggling to address our most serious issues. Moneyed interests get what they want, and the rest of us pay the price.
They spend billions influencing America’s government. We give them trillions in return.
All corporate taxes get passed through to consumers like any other business expense. This will potentially lower the cost of travel for the average American. Progressives seem to not now anything about economics, business, nor finance, but a lot about gender, and minority studies, and making Lattes.
Business charge what the market can afford.
If people are willing to pay x dollars for a widget or trip to somewhere, then this will not change that.
The savings instead will go to upper management, bonus increases and wall street.
So if the senators representing over half of the country are angry, the minority is healing? IMO the country will heal when it breaks apart through Balkanization. If blue states are going to pay taxes, they may as well have a say in where the taxes go. I'm guessing farm subsidies and Disability in coal country remains? Let red states pay for that.
The wealthy would be in big trouble if all tax payers had a say where their tax dollars went.
Say goodbye to our global military protecting global corporate trade for one.
Explain to someone in Somalia how you aren’t rich.
There are an increasing number of homeless across the nation thanks to Corporate Globalism that would beg to differ.
In Somalia, they can build a home out of rocks and clay, in America, you put up a tent and the police come and bull doze it down and tell you to move on.
Your party just spend 10 trillion dollars in deficit spending the last 8 years, the budget schumer put forward adds MORE to the deficit than the republican plan while raising taxes. You want endless deficits? Run an economy growing at 1.5% like we have been for the past 8 years. If this plan improves growth by .4% it pays for itself(it will).
It's a party-line bill so entirely in the hands of the Republicans. They nixed the triggers, so pretty obvious they don't care about the deficit numbers. Politically it makes some sense. They create a huge deficit now and in the likely event they lose the playground (historically that happens in midterms), then they'll work with the Democrats on cutting spending to bring the deficit down. If they don't lose the playground, then they can control the deficit themselves later on in another party-line vote. Democrats have a history of being more willing to work on balancing a budget than reducing taxes. They're tax and spend, stereotype sure, but like all stereotypes has some truth to it.
Huge win for Republicans. This makes us far more competitive globally and I think will improve revenues. We were on the wrong side of the laffer curve on the business side. 35% c-corp is way too high. small and mid caps with no lobbying power were getting screwed none of the large corps were paying anywhere near 35% bc of loopholes.
The effective corporate tax rate was in the low 20’s already. Which companies couldn’t compete, Apple, Microsoft, Exxon.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by J746NEW
There are an increasing number of homeless across the nation thanks to Corporate Globalism that would beg to differ.
In Somalia, they can build a home out of rocks and clay, in America, you put up a tent and the police come and bull doze it down and tell you to move on.
Exactly, you are required by law to live in a brick and mortar residence in this country (by local laws, not federal). Being homeless or living in an RV, tent, or shanty have all been made illegal
IF they were so angry about it, then why the HELL did it get passed???? While not a far of either party but why pass it if the left was so opposed to it?? All this does is show everyone that there is NO difference between the two parties!
Bingo
Our government works for the wealthy and in making them wealthier via policies detrimental to everyone else. We saw it recently with Net Neutrality as well where the government favors the Big ISPs with the most money and the small business and consumers against it lose.
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While not a far of either party but why pass it if the left was so opposed to it?? All this does is show everyone that there is NO difference between the two parties!
