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The bottom-line question is, since this/these bill/bills enrich the already rich, increases taxes on the middle-class and poor and increases the deficit -- all while having dubious economic benefits, what rational reason is there to pass it?
The answer is that Republican donors demand it or they are threatening to cut off campaign contributions.
Thus, what benefits the general public is of no concern as long as the donors get what they want.
this is yet another example of the need to reverse citizens united, get big money out of politics and we need to gut the lobbying industry.
Politicians should be beholden to voters and the nation not some donors.
[quote=ColoradoOnMyMind;50256810]The $2k child tax credit will offset some of the deductions. Plus two kids is plenty these days, let's not encourage people to reproduce for tax purposes and getting welfare for kids they can't afford.[/QUOTE
Hope no one you care about ever has triplets. Or adopts additional kids beyond the permitted two homegrown or adopted ones.
95% of middleclass taxpayers will be paying less taxes
while its not a big decrease in taxes, it does help a super majority of the workingclass/middleclass
That’s been proven false especially when taking account of the states the middle class live. People today still argue about what is actually middle class. 100k for a family isn’t middle class in many of the cities in this country
and the liberal trickle up poverty doesn't work either
If the wealthy and corporations are already sitting on billions of excess dollars, what is a trickle up “poverty”. Obviously not working in making rich people poor
"Economic growth will accelerate if the Tax Cuts and Jobs Act passes, leading to more jobs, higher wages, and a better standard of living for the American people."
"We firmly believe that a competitive corporate rate is the key to an economic engine driven by greater investment, capital stock, business formation, and productivity – all of which will yield more jobs and higher wages."
"The enactment of a comprehensive overhaul – complete with a lower corporate tax rate – will ignite our economy with levels of growth not seen in generations."
Well...problem with this bill is simply this. It is made to fill the coffers of big business even more than they already are. Now, if companies were to trickle down to the lower guys that would be great. But you know darn well that money will go to top executives and back into the shareholders pockets. Trickle down DOES NOT WORK.... never did..never will. So the stock market will keep going up, the rich will get richer and everyone else will be left holding nada.
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