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"My tuition waiver allows me to pursue my passion for inclusivity in gaming as a first generation grad of student"
I wonder if President Trump is going to shelve those "big, fat, beautiful" tax cuts he is promising just because some indoctrinated liberal university students who have been in college for way to long and have listened to way to many leftist lecturers are holding up signs.
Hilarious how those California liberals really think that President Trump and GOP are going to those "big, fat, beautiful" tax cuts that they advertising over a college walkout with signs and speakers.
I've used a calculator and my family along with many millions more middle class families will receive a tax decrease of 1-3 thousand a year. What may or may not happen in 8 years is irrelevant to today's discussion although I oppose expirations.
It is relevant if that is in the bill. The corporate cuts are permeant, individual changes temporary.
The bulk of the American economy and business taxes hinge on individual, as the majority of businesses in this country pay taxes based on the individual.
Quote:
Originally Posted by ColoradoOnMyMind
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.
If they're getting welfare, they don't pay taxes and don't need the tax credit.
Quote:
Originally Posted by cheyenne2134
CBO non partisan group or paid off republican economist?
They are just trying to line their pockets with tax cuts and more bonuses
Paid off shills.
I did a brief look at the list and didn't notice any one noteworthy.
I did notice one of them came from Koch Industries.
This is a massive redistribution of wealth. I calculated my taxes under the new bill with my normal annual gross income of $85K in years 2014 and 2015. I would save about $600 under the new tax code. However last year I had some unexpected expenses and took out $35K from my IRA,raising my gross income to $120K. Comparing my 2016 tax with the new plan I would save $5K in taxes. So this does little for people under $100K in annual salary, but pays off big time with 25% less tax on the earnings over $100K.
My question is if the government needs revenue to operate, and we currently operate on a defecit, how will the overall reduction in tax revenue be made up? You can't make up a defecit by reducing income. All those persons and corporations that make over $100,000K to a billion or more will pay substantially less. How does this help the middle class?
Defense spending won't go down, so will federal funding for programs that actually help the middle class will be reduced? As the defecit increases will the value of the dollar shrink in international markets, making all those Chinese and Asian imported goods cost more? The theory of trickle down economics has worked out as well as the war against drugs. They are both phantasies that only exist in rhetoric. I have no personal skin in the game. My $600 federal tax decrease will not go very far.
And when they say economic growth will climb, who are they talking about? The stock market goes up and they say economic growth has increased. But I don't own any stocks, so it doesn't do anything for me. Like the tax plan, that growth is for the well to do. It doesn't raise wages or cut prices. It just funnels more wealth to those that are already well off.
why don't you point out where the bush tax cuts actually ended(sun-setted)
almost every cut in history has had a sunset that the bill was made permanent instead of a sunset at a later date
The Bush tax-cuts had all levels of the cuts expire. They also made certain predictions/assumptions about economic growth so they could pass them under reconciliation. Those assumptions never panned out and the debt increased more than predicted.
The Trump tax-cuts slash taxes on the rich and corporations. To pass the bill without Democrats (e.g. reconciliation) the ten year increase in deficits couldn't be more than $1.5 trillion. To reach that $1.5 trillion, it was necessary to raise taxes on the middle class to bring in more revenue -- or else the debt would exceed the limit.
Most grad students with tuition waivers are in fields such as biology, chemistry, physics, mathematics, computer science, economics, elementary/secondary education, and the like.
I find it weird and stupid that Republicans want to make it more difficult for these students to succeed.
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