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[b] It's worth noting that Steven Mnuchin was talking hypothetically and used terms like "mulling over", "studying", "consider", "studied internally" - the New York Times presents this as "Trump" and "Fact".
Steve Mnuchin : Mr. Mnuchin emphasized that he had not concluded whether he had the authority to make such a move but that it was being studied internally, along with the economic costs and impact on growth.
Chuck Schumer: “Furthermore, Mr. Mnuchin thinks he can do it on his own, but everyone knows this must be done by legislation.”[/i]
The 'mulling over', etc., was in relation to if he COULD do it without congress, not if they WOULD do it.
He's 'studying' how he can get it done without congress.
As you've been told a million times. No one is GIVING anyone money. Investors would get to KEEP more of THEIR money.
In other words, the government would get to STEAL less money from investors.
Forget it. It’s a cooked up scheme regardless of how you try to sell it.
The huge corporate tax cut hasn’t even stimulated more investment yet, and that’s how it was sold to the American people. Nor has it boosted wages at all despite some token bonuses that were given out just for show.
This new scheme is being sold on the same nonsensical drivel...it’ll spur growth and reinvestment. Total bunk. Two thirds of the benefits would go to the 0.1%, and that group doesn’t need another dime. What is Trump gonna do for the working class?
If he wants to do this stupid move to make his country club buddies more money, why not push some legislation that says employers must raise wages commensurate with inflation? You know...since you right wingers are so sensitive to inflation nowadays.
Forget it. It’s a cooked up scheme regardless of how you try to sell it.
The huge corporate tax cut hasn’t even stimulated more investment yet, and that’s how it was sold to the American people. Nor has it boosted wages at all despite some token bonuses that were given out just for show.
This new scheme is being sold on the same nonsensical drivel...it’ll spur growth and reinvestment. Total bunk. Two thirds of the benefits would go to the 0.1%, and that group doesn’t need another dime. What is Trump gonna do for the working class?
If he wants to do this stupid move to make his country club buddies more money, why not push some legislation that says employers must raise wages commensurate with inflation? You know...since you right wingers are so sensitive to inflation nowadays.
Just as soon as he passes legislation that the stock and RE markets must keep pace with inflation.
We're discussing taxes on inflation, not guaranteed profit.
All I can say is that Trump must know his days are numbered. Why else would he slap the middle class in the face with his unilateral proposal to gift the wealthy with this tax cut?
How about it Righties? Deficits don't matter as long as the 1% get theirs, Right?
I don't blame you for not admitting you were played for fools by Trump. His going behind your back to benefit his rich friends while you were bleating about a stupid wall must be very galling.
MAGA baby! MAGA!
Democrats hate tax cuts and they always use the same deceptive tactics when talking about them. "This tax cut primarily benefits the wealthiest Americans."
It's a clever game of numbers. If person A makes $50,000 per year and he pays $5000 in taxes, then a 20% tax cut nets him $1000 in savings. If person B makes $800,000,000 per year and he pays $240,000,000 in taxes then that same 20% tax cut then it nets him $48,000,000 in tax savings.
But let's say that we give our rich guy a much smaller 5% tax cut -- since he richer and doesn't needs as big of a break. That 5% tax cut saves him $12,000,000.
Okay, so let's make it even smaller. Let's only give the rich guy a 1% tax break. That 1% tax break will save him $2,400,000. And hey, let's give Mr $50K his entire $5,000 back. It's still not equal because your starting with massively unequal numbers.
In every single case, the guy making $800 million will get back more money than the more average $50K guy will make in his entire career. You simply can't win. The Dems will always point to the final numbers and say, "Ah ha!!! This is MASSIVELY better for the rich than the poor!!! Treason!!!"
Personally, I think the entire notion that we owe the government a rather massive portion of our income is idiotic. I'm all for the abolition of income tax. It's one of the worst scams our government has foisted upon the American people in our nation's history. It's allowed our government -- which was always intended to be very small -- to grow into a massive oppressive behemoth. What the upside?
. Stupid people who don't invest will be left (pun intended) in the dust once again, and I'm fine with that. Maybe they can go begging for "depreciation relief" on their flat screens, phones, and cars.
So people who don't have as much as you to "invest" should "go begging" because you got yours so be dammed with the rest?
There are people in this world who for various reasons are having rough times.
We have hard working people in this country who are eligible for medicaid and or food stamps because wages have remained stagnant.
Until you walk in someone else's shoes you shouldn't judge those who don't have as much as you.
Just as soon as he passes legislation that the stock and RE markets must keep pace with inflation.
We're discussing taxes on inflation, not guaranteed profit.
You guys always have a nice excuse for why the millionaires need to be lavished upon. Now they’ve gotta be saved from inflation.
What’s the next scheme you right wingers are cooking up to give them more dough?
Oh I know; you’ll soon be suggesting that we all cut our wages by half so that our bosses can pocket more money.
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