Implications of BBBA legislation for retirees (if it passes in some form) (move, depression)
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What about adding dental and items like glasses and hearing aids into Medicare coverage ( without moving to some Advantage plan)?
BBBA contains something about adding certain type of hearing aids to Medicare coverage. No dental or vision that I know of. Some type of trimmed down BBBA is expected to pass before the end of this month/year. So, we should know pretty soon what exactly will change. I can hardly stand the suspense :-).
BBBA contains something about adding certain type of hearing aids to Medicare coverage. No dental or vision that I know of. Some type of trimmed down BBBA is expected to pass before the end of this month/year. So, we should know pretty soon what exactly will change. I can hardly stand the suspense :-).
I agree I am not holding my breath. Too much division in our politicians for anything meaningful to get passed. It will all be window dressing if anything passes.
What "huge windfall" for upper income? For us, it was really no benefit because the limit on SALT deductions offset the lower tax rate.
The data from the CBO is that almost everyone benefited from the TCJA some but that it increased the share of taxes paid by upper income and had little benefit to the rich and that it benefited the bottom quintile the most by essentially eliminating any tax - from CBO data
It appears you live in a state with high local tax rates. California's audacity to have twice as many registered Democrats as the opposition did not go unnoticed.
The bottom quintile in the US makes an income of less than $15,000 per year. How much would you like those folks to pay ?? That's $1300 per month....shall we take 10% of that, just for jollies ??
For every think-tank paper that proclaims the upper income gained very little benefit, you can easily find a study that refutes the notion. I found a few with a simple google.
Remembering your 5th grade math, you will agree that paying 22% of $400K still leaves one with well over 300,000 greenbacks. And that 10% of an $80K salary could be a difference maker to a family.
I would like someone (anyone) to explain how will our country pay for all this borrowed money? Answer - we can't.
If you were worried about running a national deficit, you should have voiced your concerns right after the Revolutionary War when our young nation owed the French $70 million dollars (and that was back when $70 mill was a lot of money!). We paid them back their Francs, thanks to Andrew Jackson......but that caused the whole Panic of 1837 thing.
The debt periodically runs up bigly, usually to finance a war somewhere. It comes back down, and then another skirmish breaks out somewhere.....and up we go again.
If you were worried about running a national deficit, you should have voiced your concerns right after the Revolutionary War when our young nation owed the French $70 million dollars (and that was back when $70 mill was a lot of money!). We paid them back their Francs, thanks to Andrew Jackson......but that caused the whole Panic of 1837 thing.
The debt periodically runs up bigly, usually to finance a war somewhere. It comes back down, and then another skirmish breaks out somewhere.....and up we go again.
The national debt will have to be dealt with and it will not be pretty!
You're talking history something has to be done now!
Yeah. Reinstate the huge taxes for the rich that Trump* got cut. He threw a bone to the middle class that expires in 5 years (2-3 more to go?) but the huge tax cuts for wealthy were passed as permanent.
This will cause huge increases in the deficit unless changed.
* Debt was 27 trillion at end of Trump's presidency
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