Seems we are at a moment of definition for Republicans,

archives said:
"Three new analysis of the Senate's Tax Cuts and Jobs Act all delivered bad news for Republican leaders."

"The Tax Policy Center found that more than 50% of Americans would see a tax increase in 2027 under the bill."

"Only one out of 42 economists surveyed by the University of Chicago's Booth School of Business said the bill would increase economic growth substantially."

"The Penn-Wharton Budget Model found that the bill would blow a hole in the federal deficit."

http://www.businessinsider.com/trump-gop-tax-reform-bill-analysis-reviews-text-2017-11

Are the Republican so desperate for any measure they can claim was an accomplishment that they will actually pass what is not only a mistake but also directly contradicts the economic principles they have been proclaiming for decade?
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Hilarious

but thanks for the laughs
 
countryboy said:
Good, they should be. Even Obama and other democrats were pushing this just a few years ago. Why are they against it now?
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I'm not sure what you mean by 'pushing'? I remember Obama mentioning that corp. taxes could/should be reviewed, but did he have a specific plan?
 
archives said:
"Three new analysis of the Senate's Tax Cuts and Jobs Act all delivered bad news for Republican leaders."

"The Tax Policy Center found that more than 50% of Americans would see a tax increase in 2027 under the bill."

"Only one out of 42 economists surveyed by the University of Chicago's Booth School of Business said the bill would increase economic growth substantially."

"The Penn-Wharton Budget Model found that the bill would blow a hole in the federal deficit."

http://www.businessinsider.com/trump-gop-tax-reform-bill-analysis-reviews-text-2017-11

Are the Republican so desperate for any measure they can claim was an accomplishment that they will actually pass what is not only a mistake but also directly contradicts the economic principles they have been proclaiming for decade?
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yes they will back it

in reality they are the party of the wealthy

it why they are willing to cheat every legal American voter out of their rights that they can.

Its why every issue is treated with a bath of lies by them.


the republican party is run by sociopaths who crave larger and larger piles of green paper.


they love money and hate their fellow man
 
dear idiot republican voters


the good ole days you crave to return to

the 1950s

were produced by a corporate tax rate of 90%
 
Althea said:
The tax law will expire, but the corp. rates are permanent
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Exactly, and that is what the tax reform supporters don't seem to get. Those who can't itemize are excited about the prospect of the personal exemption going up.... and seem unable to have any empathy for those who will pay more because of other aspects of the bill.

In our own case, if passed, the bill would benefit us personally since we don't need to itemize anymore. But it would harm my kids. Yours too, if you have adult children with mortgages, student loan debt.
 
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the 1950s were produced by a corporate tax rate of 90%
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8d9255a41069411097379117d3e9db9b2ef1328.JPG


The axis labels may be a bit hard to read.
X axis: Tax Rate (%)
Y axis: Tax Revenue ($)
 
ThatOwlWoman said:
Exactly, and that is what the tax reform supporters don't seem to get. Those who can't itemize are excited about the prospect of the personal exemption going up.... and seem enable to have any empathy for those who will pay more because of other aspects of the bill.

In our own case, if passed, the bill would benefit us personally since we don't need to itemize anymore. But it would harm my kids. Yours too, if you have adult children with mortgages, student loan debt.
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the idea is to reduce itemization. Although I think something has to be done about SALT -the rates will be locked in
by future Congrers.
Again the problem is reconcilliation is being used -too bad the Dems won't deal ( my way or the highway) but there it is.
Mortgages get 200K deduction -maybe move that up.

It's still in process. we cannot have this 35% tax and expect business to expand
 
ThatOwlWoman said:
Exactly, and that is what the tax reform supporters don't seem to get. Those who can't itemize are excited about the prospect of the personal exemption going up.... and seem unable to have any empathy for those who will pay more because of other aspects of the bill.

In our own case, if passed, the bill would benefit us personally since we don't need to itemize anymore. But it would harm my kids. Yours too, if you have adult children with mortgages, student loan debt.
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Correct, which is why selling this as a 'middle class tax cut' is absolute nonsense.
 
Althea said:
Correct, which is why selling this as a 'middle class tax cut' is absolute nonsense.
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not sure why.....I meet the definition of middle class and my taxes will go down considerably........how can they not go down when both the itemized deduction and the personal tax credits are doubled.......and that's even before considering the impact of what tax rate I end up in.........
 
Althea said:
I don't think many in Congress do either. That's the problem with this process. All people rely on is Republican talking points. There are no specifics, so blaming people for taking a position based on media reports isn't fair to those who condemn the bill.

For instance, I want to know what corporate deductions will be taken away, if they lower the rate to 20%? I also want to know why they don'r reduce corporate rates, commensurate with hiring in this country? There is nothing in a corp. tax cut that guarantees jobs. There is nothing in a corp. tax cut that will stimulate the economy.

For my money....doing this in steps makes the most sense. Slash rates for working families, and watch the economy grow. Worry about the wealthy/Corps. later.
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You don't think democrats have talking points about the proposals?
 
Althea said:
I don't think many in Congress do either. That's the problem with this process. All people rely on is Republican talking points. There are no specifics, so blaming people for taking a position based on media reports isn't fair to those who condemn the bill.

For instance, I want to know what corporate deductions will be taken away, if they lower the rate to 20%? I also want to know why they don'r reduce corporate rates, commensurate with hiring in this country? There is nothing in a corp. tax cut that guarantees jobs. There is nothing in a corp. tax cut that will stimulate the economy.

For my money....doing this in steps makes the most sense. Slash rates for working families, and watch the economy grow. Worry about the wealthy/Corps. later.
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What taxes do you cut that would slash rates for working families?
 
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