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Trump Tax Cuts Gain Momentum as Senator Rand Paul Goes 'All In'
Reuters/AOL ^ | Oct 20th 2017 11:48AM

Posted on 10/20/2017 2:33:48 PM PDT by drewh

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To: SecAmndmt
I would far rather see the personal income tax zeroed, partially replaced by tariffs, with corporate income tax reduced to be sufficient to pay for the military budget. Maybe a special levy to pay for the border wall, and military deployment to the border.

Reasonable. But the current plan very clearly stakes out "winners" and "losers." It stinks of Paul Ryan. The language even sounds like his 2013 Budget Agreement with Sen Murray (D-WA). Even the "over ten years" garbage is Ryan's writing. In that agreement, he screwed over military veterans by slashing pensions - even for 100% disabled veterans due to their combat injuries.

Ryan has a history of reckless actions that lead to political suicide.

This tax bill is one of them.

41 posted on 10/21/2017 9:27:55 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: palmer
Then they ought to eliminate it for both.

But they are not. That's the point. Please don't switch gears here.

When asked by corporations would be allowed to still claim the state and local tax deduction, a GOP member on the Ways and Means Committe said: "Without that break, they would go out of business!"

I am serious. He/she said that.

This is now an issue where Chuck Shumer is making more sense than our side.

42 posted on 10/21/2017 9:30:01 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: drewh

It is not a tax cut until we see an actual tax rate schedule with real numbers on it.


43 posted on 10/21/2017 9:31:59 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Tax cuts are all well and good, but they mean nothing without spending cuts.


44 posted on 10/21/2017 9:33:26 AM PDT by dfwgator
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To: dfwgator

Sending and taxing are not related. Cutting taxes increase revenue thought the fiscal stimulation tax reductions have on the economy. Linking the two together is stupid.


45 posted on 10/21/2017 9:36:05 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
It is not a tax cut until we see an actual tax rate schedule with real numbers on it.

It doesn't matter to K Street and the publicists.

They will call it a "Tax Cut" even if is creams the middle class. As I said, 44 Million Americans claim the state and local tax deduction. They are going to make all of us pay more so that the corporations can pay much, much less. There have to be "losers" to "pay for" the cuts - you see.

I guess K Street is ca$shing in all those donations to Congre$$. The bill is written to pay off those who paid them off.


46 posted on 10/21/2017 9:41:59 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: central_va
Cutting taxes increase revenue thought the fiscal stimulation tax reductions have on the economy

I agree with you. But they want to make the tax cuts "Revenue Neutral."

That means that these are not really tax cuts for everyone. They are screwing over some people and paying off other people.

You know this is true.

47 posted on 10/21/2017 9:43:29 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

I am holding out hope for the same or a little less. Naive I guess.


48 posted on 10/21/2017 9:43:49 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: dfwgator
but they mean nothing without spending cuts.

That would mean Entitlements, and they are not even part of the discussion in Washington. And they won't be.

49 posted on 10/21/2017 9:44:35 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

And usually tax cuts in one area are made up in another area, so the net effect is minimized.


50 posted on 10/21/2017 9:45:43 AM PDT by dfwgator
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To: SkyPilot

The best way to increase federal and state revenues is to stipulate the economy. The best way to stimulate the economy is through tax cuts. It is real simple. “They” don’t get it.


51 posted on 10/21/2017 9:46:25 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
I am holding out hope for the same or a little less

I guess that is all we can hope for, but Millions of Americans paying more.

Congress FAILED us on repealing Obamacare, funding the wall, passing National Reciprocity laws to protect concealed carry permit holders nationwide, appointing conservative judges (dozens of nominees are are not even given a vote), and many other failures.

With the worst legislative record in Congressional history, the House and Senate GOP members have to do something. And what is that? Paying off their donors.

That is why the middle class will be screwed by this tax bill.

52 posted on 10/21/2017 9:48:19 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: central_va
Cutting taxes increase revenue thought the fiscal stimulation tax reductions have on the economy. Linking the two together is stupid.

Yes, more revenue to feed the government Leviathan.
53 posted on 10/21/2017 9:49:47 AM PDT by dfwgator
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To: SkyPilot

When are we going to see the new rate schedule? How has the normally porous government kept this a secret? My God everything leaks. Why not this? This actually affects peoples’ lives directly.


54 posted on 10/21/2017 9:51:04 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: dfwgator
Face it. Living in the USA, even with all of it's supposed freedoms, is a miserable proposition for the non moneyed class, unless the economy is going gang busters. Socialism is better than living in a free market economy like the USA with an annual 1.5% GDP growth. This can't economic malaise go on for much longer.

It has taken a lifetime to learn this truism.

55 posted on 10/21/2017 9:55:59 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
When are we going to see the new rate schedule?

Not until the conference committee resolves any differences between the House and Senate bills.

They have told us that the standard deduction will be "doubled" - but don't believe even that. This is a bone thrown to the public, but all aspects are still in negotiation. But ending the deduction for state and local taxes? That is a certainty in the bill. When the Democrats introduced an amendment to stop it, it failed 51-47.

So Congress is going to screw the middle class over on that on. There is talk of an income layer of limiting the deduction, but I don't have a lot of hope on that. Congress wants their pound of flesh of taxes from someone in order to give corporations a massive break. And to "pay for it" they are targeting homeowners and the middle class.

Trump indicated he was willing to ease this burden - but I have heard nothing from him on this in recent days. That means to me that he is so desperate for a "win" in Congress that he will sell out 44 million American taxpayers in order to get it.

When taxpayers figure out how much they have been screwed over, they will not be happy, to say the least.

56 posted on 10/21/2017 9:59:17 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: dfwgator
This economic malaise can't go on for much longer.

Fixed.

57 posted on 10/21/2017 10:00:23 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: SkyPilot

Corporations and businesses don’t pay their taxes, the consumer of their product pays their taxes. You knew that didn’t you?


58 posted on 10/21/2017 10:22:00 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: drewh

Do you know if this tax cut proposal is retroactive to January 2017, or delayed until next year, 2018? I have tried to track down the current date for enactment and no luck. There are some sources that are against 2017 for, what seems to me, bookkeeping and other inconveniences that would occur. I recall Pres Trump mentioning early on that he was including a retroactive date but it is now not mentioned in anything current that I have read. I think that a retroactive, Jan 2017, date should be touted as often as possible. People need help right now. If that is included in the tax bill it would motivate voters to push for it through their congress people.


59 posted on 10/21/2017 10:37:35 AM PDT by mountainfolk
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To: SkyPilot

So you believe in socialism? Taxes are being lowered for most of the country. You are the one who chose to live in a highly taxed area!


60 posted on 10/21/2017 11:10:40 AM PDT by Brown Deer (America First!)
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