Skip to comments.Hatch Blows Up On Dem Sen. Brown: Tired Of "That Crap" That Republicans Only Help The Rich (WOW)
Posted on 11/17/2017 7:49:57 AM PST by LesbianThespianGymnasticMidget
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“With 80% of the benefit going to corporate rate reductions, and another 9% going to those over $250k/yr its an easy argument to make. And one that will resonate more broadly than most here suspect in 2018. Whatever the reality, it will have severe political consequences.”
i absolutely agree, and it isn’t going to go well for repubs and Trump in 2018 and 2020, when most deplorables who voted for Trump find their tax bills increasing significantly. because of all the permanent tax rate cuts for corporations and the the wealthy, someone is going to have to pick up that loss of revenue, and it is the middle class in America, just as was planned for obamacare, where the young and healthy were hit with high premiums or paying a fine, in order to make health insurance premiums cheaper for the old, infirm, and sick. insurance costs used to be based on risk but obamacare turned that on its head.
The Baby Boomer cohort has been doing their retirement planning under the current rules for 40 or 50 years. Now that they are moving into retirement, many of us are now going to get screwed big time. I know a lot of people in the high tax states where these changes mean they won’t be able to make it. I’ll get flamed for that because everybody in a low-tax state says they are fed up with subsidizing the high-tax states via the State and Local Tax deductions. That is obviously a true statement. But big changes like these should be phased in to avoid wiping people out in retirement (or maybe grandfather people over a certain age). It is so damn unfair to have people do all their financial planning for retirement under Rule Set A and have that instantaneously changed to Rule Set B when they retire.
What really hacks me off (as Rush has been saying for several weeks) is that GD bastards keep saying they have to “pay for the tax cuts somehow.” The HELL they do — just get spending back to where it was 20 or 30 years ago as a fraction of GDP and they could cut everybody’s taxes and still balance the budget. Not ONCE in this whole crappy tax-cut discussion have they talked about getting the gigantic, bloated government off our backs and cutting spending.
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