GOP unveils final version of tax reform bill

Fox News ^ | December 15, 2017 | Samuel Chamberlain

[Java4Jay]

Corporate tax rate down from 35% to 21% - This is nuts!

This cut needs to be provisional. Add X amount of jobs to get the rate drop.

Big corporations will just sit on this extra cash while the Treasury goes more broke.

We get stuck holding the bag, again.

[jazusamo]

I don’t know what all that refers to my FRiend, maybe someone will define it here.

[libertylover]

The GOPe and RINOs are expert at snatching Defeat from the jaws of Victory.

Ain't it the truth!

[freedumb2003]

This tax bill is pretty bad for me.

Service based S-Corps are getting it pretty damn hard.

I was lied to — by everyone.

What the hell — someone has to carry the load.

[johnthebaptistmoore]

First, pass it, then, keep making it much better with future legislation, for many years to come!

[House Atreides]

“How can tax credits exceed tax paid.... ??”
***************************************
They really can’t — just as “refundable” tax credits aren’t refunds of taxes paid but are instead masked WELFARE PAYMENTS. This is BAD public policy, IMHO. Most of our Congresscritters don’t spend a lot of their time in the real world. If they had their heads out of the sand they would realize that there are many people who intentionally LIMIT their amount of reportable income. They do this for a combination of avoiding taxes and/or for becoming eligible for income related benefits (Obamacare subsidies, Medicaid, credits, food stamps, etc.).

[Jonny7797]

Simple, it’s called a handout.

[Jonny7797]

Fake news.

[CatOwner]

Anyone have the latest tax estimator? I would like to see how much we will end up owing next year. That various plans had us between $700-900 more federal taxes for a married retired couple (one over 65, one under 65).

[mdittmar]

Well,I love it,the more money they make,the more I make,it’s that 401k thing.

[phoneman08]

“Corporate tax rate down from 35% to 21% - This is nuts!
This cut needs to be provisional. Add X amount of jobs to get the rate drop.
Big corporations will just sit on this extra cash while the Treasury goes more broke.
We get stuck holding the bag, again.”

This couldn’t be more wrong. Should have been 15% as POTUS originally proposed.

The whole point of reducing corporate taxes is to make doing business in the US more attractive than overseas.

Why not double the rates and pay off the debt? Would work just fine except there would be almost no industry left to pay the tax. Sort of like we’ve been doing now.

[dfwgator]

Simple, it’s called a handout.

And the beneficiaries will still vote Rat anyway.

[central_va]

When the economy is growing tax revenues increase. Tax cuts are the best economic stimulus engine that there is. Stop worrying.

[Paladin2]

It’s always fun to hear of that check as a tax “refund”...

[dfwgator]

It’s always fun to hear of that check as a tax “refund”...

It's called giving the government an interest-free loan.

[Tonytitan]

Big corporations will just sit on this extra cash...

I fail to see the logic of leaving their cash in the bank to earn 0.1% as opposed to investing it to get 8-10% in returns. If they won't invest in job creation, those who receive those investments probably will use them for job creation.

[So Cal Rocket]

AMT for taxpayers was not repealed. So the IRS gives me a tax break on one hand but takes it all back with the other.

[dfwgator]

It’s all a shell game. PT Barnum was right.

[Spktyr]

Big corporations have billions sitting offshore simply because the rate is 35%. Many have promised to bring that money home if the rate is reduced to a more sane level.

[MinuteGal]

Pure and simple.....Marco Rubio's sucessful welfare ploy was for the benefit of the vast Latino immigrant population in Florida.....on our dime.

This will come back to haunt him in his next election here in Florida.

Marco my words!

Leni