Posted on 11/21/2017 1:28:06 PM PST by Brown Deer
YIKES !
Bingo.
The ZOMBIES here refuse to actually see the FACTS and are in for a HUGE shock, down the line, should Trump stupidly sign the outcome of this POS Bill!
No they won’t! And you’re NOT a Conservative of any stripe and barely a RINO!
HUGE CORPORATIONS and ONLY them ( small businesses get screwed! ) are getting real tax cuts! And those who get that stupid "earned income rebate", when they pay NOTHING, get a RAISE in what they get "back"!
Add in the fact that you won’t be able to deduct State and Local tax off your Fed, and that refund disappears. F’n RINO’s.
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I did not see that in this article or the finalized bill...is that in one f the links? Sheesh? Why is no one screaming about this?!?!?
So who exactly is this helping?
A family of 4 earning 73k is middle class now?????? LOLOLOLOLOL
And that single homeowner in California making $135k will see a tax increase of at least $9,000.
So let me get this straight.
Democrats previously talked Obama out of doing this.
And here we are - unfreakingbelievable.
LOL! You must be in a very different situation than the majority of middle class folks to have all these complaints.
Exactly. You hit the nail on the proverbial head.
Did you see Orrin Hatch freak out with anger and feigned hurt during the Senate final markup of the tax screw job bill?
He definitely over reacted. He made Sen Brown (D-OH) look like the reasonable one. All Brown basically did was point out that the tax cuts are not for the middle class.
Why did Hatch freak out?
Because he got called out - publicly, with a lot of reporters around, that's why.
Also, not sure if any of you have seen the remark regarding Sen Collins. Now, I am not normally a Sen Susan Collins fan, but she sure did ruffle the feathers of the corporate donors, K Street Lobbyists, the National Review spinners for the GOPe, and the Goldman Sachs vermin who wormed their way into the White House:
http://www.nationalreview.com/corner/453901/susan-collins-tax-demands
She dared to suggest that the corporations take a measly 2% less of their massive tax cut, so it would be slashed to 22% instead of 20%.
“I also think the reduction in the business tax rate is too steep, and that we could go to 22 percent, and then use that money, which is about $200 billion, to restore the tax deduction for state and local property taxes. That would really help middle-income taxpayers.”
Horror of horrors! The middle class would not get soaked as much with this TAX INCREASE - but no - how awful that Facebook, Apple, and Google might not get the full 15% of their tax cut from 35% to 20%!
Mark Zuckerberg is very sad and concerned.
Set corporate at 25%, leave SALT deductions alone, raise the standard deduction to $24,000 per person, make it all retroactive by one year, and adjust brackets as necessary to make the math work.
nopardons wrote: “No they won’t! And you’re NOT a Conservative of any stripe and barely a RINO!”
Exactly what tax reductions would you think a true “conservative” should support? Something that would stand a chance of being passed?
Wouldn’t that be grand. The problem is, Trump is basically not even inserting himself into this process. He is allowing that ba$tard Mnunchin to carry the water for the corporations and donors. I honestly don’t know what Trump is thinking, other than he believes people will forgive him for screwing over millions of his supporters.
If Rand Paul came out against the Senate bill, there would be a chance of changing it. But right now, it looks like he is going to tow the GOPe line.
The SALT (hmm remember a different SALT in the day), will get figured out, as they will have to solve that in Committee.
Then, the overall package will consist of large tax cuts for middle America, equalizing corporate tax cuts (yes the US corporate rates are some of the highest in the world) and a small but meaningful reform of the system, which will hopefully in time lead to much larger reform.
By the way, the angst against corporate tax cuts is very disappointing to see on a conservative website like this for 2 big reasons.
1. The Reagan/Kemp wealth creation and growth conservatism seems all but dead.
2. Liberal media and DNC envy and class propaganda seems to have bled into conservative thought.
I think you know the real answer. People are pro-economic growth.
But this tax bill is a gift to corporations at the expense of the middle class.
Moreover, while I pro-business growth, it is high time we realize that corporate behavior as of late is not to "re-invest" first. No, it is buy their own stock.
During an event for the Wall Street Journal's CEO Council, an editor at The Wall Street Journal asked the room: "If the tax reform bill goes through, do you plan to increase investment — your company's investment, capital investment?" He asked for a show of hands. Alas, as the camera revealed, virtually nobody raised their hand. Responding to this "unexpected" lack of enthusiasm to invest in growth, Cohn had one question: "Why aren't the other hands up?"
Because they are going to use that extra cash to drive up their own stock prices.
This isn't the 1980s.
Altruistic Capitalism isn't the vanguard against the Soviet menace anymore.
Thanks for the chart.
I look at this completely different than you have.
The reason Corporations have poured money into US Equities may be that they can’t get a better or similar return than if they re-invested that money into their business. The Corporate Tax cuts could provide an incentive to move those funds from a Passive investment to something that would produce the growth we have been missing for nearly 10 years.
Also, please look at that link from Zerohedge I posted. Gary Cohen asked for a show of hands how many of the CEOs were going to re-invest for growth.
Almost no hands went up, and he was embarrassed and shocked.
The Corporate Tax cuts could provide an incentive to move those funds from a Passive investment to something that would produce the growth we have been missing for nearly 10 years.
Or they are just going to buy back more of their own stock and line their own pockets.
We’ve had 8 plus years of Uber Slow Growth.
Look at GDP, with merely regulatory action, rising to 3%,
There is a pent up economic expansion coming and it is percolating now based on expectations of a growth environment. You’ve bought into the Democrat normalization of super slow growth.
Consumer and Business Sentiment is at multiyear highs. Businesses will reinvest, grow and hire.
That’s not based on an anecdotal show of hands, it’s based on data.
These personal and business tax cuts will blow the gaskets of this economy. Only the GOPe can prevent that from happening by not passing the Tax cuts.
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