ONE-TERM DONNY, how could a guy so smart be so dumb?
A low grade moron could have given the military free reign to annihilate ISIS, so at least he got that done.
Job one was to annihilate the domestic enemy using ALL MEANS NECESSARY and not playing by the rules.
We needed a Pinochet, we got a guy who raised taxes on the Middle Class and let the Banksters from GOLDMAN SACHS run amok.
Happy Hanukkah MNUCHIN and COHN!
If Trump would have run on eliminating income tax deductions for W-2 workers while letting corporations keep theirs, I would have been one of those people dragged out of his rally’s for protesting, and he would be saying “get him out”.
He also would have never won.
This is a complete betrayal and scam orchestrated by Goldman Sachs “Too Big To Fail” jewish Banksters Mnuchin and Cohn, who have devised a scheme to make it impossible for W-2 workers to mitigate their tax exposure in the same way that corporations can still do.
This is also unequal protection under the law, a 14th Amendment violation.
They should have just cut the corporate to 22% and left the rest alone.
Got to hand it to Trump though, he just solved the deficit and the Social Security shortfall.
The amount of new revenue the scumbags in DC are going to bring in as a result of giving the W-2 suckers no place to hide is going to be ENORMOUS.
And he BEAT ISIS! .
This scam will be the end of his legislative accomplishments though, unfortunately, the odds of him ever getting another bill on his desk to sign are very slight.
The GOP majority WILL end in 2018
Oh and my medical deductible is still up to $6,800 from $500 before Obamacare.
What started out with such great promise, ends up with a one term presidency and a communist majority in Congress and the WH that will last a generation.
But Goldman Sachs and the BANKSTERS got what they needed.
“We needed a Pinochet, we got a guy who raised taxes on the Middle Class and let the Banksters from GOLDMAN SACHS run amok.”
exactly.
it’s interesting to me that i haven’t heard one congress critter oppose this bill on the grounds of its evisceration of the middle class. where are the folks that we elected to represent us? oh, that’s right, we are only given lip service at re-election time.
In this tax bill the elimination of most of the itemized deductions should be a deal killer to all those of our duly elected to represent us who vote them into office, and should not represent a thank you gift to those corporations who donate the fattest envelopes to their re-election campaigns.
so just as the cost of obamacare was being shouldered by all the healthy young people who had to sign up or pay a fine, this tax bill is being paid for by the average middle class taxpayer for the benefit of big permanent tax cuts for corporations and the wealthy.
Touting this as a tax cut to all the middle class deplorables who elected Trump is the same as obama promising that you would save $2500 on your insurance premiums and could keep your doctor. This isn’t a tax cut, but a tax increase for the average American.
the standard deduction is being not quite doubled [for individuals, it would go from $6,350 to $12,000, and for married joint filers, it raises that deduction from $12,700 to $24,000], but then they are eliminating the individual personal deductions [of $4,050 per person] for yourself, your spouse and your dependents; thereby, reducing the doubled standard deductions real net worth to $7,950 for singles [a real net increase of $1,600 from existing std deduction] and to $15,900 for joint filers [a real net increase of $3,900 from the current std deduction].
A couple with 2 children will have their $24,000 doubled standard deduction reduced by $16,200 for a real net reduction of $7,800 with the loss of the personal deductions. so they give with one hand but take away with the other. in addition, they are eliminating the extra deduction for those over 65 or blind.
Now, if you take the standard deduction, you cannot then itemize; therefore, giving up the normal deductions for medical expenses, long term care insurance expenses, state and local taxes, property taxes [under the senate bill], mortgage interest deduction limits, student loan interest deductions, moving expenses, alimony, dependent care assistance accounts, casualty and theft losses, unreimbursed job expenses and tax preparation fees.
One could say it never started.