Posted on 11/02/2017 1:09:55 PM PDT by SeekAndFind
There is always going to be division. No one can submit any legislation that does not have division. Especially true nowadays in this country.
My taxes will be divided?
Our economy needs strong medicine. And strong medicine will only be prescribed by our congress at the cost of many of their seats. i.e.
1. The problem is the people, not the congress.
2. This will not be resolved. We are in this thing all the way down to the rocky depths below. This is all theater.
but it’s the CBO score that counts.
Fk them Kommie bass tarde.
Lying sacks of Shiite.
Move on with it already.
Simple majority and it’s done...
Then we can hammer the dems for being self serving maniacs next year who do not care if Americans have more money to spend, better job opportunities and an economy that is amazing for the first time in 20 years....
I support this tax plan as announced, as I suspect many others will also. The economy will absolutely boom. Awaiting the imminent arrival of those FReepers who will denounce those of us who support it as Social Justice Warriors.
Go figure! ;-)
“...This is all theater....”
I would certainly agree, for the most part. At best, it is robbing Peter to pay Paul. Redistribution of taxation. At least, there will be a BIG fight over this and MAYBE some taxation will be reduced. After all, that is what Trump was elected to do and his promise. Get the popcorn ready.
If they don’t keep some level of deductibility for State taxes, the exodus from NY, NJ, and California to Texas and Florida might become a stampede. Here in NJ, a couple earning a combined $100,000 will pay about $5000 to the State, but the IRS would still tax you on the full $100k, even though you really only took home $95k.
A booming economy increases federal revenue. This “revenue neutral” plan won’t stimulate anything.
Poorly written, the cap is halved, not the deduction.
I thought no deduction for state taxes?
Corker should have ZERO to do with this bill. He is leaving-— not running for reelection......
ALSO—CORKER was caught CHEATING on HIS INCOME TAXES for over 10 years.
He has a build in animus & bias.....
I think the hope is for repatriation of corporate money and forcing states to lower taxes.
Me too. It's not perfect but it's much better than I feared. Get this done Mitch...you too Ryan!
Tell me, where does a manufacturing company spends it’s “repatriated” money if all of their production factories are in Mexico or China?
Big savings (not) my tax bill will be 365 dollars less under the new plan. Can get one months supply of medicine with that saving and scrap for the rest of the year.
I recalculated my 2016 federal taxes and I would have had to pay $1,000 more in taxes under this plan.
What they need to start doing a rather quickly in my belief, is start cutting the size of the Federal Government, so that before President Trump leaves office a healthy tax cut can be enacted. One that is easier to complete & file as well.
That's what Rush has been saying all afternoon but on FBN this morning they said that the first $10,000 in SALT will be deductible.
That’s a good thing. To me, whether or not it’s perfect isn’t really the point. Creating new facts on the ground is the important thing. That being the case I wouldn’t mind blowing a hole in the budget with tax cuts and then come back in 6 months or so and complain about how big the debt it. With the new facts on the ground the question will be put the taxes back to where they were (i.e., raise taxes) or cut spending. That’s a MUCH easier argument to win than trying to cut spending now. Repukes aren’t much for strategy though.
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