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This tax bill will punish 44 Million Americans who claim the state and local tax exemption, all to "pay for" a massive tax break for corporations who have paid off K Street in Washington.

1 posted on 10/21/2017 1:59:09 PM PDT by SkyPilot
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To: SkyPilot

I didn’t expect the media to support it, no matter what was in it. I just wonder what took them so long to trash it.


2 posted on 10/21/2017 2:02:04 PM PDT by I want the USA back (The further a society drifts from the truth, the more it will hate those who speak it. Orwell.)
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To: SkyPilot

If I understand his plan correctly, he wants to double the standard deduction. That would help my middle class family immensely.


3 posted on 10/21/2017 2:02:06 PM PDT by gop4lyf (Gay marriage is neither. Democrats are the party of sore losers and pedophiles.)
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To: SkyPilot

Saw “Washington Post”, went back to my crossword puzzle.


4 posted on 10/21/2017 2:04:29 PM PDT by daler
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To: SkyPilot
So basically she is trotting out that worn out argument that it benefits the rich the most. Since they pay most of the taxes to begin with it only makes sense that they too would benefit along with the middle class. They are the job creators, so that means more Americans can be employed, while still retaining a nice chunk for themselves, and the middle class expands.

Of course these idiots can only see what their tunnel vision allows them to see.

6 posted on 10/21/2017 2:04:59 PM PDT by Robert DeLong
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To: SkyPilot

If they make the lowest rate go all the way to the FICA cap and add the personal exemptions back in, that would help a great deal with the loss of the big-government-subsidizing SALT deduction. And while they’re at it, get rid of SALT for corporations, too.


7 posted on 10/21/2017 2:06:37 PM PDT by Tolerance Sucks Rocks (Environ-MENTAL-ism is MENTAL)
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To: SkyPilot

Ah yeah, right. Never heard of dynamic scoring have you?


8 posted on 10/21/2017 2:07:51 PM PDT by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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To: SkyPilot
Journalists at the Washington Post see all money as government money. To them, the term "middle class" means the welfare class. Any time productive Americans keep more of their money instead of government taking it for those with connections, leftists cry. I love their tears!


10 posted on 10/21/2017 2:11:39 PM PDT by Pollster1 ("Governments derive their just powers from the consent of the governed")
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To: SkyPilot

” all to “pay for” a massive tax break for corporations “

This conservative believes expanding and growing businesses are VASTLY more helpful to the middle class than “the state and local tax exemption” - one which would be swallowed up for most by a larger standard deduction anyways.

I find the communist idea that business is bad and deserves confiscatory taxes so politicians can buy things for their voters....repulsive.


11 posted on 10/21/2017 2:12:34 PM PDT by Mr Rogers (Professing themselves to be wise, they became fools)
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To: SkyPilot

Playing devils advocate — maybe the state taxes are too high? And this exclusion from the Feds has allowed them to get by for too long?

Then again, being taxed twice on the same money doesn’t seem fair. First by the feds and then second by the state.


13 posted on 10/21/2017 2:13:35 PM PDT by dhs12345
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To: SkyPilot

PS: GO TRUMP!!!!

This endorsement brought to you by a guy who voted for Ted Cruz in the primary...


14 posted on 10/21/2017 2:14:27 PM PDT by Mr Rogers (Professing themselves to be wise, they became fools)
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To: SkyPilot
It will help the people who live in states who have a sensible income/sales tax rather then allowing high tax states to hid their avarice by saying "you can deduct it from your federal taxes."

By expanding the standard deduction middle class families will pay less taxes. Most never claim the state tax deduction because they don't itemized deductions on their taxes anyway.

17 posted on 10/21/2017 2:16:11 PM PDT by Harmless Teddy Bear (Not a Romantic, not a hero worshiper and stop trying to tug my heartstrings. It tickles! (pink bow))
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To: SkyPilot
This tax bill will punish 44 Million Americans who claim the state and local tax exemption, all to "pay for" a massive tax break for corporations who have paid off K Street in Washington.

I hope they kill the State and Local Tax exemption. We should not subsidize the fools that live in blue states.

Businesses and corporations don't really pay taxes. They just pass those costs along to consumers in the form of higher prices. These are hidden taxes all of us pay. Lowering taxes on businesses will help everyone. Of course the class-envy liberals don't quite understand that.

19 posted on 10/21/2017 2:16:42 PM PDT by plain talk
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To: SkyPilot
This tax bill will punish 44 Million Americans who claim the state and local tax exemption, all to "pay for" a massive tax break for corporations who have paid off K Street in Washington.

Unfortunately you are not looking at the big picture. Lowering the corporate tax rate will bring back trillions to America, along with investments that will create more jobs. That in turn creates competition which means wages will go up. If you live some place that taxes are that onerous that they will upset your finances then relocation may be in order. Also, the standard deduction would nearly double.

20 posted on 10/21/2017 2:18:49 PM PDT by Robert DeLong
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To: SkyPilot

Speculation.

Will be good to see the schedules etc.

5.56mm


23 posted on 10/21/2017 2:20:49 PM PDT by M Kehoe
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To: SkyPilot

I don’t want to pay to subsidize Ivanka’s Women Who Work initiatives.


27 posted on 10/21/2017 2:23:49 PM PDT by Kalamata (Inside Every Liberal is a Totalitarian Screaming to Get Out - D. Horowitz)
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To: SkyPilot; All
Surely this tax bill is fully compliant with Congress’s constitutional Article I, Section 8-limited powers. (sarc)

Patriots need to make sure that there are plenty of Trump-supporting, state sovereignty-respecting patriot candidates on the primary ballots and pink-slip career lawmakers by sending patriot candidate lawmakers to DC on election day 2018.

28 posted on 10/21/2017 2:24:06 PM PDT by Amendment10
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To: SkyPilot

The media is very comfortable with reporting their views of something that doesn’t exist.
And idiots are comfortable with accepting what they’re told by the media.

When there’s real information to make conclusions upon I’ll be interested in how any changes affect people.


34 posted on 10/21/2017 2:26:14 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: SkyPilot

>>A real middle-class tax plan would likely include a large expansion of the earned income tax credit.

For decades the EITC has supplemented lower-income people’s pay through a tax refund. It’s pro-work, because it increases the payoff from holding down a job. <<

The EITC is an illegal direct transfer of funds from the productive to the pockets of the unproductive. It rewards sloth (that is “just making it and if I advance I lose money”).

ANY tax break is going to — hang on to your hats, folks! — help PEOPLE WHO PAY TAXES!!

From http://econostats.org/who-funds-the-federal-government-2/:


Overall, for 1979, including Social Security payments, for every $1.00 earned:

The lowest income quintile paid 7.5 cents to the federal government;
The second lowest income quintile paid 14.5 cents to the federal government;
The middle quintile paid 19 cents to the federal government;
The second highest income quintile paid 21.5 cents to the federal government;
The highest income quintile paid 27.1 cents to the federal government; and,
The top 1 percent paid 35.1cents to the federal government.

Says it all.


40 posted on 10/21/2017 2:30:01 PM PDT by freedumb2003 (Every Californian who supported "sanctuary state" has blood and ashes on his/her hands)
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To: SkyPilot

It’s a tax cut for corporations. Tax cut for those who don’t pay. Tax hike for those that do.

If I wanted to get the Dems eleccted in 2018, I would propose this bill


41 posted on 10/21/2017 2:30:24 PM PDT by redgolum
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To: SkyPilot

The Washington Post?


43 posted on 10/21/2017 2:30:44 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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