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 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.
If I understand his plan correctly, he wants to double the standard deduction. That would help my middle class family immensely.
Saw “Washington Post”, went back to my crossword puzzle.
Of course these idiots can only see what their tunnel vision allows them to see.
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.
Ah yeah, right. Never heard of dynamic scoring have you?
” 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.
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.
PS: GO TRUMP!!!!
This endorsement brought to you by a guy who voted for Ted Cruz in the primary...
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.
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.
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.
Speculation.
Will be good to see the schedules etc.
5.56mm
I don’t want to pay to subsidize Ivanka’s Women Who Work initiatives.
Congress is not empowered to tax for those purposes which are within the exclusive province of the States. Justice John Marshall, Gibbons v. Ogden, 1824.
"State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added]." Gibbons v. Ogden, 1824.
"The smart crooks long ago figured out that getting themselves elected to federal office to make unconstitutional tax laws to fill their pockets is a much easier way to make a living than robbing banks." me
"Federal career lawmakers probably laugh all the way to the bank to deposit bribes for putting loopholes for the rich and corporations in tax appropriations laws, Congress actually not having the express constitutional authority to make most laws where domestic policy is concerned. Such laws are based on stolen state powers and uniquely associated stolen state revenues." me
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.
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.
>>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 peoples pay through a tax refund. Its 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.
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
The Washington Post?