Posted on 11/15/2017 4:51:41 PM PST by SkyPilot
He’s right, you know. Corporate scum get more benefit than the small businesses, at least in the House bill.
Yes, they will try to raise them further elsewhere, because when you really look at it, it’s not so much a tax relief bill as it is a covert spending bill, designed to mostly cover that awful $4T budget outline that they passed in order to use reconciliation.
Spot on. If the bill eliminates deductions for state/local taxes, property taxes and mortgage interest, so be it. Most will be offset by an increase in the standard deduction and rate reduction. Why should anyone bitch about not being able to take these deductions?
I remember under Reagan, the government did away with credit card interest deductions. People put up a fuss back then, but what was the justification for having it as a deduction in the first place?
On the gif? That is ObamaPhone Lady. She is saying Romney sucks.
They’re as bad as democrats.
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No. They’re worse than democrats. At least the RATS exhibit some kind of loyalty to their own party and occasionally get things done (not good things, mind you - but things).
We might well have a Congress full of goldfish or rocks for all the good these worthless Republican shitheads do us.
This is a “K Street Lobbyist Special!” That rearranges deck chairs on the Titanic and provides neither simplicity nor clarity!
These Bozos have their fingers in so many money pies cooked by Special Interest Groups that by the time this “THING” becomes law, it will not be recognizable as tax reform!
These aforementioned Bozos, the CongressCritters, Senators and Evil Inside the Beltway Lobbyists (who MOST DEFINITELY DO NOT have the interest of the poor suffering American taxpayer ANYWHERE on their radar screen!) simply will add more thousands of pages to “The Code,” and will increase the opacity and complexity of “The Code” one or two orders of magnitude!
They will claim otherwise, but they are, of course, LYING!
Macbeth’s admonition comes to mind: “It is a tale told by an idiot, full of sound and fury, signifying nothing.”
By the way, Senator Johnson has a point - I agree with him.
Business taxation must be uniform, irrespective of business size.
This is what happened in 1986 when Congress attached so many ornaments to the tax reform bill that Ronald Reagan finally said, "Stop! We start over."
“This is far more personal for tcrlaf. You see, he hates anyone with more than he has.”
Lol...
Please, by all means, feel free to blow that from the orifice of your choice!
I’m not sure how much this “tax cut” will cost me, but I’m damn sure that the government needs to cease and desist from all retroactive regulatory changes. I’d rather have nothing than something worse.
More class warfare and K Street payoffs are not the answer. Small business is the lifeblood of this country and we don’t need any more damned leeches!
Read up on reconciliation rules.
GOP just lost Congress. Good luck
No company raises wages just because they are profitable. The CEO would be out in a day if he proposed that
I talked with my accountant over the first few proposals. Most taxpayers will see a tax hike. Most small businesses are going to be slammed.
Go look into it. This is a tax hike
I have no idea how the executives could “hoard all of the economic growth for themselves and the other high earners”.
I expect you to start talking about the proletariat or some such thing. Maybe you need to move to Cuba or N. Korea, the last remaining workers paradises.
No, this is a private spat from another thread.
Actually, we ought to encourage the Bozos to keep on making the code more opaque and indecipherable!
If there is no longer any objective right or wrong, the code can become anything we want it to, right? 1984 redux?
These Bozos don’t know it, but they are laying the groundwork for the FAIRtax!
You’re confusing apples and oranges. The high tax states have lots of high income people, so in the aggregate those states pay a lot in taxes to the Federal government. For example Silicon Valley has all these billionaires. You’re equating the aggregate to the individual in some illogical fashion, like a tax payer in a high tax state can take credit for the fact that the state has lots of rich people and therefore pays lots of income taxes.
You’re implying that an individual in a low tax state owes the high tax states something because the high tax states have lots of rich people. It’s a non sequitur.
What is your point about Federal aid being higher as a percentage of state revenue in low tax states? Of course it is, because they don’t tax as much. It’s not the fault of someone in a low tax state that the Democrats running those states jack up state taxes to the stratosphere. If the low tax states jacked their taxes up, they would receive less revenue from the Feds as a percentage of their total revenue. It has to do with how numerators and denominators work. So what?
I agree on the principle of double taxation, but my point stands, that the tax rates are higher than they would be because of allowing that deduction, and therefore individuals in low tax states pay more than they otherwise would. The comparison of aggregate revenues collected has nothing to do with anything.
Can you explain exactly what is wrong in that article?
The numbers in the article were compiled by the Tax Policy Center which is a liberal group that is hostile to the tax cuts. They aren’t trying to inflate the benefits to the middle class.
According to the table in the article, the $86,100 - $149,400 income range would see an average tax cut of $2,100 in 2018 with 88% getting a cut of some size.
Where are you getting your information? If you have some ACTUAL INFORMATION SOURCE for your claims then why don’t you tell me what it is and I could be enlightened. My impression is you have no information source at all.
For that matter I don’t even know exactly what you’re claiming. Just “we’re all going to pay more” or something. What percent of taxpayers in what income range would see a tax increase, based on what source?
I feel like I’m talking to a bunch of fact-free Democrats all of a sudden.
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