2017 Tax Reform

#26
#26
Every fracking word and analysis by sources I trust. Why don't you go over it line by line and explain it to us.

You’re the one acting like a little ***** over it, why don’t you explain what’s bad about it?
 
#27
#27
You’re the one acting like a little ***** over it, why don’t you explain what’s bad about it?

Allow me:
Rich people won't pay fair share. Corporations get breaks and will keep the extra instead of reducing prices. Poor and middle class hardest hit. Unacceptable deficits (first time concerned but whatevs).

How'd I do; did I pass the socialist test ?
 
#28
#28
Allow me:
Rich people won't pay fair share. Corporations get breaks and will keep the extra instead of reducing prices. Poor and middle class hardest hit. Unacceptable deficits (first time concerned but whatevs).

How'd I do; did I pass the socialist test ?

Need a wee bit more venom and crying.
 
#30
#30
Liberals are in the death throes. If trump is successful in lowering taxes and stimulating the economy its the end of the Democratic Party as we know it. There is no lie they won't tell and no action they won't take to stop it from happening. In the peoples best interest, right! Media is behind them but its too late.
 
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#31
#31
Liberals are in the death throes. If trump is successful in lowering taxes and stimulating the economy its the end of the Democratic Party as we know it. There is no lie they won't tell and no action they won't take to stop it from happening. In the peoples best interest, right! Media is behind them but its too late.

What's this IF ****.? This is the entire Republican economic theory in practice. The kicker is they don't care if it fails. By time it does they already have the money.
 
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#32
#32
What's this IF ****.? This is the entire Republican economic theory in practice. The kicker is they don't care if it fails. By time it does they already have the money.

They basically punted back to the house whom are trying to pass a bill to extend funding for two more weeks before the government shutdown.

The government needs money that we do not have so naturally we should give the very rich tax breaks and add a trillion to the debt.

Tax Bill Offers Last-Minute Breaks for Developers, Banks and Oil Industry - The New York Times

I don't see how any of these tax breaks would create jobs. Isn't that the premise of the “Tax Cuts and Jobs Act,”
 
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#33
#33
Liberals are in the death throes. If trump is successful in lowering taxes and stimulating the economy its the end of the Democratic Party as we know it. There is no lie they won't tell and no action they won't take to stop it from happening. In the peoples best interest, right! Media is behind them but its too late.
You think this will stimulate the economy...Poor snowflake
 
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#35
#35
What's this IF ****.? This is the entire Democrat heathcare (Obamacare) theory in practice. The kicker is they don't care if it fails. By time it does they already have the money.

See how easy that was?
 
#37
#37
Cbo estimates $1.36t cost to Obamacare over a decade. Cbo estimates the tax reform will result in a $1.4t addition to the deficit over a decade.

Lmao?
If I am not mistaken, and admittedly I could be, certain assumptions have been made wrt the 'cost' of the tax plan. If... and it is again only a possibility... the economy gets stronger, that "cost" number could be much smaller. Zerocare on the other hand was a harder cost to the American taxpayer. It regulated and restricted commerce and innovation. I'll take my chances with the possibility of free enterprise any day over government regulation and heavy handedness..
 
#38
#38
And you think if you lower the corporate tax they are going to pass that on down to you in lower prices? Big LOL
Nope. Only a fool would think that. What will more than likely happen is that companies will be able to take the extra profits and plow them back to grow the business and employ more people who then pay more taxes. Your take on it is EXACTLY what the liberals think this is about. Corporations pay less taxes, therefore they must lower prices. Idiotic
 
#39
#39
Cbo estimates $1.36t cost to Obamacare over a decade. Cbo estimates the tax reform will result in a $1.4t addition to the deficit over a decade.

Lmao?

Cbo scoring for Obamacare was assuming a 5% annual growth rate in GDP.

Garbage In, Garbage Out
 
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#43
#43
They could be wrong... either intentionally or unintentionally. Unintentionally wrong suggests that their models were correct but situations beyond their control occurred. Or, they could be intentionally wrong (boldfaced liars).

Either way, I'm siding with them. Yes, I'll admit that it's an appeal to authority but politicians are definitely and intentionally going to sell this based on partisanship wants.

I have no reason not to believe the result is not going to be as bad as or worse than the cost to America's coffers as Obamacare.

My only point is, aside from Corker - where are the fiscal conservatives? They've completely sold out the country to appease their corporate sponsors.
 
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#44
#44
What figures did you come up when you graded it?

What’s your point?

The CBO scoring is based on assumptions given to it by the party responsible for the legislation.

Obamacare’s rosy predictions were based on 5% economic growth rates and, like you said, 50 state participation. Neither happened, but Obamacare supporters still trot out the CBO scoring as if it’s supposed to mean something.

The same can be said for this tax reform bill.

You do understand what “ Garbage In, Garbage Out” means, don’t you?
 
#45
#45
What’s your point?

The CBO scoring is based on assumptions given to it by the party responsible for the legislation.

Obamacare’s rosy predictions were based on 5% economic growth rates and, like you said, 50 state participation. Neither happened, but Obamacare supporters still trot out the CBO scoring as if it’s supposed to mean something.

The same can be said for this tax reform bill.

You do understand what “ Garbage In, Garbage Out” means, don’t you?

Describes Fox news viewers.
 
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#47
#47
They basically punted back to the house whom are trying to pass a bill to extend funding for two more weeks before the government shutdown.

The government needs money that we do not have so naturally we should give the very rich tax breaks and add a trillion to the debt.

Tax Bill Offers Last-Minute Breaks for Developers, Banks and Oil Industry - The New York Times

I don't see how any of these tax breaks would create jobs. Isn't that the premise of the “Tax Cuts and Jobs Act,”

It would take cutting the income tax to 0% of the super rich (600ish billion) and the corporate taxes by 30% (~400ish billion) to equal the trillion number. that is not what is happening. the deficit, as always, is due to too much spending.
 
#48
#48
Nice comeback, sport. What’s next? I’m a racist homophobe who hates women?

LG, is that you?

Went too far with the fox news comment for you. Its touted as a jobs bill through tax reform, but the only thing is says about jobs is in the title as far as I've seen.
 
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#49
#49
It would take cutting the income tax to 0% of the super rich (600ish billion) and the corporate taxes by 30% (~400ish billion) to equal the trillion number. that is not what is happening. the deficit, as always, is due to too much spending.

How is that budget coming along? Where do we make up the shortcomings from tax and spend? Well that is a different discussion. My interest is where some of these proposals would create american jobs.

The fact is that lowering taxes to the wealthy and corporations has had very little to do with increasing the number of jobs or higher wages, but it is still discussed as some kind of economic absolute that everyone should accept.

"Even though corporations and people like George Will complain about the corporate tax rate, history shows that effective corporate tax rate has been steadily declining for decades. Corporations paid more than 49% of their profits in federal taxes in the 1950s, 38% in the 1960s, 33% in the 1970s and 25% in the 1980s. All the while, U.S. wages have been stagnant for years even as productivity has risen. Between 1989 and 2010, U.S. productivity grew by 62.5% — far outpacing wages, which grew by only 12% during the same period, according to a March 2011 study by the Economic Policy Institute."

https://www.forbes.com/sites/mikecollins/2014/12/03/job-creation-by-tax-reduction/#2b0902cd6206
 
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