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Started by Bleu11 on 12-Oct-2017 03:48:27
The Republican Tax Plan

The selling begins.

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Bleu11 - 12 Oct 2017 03:59:33 (#1 of 114)

President Donald Trump added a new sweetener to his sales pitch for tax reform Wednesday, saying average Americans would benefit greatly if U.S. corporations bring money home from abroad under a special low tax rate.

Polling has shown that a cut in corporate taxes is unpopular, though there is strong support for a cut in small-business rates. So Republicans have been trying to make the case that lower corporate taxes will benefit all Americans.

http://www.politico.com/story/2017/10/11/trump-tax-rates-corporate-offshore-243689

The corporations already pay pretty low taxes since they have good accountants (and lobbyists). Now, Trump, s an international corporation's "head", wants to lower the taxes of international corporations even more.

virgil5 - 12 Oct 2017 10:16:38 (#2 of 114)

Probably more of the Russian anarchist Antichrist thing; corporations being the work of Satan and all.

AdrianNTierney - 12 Oct 2017 17:00:13 (#3 of 114)

Have you ever looked at the percentage of the Federal tax revenues represented by corporate income taxes, Bleu?

Bleu11 - 23 Oct 2017 18:25:01 (#4 of 114)

There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays!

— Donald J. Trump (@realDonaldTrump) Oct. 23, 2017

To decide if Trump is tweeting truth, I just tossed a coin.

AdrianNTierney - 23 Oct 2017 18:52:01 (#5 of 114)

Whatever gives you the false idea that Trump has any impact n any tax bill coming out of the Congress? All Trump can do is sign such a bill or veto it, nothing all that much more.

There are 535 people in Washington, DC, who'll now be asked to justify those campaign donations they received. And such demands are too critical to those 535 than anything Trump can tweet.

freedutchman - 23 Oct 2017 20:58:01 (#6 of 114)

Lest we forget:

Niger is Trump's Benghazi

Obamacare is still there

Mexico paying for an imaginary wall is a hoax

Russiagate won't go away

and last but no least:

THE FRAUD DONALD T. IS A F>>>G LIAR!!!

;-)

AdrianNTierney - 23 Oct 2017 23:28:26 (#7 of 114)

And in further "news" ....

LaLady - 24 Oct 2017 23:11:48 (#8 of 114)

Upper income tax cuts result in stock market bubbles, which are followed by major corrections, which are followed by recessions that are made worse by the billions taken out of circulation by the tax cuts.

Supply side economics doesn't work. It never has, and never will. Supply side economics is theft on a massive scale, by the billionaire class, from the working and middle classes.

They want it all, everything. The public schools, the post office, the VA health care system, all of the military, all the roads, bridges, airports, all the federal lands, your home, everything.

The 99 percent then are serfs and slaves.

Someone who thinks trickle down economics has worked even once and can cite that occasion backed by verifiable facts please do so.

AdrianNTierney - 25 Oct 2017 00:59:07 (#9 of 114)

LaLa's fable is amusingly false, of course.

For a fable it is indeed. As easily demonstrated by the small reality that no one's lusting for "The public schools, the post office, the VA health care system, all of the military, all the roads, bridges, airports, all the federal lands, your home, everything.".

IQ76again - 28 Oct 2017 22:21:56 (#10 of 114)

It seems US people are not very fond of getting US corporate taxes halved when they have to pay for it and also giving most of other tax benefits to rich, but it is like that if repugs get their way, then it is all for rich plan, they dont even mind for tax increase for middle income people.

AdrianNTierney - 29 Oct 2017 00:16:43 (#11 of 114)

iq - your brilliant stupidity's hanging out there once again.

Bleu11 - 29 Oct 2017 01:28:37 (#12 of 114)

Hush hush last minute wheeling and dealings without the aides. Hmmm.

https://www.politico.com/story/2017/10/28/gop-tax-bill-secrecy-244253

There’s also precedent; former Ways and Means Chairman Dave Camp introduced tax reform legislation in 2014 after keeping final language under tight wraps until soon before the now-retired Michigan Republican released it. (And when he did, the bill bombed.)

IQ76again - 29 Oct 2017 01:42:34 (#13 of 114)

iq - your brilliant stupidity's hanging out there once again

If you have any pointed rebuttal, I like to hear it.

AdrianNTierney - 29 Oct 2017 14:36:45 (#14 of 114)

Besides complete ignorance of both economic policies and taxation policies on your part, iq?

That's the only "rebuttal" needed.

AdrianNTierney - 03 Nov 2017 19:31:14 (#15 of 114)

No comments on the more detailed tax plans?

brooklyn - 03 Nov 2017 20:35:56 (#16 of 114)

a view on the House plan:

https://newrepublic.com/article/145654/gops-15-trillion-tax-plan-almost-nothing-99-percent

AmericanWoman - 03 Nov 2017 22:57:05 (#17 of 114)

I guess it's wait and see. We don't have large mortgage interest or state tax, so maybe we will get a tax break.

Garden - 03 Nov 2017 23:46:39 (#18 of 114)

I'm heartened by the desire to cut the home mortgage deduction, though don't know why they'd leave any part of it in place given that it's regressive and distorts the housing market.

Seems to me they can eliminate just about all those deductions and special-interest carve-outs - if they did, just think of all the extra revenue they'd collect.

AdrianNTierney - 04 Nov 2017 18:12:05 (#19 of 114)

Seems to me they can eliminate just about all those deductions and special- interest carve-outs - if they did, just think of all the extra revenue they'd collect.

Hurrah!!! A very sensible view and one that should appeal to Democrats, too.

Unfortunately, campaign donations from the real estate industry decide all too many Congresscritters 'views'.

Bleu11 - 04 Dec 2017 16:42:47 (#20 of 114)

"I think not having the estate tax recognizes the people that are investing,” Grassley (R-Iowa) told the Des Moines Register, “as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”

The 80s style finance industry bubble propping is back with even more dumbed down socio-economic analysis.

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