Getbig Bodybuilding, Figure and Fitness Forums
Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on July 28, 2017, 09:07:23 AM
-
https://www.wsj.com/articles/bad-news-if-you-make-150-000-to-300-000-higher-taxes-for-many-1501234200
F this noise
-
This will be something the GOP will get behind.
-
I thought Trump was the anti-tax guy?
>:(
-
I thought Trump was the anti-tax guy?
>:(
He needs an intervention FAST
-
He needs an intervention FAST
He's a con man... You've said it yourself. Nothing more, nothing less.
Every real estate person I've ever known has always said, "Don't worry, this will get fixed." It's a con job every single time.
-
He's a con man... You've said it yourself. Nothing more, nothing less.
Every real estate person I've ever known has always said, "Don't worry, this will get fixed." It's a con job every single time.
His immaturity and lack of focus and discipline is really pissing me off.
-
His immaturity and lack of focus and discipline is really pissing me off.
I hate to give a Bush any credit, but Jeb was right, he was a chaos candidate, and he's a chaos President.
You can't dictate policy in 140 characters.
-
What the heck? Sounds like something Obama would do.
-
I hate to give a Bush any credit, but Jeb was right, he was a chaos candidate, and he's a chaos President.
You can't dictate policy in 140 characters.
True. But I'll still take him over Jeb Bush, by many miles.
-
True. But I'll still take him over Jeb Bush, by many miles.
I don't know if I necessarily agree at this point.
I understand that Trump isn't a part of the "establishment", but sheesh.
I always thought Jeb was the smart one anyway.
-
I don't know if I necessarily agree at this point.
I understand that Trump isn't a part of the "establishment", but sheesh.
I always thought Jeb was the smart one anyway.
I cringe to think what his people would be up to by now, all the while with the media silent. No thanks.
-
You people are out of your minds, you're ready to turn your back on Trump over this... ::)
-
I wasn't a Trump guy to be honest. Never really thought he would do a decent job.
-
I couldn't be more happy with him. I would have thought as much as you and I have agreed about politics in the past that you would be more of a Trump guy.
-
I couldn't be more happy with him. I would have thought as much as you and I have agreed about politics in the past that you would be more of a Trump guy.
I agree with certain things, but I don't like the way he presents anything. He comes across as a con-man and if things don't go his way, he goes on Twitter rants.
I've said it many times, you can not dictate policy in 140 characters.
It's delivery in a lot of ways with me. How you handle adversity.
You must admit he doesn't handle it very well. Sometimes he comes across as very immature for a person of his age. If you or I threw temper tantrums when we didn't get our way, we would be laughed at consistently. That's really where a lot of my issue with him is.
-
I agree with certain things, but I don't like the way he presents anything. He comes across as a con-man and if things don't go his way, he goes on Twitter rants.
I've said it many times, you can not dictate policy in 140 characters.
It's delivery in a lot of ways with me. How you handle adversity.
You must admit he doesn't handle it very well. Sometimes he comes across as very immature for a person of his age. If you or I threw temper tantrums when we didn't get our way, we would be laughed at consistently. That's really where a lot of my issue with him is.
I guess it's just perspective, I take it more as a troll job (and usually like it) but maybe you're right.
-
I guess it's just perspective, I take it more as a troll job (and usually like it) but maybe you're right.
Trolls are fine in message boards. They are cool around here and it doesn't bother me, but the POTUS really does have to remain a little more rational when things don't work.
His tweet storms are getting old. Every time something doesn't go right, go stare at twitter for a few minutes, we'll get something.
-
His immaturity and lack of focus and discipline is really pissing me off.
You and a lot of other people are getting pissed off (disenchanted) with Trump. It is inevitable this would happen. This week he's bottomed out (f.u.c.k.e.d himself) more than ever.
-
You and a lot of other people are getting pissed off (disenchanted) with Trump. It is inevitable this would happen. This week he's bottomed out (f.u.c.k.e.d himself) more than ever.
He did? Or did Congress do that?
I haven't jumped off of Trump at all. Because I know what the outcome would have been for the 20+ other presidential candidates (except maybe Cruz)
-
He did? Or did Congress do that?
I haven't jumped off of Trump at all. Because I know what the outcome would have been for the 20+ other presidential candidates (except maybe Cruz)
A president is completely impotent without Congressional support. The GOP is jumping the ship now that it is clear it is sinking.
-
A president is completely impotent without Congressional support. The GOP is jumping the ship now that it is clear it is sinking.
When were they on board?
-
Fake news. No way would he do this. Maybe over 250 for single and 500k over for couple will be the lowest.
-
Maybe 240 was right all this time
Who is The Heel and who is The Face?
-
Fake news. No way would he do this.
You would think not right?
-
You would think not right?
Yes I would bet on it.
-
He did? Or did Congress do that?
I haven't jumped off of Trump at all. Because I know what the outcome would have been for the 20+ other presidential candidates (except maybe Cruz)
Yep. Still by far the better option over every other viable candidate besides Cruz.
My guess is that those like Prime, Grasping, etc. don't understand that you can criticize and don't have to follow your "leaders" blindly/agree with them on everything.
-
http://www.latimes.com/business/la-fi-trump-tax-california-20170927-story.html
This idiotic tax plan does jack shit for people living in places like California, NY, etc. What a waste.
-
http://www.latimes.com/business/la-fi-trump-tax-california-20170927-story.html
This idiotic tax plan does jack shit for people living in places like California, NY, etc. What a waste.
It's going to take a lot more than a tax plan to help those assholes
-
It's going to take a lot more than a tax plan to help those assholes
I agree just posting out of self interest. This doesn't do a damn thing for people like myself - same w the garbage ObamaCare repeal plan they wanted
The republicans suck almost as bad as the Dems
-
Not quite sure what everyone is looking for. No tax code that anybody will put together will be perfect the only thing that's perfect about this is that it's way better than what Obama had
-
Assuming Repubs can actually manage to pass any legislation my only question will be how will they blame the Dems when the tax cuts lead to lower revenue (hence greater deficits) with no increase in jobs.
Never forget that increase in jobs is always the PHONY sales pitch that Repubs bring up when they want to cut taxes and it's never worked (just ask the business owners in Kansas who explicitly said that giving them lower taxes didn't prompt them to create jobs because lower taxes don't created more demand for their goods/services)
So again, my only question will be how the Repubs will find a way to blame the Dems (and they will) when their tax cuts fail to deliver what they promised
-
Repubs are looking out for the middle class by proposing to get rid of the deduction for property taxes
Property taxes are really high in Texas too (higher % of property value than California)
http://www.foxnews.com/politics/2017/09/28/republican-call-to-strip-property-tax-deduction-spurs-outcry-from-blue-states.html
-
Repubs are looking out for the middle class by proposing to get rid of the deduction for property taxes
Property taxes are really high in Texas too (higher % of property value than California)
http://www.foxnews.com/politics/2017/09/28/republican-call-to-strip-property-tax-deduction-spurs-outcry-from-blue-states.html
Fuck off you commie bastard
-
Fuck off you commie bastard
LOL
I can see your titties jiggling as you scream that at your computer
I own real estate so that makes me a pretty lousy communist
how about you comrade
still dreaming of maybe owing a double wide someday (of course that doesn't actually count as real estate)
-
Not quite sure what everyone is looking for. No tax code that anybody will put together will be perfect the only thing that's perfect about this is that it's way better than what Obama had
Please explain.
-
Please explain.
I wasn't even going to bother asking for an explanation
the only tax increase that Obama did for individuals was for some people via Obamacare penalty and and a 3.8 percent surtax on investment income for high earners
Other than that Obama actually temporarily lowered payroll taxes (during the early part of the recession) and then made the Bush tax cuts permanent except individuals making $400,000 a year or more and married filers earning $450,000 or more (about 1% of tax payers and almost certainly 0% of phony coaches)
-
Not quite sure what everyone is looking for. No tax code that anybody will put together will be perfect the only thing that's perfect about this is that it's way better than what Obama had
My god, you'll eat shit and chug sperm if someone tells you it's not Obama's shit and sperm, won't you, you blind, partisan fool?
-
I wasn't even going to bother asking for an explanation
the only tax increase that Obama did for individuals was for some people via Obamacare penalty and and a 3.8 percent surtax on investment income for high earners
Other than that Obama actually temporarily lowered payroll taxes (during the early part of the recession) and then made the Bush tax cuts permanent except individuals making $400,000 a year or more and married filers earning $450,000 or more (about 1% of tax payers and almost certainly 0% of phony coaches)
fuck off you braindead commie idiot
-
IMHO everyone who is paying taxes is getting raped at all levels. I want to see everyone get a massive cut wherever they are located. ;)
-
fuck off you braindead commie idiot
says the child who can't address or respond do any of the facts I just listed
btw - you're the self admitted Putin/Commie lover so whats with the commie comment
are you trying to come on to me you fucking queer
-
My god, you'll eat shit and chug sperm if someone tells you it's not Obama's shit and sperm, won't you, you blind, partisan fool?
Yeah, because everyone wants a mandated blackmail (tax, fine or whatever you want to call it). ::)
-
Trump's tax plan is ALREADY in trouble with his own party as plan to axe state(T)
dailymail.co.uk ^ | 9/29/2017 | David Martosko
Posted on 9/29/2017, 12:59:24 PM by rktman
As President Trump prepares to sell his tax plan to the nation's manufacturing lobby on Friday, his best-laid tax plans have already drawn objections from some fellow Republicans who are fuming over the decision to end deductions for state and local income taxes.
The situation will pit the White House against members of Congress from states that pile high income taxes on top of what the federal government takes from paychecks.
High-income Californians, for instance, pay as much as 13.3 per cent of their income to the state in addition to their federal taxes. New Yorkers can pay up to 8.82 per cent.
Just seven U.S. states have no personal income taxes, including Texas, Florida and Nevada
(Excerpt) Read more at dailymail.co.uk ...
-
Trump's tax plan is ALREADY in trouble with his own party as plan to axe state(T)
dailymail.co.uk ^ | 9/29/2017 | David Martosko
Posted on 9/29/2017, 12:59:24 PM by rktman
As President Trump prepares to sell his tax plan to the nation's manufacturing lobby on Friday, his best-laid tax plans have already drawn objections from some fellow Republicans who are fuming over the decision to end deductions for state and local income taxes.
The situation will pit the White House against members of Congress from states that pile high income taxes on top of what the federal government takes from paychecks.
High-income Californians, for instance, pay as much as 13.3 per cent of their income to the state in addition to their federal taxes. New Yorkers can pay up to 8.82 per cent.
Just seven U.S. states have no personal income taxes, including Texas, Florida and Nevada
(Excerpt) Read more at dailymail.co.uk ...
It also removes the deductibility of property taxes and that big red state in the middle of the country has one of the highest property tax rates in the nation (much higher than CA)
the Trump plan also proposes to raise the lowest income bracket from 10% to 12% (thus a 20% tax increase for your average low income Trumptard)
-
It also removes the deductibility of property taxes and that big red state in the middle of the country has one of the highest property tax rates in the nation (much higher than CA)
the Trump plan also proposes to raise the lowest income bracket from 10% to 12% (thus a 20% tax increase for your average low income Trumptard)
Like I said - just out of personal interest - this plan doesnt do shit for people like me.
-
Like I said - just out of personal interest - this plan doesnt do shit for people like me.
They also want to get rid of the estate tax
I'm sure this will benefit most of the posters on this board
It definitely doesn't benefit the Trump family
http://www.politifact.com/truth-o-meter/statements/2017/sep/28/donald-trump/donald-trumps-pants-fire-claim-about-estate-tax-sm/
-
Like I said - just out of personal interest - this plan doesnt do shit for people like me.
doesn't do shit = totally fucks you
If they have their way you will no longer be able to write off your property tax or state income tax (you'll effectively be paying taxes on taxes) and of course raising the lowest tax bracket will effect everyone as well
-
Drudge rips Trump tax plan: Difference between Dems and GOP is an 'illusion'
The Hill ^
Posted on 9/27/2017, 3:58:39 PM
Drudge rips Trump tax plan: Difference between Dems and GOP is an 'illusion'
By Josh Delk - 09/27/17 12:16 PM EDT
The Drudge Report's Matt Drudge sent out a rare tweet Wednesday morning criticizing the GOP for making concessions to Democrats on taxes and health care, saying there is no longer an "illusion" of difference between the two major parties.
"First keep Obamacare, now raise taxes on top earners? At least illusion there is difference between parties is finished once and for all!" Drudge said, taking aim at proposals in the new GOP tax plan.
The website also led with a scathing headline: "More Betrayal Republican Plan to Raise Taxes."
Republicans Wednesday unveiled their framework for a major tax overhaul, which includes big cuts to corporate taxes and lowering individual tax rates, and completely nixing the estate tax.
But the plan also says that "an additional top rate may apply to the highest-income taxpayers to ensure that the reformed tax code is at least as progressive" as the current one.
It also would raise the lowest individual tax bracket from 10 to 12 percent, while nearly doubling the standard tax deduction.
Drudge's tweet also bashes Republicans for another recent failure at repealing ObamaCare, a major GOP campaign platform, with party leaders in Congress deciding not to vote on the latest bill proposed by Sens. Lindsey Graham (R-S.C.) and Bill Cassidy (R-La.).
(Excerpt) Read more at thehill.com ...
-
I agree just posting out of self interest. This doesn't do a damn thing for people like myself - same w the garbage ObamaCare repeal plan they wanted
The republicans suck almost as bad as the Dems
How do you know the present tax revision proposal being discussed won't affect you? I read in today's Oregonian that the tax plan/cut will not help middle income earners who have children. It will benefit single filers with no children and of course it cuts income taxes for the wealthy, including inheritance tax. Frankly, the whole business is confusing, but then income tax is about as clear as mud.
As for cutting out inheritance tax, this only affects really large inheritances. Before levying an inheritance tax, the IRS lets a portion of a person's estate go without being taxed at all. As of 2014, the exclusion is $5.34 million. This means that if someone dies and leaves you an entire estate worth $5.33 million, the estate will owe exactly nothing in inheritance tax.
-
How do you know the present tax revision proposal being discussed won't affect you? I read in today's Oregonian that the tax plan/cut will not help middle income earners who have children. It will benefit single filers with no children and of course it cuts income taxes for the wealthy, including inheritance tax. Frankly, the whole business is confusing, but then income tax is about as clear as mud.
As for cutting out inheritance tax, this only affects really large inheritances. Before levying an inheritance tax, the IRS lets a portion of a person's estate go without being taxed at all. As of 2014, the exclusion is $5.34 million. This means that if someone dies and leaves you an entire estate worth $5.33 million, the estate will owe exactly nothing in inheritance tax.
It would cost me more. A lot more
-
I'm not going to lie. It's a pretty lousy tax plan considering they have both houses and executive.
-
I'm not going to lie. It's a pretty lousy tax plan considering they have both houses and executive.
This is Trump's tax plan. They isn't Trump.
-
It would cost me more. A lot more
Yup! This seems to be the way it works with taxes. Most of us end up paying more and more taxes, be it income tax, property tax, or fees.
In Oregon, there is a property tax limitation, Measure 5, which is supposed to limit property tax increases to 6 percent per year (when was the last time CPI was 6%?). I live in an affluent neighborhood which regularly votes for property tax increases, despite measure 5 limitations and wins. Our schools are among two of the best funded in Oregon. The "benefits" of living here which are not taxed are paid for with fees. For example, the water bill includes parks and street maintenance. The portion of the bill that actually covers water usage is almost insignificant. We are a suburb of Portland with a lot of parks.
It's not all bad. West Linn police protection is so comprehensive that it rivals paid private security. It's like I can't flick a booger into the street without a cop appearing out of nowhere to give me a ticket for littering. If a panhandler shows up to beg money, they vanish within minutes. The West Linn police once followed me into my driveway to let me know one of my tail lights was out....guess I should have been grateful that they noticed. ::)
We pay taxes for services, whether we believe we need them or not. It's the American way! "All for one and one for all."
-
I don't begrudge the "rich" their money. Tax plan should be the same for everyone. Don't take to give to me. Not going to help the economy at all if that is what the point is. Just more redistribution.
-
I'm not going to lie. It's a pretty lousy tax plan considering they have both houses and executive.
makes you think they don't want tax cuts... especially for businesses.
-
makes you think they don't want tax cuts... especially for businesses.
I call it like I see it. I'm not a fanboy for any politician. This tax plan doesnt do shit for a ton of people. If you take away deductions, and lower the rates - all you are doing is really shuffling the deck chairs into different places.
If they want to say they are simplying the tax code - thats one thing - but it wont result in any more money in peoples pockets for most.
-
Yeah, because everyone wants a mandated blackmail (tax, fine or whatever you want to call it). ::)
You missed the point. I don’t like Obamacare and I think the law ought to be changed (although I am not sure how it should be changed and what the end result should look like).
The point was that you are completely non-objective and incapable of evaluating reality. The point was that if Trump said “open wide, midget. I want to shit in your mouth” you’d open wide and willingly serve as Trump’s toilet because you hate Obama. And you’d call it a steak too.
The rest of us—who are sane and not blind partisan fools—won’t blindly take anyone’s shit.
-
You missed the point. I don’t like Obamacare and I think the law ought to be changed (although I am not sure how it should be changed and what the end result should look like).
The point was that you are completely non-objective and incapable of evaluating reality. The point was that if Trump said “open wide, midget. I want to shit in your mouth” you’d open wide and willingly serve as Trump’s toilet because you hate Obama. And you’d call it a steak too.
The rest of us—who are sane and not blind partisan fools—won’t blindly take anyone’s shit.
Well, it would be one thing if there was some partisanship to be had but there isn't and yes, you'd have be deaf dumb and blind to think otherwise. I never said, not once did I say this was perfect. I believe what I said was "no tax reform will be perfect no matter who writes it, but anything is better than Obamacare". The ONLY thing that made sense was the precondition other than that, it was a blatant outright lie.
The left are proven outright liars extremely divisive and shouldn't be trusted with anything. They're not democrats or liberals, now their marxists and communists and they don't even deny it. If you can't see that there is very little critical thinking when it comes to figuring these people it is black and white because they're so damn predictable.
-
Am I paying more or less?
Simple as that.
-
Am I paying more or less?
Simple as that.
Sounds like overall we'll be paying less. We'll find out when the final product is done.
-
Sounds like overall we'll be paying less. We'll find out when the final product is done.
If you live in NY, CA, NJ, MA , TX, MA, or a lot of places - we are going to get killed in higher taxes. A ton more!!!
-
If you live in NY, CA, NJ, MA , TX, MA, or a lot of places - we are going to get killed in higher taxes. A ton more!!!
Definitely nailing the blue states. TX is a surprise if true
-
Definitely nailing the blue states. TX is a surprise if true
But why should anyone be nailed over politics?
We are all citizens - tons and tons and tons of people in CA and NYS voted for Trump - like I did - so why should we , you or I, get FUCKED!! w tax increases!!!
BS.
This is yet another scam going nowhere like the ridiculous obamacare real effort. Trump has ZERO plans or ideas - leaving up to losers in the House and Senate, good luck Trump - you are going to get nothing in the end.
What a complete waste.
-
But why should anyone be nailed over politics?
We are all citizens - tons and tons and tons of people in CA and NYS voted for Trump - like I did - so why should we , you or I, get FUCKED!! w tax increases!!!
BS.
This is yet another scam going nowhere like the ridiculous obamacare real effort. Trump has ZERO plans or ideas - leaving up to losers in the House and Senate, good luck Trump - you are going to get nothing in the end.
What a complete waste.
Trump has few, if any "friends" in the House or the Senate. Without their support, he'll accomplish nothing. -No health care repeal, no new tax plan.
-
Well, it would be one thing if there was some partisanship to be had but there isn't and yes, you'd have be deaf dumb and blind to think otherwise. I never said, not once did I say this was perfect. I believe what I said was "no tax reform will be perfect no matter who writes it, but anything is better than Obamacare". The ONLY thing that made sense was the precondition other than that, it was a blatant outright lie.
The left are proven outright liars extremely divisive and shouldn't be trusted with anything. They're not democrats or liberals, now their marxists and communists and they don't even deny it. If you can't see that there is very little critical thinking when it comes to figuring these people it is black and white because they're so damn predictable.
Both sides serve you the same shit. You just eat one side’s shit and call it steak, while complaining about the other. It’s not even about ideas.
Obama could have been (but, obviously, wasn’t) the best President we’d ever seen and you’d have kept up your incessant Kenyan birtherism nonsense and anti-Obama rhetoric. Because you don’t look at reality; you look at the party label.
And because of the party label, and his populist appeal, you see a glowing messianic figure in the face of Trump, regardless of the reality.
Trump has turned out (perhaps surprisingly, perhaps not) to be an abject failure. He brilliantly ripped up the playbook and crushed the field of competitors in the primary with the kind of political chess we hadn’t seen before. He then beat up on a dead horse to win the Presidency.
And since then, he’s made mistake after mistake at every turn. Everything he criticized Obama for, he’s done. High-level positions in the executive branch are unfilled. He’s hired incompetent people and fired competent people because that’s how he felt (which is his prerogative, but a stupid move nonetheless). He’s demonstrated almost pathological nepotism and narcissism. He’s demonstrated poor grasp of internal and external politics and an almost complete inability to focus on anything for more than a microsecond. He’s wasted hours “tweeting” about nonsense from Emmy ratings to Colin Kaepernick. He hasn’t managed to marshal his considerable political capital into passage of a single bill. He’s cried that bad people attack him, while launching vicious attacks of his own against those who don’t kiss his ring. And, throughout all this, he’s availed himself of every opportunity to tell us how very very great job he’s doing and how it’s the best and we’ll only get better.
I had hoped that the gravity of the situation would become obvious to him. That the weight of the office would drive him to do better and work harder and stop with the theatrics. It hasn’t happened. I doubt it ever will.
Trump promised us we’d be sick of winning. I’m not sure if this is winning, but whatever it is, I am sick of it.
-
Trump has few, if any "friends" in the House or the Senate. Without their support, he'll accomplish nothing. -No health care repeal, no new tax plan.
I call it like I see it. He seems lazy in terms of this. He has no plans and leaves it up to themosers in the congress. No wonder we are so screwed and nothing positive going to happen
-
I call it like I see it. He seems lazy in terms of this. He has no plans and leaves it up to themosers in the congress. No wonder we are so screwed and nothing positive going to happen
You can catch Trump in Bedminster this weekend, if you missed him the six other weekends he's been at the Trump National Golf Club golfing.
-
doesn't do shit = totally fucks you
If they have their way you will no longer be able to write off your property tax or state income tax (you'll effectively be paying taxes on taxes) and of course raising the lowest tax bracket will effect everyone as well
You shouldn't be able to write off your state income tax, i posted about this a few months ago.
The states that dont have income tax subidize the states that do. Your federal income tax payment is less b/c your state taxes you first. That's bull shit I dont benefit from that and pay a higher amount federally for shit you do benefit from.
Realistically the removal of the SALT provision will hit higher income earners more than lower. You know the people your and the dems are always saying need to pay their fair share?
Come on straw, time to put up or shut up...
-
You can catch Trump in Bedminster this weekend, if you missed him the six other weekends he's been at the Trump National Golf Club golfing.
Good, he's got more done with less staff in 9 months than Obama has in his ENTIRE political career.
-
Good, he's got more done with less staff in 9 months than Obama has in his ENTIRE political career.
Seriously, wtf is wrong with you?
-
You shouldn't be able to write off your state income tax, i posted about this a few months ago.
The states that dont have income tax subidize the states that do. Your federal income tax payment is less b/c your state taxes you first. That's bull shit I dont benefit from that and pay a higher amount federally for shit you do benefit from.
Realistically the removal of the SALT provision will hit higher income earners more than lower. You know the people your and the dems are always saying need to pay their fair share?
Come on straw, time to put up or shut up...
The fairest income tax plan is one where everyone pays the same rate and there are no deductions. I don't see this ever happening. Among other things, it would put a whole lot of people out of work, such as, anyone working for the IRS, tax preparers and tax attorneys. It also would be one less item Congress that can't get done. Since VA disability benefits, welfare are not taxed. Social Security as a sole source of income is not taxed. People at the poverty level would catch a break.
-
Seriously, wtf is wrong with you?
Coach wears blinders.
-
This fucking jerk-off is passing the bill to the likes of me.
I'm beginning to dislike this shit head.
-
You shouldn't be able to write off your state income tax, i posted about this a few months ago.
The states that dont have income tax subidize the states that do. Your federal income tax payment is less b/c your state taxes you first. That's bull shit I dont benefit from that and pay a higher amount federally for shit you do benefit from.
Realistically the removal of the SALT provision will hit higher income earners more than lower. You know the people your and the dems are always saying need to pay their fair share?
Come on straw, time to put up or shut up...
taxes paid is a legitimate and justified deduction
no state is subsidizing CA due to our income tax
The states with no income tax just raise the money in different ways (such as Texas who has much higher property tax rates than CA)
-
Good, he's got more done with less staff in 9 months than Obama has in his ENTIRE political career.
As I said. You're a blindered, partisan fool.
-
taxes paid is a legitimate and justified deduction
no state is subsidizing CA due to our income tax
The states with no income tax just raise the money in different ways (such as Texas who has much higher property tax rates than CA)
Actually we do...
Property tax does not adjust with income it adjust with property value and is regressive in taxation...you know one of those things liberals are always saying they disagree with?
Which is exactly why removing the SALT provision would hit high income earners more and be inline with your progressive views.
It's amazing how fast you're willing to push your political views aside when it costs you more money.
-
https://www.washingtonpost.com/graphics/2017/politics/tax-breaks/?utm_term=.f01ea6717d81
At $200K plus SALT deductions are the biggest deductions on taxes...time to pay your fair share straw
-
It's amazing how fast you're willing to push your political views aside when it costs you more money.
That's pretty much the case with everyone, me included.
-
Actually we do...
Property tax does not adjust with income it adjust with property value and is regressive in taxation...you know one of those things liberals are always saying they disagree with?
Which is exactly why removing the SALT provision would hit high income earners more and be inline with your progressive views.
It's amazing how fast you're willing to push your political views aside when it costs you more money.
Don't forget property taxes
those are deducted as well and Trump wants to get rid of that deduction
Your state has higher % property taxes than most other states the country
So by your logic the entire country is subsidizing home ownership in Texas
Does CA received more federal dollars than it pays in taxes.
That's the bottom line
-
I thought Trump was the anti-tax guy?
>:(
Nah, just anti showing his tax returns
-
Both sides serve you the same shit. You just eat one side’s shit and call it steak, while complaining about the other. It’s not even about ideas.
Obama could have been (but, obviously, wasn’t) the best President we’d ever seen and you’d have kept up your incessant Kenyan birtherism nonsense and anti-Obama rhetoric. Because you don’t look at reality; you look at the party label.
And because of the party label, and his populist appeal, you see a glowing messianic figure in the face of Trump, regardless of the reality.
Trump has turned out (perhaps surprisingly, perhaps not) to be an abject failure. He brilliantly ripped up the playbook and crushed the field of competitors in the primary with the kind of political chess we hadn’t seen before. He then beat up on a dead horse to win the Presidency.
And since then, he’s made mistake after mistake at every turn. Everything he criticized Obama for, he’s done. High-level positions in the executive branch are unfilled. He’s hired incompetent people and fired competent people because that’s how he felt (which is his prerogative, but a stupid move nonetheless). He’s demonstrated almost pathological nepotism and narcissism. He’s demonstrated poor grasp of internal and external politics and an almost complete inability to focus on anything for more than a microsecond. He’s wasted hours “tweeting” about nonsense from Emmy ratings to Colin Kaepernick. He hasn’t managed to marshal his considerable political capital into passage of a single bill. He’s cried that bad people attack him, while launching vicious attacks of his own against those who don’t kiss his ring. And, throughout all this, he’s availed himself of every opportunity to tell us how very very great job he’s doing and how it’s the best and we’ll only get better.
I had hoped that the gravity of the situation would become obvious to him. That the weight of the office would drive him to do better and work harder and stop with the theatrics. It hasn’t happened. I doubt it ever will.
Trump promised us we’d be sick of winning. I’m not sure if this is winning, but whatever it is, I am sick of it.
I'm probably going to plagiarize some of this at some point..
-
Don't forget property taxes
those are deducted as well and Trump wants to get rid of that deduction
Your state has higher % property taxes than most other states the country
So by your logic the entire country is subsidizing home ownership in Texas
Does CA received more federal dollars than it pays in taxes.
That's the bottom line
No youre not b/c we are paying more in federal income tax relative to our income, especially the high income earners.
Property tax deductions is an important factor in making homes more affordable to the middle class. The SALT deduction primarily helps the upper middle class and upper class.
Why are you trying to protect the upper class straw?
Why are you against paying your fair share in taxes?
-
https://en.m.wikipedia.org/wiki/Federal_tax_revenue_by_state
Notice how in 2015, Texas paid a greater % of their Gross State Product (GSP) than California did, 17.1% vs 16.6%...
Why are you against this straw? It would mainly hit the upper class, you know the guys you have been saying for years need to pay their fair share?
-
https://en.m.wikipedia.org/wiki/Federal_tax_revenue_by_state
Notice how in 2015, Texas paid a greater % of their Gross State Product (GSP) than California did, 17.1% vs 16.6%...
Why are you against this straw? It would mainly hit the upper class, you know the guys you have been saying for years need to pay their fair share?
what % of total population in Texas own their home compared to California
both property taxes and state income taxes are deducted on Federal Tax return so the "effect" is the same
all that matters is net dollars paid out vs net dollars received (hint - both CA and TX pay out more than they received back)
-
what % of total population in Texas own their home compared to California
both property taxes and state income taxes are deducted on Federal Tax return so the "effect" is the same
all that matters is net dollars paid out vs net dollars received (hint - both CA and TX pay out more than they received back)
Lmfao no thats not all that matters, you think its ok for your tax payers to pay less to the federal govt than other states b/c it has a better economy?
That's very liberal of you straw, most of the time youre advocating for helping those less fortunate but i guess its different now that you have to actually put up or shut up?
yes straw the effect is the same for property taxes and SALT but SALT has a much bigger impact on federal income tax revenue missed out on b/c of those high income earners youre trying to protect. Add to that property tax deductions actually make home ownership more affordable for the low and middle class and you have a very easy answer.
SALT deductions help high income earners disproportionately when compared to property tax deductions.
-
Lmfao no thats not all that matters, you think its ok for your tax payers to pay less to the federal govt than other states b/c it has a better economy?
That's very liberal of you straw, most of the time youre advocating for helping those less fortunate but i guess its different now that you have to actually put up or shut up?
yes straw the effect is the same for property taxes and SALT but SALT has a much bigger impact on federal income tax revenue missed out on b/c of those high income earners youre trying to protect. Add to that property tax deductions actually make home ownership more affordable for the low and middle class and you have a very easy answer.
SALT deductions help high income earners disproportionately when compared to property tax deductions.
wtf - when did I mention "better economy"
My inference was to the affordability of housing
I assumed you realized that both property tax and state income tax are itemized deductions
-
Both sides serve you the same shit. You just eat one side’s shit and call it steak, while complaining about the other. It’s not even about ideas.
Obama could have been (but, obviously, wasn’t) the best President we’d ever seen and you’d have kept up your incessant Kenyan birtherism nonsense and anti-Obama rhetoric. Because you don’t look at reality; you look at the party label.
And because of the party label, and his populist appeal, you see a glowing messianic figure in the face of Trump, regardless of the reality.
Trump has turned out (perhaps surprisingly, perhaps not) to be an abject failure. He brilliantly ripped up the playbook and crushed the field of competitors in the primary with the kind of political chess we hadn’t seen before. He then beat up on a dead horse to win the Presidency.
And since then, he’s made mistake after mistake at every turn. Everything he criticized Obama for, he’s done. High-level positions in the executive branch are unfilled. He’s hired incompetent people and fired competent people because that’s how he felt (which is his prerogative, but a stupid move nonetheless). He’s demonstrated almost pathological nepotism and narcissism. He’s demonstrated poor grasp of internal and external politics and an almost complete inability to focus on anything for more than a microsecond. He’s wasted hours “tweeting” about nonsense from Emmy ratings to Colin Kaepernick. He hasn’t managed to marshal his considerable political capital into passage of a single bill. He’s cried that bad people attack him, while launching vicious attacks of his own against those who don’t kiss his ring. And, throughout all this, he’s availed himself of every opportunity to tell us how very very great job he’s doing and how it’s the best and we’ll only get better.
I had hoped that the gravity of the situation would become obvious to him. That the weight of the office would drive him to do better and work harder and stop with the theatrics. It hasn’t happened. I doubt it ever will.
Trump promised us we’d be sick of winning. I’m not sure if this is winning, but whatever it is, I am sick of it.
You sound butt hurt because if you bothered to even keep up a little you would see that the abject failure was actually Obama and at just about every turn Trump, even without a full administration would see that this country has turned for the better in the last 10 months than Obama did in his 8 years. Labor participation, 4000 + point increase in the markets since inauguration, 1mil + jobs, corporations coming back to the US, Immigration, foreign policy, economy, GDP, etc etc all dramatically improved since Obama. Could he do somethings better. Of course. Abject failure, spare me your bullshit.
-
You sound butt hurt because if you bothered to even keep up a little you would see that the abject failure was actually Obama and at just about every turn Trump, even without a full administration would see that this country has turned for the better in the last 10 months than Obama did in his 8 years. Labor participation, 4000 + point increase in the markets since inauguration, 1mil + jobs, corporations coming back to the US, Immigration, foreign policy, economy, GDP, etc etc all dramatically improved since Obama. Could he do somethings better. Of course. Abject failure, spare me your bullshit.
Wow...just...wow,, Like listening to a Rev. Phelps relative talking about religion
-
Wow...just...wow,, Like listening to a Rev. Phelps relative talking about religion
I know, you have to wonder where Coach gets his info. Nothing I've seen, read or heard supports Coach's position on Trump's supposed accomplishments.
-
You sound butt hurt because if you bothered to even keep up a little you would see that the abject failure was actually Obama and at just about every turn Trump, even without a full administration would see that this country has turned for the better in the last 10 months than Obama did in his 8 years. Labor participation, 4000 + point increase in the markets since inauguration, 1mil + jobs, corporations coming back to the US, Immigration, foreign policy, economy, GDP, etc etc all dramatically improved since Obama. Could he do somethings better. Of course. Abject failure, spare me your bullshit.
There you go again whining about Obama. I never said Obama was a successful President. Quite the opposite, in fact. But you can’t resist making everything about Obama, can you?
I remember what you and your ilk said whenever any Democrat said “It’s W’s fault” in response to criticism. And now you’re doing the same thing.
Enough with Obama already. We’re over 9 months into the Trump presidency. And yes, whether you like it or not, so far he’s been an abject failure.
The great deal maker hasn’t managed to cut a deal to pass a single piece of legislation despite having majorities in both Houses of Congress. Wait... let me guess... it’s everyone else’s fault! That’s success!
The candidate who said only he could fix healthcare and it was simple quipped that this stuff is hard and who knew that? That’s success!
The candidate the complained about Obama’s golfing habits and his tone deaf “tee time” responses to situations has spent more time at the golf course than Obama and dedicated a golf trophy to the people of Puerto Rico who are, by all accounts, in a desperate situation. That’s success!
The man who told us he’d pick a great to surround himself with has yet to fill a ton of positions, and of the ones he’s filled with “great people”... well, turns out he’s had to fire a few. That’s success!
The head of the executive department chastises the Secretary of State over Twitter to ignore a nuclear North Korea and not waste time on it, while incessantly tweeting about how fucking great he is and the low tv ratings of his opponents or the fake news or that blue fucking car that drove by and caught his attention. That’s success.
Have some key indicators moved positive? Certainly, although not all have moved as dramatically as you suggest nor is it clear that the move is related to anything Trump did or said instead of just cyclical in nature. And if you’re going to claim victory for the indicators that are trending up, why are you ignoring indicators trending down? Let me guess... Obama’s fault, ain’t it?
Joe, you are a small-minded fool, who gets a set of talking points from your taskmasters that you then proceed to regurgitate whole, having given them not a single thought. You’ve abdicated your obligation to your country and to reality to critically evaluate information (if you were ever capable to do so) and are nothing more than an unintelligent mouthpiece and a pretty shitty one at that.
You—and the rest of your brothers and sisters from both sides of the aisle—disgust me.
-
wtf - when did I mention "better economy"
My inference was to the affordability of housing
I assumed you realized that both property tax and state income tax are itemized deductions
Are you inferring that the property tax deduction makes home ownership more affordable?
B/c it does along with the mortgage interest deduction, what doesn't help the middle class as much is the SALT deduction....that helps the upper middle class and upper class.
Why would you try to protect the people you have been trying to tax for years?
-
There you go again whining about Obama. I never said Obama was a successful President. Quite the opposite, in fact. But you can’t resist making everything about Obama, can you?
I remember what you and your ilk said whenever any Democrat said “It’s W’s fault” in response to criticism. And now you’re doing the same thing.
Enough with Obama already. We’re over 9 months into the Trump presidency. And yes, whether you like it or not, so far he’s been an abject failure.
The great deal maker hasn’t managed to cut a deal to pass a single piece of legislation despite having majorities in both Houses of Congress. Wait... let me guess... it’s everyone else’s fault! That’s success!
The candidate who said only he could fix healthcare and it was simple quipped that this stuff is hard and who knew that? That’s success!
The candidate the complained about Obama’s golfing habits and his tone deaf “tee time” responses to situations has spent more time at the golf course than Obama and dedicated a golf trophy to the people of Puerto Rico who are, by all accounts, in a desperate situation. That’s success!
The man who told us he’d pick a great to surround himself with has yet to fill a ton of positions, and of the ones he’s filled with “great people”... well, turns out he’s had to fire a few. That’s success!
The head of the executive department chastises the Secretary of State over Twitter to ignore a nuclear North Korea and not waste time on it, while incessantly tweeting about how fucking great he is and the low tv ratings of his opponents or the fake news or that blue fucking car that drove by and caught his attention. That’s success.
Have some key indicators moved positive? Certainly, although not all have moved as dramatically as you suggest nor is it clear that the move is related to anything Trump did or said instead of just cyclical in nature. And if you’re going to claim victory for the indicators that are trending up, why are you ignoring indicators trending down? Let me guess... Obama’s fault, ain’t it?
Joe, you are a small-minded fool, who gets a set of talking points from your taskmasters that you then proceed to regurgitate whole, having given them not a single thought. You’ve abdicated your obligation to your country and to reality to critically evaluate information (if you were ever capable to do so) and are nothing more than an unintelligent mouthpiece and a pretty shitty one at that.
You—and the rest of your brothers and sisters from both sides of the aisle—disgust me.
sadly true
-
There you go again whining about Obama. I never said Obama was a successful President. Quite the opposite, in fact. But you can’t resist making everything about Obama, can you?
I remember what you and your ilk said whenever any Democrat said “It’s W’s fault” in response to criticism. And now you’re doing the same thing.
Enough with Obama already. We’re over 9 months into the Trump presidency. And yes, whether you like it or not, so far he’s been an abject failure.
The great deal maker hasn’t managed to cut a deal to pass a single piece of legislation despite having majorities in both Houses of Congress. Wait... let me guess... it’s everyone else’s fault! That’s success!
The candidate who said only he could fix healthcare and it was simple quipped that this stuff is hard and who knew that? That’s success!
The candidate the complained about Obama’s golfing habits and his tone deaf “tee time” responses to situations has spent more time at the golf course than Obama and dedicated a golf trophy to the people of Puerto Rico who are, by all accounts, in a desperate situation. That’s success!
The man who told us he’d pick a great to surround himself with has yet to fill a ton of positions, and of the ones he’s filled with “great people”... well, turns out he’s had to fire a few. That’s success!
The head of the executive department chastises the Secretary of State over Twitter to ignore a nuclear North Korea and not waste time on it, while incessantly tweeting about how fucking great he is and the low tv ratings of his opponents or the fake news or that blue fucking car that drove by and caught his attention. That’s success.
Have some key indicators moved positive? Certainly, although not all have moved as dramatically as you suggest nor is it clear that the move is related to anything Trump did or said instead of just cyclical in nature. And if you’re going to claim victory for the indicators that are trending up, why are you ignoring indicators trending down? Let me guess... Obama’s fault, ain’t it?
Joe, you are a small-minded fool, who gets a set of talking points from your taskmasters that you then proceed to regurgitate whole, having given them not a single thought. You’ve abdicated your obligation to your country and to reality to critically evaluate information (if you were ever capable to do so) and are nothing more than an unintelligent mouthpiece and a pretty shitty one at that.
You—and the rest of your brothers and sisters from both sides of the aisle—disgust me.
When I have time (as much time as you) this will be an easy post to dismember since, and as articulate as you are, are mostly wrong on just about everything.
-
When I have time (as much time as you) this will be an easy post to dismember since, and as articulate as you are, are mostly wrong on just about everything.
except, and this is just a small detail,, he's not
-
Are you inferring that the property tax deduction makes home ownership more affordable?
B/c it does along with the mortgage interest deduction, what doesn't help the middle class as much is the SALT deduction....that helps the upper middle class and upper class.
Why would you try to protect the people you have been trying to tax for years?
No
I'm referring to YOUR PREMISE that CA taxpayers are being subsidized by other states because we can write off our state income tax on federal return
I assume you understand that unless you itemize you're not writing off the state income tax ....You know that right?
Only about 30% of households even choose to itemize.
If you own a home it's much more likely that you will itemize because you get to write off mortgage interest AND property tax
So, if you have a state with very high property tax (such as Texas) where homes are more affordable then the people in your state are also being subsidized (your premise) by tax payers in CA (and all other states) who don't itemize
Again, I don't even agree with your premise
If you want to make a comparison and states that are subsidized by the federal government (i.e. distribution of federal funds collected from all 50 states) then here is a good comparison
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/
-
To me - the most people should be paying less taxes.
hhhmmmm.
as a middle class idiot in NYC area - this causes me to pay more. So guess what - I'm not happy about it. :(
-
To me - the most people should be paying less taxes.
hhhmmmm.
as a middle class idiot in NYC area - this causes me to pay more. So guess what - I'm not happy about it. :(
Paul Ryan claims the plan will be deficit nuetral (not even close at the moment) but won't be revenue neutral (i.e. tax revenue will be lower). They expect the tax cuts to stimulate the economy thus producing more gross revenue which will offset the loss in revenue from the tax cuts.
So basically the same old smoke and mirrors that they've been pushing since 1980 that has never worked (most recent experiment in this premise was Kansas which was a devastating failure). It's estimated that 80% of the benefits of this tax plan go to the very wealthy and giving the wealthy a tax cut does not and has never stimulated the economy. I would have more respect for Republicans if they just stopped trying to sell this lie.
Ryan also agrees that some middle class families will get fucked
My guess is this will go nowhere (just looking at all their other attempts to govern)
Ryan said the plan will be deficit-neutral, but did not also suggest it will be revenue-neutral. The TPC estimates the plan will reduce federal revenue by $2.4 trillion over the next decade.
Republicans are depending on economic growth to pay for the cuts.
Ryan said this "will have to be a deficit-neutral tax bill" for it to pass. Ryan said he and other Republicans "fundamentally believe that this tax code and this tax reform will give us faster economic growth."
https://www.cbsnews.com/news/paul-ryan-tax-plan-middle-class/
-
When I have time (as much time as you) this will be an easy post to dismember since, and as articulate as you are, are mostly wrong on just about everything.
Despite your bravado, you haven't been able to "dismember" any of my past posts. I'm not too worried that you'll start now.
And as for your comment on time: again, it goes to show how shallow and narrow-minded you are. You imagine that academics just sit and snooze all day. I'm far busier than you suspect; in fact, I'd venture to say that I'm busier than you. And probably more efficient to boot.
-
I call it like I see it. Im a libertarian type.
Paul Ryan claims the plan will be deficit nuetral (not even close at the moment) but won't be revenue neutral (i.e. tax revenue will be lower). They expect the tax cuts to stimulate the economy thus producing more gross revenue which will offset the loss in revenue from the tax cuts.
So basically the same old smoke and mirrors that they've been pushing since 1980 that has never worked (most recent experiment in this premise was Kansas which was a devastating failure). It's estimated that 80% of the benefits of this tax plan go to the very wealthy and giving the wealthy a tax cut does not and has never stimulated the economy. I would have more respect for Republicans if they just stopped trying to sell this lie.
Ryan also agrees that some middle class families will get fucked
My guess is this will go nowhere (just looking at all their other attempts to govern)
https://www.cbsnews.com/news/paul-ryan-tax-plan-middle-class/
-
To me - the most people should be paying less taxes.
hhhmmmm.
as a middle class idiot in NYC area - this causes me to pay more. So guess what - I'm not happy about it. :(
Truth.
-
Truth.
To me - the most people should be paying less taxes.
hhhmmmm.
as a middle class idiot in NYC area - this causes me to pay more. So guess what - I'm not happy about it. :(
You and I (and apparently Bum) all agree that the majority of tax savings should go to "the most people"
which means the majority of any tax reform should benefit people in the 15% bracket or less
The current Republican/Trump plan gives 50% of the benefits to top 1% in income earners.
I'd like to see 95% of total benefit going to majority of tax payers which would be 25% tax bracket or lower.
https://www.reuters.com/article/us-usa-tax-fiscal/rich-would-benefit-most-from-trump-tax-cut-plan-policy-group-idUSKCN1C42C8
-
https://www.nytimes.com/2017/10/03/us/politics/republican-tax-plan-state-and-local-deduction.html
Like I said when I started this thread - this entire bill is a complete sham and BS. I call it like I see it. Most people won't see an extra dime from this.
What a FNG waste.
If we are stuck with ObamaPOScare and the net result of this tax idiocy is that anyone pays a penny more in taxes - than whats the point?
If we are cutting taxes across the board - why would anyone who pays taxes have to pay a cent more?
Total crap.
-
To me - the most people should be paying less taxes.
hhhmmmm.
as a middle class idiot in NYC area - this causes me to pay more. So guess what - I'm not happy about it. :(
I'm with you on this. Only a fool would be happy to pay more taxes. I'll lobby for any changes that lower my tax burden and I'll lobby against any changes which will raise it.
-
I'm with you on this. Only a fool would be happy to pay more taxes. I'll lobby for any changes that lower my tax burden and I'll lobby against any changes which will raise it.
:o
-
I'm with you on this. Only a fool would be happy to pay more taxes. I'll lobby for any changes that lower my tax burden and I'll lobby against any changes which will raise it.
Do you think the money is being wasted as it is, or what?
-
Do you think the money is being wasted as it is, or what?
There is always monetary waste, whether it is in government, business or on a personal level. I wish this was not true, but it is. Like almost all people, I benefit from government programs, whether they have to do with infrastructure, education, defense or health, etc.
I was a state public employee for the bulk of working life. The wages covered my cost of living. The benefits, such as sick leave, vacations, group health insurance and retirement investments have all been good. Not get rich good, but having a decent quality of life good. I was and am grateful for this. I saw waste, but I tried never to contribute to it.
Regarding the current political scene in Washington D.C., waste continues or has escalated. Promises of "draining the swamp" haven't happened and probably won't. Trump's weekend breaks travel expenses are wasteful. We all pay for his continuing campaign speeches around the country in preparation for reelection, when the cost of this should be bore by campaign fund-raisers, not to mention he's doing it using time he should be spending being President. His appointing people with no government experience has been wasteful in several ways, not the least of which is progress. It appears as if Trump thinks he's still hosting his reality show, The Apprentice, because every Friday he say's "you're fired!" to someone he appointed only 8 or less months ago. Except as entertainment for some, Trump's tweets and off-the-wall comments are a waste of time and a danger to our security, international relationships and progress.
Yes, there is a lot of waste in government, now that I think about it.
-
There is always monetary waste, whether it is in government, business or on a personal level. I wish this was not true, but it is. Like almost all people, I benefit from government programs, whether they have to do with infrastructure, education, defense or health, etc.
I was a state public employee for the bulk of working life. The wages covered my cost of living. The benefits, such as sick leave, vacations, group health insurance and retirement investments have all been good. Not get rich good, but having a decent quality of life good. I was and am grateful for this. I saw waste, but I tried never to contribute to it.
Regarding the current political scene in Washington D.C., waste continues or has escalated. Promises of "draining the swamp" haven't happened and probably won't. Trump's weekend breaks travel expenses are wasteful. We all pay for his continuing campaign speeches around the country in preparation for reelection, when the cost of this should be bore by campaign fund-raisers, not to mention he's doing it using time he should be spending being President. His appointing people with no government experience has been wasteful in several ways, not the least of which is progress. It appears as if Trump thinks he's still hosting his reality show, The Apprentice, because every Friday he say's "you're fired!" to someone he appointed only 8 or less months ago. Except as entertainment for some, Trump's tweets and off-the-wall comments are a waste of time and a danger to our security, international relationships and progress.
Yes, there is a lot of waste in government, now that I think about it.
Do you think you're becoming more conservative in the traditional sense, with Trump in office?
-
Senate Tax Bill Would Kill SALT Deduction
Roll Call ^ | 11/09/2017 | Roll Call Staff
Posted on 11/9/2017, 12:59:33 PM by GIdget2004
The Senate tax overhaul would fully repeal the state and local tax deduction, according to a GOP aide and senator.
Democrats were quick to pounce on the news, saying the House GOP’s move to allow some state and local tax deductions to stay for property taxes was just a fig leaf.
“The Republicans in the House thought they were throwing a few crumbs to members to get them to walk the plank,” House Minority Nancy Pelosi said of the House GOP plan to provide for a maximum $10,000 deduction for state and local property taxes. “That is not in the Senate bill.”
(Excerpt) Read more at rollcall.com ...
________________________ ________________
What total garbage - the GOP is the damn worst!!! WTF
-
Senate Tax Bill Would Kill SALT Deduction
Roll Call ^ | 11/09/2017 | Roll Call Staff
Posted on 11/9/2017, 12:59:33 PM by GIdget2004
The Senate tax overhaul would fully repeal the state and local tax deduction, according to a GOP aide and senator.
Democrats were quick to pounce on the news, saying the House GOP’s move to allow some state and local tax deductions to stay for property taxes was just a fig leaf.
“The Republicans in the House thought they were throwing a few crumbs to members to get them to walk the plank,” House Minority Nancy Pelosi said of the House GOP plan to provide for a maximum $10,000 deduction for state and local property taxes. “That is not in the Senate bill.”
(Excerpt) Read more at rollcall.com ...
________________________ ________________
What total garbage - the GOP is the damn worst!!! WTF
I wish we could fire every member of Congress and start over.
-
I wish we could fire every member of Congress and start over.
In theory that would be great, in practice, probably a debacle but I agree with your sentiment. And while we're talking about tax reform, unless it consists of at least 4 things, to me it's just another sham.
Any true tax reform has GOT to simplify the tax code. That we let it get this far out of hand is a shame. Special interests are why anyone not single and working a 9 to 5 job have to hire professionals and even then, there is no guarantee it's accurate, and more importantly, you aren't overpaying taxes.
Then while we are doing that, we need to address all the loop holes, where I'm not paying more taxes than a fortune 500 company, even worse, more than 5 fortune 500 companies combined. That people who aren't paying any taxes or very little, aren't getting refunds 5X larger than they paid in.
5 billion was paid out to fraudulent accounts, not a single job was lost over it. This year will be no different. Because the code is so ridiculous and auditors cannot keep up with them all, fraud is prevalent and is wasting my money. I miss a $50 earned interest and I'm fined... they pay 5 billion to scammers and no one bats an eye
Finally, after we've dealt with the money coming in portion, our taxes, we need to change the way of thinking in Washington about spending it. The environment now is, if they have it, they'll find a way to spend it. They'll even spend what they don't have. It's not their money, they don't care. The Presidents outings are just a drop in the bucket of federal waste. The military is a huge part of it. Republicans are supposed to be conservative, but I sure don't see it in the spending, they aren't much better than Democrats, they just have different toys they want to buy or programs they want to fund.
-
I wish we could fire every member of Congress and start over.
But you can't. Start over with who, the people you choose? ::)
-
In theory that would be great, in practice, probably a debacle but I agree with your sentiment. And while we're talking about tax reform, unless it consists of at least 4 things, to me it's just another sham.
Any true tax reform has GOT to simplify the tax code. That we let it get this far out of hand is a shame. Special interests are why anyone not single and working a 9 to 5 job have to hire professionals and even then, there is no guarantee it's accurate, and more importantly, you aren't overpaying taxes.
Then while we are doing that, we need to address all the loop holes, where I'm not paying more taxes than a fortune 500 company, even worse, more than 5 fortune 500 companies combined. That people who aren't paying any taxes or very little, aren't getting refunds 5X larger than they paid in.
5 billion was paid out to fraudulent accounts, not a single job was lost over it. This year will be no different. Because the code is so ridiculous and auditors cannot keep up with them all, fraud is prevalent and is wasting my money. I miss a $50 earned interest and I'm fined... they pay 5 billion to scammers and no one bats an eye
Finally, after we've dealt with the money coming in portion, our taxes, we need to change the way of thinking in Washington about spending it. The environment now is, if they have it, they'll find a way to spend it. They'll even spend what they don't have. It's not their money, they don't care. The Presidents outings are just a drop in the bucket of federal waste. The military is a huge part of it. Republicans are supposed to be conservative, but I sure don't see it in the spending, they aren't much better than Democrats, they just have different toys they want to buy or programs they want to fund.
My preference is a flat tax. Eliminate all deductions. Fairest and simplest way to do it.
-
My preference is a flat tax. Eliminate all deductions. Fairest and simplest way to do it.
This. ^
-
But you can't. Start over with who, the people you choose? ::)
Yes the people I choose. Along with every other voter.
-
Yes the people I choose. Along with every other voter.
Every other voter chose the people who are presently in Congress. How do you think they got there? Your choice alone will mean nothing in the scope of things.
-
Every other voter chose the people who are presently in Congress. How do you think they got there? Your choice alone will mean nothing in the scope of things.
I understand my preference is unrealistic. I was obviously venting. I'm not happy with Congress. They suck. All of them. I want term limits. You can be happy with the duds we have in DC. Fine. THAT's how they got there, and stay there, because of people like you who don't care.
-
I understand my preference is unrealistic. I was obviously venting. I'm not happy with Congress. They suck. All of them. I want term limits. You can be happy with the duds we have in DC. Fine. THAT's how they got there, and stay there, because of people like you who don't care.
Nowhere did I say anything about not caring. I vote in every election. How about you? I only vote for incumbents when they are the best candidate running with any likelihood of winning. Just so you know, I'm not happy with Congress's performance either. Term limits is a great idea, except there are less and less folks willing to go into politics. How do you think we got into this mess. In the last Presidential election, we were stuck voting for the best of the worst.
-
Just saw that Gary Cohn is actually trying to sell the horseshit of "trickle down" benefits to the middle class
I'm sure a few Trumptards will eagerly eat up that bullshit but the rest of us (including most Republicans) know it's total horseshit
-
Nowhere did I say anything about not caring. I vote in every election. How about you? I only vote for incumbents when they are the best candidate running with any likelihood of winning. Just so you know, I'm not happy with Congress's performance either. Term limits is a great idea, except there are less and less folks willing to go into politics. How do you think we got into this mess. In the last Presidential election, we were stuck voting for the best of the worst.
I vote in every local, state, and national election. I'm glad you support term limits. We definitely need them.
-
I vote in every local, state, and national election. I'm glad you support term limits. We definitely need them.
Okay, we are good then.
I even voted in this month's election even though there were no candidates running in my district, just ballot measures.
-
Okay, we are good then.
I even voted in this month's election even though there were no candidates running in my district, just ballot measures.
Cool. That's great. Our voter turnout is among the worst on the planet. :-\
-
I wish we could fire every member of Congress and start over.
In theory the American people can do just that, every 2 years.
Problem is, we don't.
Incumbents get locked in due to politically engineered gerrymandered voting districts.
-
In theory the American people can do just that, every 2 years.
Problem is, we don't.
Incumbents get locked in due to politically engineered gerrymandered voting districts.
No we can't. You don't even have a surface level understanding of the political process do you?
-
I vote in every local, state, and national election. I'm glad you support term limits. We definitely need them.
Term limits is really us.. the US Citizen, admitting we are not capable of making good choices... it's insulting to me, someone who like you, picks the person who I feel is best suited... but lately I've lost hope in many of my fellow Americans, and have no confidence in their ability to get off their lazy asses and research candidates, they can't even figure out a meme with Abraham Lincoln talking about the internet is fake, so yeah, bring on term limits until we get back to being responsible voters.. if we ever do
-
Term limits is really us.. the US Citizen, admitting we are not capable of making good choices... it's insulting to me, someone who like you, picks the person who I feel is best suited... but lately I've lost hope in many of my fellow Americans, and have no confidence in their ability to get off their lazy asses and research candidates, they can't even figure out a meme with Abraham Lincoln talking about the internet is fake, so yeah, bring on term limits until we get back to being responsible voters.. if we ever do
Before you put all the blame on the voters, consider the options they often have, which is lousy and lousier. Being a politician is not the greatest job to have anymore.
-
Term limits is really us.. the US Citizen, admitting we are not capable of making good choices... it's insulting to me, someone who like you, picks the person who I feel is best suited... but lately I've lost hope in many of my fellow Americans, and have no confidence in their ability to get off their lazy asses and research candidates, they can't even figure out a meme with Abraham Lincoln talking about the internet is fake, so yeah, bring on term limits until we get back to being responsible voters.. if we ever do
True. And money has corrupted the system.
-
My preference is a flat tax. Eliminate all deductions. Fairest and simplest way to do it.
Not really. I know many who make a ton of cash and only claim they make about 10% of it. A national sales tax would probably be the fairest.
-
Not really. I know many who make a ton of cash and only claim they make about 10% of it. A national sales tax would probably be the fairest.
It doesn't matter what they (or anyone else) makes if everyone is paying the same percentage.
No way should we have a national sales tax. We'd wind up with both federal income and sales taxes. Screw that.
-
My point is there are people who make 300k and only claim 40k because their business takes in mostly cash. How is this the same? If someone gets a W2 stating he makes 300k and the other makes the same but gets cash, so claims he only makes 40k
-
My point is there are people who make 300k and only claim 40k because their business takes in mostly cash. How is this the same? If someone gets a W2 stating he makes 300k and the other makes the same but gets cash, so claims he only makes 40k
Aren't they already supposed to report that cash by law? Aren't they breaking the law and cheating on their taxes by not reporting it? Wouldn't this happen with or without a flat tax?
-
http://beta.latimes.com/politics/la-na-pol-gop-tax-plan-20171109-story.html
This scam is going to be the GOP version of ObamaCare - what a complete sham and fraud.
-
Aren't they already supposed to report that cash by law? Aren't they breaking the law and cheating on their taxes by not reporting it? Wouldn't this happen with or without a flat tax?
Yes, yes and correct. That's why I think only a national sales tax would be fair.
-
https://www.washingtonpost.com/business/economy/i-dont-feel-wealthy-the-upper-middle-class-is-worried-about-paying-for-the-tax-overhaul/2017/11/09/a5cf1acc-c55e-11e7-aae0-cb18a8c29c65_story.html?utm_term=.2a04da0cdeea
Just like the middle class got raped brutally w OfaggetkenyadontCare - so will we with this fraud and sham of a "tax cut"
What a joke.
-
Aren't they already supposed to report that cash by law? Aren't they breaking the law and cheating on their taxes by not reporting it? Wouldn't this happen with or without a flat tax?
Exactly.
-
Exactly.
That's why they were supporting a national sales tax. No matter what you make and or report, the sales tax would come into play and even it out. Personally, I haven't researched which system is the most fair, flat or sales, there has never been a time when either was even remotely close to being considered by Congress. But if they are talking real tax reform and NOT mentioning or seriously considering either of these, it's probably a safe bet it's not going to be much in the way of reform
-
That's why they were supporting a national sales tax. No matter what you make and or report, the sales tax would come into play and even it out. Personally, I haven't researched which system is the most fair, flat or sales, there has never been a time when either was even remotely close to being considered by Congress. But if they are talking real tax reform and NOT mentioning or seriously considering either of these, it's probably a safe bet it's not going to be much in the way of reform
I've said this many times before, but there is no way we should have a federal sales tax, purportedly to replace federal income tax, because we would inevitably wind up with both.
Flat tax is a pipe dream anyway. :-\
-
https://www.nytimes.com/2017/11/10/us/politics/senate-tax-bill.html
Unbelievable. F you GOP - go F yourselves you worthless POS!
-
https://www.nytimes.com/2017/11/10/us/politics/senate-tax-bill.html
Unbelievable. F you GOP - go F yourselves you worthless POS!
serious question
what is so unbelievable about it
it's 100% consistent in what they truly believe (not what they say publicly of course)
-
serious question
what is so unbelievable about it
it's 100% consistent in what they truly believe (not what they say publicly of course)
How hard is it just to reduce ALL taxes across the board by say 5% and leave everything else alone?
What these aholes are doing is financing business tax cuts on the backs of the middle and upper middle class.
-
How hard is it just to reduce ALL taxes across the board by say 5% and leave everything else alone?
What these aholes are doing is financing business tax cuts on the backs of the middle and upper middle class.
yep, that and then find a way to pay for it by reducing spending somewhere else rather than trying to sell the total horseshit that cutting taxes will stimulate the economy and that future growth will offset the loss of revenue
The entire premise of the TeaBag party was to fight against increases in the deficit and debt
-
How hard is it just to reduce ALL taxes across the board by say 5% and leave everything else alone?
What these aholes are doing is financing business tax cuts on the backs of the middle and upper middle class.
It's not hard, it just wouldn't address a lot of the loop holes (opportunities) for corporations to avoid paying taxes. an entire overhaul of the tax code is needed for tax reform to matter to any of us but the rich
-
How hard is it just to reduce ALL taxes across the board by say 5% and leave everything else alone?
What these aholes are doing is financing business tax cuts on the backs of the middle and upper middle class.
I agree with YOU on that , BUT that's not how it works when anyone takes power.
Trump's just trying to take care of his uber-rich pals from the Wall street cliché.
Look at who he picked for the key financial posts?!
I'll give Trump credit for one thing, ending the "estate tax" will provide a windfall of tax relief for him, his kids and all
his rich pals kids.
Anyone who still thinks Trump is the champion of the working man deserves to get duped.
-
I agree with YOU on that , BUT that's not how it works when anyone takes power.
Trump's just trying to take care of his uber-rich pals from the Wall street cliché.
Look at who he picked for the key financial posts?!
I'll give Trump credit for one thing, ending the "estate tax" will provide a windfall of tax relief for him, his kids and all
his rich pals kids.
Anyone who still thinks Trump is the champion of the working man deserves to get duped.
Well, he's not black, or female and he looks down on minorities and is a womanizer, he'll get plenty of support just from that.
-
Well, he's not black, or female and he looks down on minorities and is a womanizer, he'll get plenty of support just from that.
I was amazed that the ET bus Billy Bush pussy grab tape didn't hurt Trump before the '16 election.
I assumed THAT would sink him with a majority of the evangelical voters.
This was one time they couldn't refuse to believe he said it because he was on tape.
For some reason, talking about grabbing pussy and insulting people never hurt Trump with the religious right.
I still don't understand why?
-
I was amazed that the ET bus Billy Bush pussy grab tape didn't hurt Trump before the '16 election.
I assumed THAT would sink him with a majority of the evangelical voters.
This was one time they couldn't refuse to believe he said it because he was on tape.
For some reason, talking about grabbing pussy and insulting people never hurt Trump with the religious right.
I still don't understand why?
the evangelicals didn't mind the grabbing pussy tape because Trump promised to get the country saying "Merry Christmas" again.
-
I call it like I see it - this tax plan so far seems like a complete fraud and a scam no different than the democrat version of Obamacare
-
I was amazed that the ET bus Billy Bush pussy grab tape didn't hurt Trump before the '16 election.
I assumed THAT would sink him with a majority of the evangelical voters.
This was one time they couldn't refuse to believe he said it because he was on tape.
For some reason, talking about grabbing pussy and insulting people never hurt Trump with the religious right.
I still don't understand why?
Because most evangelicals are hypocrites.. Hope this helps
-
Because most evangelicals are hypocrites.. Hope this helps
Not even as close as most liberals and leftists
-
Not even as close as most liberals and leftists
You naïve man....
-
https://www.cnbc.com/2017/11/13/senate-tax-bill-would-make-taxes-jump-for-many-earning-under-200000-analysis-says.html
What an absolute sham of a bill.
This is the GOP version of ObamaCare
-
The Latest: Tax jump for households earning under $200K
Associated Press ^ | November 13th, 2017 | Unattributed
Posted on 11/13/2017, 1:07:43 PM by Mariner
Congressional analysts are estimating that the Republican Senate tax bill would increase taxes in 2019 for some 13.8 million U.S. households earning less than $200,000 a year.
The nonpartisan Joint Committee on Taxation provided the analysis Monday as the Senate’s tax-writing committee begins work on its version of the tax overhaul bill. The legislation, promoted as a boon to the middle class, would steeply cut corporate taxes, double the standard deduction, and limit or repeal completely the federal deduction for state and local property and income taxes.
The analysis of the Senate plan says 13.8 million households, or about 10 percent of all taxpayers, would face a tax increase of $100 to $500 in 2019. There also would be increases greater than $500 for a number of taxpayers, especially those with incomes between $75,000 and $200,000. By 2025, 21.4 million households would have tax increases.
(Excerpt) Read more at apnews.com ...
-
https://www.cnbc.com/2017/11/13/senate-tax-bill-would-make-taxes-jump-for-many-earning-under-200000-analysis-says.html
What an absolute sham of a bill.
This is the GOP version of ObamaCare
Just as I suspected, I will fall into the group that gets hit the hardest.
-
Just as I suspected, I will fall into the group that gets hit the hardest.
FNG absurd and ridiculous. Just as Orwellian named as the ACA
-
https://www.washingtonpost.com/business/economy/democrats-furious-over-new-gop-attempt-to-gut-obamacare/2017/11/15/fdc382f8-ca23-11e7-8321-481fd63f174d_story.html?utm_term=.6291f6578e80&wpisrc=al_news__alert-economy--alert-politics--alert-national&wpmk=1
This tax bill S U C K S !!!
-
As with the most of the crappy versions of the health care reform they were putting forth, I will be pulling for this one to fail as well. Better to keep the status quo then to have more crap and them think they did a great job when we all know they haven't.
-
As with the most of the crappy versions of the health care reform they were putting forth, I will be pulling for this one to fail as well. Better to keep the status quo then to have more crap and them think they did a great job when we all know they haven't.
To me this sucks!!! We need DRASTIC reduction in tax theft - this GOP scam is not it
-
To me this sucks!!! We need DRASTIC reduction in tax theft - this GOP scam is not it
Funny thing is you have people like McCain, all the democrats, etc. who actually would love for these types of bills to pass yet they keep voting against them because of Trump. They are basically what the democrats would normally push/hope for if they were in power. Don't even think these guys read the bills half of the time judging by what they say.
They seem to think that they "need" a win (they do) but when most of the base knows what a joke this is it still accomplishes the same thing as not getting anything done. They will still be complete disappointments.
They should just lower the business tax only because the lies they are spewing aren't convincing anyone on the rest of the fake tax cuts. I hope that Paul, Cruz, etc. aren't endorsing this junk.
-
Funny thing is you have people like McCain, all the democrats, etc. who actually would love for these types of bills to pass yet they keep voting against them because of Trump. They are basically what the democrats would normally push/hope for if they were in power. Don't even think these guys read the bills half of the time judging by what they say.
They seem to think that they "need" a win (they do) but when most of the base knows what a joke this is it still accomplishes the same thing as not getting anything done. They will still be complete disappointments.
They should just lower the business tax only because the lies they are spewing aren't convincing anyone on the rest of the fake tax cuts. I hope that Paul, Cruz, etc. aren't endorsing this junk.
The GOP bill is garbage. Does nothing. Same as obamakenyafagcare.
-
I wish we could fire every member of Congress and start over.
This
-
I finally get in a good bracket.... and boom... not as much money as I thought I would take home. But the senate will change something around to help my bracket. The individual deductions being cut doesn’t seem fair, especially when companies get to keep those same deductions
-
https://www.bloomberg.com/news/articles/2017-11-27/in-greenwich-and-manhattan-tax-hike-fears-fuel-talk-of-exodus
F this tax scam. What a joke.
-
https://www.bloomberg.com/news/articles/2017-11-27/in-greenwich-and-manhattan-tax-hike-fears-fuel-talk-of-exodus
F this tax scam. What a joke.
Never trust the Legislature when it proposes tax cuts. In 1913 federal income taxes, according to form 1040, were 1% for incomes over $20,000 and not exceeding $50,000. The maximum tax rate was 6% for incomes exceeding $500,000. There were more deductions then as opposed to currently.
-
Never trust the Legislature when it proposes tax cuts. In 1913 federal income taxes, according to form 1040, were 1% for incomes over $20,000 and not exceeding $50,000. The maximum tax rate was 6% for incomes exceeding $500,000. There were more deductions then as opposed to currently.
People cheering this one on are so foolish - its a gigantic scam
-
People cheering this one on are so foolish - its a gigantic scam
In my opinion the only honest tax plan is one where there are no loopholes. Everyone pays the same percentage regardless of income. I'm not an economist, but I suspect that that rate would be fairly low.
In the meantime, I'll continue playing the tax game as best I can within the scope of tax laws.
-
In my opinion the only honest tax plan is one where there are no loopholes. Everyone pays the same percentage regardless of income. I'm not an economist, but I suspect that that rate would be fairly low.
In the meantime, I'll continue playing the tax game as best I can within the scope of tax laws.
imho - if ANYONE - A N Y O N E - has to pay a penny more in taxes after this law is passed, then its as big a lie as obamacare was in keeping your doctor and plan and prices dropping, etc.
They are basically raising taxes on people like me to finance corporate tax cuts for C corps. Its not hard to figure out based on the deductions they are getting rid of that are used by most small business and middle/upper middle class people. .
-
I do think something is better than nothing, but it's a crying shame that DC Republicans are such limp noodles.
-
I do think something is better than nothing, but it's a crying shame that DC Republicans are such limp noodles.
If i have to pay more due to loss of deductions - how is that better than nothing?
-
If i have to pay more due to loss of deductions - how is that better than nothing?
I don't think making any individual pay a dime more in taxes than they already pay is ok. I'm talking mainly about cutting corporate tax rates and eliminating death taxes. Those are good things. Overall, the proposals overall don't go far enough.
-
I don't think making any individual pay a dime more in taxes than they already pay is ok. I'm talking mainly about cutting corporate tax rates and eliminating death taxes. Those are good things. Overall, the proposals overall don't go far enough.
Most estates are not taxed because they aren't large enough.
A filing is required for estates with combined gross assets and prior taxable gifts exceeding $1,500,000 in 2004 - 2005; $2,000,000 in 2006 - 2008; $3,500,000 for decedents dying in 2009; and $5,000,000 or more for decedent's dying in 2010 and 2011 (note: there are special rules for decedents dying in 2010); $5,120,000 in 2012, $5,250,000 in 2013, $5,340,000 in 2014, $5,430,000 in 2015, $5,450,000 in 2016, $5,490,000 in 2017, and $5,600,000 in 2018.
-
Most estates are not taxed because they aren't large enough.
A filing is required for estates with combined gross assets and prior taxable gifts exceeding $1,500,000 in 2004 - 2005; $2,000,000 in 2006 - 2008; $3,500,000 for decedents dying in 2009; and $5,000,000 or more for decedent's dying in 2010 and 2011 (note: there are special rules for decedents dying in 2010); $5,120,000 in 2012, $5,250,000 in 2013, $5,340,000 in 2014, $5,430,000 in 2015, $5,450,000 in 2016, $5,490,000 in 2017, and $5,600,000 in 2018.
Depends on where you live.
-
I'm not sure how bad this will affect me. I don't even really know what I make by the time my CPA cuts it down. I've got one side of my "review level financials" made to look as good as possible for my bonding purposes, and on the other side him trying to write everything down to zero. All I know, as long as I've been making decent coin, is that if I want to take home more money I just need to make more money.
Either way, our tax system is a bit fucked.
-
Senators consider automatic tax hikes if revenue falls short
Associated Press
STEPHEN OHLEMACHER and MARCY GORDON
Associated PressNovember 27, 2017
0:30 0:30
Ad:
WASHINGTON (AP) — Senate Republicans are considering a trigger that would automatically increase taxes if their sweeping legislation fails to generate as much revenue as they expect. It's an effort to mollify deficit hawks who worry that tax cuts for businesses and individuals will add to the nation's already mounting debt.
The effort comes as a second Republican senator, Steve Daines of Montana, announced Monday that he opposes the tax bill in its current form. Previously, Sen. Ron Johnson, R-Wis., said he opposed the bill, leaving Senate Republicans no room for error as they hope to vote on the bill this week.
Both senators complained that the tax bill favors large corporations over small businesses. Republicans have only two votes to spare in the Senate, where they hold a 52-48 edge and anticipate Vice President Mike Pence breaking a tie.
At the White House, President Donald Trump maintained that the bill would help all Americans.
"I think it's going to benefit everybody," the president said. "It's going to mostly benefit people looking for jobs more than anything else, because we're giving great incentives."
Senate Republicans indicated that they still had a way to go to secure the votes.
"We're making progress, minute by minute, hour by hour, day by day. But we're not there yet," said Texas Sen. John Cornyn, the No. 2 Republican in the Senate. Pressed on timing, he said the expectation is a vote this week.
A new congressional estimate says the Senate tax bill would add $1.4 trillion to the budget deficit over the next decade. But GOP leaders dispute the estimate, saying tax cuts will spur economic growth, reducing the hit on the deficit.
Many economists disagree with such optimistic projections. The trigger would be a way for senators to test their economic assumptions, with real consequences if they are wrong.
"Do we have realistic numbers and is there a backstop in the process just in case we don't?" asked Sen. James Lankford, R-Okla.
"We should build in the 'What if?' What if this doesn't work?" Lankford said. "What changes might be needed in the tax code in the days ahead to be able to adjust in what scenario?"
Sen. Bob Corker, R-Tenn., said the Trump administration and Senate Republican leaders are open to some kind of a trigger to increase revenues if the tax plan falls short.
Neither Corker nor Lankford spelled out exactly how the trigger would work, noting that senators are still working on the proposal. Sen. Rob Portman, R-Ohio, said the trigger is possible. But, he added, the proposal could run afoul of the Senate's byzantine budget rules.
Trump and Senate Republicans scrambled Monday to make changes to the bill in an effort to win over holdout GOP senators and pass a tax package by the end of the year. Corker said he spoke to White House Chief of Staff John Kelly and economic adviser Gary Cohn throughout the weekend, and Treasury Secretary Steve Mnuchin was at his Senate office on Monday.
"Very possible," Corker said when asked if he might vote "no" in the Senate Budget Committee on Tuesday if the revenue issue isn't settled. "It's important for me to know we've got this resolved," he said.
Johnson told Wisconsin reporters on Monday, "If we develop a fix prior to committee, I'll probably support it, but if we don't I'll vote against it."
Trump and Senate leaders are trying to balance competing demands. While some senators fear the package's debt consequences, others want more generous tax breaks for businesses. In a boost for the legislation, Republican Sen. Rand Paul of Kentucky said he would back the measure.
Trump hosted Republican members of the Senate Finance Committee at the White House on Monday. GOP leaders were still trying to round up the votes in the Senate to pass the bill.
Whatever the Senate passes must be reconciled with the House version of the tax bill.
Trump suggested he is open to making unspecified changes to the way millions of "pass-through" businesses are taxed, a sticking point for some lawmakers. These are businesses in which profits are passed onto the owners, who report the income on their individual tax returns. The vast majority of U.S. businesses, big and small, are taxed this way.
Both Daines and Johnson said the current bill doesn't cut business taxes enough for these types of partnerships and corporations. Johnson gets substantial income from such companies, including a manufacturer he helped found in Wisconsin and a commercial real estate company, according to his financial disclosure statements.
This thing sucks!
-
I feel violence is the only way for our elected officials to remember who they work for :-\
-
I feel violence is the only way for our elected officials to remember who they work for :-\
This is the GOP version of ObamaCare
-
Senators consider automatic tax hikes if revenue falls short
Associated Press
STEPHEN OHLEMACHER and MARCY GORDON
Associated PressNovember 27, 2017
0:30 0:30
Ad:
WASHINGTON (AP) — Senate Republicans are considering a trigger that would automatically increase taxes if their sweeping legislation fails to generate as much revenue as they expect. It's an effort to mollify deficit hawks who worry that tax cuts for businesses and individuals will add to the nation's already mounting debt.
The effort comes as a second Republican senator, Steve Daines of Montana, announced Monday that he opposes the tax bill in its current form. Previously, Sen. Ron Johnson, R-Wis., said he opposed the bill, leaving Senate Republicans no room for error as they hope to vote on the bill this week.
Both senators complained that the tax bill favors large corporations over small businesses. Republicans have only two votes to spare in the Senate, where they hold a 52-48 edge and anticipate Vice President Mike Pence breaking a tie.
At the White House, President Donald Trump maintained that the bill would help all Americans.
"I think it's going to benefit everybody," the president said. "It's going to mostly benefit people looking for jobs more than anything else, because we're giving great incentives."
Senate Republicans indicated that they still had a way to go to secure the votes.
"We're making progress, minute by minute, hour by hour, day by day. But we're not there yet," said Texas Sen. John Cornyn, the No. 2 Republican in the Senate. Pressed on timing, he said the expectation is a vote this week.
A new congressional estimate says the Senate tax bill would add $1.4 trillion to the budget deficit over the next decade. But GOP leaders dispute the estimate, saying tax cuts will spur economic growth, reducing the hit on the deficit.
Many economists disagree with such optimistic projections. The trigger would be a way for senators to test their economic assumptions, with real consequences if they are wrong.
"Do we have realistic numbers and is there a backstop in the process just in case we don't?" asked Sen. James Lankford, R-Okla.
"We should build in the 'What if?' What if this doesn't work?" Lankford said. "What changes might be needed in the tax code in the days ahead to be able to adjust in what scenario?"
Sen. Bob Corker, R-Tenn., said the Trump administration and Senate Republican leaders are open to some kind of a trigger to increase revenues if the tax plan falls short.
Neither Corker nor Lankford spelled out exactly how the trigger would work, noting that senators are still working on the proposal. Sen. Rob Portman, R-Ohio, said the trigger is possible. But, he added, the proposal could run afoul of the Senate's byzantine budget rules.
Trump and Senate Republicans scrambled Monday to make changes to the bill in an effort to win over holdout GOP senators and pass a tax package by the end of the year. Corker said he spoke to White House Chief of Staff John Kelly and economic adviser Gary Cohn throughout the weekend, and Treasury Secretary Steve Mnuchin was at his Senate office on Monday.
"Very possible," Corker said when asked if he might vote "no" in the Senate Budget Committee on Tuesday if the revenue issue isn't settled. "It's important for me to know we've got this resolved," he said.
Johnson told Wisconsin reporters on Monday, "If we develop a fix prior to committee, I'll probably support it, but if we don't I'll vote against it."
Trump and Senate leaders are trying to balance competing demands. While some senators fear the package's debt consequences, others want more generous tax breaks for businesses. In a boost for the legislation, Republican Sen. Rand Paul of Kentucky said he would back the measure.
Trump hosted Republican members of the Senate Finance Committee at the White House on Monday. GOP leaders were still trying to round up the votes in the Senate to pass the bill.
Whatever the Senate passes must be reconciled with the House version of the tax bill.
Trump suggested he is open to making unspecified changes to the way millions of "pass-through" businesses are taxed, a sticking point for some lawmakers. These are businesses in which profits are passed onto the owners, who report the income on their individual tax returns. The vast majority of U.S. businesses, big and small, are taxed this way.
Both Daines and Johnson said the current bill doesn't cut business taxes enough for these types of partnerships and corporations. Johnson gets substantial income from such companies, including a manufacturer he helped found in Wisconsin and a commercial real estate company, according to his financial disclosure statements.
This thing sucks!
I hate these guys. Both parties are just complete crap.
-
I hate these guys. Both parties are just complete crap.
This is only a tax cut for major corps at C level, no one else. Its a gigantic scam and fleecing of the middle class.
-
This is the GOP version of ObamaCare
Hahaha true that