Conservative Tax Cuts - you gotta be kidding me

[Weatherman2020]

How do crazy angry lefties get away with the term "budget busting" when Barry Hussein busted the budget for eight years without offering the slightest incentive to businesses other than failing jokes like Solyndra?

Funny. How much NEW debt did President Obama create that wasn't a direct or indirect result of Bush's actions and/or policies? Bush's clusterfuck didn't just end on the day President Obama was sworn in.

What actions and policies were those?

 

[g5000]

Economies always do well with a Republican Congress, crappy with a Dem Congress.

No they don't. Economies always do better when Democrats are in charge. Always.

 

[The Derp]

Jimmy Carter agrees.

Carter created more jobs in his 4 years than both Bushes + Trump have created in 13.

 

[The Derp]

Economies always do well with a Republican Congress, crappy with a Dem Congress.

No they don't. Economies always do better when Democrats are in charge. Always.

Ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!! How did you beat me to it?! I was searching for that darned clip on YouTube but ya got it up there first. Well done.

 

[Weatherman2020]

Jimmy Carter agrees.

Carter created more jobs in his 4 years than both Bushes + Trump have created in 13.

How many was that?

 

[Weatherman2020]

Jimmy Carter agrees.

Carter created more jobs in his 4 years than both Bushes + Trump have created in 13.

How many was that?

What I miss most about Carter was the 13% Unemployment and the 21% home loans.

 

[The Derp]

Jimmy Carter agrees.

Carter created more jobs in his 4 years than both Bushes + Trump have created in 13.

How many was that?

Carter created 9,041,000 private sector jobs in his 4 years.

Bush the Elder created 1.5M private sector jobs in his four years
Bush the Dumber lost 460,000 private sector jobs after his 8 years
Trump has created about 1 million private sector jobs after 10 months


So is 9,041,000 < or > 2,000,000?

 

[The Derp]

What I miss most about Carter was the 13% Unemployment and the 21% home loans.

Well, you can thank Nixon, Ford, and shitty Conservative Fed policy that began in the early 70's.

 

[initforme]

Why not give the middle class the biggest cuts? Why don't they come out and really cut middle class taxes big time and a smaller cut for the wealthy? Why does this never happen? Also what sense does it make to eliminate state tax deductions? To stick it to the middle class? Yes it is apparent the wealthy will really come out big time.....nothing new here.

 

[Markle]

G.O.P ANNOUNCEMENT repeals individual mandate. major health care providers like Blue Cross come out against . will cause Medicare cuts of 25 billion.
any one have more info on why this wont hurt retired people?

Cute try.

Blue Cross came out against it because it has received BILLIONS in taxpayer subsidies due to the massive losses they suffered due to the failure of Obamacare. The young and healthy did NOT sign up for Obamacare costing it billions. The older and those with pre-existing conditions signed up which are the ones who cost the insurance companies the most.

As you know well, it is impossible to prove a negative.

So please prove to us a positive, how $25 billion will hurt Medicare recipients for which I paid.

Strange how you missed this little change in Medicare from petulant former President Barack Hussein Obama.

HEALTH CARE

Obamacare Robs Medicare of $716 Billion to Fund Itself
Alyene Senger / @AlyeneSenger / August 01, 2012 / 25 comments

Last week, a new Congressional Budget Office (CBO) report updated the amount of money Obamacare robs out of Medicare from $500 billion to a whopping $716 billion between 2013 and 2022.

According to the CBO, the payment cuts in Medicare include:

• A $260 billion payment cut for hospital services.
• A $39 billion payment cut for skilled nursing services.
• A $17 billion payment cut for hospice services.
• A $66 billion payment cut for home health services.
• A $33 billion payment cut for all other services.
• A $156 billion cut in payment rates in Medicare Advantage (MA); $156 billion is before considering interactions with other provisions. The House Ways and Means Committee was able to include interactions with other provisions, estimating the cuts to MA to be even higher, coming in at $308 billion.
• $56 billion in cuts for disproportionate share hospital (DSH) payments.* DSH payments go to hospitals that serve a large number of low-income patients.
• $114 billion in other provisions pertaining to Medicare, Medicaid, and CHIP* (does not include coverage-related provisions).

*Subtract $25 billion total between DSH payments and other provisions for spending that was cut from Medicaid and CHIP.

In total, Obamacare raids Medicare by $716 billion from 2013 to 2022. Despite Medicare facing a 75-year unfunded obligation of $37 trillion, Obamacare uses the savings from the cuts to pay for other provisions in Obamacare, not to help shore up Medicare’s finances.

Obamacare Robs Medicare of $716 Billion to Fund Itself

 

[EvilEyeFleegle]

Might be a moot point...looks like it falling apart already:

Two Senate Republicans critical of party's tax plan

"A Senate Republican tax plan that would repeal the Obamacare mandate and give permanent tax cuts only to U.S. corporations drew fire from two Republican lawmakers on Wednesday in what could be a sign of trouble for the sweeping measure.


Republican Senator Ron Johnson of Wisconsin said he would not vote for the proposal being debated by the Senate Finance Committee, telling the Wall Street Journal that it unfairly benefited corporations over other kinds of businesses.

Senator Susan Collins, one of three Republicans who opposed a Republican Obamacare repeal effort earlier this year, also warned that some middle-income taxpayers could see tax cuts wiped out by higher health insurance premiums if the repeal of the Affordable Care Act’s mandate goes through.

Their views could signal problems for Senate Republicans, who want to pass tax legislation by December but can afford to lose no more than two votes from their ranks because they have only a 52-48 majority in the Senate."

 

[Markle]

About half of all people making under $100K will either see no change in their taxes, or an increase in their taxes because of the elimination of deductions. Meanwhile the top 0.1% will benefit the most from this tax plan, with the 1% also benefiting immensely, some of whom will see their taxes cut in half.

We're supposed to believe you? You jest.

SHOW US PROOF!

You can't!

 

[francoHFW]

Do Conservatives seriously think that their budget-busting, deficit-expanding transfer of wealth from the 99% to the top has any chance of passing in this political environment? Never mind the fact that tax cuts never deliver on any of the promises made of them, never mind the fact that we just went through this 16 years ago with Bush the Dumber and 5 years ago with Brownback in Kansas, and never mind the fact that Conservative policy has been stuck in the same rut for 40 years, why would these tax cuts magically grow the economy when they didn't before?

About half of all people making under $100K will either see no change in their taxes, or an increase in their taxes because of the elimination of deductions. Meanwhile the top 0.1% will benefit the most from this tax plan, with the 1% also benefiting immensely, some of whom will see their taxes cut in half. To pay for tax cuts for the rich, the Conservatives are eliminating state & local tax deductions, capping mortgage interest deductions, eliminating grad school (re: STEM grad students) tuition deductions, eliminating student loan interest deductions, eliminating the child tax credit, eliminating EITC, eliminating the AMT, eliminating medical expense deductions, deductions for teachers who buy school supplies for their students, the adoption tax credit, etc.

There is nothing in this Conservative tax plan that benefits anyone other than the very rich and their pet corporations.

It also increases the deficit beyond 10 years which means it's either got to have an expiration date (thus eliminating the entire purpose of this thing) or it needs 60 votes in the Senate to pass. Since Conservatives only have a 52-48 majority (which could drop to 51-49 pending AL's Senate election), they simply lack the votes to pass this disaster.

There is no need or purpose for this tax cut. The only reason Conservatives are pushing this is because they want to take more for their rich corporate donors and give you the shaft.

Taxes are transfer of wealth.

They cut taxes.

Transfers of wealth (or more accurately theft) has been reduced. You and everyone else should be happy.

Strictly speaking taxes are not a transfer of wealth if they go directly to paying for some govt function, such as DoD or DoS or DoJ, for examples.

Entitlement programs can be characterized as transfer programs, but with some of them like SS and Medicare the recipients paid in during years before they were eligible for benefits.

But all that is at best tangential to the question of whether the tax cut premised on spurring jobs with corp tax cuts and cuts for middle class workers was false advertising when looking at what the bills actually do.

Except most of it goes to the 47% who pay nothing.

You are a silly brainwashed twit who can only think in terms of federal income tax, stupid. If you count all taxes everyone pays about the same in percentage. Wake up and smell the coffee a******. LOL

People making $15K a year pay the same percent Fed and State taxes I do? In which parallel universe?

They pay 18%you paid 24 add fees and they are probably up to 20%

 

[Markle]

Taxes are transfer of wealth.

Yes, they are. And Conservatives are using taxes to transfer wealth to the top 1% for no other reason than to secure campaign donations. Not because they make economic sense (they don't). Not because they make fiscal sense (they don't). But only and exclusively because that's what their rich donors want. We know this because one of the Republicans even said it.

They cut taxes.

Which cuts revenue, which results in deficits. Your tax cuts create deficits. That's because tax cuts don't pay for themselves; never have and never will.

In fact, Bush's Tax Cuts lost jobs. Over 800,000 net private sector jobs were lost during the first four years of the Bush Tax Cuts (2001-2004), and over 400,000 net private sector jobs were lost after eight years of the Bush Tax Cuts.

Transfers of wealth (or more accurately theft) has been reduced. You and everyone else should be happy.

They're not reduced. Taxes for at least half of those who earn up to $100K a year will go up.

 

[Markle]

You are still talking federal income taxes only, brainwashed super dupe.

That's the topic. Go figure!

 

[Boss]

Do Conservatives seriously think that their budget-busting, deficit-expanding transfer of wealth from the 99% to the top has any chance of passing in this political environment? Never mind the fact that tax cuts never deliver on any of the promises made of them, never mind the fact that we just went through this 16 years ago with Bush the Dumber and 5 years ago with Brownback in Kansas, and never mind the fact that Conservative policy has been stuck in the same rut for 40 years, why would these tax cuts magically grow the economy when they didn't before?

About half of all people making under $100K will either see no change in their taxes, or an increase in their taxes because of the elimination of deductions. Meanwhile the top 0.1% will benefit the most from this tax plan, with the 1% also benefiting immensely, some of whom will see their taxes cut in half. To pay for tax cuts for the rich, the Conservatives are eliminating state & local tax deductions, capping mortgage interest deductions, eliminating grad school (re: STEM grad students) tuition deductions, eliminating student loan interest deductions, eliminating the child tax credit, eliminating EITC, eliminating the AMT, eliminating medical expense deductions, deductions for teachers who buy school supplies for their students, the adoption tax credit, etc.

There is nothing in this Conservative tax plan that benefits anyone other than the very rich and their pet corporations.

It also increases the deficit beyond 10 years which means it's either got to have an expiration date (thus eliminating the entire purpose of this thing) or it needs 60 votes in the Senate to pass. Since Conservatives only have a 52-48 majority (which could drop to 51-49 pending AL's Senate election), they simply lack the votes to pass this disaster.

There is no need or purpose for this tax cut. The only reason Conservatives are pushing this is because they want to take more for their rich corporate donors and give you the shaft.

I don't know where to start with this. First of all, you apparently don't know what a Conservative is. At this time, Conservatives have very little power in the GOP. IT's predominately establishment Republicans and Nationalist-Populists who control the agenda. Conservative voices have been relegated to the back seat for now.

Having clarified that major error, I can tell you that MOST Conservatives aren't pleased with either the House or Senate tax plan. However, it's not for the same cockamamie reasons you leftards are opposed. You see, all you are doing is parroting what you've heard on TV from your mentors on the left. You have not one clue about which you speak. You're basically a borderline retard who relies on someone else to tell you what to think.

These "deductions" you are all now whining and moaning about, are precisely what you called "loopholes" just a few years ago, and claimed the tax code was full of these and it advantaged the wealthy over the 99%. Now that Republicans are proposing eliminating them, you've suddenly became in favor of them! For instance, they proposed a cap on mortgage interest deduction... so that, you know, "evil rich people" who live in million-dollar mansions, can't claim but so much of their interest-- but suddenly, that's a BAD thing! And it's mostly the upper middle class who itemize deductions anyway. The lower middle and poor will generally take the standard deduction, which is to be DOUBLED!

Then you just roll into outright lies and falsehoods about EIC. It's actually being expanded. So your entire rant is full of absolute bullshit... from the understanding of what Conservatism is to the actual bill being proposed by feckless Republicans who probably won't get it passed, even without the 60-vote requirement.

 

[Markle]

What tax increase was that? Are you referring to the payroll tax cut that expired after two years? You're trying to pretend that was a tax increase?

Proving once again that you are many fries short of a Happy Meal. Do you enjoy making a fool of yourself?

 

[Markle]

Why not give the middle class the biggest cuts? Why don't they come out and really cut middle class taxes big time and a smaller cut for the wealthy? Why does this never happen? Also what sense does it make to eliminate state tax deductions? To stick it to the middle class? Yes it is apparent the wealthy will really come out big time.....nothing new here.

Eliminating state tax deductions evens the playing field among the states. All taxpayers pay generally the same amount of state taxes regardless of where they reside. States with an income tax have the benefit of a deduction not available to the residents in states without an income tax. So overall I pay the same amount of taxes in a state with an income tax but I get nothing to deduct.

 

[EvilEyeFleegle]

Why not give the middle class the biggest cuts? Why don't they come out and really cut middle class taxes big time and a smaller cut for the wealthy? Why does this never happen? Also what sense does it make to eliminate state tax deductions? To stick it to the middle class? Yes it is apparent the wealthy will really come out big time.....nothing new here.

Eliminating state tax deductions evens the playing field among the states. All taxpayers pay generally the same amount of state taxes regardless of where they reside. States with an income tax have the benefit of a deduction not available to the residents in states without an income tax. So overall I pay the same amount of taxes in a state with an income tax but I get nothing to deduct.

And it punishes Blue States for daring to have services Red States can't pay for..so there's that!!

 

[Markle]

And it punishes Blue States for daring to have services Red States can't pay for..so there's that!!

Does the huge font make up for the shortcomings your post?

Take California, yep, they give away and commit to BILLIONS/TRILLIONS in giveaways for which they are DEEPLY in debt. While they are deeply in debt, they are going ahead with a useless trillion dollar highspeed rail system. The price of which skyrockets every time they have a new estimate.

We in Florida have all the necessary safety nets but we wisely passed on Obama's offer to chip in a few billion if we also built a worthless highspeed rail. Our government employee retirement plan is well funded. California is trillions in debt. How is theirs doing?