Tax Bill Charts Course To Fiscal Conservatism

[BluesLegend]

The biggest long term win of Trump's tax reform bill is that it charts a course away from personal debt and towards fiscal conservatism.

With most of the tax deductions related to personal debt lowered, capped, or eliminated over 90% of the people are now expected to take the standard deduction ($12,000/$24,000). If you are taking the standard deduction the government incentive for people to go into debt up to their eyeballs just vaporized.

 

[bendog]

The biggest long term win of Trump's tax reform bill is that it charts a course away from personal debt and towards fiscal conservatism.

With most of the tax deductions related to personal debt lowered, capped, or eliminated over 90% of the people are now expected to take the standard deduction ($12,000/$24,000). If you are taking the standard deduction the government incentive for people to go into debt up to their eyeballs just vaporized.

Only the wealthy will benefit from itemizing. The bill punishes workers for having debt but retains the advantages for the wealthy. It would not be a bad thing, possibly, to punish personal debt, but there's no way to avoid the gop is redistributing wealth by increasing public debt to finance a bill benefiting primarily upper earners.

 

[BluesLegend]

The biggest long term win of Trump's tax reform bill is that it charts a course away from personal debt and towards fiscal conservatism.

With most of the tax deductions related to personal debt lowered, capped, or eliminated over 90% of the people are now expected to take the standard deduction ($12,000/$24,000). If you are taking the standard deduction the government incentive for people to go into debt up to their eyeballs just vaporized.

Only the wealthy will benefit from itemizing. The bill punishes workers for having debt but retains the advantages for the wealthy. It would not be a bad thing, possibly, to punish personal debt, but there's no way to avoid the gop is redistributing wealth by increasing public debt to finance a bill benefiting primarily upper earners.

Wrong, itemized deductions for the wealthy are now capped or eliminated. Mortgage interest deduction lowered and capped. State income and property tax deduction lowered and capped. Tell us what itemized deductions are the wealthy going to take?

 

[LaDexter]

We need SPENDING CUTS, massive SPENDING CUTS, and Ryan/McConnell won't cut anything....

 

[BluesLegend]

We need SPENDING CUTS, massive SPENDING CUTS, and Ryan/McConnell won't cut anything....

The tax reform bill will push states to cut spending. People in high tax blue states who can no longer deduct the ridiculous state taxes off their federal taxes are going to have a hissy fit.

 

[LaDexter]

Pushing states to cut state spending is good.

Why can't we cut FEDERAL SPENDING since it has tripled since Newt was ousted???

 

[BluesLegend]

Pushing states to cut state spending is good.

Why can't we cut FEDERAL SPENDING since it has tripled since Newt was ousted???

Hell sequestration cut only a fraction of 1% of the federal budget and congress squealed like a stuck pig.

 

[LaDexter]

And your point is???

Ryan and McConnell are complete and total DISASTERS.

 

[jwoodie]

Pushing states to cut state spending is good.

Why can't we cut FEDERAL SPENDING since it has tripled since Newt was ousted???

Hell sequestration cut only a fraction of 1% of the federal budget and congress squealed like a stuck pig.

Automatic COLAs are at the heart of this problem, since they add to the deficit every year. Corporate Boards can't tie the hands of future Boards, so why should Congress be allowed to do it?

 

[LaDexter]

The argument that COLAs prevent Congress from cutting spending is right up there with the LEFT claiming Newt's budgets would throw elderly out in the streets.

There is untold waste, fraud, and abuse in the Fed budget.

McConnell and Ryan do not want to get rid of it, because they pocket it...

 

[NYcarbineer]

The biggest long term win of Trump's tax reform bill is that it charts a course away from personal debt and towards fiscal conservatism.

With most of the tax deductions related to personal debt lowered, capped, or eliminated over 90% of the people are now expected to take the standard deduction ($12,000/$24,000). If you are taking the standard deduction the government incentive for people to go into debt up to their eyeballs just vaporized.

It never fails to be a good laugh when RWnuts start threads about terms they don't know the meaning of.

Fiscal conservatism is the economic philosophy of prudence in government spending and debt. Fiscal conservatives advocate the avoidance of deficit spending, the reduction of overall government spending and national debt, and ensuring balanced budgets.

 

[BluesLegend]

And your point is???

Ryan and McConnell are complete and total DISASTERS.

I'm a fiscal conservative, an advocate for spending cuts, and no fan of Ryan or McConnell.

 

[BluesLegend]

The biggest long term win of Trump's tax reform bill is that it charts a course away from personal debt and towards fiscal conservatism.

With most of the tax deductions related to personal debt lowered, capped, or eliminated over 90% of the people are now expected to take the standard deduction ($12,000/$24,000). If you are taking the standard deduction the government incentive for people to go into debt up to their eyeballs just vaporized.

It never fails to be a good laugh when RWnuts start threads about terms they don't know the meaning of.

Fiscal conservatism is the economic philosophy of prudence in government spending and debt. Fiscal conservatives advocate the avoidance of deficit spending, the reduction of overall government spending and national debt, and ensuring balanced budgets.

^^^ this idiot either didn't read the OP or it was over his head.

 

[Remodeling Maidiac]

Pushing states to cut state spending is good.

Why can't we cut FEDERAL SPENDING since it has tripled since Newt was ousted???

Hell sequestration cut only a fraction of 1% of the federal budget and congress squealed like a stuck pig.

So. They need to be cooked like a pig.
CUT SPENDING ACROSS THE BOARD.

 

[BluesLegend]

Pushing states to cut state spending is good.

Why can't we cut FEDERAL SPENDING since it has tripled since Newt was ousted???

Hell sequestration cut only a fraction of 1% of the federal budget and congress squealed like a stuck pig.

So. They need to be cooked like a pig.
CUT SPENDING ACROSS THE BOARD.

No argument from me, we can start by eliminating the over $400 billion in government waste and fraud this year alone. That would pay for the tax cuts 3 times over.

 

[NYcarbineer]

The biggest long term win of Trump's tax reform bill is that it charts a course away from personal debt and towards fiscal conservatism.

With most of the tax deductions related to personal debt lowered, capped, or eliminated over 90% of the people are now expected to take the standard deduction ($12,000/$24,000). If you are taking the standard deduction the government incentive for people to go into debt up to their eyeballs just vaporized.

It never fails to be a good laugh when RWnuts start threads about terms they don't know the meaning of.

Fiscal conservatism is the economic philosophy of prudence in government spending and debt. Fiscal conservatives advocate the avoidance of deficit spending, the reduction of overall government spending and national debt, and ensuring balanced budgets.

^^^ this idiot either didn't read the OP or it was over his head.

lol, that's the best you can do? That makes it even funnier.

 

[LaDexter]

Newt did real fiscal conservatism = tax AND spending CUTS

W did "partial" = tax cuts and MASSIVE SPENDING INCREASES

In 1998, we were slightly better off as a country than we were in 2008....


The more government spends, the worse off America is....

 

[BluesLegend]

Newt did real fiscal conservatism = tax AND spending CUTS

W did "partial" = tax cuts and MASSIVE SPENDING INCREASES

In 1998, we were slightly better off as a country than we were in 2008....


The more government spends, the worse off America is....

The GOP lost the House and Senate due to their spending like there's no tomorrow but I doubt they learned their lesson, obviously since there's not one damn spending cut as part of this tax reform bill.

 

[LaDexter]

In 2006, it was completely obvious to everyone with a brain that W had done nothing but lie about everything

911
Iraq
AQ
Afghan
Axis of Evil

 

[BluesLegend]

In 2006, it was completely obvious to everyone with a brain that W had done nothing but lie about everything

911
Iraq
AQ
Afghan
Axis of Evil

How is Bush relevant to the thread?