The GOP Plan Is the Biggest Tax Increase in American History, By Far

[nat4900]

Opposed by half the population....you mean the half that don't pay any taxes.

Actually opposed by those middle class citizens who are going to have to pick up the GIVE-AWAYs that the GOP whores in congress are giving to their pimp donors.

 

[Thinker101]

Opposed by half the population....you mean the half that don't pay any taxes.

Actually opposed by those middle class citizens who are going to have to pick up the GIVE-AWAYs that the GOP whores in congress are giving to their pimp donors.

Pick up the GIVE-AWAY's....what!!! They already have their Obamaphone's.

 

[bendog]

Opposed by half the population....you mean the half that don't pay any taxes.

Actually opposed by those middle class citizens who are going to have to pick up the GIVE-AWAYs that the GOP whores in congress are giving to their pimp donors.

But, they'll start off with the 30% who support Trump. Add the top quintile to that, and they may hold onto congress.

 

[Toddsterpatriot]

The GOP Plan Is the Biggest Tax Increase in American History, By Far

The tax bill moving its way through Congress is routinely referred to as a $1.5 trillion tax cut. And, in some ways, that’s true: on net, it would reduce the amount of taxes collected by the federal treasury by about $1.5 trillion over 10 years.

But that figure masks the eye-popping scale and audacity of the GOP’s rushed restructuring of the economy. Most immediately, the plan will take a large chunk out of state and local revenue that isn’t factored into that total. But more broadly, the bill cuts taxes by a full $6 trillion over a decade.

Senate Majority Leader Mitch McConnell, R-Ky., said Friday afternoon Senate Republicans have the votes to pass the plan, which gets referred to as only a $1.5 trillion cut because it raises $4.5 trillion in taxes elsewhere. But the key question is who gets a tax hike and who gets a tax cut. Put simply, the bulk of the tax cut is going toward the rich, while the tax increases go to everybody else.

And so the bill, properly described, is two things: the largest tax cut — and also the biggest tax increase — in American history.

The GOP Plan Is the Biggest Tax Increase in American History, By Far

Well, this fucking sucks! This is no tax cut unless you're in the top 5% of our society. This is fucked up.

Then liberals and democrats (but I repeat myself) should love it. They always say we need higher taxes and that if you don't want higher taxes, you're selfish.

I missed out on being a hippie in the 1960's, because I was going to college at night and working during the day, so I did not have the experience of living in an alternative universe fueled by magic mushrooms, and LSD. However, I am having that opportunity to experience an alternative universe now, by way of the republican economic policy. What to do when the country is running a $666 budget deficit for 2017? Why, decrease taxes, of course! What to do about the shrinking middle class on fixed income? Why, reduce Medicare and Social Security, naturally! Need to create new jobs? Give corporations 100% deductibles for buying robots! There is a threat that a guy in Iraq will float his Nissan pickup truck across the Atlantic and plant a homemade bomb under the pavement at Times Square? Then, spend more than the next 7 nations combined on military, and support over 200 military bases combined on foreign soil! What this country needs is to add a trillion dollars to the deficit over the next 10 years with a tax cut for individuals and corporations, and then eliminate those individual tax breaks in 10 years, while making the corporate reductions permanent! WHAT? You complain that the individuals will end up paying for corporate tax breaks? Obviously, you do not understand voodoo economics!

Grassley explains why people don’t invest: ‘Booze or women or movies’

Great post......Grassley is a fucking idiot who should be relegated to a nursing home for the deranged......(as he will soon be....)

This tax SCAM is opposed by more than half of the population, and is being rammed through STRICTLY for political reasons with the pending 2018 midterms.

ALWAYS ask yourself these 2 questions:

1. Why is this tax scam to be enacted AFTER the midterms........?
2. Why are corporate tax cuts PERMANENT while middle class tax cuts TEMPORARY?

Why is this tax scam to be enacted AFTER the midterms........?

In conference it should be changed to start in Jan 2018.

Why are corporate tax cuts PERMANENT while middle class tax cuts TEMPORARY?

Are you afraid Dems won't help pass a bill to make the middle class cuts permanent in a few years?

 

[Vandalshandle]

...and, of course, the GOP politicians are claiming that workers will benefit from increased corporate taxes, while CEO's are saying that investors will be rewarded, not workers:

The Republican tax cuts won't trickle down, CEO writes in scathing op-ed

 

[Vandalshandle]

...and history shows that corporate tax cuts do not spur corporate spending:

Evidence shows corporate tax cuts don't work

 

[Markle]

But, they'll start off with the 30% who support Trump. Add the top quintile to that, and they may hold onto congress.

What 30%? The support for President Donald Trump is increasing as real people see the massive improvements.

The most recent.

RealClearPolitics - Election Other - President Trump Job Approval

 

[Markle]

...and history shows that corporate tax cuts do not spur corporate spending:

Evidence shows corporate tax cuts don't work

All during the administration of petulant former President Barack Hussein Obama, the economist quoted in your source, Joe LaVorgna, wrongly forecast strong economic expansion. Two years ago he changed his view and in June of this year, he left Deutsche Bank on short notice. Deutsche Bank has refused to comment.

Joe LaVorgna Has Left Deutsche Bank


by Tyler Durden
Jun 26, 2017 12:00 PM

LaVorgna had long been optimistic about U.S. economic expansion. About two years ago he changed his view by correctly predicting a deceleration in gross domestic product growth. After Donald Trump was elected president of the U.S., the economist said the new leader was a “game changer” and that if the tax rate were lowered, stocks in the S&P 500 would rally.,

Joe LaVorgna Has Left Deutsche Bank

Looks like his forecasts and analyzing past events are not very reliable.

 

[Markle]

...and, of course, the GOP politicians are claiming that workers will benefit from increased corporate taxes, while CEO's are saying that investors will be rewarded, not workers:

The Republican tax cuts won't trickle down, CEO writes in scathing op-ed

They don't have to trickle down, they are going directly into the pockets of middle-income taxpayers.

 

[DOTR]

The GOP Plan Is the Biggest Tax Increase in American History, By Far

The tax bill moving its way through Congress is routinely referred to as a $1.5 trillion tax cut. And, in some ways, that’s true: on net, it would reduce the amount of taxes collected by the federal treasury by about $1.5 trillion over 10 years.

But that figure masks the eye-popping scale and audacity of the GOP’s rushed restructuring of the economy. Most immediately, the plan will take a large chunk out of state and local revenue that isn’t factored into that total. But more broadly, the bill cuts taxes by a full $6 trillion over a decade.

Senate Majority Leader Mitch McConnell, R-Ky., said Friday afternoon Senate Republicans have the votes to pass the plan, which gets referred to as only a $1.5 trillion cut because it raises $4.5 trillion in taxes elsewhere. But the key question is who gets a tax hike and who gets a tax cut. Put simply, the bulk of the tax cut is going toward the rich, while the tax increases go to everybody else.

And so the bill, properly described, is two things: the largest tax cut — and also the biggest tax increase — in American history.

The GOP Plan Is the Biggest Tax Increase in American History, By Far

Well, this fucking sucks! This is no tax cut unless you're in the top 5% of our society. This is fucked up.

Should make you happy then...yay more taxes! Next you'll be saying Trump is no christian and so shouldnt get our vote...oh wait...

 

[Vandalshandle]

...and, of course, the GOP politicians are claiming that workers will benefit from increased corporate taxes, while CEO's are saying that investors will be rewarded, not workers:

The Republican tax cuts won't trickle down, CEO writes in scathing op-ed

They don't have to trickle down, they are going directly into the pockets of middle-income taxpayers.

...so, I am on tenterhooks, waiting for your spin as to why individual tax cuts expire in 10 years, and corporate taxes do not, and that the bill will result in another $1 1/2 trillion in deficit, according to the bipartisan Congressional Budget Office, which SOMEBODY will have to pay; that "somebody" not being corporations, since their taxes are cut permanently.

A national sales tax is coming

 

[Avatar4321]

Matt clearly didn't read the article he posted