CBO: Poor Americans would lose billions under GOP tax plan

[eddiew37]

I'd vote for him in a NY minute to replace that loudmouthed ah there now

Yes, because he could magically cause another Internet Bubble, eh?

That was Wall Street ,,,,Clinton was the best president in your lifetime .......unless bj's bother you

Clinton didn't cause the Internet?
Then why do you feel he was a good president?

How many more do you want Todd


Prosperity

• Longest economic expansion in American history
  The President's strategy of fiscal discipline, open foreign markets and investments in the American people helped create the conditions for a record 115 months of economic expansion. Our economy has grown at an average of 4 percent per year since 1993.
  
  
  
  
• More than 22 million new jobs
  More than 22 million jobs were created in less than eight years -- the most ever under a single administration, and more than were created in the previous twelve years.
  
  
  
  
• Highest homeownership in American history
  A strong economy and fiscal discipline kept interest rates low, making it possible for more families to buy homes. The homeownership rate increased from 64.2 percent in 1992 to 67. 7 percent, the highest rate ever.
  
  
  
  
• Lowest unemployment in 30 years
  Unemployment dropped from more than 7 percent in 1993 to just 4.0 percent in November 2000. Unemployment for African Americans and Hispanics fell to the lowest rates on record, and the rate for women is the lowest in more than 40 years.
  
  
  
  
• Raised education standards, increased school choice, and doubled education and training investment
  Since 1992, reading and math scores have increased for 4th, 8th, and 12th graders, math SAT scores are at a 30-year high, the number of charter schools has grown from 1 to more than 2,000, forty-nine states have put in place standards in core subjects and federal investment in education and training has doubled.
  
  
  
  
• Largest expansion of college opportunity since the GI Bill
  President Clinton and Vice President Gore have nearly doubled financial aid for students by increasing Pell Grants to the largest award ever, expanding Federal Work-Study to allow 1 million students to work their way through college, and by creating new tax credits and scholarships such as Lifetime Learning tax credits and the HOPE scholarship. At the same time, taxpayers have saved $18 billion due to the decline in student loan defaults, increased collections and savings from the direct student loan program.
  
  
  
  
• Connected 95 percent of schools to the Internet
  President Clinton and Vice President Gore's new commitment to education technology, including the E-Rate and a 3,000 percent increase in educational technology funding, increased the percentage of schools connected to the Internet from 35 percent in 1994 to 95 percent in 1999.
  
  
  
  
• Lowest crime rate in 26 years
  Because of President Clinton's comprehensive anti-crime strategy of tough penalties, more police, and smart prevention, as well as common sense gun safety laws, the overall crime rate declined for 8 consecutive years, the longest continuous drop on record, and is at the lowest level since 1973.
  
  
  
  
• 100,000 more police for our streets
  As part of the 1994 Crime Bill, President Clinton enacted a new initiative to fund 100,000 community police officers. To date more than 11,000 law enforcement agencies have received COPS funding.
  
  
  
  
• Enacted most sweeping gun safety legislation in a generation
  Since the President signed the Brady bill in 1993, more than 600,000 felons, fugitives, and other prohibited persons have been stopped from buying guns. Gun crime has declined 40 percent since 1992.
  
  
  
  
• Family and Medical Leave Act for 20 million Americans
  To help parents succeed at work and at home, President Clinton signed the Family and Medical Leave Act in 1993. Over 20 million Americans have taken unpaid leave to care for a newborn child or sick family member.
  
  
  
  
• Smallest welfare rolls in 32 years
  The President pledged to end welfare as we know it and signed landmark bipartisan welfare reform legislation in 1996. Since then, caseloads have been cut in half, to the lowest level since 1968, and millions of parents have joined the workforce. People on welfare today are five times more likely to be working than in 1992.
  
  
  
  
• Higher incomes at all levels
  After falling by nearly $2,000 between 1988 and 1992, the median family's income rose by $6,338, after adjusting for inflation, since 1993. African American family income increased even more, rising by nearly $7,000 since 1993. After years of stagnant income growth among average and lower income families, all income brackets experienced double-digit growth since 1993. The bottom 20 percent saw the largest income growth at 16.3 percent.
  
  
  
  
• Lowest poverty rate in 20 years

The President's strategy of fiscal discipline, open foreign markets and investments in the American people helped create the conditions for a record 115 months of economic expansion. Our economy has grown at an average of 4 percent per year since 1993.

This awesome growth was all due to NAFTA?

no but it helped ,,,, and as a president bill makes trump look like the lying moron he is

 

[Toddsterpatriot]

Yes, because he could magically cause another Internet Bubble, eh?

That was Wall Street ,,,,Clinton was the best president in your lifetime .......unless bj's bother you

Clinton didn't cause the Internet?
Then why do you feel he was a good president?

How many more do you want Todd


Prosperity

• Longest economic expansion in American history
  The President's strategy of fiscal discipline, open foreign markets and investments in the American people helped create the conditions for a record 115 months of economic expansion. Our economy has grown at an average of 4 percent per year since 1993.
  
  
  
  
• More than 22 million new jobs
  More than 22 million jobs were created in less than eight years -- the most ever under a single administration, and more than were created in the previous twelve years.
  
  
  
  
• Highest homeownership in American history
  A strong economy and fiscal discipline kept interest rates low, making it possible for more families to buy homes. The homeownership rate increased from 64.2 percent in 1992 to 67. 7 percent, the highest rate ever.
  
  
  
  
• Lowest unemployment in 30 years
  Unemployment dropped from more than 7 percent in 1993 to just 4.0 percent in November 2000. Unemployment for African Americans and Hispanics fell to the lowest rates on record, and the rate for women is the lowest in more than 40 years.
  
  
  
  
• Raised education standards, increased school choice, and doubled education and training investment
  Since 1992, reading and math scores have increased for 4th, 8th, and 12th graders, math SAT scores are at a 30-year high, the number of charter schools has grown from 1 to more than 2,000, forty-nine states have put in place standards in core subjects and federal investment in education and training has doubled.
  
  
  
  
• Largest expansion of college opportunity since the GI Bill
  President Clinton and Vice President Gore have nearly doubled financial aid for students by increasing Pell Grants to the largest award ever, expanding Federal Work-Study to allow 1 million students to work their way through college, and by creating new tax credits and scholarships such as Lifetime Learning tax credits and the HOPE scholarship. At the same time, taxpayers have saved $18 billion due to the decline in student loan defaults, increased collections and savings from the direct student loan program.
  
  
  
  
• Connected 95 percent of schools to the Internet
  President Clinton and Vice President Gore's new commitment to education technology, including the E-Rate and a 3,000 percent increase in educational technology funding, increased the percentage of schools connected to the Internet from 35 percent in 1994 to 95 percent in 1999.
  
  
  
  
• Lowest crime rate in 26 years
  Because of President Clinton's comprehensive anti-crime strategy of tough penalties, more police, and smart prevention, as well as common sense gun safety laws, the overall crime rate declined for 8 consecutive years, the longest continuous drop on record, and is at the lowest level since 1973.
  
  
  
  
• 100,000 more police for our streets
  As part of the 1994 Crime Bill, President Clinton enacted a new initiative to fund 100,000 community police officers. To date more than 11,000 law enforcement agencies have received COPS funding.
  
  
  
  
• Enacted most sweeping gun safety legislation in a generation
  Since the President signed the Brady bill in 1993, more than 600,000 felons, fugitives, and other prohibited persons have been stopped from buying guns. Gun crime has declined 40 percent since 1992.
  
  
  
  
• Family and Medical Leave Act for 20 million Americans
  To help parents succeed at work and at home, President Clinton signed the Family and Medical Leave Act in 1993. Over 20 million Americans have taken unpaid leave to care for a newborn child or sick family member.
  
  
  
  
• Smallest welfare rolls in 32 years
  The President pledged to end welfare as we know it and signed landmark bipartisan welfare reform legislation in 1996. Since then, caseloads have been cut in half, to the lowest level since 1968, and millions of parents have joined the workforce. People on welfare today are five times more likely to be working than in 1992.
  
  
  
  
• Higher incomes at all levels
  After falling by nearly $2,000 between 1988 and 1992, the median family's income rose by $6,338, after adjusting for inflation, since 1993. African American family income increased even more, rising by nearly $7,000 since 1993. After years of stagnant income growth among average and lower income families, all income brackets experienced double-digit growth since 1993. The bottom 20 percent saw the largest income growth at 16.3 percent.
  
  
  
  
• Lowest poverty rate in 20 years

The President's strategy of fiscal discipline, open foreign markets and investments in the American people helped create the conditions for a record 115 months of economic expansion. Our economy has grown at an average of 4 percent per year since 1993.

This awesome growth was all due to NAFTA?

no but it helped ,,,, and as a president bill makes trump look like the lying moron he is

How much of the growth was due to the Internet that was totally unrelated to Clinton?

 

[DrLove]

If you answer - in red states that stupidly didn't expand Medicaid ..

Obamacare only works if you expand Medicaid?

That is SO not what i said - but carry on Trumpling!

Cuz you know - as your Orange God says: .. Obamacare is DEAD!!

Record level of sign-ups for Obamacare plans reported despite Trump administration opposition

 

[Winston]

I have an 85 year old widower cousin who is bedridden in a nursing home, and able to remain there because of Medicaid. He will never be ambulatory again, and Medicare does not pay for this. But, the GOP, and Trump, have decided that he is a moocher, and should not be soaking up tax dollars that really should be going to corporations and the rich. I have no idea what will become of him under the new tax bill. As he told me on the phone last month, "With luck, I'll be dead by then".

I have decided to call this budget the kick them when they are down budget. One trillion dollar cut in Medicaid over ten years. Almost two thirds of all nursing home residents are financed by Medicaid. Short of kicking them out in to the street, much like what was done to the mentally ill, I don't see how those cuts can be done. Most certainly, Medicaid financed programs like PACE that keep people OUT of nursing homes will be eliminated. Kick them when they are down.

Half a trillion dollar cut in Medicare. That means higher premiums and copays for Medicare beneficiaries, Half of those beneficiaries struggle by on less than $26,000 a year and already pay one out of every four dollars to their name in premiums and copays. Just how can they afford to pay those higher premiums and copays. Kick them when they are down.

The elimination of the medical expense deduction. If someone suffers from a chronic condition, disability, or other medical ailment that requires them to pay large out of pocket expenses, well they will no longer be able to deduct those expenses from their income. They will have to pay for those expenses with after tax dollars, not before tax dollars. Kick them when they are down.

Graduate students busting their ass to improve their education will have to pay taxes on tuition waivers. At a private school, like say Harvard or Duke, that could mean a tax expense of over a thousand bucks a month. A thousand bucks a month when they would be lucky to be making two thousand. Kick them when they are down.

Income security programs like SSI are slated to be cut by 653 billion dollars. Here we are talking about the disabled, the poorest of the poor, and most distressing, children with severe functional limitations. We are talking the mentally retarded, those that suffer from Muscular Dystrophy and, most commonly, Cerebral Palsy. Kick them when they are down.

When you contrast those kick them when they are down components with this reality, the value of the tax cut to the richest one percent is more than the TOTAL FREAKING INCOME of SEVENTY PERCENT of Americans, you end up with the most morally and ethically revolting budget proposal in the entire history of MANKIND.

And for you religious people, well that should be extremely distressing. We will be judged by how we treat the least among us. At least that is what I have always been taught. Kicking them when they are down is not going to fly come judgement day. And if this budget passes the price extracted by Karma is going to be immense.

 

[JimBowie1958]

This will make it harder for the poor to move upwards! Just how the rich like it.

Why are you opposed to Americans having choice on health insurance?

If they dont want it, who are you to say that they must have it?

 

[DrLove]

You know the OP is totally fabricating when saying that poor people lose billions. Since when did a poor American have a billion dollars?

It's a COLLECTIVE thing .. but your typical tRump disciple is not particularly good with words or READING.

 

[OKTexas]

Well, trickle-down failed - so Republicans will now try "trickle-UP"

This is largely because the legislation would eliminate the individual mandate, which requires nearly all Americans to get health insurance or pay a penalty. This would result in 13 million fewer people having coverage in 2027, the CBO found.

Many of the folks who would forgo coverage would have lower or moderate incomes and would have qualified for Medicaid or federal help paying their premiums or out-of-pocket health expenses, CBO found.

Those earning less than $40,000 a year would be worse off in 2025, when the bill's provisions would mostly be in effect, according to the report released Sunday. On the flip side, those with higher incomes would enjoy tax breaks.​

Poor Americans would lose billions under Senate GOP tax bill

Under the rules for reconciliation the tax cuts can not be permanent. If the ******* commiecrats would join in and get 60 votes in the senate they can be. So don't blame republicans, they will try to make them permanent later, but wouldn't need to with 60 votes.


.

 

[DrLove]

Our beloved Pres. Trump says his tax plan is best for the American people.

I have no reason to doubt our awesome president. ....

Russian troll

That gif made my day - PURRRfect, thanks .. you win thread!

 

[DrLove]

I have an 85 year old widower cousin who is bedridden in a nursing home, and able to remain there because of Medicaid. He will never be ambulatory again, and Medicare does not pay for this. But, the GOP, and Trump, have decided that he is a moocher, and should not be soaking up tax dollars that really should be going to corporations and the rich. I have no idea what will become of him under the new tax bill. As he told me on the phone last month, "With luck, I'll be dead by then".

I have decided to call this budget the kick them when they are down budget. One trillion dollar cut in Medicaid over ten years. Almost two thirds of all nursing home residents are financed by Medicaid. Short of kicking them out in to the street, much like what was done to the mentally ill, I don't see how those cuts can be done. Most certainly, Medicaid financed programs like PACE that keep people OUT of nursing homes will be eliminated. Kick them when they are down.

Half a trillion dollar cut in Medicare. That means higher premiums and copays for Medicare beneficiaries, Half of those beneficiaries struggle by on less than $26,000 a year and already pay one out of every four dollars to their name in premiums and copays. Just how can they afford to pay those higher premiums and copays. Kick them when they are down.

The elimination of the medical expense deduction. If someone suffers from a chronic condition, disability, or other medical ailment that requires them to pay large out of pocket expenses, well they will no longer be able to deduct those expenses from their income. They will have to pay for those expenses with after tax dollars, not before tax dollars. Kick them when they are down.

Graduate students busting their ass to improve their education will have to pay taxes on tuition waivers. At a private school, like say Harvard or Duke, that could mean a tax expense of over a thousand bucks a month. A thousand bucks a month when they would be lucky to be making two thousand. Kick them when they are down.

Income security programs like SSI are slated to be cut by 653 billion dollars. Here we are talking about the disabled, the poorest of the poor, and most distressing, children with severe functional limitations. We are talking the mentally retarded, those that suffer from Muscular Dystrophy and, most commonly, Cerebral Palsy. Kick them when they are down.

When you contrast those kick them when they are down components with this reality, the value of the tax cut to the richest one percent is more than the TOTAL FREAKING INCOME of SEVENTY PERCENT of Americans, you end up with the most morally and ethically revolting budget proposal in the entire history of MANKIND.

And for you religious people, well that should be extremely distressing. We will be judged by how we treat the least among us. At least that is what I have always been taught. Kicking them when they are down is not going to fly come judgement day. And if this budget passes the price extracted by Karma is going to be immense.

Can't nursing home residents on Medicaid (as you say - 2/3 of them) just live under a bridge somewhere?

That IS the Republican plan!

 

[Aries]

Our beloved Pres. Trump says his tax plan is best for the American people.

I have no reason to doubt our awesome president. ....

Russian troll

That gif made my day - PURRRfect, thanks .. you win thread!

I’ve suspected he’s a Russian hire for months. He does nothing but praise Donnie and puty. He’s a paid Russian poster.

 

[Flash]

Well, trickle-down failed - so Republicans will now try "trickle-UP"

This is largely because the legislation would eliminate the individual mandate, which requires nearly all Americans to get health insurance or pay a penalty. This would result in 13 million fewer people having coverage in 2027, the CBO found.

Many of the folks who would forgo coverage would have lower or moderate incomes and would have qualified for Medicaid or federal help paying their premiums or out-of-pocket health expenses, CBO found.

Those earning less than $40,000 a year would be worse off in 2025, when the bill's provisions would mostly be in effect, according to the report released Sunday. On the flip side, those with higher incomes would enjoy tax breaks.​

Poor Americans would lose billions under Senate GOP tax bill

Soo Moon Bat, stop forcing people to get health insurance is the same as depriving people of medical insurance? LOL!

**** subsidies. It is your responsibility to pay your own health care bill.

 

[Toddsterpatriot]

If you answer - in red states that stupidly didn't expand Medicaid ..

Obamacare only works if you expand Medicaid?

That is SO not what i said - but carry on Trumpling!

Cuz you know - as your Orange God says: .. Obamacare is DEAD!!

Record level of sign-ups for Obamacare plans reported despite Trump administration opposition

That is SO not what i said

Okay. Is it true?

Obamacare is DEAD!!

True story.

 

[dudmuck]

If you answer - in red states that stupidly didn't expand Medicaid ..

Obamacare only works if you expand Medicaid?

That is SO not what i said - but carry on Trumpling!

Cuz you know - as your Orange God says: .. Obamacare is DEAD!!

Record level of sign-ups for Obamacare plans reported despite Trump administration opposition

That is SO not what i said

Okay. Is it true?

Obamacare is DEAD!!

True story.

2 million signups doesnt seem like dead, try again.

 

[Dont Taz Me Bro]

Well, trickle-down failed - so Republicans will now try "trickle-UP"

This is largely because the legislation would eliminate the individual mandate, which requires nearly all Americans to get health insurance or pay a penalty. This would result in 13 million fewer people having coverage in 2027, the CBO found.

Many of the folks who would forgo coverage would have lower or moderate incomes and would have qualified for Medicaid or federal help paying their premiums or out-of-pocket health expenses, CBO found.

Those earning less than $40,000 a year would be worse off in 2025, when the bill's provisions would mostly be in effect, according to the report released Sunday. On the flip side, those with higher incomes would enjoy tax breaks.​

Poor Americans would lose billions under Senate GOP tax bill

Nobody should be forced to buy health insurance if they don't want it. That SCOTUS ruling was yet another bastardization of our Constitution

 

[Toddsterpatriot]

If you answer - in red states that stupidly didn't expand Medicaid ..

Obamacare only works if you expand Medicaid?

That is SO not what i said - but carry on Trumpling!

Cuz you know - as your Orange God says: .. Obamacare is DEAD!!

Record level of sign-ups for Obamacare plans reported despite Trump administration opposition

That is SO not what i said

Okay. Is it true?

Obamacare is DEAD!!

True story.

2 million signups doesnt seem like dead, try again.

You can get plenty of people to sign up for expensive, taxpayer subsidized bad ideas.

Just look at wind and solar the last 8 years.......

Or ethanol before that.

 

[DrLove]

I’ve suspected he’s a Russian hire for months. He does nothing but praise Donnie and puty. He’s a paid Russian poster.

We actually have several of those in our midst

 

[DrLove]

Obamacare is DEAD!!

True story.

You can tell yourself that a million times and it won't make it so.

I just re-upped by entirely awesome unsubsidized ACA-complient program for 2018 ...

Thanks Obama!!

 

[The Derp]

Nobody should be forced to buy health insurance if they don't want it. That SCOTUS ruling was yet another bastardization of our Constitution

Well, here's the thing. We have to pay for you moochers and layabouts that don't get insurance, then turn up at the ER to treat chronic conditions. So we're paying for it anyway. Question is do you want to pay less now or more later? Because those are your only choices.

 

[The Derp]

Conservative politicians and their trolls on these boards screeched like barnyard animals just 11 months ago that the debt will "cripple future generations". Then they voted 11 hours ago to increase the debt by at least $1.5T.

Conservatives are frauds. All of them. Every. Single. One.

 

[The Derp]

You can get plenty of people to sign up for expensive, taxpayer subsidized bad ideas..

Expensive? There are Obamacare plans with $0 monthly premiums now.

You're a ******* fraud.

Just look at wind and solar the last 8 years.......

No one said wind and solar would become cheap and more efficient overnight. But they have become cheaper and more efficient over the last 7 years. BTW - what happened to the economies of Texas, Oklahoma, and North Dakota? They all went in the shitter the minute the price per barrel dropped.