GOP Unveils Bill To Make Trump Tax Cuts Permanent While Howling About Debt

[struth]

The rich people have been getting away with murder since 1987. And no one is talking about raising taxes on regular people, cutting them if anything....

who’s talking about cutting them? the last time that happened trump signed the legislation

 

[Smokin' OP]

It would some time be interesting to actually look at the full record but what I said was

Here ya' go.
"However we can also be in total agreement that lowering tax rates can be followed by more debt, and this has happened many times in the past. What I was saying is that lowering tax rates can raise revenue. If we raise revenue and then increase spending even more, then of course debt will increase".

Republicans keep repeating the first part, but ignore the second part when they're in charge.
They remember the second part, when democrats are in charge.

--and this is what we need to set aside, agree on, or revise.

There's something else, it's the fact that the rich aren't hurt as much because they just cut back on working. This means they lay off employees who are the ones who suffer more.

Well, Carrier was given taxpayer $$$ and they eliminated work and laid off people.

Hundreds Of Carrier Factory Jobs To Move To Mexico - NPR​

https://www.npr.org › 2017/06/26 › hundreds-of-carrier-f...


Jun 26, 2017 — Hundreds Of Carrier Factory Jobs To Move To Mexico ... involves $7 million in tax breaks, which were conditional on some job training, ...

Harley did the same.

Harley-Davidson Builds Plant in Thailand with Trumps Bonus ...​

https://www.laborpress.org › harley-davidson-builds-pl...


Consistent with large corporations, monies gained in tax incentives are used to move american jobs overseas. Harley-Davidson will be opening a large factory ...

 

[expat_panama]

Here ya' go.
"However we can also be in total agreement that lowering tax rates can be followed by more debt, and this has happened many times in the past. What I was saying is that lowering tax rates can raise revenue. If we raise revenue and then increase spending even more, then of course debt will increase".

Republicans keep repeating the first part, but ignore the second part when they're in charge.
They remember the second part, when democrats are in charge.

Well, Carrier was given taxpayer $$$ and they eliminated work and laid off people.

Hundreds Of Carrier Factory Jobs To Move To Mexico - NPR​

https://www.npr.org › 2017/06/26 › hundreds-of-carrier-f...


Jun 26, 2017 — Hundreds Of Carrier Factory Jobs To Move To Mexico ... involves $7 million in tax breaks, which were conditional on some job training, ...

Harley did the same.

Harley-Davidson Builds Plant in Thailand with Trumps Bonus ...​

https://www.laborpress.org › harley-davidson-builds-pl...


Consistent with large corporations, monies gained in tax incentives are used to move american jobs overseas. Harley-Davidson will be opening a large factory ...

Now we're getting bogged down w/ how evil corporations are; let's please step back and take one thing at a time.

First, let's agree that if tax rates are excessively high then revenue will fall, and if we cut them back a bit then revenue can increase.

Second, let's understand that a tax break is not relieving taxpayer $$. A tax break is that there's some of a citizen's money the government decides not to confiscate, that the government is not taking as much in taxes and letting the poor guy keep a little bit of his money that he worked hard for. It is not giving anything, it's just taking less but still taking some.

 

[Toddsterpatriot]

Taxes on the Rich Were Not Much Higher in the 1950s​

https://taxfoundation.org › taxes-on-the-rich-1950s-not...


Aug 4, 2017 — [1] The top federal income tax rate was 91 percent in 1950 and 1951, and between 1954 and 1959. In 1952 and 1953, the top federal income tax ...

Were you lying, or ignorant, when you said the corporate rate was 90%?

 

[Toddsterpatriot]

Here ya' go.
"However we can also be in total agreement that lowering tax rates can be followed by more debt, and this has happened many times in the past. What I was saying is that lowering tax rates can raise revenue. If we raise revenue and then increase spending even more, then of course debt will increase".

Republicans keep repeating the first part, but ignore the second part when they're in charge.
They remember the second part, when democrats are in charge.

Well, Carrier was given taxpayer $$$ and they eliminated work and laid off people.

Hundreds Of Carrier Factory Jobs To Move To Mexico - NPR​

https://www.npr.org › 2017/06/26 › hundreds-of-carrier-f...


Jun 26, 2017 — Hundreds Of Carrier Factory Jobs To Move To Mexico ... involves $7 million in tax breaks, which were conditional on some job training, ...

Harley did the same.

Harley-Davidson Builds Plant in Thailand with Trumps Bonus ...​

https://www.laborpress.org › harley-davidson-builds-pl...


Consistent with large corporations, monies gained in tax incentives are used to move american jobs overseas. Harley-Davidson will be opening a large factory ...

Well, Carrier was given taxpayer $$$ and they eliminated work and laid off people.

No, they weren't.

involves $7 million in tax breaks,
As your own source shows.

which were conditional on some job training, on keeping those thousand and change people working in Indianapolis and on $16 million in investment at the factory.

More than once.

You're probably a big AOC fan.

 

[Toddsterpatriot]

Taxes on the Rich Were Not Much Higher in the 1950s​

https://taxfoundation.org › taxes-on-the-rich-1950s-not...


Aug 4, 2017 — [1] The top federal income tax rate was 91 percent in 1950 and 1951, and between 1954 and 1959. In 1952 and 1953, the top federal income tax ...

Both? DURR

 

[Aldo Raine]

we’ll, you all are blaming it on trump. So, are you saying trump was wrong for asking for more stimulus? Are you saying he should have asked for less?

Did NOT blame it on tRump. Staying HE asked for a bigger package then was passed when a poster blamed the Dims for the big stimulus. All caught up now!

 

[Smokin' OP]

Were you lying, or ignorant, when you said the corporate rate was 90%?

Sorry about that Q-NUT, they were 91%.

Proponents of this view often point to the 1950s, when the top federal income tax rate was 91 percent for most of the decade.

The 91 percent bracket of 1950 only applied to households with income over $200,000 (or about $2 million in today’s dollars). Only a small number of taxpayers would have had enough income to fall into the top bracket—fewer than 10,000 households.
Even among households that did fall into the 91 percent bracket, the majority of their income was not necessarily subject to that top bracket. After all, the 91 percent bracket only applied to income above $200,000.

SO.......Grampa made $210,000 a year making rocking chairs?
NO, dumfuck, that would be corporations.

 

[Toddsterpatriot]

Sorry about that Q-NUT, they were 91%.

Proponents of this view often point to the 1950s, when the top federal income tax rate was 91 percent for most of the decade.

The 91 percent bracket of 1950 only applied to households with income over $200,000 (or about $2 million in today’s dollars). Only a small number of taxpayers would have had enough income to fall into the top bracket—fewer than 10,000 households.
Even among households that did fall into the 91 percent bracket, the majority of their income was not necessarily subject to that top bracket. After all, the 91 percent bracket only applied to income above $200,000.

SO.......Grampa made $210,000 a year making rocking chairs?
NO, dumfuck, that would be corporations.

Sorry about that Q-NUT, they were 91%.

Liar.

NO, dumfuck, that would be corporations.

Silly twat, the corporate rate was never that high.

 

[Cellblock2429]

A group of more than 70 House Republicans introduced legislation this week that would make elements of the 2017 Trump tax cuts permanent, delivering a huge windfall to the rich and choking off more federal revenue at a time when Republican fearmongering over the national debt is at a fever pitch.

Led by Reps. Vern Buchanan (R-Fla.) and Michael McCaul (R-Texas), the TCJA Permanency Act, would cement into federal law tax cuts for individuals that are set to expire at the end of 2025.

The original 2017 tax law, the Tax Cuts and Jobs Act, made most of its corporate tax provisions permanent. In a statement Wednesday, the Biden White House said Trump and congressional Republicans "deliberately sunset portions of their tax giveaway" in order to "conceal how much their plan added to the debt."

According to a Congressional Budget Office (CBO) analysis released last year, extending the individual provisions of the Trump-GOP tax law would cost around $2.2 trillion through 2032. A separate Tax Policy Center analysis estimated that the extension would deliver an average tax cut of $175,710 to the richest 0.1%.

'Absolute hypocrisy': GOP unveils bill to make Trump tax cuts permanent while howling about debt

A group of more than 70 House Republicans introduced legislation this week that would make elements of the 2017 Trump tax cuts permanent, delivering a huge windfall to the rich and choking off more federal revenue at a time when Republican fearmongering over the national debt is at a fever...

www.rawstory.com

Ain't happening. Not only does the complete package need to go away, and all of the tax cuts repealed, but after these criminals are removed from congress, the tax cuts for the corporate welfare trash needs to be repealed all the way back to 1980, and the tax rates, and regulations of the 1970's restored.

/----/ How dare Republicans allow the great unwashed to keep more of their own money. Only democRATs have the compassion and wisdom to drain the pockets of the working class under the guise of sticking it to the evil, greedy rich.

 

[Cellblock2429]

Sorry about that Q-NUT, they were 91%.

Proponents of this view often point to the 1950s, when the top federal income tax rate was 91 percent for most of the decade.

The 91 percent bracket of 1950 only applied to households with income over $200,000 (or about $2 million in today’s dollars). Only a small number of taxpayers would have had enough income to fall into the top bracket—fewer than 10,000 households.
Even among households that did fall into the 91 percent bracket, the majority of their income was not necessarily subject to that top bracket. After all, the 91 percent bracket only applied to income above $200,000.

SO.......Grampa made $210,000 a year making rocking chairs?
NO, dumfuck, that would be corporations.

/----/ Today's kids have no sense of history. They just glob on to a headline. The tax code of the 1950s included plenty of tax shelters and deductions to offset the high tax rates. For instance, credit card interest and all business meals were 100% deductible. A guy could take his wife on vacation, and make a sales call while away. His half of the trip was a business deduction. I know, becuase I remember when they all went away in the 1980s.

 

[expat_panama]

Well, Carrier was given taxpayer $$$ and they eliminated work and laid off people.

No, they weren't.

involves $7 million in tax breaks,
As your own source shows.

which were conditional on some job training, on keeping those thousand and change people working in Indianapolis and on $16 million in investment at the factory.

More than once.

You're probably a big AOC fan.

That's the same prob I ran into w/ smokin Joe --thinking that a tax break was some kind of subsidy. Lots of folks choose to be confused by that, it involves assuming that the government owns all and anything the gov't doesn't take is a GIFT to the person who worked for it in the first place.

Warped thinking, but that's mho....

 

[Smokin' OP]

Sorry about that Q-NUT, they were 91%.

Liar.

Of course, you can't prove otherwise.
Just like your dear leader.

NO, dumfuck, that would be corporations.

Silly twat, the corporate rate was never that high.

SO.................Grandpa did make $210,000 a year making rocking chairs?
Just when you think a teabagger can't get any dumber..........they surprise you.

 

[Smokin' OP]

That's the same prob I ran into w/ smokin Joe --thinking that a tax break was some kind of subsidy.

It is, moron.
If a restaurant gives certain people a 50% discount on meals and not anyone else, the restaurant is giving people a subsidy.
If a landlord is giving people free rent, it's a subsidy.

Lots of folks choose to be confused by that, it involves assuming that the government owns all

As usual, republicans "assume".

and anything the gov't doesn't take is a GIFT to the person who worked for it in the first place.

More republican..........."Assumptions"

Warped thinking, but that's mho....

Yeah, republicans got warped "thinking" down pat.
They constantly blame the government for what corporations are doing to them.
THEN, reward them with more tax cuts.

 

[Smokin' OP]

/----/ Today's kids have no sense of history. They just glob on to a headline. The tax code of the 1950s included plenty of tax shelters and deductions to offset the high tax rates. For instance, credit card interest and all business meals were 100% deductible. A guy could take his wife on vacation, and make a sales call while away. His half of the trip was a business deduction. I know, becuase I remember when they all went away in the 1980s.

I agree.
All kinds of deductions to lower their effective tax rate.

 

[BULLDOG]

If they paid the same rates, that would be a tax cut for the top 1%.

 

[Toddsterpatriot]

Of course, you can't prove otherwise.
Just like your dear leader.

SO.................Grandpa did make $210,000 a year making rocking chairs?
Just when you think a teabagger can't get any dumber..........they surprise you.

Of course, you can't prove otherwise.

I can't prove that the corporate rate was never 90%? LOL!

Moron.

 

[Toddsterpatriot]

View attachment 759388

Thanks for confirming your lack of understanding of our tax system.

 

[BULLDOG]

Thanks for confirming your lack of understanding of our tax system.

I didn't write the article in that link. Of course an anonymous conspiracy theory nut, such as yourself, would know more than the author.

 

[Toddsterpatriot]

I didn't write the article in that link. Of course an anonymous conspiracy theory nut, such as yourself, would know more than the author.

If you think that proves that the Forbes 400 pays a lower rate than their workers, you don't understand.