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

[ThisIsMe]

These guys sacrifice their bodies for the entertainment of the people. When they make a million dollars a year, to have 900,000 dollars of it taken away, so some progressive lazy fucking slave can sit on their ass and smoke dope, i just cant see those big guys agreeing with that taxation.

The wealth tax they are talking about is a tax on anything earned like over 10 million or something like that. And that money would be taxed at a 90% rate.

 

[Mikeoxenormous]

I repeat myself...


The estimated aggregate cost of the War on Poverty is nearly $28 trillion, which is three and a half times higher than the $8 trillion total price tag of every major war since the American Revolution.

It’s Time to Admit the Feds Are Making Poverty Worse—Not Better​

www.independent.org/news/article.asp?id=11707



William Jefferson Clinton after raising taxes on the elderly, lost the Congress(after 40 years of Democrat Control) and Newt Gingrich and the contract with America had two years of welfare and then it was cut off, so people had to learn skills or get a job. Clinton's unemployment rate became the lowest since WWII. Then the brown turd Obammy, the 1/2 white president, by EO made it that Welfare was forever. You got issues with tax and spend, then stop paying fuckers like you to sit on their ass and get paid to do it.

 

[Flash]

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.

Whenever there have been tax increases the Democrats assholes have spent the money on more bullshit stuff and the debt has increased.

 

[Mikeoxenormous]

The wealth tax they are talking about is a tax on anything earned like over 10 million or something like that. And that money would be taxed at a 90% rate.

So you want to tax businesses out of business? Why dont you create a business like Jeff Bezos(A flaming liberal) and you pay 90% of what you earn. Egad, you are such a Joe Biden Voter.

 

[Flash]

The sane answer is to never raise more taxes but to spend less money. Something the Democrat filth and their RINO buddies never seem to understand.

 

[Toddsterpatriot]

The main federal tax is the individual income tax, which accounts for roughly half of all federal revenue and which tens of millions of middle-class people pay throughout the year as employers withhold taxes from their paychecks. To a great degree, however, the income tax is essentially voluntary for the nation’s richest people. Much of their income comes in the form of gains in the value of their stocks and other assets, and they can avoid taxes on those gains if they hold on to their assets rather than sell them. When high-income households do pay tax on their income from their assets — such as capital gains and dividends — they pay at tax rates that are far lower than the tax rates they would pay on wages and salaries.

ProPublica Shows How Little the Wealthiest Pay in Taxes: Policymakers Should Respond Accordingly | Center on Budget and Policy Priorities

Policymakers should look to increase taxes on the nation’s wealthiest households, which not only enjoy enormous tax breaks but also have done extremely well in recent decades.

www.cbpp.org

The wealthy even pay a higher capital gains tax rate than the middle class. LOL!

 

[kyzr]

Trump tax cuts expire in 2025. Get over it.

Those tax cuts will NEVER be made permanent.

 

[Toddsterpatriot]

The main federal tax is the individual income tax, which accounts for roughly half of all federal revenue and which tens of millions of middle-class people pay throughout the year as employers withhold taxes from their paychecks. To a great degree, however, the income tax is essentially voluntary for the nation’s richest people. Much of their income comes in the form of gains in the value of their stocks and other assets, and they can avoid taxes on those gains if they hold on to their assets rather than sell them. When high-income households do pay tax on their income from their assets — such as capital gains and dividends — they pay at tax rates that are far lower than the tax rates they would pay on wages and salaries.

ProPublica Shows How Little the Wealthiest Pay in Taxes: Policymakers Should Respond Accordingly | Center on Budget and Policy Priorities

Policymakers should look to increase taxes on the nation’s wealthiest households, which not only enjoy enormous tax breaks but also have done extremely well in recent decades.

www.cbpp.org

Thanks for the link.

Bezos sold Amazon shares worth roughly $6.3 billion between 2009 and 2018, according to SEC filings,[12] but the tax code ignores the rest of his $100 billion gain. Thus, his tax bill on a decade of stock sales likely was about $1.5 billion, or less than 1.5 percent of his increase in wealth due to the appreciation of his Amazon stock.

He paid $1.5 billion on $6.3 billion in capital gains.
23.8%. A rate higher than the bottom 90%.

 

[Toddsterpatriot]

Trump tax cuts expire in 2025. Get over it.

Those tax cuts will NEVER be made permanent.

Not if them Dems have anything to say about it.
They never cut taxes on the middle class.

 

[Aldo Raine]

The key to eliminating the debt is to get Sleepy Joe to cut Government Waste, not punish the people with higher taxes.

Both need to happen.

 

[Aldo Raine]

Cut spending. No other way to put it. Cut spending.

Do both, cut spending and up taxes on corporations and uber wealthy to start paying down the debt.

 

[Aldo Raine]

We need to go back to pre-Reagan when it comes to the top 1 and 10% of the country. That would help pay down the debt.

Eliminating their many loopholes would be an even better way to get the revenue up.

 

[ColonelAngus]

U.S. Federal Government Tax Revenue

The federal government generates tax revenue through sources like income and corporate taxes. Learn how much tax revenue the U.S. generates each year.

www.thebalancemoney.com

FISCAL YEAR	REVENUE
FY 2021	$4.05 trillion
FY 2020	$3.42 trillion
FY 2019	$3.46 trillion
FY 2018	$3.33 trillion
FY 2017	$3.32 trillion
FY 2016	$3.27 trillion
FY 2015	$3.25 trillion
FY 2014	$3.02 trillion
FY 2013	$2.78 trillion
FY 2012	$2.45 trillion
FY 2011	$2.30 trillion
FY 2010	$2.16 trillion
FY 2009	$2.11 trillion

There are the receipts.

SMD KMA DIAF

You cult fucks just lie lie lie.

What the fuck is wrong with you c-words.

 

[Aldo Raine]

Actually 1/4 of the US debt is from under trump, brainwashed functional moron.

And he was able to do that in just 1 term, 4 short year's! Now that is truly MAGA!

 

[Frankenstein]

Just like the Republicans.

Nope!

 

[Mikeoxenormous]

Thanks for the link.

Bezos sold Amazon shares worth roughly $6.3 billion between 2009 and 2018, according to SEC filings,[12] but the tax code ignores the rest of his $100 billion gain. Thus, his tax bill on a decade of stock sales likely was about $1.5 billion, or less than 1.5 percent of his increase in wealth due to the appreciation of his Amazon stock.

He paid $1.5 billion on $6.3 billion in capital gains.
23.8%. A rate higher than the bottom 90%.

How come the poor never pay their fair share of income taxes?

 

[Mikeoxenormous]

Not if them Dems have anything to say about it.
They never cut taxes on the middle class.

That is because the Dems need more slaves to support their spending problem...

 

[kyzr]

That is because the Dems need more slaves to support their spending problem...

We're not slaves, and we're not peons either. We need to stop borrowing. The US credit rating will be "JUNK" status any day now. Then we won't be able to borrow.

 

[jknowgood]

What will you cut spending on?

Cut the government spending and employees by 50%. Except for the military, social security for people that paid into it, and medicare.

 

[Flash]

U.S. Federal Government Tax Revenue

The federal government generates tax revenue through sources like income and corporate taxes. Learn how much tax revenue the U.S. generates each year.

www.thebalancemoney.com

FISCAL YEAR	REVENUE
FY 2021	$4.05 trillion
FY 2020	$3.42 trillion
FY 2019	$3.46 trillion
FY 2018	$3.33 trillion
FY 2017	$3.32 trillion
FY 2016	$3.27 trillion
FY 2015	$3.25 trillion
FY 2014	$3.02 trillion
FY 2013	$2.78 trillion
FY 2012	$2.45 trillion
FY 2011	$2.30 trillion
FY 2010	$2.16 trillion
FY 2009	$2.11 trillion

There are the receipts.

SMD KMA DIAF

You cult fucks just lie lie lie.

What the fuck is wrong with you c-words.

The filthy ass Federal government collects over $4 trillion a year, which is greater than the GDP of all but three other counties on earth and that is not enough. They want more, more, more! Those welfare queens need their money. The Illegals need their free stuff. The environmental wackos need their EV subsidies.