Question for Ryan and supporters of the Tax Bill

[sedwin]

The fake tax cut provide their masters with a fake tax cut as they're already mostly paying less then this in offshored accounts. The real meat of this bill is the ass ******* of the poor, middle class and it allows the republican party to do what they will do next...

Next as in go after anything that helps the poor or middle class and all social protection in the work place.

they're already mostly paying less then this in offshored accounts

I wonder if that's the reason the money is offshore?

I wonder why people don't understand true capitalism. A capitalist reinvests in their businesses and pay higher wages so the majority can afford to buy their products making these rich folks more profitable. Hiding your funds in foreign accounts where you earn interest without paying taxes, reinvesting or increasing your consumer base is not capitalism...It's hoarding which is a mental disorder.

 

[Wry Catcher]

Why have the republicans given corporations a tax cut, and not a tax credit for profits stored overseas?

The Republican's claim this repatriated money will be used to provide jobs, but there is no guarantee it will be used to do so.

Have you read the tax reform bill?

Has ANYONE read the tax reform bill.300 pages presented a few hours before the vote. Some of it was scribbled in the margins.

Nope. If it is a money grab from the working people of America, and benefits Corporations and the very wealthy at the expense of the middle class, the working poor, the aged and disabled expect a sea change next November.

That we live in interesting times will become an understatement when the next general election kicks out the authors of this boondoggle and replace them with Democrats; the R's will not only shoot themselves in the foot, they will shoot each other and blame The Trump.

 

[S.J.]

I'll state the obvious. The reason Democrats oppose this bill is because they know it will stimulate the economy, unemployment will go down, the deficit will go down, and productive Americans will prosper. That spells disaster for the Democratic Party in 2018.

 

[Wry Catcher]

Why have the republicans given corporations a tax cut, and not a tax credit for profits stored overseas?

The Republican's claim this repatriated money will be used to provide jobs, but there is no guarantee it will be used to do so.

Have you read the tax reform bill?

Has ANYONE read the tax reform bill.300 pages presented a few hours before the vote. Some of it was scribbled in the margins.

No one has, it was written by staff and transcribed by secretaries. It was a half a foot thick when presented to the Senators a few hours before the vote, and hand written changes were added to get to the votes necessary to pass in the Senate; more hand written changes will be added when the two chambers hash out disagreements between the two houses.

If you don't understand, go to a slaughter house and watch from the first squeal to the casings how sausage is made.

 

[Wry Catcher]

I'll state the obvious. The reason Democrats oppose this bill is because they know it will stimulate the economy, unemployment will go down, the deficit will go down, and productive Americans will prosper. That spells disaster for the Democratic Party in 2018.

In short, you believe Voodoo / trickle down economy theory will work this time. Why is that?

IMHO human nature will claim the bulk of the GNP for those with the power, and the rest will be absorbed by legislators nation-wide to make it easier for laws to be passed which benefit the haves'.

Guess who will benefit from the new laws?

 

[The Derp]

The fake tax cut provide their masters with a fake tax cut as they're already mostly paying less then this in offshored accounts. The real meat of this bill is the ass ******* of the poor, middle class and it allows the republican party to do what they will do next...

Next as in go after anything that helps the poor or middle class and all social protection in the work place.

they're already mostly paying less then this in offshored accounts

I wonder if that's the reason the money is offshore?

I wonder why people don't understand true capitalism. A capitalist reinvests in their businesses and pay higher wages so the majority can afford to buy their products making these rich folks more profitable. Hiding your funds in foreign accounts where you earn interest without paying taxes, reinvesting or increasing your consumer base is not capitalism...It's hoarding which is a mental disorder.

Capitalism is flawed because it cannot provide an adequate standard of living for the working class.

 

[The Derp]

I'll state the obvious. The reason Democrats oppose this bill is because they know it will stimulate the economy, unemployment will go down, the deficit will go down, and productive Americans will prosper. That spells disaster for the Democratic Party in 2018.

It's not going to stimulate the economy because the economy is already growing above 3%. According to Goldman Sachs, it will only produce about an extra 0.3% for 2018 and 2019, then growth will either flat-line or turn negative.

So even Wall Street thinks this bill is a loser.

 

[Wry Catcher]

The fake tax cut provide their masters with a fake tax cut as they're already mostly paying less then this in offshored accounts. The real meat of this bill is the ass ******* of the poor, middle class and it allows the republican party to do what they will do next...

Next as in go after anything that helps the poor or middle class and all social protection in the work place.

they're already mostly paying less then this in offshored accounts

I wonder if that's the reason the money is offshore?

I wonder why people don't understand true capitalism. A capitalist reinvests in their businesses and pay higher wages so the majority can afford to buy their products making these rich folks more profitable. Hiding your funds in foreign accounts where you earn interest without paying taxes, reinvesting or increasing your consumer base is not capitalism...It's hoarding which is a mental disorder.

Capitalism is flawed because it cannot provide an adequate standard of living for the working class.

Deregulated Capitalism (i.e. lassiez faire) did not and never has benefited the needy, the poor or the aged - see the Gilded Age. The conservatives in every age have sought deregulation, and that is the cause of the left-right, Democratic-Republican split. Today that split has become a very large chasm.

Those who have, want more and more; those who don't need a fair deal.

 

[Dragonlady]

I'll state the obvious. The reason Democrats oppose this bill is because they know it will stimulate the economy, unemployment will go down, the deficit will go down, and productive Americans will prosper. That spells disaster for the Democratic Party in 2018.

No it won’t. Tax cuts do NOT create jobs. Supply side economics don’t work. They didn’t work under Reagan. They didn’t work under Bush 43. There has to be both supply and demand.

Demand has been surpressed because of stagnant wages. The working class has no savings and are now in debt. The middle class has lost a large chunk of their savings and is dwindling not growing.

Unemployment is low and thousands of jobs are going begging because of lack of qualified workers. Money needs to be spent on retraining and infrastructure, not tax cuts for the rich.

Reagan’s tax cuts, deficit spending and deregulation lead to the largest stock market crash since 1929. Bush 43’s tax cuts, deregulation and deficit spending lead to a total economic meltdown down that nearly took the world’s economy with it.

This will be worse, but because the world is moving away from the US, you won’t be taking down the world economy this time.

 

[BULLDOG]

Why have the republicans given corporations a tax cut, and not a tax credit for profits stored overseas?

The Republican's claim this repatriated money will be used to provide jobs, but there is no guarantee it will be used to do so.

Have you read the tax reform bill?

Has ANYONE read the tax reform bill.300 pages presented a few hours before the vote. Some of it was scribbled in the margins.

No one has, it was written by staff and transcribed by secretaries. It was a half a foot thick when presented to the Senators a few hours before the vote, and hand written changes were added to get to the votes necessary to pass in the Senate; more hand written changes will be added when the two chambers hash out disagreements between the two houses.

If you don't understand, go to a slaughter house and watch from the first squeal to the casings how sausage is made.

The "making sausage" comparison has long been used. It's dumb, and has nothing to do with the irregularities the right has introduced with this bill.

 

[Toddsterpatriot]

Tax credits would be a bad idea.

Why?

We want this money to come back.
Adding hoops will reduce the amount returned, reduce the benefit of money that does.

Corporations are already awash in cash and they’re not spending it on hiring or increased wages. They won’t be hiring or giving out raises with this money either.

Corporations are already awash in cash

And they didn't build that, eh?

and they’re not spending it on hiring

After all those jobs Obama created (or saved)?

They won’t be hiring or giving out raises with this money either.

Well then we'll have to watch for the added dividend tax revenue, the added CEO income tax revenue, the added capital gains tax revenue and the added sales growth from all those rich dudes spending their dividends and raises.

Trickle down didn’t work under Reagan and it didn’t work under W. Third time is NOT the charm. The only thing tax cuts have achieved is the greatest transfer of wealth the world has ever seen - all of it from the working and middle class to the wealthy.

The definition of insanity is doing the same thing over and over and expecting a different result. Republicans are, by definition, insane.

Trickle down didn’t work under Reagan

DERP!

 

[Toddsterpatriot]

they're already mostly paying less then this in offshored accounts

I wonder if that's the reason the money is offshore?

How does this make America Great Again?

Bringing a couple of trillion dollars back to our shores sounds like a good idea to me.

By rewarding bad behavior.

Earning money is bad behavior? Is interest theft?

Ask the fellows at Enron.

Corporations abused the tax law and that hurt America & you love them for it.

And the banker & mortgage sellers & Mortgage backed securities dealers did no bad making money that nearly caused a financial meltdown, According to you, that was great.

You;re a ******* moron.

Ask the fellows at Enron.

Every corporation with foreign earnings is Enron?
Were you born brain damaged, or was it a more recent occurrence?

Corporations abused the tax law

Which ones abused which law? How?

According to you, that was great.

That's a great straw man you've built there. And it's renewable!!!!

 

[The Derp]

Why?

We want this money to come back.
Adding hoops will reduce the amount returned, reduce the benefit of money that does.

Corporations are already awash in cash and they’re not spending it on hiring or increased wages. They won’t be hiring or giving out raises with this money either.

Corporations are already awash in cash

And they didn't build that, eh?

and they’re not spending it on hiring

After all those jobs Obama created (or saved)?

They won’t be hiring or giving out raises with this money either.

Well then we'll have to watch for the added dividend tax revenue, the added CEO income tax revenue, the added capital gains tax revenue and the added sales growth from all those rich dudes spending their dividends and raises.

Trickle down didn’t work under Reagan and it didn’t work under W. Third time is NOT the charm. The only thing tax cuts have achieved is the greatest transfer of wealth the world has ever seen - all of it from the working and middle class to the wealthy.

The definition of insanity is doing the same thing over and over and expecting a different result. Republicans are, by definition, insane.

Trickle down didn’t work under Reagan

View attachment 164294

DERP!

S&L Crisis.

 

[Toddsterpatriot]

The fake tax cut provide their masters with a fake tax cut as they're already mostly paying less then this in offshored accounts. The real meat of this bill is the ass ******* of the poor, middle class and it allows the republican party to do what they will do next...

Next as in go after anything that helps the poor or middle class and all social protection in the work place.

they're already mostly paying less then this in offshored accounts

I wonder if that's the reason the money is offshore?

I wonder why people don't understand true capitalism. A capitalist reinvests in their businesses and pay higher wages so the majority can afford to buy their products making these rich folks more profitable. Hiding your funds in foreign accounts where you earn interest without paying taxes, reinvesting or increasing your consumer base is not capitalism...It's hoarding which is a mental disorder.

Capitalism is flawed because it cannot provide an adequate standard of living for the working class.

Da, comrade!

 

[Toddsterpatriot]

We want this money to come back.
Adding hoops will reduce the amount returned, reduce the benefit of money that does.

Corporations are already awash in cash and they’re not spending it on hiring or increased wages. They won’t be hiring or giving out raises with this money either.

Corporations are already awash in cash

And they didn't build that, eh?

and they’re not spending it on hiring

After all those jobs Obama created (or saved)?

They won’t be hiring or giving out raises with this money either.

Well then we'll have to watch for the added dividend tax revenue, the added CEO income tax revenue, the added capital gains tax revenue and the added sales growth from all those rich dudes spending their dividends and raises.

Trickle down didn’t work under Reagan and it didn’t work under W. Third time is NOT the charm. The only thing tax cuts have achieved is the greatest transfer of wealth the world has ever seen - all of it from the working and middle class to the wealthy.

The definition of insanity is doing the same thing over and over and expecting a different result. Republicans are, by definition, insane.

Trickle down didn’t work under Reagan

View attachment 164294

DERP!

S&L Crisis.

Let's leave the Whitewater scandal out of this..........

 

[flacaltenn]

Why have the republicans given corporations a tax cut, and not a tax credit for profits stored overseas?

The Republican's claim this repatriated money will be used to provide jobs, but there is no guarantee it will be used to do so.

Any "credit for job creation" will be immediately and massively complicated and abused.

What SHOULD happen with the lowered corporate taxes -- is to STRIP all those "targeted tax credits" for producing stuff that are MATURE PRODUCTS and already available on the market.

NEITHER party will touch that. Thats why we need NEW parties. GE "paid no taxes" because they got $50 for every "energy efficient" appliance they produced. NOT because of their "tax rate" or "marginal tax rate"..

 

[Dragonlady]

Why?

We want this money to come back.
Adding hoops will reduce the amount returned, reduce the benefit of money that does.

Corporations are already awash in cash and they’re not spending it on hiring or increased wages. They won’t be hiring or giving out raises with this money either.

Corporations are already awash in cash

And they didn't build that, eh?

and they’re not spending it on hiring

After all those jobs Obama created (or saved)?

They won’t be hiring or giving out raises with this money either.

Well then we'll have to watch for the added dividend tax revenue, the added CEO income tax revenue, the added capital gains tax revenue and the added sales growth from all those rich dudes spending their dividends and raises.

Trickle down didn’t work under Reagan and it didn’t work under W. Third time is NOT the charm. The only thing tax cuts have achieved is the greatest transfer of wealth the world has ever seen - all of it from the working and middle class to the wealthy.

The definition of insanity is doing the same thing over and over and expecting a different result. Republicans are, by definition, insane.

Trickle down didn’t work under Reagan

View attachment 164294

DERP!

Even Reagan’s economic advisors have admitted that the rise in GDP was the result in the huge increase in government spending on military equipment and Star Wars technology and nothing to do with tax cuts.

 

[Wry Catcher]

I'll state the obvious. The reason Democrats oppose this bill is because they know it will stimulate the economy, unemployment will go down, the deficit will go down, and productive Americans will prosper. That spells disaster for the Democratic Party in 2018.

No it won’t. Tax cuts do NOT create jobs. Supply side economics don’t work. They didn’t work under Reagan. They didn’t work under Bush 43. There has to be both supply and demand.

Demand has been surpressed because of stagnant wages. The working class has no savings and are now in debt. The middle class has lost a large chunk of their savings and is dwindling not growing.

Unemployment is low and thousands of jobs are going begging because of lack of qualified workers. Money needs to be spent on retraining and infrastructure, not tax cuts for the rich.

Reagan’s tax cuts, deficit spending and deregulation lead to the largest stock market crash since 1929. Bush 43’s tax cuts, deregulation and deficit spending lead to a total economic meltdown down that nearly took the world’s economy with it.

This will be worse, but because the world is moving away from the US, you won’t be taking down the world economy this time.

Sadly this excellent post will not be read and considered by the supporters of the Republican Party, Trump, the leader of the Plutocratic Party and single issue voters who value their guns and control of Women and their rights to birth control, in all aspects.

 

[Wry Catcher]

Why have the republicans given corporations a tax cut, and not a tax credit for profits stored overseas?

The Republican's claim this repatriated money will be used to provide jobs, but there is no guarantee it will be used to do so.

Any "credit for job creation" will be immediately and massively complicated and abused.

What SHOULD happen with the lowered corporate taxes -- is to STRIP all those "targeted tax credits" for producing stuff that are MATURE PRODUCTS and already available on the market.

NEITHER party will touch that. Thats why we need NEW parties. GE "paid no taxes" because they got $50 for every "energy efficient" appliance they produced. NOT because of their "tax rate" or "marginal tax rate"..

With the exception of your first sentence I agree with the rest of you post, and here is why. If I understand the Republican argument, money repatriated will be used to hire and expand their business within the states.

IMO, unless there is a mandate to do so, they will use the money to for whatever they decide they want to do. And, that I will bet not to increase wages, benefits or number of employees. I suspect they will buy out competitors and line the pockets of the executive management and benefit preferred stock holders, not those who hold common stocks.

 

[Wry Catcher]

Why?

We want this money to come back.
Adding hoops will reduce the amount returned, reduce the benefit of money that does.

Corporations are already awash in cash and they’re not spending it on hiring or increased wages. They won’t be hiring or giving out raises with this money either.

Corporations are already awash in cash

And they didn't build that, eh?

and they’re not spending it on hiring

After all those jobs Obama created (or saved)?

They won’t be hiring or giving out raises with this money either.

Well then we'll have to watch for the added dividend tax revenue, the added CEO income tax revenue, the added capital gains tax revenue and the added sales growth from all those rich dudes spending their dividends and raises.

Trickle down didn’t work under Reagan and it didn’t work under W. Third time is NOT the charm. The only thing tax cuts have achieved is the greatest transfer of wealth the world has ever seen - all of it from the working and middle class to the wealthy.

The definition of insanity is doing the same thing over and over and expecting a different result. Republicans are, by definition, insane.

Trickle down didn’t work under Reagan

View attachment 164294

DERP!

National Debt:

Education | Why did the national debt in the hands of the public increase from approximately $700 billion to over $2,400 billion during the 1980s?

"About one-half of the publicly held federal government debt outstanding at the end of 2000 was accumulated in the 1980s...."