"We have to increase taxes on the wealthy"

[hadit]

The main problems are low tax revenue and the wealth and income gap. Of course.

The opposition to tax increases would drop significantly if any such were met with corresponding spending cuts. Every department could identify 1%-5% in waste that could be cut without affecting services. Heck, even eliminating baseline budgeting and making every program have to justify continued funding would help. Too many are on autopilot.

As it stands right now, any tax increases would simply be met with even greater levels of spending that would quickly eliminate any temporary gain in revenue (until the taxpayers figured out how to get around the increases).

 

[MisterBeale]

"Bannon allegedly told a NYU academic"

Corroboration of this story: none. Do you guys have any idea what sourcing or journalism is?

So tell me, is there a difference in your mind between these two statements;


". . . . there were, after all, rumors."

"Bannon allegedly told a NYU academic"

Critical thinking, not yoar strong suit, eh?

 

[Nostra]

Caught you. I had to tell you the cuts were temporary for the middle classes.

Once again, no you didn’t. But you just admitted you lied about it being a tax cut for the rich by admitting the middle class received part of the Trump across the board tax cuts.

 

[Nostra]

: crickets from
John Edgar Slow Horses
Mac1958
boevans

Still nothing.

I guess their handlers took the holidays off.

 

[boevans]

List all the specific tax cuts

No. You can look them up.

 

[boevans]

So tell me, is there a difference in your mind between these two statements;


". . . . there were, after all, rumors."

"Bannon allegedly told a NYU academic"

Critical thinking, not yoar strong suit, eh?

You just exposed your lack of it.

 

[j-mac]

Whoa. Holy crap. I'm not surprised by much any more, but this made me do a double-take. STEVE BANNON said this.

“I’m for a dramatic increase in corporate taxes. We have to increase taxes on the wealthy. For getting our guys’s taxes cut, we’ve got to cut spending, which they’re gonna resist. Where does the tax revenue come from? Corporations and the wealthy,” Bannon said during an interview with Semafor that was published Friday.

“And when they start squealing, we have a conversation,” the conservative media personality added. “We’re all partners in this, everybody’s going to take a little pain, but the working people are going to take less pain than you guys.”

On the campaign trail, Trump, Bannon’s former boss, said he wants to extend many provisions in his 2017 tax legislation, his signature economic achievement during his first White House term. He also vowed to slash taxes on tips and Social Security. Trump has also shown support for dropping the corporate income tax rate to 15 percent.

Personally, I'm for adding perhaps four new higher brackets on the top end. So yeah, I agree. On corporate taxes, we need to be careful and remain competitive globally, but I'm for establishing a Minimum Effective Tax Rate of maybe 10%, so that we don't have huge companies paying zero, like Amazon.

Thoughts?

Steve Bannon supports increasing taxes on the wealthy

So, Bannon says something, and instantly in Mac's mind, the entire Right must agree....What an idiot....

 

[boevans]

Nostra doubles down on his losses.

 

[boevans]

So, Bannon says something, and instantly in Mac's mind, the entire Right must agree....What an idiot....

Much of the right does agree with Bannon. So does j-mac, but he won't admit it that he is a Bannon thrall like Nostra.

 

[j-mac]

Much of the right does agree with Bannon. So does j-mac, but he won't admit it that he is a Bannon thrall like Nostra.

Nah, I think bomb throwers like Bannon are not what this country needs...I am more a Mark Levin"ite"....

 

[boevans]

Levin is a creep as well as often wildly imaginative.

 

[Captain Caveman]

No. You can look them up.

Because people can't. They don't know what taxes were reduced and therefore who has benefitted and who hasn't. Then there's tax the rich more but they haven't a clue how much or how, or what does rich mean. But it all sounds great hot air!!!!

And you like me many are in that category. I'm British and I actually Googled which ones were cut. That's why I asked!! Lol.

Ask a Lefty for facts, figures, and costings, the tumbleweed starts tumbling by.

 

[boevans]

Because people can't. They don't know what taxes were reduced and therefore who has benefitted and who hasn't. Then there's tax the rich more but they haven't a clue how much or how, or what does rich mean. But it all sounds great hot air!!!!

And you like me many are in that category. I'm British and I actually Googled which ones were cut. That's why I asked!! Lol.

Ask a Lefty for facts, figures, and costings, the tumbleweed starts tumbling by.

You did what I did, looked them up. Good on you. The rich keep their cut, and those below give theirs up.

 

[Captain Caveman]

You did what I did, looked them up. Good on you. The rich keep their cut, and those below give theirs up.

Then you know that the reductions benefitted all. Please clarify rich, anyone compared to the world earning above $32,000 is in the top 1%. Do you have a link, not a newspaper article, that shows the rich (whoever that is) kept their cut? Which rich, who, how, and what value? How did folk below give theirs up? Did they hand it over to someone? Do you have investments/savings?

Not being funny, but you're just talking hot air gobbledygook. People need facts, figures, links. More importantly, who are they? How did you "give yours up"? Run that through with me on how you did it?

 

[Nostra]

Nostra doubles down on his losses.

Still nothing from you.

Stay stupid, it's what you do best

 

[Nostra]

You did what I did, looked them up. Good on you. The rich keep their cut, and those below give theirs up.

Hey stupid, Trump has said he will make them permanent as part of his next tax cuts. Why didn't your Vegetable Messiah do that when Dimtards controlled everything for two years?

 

[Tumblin Tumbleweed]

Nope. We need to fucking rein in spending. Big time.

Period.

Amen.

Oh, hey BackFlush.

 

[Tumblin Tumbleweed]

Hey stupid, Trump has said he will make them permanent as part of his next tax cuts. Why didn't your Vegetable Messiah do that when Dimtards controlled everything for two years?

Why didn't your orange bag O' shit do it initially? Because he's useless.

 

[para bellum]

You did what I did, looked them up. Good on you. The rich keep their cut, and those below give theirs up.

False. All the brackets and tax credits from the TCJA will revert at the end of 2025, to the 2016 levels. The standard deduction will halve, the child tax credit will halve. The caps on the SALT deduction and MID will be eliminated. (that's a big tax cut for the wealthy right there)

Small businesses will lose the QBI deduction and bonus depreciation. That's a big tax increase on the middle class.

Every taxpayer will see a tax hike, but it will hit the middle and lower quintiles hardest, because they were the largest beneficiaries of the Trump tax cuts.

The only part of the TCJA that was permanent was the corporate rate reduction, and that will stay in place. (21% flat rate regardless of income).

 

[boevans]

Because people can't. They don't know what taxes were reduced and therefore who has benefitted and who hasn't. Then there's tax the rich more but they haven't a clue how much or how, or what does rich mean. But it all sounds great hot air!!!!

And you like me many are in that category. I'm British and I actually Googled which ones were cut. That's why I asked!! Lol.

Ask a Lefty for facts, figures, and costings, the tumbleweed starts tumbling by.

Of course, you can. Get to it, snuffles,.