Tax cuts - what you understand by this term?

[phipps66]

So they want to limit state and local taxes to 10k? Fuck that.

they also want to limit mortgage interest deduction to 500k indebtedness. This is a joke.

and remove the standard $4k deduction for having kids!

 

[Revolver]

and remove the standard $4k deduction for having kids!

Yes. Barely read that part as well. So it basically fucks the middle class.

 

[AGGAMEMNON66]

I gain nothing from telling lies.

Then why do it?

 

[phipps66]

Yes. Barely read that part as well. So it basically fucks the middle class.

Somebodies gotta cover what gets lost by giving up the estate tax.

 

[Rational Poster]

Then why do it?

I didn't.

Everything in the post was 100% accurate.

Sorry if that hurts your feelings or whatever.

 

[Mark Hunts FIST]

http://www.nationmaster.com/country-info/compare/Ireland/United-States/Economy

I'm disappointed in you. You are just going to put your tail between your legs and not respond? No more funny pics?

 

[kpt018]

The clear winners of the tax plan are large profitable corporations and folks with large estates. On an individual basis there will be winners and losers, most of the winners being high income earners. Some of the losers will be middle and upper middle class folks.

The only thing that is truly simplified is killing the AMT but they add other layers of complexity, like for those with pass-through income. The idea that it is overall simplified is fucking nonsense.

 

[TeTe]

Tax cuts are...tax cuts right?

Well not exactly.

To balance books, when taxes are being cut, spending is also being cut no rocket science in it.

So where exactly those spending cuts are going to be made? Infrastructure? Welfare?

OR

Keep spending BUT introduce new taxes.

What's your view?

I'd like to see tax cuts.. and a 25 percent reduction in military spending to offset it.

 

[Revolver]

The clear winners of the tax plan are large profitable corporations and folks with large estates. On an individual basis there will be winners and losers, most of the winners being high income earners. Some of the losers will be middle and upper middle class folks.

The only thing that is truly simplified is killing the AMT but they add other layers of complexity, like for those with pass-through income. The idea that it is overall simplified is fucking nonsense.

Wonder if it even passes. Republicans Reps in CA, NY, NJ and IL will probably lose their seats if it does.

A lot of older people who can actually benefit from itemizing medical expenses will hate it as well.

 

[kpt018]

Wonder if it even passes. Republicans Reps in CA, NY, NJ and IL will probably lose their seats if it does.

A lot of older people who can actually benefit from itemizing medical expenses will hate it as well.

My bet is the Senate kills it. Zero Dem support and Paul and Corker already said they would not vote for something that adds to the deficit. That leads them with only one more defector and you have moderates like Collins and Murkowski that may find this too regressive. And of course wild cards are McCain and now Flake (I'd suspect he would vote for it).

Seems like too small of a margin.

 

[RockstarChris]

When I lived in california they decided to put signs up at every traffic light stating that there was a camera even if there wasnt.

It worked perfectly and people stopped running red lights.

They then removed the signs because not enough people were running the lights and revenue was down.

If the world was all sunshine and rainbows then we wouldn't need the government as much, so they artificially cause chaos to show us all why we need them.

 

[AGGAMEMNON66]

I didn't.

Everything in the post was 100% accurate.

Sorry if that hurts your feelings or whatever.

 

[HIMBOB]

given your spelling, I assume you're Canadian/british/aussy so it's probably not the same level of corporate involvement in campaign finance and such, so that's probably a much more normal stance to take

It's just more that in the US, if a person criticizes ANY aspect of the Social Welfare safety net, liberals immediately respond w/ 'so you favor corporate welfare?' or something along the lines as if that was even being discussed or had any relevance whatsoever (it doesn't). Corp welfare in the US, unlike say Ireland, tends to only benefit certain people w/in the corporation and it's financial stakeholders, not generally the consumers or employees as a whole

Aussie.

The worst example of corporate welfare isn't even corporate welfare its artificially low minimum income. If a job can't support its workers its a net drain on society.

As campaign involvement maybe not the same level but even a glance at our energy policies show its still a massive problem which seriously hurts our competitiveness as a country.

 

[MMAViewer]

When I lived in california they decided to put signs up at every traffic light stating that there was a camera even if there wasnt.

It worked perfectly and people stopped running red lights.

They then removed the signs because not enough people were running the lights and revenue was down.

If the world was all sunshine and rainbows then we wouldn't need the government as much, so they artificially cause chaos to show us all why we need them.

oh please!
there is plenty of chaos in Cali they didn't need to add any ffs

 

[Rational Poster]