posted November 11, 2017 12:06 AM            

quote:

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Originally posted by Randall:
Dems always shriek about people paying their fair share, so ante up!

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posted November 11, 2017 01:36 PM            

California already contributes more to Floridas services than it receives from the Federal coffers.

posted November 12, 2017 02:47 AM            

With a few, simple questions this week, Rep. Suzan DelBene (D-Wa.) demonstrated how corporations have successfully reconfigured government of, by, and for the people to prioritize the need and wants of business over those of the living and breathing. DelBene questioned Thomas Barthold, chief of staff for Congress’ Joint Committee on Taxation on the proposed GOP tax overhaul:

Will a teacher in my district who buys pens, pencils paper, for his students be able to deduct these costs from his tax return under this plan?
Simple answer: No.

Will a corporation that buys pens, pencils, and papers for its workers be able to deduct those costs from its tax returns under this plan?
Simple answer: Yes.

Will a firefighter from my district be able to deduct the state and local sales taxes that she pays from her tax returns under this plan?
Simple answer: No.

And will a corporation be able to deduct sales taxes on business purchases under this plan?
Simple answer: Yes.

Will a homeowner in my district be able to deduct more than $10,000 in property taxes under this plan?
Simple answer: No.

Will a corporation be able to deduct more than $10,000 in property taxes under the plan?
Simple answer: Yes.

And if a worker in my district had to move because his employer is forcing him to relocate his family or potentially lose his job, can he deduct his moving expenses under this plan?
Simple answer: No.

posted November 12, 2017 02:58 AM            

Nearly the entire net tax cut for individuals would come from two changes that would do nothing for most of the middle class: The government would repeal the alternative minimum tax, a provision that has long prevented many wealthy taxpayers from using loopholes to avoid paying taxes. The loss of the AMT would cause a revenue shortfall of nearly $700 billion over 10 years.

Also gone under the Republican bill: The inheritance tax on estates worth at least $5.5 million. That would let wealthy heirs keep an extra $172 billion over the next decade.

The plan would also allow business owners whose profits double as their personal income to pay, in part, at a discounted rate of 25 percent. This would cause the loss of an additional $448 billion over 10 years.

Given how these business owners are classified, the plan would let them deduct their state and local taxes from the equivalent of their personal income. By contrast, the employees of those business owners could not do so.
For more on eliminating state and local tax deduction, we turn to Jessie Hellmann at The Hill:
Red states are using blue states as their new piggy bank in the GOP Congress.

On big legislative issues such as tax reform and ObamaCare repeal, Republicans in the Senate have sought to redistribute federal funds from New York, New Jersey and other blue states dominated by Democrats to the red states in the South, Midwest and Great Plains that are mostly represented by the GOP.
Rep. Lee Zeldin (R-N.Y.), one of a handful of GOP House members opposed to the plan, concurs with that assessment.

That's not to say some red states won't also feel some pain from the proposed tax changes. Red states that expanded Medicaid would suffer as well from loss of federal funds. It's just that the biggest losers would be blue states. A cynic might say Republicans are simply playing the percentages again, figuring more of their opponents will get hurt than their supporters.

Rand Paul, noted cynic:
“It just looks like the Republicans are taking the money from the Democrat states and giving it to the Republican states,” GOP Sen. Rand Paul (Ky.) said in September, adding that it’s a “game of Republicans sticking it to Democrats.”

posted November 12, 2017 02:05 PM            

Point of FACT, "Trump's Plan" will increase the deficit ~and ! increase the national debt.

You cannot possibly do either, without increasing revenue.

posted November 12, 2017 02:11 PM            

but iQ makes a good point,

posted November 12, 2017 05:03 PM            

quote:

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Originally posted by Node:
Short answer? To the original post. It won't.

Point of FACT, "Trump's Plan" will increase the deficit ~and ! increase the national debt.

You cannot possibly do either, without increasing revenue.

[URL=http://www.pgpf.org/blog/2016/10/debt-vs-deficits-whats-the-difference?utm_source=google&utm_campaign=debtvdeficits&utm_medium=cpc&gclid=EAIaIQobChMI0Yzy0tq51wIVDVYNCh03ywG2EA MYASA]http://www.pgpf.org/blog/2016/10/debt-vs-deficits-whats-the-difference?utm_source=google&utm_campaign=debtvdeficits&utm_medium=cpc&gclid=EAIaIQobChMI0Yzy0tq51wIVDVYNCh03ywG2E AMYASA[/URL] AEgKa_fD_BwE

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Hahaha,

First time I ever heard a socialist democrat worry about deficits and debt.

posted November 12, 2017 11:00 PM            

quote:

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Originally posted by Node:
It was almost guaranteed that you would fall back to the MMO'Bama fallacy.

Thanks for your input.

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Yeah, but you ducked, bobbed, weaved and evaded answering the question. Let me ask you again!

"Ummm, where were you when the Marxist Messiah Obama doubled the National Debt in only 8 years of bumbling, bungling incompetence. I don't remember you whining about that."

posted November 12, 2017 11:02 PM            

quote:

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Originally posted by Randall:
Marxists don't understand how to grow an economy. They view everything in a vacuum. You have to add economic growth to the equation. But I don't blame them. Their Messiah was clueless.

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posted November 13, 2017 08:44 AM            

November 13, 2017
The Democrats's sudden concern for government debt
Jack Hellner

The Democrat talking points are out as tax cuts takes center stage, and the complaints are rolling, with a sudden new concern about government debt:

Does anyone recall reporters and Democrats having concern about running up $10 trillion in debt during Obama’s eight years? The deficits and debts were rising at the end of his term but not once did I hear the suggestions that the debts were unsustainable and should be immediately addressed. Every time the debt limit needed to go up we were told that was O.K. and necessary. Any time Republicans would try to freeze or slow the growth of spending, or just cut spending a little, the cuts were described as devastating. As costs from Obamacare skyrocketed, did anyone say how devastating those debts and entitlements would be on future generations?.........
http://www.americanthinker.com/blog/2017/11/the_democrats_sudden_concern_for_ government_debt.html

posted November 14, 2017 11:30 PM            

quote:

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Originally posted by Randall:
Since when has a Democrat ever cared about cutting back on spending?

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