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Author Topic:   Tax Bill
BlueRoamer
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posted November 16, 2017 12:40 PM     Click Here to See the Profile for BlueRoamer     Edit/Delete Message   Reply w/Quote
The tax bill is a flagrant assault on the financial well being of the American people, aimed at lining the pockets of the already wealthy. It's also a direct attack on small businesses, eliminating important deductions that allow them to stay competitive.

It's also a direct assault on the American dream, the idea that with hard work one can rise up from poverty to the upper classes. By increasing taxes on the upper middle class and eliminating deductions, they thicken the glass ceiling, producing a strong impediment to rising into the upper class.

This, my friends, is what this GOP is all about, they're all about robbing from the every day guy and giving to the rich. Reverse socialism. And with the extreme wealth in this country already is this really necessary? What good can this possibly accomplish?

Whatever other rhetoric the GOP spouts, this is their ultimate goal, to line the pockets of their overlords. Everything else they do is just lip service or distraction away from this. The idea that pouring more money towards wealthy will "create jobs," is beyond disproven at this point. What does eliminating the estate tax have to do with creating jobs?

It's a sad day when the patriotic Americans are so blinded by their team "winning," that they fail to see how corrosive this GOP is to our way of life. Sadly they will only realize they were hoodwinked before its too late. It falls on the rest of us who have the ability to be objective to fight for American values.

Again we see how this current GOP wants to dismantle our institutions, tax the poor and give to the rich, eliminate popular programs that help the little guy, make it more difficult for small businesses to flourish. It almost seems like they want to push things so far that the population will revolt.

Right now they have successfully distracted their base by vilifying brown people. Their hope is that if they keep the masses turned against themselves, class warfare, racial warfare, political warfare, they can continue their pig party in washington, or even destroy our courts and take full control, this ending the US as we know it.

But they wont' be successful, you see, because America is a very special place, and while people can be fooled temporarily, there are those center-right people who supported Trump who won't abide and stand by with the erosion of the United States. This tax bill will help those people see what this is all about, screwing over the average joe in favor of rich elites. Which is exactly what the GOP gaslights and says the democrats do.

The recent governor race losses are predictive of the blue wave that is coming. Suburban professional whites are not taken in by this chicanery. They also are not impressed with Trumps vulgarity, sexual assault history, instability, and tarnishing of our reputation. Americans still have class and ethics, and those who are smart enough to be beyond "their team," are seeing through this. Maybe they thought Trump would shake things up in a good way, but they realize now he's shaking things up in a very bad way. If this tax bill passes it will only strengthen the resistance against Trump and the coming blue tide.

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juniperb
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From: Blue Star Kachina
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posted November 17, 2017 10:06 AM     Click Here to See the Profile for juniperb     Edit/Delete Message   Reply w/Quote
I read that folks making 10,000 to 30,000 a year will have a tax increase. I believe 10% raised to 12 %

That is making American lower income families great again.

------------------
Partial truth~the seeds of wisdom~can be found in many places...The seeds of wisdom are contained in all scriptures ever written… especially in art, music, and poetry and, above all, in Nature.

Linda Goodman

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Randall
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posted November 17, 2017 10:11 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
I just love liberal math. I'm surprised at how duped by the media you are, Juni. Raised to 12% is still zero when you double the personal deduction.

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Randall
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posted November 17, 2017 10:14 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
The only blue wave we will get is if tax reform isn't passed. Keep dreaming.

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BlueRoamer
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posted November 17, 2017 12:11 PM     Click Here to See the Profile for BlueRoamer     Edit/Delete Message   Reply w/Quote
The tax cuts for the middle class are set to expire in 10 years. Everything about this is pure politics except for the 15 point tax cut on corporations, that's what this is about. So what happens, we cut taxes on corporations, does that make them create jobs in the US? Not necessarily, labor is still cheaper abroad. If the corps can find good enough cheaper labor somewhere else they'll do that.

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jwhop
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posted November 17, 2017 02:39 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
A ten year multifaceted tax cut for the middle class is a big, long tax cut. Something no one would have had if Hillary The Corrupt had been elected.

Fortunately, Hillary The Corrupt was handily defeated, Trump won and is President.

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Randall
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posted November 17, 2017 04:10 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Hillary planned on raising taxes while you lemmings happily marched off the cliff into the sea.

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jwhop
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posted November 17, 2017 04:27 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
"The tax cuts for the middle class are set to expire in 10 years."

How could you be commenting on this subject without knowing any facts.

Middle class tax cuts are being obstructed by leftist lunatic democrats. Because of Senate rules, the reconciliation of Bills between the House and Senate cannot be made permanent. Permanent tax cuts for the middle class would require at least 60 votes in the US Senate and democrats are obstructing those cuts in taxes.

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jwhop
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posted November 17, 2017 04:31 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
Hillary planned on raising taxes while you lemmings happily marched off the cliff into the sea.

Hillary The Corrupt's plan was exactly like the Marxist Messiah's plan. Continue undermining and dismantling the US economy. Raising taxes is the preferred way for the leftist lunatic democrats. Driving businesses to other countries, gigantic job losses while squeezing the middle class with high taxes.

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juniperb
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posted November 17, 2017 08:48 PM     Click Here to See the Profile for juniperb     Edit/Delete Message   Reply w/Quote
The $30,000 will still pay 12% after the double (24,000)deduction for 2 people..

------------------
Partial truth~the seeds of wisdom~can be found in many places...The seeds of wisdom are contained in all scriptures ever written… especially in art, music, and poetry and, above all, in Nature.

Linda Goodman

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Catalina
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posted November 17, 2017 10:37 PM     Click Here to See the Profile for Catalina     Edit/Delete Message   Reply w/Quote
And with the elimination of mortgage and health expense deductions... the continued limbo of CHIP... there's no there there guys.

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Randall
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posted November 17, 2017 11:49 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
And you said people who make between $10,000 to $30,000 will have a tax increase. Which figure is actually higher--10 percent of $18,000 or 12 percent of $6,000?

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Randall
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posted November 18, 2017 05:36 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
I'll do the math for you. It's a tax cut from $1,800 to $720, for a reduction of $1,080. As far as the corporate rate goes, wages have been stagnate during the reign of King Obama, and it will raise them.

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jwhop
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posted November 18, 2017 09:54 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
I'll do the math for you. It's a tax cut from $1,800 to $720, for a reduction of $1,080. As far as the corporate rate goes, wages have been stagnate during the reign of King Obama, and it will raise them.

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BlueRoamer
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posted November 18, 2017 12:56 PM     Click Here to See the Profile for BlueRoamer     Edit/Delete Message   Reply w/Quote
The senate version of the tax bill has a tax break for private planes. LOL. So many middle class people own private planes, makes total sense.

Seems to me this pig party is coming to and end soon and the GOPigs are trying to get whatever they can from the trough while they can, knowing that their time is coming to an end.

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iQ
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posted November 18, 2017 01:01 PM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
Are all Republican Senators united in supporting the Tax Cut Bill?

Am curious because so many conflicting reports are doing the rounds.

Dow Jones has been booming, 401Ks have increased in value, GDP is allegedly over 3%, but none of my American friends and contacts have confirmed to me that have got pay hikes as of now.

It is too early to comment but the previous Tax Cuts by Dubya were disastrous. Clinton left with a 200 billion surplus, but after the Tax Cuts and Wars, there was a 1.1 Trillion dollar deficit in 2008. 1.3 trillion dollars loss in 8 years.

If this pattern repeats, we would be seeing 1.7 to 1.8 trillion deficit by 2020. US Government could become bankrupt unless another round of Quantitative Easing is arranged [which would increase inflation of assets yet again while keeping wags stagnant].

I think for Tax Cuts to prove any efficacy, there would have to be zero wastage on Wars, forcible repatriation of US Funds stashed abroad and increase of Capital Gains tax so that Billionaires invest in jobs than just Assets and Stocks.

Lets see.

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Randall
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posted November 18, 2017 03:37 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
It's not only about middle class tax breaks. Wages will rise after corporate rates drop. Anyone who thinks the GOP isn't going to continue its dominance is as deluded as those who thought Hillary could win.

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Randall
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posted November 18, 2017 06:40 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
"There is no path to 270 for Donald Trump." --CNN

Clinton 95%
Trump 5%

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Randall
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posted November 18, 2017 08:21 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
I'm mainly concerned about two parts: 1. the economy boost provisions (corporate rate reduction and repatriation) and 2. the elimination of Obamacare mandates.

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Randall
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posted November 18, 2017 08:22 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
I hope bicameral legislation includes both of those.

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BlueRoamer
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posted November 19, 2017 11:21 AM     Click Here to See the Profile for BlueRoamer     Edit/Delete Message   Reply w/Quote
Please provide evidence that wages rise as corporate tax rates drop.

What is your concern with those two issues Randall?

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Randall
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posted November 19, 2017 11:28 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
My concern is that the final Bill will leave the mandates intact and/or that the rate drop will be delayed for a year.
http://files.taxfoundation.org/legacy/docs/sr169.pdf

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iQ
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posted November 19, 2017 03:26 PM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
Historically, there is no evidence that wages increase after tax cuts to the rich.
But quality of life for the middle class increases with tax cuts for them and minimal tax cuts to the elite.
There could be a "Lock In" Period. A rule that insists savings from tax cuts have to be reinvested in USA for a decade.

Plan B: No change in deductions and zero taxes up to 48K per year, increase taxes (including capital gains) for those making more than 5 million per year. Democrats can consider such a plan if the Republican Plan fails to create wages growth or sustainable jobs growth.

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Node
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posted November 20, 2017 06:59 PM     Click Here to See the Profile for Node     Edit/Delete Message   Reply w/Quote
Ladies & Gentleman-
We~ are in the presence of a coup d'é-tat, if you do not recognize this, pay better attention.

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jwhop
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posted November 20, 2017 11:46 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Node:
Ladies & Gentleman-
We~ are in the presence of a coup d'é-tat, if you do not recognize this, pay better attention.

That's very funny...unless you're talking about democrats trying to overthrow the results of the Presidential election. That would be the stuff of which Banana Republics are made.

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