Do you think Trump's tax proposal will pass?

[Anonymous]

Anonymous wrote:

Anonymous wrote:This tax bill kills west virginia, between the seniors and the downstream tax increases on the LMC, it is brutal for them.

Something tells me this won't affect their support of Trump one bit.

Agreed. The only thing they care about is making their corporate donors happy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This tax bill kills west virginia, between the seniors and the downstream tax increases on the LMC, it is brutal for them.

What's a downstream tax increase? You mean less taxpayer subsidies? The LMC doesn't pay taxes.

DP.. the tax breaks for the mc will expire in a few years. I'm thinking these folks don't know this. That's why they think the tax bill is fine because it will create jobs - yes, they actually believe this, but even a Reagan economists doesn't believe in trickle down anymore. Unfortunately, these mc people believe everything Trump and their R leaders tell them.

For LC, they will most likely lose the ACA subsidies, which means they will most likely not be insured. So, while not a direct increase in tax, it's still a huge loss for them.

As I understand it, medicare will also probably be slashed. That will hurt many older Americans. AARP has an article about this. I find this part interesting because many older Americans voted for R and Trump.

So basically, the tax bill screws:

- middle class in a few years when the cuts expire for them ( but they don't expire for the rich)
- lower class (losing ACA coverage and probably food stamps
- seniors (losing some medicare funding)
- upper middle class whose taxes will go up

The tax bill winners:
- big corporations (not small business)
- the very rich (like Trump and all his cronies)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This tax bill kills west virginia, between the seniors and the downstream tax increases on the LMC, it is brutal for them.

What's a downstream tax increase? You mean less taxpayer subsidies? The LMC doesn't pay taxes.

DP.. the tax breaks for the mc will expire in a few years. I'm thinking these folks don't know this. That's why they think the tax bill is fine because it will create jobs - yes, they actually believe this, but even a Reagan economists doesn't believe in trickle down anymore. Unfortunately, these mc people believe everything Trump and their R leaders tell them.

For LC, they will most likely lose the ACA subsidies, which means they will most likely not be insured. So, while not a direct increase in tax, it's still a huge loss for them.

As I understand it, medicare will also probably be slashed. That will hurt many older Americans. AARP has an article about this. I find this part interesting because many older Americans voted for R and Trump.

So basically, the tax bill screws:

- middle class in a few years when the cuts expire for them ( but they don't expire for the rich)
- lower class (losing ACA coverage and probably food stamps
- seniors (losing some medicare funding)
- upper middle class whose taxes will go up

The tax bill winners:
- big corporations (not small business)
- the very rich (like Trump and all his cronies)

There's nothing in this tax proposal about removing subsidies for insurance premiums or cutting food stamps, is there?

As far as Medicare funding, Obamacare already took away $600B. It would be criminal to slash more.

How are the tax breaks not expiring for the rich? You mean the AMT and estate tax?

Just seeking clarity....

[Anonymous]

Well, the "triggers" will be automatic cuts to Medicare etc, but "they" haven't fully articulated this, yet. But look no further than Marco Rubio:

https://twitter.com/GlennKesslerWP/status/935991772978864129

Marco Rubio says that the tax plan is just the first step before "instituting structural changes to Social Security and Medicare" benefits to reduce the federal deficit.

[Anonymous]

Anonymous wrote:Well, the "triggers" will be automatic cuts to Medicare etc, but "they" haven't fully articulated this, yet. But look no further than Marco Rubio:

https://twitter.com/GlennKesslerWP/status/935991772978864129

Marco Rubio says that the tax plan is just the first step before "instituting structural changes to Social Security and Medicare" benefits to reduce the federal deficit.

Yikes! Sounds ominous.

[Anonymous]

Worse than ominous.

[Anonymous]

We NEED structural changes to SS and Medicare. Both are headed toward insolvency unless adjustments are made. Who would expect otherwise?

[Anonymous]

Anonymous wrote:We NEED structural changes to SS and Medicare. Both are headed toward insolvency unless adjustments are made. Who would expect otherwise?

SS is fixable. Easily fixable.

Medicare is not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We NEED structural changes to SS and Medicare. Both are headed toward insolvency unless adjustments are made. Who would expect otherwise?

SS is fixable. Easily fixable.

Medicare is not.

But seriously, triggering PAYGO cuts to Medicare is no way to address the problem. It's going to require intelligent planning, something that's been in short supply for quite some time. Not a hastily crafted-in-secret tax cut bill that just so happens to cut Medicare too.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Despite all our education, the vast knowledge attainable via the internet, and miraculous technological breakthroughs, we STILL have folks getting hung up on tribalist wedge issues and supporting politicians who want to destroy their economic security. The wealthy have been doing this for millennia and workers are still too dumb to see them for the con artists they actually are.

This is well-stated, thank you.

How is it well stated? It doesn't matter who you vote for, it's a rigged system. Corporate overlords control everything.

This is why we need campaign finance reform (aka get the money out of politics), and limits on lobbying. I also believe that some pols do have the best interests of Americans at heart. Bernie, Warren, Obama (but he learned he had to play with others which means getting a little dirty and letting insurance companies influence ACA).

[Anonymous]

Anonymous wrote:We NEED structural changes to SS and Medicare. Both are headed toward insolvency unless adjustments are made. Who would expect otherwise?

Agreed but do you really think they have something thoughtful and humane in mind?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This tax bill kills west virginia, between the seniors and the downstream tax increases on the LMC, it is brutal for them.

What's a downstream tax increase? You mean less taxpayer subsidies? The LMC doesn't pay taxes.

DP.. the tax breaks for the mc will expire in a few years. I'm thinking these folks don't know this. That's why they think the tax bill is fine because it will create jobs - yes, they actually believe this, but even a Reagan economists doesn't believe in trickle down anymore. Unfortunately, these mc people believe everything Trump and their R leaders tell them.

For LC, they will most likely lose the ACA subsidies, which means they will most likely not be insured. So, while not a direct increase in tax, it's still a huge loss for them.

As I understand it, medicare will also probably be slashed. That will hurt many older Americans. AARP has an article about this. I find this part interesting because many older Americans voted for R and Trump.

So basically, the tax bill screws:

- middle class in a few years when the cuts expire for them ( but they don't expire for the rich)
- lower class (losing ACA coverage and probably food stamps
- seniors (losing some medicare funding)
- upper middle class whose taxes will go up

The tax bill winners:
- big corporations (not small business)
- the very rich (like Trump and all his cronies)

Another DP. When the tax bill passes EVERYONE will lose. We will be extremely weak economically and that’s when we’ll be attacked.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This tax bill kills west virginia, between the seniors and the downstream tax increases on the LMC, it is brutal for them.

What's a downstream tax increase? You mean less taxpayer subsidies? The LMC doesn't pay taxes.

DP.. the tax breaks for the mc will expire in a few years. I'm thinking these folks don't know this. That's why they think the tax bill is fine because it will create jobs - yes, they actually believe this, but even a Reagan economists doesn't believe in trickle down anymore. Unfortunately, these mc people believe everything Trump and their R leaders tell them.

For LC, they will most likely lose the ACA subsidies, which means they will most likely not be insured. So, while not a direct increase in tax, it's still a huge loss for them.

As I understand it, medicare will also probably be slashed. That will hurt many older Americans. AARP has an article about this. I find this part interesting because many older Americans voted for R and Trump.

So basically, the tax bill screws:

- middle class in a few years when the cuts expire for them ( but they don't expire for the rich)
- lower class (losing ACA coverage and probably food stamps
- seniors (losing some medicare funding)
- upper middle class whose taxes will go up

The tax bill winners:
- big corporations (not small business)
- the very rich (like Trump and all his cronies)

Another DP. When the tax bill passes EVERYONE will lose. We will be extremely weak economically and that’s when we’ll be attacked.

Not all of us will be weaker economically. The Trump's family could gain 1 billion dollars if the Republican House tax bill is enacted.
https://www.nbcnews.com/politics/first-read/trump-his-family-could-save-more-1-billion-under-house-n821491

[Anonymous]

Won't help them if they are all in jail.

[Anonymous]

Anonymous wrote:Won't help them if they are all in jail.

And it’s probably not enough to pay their debt, either.