Why should I vote Republican after this tax plan?
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Anonymous
You are clueless about “peer reviewed publications”. You don’t even know much about the basic civics about a bill and how it becomes law. You lack the education and intelligence to have a debate BUT sadly even ignorant people have the right to speak crap. Enjoy your right. Good bye. |
Anonymous
Actually there is a line on your Fed tax form allowing you to contribute to reduce the deficit. What you are saying is you want smaller government but only focused in the areas you see as important, or don’t ask me for more. That’s a pipe dream. This bill reduces taxes for those making under 90k by about 75%. If that’s not helping the poor, I don’t know what is. And don’t all people get their first 90k taxed at the really low rate too? Someone in the DC bubble or other high cost areas will never get it because they think 250k is poor |
Anonymous
You and millions of others, pp. I hear you |
Anonymous
This does NOT exist today - you're clearly not paying full attention to your Fox News shows. This line to contribute to the deficit is a proposal by the GOP for their new plan and it is a slap in the face to every American. Today if you want to contribute to the deficit, you must send a check directly to the treasury for that explicit purpose. https://taxfoundation.org/pitching-help-reduce-public-debt/ Our congressional leadership, especially the GOP who have stomping their feet about the deficit for decades when they thought it was politically advantageous, aren't just fleecing Americans to give to the uber rich, they are saying to average citizens "you fix the deficit." It is disgraceful and the cognitive dissonance of all of those supposedly "fiscally conservative" Republicans has been exposed for what it really is - pure obstructionism and a means to take from the poor to give more to the rich. Educate your self. |
Anonymous
I'm tired of people like you bilking the poor and middle class and their earnings to squeeze out more for the rich. Your cognitive dissonance is stunning, as your proclivity toward violence. |
Anonymous
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Anonymous
Can you please post the form 1040 which shows the line item to contribute to reduce deficit? Are you saying that it is fine to take from the middle class and UMC to give estate tax cuts, removal of AMT, Reduction of S-Corp taxes and tax cut for the corporations that are hoarding cash? The removal of medical expense deduction directly affects the middle/lower middle who now have to declare bankruptcy to get Medicaid if they are hit by a huge medical bill. And all this to increase the deficit by trillion of dollars during good times when debt is already 100% of GDP. So when there is a recession what do you do? Just sit tight and let the recession run it’s course? Or Increase the deficit to 200% of the GDP trying to stimulate the economy? |
Anonymous
Citation for that? Because I'm seeing that most of the poor and middle class WILL NOT get any tax relief and in fact will likely end up paying more. It's the wealthiest who will be getting the lion's share of tax breaks. |
Anonymous
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Anonymous
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If someone had a 1m mortgage now the interest of about 4500 - annual 54000 plus the 10000=64000 deduction.
A new mortgage would be on the 500,000 and 27 000+ 10000=37,000. Consider the removal of income based limitations on itemized deductions. That removal was for married over 311,300 removing 3%. At inc=$511,300 the 1m mortgage holder gets 64000 deduction when existing plan capped at about $35,500 yielding 29k more in deductions. This is what, a dough nut hole? Politicians are ignoring this inequity and simply complaining about SALT rather than a subset getting major benefits. That is why there should be deductions for up to 50k max-any combo of SALT and mtg. |
Anonymous
The last few pages are filled with ignorant posts. People you need to stop getting your "information" from talk radio and from dodgy websites. It makes it easier for charlatans and snake oil salesmen to convince people that up is down. So when the MSM reports that Paul Ryan's example of a middle class family earning $59,000 a year gets a $1200 tax cut is flawed and they will actually pay $500 more in taxes after a few years, it does not even register because it will not be reported in the right wing echo chamber. When Bruce Bartlett who is largely responsible for the much vaunted Reagan tax cuts writes to warn Republicans that they did not result in enough economic growth to pay for themselves and actually made the national debt worse, he will not be interviewed on Fox News or by conservative talk show hosts. |
Anonymous
And there needs to be a provision made for inflation. |
Anonymous
| The rich and corporations need tax cuts. They are the job creators. When they have more money, it's better for everyone. |
Anonymous
Demonstrably false, but conservatives never let a fact get in the way of a good, bullheaded belief. |
Anonymous
The "Common sense" is equal to years of research crowd doesn't want to know facts. No research can confirm their own self taught beliefs. It is sad that the quality if education and critical thinking in this country is so abysmal. Rate alone means nothing when there are many ways to add hidden tax. Removing medical expense deduction, interest on student loan deduction will hit the pocketbooks of the lower middle and middle directly and offsets the rate going low for some people. The bigger issue is WHY are the rich getting a tax break for no reason? Elimination of estate taxes, removal of AMT, No increase in Capital Gains tax, reducing the pass through S-Corp taxes, more than doubling the upper limit for the highest tax bracket are all massive tax breaks for the wealthy. The corporations are sitting on pile of cash and they are getting even more cash by dropping the top rate from 35 to 20%. All the corp will do is spend on high capex machines to improve productivity which will create jobs for the professional class but eliminate jobs at the low end. You don't increase deficit needlessly when the economy is doing well. Well managed countries try to pare down deficit when economy is growing. Look at the map of most indebted countries in the world. Japan, US and many European countries top the chart. China and India are among the large economies with relatively manageable debt load. Any surprise why Asia is on the rise and the west is sinking and flailing? http://www.governing.com/gov-data/finance/government-debt-totals-data-by-country-map.html |