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Reply to "Republican Tax Bill - the final Bill"
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[quote=Anonymous][quote=Anonymous]Let's face it: what the Democrats are really bothered by is that this tax bill really does result in tax savings for most Americans who currently pay taxes. Yes, the high income earners come out of it better but most families will see some benefit. Now whether the growth in the economy will really take place to overcome all or part of the increased deficit remains to be seen but that will be known over the next couple of years. However, in the short term, the tax savings are real and American taxpayers will see that despite the blather about it not giving anything back to the average tax payer is just fake crap from the Democrats and the liberal media. If Trump's plan comes to fruition, wage earners will see an increase in their paychecks come February. Some of the tax payers in blue states with high taxes may be hurt eg NY, CA, CT and NU but Trump and the Republicans don't really care about those states since they are not winnable for Republicans. A rising stock market, a flourishing economy and more net take home pay for Americans is a winning formula after the years of anemic growth under Obama. I would wager that if the GDP does show increased growth the Democratic spin will be that this would have happened even without the tax cuts and the elimination of regulations.[/quote] All very well put. Just restating some of your stated/implied points (since I agree): 1) Naturally the rich will see more tax savings because they pay the lion's share to begin with. Why can't D's understand this concept? 2) The majority of middle income taxpayers will see some savings (although not a whole lot because they don't pay a whole lot) 3) The low income will not see their income taxes cut because....drum roll.... they pay no income taxes. 4) The affluent voters in the blue states with high property taxes - CA, NY, NJ - would never vote for an R anyway, so contrary to the liberals' assertion that the "dumb flyover Trump voters" are getting their rears handed to them (a comment often said with glee), it's actually the UMC liberals who are being hit 5) The major impact from this bill comes from the corporate side, which will see a tax rate cut by 40%. That will translate to more money for the half of Americans who shareholders, who now hold more valuable companies. (We've already seen that in anticipation of the bill in our YTD returns.) 6) A competitive business climate will attract businesses here, retain those that would otherwise leave for more hospitable waters,. and result in job creation. Finally, your last comment. D's will definitely try to give credit to Obama for the positive results of this bill. The truth is that we came out of the worst economic recession with a tepid growth of 2%, a pretty sorry showing attributed to Obama's anti-business climate. In less than a year, we are at 3% - a 50% improvement - thanks to Trump's policies. [/quote]
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