Welcome Guest [Log In] [Register]
Welcome to Perspectives. We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
The Shocking Math of the Republican Tax Plan
Topic Started: Nov 19 2017, 09:11 AM (568 Views)
Attaburnsinhell

If it gives us nothing else positive, the Republican tax plan—and, in its Senate form, the health-care repeal—at least provides clarity. There is no debate. The middle class will, in the long run, pay more in taxes than under current law, and the rich will pay less.

https://www.newyorker.com/news/news-desk/the-shocking-math-of-the-republican-tax-plan?mbid=social_facebook
Offline Profile Quote Post Goto Top
 
George Aligator
Member Avatar

It is hard to see how this latest bit of legislative goulash is going to slide past Senate Republicans. The Kochs, the Mercers and the other GOP donors have laid it on line: no tax cut for billionaires means no money for the 2018 elections. Along with the low approval of the GOP, a cutoff of money would spell a Democratic wave and the almost certain impeachment of Trump before 2020. It is beginning to look like the end of the trail for the conservative movement begun by Ronald Reagan. Robert Stout will probably continue to post here but his shot at governor of Arizona will be gone forever.
Conservatism is a social disease
Offline Profile Quote Post Goto Top
 
70-101
Member Avatar

Trump's tax-cut for himself, his family, and his billionaire buddies is DOA in the Senate. Most GOP members of Congress will soon be heading home for Turkey, stuffing, and ridicule from its constituents - while they watch checkbooks rapidly closing.

The GOP will now suffer mid-term loses not seen since the corrupt Ford administration, where the party that can't shoot straight lost nearly 50 House seats and 3-4 Senate seats.
Trump Making America Great Again - even if he destroys the GOP in the process.



Offline Profile Quote Post Goto Top
 
estonianman
Member Avatar

and as the world inevitably turns, Adam Davidson has no supporting evidence for his anti-Trump rant.

I also like how the democrats have been baited into crying about taxes getting raised.
MEEK AND MILD
Offline Profile Quote Post Goto Top
 
BuckFan

The complaint is that this is a typical GOP tax plan - cut taxes for the rich and raise them on the poor.

How about a tax plan that really is innovative. Significantly cut taxes on the poor and middle class and raise taxes on the rich to pay for it. That will provide an immediate stimulus to the economy because the poor and middle class will immediately spend that extra money since they live paycheck to paycheck. That money will immediately be spent in the consumer economy which is the real engine that drives our economy.
Offline Profile Quote Post Goto Top
 
Robert Stout
Member Avatar

George Aligator
Nov 19 2017, 10:23 AM
It is hard to see how this latest bit of legislative goulash is going to slide past Senate Republicans. The Kochs, the Mercers and the other GOP donors have laid it on line: no tax cut for billionaires means no money for the 2018 elections. Along with the low approval of the GOP, a cutoff of money would spell a Democratic wave and the almost certain impeachment of Trump before 2020. It is beginning to look like the end of the trail for the conservative movement begun by Ronald Reagan. Robert Stout will probably continue to post here but his shot at governor of Arizona will be gone forever.
You have been thrashing about in agony ever since you first got the Trump experience a year ago...Did you sob on election night like a little SJW ???....Your prophesies about the imminent demise of making America great again is merely the product of wild mental masturbation....You should be preparing yourself for continued humiliation in 2018 and 2020...I have abandoned personal political ambitions in Arizona because disclosure of my prior sex life would cause a national debate lasting over a year.............. :)
Edited by Robert Stout, Nov 19 2017, 01:25 PM.
Jesus can raise the dead, but he can't fix stupid
Offline Profile Quote Post Goto Top
 
Robert Stout
Member Avatar

BuckFan
Nov 19 2017, 12:43 PM
The complaint is that this is a typical GOP tax plan - cut taxes for the rich and raise them on the poor.

How about a tax plan that really is innovative. Significantly cut taxes on the poor and middle class and raise taxes on the rich to pay for it. That will provide an immediate stimulus to the economy because the poor and middle class will immediately spend that extra money since they live paycheck to paycheck. That money will immediately be spent in the consumer economy which is the real engine that drives our economy.
Only convenience and liquor stores collect taxes on the poor............. :oyvey
Jesus can raise the dead, but he can't fix stupid
Offline Profile Quote Post Goto Top
 
estonianman
Member Avatar

BuckFan
Nov 19 2017, 12:43 PM
The complaint is that this is a typical GOP tax plan - cut taxes for the rich and raise them on the poor.

How about a tax plan that really is innovative. Significantly cut taxes on the poor and middle class and raise taxes on the rich to pay for it. That will provide an immediate stimulus to the economy because the poor and middle class will immediately spend that extra money since they live paycheck to paycheck. That money will immediately be spent in the consumer economy which is the real engine that drives our economy.
The rich already pay the majority of the taxes.

What you are describing is what France did - causing every rich person to emigrate.
MEEK AND MILD
Offline Profile Quote Post Goto Top
 
70-101
Member Avatar

Robert Stout
Nov 19 2017, 01:22 PM
George Aligator
Nov 19 2017, 10:23 AM
It is hard to see how this latest bit of legislative goulash is going to slide past Senate Republicans. The Kochs, the Mercers and the other GOP donors have laid it on line: no tax cut for billionaires means no money for the 2018 elections. Along with the low approval of the GOP, a cutoff of money would spell a Democratic wave and the almost certain impeachment of Trump before 2020. It is beginning to look like the end of the trail for the conservative movement begun by Ronald Reagan. Robert Stout will probably continue to post here but his shot at governor of Arizona will be gone forever.
You have been thrashing about in agony ever since you first got the Trump experience a year ago...Did you sob on election night like a little SJW ???....Your prophesies about the imminent demise of making America great again is merely the product of wild mental masturbation....You should be preparing yourself for continued humiliation in 2018 and 2020...I have abandoned personal political ambitions in Arizona because disclosure of my prior sex life would cause a national debate lasting over a year.............. :)
Don't tell me you had sex with a cactus or a Joshua tree? :popcorn:
Offline Profile Quote Post Goto Top
 
BuckFan

estonianman
Nov 19 2017, 01:29 PM
BuckFan
Nov 19 2017, 12:43 PM
The complaint is that this is a typical GOP tax plan - cut taxes for the rich and raise them on the poor.

How about a tax plan that really is innovative. Significantly cut taxes on the poor and middle class and raise taxes on the rich to pay for it. That will provide an immediate stimulus to the economy because the poor and middle class will immediately spend that extra money since they live paycheck to paycheck. That money will immediately be spent in the consumer economy which is the real engine that drives our economy.
The rich already pay the majority of the taxes.

What you are describing is what France did - causing every rich person to emigrate.
France seems to have plenty of rich people and home to many of the playgrounds of the rich.
Offline Profile Quote Post Goto Top
 
Harambe4Trump
Member Avatar

George Aligator
Nov 19 2017, 10:23 AM
It is hard to see how this latest bit of legislative goulash is going to slide past Senate Republicans. The Kochs, the Mercers and the other GOP donors have laid it on line: no tax cut for billionaires means no money for the 2018 elections. Along with the low approval of the GOP, a cutoff of money would spell a Democratic wave and the almost certain impeachment of Trump before 2020. It is beginning to look like the end of the trail for the conservative movement begun by Ronald Reagan. Robert Stout will probably continue to post here but his shot at governor of Arizona will be gone forever.
Yes- you had to wait 29 years after Reagan left office to defeat him . . .


What a joke. What’s next? FDR’s landslide in 1932 was a repudiation or Lincoln?
Skipping leg day is the equivalent of a woman having an abortion. You're ashamed of it, and it was probably unnecessary.
#MAGA
#wallsnotwars
Offline Profile Quote Post Goto Top
 
estonianman
Member Avatar

BuckFan
Nov 19 2017, 01:59 PM
estonianman
Nov 19 2017, 01:29 PM
BuckFan
Nov 19 2017, 12:43 PM
The complaint is that this is a typical GOP tax plan - cut taxes for the rich and raise them on the poor.

How about a tax plan that really is innovative. Significantly cut taxes on the poor and middle class and raise taxes on the rich to pay for it. That will provide an immediate stimulus to the economy because the poor and middle class will immediately spend that extra money since they live paycheck to paycheck. That money will immediately be spent in the consumer economy which is the real engine that drives our economy.
The rich already pay the majority of the taxes.

What you are describing is what France did - causing every rich person to emigrate.
France seems to have plenty of rich people and home to many of the playgrounds of the rich.
TAKE YOUR PICK
MEEK AND MILD
Offline Profile Quote Post Goto Top
 
dcbl
Member Avatar
Good guys wear white hats
BuckFan
Nov 19 2017, 12:43 PM
The complaint is that this is a typical GOP tax plan - cut taxes for the rich and raise them on the poor.

How about a tax plan that really is innovative. Significantly cut taxes on the poor and middle class and raise taxes on the rich to pay for it. That will provide an immediate stimulus to the economy because the poor and middle class will immediately spend that extra money since they live paycheck to paycheck. That money will immediately be spent in the consumer economy which is the real engine that drives our economy.
close to half of Americans pay zero in federal taxes

I do not disagree with your statement about finding a way to cut the tax burden on lower class Americans, but the ONLY way to do this is to reduce SS/payroll taxes (which are super regressive)

the only other option is to waive sales taxes on necessities of life, primarily food staples; but that can only be done on state & local levels

Trump deserves a chance to implement his plan to reduce corporate taxes & the wok on repatriating billions that are held overseas

every tax cut I have seen in my lifetime has increased federal revenues; I am confident that Trump's plans will as well

we have far too high of a corporate tax burden; we are already at a competitive disadvantage in business because of our wages - exacerbating that with over burdensome corporate taxes makes things worse
Republicans sign checks on the front, democrats sign them on the back…True story!
Offline Profile Quote Post Goto Top
 
Opinionated
Member Avatar

dcbl
Nov 19 2017, 02:41 PM
BuckFan
Nov 19 2017, 12:43 PM
The complaint is that this is a typical GOP tax plan - cut taxes for the rich and raise them on the poor.

How about a tax plan that really is innovative. Significantly cut taxes on the poor and middle class and raise taxes on the rich to pay for it. That will provide an immediate stimulus to the economy because the poor and middle class will immediately spend that extra money since they live paycheck to paycheck. That money will immediately be spent in the consumer economy which is the real engine that drives our economy.
close to half of Americans pay zero in federal taxes

I do not disagree with your statement about finding a way to cut the tax burden on lower class Americans, but the ONLY way to do this is to reduce SS/payroll taxes (which are super regressive)

the only other option is to waive sales taxes on necessities of life, primarily food staples; but that can only be done on state & local levels

Trump deserves a chance to implement his plan to reduce corporate taxes & the wok on repatriating billions that are held overseas

every tax cut I have seen in my lifetime has increased federal revenues; I am confident that Trump's plans will as well

we have far too high of a corporate tax burden; we are already at a competitive disadvantage in business because of our wages - exacerbating that with over burdensome corporate taxes makes things worse
Every tax cut you have seen in your lifetime have increased federal revenues, but not one has managed to increase federal revenues enough to compensate for the revenues lost by the tax cut. Not one. None. Zero. Zip.

And the simple reason for that is that for every dollar the federal dollar doesn't take in via taxes, three or four dollars in increase economic activity have to be generated to compensate for that lost dollar. And typically you get more like 50 cents on the dollar in increased economic activity.

Increasing the deficit and the debt is one of those things I thought conservatives were dead set against. I guess not if they can tell themselves a convenient fantasy story about how money will rain out of the sky and fill the federal coffers if we just cut taxes low enough.
Offline Profile Quote Post Goto Top
 
dcbl
Member Avatar
Good guys wear white hats
Quote:
 
Every tax cut you have seen in your lifetime have increased federal revenues, but not one has managed to increase federal revenues enough to compensate for the revenues lost by the tax cut. Not one. None. Zero. Zip.


actually, all of them have been accompanied with or followed by even larger spending bills
Republicans sign checks on the front, democrats sign them on the back…True story!
Offline Profile Quote Post Goto Top
 
estonianman
Member Avatar

dcbl
Nov 19 2017, 02:58 PM
Quote:
 
Every tax cut you have seen in your lifetime have increased federal revenues, but not one has managed to increase federal revenues enough to compensate for the revenues lost by the tax cut. Not one. None. Zero. Zip.


actually, all of them have been accompanied with or followed by even larger spending bills
Cut taxes and cut spending - that's how you do it.
MEEK AND MILD
Offline Profile Quote Post Goto Top
 
Opinionated
Member Avatar

dcbl
Nov 19 2017, 02:58 PM
Quote:
 
Every tax cut you have seen in your lifetime have increased federal revenues, but not one has managed to increase federal revenues enough to compensate for the revenues lost by the tax cut. Not one. None. Zero. Zip.


actually, all of them have been accompanied with or followed by even larger spending bills
Which is pretty much irrelevant to whether or not they increased federal revenue, meaning they increased taxable economic activity, enough to compensate for the cut. Which they didn't.

https://www.npr.org/sections/itsallpolitics/2015/10/30/452905475/fact-check-do-tax-cuts-grow-the-economy
Edited by Opinionated, Nov 19 2017, 03:03 PM.
Offline Profile Quote Post Goto Top
 
estonianman
Member Avatar

Opinionated
Nov 19 2017, 03:02 PM
dcbl
Nov 19 2017, 02:58 PM
Quote:
 
Every tax cut you have seen in your lifetime have increased federal revenues, but not one has managed to increase federal revenues enough to compensate for the revenues lost by the tax cut. Not one. None. Zero. Zip.


actually, all of them have been accompanied with or followed by even larger spending bills
Which is pretty much irrelevant to whether or not they increased federal revenue, meaning they increased taxable economic activity, enough to compensate for the cut. Which they didn't.

https://www.npr.org/sections/itsallpolitics/2015/10/30/452905475/fact-check-do-tax-cuts-grow-the-economy
That's right. an\ NPR "fact check" settles the debate :lol:
MEEK AND MILD
Offline Profile Quote Post Goto Top
 
Harambe4Trump
Member Avatar

The tax reform is a red herring and it’s stupid to waiste time on it. He would have been better off just to increase the child tax credit and leave it there.
Skipping leg day is the equivalent of a woman having an abortion. You're ashamed of it, and it was probably unnecessary.
#MAGA
#wallsnotwars
Offline Profile Quote Post Goto Top
 
Robert Stout
Member Avatar

A real tax cut would allow me to buy a good used private aircraft.............. :nana:
Jesus can raise the dead, but he can't fix stupid
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Enjoy forums? Start your own community for free.
Learn More · Sign-up for Free
Go to Next Page
« Previous Topic · UnitedStates.com DOMESTIC U.S. news · Next Topic »
Add Reply