GOP tax bill would be broadest tax code rewrite in 30 years

[wjboyer1]

GOP tax bill would be broadest tax code rewrite in 30 years | PBS NewsHour (https://www.pbs.org/newshour/politics/gop-tax-bill-would-be-broadest-tax-code-rewrite-in-30-years)

REPUBLICANS BEFORE ELECTION: DEFICIT, DEFICIT, DEFICIT

REPUBLICANS AFTER ELECTION: Who cares about the deficit? The new tax plan will eventually pay for itself, even though there is a projected $1.2 Trillion additional deficit over the next 10 years. The mortgage interest deduction, the state income tax deduction, and the medical expense deductions, interest on student loans and other eliminations for the poor and working citizens of America, will help pay for the decrease in corporate taxes, and the decrease in taxes paid by the RICH.

So what exactly does it do for the average taxpayer? It makes them pay MORE taxes

[Bog99]

GOP tax bill would be broadest tax code rewrite in 30 years | PBS NewsHour (https://www.pbs.org/newshour/politics/gop-tax-bill-would-be-broadest-tax-code-rewrite-in-30-years)

REPUBLICANS BEFORE ELECTION: DEFICIT, DEFICIT, DEFICIT

REPUBLICANS AFTER ELECTION: Who cares about the deficit? The new tax plan will eventually pay for itself, even though there is a projected $1.2 Trillion additional deficit over the next 10 years. The mortgage interest deduction, the state income tax deduction, and the medical expense deductions, interest on student loans and other eliminations for the poor and working citizens of America, will help pay for the decrease in corporate taxes, and the decrease in taxes paid by the RICH.

So what exactly does it do for the average taxpayer? It makes them pay MORE taxes


"More taxes" is what Type 2 laws and Femo-Fascism are all about.


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[jebartle]

"More taxes" is what Type 2 laws and Femo-Fascism are all about.


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I'll be shocked if it passes Senate!

We need a review of congressional accomplishments!

Last count was Supreme Court assignment and......a whole lot of EO's

[Paper1]

I'll be shocked if it passes Senate!

We need a review of congressional accomplishments!

Last count was Supreme Court assignment and......a whole lot of EO's

Senate will pass a version but it will blow a much bigger hole in deficiet in order to insure re-election efforts next Nov.

[wjboyer1]

senate will pass a version but it will blow a much bigger hole in deficiet in order to insure re-election efforts next nov.

72348

[Wiotte]

"More taxes" is what Type 2 laws and Femo-Fascism are all about.


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Bog99 outed
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[mellincf]

The Tax Policy Center estimates that the current plan will save the bottom 80 percent between $50 and $450 in taxes per year, but that it saves each person in the top 1 percent an average of $129,000 a year. For people at the very top, like Trump himself, the tax cuts are humongous. And the corporations they own will also get a massive tax cut.

Republicans say economic “growth” will pay for the tax cuts, so there’s no need to cut social programs like Medicare and Medicaid.

But Republicans have just passed a budget that would cut nearly $1.5 trillion from Medicare and Medicaid to pay for these tax cuts. Pell Grants, housing assistance, and even cancer research are also on the chopping block.

[Wiotte]

"More taxes" is what Type 2 laws and Femo-Fascism are all about.


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Boggy Boy unmasked
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[wjboyer1]

GOP, Democrats Spin Tax Plan - FactCheck.org (http://www.factcheck.org/2017/11/gop-democrats-spin-tax-plan/)

[rubicon]

By the time this bill gets ready to be passed if ever, it will have been altered beyond recognition. Discussion now is a waste of time except perhaps for a wish list of what we want in the bill. Mine is simple no carve outs for any one corporations or individual . It will never happen because congress is a short drive from K street


Personal Best Regards:

[Taltarzac725]

GOP, Democrats Spin Tax Plan - FactCheck.org (http://www.factcheck.org/2017/11/gop-democrats-spin-tax-plan/)

At least, someone is trying to dig and get to the facts.

[Jack9696]

At least, someone is trying to dig and get to the facts.You have lots of time, start digging.

[Paper1]

The across the board cuts for all businesses in the hopes of creating jobs is wishful thinking. Tax rates could easily be targeted at businesses that maintain or create American jobs. Maybe a sliding scale that considers gross and net incomes of a business or corporation ratioed against the number of employees. Why reduce taxes on businesses that don’t increase employment?

[dirtbanker]

The across the board cuts for all businesses in the hopes of creating jobs is wishful thinking. Tax rates could easily be targeted at businesses that maintain or create American jobs. Maybe a sliding scale that considers gross and net incomes of a business or corporation ratioed against the number of employees. Why reduce taxes on businesses that don’t increase employment?

Gross income?? Why would you want to tax that?

Your suggestion of labor force size comes across as something that would benefit BIG business, please elaborate on your thoughts...

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[Bog99]

https://www.talkofthevillages.com/forums/villages-florida-political-talk-88/what-do-no-objectivity-idiots-femo-fascism-think-corporate-income-tax-247819/



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[Wiotte]

https://www.talkofthevillages.com/forums/villages-florida-political-talk-88/what-do-no-objectivity-idiots-femo-fascism-think-corporate-income-tax-247819/







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TYPE 3


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[ColdNoMore]

The across the board cuts for all businesses in the hopes of creating jobs is wishful thinking. Tax rates could easily be targeted at businesses that maintain or create American jobs. Maybe a sliding scale that considers gross and net incomes of a business or corporation ratioed against the number of employees. Why reduce taxes on businesses that don’t increase employment?

I just have to shake my head at the ignorance of those who believe a tax cut for businesses or the .01% of wealthiest Americans, will result in massive hiring...even when it has been shown time after time to not be the case. :oops:

Even someone with a modicum of intelligence, should realize that if a business/company can justify hiring new employees due to demand...they would do it without a tax cut.

It would be pretty stupid to hire additional employees, if the need/demand wasn't there...regardless of the extra cash flow.

If the Repub's wanted to prove their 'trickle down theory,' (re: 'voodoo economics') all they would have to do is to make the tax cuts...dependent on actual employment.

Hire more people (% wise)...you get a significant tax cut.

It really is that frigging simple. :ohdear:

But we all know that will never fly, as it would then shed light on the lies the right is spewing in their efforts to give their wealthiest donors/supporters...a huge tax cut.

The irony of course, is that since about 70% of our economy is consumer driven, the biggest impact would be to put more money in the pockets of the middle class...who will then purchase more goods and services.

THEN businesses will have a reason to expand...and will hire additional employees.

As it stands now, business owners will either pocket the tax cuts or for publicly held companies, the additional money will be used for share buybacks...or to increase stock dividends.

Which of course increases the compensation of upper management.

NOT to hire additional employees...for a demand that has not changed.

It’s a Myth That Corporate Tax Cuts Mean More Jobs - The New York Times (https://www.nytimes.com/2017/08/30/opinion/corporate-tax-cuts-jobs.html)

It’s a Myth That Corporate Tax Cuts Mean More Jobs

Despite the enormous savings AT&T has realized, the company has been downsizing. Although it hires thousands of people a year, the company, by our analysis at the Institute for Policy Studies, reduced its total work force by nearly 80,000 jobs between 2008 and 2016, accounting for acquisitions and spinoffs each involving more than 2,000 workers.

Companies buy back their stock for various reasons — to take advantage of undervaluation, to reward stockholders by increasing the value of their shares or to make the company look more attractive to investors. And there is another reason. Because most executive compensation these days is based on stock value, higher share prices can raise the compensation of chief executives and other top company officials.

Many other large American corporations have also been playing the tax break and loophole game. Their huge tax savings have enriched executives but not created significant numbers of new jobs.

Our report analyzes the 92 publicly held American corporations that reported a profit in the United States every year from 2008 through 2015 and paid less than 20 percent of their earnings in federal income tax.

[Paper1]

Gross income?? Why would you want to tax that?

Your suggestion of labor force size comes across as something that would benefit BIG business, please elaborate on your thoughts...

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Big business or any businesses that maintain and create American jobs. Unless I missed something that is what this entire tax bill is supposed to be about, job creation. The gross income would be part of the ratio so the Apples that employ Chinese would not get the some tax break as business that is manned by Americans. It is really not that difficult a concept.

[Don Baldwin]

I just have to shake my head at the ignorance of those who believe a tax cut for businesses or the .01% of wealthiest Americans, will result in massive hiring...even when it has been shown time after time to not be the case. :oops:

Even someone with a modicum of intelligence, should realize that if a business/company can justify hiring new employees due to demand...they would do it without a tax cut.

It would be pretty stupid to hire additional employees, if the need/demand wasn't there...regardless of the extra cash flow.

If the Repub's wanted to prove their 'trickle down theory,' (re: 'voodoo economics') all they would have to do is to make the tax cuts...dependent on actual employment.

Hire more people (% wise)...you get a significant tax cut.

It really is that frigging simple. :ohdear:

But we all know that will never fly, as it would then shed light on the lies the right is spewing in their efforts to give their wealthiest donors/supporters...a huge tax cut.

The irony of course, is that since about 70% of our economy is consumer driven, the biggest impact would be to put more money in the pockets of the middle class...who will then purchase more goods and services.

THEN businesses will have a reason to expand...and will hire additional employees.

As it stands now, business owners will either pocket the tax cuts or for publicly held companies, the additional money will be used for share buybacks...or to increase stock dividends.

Which of course increases the compensation of upper management.

NOT to hire additional employees...for a demand that has not changed.

It’s a Myth That Corporate Tax Cuts Mean More Jobs - The New York Times (https://www.nytimes.com/2017/08/30/opinion/corporate-tax-cuts-jobs.html)

NONE of your crap matters...I didn't even read it...it's the writings of a child.

Jobs aren't coming back until the EPA gets off their ass. You CANNOT manufacture without polluting. THAT is a big reason we have no manufacturing here any more. Anything that pollutes...went overseas. Others were forced overseas by EEO laws that forced quotas...up to 20% dead wood. Benefits had gotten too large, especially the pensions. Pensions kill a company. That's why they don't keep long term employees anymore. Everyone is part time to avoid having to give them pensions.

Taxes are a small part. The regulations...that's what drove them away. We exported the pollution, manufacturing, and jobs.

[Wiotte]

Only a written in law wealth redistribution will help the middle class. Theorizing that business tax cuts will do the latter is ignorant at the least and conspiratorial at it’s worse.
Keep voting republican middle America !


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[ColdNoMore]

NONE of your crap matters...I didn't even read it...it's the writings of a child.

Jobs aren't coming back until the EPA gets off their ass. You CANNOT manufacture without polluting. THAT is a big reason we have no manufacturing here any more. Anything that pollutes...went overseas. Others were forced overseas by EEO laws that forced quotas...up to 20% dead wood. Benefits had gotten too large, especially the pensions. Pensions kill a company. That's why they don't keep long term employees anymore. Everyone is part time to avoid having to give them pensions.

Taxes are a small part. The regulations...that's what drove them away. We exported the pollution, manufacturing, and jobs.

Liar.

You read to the second sentence where I said "Even someone with a modicum of intelligence," then quit reading...when you realized that you couldn't even meet that relatively low bar. :ho:



Deepest Sincere Wishes: :wave:

[wjboyer1]

The Republican tax plan raises taxes on families who adopt children - Vox (https://www.vox.com/policy-and-politics/2017/11/3/16600682/adoption-tax-hike-republican-bill)

[cologal]

"More taxes" is what Type 2 laws and Femo-Fascism are all about.


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Boggie Boy do the math.... 2016 STATS

How many Congressmen do we have? 435
How many are Women? 104
Percentage of Women? <25%

The House of Representatives has a split of 75% men to 25% women. And you would have us believe the problem is the femo-fascists?

Are you smoking something?



COPUFF (I don't know maybe he's been a MILE HIGH lately)

[cologal]

The across the board cuts for all businesses in the hopes of creating jobs is wishful thinking. Tax rates could easily be targeted at businesses that maintain or create American jobs. Maybe a sliding scale that considers gross and net incomes of a business or corporation ratioed against the number of employees. Why reduce taxes on businesses that don’t increase employment?

Yes, it's the old TRICKLE DOWN ECONOMICS again! It hasn't worked in the past and won't work now. If you want to see what happens if your elected officials decide to fully commit philosophy check out the state of Kansas! When Sen Brownback left the Senate and took up the reins of Governor of Kansas, he and his cohorts committed themselves to this theory. Tax cuts for the rich and business will create jobs... But it didn't pan out

Fact check: Brownback on the Kansas economy | The Wichita Eagle (http://www.kansas.com/news/politics-government/article111182802.html)

But here we are again with the Republicans cutting taxes on the rich and corporations.

As for the corporations being taxed so much....

https://www.cnbc.com/2014/08/13/20-big-profitable-us-companies-paid-no-taxes.html

The first one on the list is Merek, a drug company. That list is an interesting read.

When will the Republicans stop pushing Trickle Down Economics?

COPUFF

[cologal]

The Republican tax plan raises taxes on families who adopt children - Vox (https://www.vox.com/policy-and-politics/2017/11/3/16600682/adoption-tax-hike-republican-bill)

When are people going to realize that Republicans are
PRO-BIRTH, not PRO-LIFE!



COPUFF

[Paper1]

NONE of your crap matters...I didn't even read it...it's the writings of a child.

Jobs aren't coming back until the EPA gets off their ass. You CANNOT manufacture without polluting. THAT is a big reason we have no manufacturing here any more. Anything that pollutes...went overseas. Others were forced overseas by EEO laws that forced quotas...up to 20% dead wood. Benefits had gotten too large, especially the pensions. Pensions kill a company. That's why they don't keep long term employees anymore. Everyone is part time to avoid having to give them pensions.

Taxes are a small part. The regulations...that's what drove them away. We exported the pollution, manufacturing, and jobs.
You bring up some very valid points but present them a little roughly. The manufacturing industry I worked in for 42 years died for some of the reasons you listed. The cost of employees and technology advances were the two biggest reasons. Although EPA did add some cost it was not a big hitter. Wages, healthcare, miscellaneous employee benefits, pensions, etc. make hiring employees the last thing any business wants to do. I share your views on EEO laws as I saw 1st hand HR being more concerned with gender, race, and even disabilities instead of the best qualified. That has given us the most diverse work force in world but not the best, IMO. This is very evident in the entire public sector. That said even if we had “the best” workforce it is too damn expensive to compete in world market. This is where technology come in replacing manpower in this country. Don’t know what the answer is but we need real leadership in this country soon and the current bunch, including Trump is not it.

[Don Baldwin]

You bring up some very valid points but present them a little roughly. The manufacturing industry I worked in for 42 years died for some of the reasons you listed. The cost of employees and technology advances were the two biggest reasons. Although EPA did add some cost it was not a big hitter. Wages, healthcare, miscellaneous employee benefits, pensions, etc. make hiring employees the last thing any business wants to do. I share your views on EEO laws as I saw 1st hand HR being more concerned with gender, race, and even disabilities instead of the best qualified. That has given us the most diverse work force in world but not the best, IMO. This is very evident in the entire public sector. That said even if we had “the best” workforce it is too damn expensive to compete in world market. This is where technology come in replacing manpower in this country. Don’t know what the answer is but we need real leadership in this country soon and the current bunch, including Trump is not it.

REGULATION of all types drive/drove away manufacturing. Much manufacturing never sees the light of day because they can't get zoning approval...anywhere. That's where the EPA comes in a lot.

As long as there are new "slaves" to exploit that is where business will go. Labor costs used to be nothing as far as total cost to produce a service/product. Now it's one of the highest. In skilled...developed countries.

When a machine can be made to do a better job cheaper than a person...that is when those jobs go away.