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

GOP tax bill would be broadest tax code rewrite in 30 years | PBS NewsHour

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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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.

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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.

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

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GOP, Democrats Spin Tax Plan
 

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:

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

You have lots of time, start digging.

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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