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re: GOP tax document reveals plan for massive tax cuts, preserves key deductions

Posted on 9/27/17 at 10:59 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10248 posts
Posted on 9/27/17 at 10:59 am to
Are you disappointed in this like I am? For either the reasons I cited, or any other reasons?

Yes, the brackets angst is pretty funny given it is coming from someone who holds themselves up to be an economic expert on here. I'm no economic expert, but I do know how taxable income is derived.
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 9/27/17 at 11:03 am to
quote:

Are you disappointed

Of course not, I feel I had no reason to expect anything I'd be impressed with from this admin or congress. That's because it's been clear for a while that they weren't actually seeking any "reform", they just wanted a tax cut. Which isn't inherently bad or good, but depends on the circumstances. And my view of the circumstances is that our long-term deficit picture is a bigger problem right now than taxes (on either households OR businesses) being too high. With no intent of any type of meaningful spending reform in sight, the outcome of this was always likely to look like shite to me

This post was edited on 9/27/17 at 11:05 am
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