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re: Middle class taxes going up with what was passed?
Posted on 12/4/17 at 6:38 pm to Hogwall Jackson
Posted on 12/4/17 at 6:38 pm to Hogwall Jackson
all brackets get a cut at first, then reality sets in a few years out.
Republicans are liars...they had to sell this as a tax cut when its actually budget gimmicks to pay for gifts to the rich, wall street and big business
Republicans are liars...they had to sell this as a tax cut when its actually budget gimmicks to pay for gifts to the rich, wall street and big business
6
Posted on 12/4/17 at 6:39 pm to Cruiserhog
quote:
Republicans are liars...they had to sell this as a tax cut when its actually budget gimmicks to pay for gifts to the rich, wall street and big business
Please detail.
Posted on 12/4/17 at 6:39 pm to Cruiserhog
(no message)
This post was edited on 4/11/23 at 3:40 am
Posted on 12/4/17 at 6:52 pm to Cruiserhog
quote:
all brackets get a cut at first, then reality sets in a few years out.
Republicans are liars...they had to sell this as a tax cut when its actually budget gimmicks to pay for gifts to the rich, wall street and big business
How is lowering the corporate rate to 20% a gimmick? US corporations have more money overseas than they have at home. I don't care what side of the aisle you're on, that makes no sense.
Posted on 12/4/17 at 7:14 pm to Cruiserhog
quote:When that reality translates to an improvement to GDP to 3.5-4.0% which will increase wages and corporate profits resulting in an increase in Federal income tax collections, congress can pass a bill to make the upcoming tax cuts permanent.
then reality sets in a few years out.
If tax collections don't increase enough to control the deficit, the scheduled future tax increases will kick in. Congress can then re-visit all aspects of the new tax reform bill and change anything they want to.
The automatic tax increase years in the future were put into the current tax reduction bill as a failsafe protection preventing a drastic increase in the deficit in order to comply with what's referred to as the Byrd Rule.
You really need to lose your bitterness and attempt to educate yourself before you spout off and make a fool out of yourself........again.
Posted on 12/4/17 at 7:37 pm to Cruiserhog
quote:
then reality sets in a few years out.
Do you always refer to a decade as “a few years”. I’m 30 years old, or just 3 decades old. I would LOVE to have a tax cut until I hit 40. But here’s the big surprise, that administration will pretty much be forced to continue with those cuts.
Look Cruiserhog if you don’t want the tax cut just make sure you send in an additional check to make up the difference. I know we can count on you.
Oh and I just looked: $5500 for the house plan and $12,638 for the Senate plan. C’mon Senate plan!!!
This post was edited on 12/4/17 at 7:47 pm
Posted on 12/5/17 at 12:29 am to Cruiserhog
quote:"If you like you plan, you can keep your plan. If you like your doctor, you can keep your doctor."
Republicans are liars..
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