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re: The corporate tax cuts will be permanent while the individual tax cuts temporary

Posted on 12/19/17 at 2:46 pm to
Posted by TigersInParis
Member since Nov 2017
311 posts
Posted on 12/19/17 at 2:46 pm to
quote:

Temporary tax cut is better than a permanent tax increase.



Bad news. This bill is a permanent tax increase.

When the middle class tax cuts expire, the tax increases that are wedged in to limit the damage to the deficit won't, and at that point your taxes will be higher, permanently.

This bill is going to cause insurance premiums to go up. It's going to cause the fed to have to raise interest rates more than they would otherwise essentially wiping out any modest growth that it otherwise might create. It's going to cause you to pay more in taxes in the long run unless you're an old fart planning to retire in 10 years. So much winning!
Posted by highpockets
Lafayette
Member since Feb 2015
1925 posts
Posted on 12/19/17 at 5:20 pm to
quote:

old fart planning to retire in 10 years


12 years to be exact, counting the days.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124712 posts
Posted on 12/19/17 at 5:23 pm to
quote:

wiping out any modest growth that it otherwise might create
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