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Democrats Pin Midterm Hopes on Tax Hike Plan
Posted on 3/12/18 at 3:05 pm
Posted on 3/12/18 at 3:05 pm
quote:
The Democrat’s plan calls for new taxes, rolling back the death tax, cutting off the “crumbs” that are making their way into Americans’ wallets, and $1 trillion in infrastructure spending, among other items.
LINK
Posted on 3/12/18 at 3:07 pm to GumboPot
quote:
The Democrat’s plan calls for new taxes, rolling back the death tax, cutting off the “crumbs” that are making their way into Americans’ wallets, and $1 trillion in infrastructure spending, among other items.
Please fricking run with this.
I hope the R’s come out and say tell people that there will be fresh individual tax cuts.
Posted on 3/12/18 at 3:08 pm to TigerFanInSouthland
quote:
Senate Democrats on Wednesday proposed repealing major pieces of the just-passed tax law, in a plan that would raise taxes on corporations, estates and high-income households to pay for $1 trillion in new infrastructure spending.
The plan will almost certainly go nowhere with Republicans in charge of Congress and the White House. But it provides a first clear signal about Democratic priorities on tax policy after the passage of the Tax Cuts and Jobs Act, and establishes a clear contrast for the 2018 midterm elections.
The proposal would set the corporate tax rate at 25%, up from today’s 21% but still well below the 35% that was in place until President Donald Trump signed the new tax law in December.
Democrats also propose to cut the estate tax exemption from $11.2 million per person back toward the $5.6 million in effect under the old tax law. They would set the top individual tax rate back at 39.6%, up from 37%, and they would expand the alternative minimum tax, a parallel tax system for top-earning households. The GOP law, which passed without a single Democratic vote, narrowed the AMT’s scope from millions of households, many in Democratic-leaning states such as New York and California, to a few hundred thousand.
Posted on 3/12/18 at 3:09 pm to GumboPot
They will get slaughtered if the seriously run on a tax hike!!!
Posted on 3/12/18 at 3:10 pm to MillerLiteTiger
quote:
Senate Democrats said they will promote their plan as they campaign ahead of this year’s midterm elections.
“This will be a major thing we will talk about,” Schumer said. “And the contrast between tax cuts for the wealthiest people as opposed to middle-class jobs is one we will forcefully advocate in the fall.”
Posted on 3/12/18 at 3:11 pm to GumboPot
quote:
Tax Hike Plan
So we are just going to double down on stupid here aren't we?
Posted on 3/12/18 at 3:11 pm to GumboPot
When they say roll back the death tax, they mean get rid of it?
Posted on 3/12/18 at 3:13 pm to LSU Tiger 216
quote:
I hope they run on this
GEOTUS hijacked their only shred of an economic message, they demonized everything he says or does including that message, Americans actually like what he's done involving that message, and they see all this unfold and this is the best they could come up with.
They are doomed.
Posted on 3/12/18 at 3:15 pm to GumboPot
The Democrats are literally some of the dumbest motherfrickers on the planet.
Posted on 3/12/18 at 3:15 pm to GumboPot
quote:
And the contrast between tax cuts for the wealthiest people...
Have they run to the well too many times with this "wealthiest people" line? This seems like all they have.
Posted on 3/12/18 at 3:22 pm to Tchefuncte Tiger
quote:
Have they run to the well too many times with this "wealthiest people" line? This seems like all they have.
When you have no substance in your party anymore, Identity Politics is all you have to run on.
Posted on 3/12/18 at 3:24 pm to GumboPot
Lord please let this be true.
Posted on 3/12/18 at 3:40 pm to GumboPot
1. Raise taxes
2. Open borders with no immigration laws
3. Repeal 2nd amendment
What could possibly go wrong!
2. Open borders with no immigration laws
3. Repeal 2nd amendment
What could possibly go wrong!
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