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re: There is a down side to the tax bill

Posted on 12/17/17 at 11:02 am to
Posted by OceanMan
Member since Mar 2010
19977 posts
Posted on 12/17/17 at 11:02 am to
quote:

In CA it means the conservatives move to other states. CA is a lot more Red then ppl think


I have a friend I have met through work. He is probably 40, lived in Cali all his life, went to a UC school. Very nice guy, practical, smart and not an outspoken sort of dude.

He says he hates a lot of California (talked about SF specifically), because of all the crazy causes and stands that apprently gain so much traction there. Basically says they are constantly getting in their own way to support things that affect a small amount of people.

I'm not sure if he is actually conservative or how he votes, but I think this anecdotal example supports that not all people in Cali are nuts, and are very aware that they are surrounded by people that are.
Posted by MrSpock
Member since Sep 2015
4328 posts
Posted on 12/17/17 at 11:03 am to
quote:

Nobel prize winning economist Paul Krugman just said to Stephanopoulos on This Week that the bill is a "nightmare" which will hurt the Middle Class and not grow the economy.



Krugman: Trump Presidency will gause a global recession

quote:

11/09/2016
Posted by BeefDawg
Atlanta
Member since Sep 2012
4747 posts
Posted on 12/17/17 at 11:08 am to
quote:

There's nothing good about the bill, other than the fact that if it passes the Republicans will get shellacqued in the 2018 midterms and become a minority party for eternity.

Nobel prize winning economist Paul Krugman just said to Stephanopoulos on This Week that the bill is a "nightmare" which will hurt the Middle Class and not grow the economy.

This makes no sense.

In 2016, only 30% of tax filers itemized (45 million out of 150 million total returns).

That means 105 million returns used the standard deduction. This bill doubles the standard deduction and child tax credit.

There isn't a scenario in this bill where every single one of those 105 million returns using the standard decuction doesn't save money and pay less taxes.

In addition, of the 45 million who itemized, at least 30 million of those will now switch to using the doubled standard deduction over itemizing because they too will save money.

This means at a the bare minimum, 135 million of 150 million tax filers will save money and pay less taxes than previously.

Over 110 million of those 135 million who save will average between $1,200 and $3,600 in savings.

And none of this even includes the fact that filers who met a 0% tax liability will also get an increased refund on their child tax credits.

How in the hell can you or Krugman tell us that a hundred million people/families having on average $100-$300 extra dollars per month is going to bode bad for Republicans and be a "nightmare" for the middle class? That's beyond retarded and very obviously partisan hyperbole and bullshite lies.
This post was edited on 12/17/17 at 11:14 am
Posted by shadyshane1986
West Monroe
Member since Jul 2014
351 posts
Posted on 12/17/17 at 11:09 am to
quote:

There's nothing good about the bill, other than the fact that if it passes the Republicans will get shellacqued in the 2018 midterms and become a minority party for eternity. 

Nobel prize winning economist Paul Krugman just said to Stephanopoulos on This Week that the bill is a "nightmare" which will hurt the Middle Class and not grow the economy.


Omg its people like you who are ruining this country...Get your head out of the sand...LOWER YOUR TAXES WILL NOT HURT THE MIDDLE CLASS..RAISING TAXES WILL HURT MIDDLE CLASS..QUIT HATEING MORE MONEY IN YOUR POCKET!! STOP LISTENING TO LIBERALS AND OPEN YOUR EYES!! JESUS!!
Posted by greygoose
Member since Aug 2013
11438 posts
Posted on 12/17/17 at 11:41 am to
quote:

Matthew Dowd (a former REPUBLICAN strategist) correctly attributed Roy Moore's recent defeat not on any sexual allegations, or even Moore himself, but on Donald Trump and his policies.


The only one more wrong than Matthew Dowd, is you if you believe he is correct.

After the Moore scandal became public knowledge, Alabamians did not want either one. We were given a choice between crooked Luther, Teen-lover Moore, and Abortion loving, Hillary supporting Jones. Donald J. Trump is very well admired and liked in this state. His policies had nothing to do with Jones' election victory.
Posted by cameronml
Member since Oct 2007
1909 posts
Posted on 12/17/17 at 12:03 pm to
quote:

1- the people of NY and CA to move.... that means liberals invade red states with the same stupid voting habits.


This is overblown...the rise in the standard deduction will nearly zero out the elimination of state/local tax deductions for most.
Posted by NoHoTiger
So many to kill, so little time
Member since Nov 2006
45724 posts
Posted on 12/17/17 at 12:55 pm to
quote:

In CA it means the conservatives move to other states. CA is a lot more Red then ppl think

This. I know myself and a couple of others are looking at different places to move. That and people are actually starting to pay attention to the political shananigans out here, such as charging a fee instead of raising property tax as one has to go in a ballot and the other doesn’t.
Posted by Mudminnow
Houston, TX
Member since Aug 2004
34146 posts
Posted on 12/17/17 at 2:34 pm to
It's going to be okay snowflake
Posted by keakar
Member since Jan 2017
29911 posts
Posted on 12/17/17 at 3:31 pm to
quote:

In CA it means the conservatives move to other states. CA is a lot more Red then ppl think


i keep seeing this nonsense, if they are, then they sure arent getting out and voting, because every liberal position wins with 98% approval so who is this 2%? are they the HUGE numbers of republicans you keep talking about?
This post was edited on 12/17/17 at 3:33 pm
Posted by Wtxtiger
Gonzales la
Member since Feb 2011
7257 posts
Posted on 12/17/17 at 6:24 pm to
A 100' tidal wave would solve about half of this nation's problems
Posted by Dock Holiday
Member since Sep 2015
1632 posts
Posted on 12/17/17 at 6:27 pm to
quote:

tarzana


Based on what appears to be the final version of the bill, can you point to what is so wrong with it that its a deal breaker?

There are plenty of articles that point to lowering the corp tax rate so much... which is obserd. We need to be competitive and being north of 35% is the opposite...

Some point to a possible deficit increase, but fail to mention The 1.4 Trillion added between 2015 and 2016...

I have trouble figuring out what is so wrong with it other than it's sailed under the Republican flag. Some are so at odds with Republicans that if they came out in favor of oxygen they would suffocate themselves...
Posted by CamdenTiger
Member since Aug 2009
62383 posts
Posted on 12/17/17 at 6:27 pm to
Yeah, Krugman is a fraud. When he’s wrong, and he always is, it’s because we didn’t throw enough money at the problem. He’s the worst of the worst, a real Gruber- like figure...
Posted by Dale51
Member since Oct 2016
32378 posts
Posted on 12/17/17 at 6:30 pm to
quote:

Nobel prize winning economist Paul Krugman


The Nobel Prize is meaningless. A cultural popularity contest.
Posted by mattgr1983
Austin, Tx
Member since Oct 2012
2434 posts
Posted on 12/17/17 at 6:32 pm to
quote:

Dafuq is a "conservative liberal"??



Probably someone who believes in small government, but wants christian fundamentalists to mind their fricking business.
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