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re: What are y'all doing with your upcoming tax savings?

Posted on 12/20/17 at 9:42 pm to
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 12/20/17 at 9:42 pm to
quote:

Also I'm willing to bet 99% of people don't know why the rate expires after 10 years. Hint: It's not because they didn't want to keep it in.

To try to make it budget neutral or at least more favorable. Same reason they added the individual mandate part.
Posted by Cocotheape
Member since Aug 2015
3782 posts
Posted on 12/20/17 at 9:42 pm to
They could have kept individual rates the same and made some of the corporate provisions expire. They didn't want to keep it in.

You can argue about the trade offs, but they could have made the individual cuts permanent and chose not to.
Posted by cajunangelle
Member since Oct 2012
146773 posts
Posted on 12/20/17 at 9:51 pm to
truck nuts
Posted by rintintin
Life is Life
Member since Nov 2008
16178 posts
Posted on 12/20/17 at 9:56 pm to
quote:

To try to make it budget neutral or at least more favorable. Same reason they added the individual mandate part.


Not exactly

quote:

You can argue about the trade offs, but they could have made the individual cuts permanent and chose not to.


Sure, they chose the corporate rates over the individual rates. And we can argue all day about which is more beneficial for the economy in the long run.

But what's not up for debate is all of this would be a moot point if at least some Democrats would've voted for the bill. Neither rate would expire. But out of pure spite not a single one voted to lower taxes for the majority of the country.
Posted by Cocotheape
Member since Aug 2015
3782 posts
Posted on 12/20/17 at 10:11 pm to
"out of pure spite"

Yeah okay bro, Democrats didn't vote for a huge corporate tax cut only out of spite, not because it goes against party platform or anything. And politically, why support anything proposed by a Speaker and Senate majority leader no one likes, and a historically unpopular president? Give me a break...

I guess no Republicans voted for ACA out of pure spite as well? Didn't have anything to do with the party position on healthcare, just spite right?
Posted by rintintin
Life is Life
Member since Nov 2008
16178 posts
Posted on 12/20/17 at 10:56 pm to
That's a very disingenuous comparison, Healthcare vs taxes. It's not even comparable really .

Cutting taxes helps virtually everybody. They simply refused because it also helps corporations.

Name me a single demographic on the left that is negatively affected by this tax bill.

That's like saying I refuse to help my brother because it also helps my enemy.

That's a far cry from the ACA, which negatively affected many in the rights voter base.
Posted by JackieTreehorn
Malibu
Member since Sep 2013
29089 posts
Posted on 12/20/17 at 11:08 pm to
The new Yeti bucket.
Posted by Cocotheape
Member since Aug 2015
3782 posts
Posted on 12/20/17 at 11:12 pm to
1. This tax bill affects healthcare

2. The government just gave a trillion dollars to corporations that Democrats could have given to their base instead.

3. This bill will have negative effects for wealthy people in states with high income taxes, primarily Democrats and the type that contribute as well.

Posted by Horsemeat
Truckin' somewhere in the US
Member since Dec 2014
13531 posts
Posted on 12/21/17 at 1:03 am to
Buy a few beers and pour a little out for those that the Democrats said were going to die in the streets.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 12/21/17 at 4:31 am to
Take your crazy arse to the poli board.
Posted by Flame Salamander
Texas Gulf - Clear Lake
Member since Jan 2012
3044 posts
Posted on 12/21/17 at 6:06 am to
Light more cigars with hunnerds.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 12/21/17 at 6:18 am to
quote:

JBE doesn't have the backing in the state legislature to raise taxes


You think for one minute that they going to cut that 1 billion dollar short fall? Some one has to pay for bigger government spending. It's going to be middle class families again.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 12/21/17 at 6:19 am to
Welding machine
Posted by rintintin
Life is Life
Member since Nov 2008
16178 posts
Posted on 12/21/17 at 6:26 am to
quote:

1. This tax bill affects healthcare 


Eh, thats a stretch. It simply repeals a borderline unconstitutional mandate to buy something.

quote:

The government just gave a trillion dollars to corporations that Democrats could have given to their base instead. 


Uh, they didn't "give" them anything. That's a huge flaw in your thinking. Letting people keep more of their money is not giving them money. What you mean is they could have taken more of everyone's money and redistributed it to others.

I'm sorry many democrats can't recognize the difference between being given handouts versus being able to actually keep more of their money.

quote:

3. This bill will have negative effects for wealthy people in states with high income taxes, primarily Democrats and the type that contribute as well. 


I thought Democrats wanted wealthy people to pay more?
Posted by Cocotheape
Member since Aug 2015
3782 posts
Posted on 12/21/17 at 6:56 am to
I'm wasting my time but:

quote:



Eh, thats a stretch. It simply repeals a borderline unconstitutional mandate to buy something.



So something that affects whether millions of people will have insurance, and the cost of the insurance with of the people who do have policies is a "stretch" to say affects healthcare? Okie dokie. This is not a referendum on whether ACA is good or not, Democrats obviously support it and aren't going to vote against it.

quote:


Uh, they didn't "give" them anything. That's a huge flaw in your thinking. Letting people keep more of their money is not giving them money. What you mean is they could have taken more of everyone's money and redistributed it to others.


This simplistic line of thinking is usually delivered from people who start with the false premise that all taxes are bad. Sorry fake conservative, the government must be funded. If you want to cut spending, fine, but this bill didn't cut spending, it reduces tax revenues and increases the deficit.

Corporations pay less taxes than individuals and are doing well. This tax cut provides them an additional trillion dollars. Democrats don't agree with that. This isn't complicated to understand why they think this is a bad idea.

quote:

I thought Democrats wanted wealthy people to pay more?



Not their base disproportionately. Dont be dumb
This post was edited on 12/21/17 at 6:57 am
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51274 posts
Posted on 12/21/17 at 7:00 am to
Paying down debt.
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 12/21/17 at 7:20 am to
quote:

3. This bill will have negative effects for wealthy people in states with high income taxes, primarily Democrats and the type that contribute as well. 

Why should states with low taxes have to subsidize states with high taxes? In the current tax system Texas is subsidizing California.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 12/21/17 at 7:39 am to
quote:

it reduces tax revenues


If history repeats itself like it has done every time we have had a tax cut then revenues will actually go up.
Posted by Cocotheape
Member since Aug 2015
3782 posts
Posted on 12/21/17 at 7:54 am to
quote:


Why should states with low taxes have to subsidize states with high taxes? In the current tax system Texas is subsidizing California.


If you are asking me personally, I don't think they should. Granted its more complicated than you've presented because the CA resident will likely have higher wages as well due to higher cost of living.

If you are asking why a Democrat congressman from California would support Texas subsidizing his constituents, I think that's quite obvious. It's a self interested vote, but that's how things have always worked.
Posted by rintintin
Life is Life
Member since Nov 2008
16178 posts
Posted on 12/21/17 at 8:00 am to
And I'm wasting my time but.....

quote:

So something that affects whether millions of people will have insurance, and the cost of the insurance with of the people who do have policies is a "stretch" to say affects healthcare? Okie dokie. This is not a referendum on whether ACA is good or not, Democrats obviously support it and aren't going to vote against it. 



I'll concede on that point. Yes it absolutely affects healthcare. My point more pointed towards this bill repealing an already unconstitutional piece of that bill.

quote:

This simplistic line of thinking is usually delivered from people who start with the false premise that all taxes are bad. Sorry fake conservative, the government must be funded. If you want to cut spending, fine, but this bill didn't cut spending, it reduces tax revenues and increases the deficit. 


You can make those assumptions, but you'd be wrong about me. I fully understand taxes are necessary, as do most people who enjoy tax cuts. That's simply a straw man created by many liberals when people don't agree with raising taxes and spending money into oblivion. There's a HUGE difference between wanting tax cuts and not wanting any gov't. You seem like an intelligent person so it surprises me that you make that illogical leap.

quote:

If you want to cut spending, fine, but this bill didn't cut spending, it reduces tax revenues and increases the deficit. 


Do you honestly think the gov't is going to all of a sudden cut spending when they are raking in record tax revenues? Perhaps it takes cutting those revenues first in order for them to realize spending needs to be reduced? Hopefully this will spur it.

quote:

Corporations pay less taxes than individuals 


This is simply false.

quote:

Not their base disproportionately. Dont be dumb


How is it their base disproportionately? And don't blame local taxes on the Fed gov't?

Btw, I'm not a "conservative" as you say. I've never voted Republican. Another wrong assumption.
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