RPGCrazied
Member
No, there was a question to all of them if they would increase it, Trump said no, its too high.
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Trump proposes dramatic tax cuts for companies big and small, and other tax reforms
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No, there was a question to all of them if they would increase it, Trump said no, its too high.
Netherscourge
Banned
His ultimate plan is to remove undocumented workers, allow businesses to hire American's for peanuts and then force people off of welfare into the vacant, peanut-salary jobs the undocumented workers were removed from.
Mark it down. Those are the "new jobs" he wants to create and fill to dismantle the welfare and unemployment system.
Mark it down. Those are the "new jobs" he wants to create and fill to dismantle the welfare and unemployment system.
Angelus Errare
Banned
That's about as possible as you giving me 80% of your paycheck in hopes you'll get $1m in your bank the next day.
Lord Frieza
Member
Good fucking god
People were telling him just go for the lower corporate tax. Anymore would be dead on arrival and he swung for the fences. No way in hell any of this gets through. It fucks over everyone but the 1%. It completely fucks over his own supporters as well. Everyone should be fully aware of what some of these will do since tax season just passed. It should be fresh in people's mind how much they need those deductions. No way in hell do Dems agree to this. There's got to be a good number of republicans, for various reasons, will laugh at this. This is just beyond stupid. Not to mention how very likely trump and his family will 100% benefit from this.
Herr Schwarz
Banned
Well apparently instead of sitting on already massive stockpiles of hard cash, big business will get even more cash but this time they won't sit on it... they promise?
An advanced economy like the states, you can't just shake the can and expect anything but explosions.
You're not going to be able to create massive growth with a tax plan. Massive growth is more stimulated by opportunities stuff like emergent technologies create.
A lot of business is retracting not because of tax, but because of changes how we consume, so Joe The Plumber was already fucked. Most things that people need and require are already being served and you could argue growth is stifled more by monopolies within the free market and their lobby power. Than any current tax code.
It's an ignorant sloppy blow job to big business with little concern to the deficit. A president that's a serial bankruptee, that makes sense.
You also don't know how much debt Trump has accumulated personally and is kicking down the street.
RPGCrazied
Member
I mean yeah, they may not actually pay more tax, but this will be more costly for the poor. Take less from the wealthy give less to the poor in return.
Not only that but thinks of this, he wants to make a profit out of it also, other company's even more. People who will work are for penny's just like we see in china and other country's. Cheap labor with minimal income to even come around.
balladofwindfishes
Member
The CBO report on these cuts will be devastating.
Laevateinn
Member
I thought Republicans want people to work for their wealth and pull themselves up by their bootstraps? Why would they want to get rid of the Silver Spoon Tax?
Several CBO accountants' heads have already exploded.
/s
Several CBO accountants' heads have already exploded.
Carpe Libertatem
Member
These tax cuts would help me a bit (especially the increase in standard deduction) but holy shit it's a comically bad idea
But obviously their greater plan is cut taxes -> cut spending because revenue is less. Starve the beast and all that. Not even sure if they can pass these cuts in the first place without also cutting spending to make it revenue neutral.
But obviously their greater plan is cut taxes -> cut spending because revenue is less. Starve the beast and all that. Not even sure if they can pass these cuts in the first place without also cutting spending to make it revenue neutral.
timetokill
Banned
"The new big league economy will more than make up for the trillion and a half dollars of deficit this creates! Believe me."
It looks like it got deleted. What did it say?
This is Trump we're talking about. He's gonna fuck it up by his very nature.
Sounds about right
YuriLowell
Member
Wait you can't deduct Student Loan Interest?
The plan seems to rely on mostly just throwing money at people. The deficit will baloon. Trickle down doesn't work.
sankt-Antonio
:^)--?-<
Never understood the hard on the US seems to have regarding tax cuts. From what I read his base is okay with this.
I would gladly have mine raised if that meant a more sensible and stable society. Its worth nothing having a grand more a month if you get shot in the streets because someone fell thru the social net or is an uneducated cop or what have you.
I would gladly have mine raised if that meant a more sensible and stable society. Its worth nothing having a grand more a month if you get shot in the streets because someone fell thru the social net or is an uneducated cop or what have you.
If what that deleted tweet was saying was correct
Laevateinn
Member
Your dad should have bought the university a building so you wouldn't need to take out a loan. Maybe you should have thought about that before going to school?
ClosingADoor
Member
Just cut taxes on the poor and you will see economic growth. They actually spent the money then. Fuck off with these corporate and rich tax breaks.
I mean, do you have to ask?
I'm almost impressed - dynamic scoring is a load of BS that exists mostly to make these sorts of plans look better, but even it's not able to polish this turd.
Which deductions do you think people need?
Ziltoidia 9
Member
It would have the ability to work more of income inequality was so out of wack, but there are so few people with a lot of money, so it never trickles down, and it becomes a situation where there is 2 economies.
Wet Bloodfart
Banned
This fucks me completely.
Extra Sauce
Member
Blaming Democratic Presidents for the shit economy inherited from their Republican predecessor and crediting Republican Presidents for the economic recovery inherited from their Democratic predecessor is an American tradition and if you don't like it you can GIT OUT
Student loan interest is not an itemized deduction, so it would survive based on what's described thus far.
Netherscourge
Banned
Yup.
That how he'll entice Apple, Google, all the big tech companies to build factories in the US.
In addition to forcing them to stay here with crazy high tariff penalties, they can hire US factory workers for peanuts here, and forgo the foreign cheap-labor market altogether.
His plan for a business boom is to crush American wages.
Omegasquash
Member
You've really gotta wonder how much longer it'll be until their voter base realizes "holy shit, we've been lied to."
As if Trump supporters would dirty their hands as migrant workers.
RPGCrazied
Member
Sanders should be shitting himself right about now. This was his signature talking point.
Worked for President Kushner.
They love this shit and eat it up
If non-Trump voters dislike it then it's gotta be good for the country.
YuriLowell
Member
Damn you right. My bad.
Ziltoidia 9
Member
They think "the illegals" is what is ruining all their lives. The wall will be a smoke screen for it.
Fixed
Never. They don't care.
The Albatross
Member
Would be a pretty decent income tax reduction for my wife and I. We're in the 28% bracket today, so we'd likely be bumped down to 25%, and our mortgage is our largest deduction, so having the mortgage protected by reducing our bracket would be good personally. I also run a small business, so I'd get that ~4% back or so. Ideal situation, it could put ~$11,000 back in our household per year.
But that's unlikely, and I'd have to wait for it to all shake out, which it never does in the way you want it to. I also don't really mind paying higher taxes if it's going to the right thing. My wife is a school teacher whose salary is based on taxes, so I'm definitely not anti-tax.
But that's unlikely, and I'd have to wait for it to all shake out, which it never does in the way you want it to. I also don't really mind paying higher taxes if it's going to the right thing. My wife is a school teacher whose salary is based on taxes, so I'm definitely not anti-tax.
"Give more money to extremely rich people, they'll give even more back to the economy, hand out jobs, and better wages. Wealth will trickle down from the heavens.
Give money to poors, they'll lose their work ethic, use their healthcare fund and foodstamps on iPhones and designer handbags, abuse crack, and become lazy n...ahem..welfare queens."
Fuck this piece of shit ideology.
Give money to poors, they'll lose their work ethic, use their healthcare fund and foodstamps on iPhones and designer handbags, abuse crack, and become lazy n...ahem..welfare queens."
Fuck this piece of shit ideology.
Netherscourge
Banned
ACA
Welfare
Social Security
Medicare
Unemployment
-they will all be on the chopping block.
I hope you guys have a healthy 401K portfolio.
This won't pass.
For it to pass budget conciliation, it has to be budget neutral after 10 years.
Due to corporations being able to carry tax credits through to future years, it's been calculated that for it to be budget neutral after 10 years the tax cuts would have to expire after two years (at least according to analysis reported in the Financial Times today).
I really don't see the Republicans putting in the necessary toil to get this through Congress just for two years of tax cuts. 10 years yes, but not two.
For it to pass budget conciliation, it has to be budget neutral after 10 years.
Due to corporations being able to carry tax credits through to future years, it's been calculated that for it to be budget neutral after 10 years the tax cuts would have to expire after two years (at least according to analysis reported in the Financial Times today).
I really don't see the Republicans putting in the necessary toil to get this through Congress just for two years of tax cuts. 10 years yes, but not two.
RPGCrazied
Member
I hope 2018 is a turn around for the Democrats, hopefully we last that long, but we have to get control of congress back.
WordAssassin
Member
Is Trump's legacy going to basically boil down to, "Nobody knew this was so complicated!"?
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