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The Proposed Trump Tax Overhaul legislation

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  • Independent
    Ft.myers, FL
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    TJ Wrote:

    Trump always gets 2 scoops while others at the table get one.

    Taxes equal ice cream.

    m.facebook.com/story.php?story_fbid=177...

    Yes T.J. that is correct; however half the country does not understand this.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    The New Yorker has a good article on the GOP tax plan pointing out that the Republicans have a problem with balancing the respective House and Senate plans with their rhetoric and Trump's rhetoric on "promises". Basically they cannot make the math work with all their promises and still stay under their own $1.5 trillion budget limit.

    Their rhetoric has been heavy on middle class tax cuts, but when it comes to the pecking order of priorities, those middle class tax cuts will have to be largely sacrificed to fulfill the promises of those first in line at the trough: the rich and corporations. Those campaign donations will dry up if Republicans do not fulfill their obligations to their principle donors first.

    That's the way it works in Republican land, and after they fulfill their obligations to the big donors, we can expect a massive propaganda campaign telling the middle class how well they made out with the Trump budget. His supporters and Fox News viewers will believe him. Trump, Trump, Trump...at the next rally.

  • Independent
    Washington
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    Schmidt, I really need to spend more time studying this. What is hear that is factual is that the proposal will extend the deficit by 1.5 trillion over 10 years. The counter argument (political sales pitch), which is economic speculation, that the tax cuts will create a huge boost on our economy thus increase revenue that exceeds 1.5 trillion.

    This is what I hear them saying: "If you take out another mortgage on your house, and gable it at the casino using our new card-counting system, you'll be able to pay off your house twice as fast" and then show hypothetical numbers that demonstrate that it is possible under the perfect conditions.... Sure, in a perfect world, nothing goes wrong.

    IMHO, if people think Obamacare has been a horrible failure, this tax reform will have far worse results.

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    I'm awaiting my 1040A form on a postage stamp. A postcard is too big.

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Today, 11/13/2017, there are 48 days including the federal holidays left in this year. The house and senate bills differ, and from what I have heard on MSM, neither are even close to being the same. The republican scoundrels have 48 days in which to pass a tax reform bill. How many think they can get it done with sugarplums dancing in their skulls?
  • Democrat
    Bethesda, MD
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    First they try to kill the ACA and have actually done much harm to it. Next they want to deny the tax deduction for medical care and medical insurance. How just this one single thing going to reduce taxes for most middle to lower income working people?
  • Democrat
    Bethesda, MD
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    It is time for more protests. Killing Obamacare while taking away the Medical Deduction is plain nasty. People should be made aware of this. It is going to soak the middle class, elderly, and working poor who pay taxes. This "double whammy" is going unnoticed. Let your Congressmen and Senators know how you feel about it!
  • Center Left
    Independent
    Central, FL
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    Welcome to the DH. I hope you visit and contribute often.
  • Independent
    Washington
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    The elected republicans are in a catch-22. They have a tax bill that is really bad, and privately they don't want it to pass because they know they can do much much better. However, if they don't pass it, it is likely they will lose control of the Senate, and lose a lot of seats in the House.

    I think they know they have something akin to Obamacare in terms of the mess they will have afterwards, but they rather have a mess than nothing at all. They are taking trump's approach, pass it, then double down, and never admit it was crap in the first place. Just keep doubling down no matter how bad things get. If middle americans see a tax increase, just say it's a lie. It is about bluffing and never admitting that you're bluffing; always say that facts are lies if the facts expose the the truth.

    In chaos and confusion, people remain uncertain what to believe; they' will even doubt if 1+1=2. When things are calm, its easy for people to determine what is true, and separate the good guys from the scammers. This is a fundamental key to how trump operates; keep people off balance, and they'll always be in a state of confusion.

  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Unfortunately what you say is true. Trump supporters will believe anything Trump tells them, and the members of Congress have to deliver a win to their rich benefactors. Fox News will do their part to keep the con game going.
  • Are you sure you want to delete this post?
        

    America is burning. Our government is hanging by a thread. A criminal empire featuring Russian oligarchs along with a cast of characters worldwide that is beyond anything a normal person can even comprehend has taken over our government , and is working to collapse and destroy our economy ,our government even our military .

    Like a bull in a China shop.

    This tax bill , we know , is a bad idea . We know what happened a meer 8 years ago. We know the Republicans destroyed the economy to such an extent , we were on the verge of economic collapse. Only the very steady and wise direction applied by president obama saved our and the rest of the world actually.

    If they pass this bill , our economy will collapse , and it won't take long. Because even though president Obama did save us, the damage was done and it's still very real and very serious. We still owe all that money.

    What they are proposing , is to go back to pending money we do not have . It's that simple. More debt, means we are going to have more burden. More burden will slow the economy down , and eventually , cause it to collapse.

    Collapsing our economy , will cause our government o be weakened. Weak government's , fail.

    Once again , we are witnessing a coup de etat.

  • Center Left
    Independent
    Central, FL
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    The answer to every problem is give more to those who have nearly everything. SARCASM.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Just think of all the starving artists that make out like bandits when the rich buy their art...like a rich guy paying $450 million for a painting by da Vinci. Also SARCASM.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Vox, The Republican tax bill is far, far, far worse than it had to be

    Another analysis of the Republican tax plan. Many of these articles hit on the same themes but each presents the arguments in different ways such that eventually things sink in.

  • Independent
    Washington
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    Schmidt Wrote:

    Vox, The Republican tax bill is far, far, far worse than it had to be

    Another analysis of the Republican tax plan. Many of these articles hit on the same themes but each presents the arguments in different ways such that eventually things sink in.


    I am not a cynical person, but in this case, the worse the tax bill gets, the more lucky\richer trump becomes.

    Hell, if it was 100% tax cut for billionaires and Corps, and a huge tax increase for middle america, the tax bill would be a lock. trump's base eager to take out another mortgage their homes just so they can pay their increased taxes early and announce with joy to their children that college is not in their future because Food and Janitorials careers at trump hotels looks promising (according to trump).

    2020 News: Both Canada and Mexico are seeing a huge rise in middle class Americans apply for citizenship, deciding to leave the US for better paying jobs and lower taxes. trump wins in a landslide promising to increase taxes again in middle class and remove all taxes on himself. ;)