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Thread: This Tax Bill Is a Trillion-Dollar Blunder

  1. #11
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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Donald Trump does not understand that the United States is no longer where it was politically during the 1980's, and that he is not Ronald Reagan. Reagan's voodoo economic scam does not work any more.

    My hope is that there is an immediate backlash against this, leading to the Democrat domination of the United States, and substantial tax increases for the well to do.

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Rogue Valley View Post
    This Tax Bill Is a Trillion-Dollar Blunder


    Congress and President Trump put politics ahead of smart reform.....


    The GOP tax 'reform' package will do significant long-term harm to most Americans and their descendants. It will not pay for itself, instead increasing an already massive deficit. Many Americans [rightfully] believe that funding sorely needed infrastructure repair and replacement should have been the initial Congressional bipartisan endeavor. The GOP however, is ramming through a horrible tax package first for a specific reason. After passage, the GOP will then disingenuously bemoan the fact that the deficit is increasing [an unavoidable consequence of their tax legislation] and demand deep cuts in America's safety-net programs -- Social Security, Medicare, and Medicaid. While the rich get wealthier, everyone else gets the dregs with emaciated safety-net programs when the economy bottoms out from the deep recession that the GOP 'revenue-negative' tax legislation virtually guarantees. There is an underlying rationale why the Republican House/Senate leadership changes their reconciliation tax package on a daily basis. They do not want their legislation scored [by the CBO and independent economic analysis] before a quick floor vote. They do not want to provide the public/media any checks and balance. Such a tactic speaks volumes of the lengths the GOP will travel to pass their pro-wealth agenda in this specific order.

    Related: Republicans Despise the Working Class - The New York Times
    Awesome....

    We can bundle this mistake with the many trillions the democrats added over the past 8 years and go down in a blaze of glory.
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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Fletch View Post
    Not sure what your beef is. Deficits don't matter, remember.
    They only matter to the party that is not in power.


    "He’s now president for life. President for life. And he’s great.” Trump added, “I think it’s great. Maybe we’ll give that a shot someday.” -Trump speaking of Xi Jinping

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by SmartCat View Post
    Donald Trump does not understand that the United States is no longer where it was politically during the 1980's, and that he is not Ronald Reagan. Reagan's voodoo economic scam does not work any more.
    that's because Trump was handed an economy where interest rates and inflation are at historic lows, and employment is at historic highs. I'm actually not sure what it is that is being "fixed" in the economy with this bill.

    My hope is that there is an immediate backlash against this, leading to the Democrat domination of the United States, and substantial tax increases for the well to do.
    preach on
    I'm not going to chase you while you run around with the goalpost in your arms.

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by RetiredUSN View Post
    Awesome....

    We can bundle this mistake with the many trillions the democrats added over the past 8 years and go down in a blaze of glory.
    Except Republicans were running Congress for the last 6 out of 8 years, remember? When we talk about the good things that happen in the economy, you seem to remember that.
    I'm not going to chase you while you run around with the goalpost in your arms.

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Critter7r View Post
    Except Republicans were running Congress for the last 6 out of 8 years, remember? When we talk about the good things that happen in the economy, you seem to remember that.
    I'm not the one whining about a tax bill.
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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by RetiredUSN View Post
    I'm not the one whining about a tax bill.
    I disagree that calling out this insanity is "whining". Unless you think that all of your protests against Obama policies were "whining". Then I'm ok with it. But if you think all your "whining" is legitimate and everyone else's is just bitching, then you're just being a hypocrite.
    I'm not going to chase you while you run around with the goalpost in your arms.

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Rogue Valley View Post
    This Tax Bill Is a Trillion-Dollar Blunder


    Congress and President Trump put politics ahead of smart reform.....


    The GOP tax 'reform' package will do significant long-term harm to most Americans and their descendants. It will not pay for itself, instead increasing an already massive deficit. Many Americans [rightfully] believe that funding sorely needed infrastructure repair and replacement should have been the initial Congressional bipartisan endeavor. The GOP however, is ramming through a horrible tax package first for a specific reason. After passage, the GOP will then disingenuously bemoan the fact that the deficit is increasing [an unavoidable consequence of their tax legislation] and demand deep cuts in America's safety-net programs -- Social Security, Medicare, and Medicaid. While the rich get wealthier, everyone else gets the dregs with emaciated safety-net programs when the economy bottoms out from the deep recession that the GOP 'revenue-negative' tax legislation virtually guarantees. There is an underlying rationale why the Republican House/Senate leadership changes their reconciliation tax package on a daily basis. They do not want their legislation scored [by the CBO and independent economic analysis] before a quick floor vote. They do not want to provide the public/media any checks and balance. Such a tactic speaks volumes of the lengths the GOP will travel to pass their pro-wealth agenda in this specific order.

    Related: Republicans Despise the Working Class - The New York Times
    The people do not matter in american society, but boy you should see our aristocracy. However, to suggest this corruption is not utterly bipartisan is pure unadulterated BS.

    Privatized gains versus socialized losses for the Wall Street bankster class
    Internalized profit versus externalized risk and expense for the "job creator" class
    Socialism for the aristocracy versus laissez-faire capitalism for the masses

    This scam does exactly what it was designed to do, redistribute even more wealth out of the hands of the people into the hands of the corporate state overlords.

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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by Fenton Lum View Post
    The people do not matter in american society, but boy you should see our aristocracy. However, to suggest this corruption is not utterly bipartisan is pure unadulterated BS.

    Privatized gains versus socialized losses for the Wall Street bankster class
    Internalized profit versus externalized risk and expense for the "job creator" class
    Socialism for the aristocracy versus laissez-faire capitalism for the masses

    This scam does exactly what it was designed to do, redistribute even more wealth out of the hands of the people into the hands of the corporate state overlords.
    How can you say this is bipartisan?

    Did any Democrats vote for it?

    No, Democrat lawmakers will cling to their Republican piers as lawmakers for their lot and they were one third responsible for the crash in 2008, but you can't say the Democrats are connected to this unless they vote for it.
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  10. #20
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    Re: This Tax Bill Is a Trillion-Dollar Blunder

    Quote Originally Posted by SmartCat View Post
    Donald Trump does not understand that the United States is no longer where it was politically during the 1980's, and that he is not Ronald Reagan. Reagan's voodoo economic scam does not work any more.

    My hope is that there is an immediate backlash against this, leading to the Democrat domination of the United States, and substantial tax increases for the well to do.

    Quote Originally Posted by Critter7r View Post
    preach on
    The New York Post October 11, 2017

    WASHINGTON – As President Donald Trump promotes a tax plan that critics say would raise the federal deficit by slashing corporate rates and eliminating some taxes paid by the rich, some three-quarters of Americans believe the wealthiest should pay more, Reuters/Ipsos polling shows.

    An additional 23 percent “somewhat agree” the wealthiest should pay higher tax rates, according to the poll of 1,504 people, which had a credibility interval, a measure of accuracy, of plus or minus 6 percentage points.

    Trump’s tax framework proposed cutting the corporate tax rate to 20 percent from 35 percent and creating a new category for pass-through income earned by partners and sole proprietors, which would be taxed at 25 percent, instead of the 39.6 percent top individual rate currently paid by some.
    https://nypost.com/2017/10/11/most-a...the-rich-poll/

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