Every Leftist Voted Against Pro-Growth Middle Class Tax Cut [W:139]

[DamnYankee]

https://townhall.com/tipsheet/guybe...ajor-progrowth-middle-class-tax-cuts-n2424776

Every single Democrat who cast votes on the bill in both legislative chambers voted no. 'Resistance' now requires consigning your working class and middle-income constituents to higher tax burdens, apparently. Thanks to Democrats' unified failure, more than 80 percent of taxpayers will see an immediate cut...

That's what the left calls, "looking out for the little guy."

It's been a long time since the middle class got some relief from big govt oppressive taxes.

 

[StillBallin75]

Your misunderstanding of what's in this tax bill is laughable.

 

[Critter7r]

https://townhall.com/tipsheet/guybe...ajor-progrowth-middle-class-tax-cuts-n2424776

Every single Democrat who cast votes on the bill in both legislative chambers voted no. 'Resistance' now requires consigning your working class and middle-income constituents to higher tax burdens, apparently. Thanks to Democrats' unified failure, more than 80 percent of taxpayers will see an immediate cut...

... of about 50 bucks a month. Woooo!!!

 

[celticwar17]

... of about 50 bucks a month. Woooo!!!

I'll take 50$ a month....

you want a government check of 1k a month or something?

 

[Tanngrisnir]

https://townhall.com/tipsheet/guybe...ajor-progrowth-middle-class-tax-cuts-n2424776

Every single Democrat who cast votes on the bill in both legislative chambers voted no. 'Resistance' now requires consigning your working class and middle-income constituents to higher tax burdens, apparently. Thanks to Democrats' unified failure, more than 80 percent of taxpayers will see an immediate cut...

That's what the left calls, "looking out for the little guy."

It's been a long time since the middle class got some relief from big govt oppressive taxes.

Not all Democrats are 'leftist'. Words have meanings. I suggest you look into that.

And this is overwhelmingly a corporate tax cut, not a middle class one. If you had any interest in honestly addressing the issue, you'd know that.

 

[DamnYankee]

I'll take 50$ a month....

you want a government check of 1k a month or something?

Hey, keeping $50. of your own money is always good.

I probably will not see any of it since I live in Kalifornia, but I'm grateful that many Americans will.

It just goes to show you, leftists are so stingy and selfish they whine and complain if you get keep even a lousy $50 of your own frickin' money. LOL

 

[Visbek]

It's been a long time since the middle class got some relief from big govt oppressive taxes.

Bwahahaha

70% of the tax bill's benefits go to corporations. That doesn't benefit the middle class.

This bill is not written to provide the middle class much relief. It's a huge giveaway to corporations and the wealthy. To wit:

• The estate tax limit is now lifted to $11 million. If you have more than $11 million in the bank, you're not middle class.

• The bill killed recharacterization of IRAs. How does that help the middle class?

• The bill kills the tax incentives for small businesses to contribute to employee retirement. How does that help the middle class?

• The bill severely curtails SALT deductions -- i.e. filers can get double-taxed. There are lots of middle class households in states with high state and property taxes, how does this change help them?

• The bill eliminates the personal exemptions, which is $4050 per person. This nixes much of the benefits. How does that help a household with an income of $75,000 a year?

• Deductions are now linked to chained CPI, which is lower than the standard inflation rate. This means that deductions, exemptions etc will be worth less in the future than without that change. Woah! Sign me up.

• The only real potential benefit is for families with lots of kids, as Rubio crowbarred a child tax credit into the bill. The thing is.... All of the individual changes expire in 2025. So even if you're right, all those changes die in 8 years -- while the corporate tax cuts are permanent. Yup, another big win for the middle class.

Play around with the CNN calculator. For households of $75k to $225k, it looks like they get around a 5% break. We're talking a few thou a year; if a household saves $3000, that's a whopping $250/month. That's what, your monthly tab for Starbucks and cable TV, right?

So, here's the real kicker. The Republicans have spent months cutting taxes, which means lost tax revenue, which means higher deficits and higher debts. They know this will cost about $150 billion per year; their own rules stipulate that's the maximum revenue they can give up. What is now likely to happen is the Republicans will insist that we must slash Social Security and Medicare because... the deficits will be too high at the current rates! Needless to say, this will be a huge kick in the face to middle-class households, if not now, then when they retire.

This bill doesn't benefit the middle class. The middle class, for the most part, understands this. That's why this tax bill is singularly unpopular, and is even less popular that several tax hikes.

 

[tres borrachos]

https://townhall.com/tipsheet/guybe...ajor-progrowth-middle-class-tax-cuts-n2424776

Every single Democrat who cast votes on the bill in both legislative chambers voted no. 'Resistance' now requires consigning your working class and middle-income constituents to higher tax burdens, apparently. Thanks to Democrats' unified failure, more than 80 percent of taxpayers will see an immediate cut...

That's what the left calls, "looking out for the little guy."

It's been a long time since the middle class got some relief from big govt oppressive taxes.

Their constituents voted for them to go to DC to fight for the middle and lower classes, not the highest income earners, born-into-wealth wealthy citizens, and corporations, which are all sadly the (by far) largest recipients of the positives of this bill. Of course they didn't vote for it. Just like no Republicans voted for the passage of the ACA.

I'm not sure you understand how elections and politics work.

 

[camlok]

Hey, keeping $50. of your own money is always good.

I probably will not see any of it since I live in Kalifornia, but I'm grateful that many Americans will.

It just goes to show you, leftists are so stingy and selfish they whine and complain if you get keep even a lousy $50 of your own frickin' money. LOL

I think that you should have focused more on the posts that suggested such things as, "Your misunderstanding of what's in this tax bill is laughable".

 

[eohrnberger]

AT&T is giving $1,000 bonuses to 200,000 employees after tax bill

• AT&T is paying bonuses of $1,000 to more than 200,000 U.S. employees.
• AT&T's CEO said it was in response to tax reform.

AT&T was quick to respond to news of U.S. tax reform, announcing it would give some employees bonuses once the legislation is signed into law.
The telecom giant said in a press release Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.

"Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world," CEO Randall Stephenson said in a statement. "This tax reform will drive economic growth and create good-paying jobs. In fact, we will increase our U.S. investment and pay a special bonus to our U.S. employees."

https://www.cnbc.com/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html

TRUMP EFFECT: Boeing Announces $300 Million Investment Initiative Thanks To GOP Tax Reform

Boeing said the $300 million includes:

• $100 million for corporate giving, with funds used to support demand for employee gift-match programs and for investments in Boeing’s focus areas for charitable giving: in education, in community development, and for veterans and military personnel.
• $100 million for workforce development in the form of training, education and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.
• $100 million for “workplace of the future” facilities and infrastructure enhancements for Boeing employees.

“On behalf of all our stakeholders, we applaud and thank Congress and the administration for their leadership in seizing this opportunity to unleash economic energy in the United States,”Boeing CEO Dennis Muilenburg said in a statement Wednesday.


“It’s the single most important thing we can do to drive innovation, support quality jobs and accelerate capital investment in our country.”

“Each of these investments benefits Boeing’s most important strength – our employees – and reflects the real-time impact and economic benefit of the reforms,” Muilenburg added.


December 20, 2017 by Joshua Caplan
https://www.thegatewaypundit.com/20...-investment-initiative-thanks-gop-tax-reform/

Now that the US corporate taxation is competitive with other world markets, will we see the 'Made in the USA' label march across the planet as it has in the past? US to become a major products exporter again?

One can only hope. In the mean time, these 2 companies are delivering good news, and there may be more to follow.

Just don't forget to enjoy your 'Armageddon', as Schumer and Pelosi have called it. If this is Armageddon, can we have more?

 

[calamity]

https://townhall.com/tipsheet/guybe...ajor-progrowth-middle-class-tax-cuts-n2424776

Every single Democrat who cast votes on the bill in both legislative chambers voted no. 'Resistance' now requires consigning your working class and middle-income constituents to higher tax burdens, apparently. Thanks to Democrats' unified failure, more than 80 percent of taxpayers will see an immediate cut...

That's what the left calls, "looking out for the little guy."

It's been a long time since the middle class got some relief from big govt oppressive taxes.

Every moron voted to line the pockets of the fat cats. That would be an accurate summary of this week's events.

 

[iliveonramen]

Their constituents voted for them to go to DC to fight for the middle and lower classes, not the highest income earners, born-into-wealth wealthy citizens, and corporations, which are all sadly the (by far) largest recipients of the positives of this bill. Of course they didn't vote for it. Just like no Republicans voted for the passage of the ACA.

I'm not sure you understand how elections and politics work.

The Trump campaign was pretty much Bernie Sander's economic campaign. He could of easily been a Democrat based on his promises until he got into his social and international policy.

I don't ever remember him promising a huge Corporate tax cut...I think that wouldn't play overly well in the districts in Mich and Ohio that he used to barely squeak out his victory....

 

[Moderate Right]

Your misunderstanding of what's in this tax bill is laughable.

Your misunderstanding of what's in this tax bill is laughable.

 

[Moderate Right]

Not all Democrats are 'leftist'. Words have meanings. I suggest you look into that.

And this is overwhelmingly a corporate tax cut, not a middle class one. If you had any interest in honestly addressing the issue, you'd know that.

Democrats are all leftists. Just because many are not socialists doesn't mean that they aren't leftists. So, you admit that it is a middle class tax cut, you're just jealous because the rich got more.

 

[Moderate Right]

Bwahahaha

70% of the tax bill's benefits go to corporations. That doesn't benefit the middle class.

This bill is not written to provide the middle class much relief. It's a huge giveaway to corporations and the wealthy. To wit:

• The estate tax limit is now lifted to $11 million. If you have more than $11 million in the bank, you're not middle class.

• The bill killed recharacterization of IRAs. How does that help the middle class?

• The bill kills the tax incentives for small businesses to contribute to employee retirement. How does that help the middle class?

• The bill severely curtails SALT deductions -- i.e. filers can get double-taxed. There are lots of middle class households in states with high state and property taxes, how does this change help them?

• The bill eliminates the personal exemptions, which is $4050 per person. This nixes much of the benefits. How does that help a household with an income of $75,000 a year?

• Deductions are now linked to chained CPI, which is lower than the standard inflation rate. This means that deductions, exemptions etc will be worth less in the future than without that change. Woah! Sign me up.

• The only real potential benefit is for families with lots of kids, as Rubio crowbarred a child tax credit into the bill. The thing is.... All of the individual changes expire in 2025. So even if you're right, all those changes die in 8 years -- while the corporate tax cuts are permanent. Yup, another big win for the middle class.

Play around with the CNN calculator. For households of $75k to $225k, it looks like they get around a 5% break. We're talking a few thou a year; if a household saves $3000, that's a whopping $250/month. That's what, your monthly tab for Starbucks and cable TV, right?

So, here's the real kicker. The Republicans have spent months cutting taxes, which means lost tax revenue, which means higher deficits and higher debts. They know this will cost about $150 billion per year; their own rules stipulate that's the maximum revenue they can give up. What is now likely to happen is the Republicans will insist that we must slash Social Security and Medicare because... the deficits will be too high at the current rates! Needless to say, this will be a huge kick in the face to middle-class households, if not now, then when they retire.

This bill doesn't benefit the middle class. The middle class, for the most part, understands this. That's why this tax bill is singularly unpopular, and is even less popular that several tax hikes.

The middle class got a decent tax cut. Who cares that someone else got more? I don't care.

 

[Linc]

Every alt-rightist voted for 83% of the trump giveaways to the top 1% ...

 

[Moderate Right]

Their constituents voted for them to go to DC to fight for the middle and lower classes, not the highest income earners, born-into-wealth wealthy citizens, and corporations, which are all sadly the (by far) largest recipients of the positives of this bill. Of course they didn't vote for it. Just like no Republicans voted for the passage of the ACA.

I'm not sure you understand how elections and politics work.

Ummmmmmmmmmmmm. The tax cut benefits the middle class.

 

[Moderate Right]

Every moron voted to line the pockets of the fat cats. That would be an accurate summary of this week's events.

80% of Americans got a tax cut and all Democrats can do is their usual - whine that someone else got more.

 

[Tanngrisnir]

Democrats are all leftists. Just because many are not socialists doesn't mean that they aren't leftists. So, you admit that it is a middle class tax cut, you're just jealous because the rich got more.

LOL! No, no matter how enraged that makes you, they're simply not all 'leftists'.

Marxists like you have such a hard time with simple English.

 

[Critter7r]

I'll take 50$ a month....

you want a government check of 1k a month or something?

Not at the expense of a $1.5T larger hole in the budget.

Hey, keeping $50. of your own money is always good.

I probably will not see any of it since I live in Kalifornia, but I'm grateful that many Americans will.

It just goes to show you, leftists are so stingy and selfish they whine and complain if you get keep even a lousy $50 of your own frickin' money. LOL

That includes the $50 of my own money I am going to get to keep.

 

[Linc]

Thousands of proven BOILs from czar trumpybear's cabal this year; Blatant Outrageous Irrational Lies ...

 

[Visbek]

The middle class got a decent tax cut. Who cares that someone else got more? I don't care.

:roll:

The bill will vastly exacerbate income inequality. Among other issues, this means that -- as we saw with this tax bill -- a tiny handful of donors will get their way with Congress, while the vast majority of taxpayers get nothing.

Since you didn't bother to read: Republicans will use this as an excuse to attack Social Security, Medicare, and other popular entitlements and programs. The net result is that the middle class will get screwed. If you're in that group, then you should probably care about that.

The end result is that we're going to have higher federal deficits and debts, with no growth to show for it. Even if you don't care? You should care.

 

[Linc]

Democrats are all leftistsJust because many are not socialists doesn't mean that they aren't leftists. So, you admit that it is a middle class tax cut, you're just jealous because the rich got more.

Republicans are all alt-reichists. We Democrats will take being dishonestly defined as a leftist over bring a trumputin mussolini black shirt ...

 

[DamnYankee]

Every moron voted to line the pockets of the fat cats. That would be an accurate summary of this week's events.

So what? I'm not the envious type. People keeping more of their money doesn't bother me like it does leftists who believe just because someone has a dollar, means someone lost a dollar.

 

[haymarket]

Your misunderstanding of what's in this tax bill is laughable.

The real sad thing is I do NOT think its misunderstand by any stretch of the imagination. The right wing which supports this knows full well that the vast majority of benefit of this goes to corporations with money and rich folks with money and the debt is increased and people are cut off insurance and THEY DO NOT CARE. That is the type of program they want and support and all the talk about a middle class tax cut is them laughing up their sleeves as they bend everyone else over the table knowing full well what they are doing and who gets hurt by it.

The right wing is evil. Make no mistake about that.

And down the road they will use these cuts to demand more cuts in social spending.