- Joined
- Jan 24, 2013
- Messages
- 20,738
- Reaction score
- 6,290
- Location
- Sunnyvale California
- Gender
- Male
- Political Leaning
- Liberal
Pretty much....
On the other hand, how can anyone celebrate a bill that robs you blind?
Pretty much....
Debt will increase because revenue will decrease. So for example, let's say program A cost $10 to operate. If your tax revenues were $10 before the tax cut, you could pay for it without any issues. But now, with the cut, tax revenues will only be $6, so in order to maintain program A, you will have to borrow $4.
As an alternative to borrowing, the GOP will likely slash and burn such programs to balance the budget.
LOL Spending is a given, revenue is determined by tax rates passed by Congress. The difference is what causes debt.
Hint: There's a reason that the price tag for these cuts is (usual estimate) 1.5 trillion.
You're talking about deficits.
and those are the elephants in the room that neither side has been willing to tackle for decades now
should they be addressed? you bet
will they? probably not
this congress will continue to kick the can down the road till there is no road left....like every congress before
all sides know the three elephants are defense, social security, and medicare
that is the only place serious cuts CAN come from....but neither D or R congresses have had the stones to address the issues
so they just keep adding debt....more deficits and it doesnt matter what side is in power
i would love it IF they actually would seriously talk about those 3 elephants....and work out how we are going to deal with them
but i seriously doubt that will happen....no matter what the talking heads are saying right now
I think the Dems blew it. They did their Chicken Little routine on the tax bill but they lost the message. The GOP has branded this bill as a "tax cut for the middle class" and on the end of the day, more than 80 percent of Americans will see a tax cut their first year. Yeah, some future Congress may allow the individual rates to go up, but it is unlikely. So the Dems who successfully allied with the national media to create the impression that this was only a tax cut for the wealthy may have done a disservice to themselves in the long run. Granted that the wealthy will enjoy six times the benefits as the rest of us combined, but that doesn't make as compelling a soundbyte as "Armageddon!"
The message could have been on debt, high interest rates, rising inflation, and low wages. Once consumer confidence peaks, reality will likely set in, and the true cost of this bill will not be measured by how much of your paycheck you get to keep, but if your paycheck remains the same wage, buys less than it did before, and is split in more ways to pay down debts. The GOP knows nothing is free, and they are betting that average Americans will forget it and reward them for generously undermining their future to finance a measly middle class tax cut and a massive wealthy tax cut. Let's see how it plays out. My money is on the GOP.
The bill was very unpopular. I think Dems won the PR war pretty handily. The PR war doesn't always translate to actual votes on legislation.
Not so fast. The crack is being handed out. The addict won't face withdrawal for a couple of years.
It's pretty easy to borrow a ton of money and goose the economy. That's all the GOP is doing here.
Deficits become debt. What's your point? My point id that most of this is both unwise an unnecessary. The main beneficiaries of this thing are already sitting on hordes of cash.
The price tag for this is estimated to be 1.5 trillion. Where did you think that money was coming from?
And the debt will rise.
People do love "free stuff".
This is the Repub Santa, with 1.5 trillion in presents in his bag. The Repub Grinch will be along in a year or 2 trying to pay for it by stealing from SS and Medicare.
America is pretty myopic.
The bill was very unpopular. I think Dems won the PR war pretty handily. The PR war doesn't always translate to actual votes on legislation.
Really because trump promised he would be a big loser from this tax plan and that the wealthy would not benefit.
You were conned.
I know I won't forget who authored this tax giveaway to the wealthy.
Their next target is the safety-net programs -- SS, Medicare, Medicaid.
Polls indicate that Trump/GOP has already lost the younger generation.
This will ensure they also lose the support of seniors (65+) and the overwhelming number of citizens approaching retirement (55-65).
10,000 Americans are retiring every day now and this wave will continue for the next 19 years.
The left could care less whether the debt rises.
LOL Spending is a given, revenue is determined by tax rates passed by Congress. The difference is what causes debt.
The repubs are better at appealing to the lowest uneducated rube common denominator
"it's my money"
Don't care if they get $50 and screw the rest.
The good old American way
Unbelievably selfish
I guess they have no prob sucking off their socialist VA SS Medicare benefits
On the other hand, how can anyone celebrate a bill that robs you blind?
Deficits become debt. What's your point? My point id that most of this is both unwise an unnecessary. The main beneficiaries of this thing are already sitting on hordes of cash.
The price tag for this is estimated to be 1.5 trillion. Where did you think that money was coming from?
Not so fast. The crack is being handed out. The addict won't face withdrawal for a couple of years.
It's pretty easy to borrow a ton of money and goose the economy. That's all the GOP is doing here.
Who is it robbing? About 80% get a tax break. Oh, wait a minute. I know who it robs - those wealthy people in high taxed states who can't claim any more than $10,000 in deductions for state, local, and property taxes. Poor babies. Funny how the left complain about rich people in high taxed states getting robbed.
Many Americans, both citizens and "grammar experts" think people who speak like this are incompetent speakers.
Let’s see it robs the Americans of money that can be used to fund education. And how does it do this?
It creates a deficit intentionally in order to justify unnecessary spending cuts. Cuts need to be made. When did the left start caring about the debt?
It raises taxes on Americans by removing tax deductions. Really? The standard deduction is doubled, which helps out the poorer and state, local, and property tax deductions are limited to $10,000 which hurts the rich
It further fuels the growing income inequality in this country.So? The poor get richer. Who cares what happens to the other guy?
What? Are you trying to dodge the truth by giving me an English lesson?