This marks the moment we ceded leadership in higher ed and science wholesale to Europe and China. Congrats, in the very short term, to big business their lobbyists and red states. You won... in the short term. When you have no skilled labor to hire, you can further ramp up your outsourcing. Winning, I guess.
My hope... people attend republican congressmen town halls and just as with health care, hold these congressmen's feet to the fire.
It's not an ideology though. There is no motivating ideology behind this bill - it is a pure act of war and oppression on behalf of the global super rich against the American people. It's distressing because this didn't really even play out the way normal interest group politics works. They just basically broke the rules and trashed the system. That makes it harder to do things like rid ourselves of a corrupt, demented Russian plant as President or not elect child molesters to the Senate.
So you are fine with increasing the deficit by well over one trillion dollars? Got it. Are you a multimillionaire? You'll enjoy getting rid of the estate tax. If not? You'll be watching the national debt explode, with the gigantic gift to the 1% of this country of not only a permanent massive tax cut, with the tax cuts for the middle class being temporary, but a further hole blasted in the deficit by tossing the estate tax in the dumpster. This entire farce is a giveaway to trump and the 1%. My brother-in-law (much older than my partner) loves the tax bill. He's worth millions. Heck, he may have more money to leave my significant other. She/we care a hell of a lot more about the country and would rather see his estate, when he goes, taxed like it should be, unlike, with all due respect, knee-jerk trump sycophants like you.
I love watching the liberals melt down. dobro's probably the worst - aside from of course Lubbock Dan. Dobro even resulted to pulling the race card and attacking rich white men! Very lovely, kid. What's interesting is that there are definitely some things in this bill that will hurt me personally - e.g., inability to deduct property taxes over $10k (mine of course are far higher than that), and a cap on the mortgage interest deduction at either $500k or $1m loans (House's version is $500k, Senate's is $1m). My home loan is higher than both those, so I'll be hit there. The relief for American businesses will make up for it, however. This is very positive for the economy, despite the dems' doomsday cries. They did the same act when Trump was elected President, and the Dow Jones is up by ONE THIRD since then. So the democrats don't have a clue.
Increase the debt by 1.5T, increase taxes on some poor and working class, massive shift of wealth to the very top, and eventually cutting services to poor and working class will be nice also. Like Kansas and other supply-side trickle-down failed theory, we know where this is heading. You guys keep living in your bubble and throw out marketing slogan.
Where was your voice when Obama increased the national debt by $8-9 TRILLION? Now all of a sudden the democrats care about the debt! You guys are a special treat.
Financial adviser's thoughts on last nights tax "reform" bill... Forgotten Again http://thereformedbroker.com/2017/12/02/forgotten-again/
Since you love this country so much Deckard, you should rest easy. You will have your chance to help save the country in a decade by sacrificing your Medicare and Social Security Benefits and eliminating them for future generations that are so lazy they expect handouts. We'll all have our chance.
You do realize that by posting this you are clearly illuminating your own current hypocrisy? Or do you no longer think debt is important, or do you no longer worry that people see you as a hypocrite?
I ask again: Which liberal will have a moment of courage and start a grassroots campaign to personally pay more taxes than required? If you don't want a tax cut, then step up and pay more yourself! Who will lead this charge?
The amount an average individual American can contribute will never amount to the losses in tax revenue from corporations having the unfair advantage of constantly whispering into our legislators' ears while waiving stacks of cash.
The Republican tax bill will exacerbate income inequality in America The Republican counter to these arguments would be that a big corporate tax cut would benefit everybody, because businesses would then invest more money in the economy, increasing wages and employment for all of us. But our already-worsening inequality belies this argument. As Emmanuel Saez and Gabriel Zucman, economics professors at the University of California Berkeley, wrote: Republicans will noisily claim that cutting taxes on wealthy business owners will boost economic growth and end up benefitting workers down the income ladder. The idea is that if the government taxes the rich less, the wealthy will save more, grow U.S. capital stock and investment, and make workers more productive. The evolution of growth and inequality over the past three decades makes such a claim ludicrous. Since 1980, taxes paid by the wealthy have fallen dramatically and income at the top of the distribution has boomed, but gains for the rest of the population have been paltry. Average national income per adult has grown by only 1.4 percent per year—a poor performance by both historical and international standards. As a result, the share of national income going to the top 1 percent has doubled from 10 percent to more than 20 percent, while income accrued by the bottom 50 percent has been almost halved, from 20 percent to 12.5 percent. There has been no growth at all in the average pretax income of the bottom half of the population over the past 40 years—during which trickle-down enthusiasts promised just the opposite. Now they’re doing it again. Will we listen? Furman summarized five ways the Republican tax bill could, beyond the obvious, deepen inequality: 1. Raising taxes on students, universities and training would have a disproportionate impact on access to more moderate-income students, reducing their upward mobility. 2. At the same time, estate tax cuts or repeal would further expand the opportunities of the most affluent. 3. Reducing or eliminating the state and local tax deduction would lead many states to cut taxes and with them cut services like education, training and the like that help to boost incomes and reduce inequality. States and localities could also shift more of their tax base to more regressive sales taxes. 4. The larger federal deficit will come at the expense of other government transfers for middle/bottom households and/or programs like education, nutrition assistance and Medicaid that have all demonstrated a tremendous impact on upward mobility. 5. More speculatively, cutting the tax rate on monopoly profits could help reduce competition with further consequences for inequality and growth. https://www.vox.com/policy-and-politics/2017/12/2/16720952/senate-tax-bill-inequality
Specious argument at best... the better argument would how these tax cuts for the wealthy actually help everyone. But unable to that, suggesting those opposing the tax cuts pay even more taxes to help pay for the cuts for the wealthy simply shows the emptiness of your position.
Do you realize that our corporate tax rate is currently far higher than many other countries? It's hurting our global competitiveness. ...and every little bit counts! Where is Bernie leading the movement to pay more than required on taxes? Grassroots campaign to pay more taxes!
So there are no wealthy democrats? What a sorry argument from you! Where is Hollywood's leadership on this? If you don't want a cut, then you don't have to have one!
Again, a fake argument. What is the effective corporate tax rate? When viewing what they actually pay, the true inequality of this tax break for the wealthy is honestly shown. And when you consider that CEOs have indicated they won't use the tax savings to hire more or increase wages (instead, increase shareholder return), he "trickle-down" benefits to most Americans is minimized.
