Repug tax cut

[boutons_deux]

Collins is supporting it now, so this bullshit is going to happen.

yep, and I bet the less horrible stuff in Senate version gets killed in conference so the House version will dominate.

The oligarchy's ROI (in buying Repug whores) is in the 100s, if not higher.

[boutons_deux]

Republican tax plan still on track to trigger $150 billion in cuts—like $25 billion from Medicare (https://www.dailykos.com/stories/2017/12/1/1720109/-Republican-tax-plan-still-on-track-to-trigger-150-billion-in-cuts-like-25-billion-from-Medicare)

The GOP’s $1.5 trillion tax plan would trigger $150 billion in cuts to domestic programs every year for a decade if Congress doesn’t step in, according to the CBO.

That would include $25 billion from the money Medicare pays health care providers.

"You’re likely to have doctors who will see less patients;

you’re likely to have hospitals and other health care facilities cut back on certain services,”

said David Certner, legislative counsel for the AARP, which has loudly opposed cutting Medicare. “It really affects the program.”

https://www.dailykos.com/stories/2017/12/1/1720109/-Republican-tax-plan-still-on-track-to-trigger-150-billion-in-cuts-like-25-billion-from-Medicare?detail=emaildkre1

[ducks]

Make America great

[Spurminator]

"Drain the Swamp"

[RandomGuy]

Collins is supporting it now, so this bullshit is going to happen.

It passed.

No debate, they didn't even read it.

[Quadzilla99]

So let's say Dems win house and Congress in 2020 how much of this can they immediately undo?

[RandomGuy]

Make America great

Tax cuts for the rich.

Trump benefits to the tune of hundreds of millions of dollars.

Cuts to Medicaid.

Exactly all the thing Trump said he wouldn't do.

[RandomGuy]

So let's say Dems win house and Congress in 2020 how much of this can they immediately undo?

With a Democratic president, whatever they want to, which is likely a lot.

Ironically, though it opens the door for more spending. GOP has, essentially, passed a tax increase on the middle class, so the Dems don't have to. They can increase taxes on the wealthy, a very politically easy thing to do, and get something like single payer.

[boutons_deux]

Cuts to Medicaid.

Exactly all the thing Trump said he wouldn't do.

The cuts to Medicaid, Medicare, SS have not really been done, but they are coming. Chained CPI will make retirees and the lower quintiles dependent on SS worse off, Medicare will be terminated, replaced hilariously inadequate vouchers to buy for-profit insurance with much higher copays and deductivles, Medicaid be severely restricted, hospitals and clinics, esp rural, will be closed. People will suffer and die by the Ms.

Trash's base is too fucking stupid to know how badly the oligarchy is and will be impoverishing them, screwing them into disease and death, to make the oligarchy even more wealthy.

So fucking stupid, Trash's base think the tax cut is good for themselves.

Will the Repug tax cut document NOW be made known to Congress and to the public?

[Trill Clinton]

rethuglicans destroying our country with this shit smh.

[boutons_deux]

rethuglicans destroying our country with this shit smh.

they're just mopping up, which will continue with privatization of everything. I have no doubt Interstate Highways will become 100-year-concession toll roads.

a zero sum game, more wealth for the oligarchy means less wealth for the non-oligarchy.

As has been the case over the last fully RIGGED decade, 90%+ of all growth in national wealth will go to the top 5%.

[Quadzilla99]

Tax cuts for the rich.

Trump benefits to the tune of hundreds of millions of dollars.

Cuts to Medicaid.

Exactly all the thing Trump said he wouldn't do.
Lol reasoning with ducks

[ducks]

The Senate bill will now need to be reconciled with the House-passed bill in a conference committee. Differences between the two bills include the number of individual tax brackets and the timing of when the corporate tax cut takes effect.

[ducks]

Business with Corp tax from 35 to 20 needed to bring more business back.

[boutons_deux]

The Republican tax cut scheme is a Trojan horse to throw cancer patients out of treatment (https://www.dailykos.com/stories/2017/12/1/1719985/-F-ck-em-The-Republican-tax-cut-scheme-is-a-Trojan-horse-to-throw-cancer-patients-out-of-treatment)

this bill will blow a $1.5 trillion hole in the deficit, it will also trigger an automatic $25 billion annual cut to Medicare, under a savage austerity scheme known as the "sequester.” And because of the unusual way Medicare covers chemotherapy drugs—which are very expensive—cancer patients are going to be uniquely burdened by these cuts.

It’s also not in any way hypothetical, because it happened once before, back in 2013. This is how the headlines read at the time (https://www.washingtonpost.com/news/wonk/wp/2013/04/03/cancer-clinics-are-turning-away-thousands-of-medicare-patients-blame-the-sequester/):

Cancer clinics are turning away thousands of Medicare patients. Blame the sequester.


These cuts were never reversed, and they’ve had a devastating impact on cancer care (https://www.communityoncology.org/blog/2017/11/16/november-16-medicare-sequester-budget-gimmicks-threaten-community-cancer-care/).

https://www.dailykos.com/stories/2017/12/1/1719985/-F-ck-em-The-Republican-tax-cut-scheme-is-a-Trojan-horse-to-throw-cancer-patients-out-of-treatment?detail=emaildkbn

http://www.cancernetwork.com/practice-policy/how-sequester-cuts-are-harming-oncology

Now, the Repugs are running CMS, HHS, etc, the health care will be cut back even more. aka, voluntary manslaughter, no accountability.

[ducks]

The cuts to Medicaid, Medicare, SS have not really been done, but they are coming. Chained CPI will make retirees and the lower quintiles dependent on SS worse off, Medicare will be terminated, replaced hilariously inadequate vouchers to buy for-profit insurance with much higher copays and deductivles, Medicaid be severely restricted, hospitals and clinics, esp rural, will be closed. People will suffer and die by the Ms.

Trash's base is too fucking stupid to know how badly the oligarchy is and will be impoverishing them, screwing them into disease and death, to make the oligarchy even more wealthy.

So fucking stupid, Trash's base think the tax cut is good for themselves.

Will the Repug tax cut document NOW be made known to Congress and to the public?
Just like Clinton would be president? They are no cuts to those
quite predicating you know nothing.

Liberals want a bad economy so trump will not be re-elected they are the ones that do not care about you

[ducks]

So let's say Dems win house and Congress in 2020 how much of this can they immediately undo?

With a bombing economy not likely

[ducks]

5 lies about bill
http://www.foxnews.com/opinion/2017/11/30/tax-reform-is-on-track-and-democrats-want-to-derail-it-dont-believe-these-myths-about-senate-s-bill.html

[weebo]

5 lies about bill
http://www.foxnews.com/opinion/2017/11/30/tax-reform-is-on-track-and-democrats-want-to-derail-it-dont-believe-these-myths-about-senate-s-bill.html

STFU you stupid moron.

[Pavlov]

Just like Clinton would be president? They are no cuts to those
quite predicating you know nothing.

Liberals want a bad economy so trump will not be re-elected they are the ones that do not care about you
This tax plan pretty much guarantees a bad economy in the future.

[FuzzyLumpkins]

This tax plan pretty much guarantees a bad economy in the future.

Reagan's tax cuts tanked the economy. It got better when they were raised.

And the GOP can no longer talk about fiscal responsibility.

[baseline bum]

All those seniors who voted for Trump pretty much guaranteed themselves a big effective tax hike now with the individual mandate gone. That's going to collapse the ACA and then open back the donut hole in Medicare Part D drug coverage that would be closed by 2020 without Trump sabotaging the ACA.

[baseline bum]

And the GOP can no longer talk about fiscal responsibility.

When could they ever?

[FuzzyLumpkins]

When could they ever?

Gingrich and Gramm circa 1996.

[Trainwreck2100]

this is like net neutrality for me, what idiot regular person is for this how is this not the republicans shooting themselves in the foot?

[baseline bum]

how is this not the republicans shooting themselves in the foot?

If they didn't pass it all the money from their billionaire benefactors would have dried up. Graham admitted as much. It's not shooting themselves in the foot, it's shooting Americans in the face.

[boutons_deux]

republicans shooting themselves in the foot?

how naive.

Politicians don't GAF about "regular people", only about their BigDonor class.

Several Repugs said they had been threatened with no donations by donors if the tax cut failed.

Trash still has 35% approval rating, and among Repug voters, his approval is 75%+,

so the Repug Congress people absolutely know they are immune from loss of support,

no matter what they do,

as will be proven if the Repug supporters ever fucking even understand how the Repugs are foot soldiers for the oligarchy coup d'etat.

[Quadzilla99]

With a bombing economy not likely

You mean booming dumbass and the economy is good now and he still has a historically low approval rating which us unheard of

[Trainwreck2100]

If they didn't pass it all the money from their billionaire benefactors would have dried up. Graham admitted as much. It's not shooting themselves in the foot, it's shooting Americans in the face.

no i get that, but the mental gymnastics involved to defend these assholes by normal people is terrifying

[boutons_deux]

Here are 7 differences Republicans must resolve between their tax bills


1. Obamacare’s individual mandate

2. Tax cuts for individuals

3. The estate tax

4. The child tax credit

5. The mortgage interest deduction

6. Tax brackets

7. When corporate tax cuts kick in


https://www.washingtonpost.com/graphics/2017/business/tax-bill-differences-reconciliation/?undefined=&utm_term=.fa106f65e6b2&wpisrc=nl_most&wpmm=1

[baseline bum]

Here are 7 differences Republicans must resolve between their tax bills


1. Obamacare’s individual mandate

2. Tax cuts for individuals

3. The estate tax

4. The child tax credit

5. The mortgage interest deduction

6. Tax brackets

7. When corporate tax cuts kick in


https://www.washingtonpost.com/graphics/2017/business/tax-bill-differences-reconciliation/?undefined=&utm_term=.fa106f65e6b2&wpisrc=nl_most&wpmm=1



Repealing the mandate likely solves most of the differences. Plus the senate was the hard house to get the individual mandate repeal through.

[boutons_deux]

Here's one big Class Warfare win for the Wealthy Class to avoid sending the kids to public schools for the non-wealthy, as well as financing for Christian Taliban madrasas.

Also, a huge win for Devos and similar slime bags who kill public schools to subsidize for-profit charter schools, for-profit colleges, aka, taxpayer wealth transfer to the wealthy.

Senate Republicans are essentially defunding public schools to pay for private ones

Another big win for the wealthy.

does away with crucial support for public schools while adding a provision beneficial to their private counterparts. That move would help wealthy parents pay for private schools, including religious schools, while hurting lower-income families. A similar provision is in the House version of the tax bill. (https://www.nytimes.com/2017/11/08/your-money/the-private-school-tax-break-in-the-middle-class-tax-bill.html)


Under current law, parents can open 529 plans to help pay for future college costs.

A last-minute provision added to the Senate tax bill allows for 529 plans to be used for K-12 private schools. (Lawmakers initially included but later removed a controversial provision allowing parents to open 529 accounts for fetuses (https://www.wsj.com/livecoverage/tax-bill-2017/card/1509657714).)

“Last night, Ted Cruz (wirh the help of a tiebreaking vote from VP Pence) got the 529s-for-private-schools provision into the Senate tax bill.

As I reported last month, this

could be worth $30,000 in net new tax savings per child to wealthy families,”

Lieber wrote. “The Cruz amendment goes even further than the House 529s-for-private-schools thing did. If the House comes around, you’ll be able to use 529s for tutoring.”

For families able to afford private school, the combination of SALT’s demise and the tax bill’s new private school provision is likely to make the decision to pay for private education far more appealing.

Experts have speculated that

the elimination of SALT could ultimately cost public schools upwards of $17 billion (https://www.cep-dc.org/displayDocument.cfm?DocumentID=353).

That loss will almost inevitably degrade the quality of public schools, something that will hurt families with no other option.

Around 50.7 million U.S. students attend public schools (https://nces.ed.gov/fastfacts/display.asp?id=372) — approximately 90 percent of students in the United States.

https://thinkprogress.org/taxes-schools-public-private-d89e5157d5bf/

taxpayers already subsidize for-profit so-called colleges with $130B / year.

[Capt Bringdown]

And the GOP can no longer talk about fiscal responsibility.

Worse is when both parties talk about fiscal responsibility. The Federal Government is not like a household, it cannot go broke.

[boutons_deux]

So-Called Christians, avarciously power hungry, pushing Christian supremacy to the max.

Here is how the tax package could blur the separation of church and politics

The tax package (http://money.cnn.com/2017/11/16/news/economy/house-tax-bill-vote/index.html) pending in Congress includes a provision that would leave churches and other nonprofits, which by law must be nonpartisan, suddenly free to engage in political speech.

This measure, currently only in the House version (http://www.thenonprofittimes.com/news-articles/senate-tax-bill-keep-johnson-amendment-intact/) of the bill, could potentially change charitable life as we know it.

President Donald Trump vowed as a candidate to repeal the Johnson Amendment to give church leaders the ability to speak about politics (http://thehill.com/homenews/administration/317542-trump-vows-to-destroy-the-johnson-amendment) without penalty. But repealing a law takes an act of Congress and power he lacks.

As a step in that direction, he issued an executive order (https://www.whitehouse.gov/the-press-office/2017/05/04/presidential-executive-order-promoting-free-speech-and-religious-liberty) directing the IRS not to enforce (http://www.politifact.com/truth-o-meter/statements/2017/jul/18/donald-trump/trump-claims-he-got-rid-johnson-amendment-true/) it for religious institutions.

The tax bill’s proposed change would actually repeal the Johnson Amendment, and it would apply to all charitable (https://www.forbes.com/sites/peterjreilly/2017/11/17/will-destruction-of-johnsnon-amendment-destroy-charity/#19330d8a47c2) organizations, including churches and other houses of worship like mosques and synagogues. It came as an unwelcome surprise to most charities, which have been openly rejecting it.

“Charitable nonprofits don’t want to be dragged into the toxic political wasteland,”

political speech by these groups would technically need to meet two requirements (https://waysandmeansforms.house.gov/uploadedfiles/summary_of_chairman_amendment_2.pdf).

First, charities would be able to make political statements in the ordinary course of business – that is, doing whatever it is they do.

For example, a prominent pastor could endorse political candidates during a sermon that’s broadcast or livestreamed.

Second, making such statements must cost no more than an “incremental de minimis amount (https://waysandmeansforms.house.gov/uploadedfiles/summary_of_chairman_amendment_2.pdf)” – regulatory language that basically translates into “not much.”

calls to vote for a particular candidate (https://www.philanthropy.com/article/Opinion-The-House-Tax-Bill/241794) could be printed in flyers as long as those missives were mainly about something else.

And nonprofits could endorse candidates on their websites as long as the details do not dominate that digital space.

Politicking would be allowed on the sidelines and if it does not consume a large share of a group’s budget.

Alliance Defending Freedom (https://www.adflegal.org/detailspages/blog-details/allianceedge/2016/10/31/the-legal-implications-of-the-johnson-amendment), a conservative Christian legal group, argues that the Johnson Amendment unconstitutionally restricts free speech by not allowing nonprofits to speak on big issues that matter to the public.

https://www.rawstory.com/2017/12/how-the-tax-package-could-blur-the-separation-of-church-and-politics/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2017/12/how-the-tax-package-could-blur-the-separation-of-church-and-politics/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)

[rmt]

Worse is when both parties talk about fiscal responsibility. The Federal Government is not like a household, it cannot go broke.

I don't know where to start with this statement. Do you think the Feds can just keep spending money that they don't have - raiding Medicare, SS, etc and there eventually doesn't come a time when we cannot pay the interest on our debt? What happens then? In case some aren't noticing, China is just stomping at the bit to become the world's reserve currency. What will happen to the value of the US dollar then?

[boutons_deux]

Tax bill’s attack on higher education undermines America’s economic vitality

Republicans aim to impose a 1.4 percent tax on investment income (https://theconversation.com/gop-plan-to-tax-college-endowments-like-yales-and-harvards-would-be-neither-fair-nor-effective-86912) at private schools with endowments worth at least US$250,000 per full-time student.

This would affect as many as 70 schools and cost them an estimated $2.5 billion over a decade.

make it more difficult to hold down rising tuition expenses, thus closing off educational opportunities for many students from lower- and middle-income families.

Public universities in states like New York and California can also expect to be hard hit by the bill’s elimination of the federal deduction for state and local taxes.

Since this change will actually add (https://www.vox.com/policy-and-politics/2017/10/30/16557554/the-state-and-local-tax-deduction-explained) to residents’ overall tax bills, state governments are bound to come under voter pressure to offset them with tax cuts closer to home, which in turn will require corresponding expenditure reductions.

House Republicans propose eliminating (https://www.nytimes.com/interactive/2017/11/11/your-money/tax-student-debt.html) a benefit that lets some taxpayers deduct student loan interest. That too will close off opportunities for many poorer students.

The House bill also takes aim at a break that presently makes graduate school more affordable by allowing students to work as research or teaching assistants for tuition waivers that don’t count as taxable income.

Counting these waivers as income would make graduate school unaffordable (https://www.insidehighered.com/news/2017/11/07/grad-students-and-policy-experts-say-taxing-graduate-students-tuition-waivers-would) for tens of thousands of current and would-be students.

All in all, the House bill alone would reduce tax incentives for higher education (http://www.taxpolicycenter.org/taxvox/house-tax-bill-would-simplify-higher-ed-subsidies-price-would-be-higher-costs-many) by an estimated $64 billion over 10 years.

the provisions targeting higher education will have adverse economic effects that will be both substantial and long-lasting.

https://www.rawstory.com/2017/12/tax-bills-attack-on-higher-education-undermines-americas-economic-vitality/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

[baseline bum]

I don't know where to start with this statement. Do you think the Feds can just keep spending money that they don't have - raiding Medicare, SS, etc and there eventually doesn't come a time when we cannot pay the interest on our debt? What happens then? In case some aren't noticing, China is just stomping at the bit to become the world's reserve currency. What will happen to the value of the US dollar then?

Shouldn't you be shitting on this bill that costs the government $2 trillion then?

[Th'Pusher]

Shouldn't you be shitting on this bill that costs the government $2 trillion then?

She should, but she won’t. She is a blind supporter of Donald.

[boutons_deux]

GOP Tax Plan Pulls the Plug on Renewable Energy

Both versions of the GOP tax plan could deal a devastating blow to solar and wind production.

impose steep taxes on the companies that help finance renewable development. Leaders in the wind and solar sector warn that such hikes would undercut the industry’s most important financing tools.

“Almost overnight, you would see a devastating reduction in wind and solar energy investment and development,”

House bill, released in early November, proposed cutting the Production Tax Credit (PTC) for renewables by a third, eliminating the Investment Tax Credit for solar production, and repealing the electric vehicle purchase credit.

Both GOP tax bills follow the familiar pattern

propping up the fossil fuel industry while sowing deep uncertainty about the future of renewables.

At a time when solar and wind development has never been more critical—or more profitable—President Trump and his congressional allies are pushing a tax regime that would compromise America’s ability to fight the global climate crisis.

http://prospect.org/article/gop-tax-plan-pulls-plug-renewable-energy

[rmt]

Shouldn't you be shitting on this bill that costs the government $2 trillion then?

If you think I believe any estimate by CBO? after their butchering of estimates with Obamacare, think again - I wouldn't trust them as far as I could throw them. And I didn't hear you liberals complain when Obama did his shovel-ready stimulus (our area used the $ for flowers that are now dead). At least, this might have a chance of working.

I have already posted the math for a young, single filer (which most who read this board probably are) who earns the US median income and it does show a significant tax cut (19% iirc with this plan vs current) but people continue to spread falsehoods about how taxes for middle class Americans will go up. Of course, if one lives in a high tax state like NY or CA, it might with the SALT provision but high state taxes is not the fault of the Feds.

I have already stated my opinion on tax cuts - that I'm for the business tax cuts and repatriation and not for the personal.

Imo, the first thing that needs to go in government is the automatic INCREASES in spending every year - it's ridiculous - why should government grow at x%. Cut back on spending, put work requirements on any welfare received by able-bodied adults, stop subsidizing other countries (I laugh when I hear "Europe steps in to cover US shortfall in funding climate science") militarily or otherwise and allow in immigrants who will contribute economically.

But Canada’s hospitable attitude is not innate; it is, rather, the product of very hardheaded government policies. Ever since the mid-1960s, the majority of immigrants to the country (about 65 percent in 2015) have been admitted on purely economic grounds, having been evaluated under a nine-point rubric that ignores their race, religion and ethnicity and instead looks at their age, education, job skills, language ability and other attributes that define their potential contribution to the national work force.

No wonder this approach appeals to President Trump. He’s right to complain that America’s system makes no sense. The majority (about two-thirds in 2015) of immigrants to the United States are admitted under a program known as family reunification — in other words, their fate depends on whether they already have relatives in the country. Family reunification sounds nice on an emotional level (who doesn’t want to unite families?). But it’s a lousy basis for government policy, since it lets dumb luck — that is, whether some relative of yours had the good fortune to get here before you — shape the immigrant population.

For example, about half of all Canadian immigrants arrive with a college degree, while the figure in the United States is just 27 percent. Immigrant children in Canadian schools read at the same level as the native born, while the gap is huge in the United States. Canadian immigrants are almost 20 percent more likely to own their own homes and 7 percent less likely to live in poverty than their American equivalents.

https://www.nytimes.com/2017/06/28/opinion/canada-immigration-policy-trump.html

[AaronY]

Financial responsibility lectures still even lmao

[baseline bum]

If you think I believe any estimate by CBO? after their butchering of estimates with Obamacare, think again - I wouldn't trust them as far as I could throw them. And I didn't hear you liberals complain when Obama did his shovel-ready stimulus (our area used the $ for flowers that are now dead). At least, this might have a chance of working.


:rollin What a stupid cunt

[baseline bum]

Financial responsibility lectures still even lmao

With some more immigration whining added in :lol

[baseline bum]

:cry We can't afford healthcare for our people :cry
:lol Lets instead throw money away to give corporations a big windfall for stock buybacks :lol

[Pavlov]

We're gonna have to increase immigration to replace all the people who are going to die.

[rmt]

We're gonna have to increase immigration to replace all the people who are going to die.

Is that a joke or sarcasm? Who is going to die? Because of this tax cut? Uhh?

[ducks]

We're gonna have to increase immigration to replace all the people who are going to die.

The illegal killed Kate and the illegal replaced Kate except she obeyed laws and paid taxes

[Pavlov]

Is that a joke or sarcasm? Who is going to die? Because of this tax cut? Uhh?People are already dying at a rate that necessitates immigration. The tax and heath care changes will raise that rate.

But life is sacred.

[rmt]

People are already dying at a rate that necessitates immigration. The tax and heath care changes will raise that rate.

But life is sacred.

And why should the US not do a merit-based system like Canada - why not allow people who will contribute economically to our country - who have college degrees, who speak our language (like English/French for Canada)?

People were not dying in the streets from lack of health care before Obamacare. And please explain how this tax change will raise the death rate.

[Quadzilla99]

And why should the US not do a merit-based system like Canada - why not allow people who will contribute economically to our country - who have college degrees, who speak our language (like English/French for Canada)?

People were not dying in the streets from lack of health care before Obamacare. And please explain how this tax change will raise the death rate.

He's talking about how American born citizens especially millennials are having less than replacement levels of kids I would think. So you need immigration to prevent declining population numbers which is bad for the economy

[Quadzilla99]

https://www.google.com/search?num=100&client=tablet-unknown&q=americans+having+less+kids&spell=1&sa=X&ved=0ahUKEwiuvNDv-e3XAhUERyYKHWAADDcQvwUIISgA&biw=800&bih=1280

This is especially bad for all these Boomer Republicans who have a bubble on the population distribution curve and who need as many citizens as possible to pay in first their social security and Medicare which Trump promised a thousand times during his campaign not to cut

[Quadzilla99]

Numbers just going to keep going up and these people refuse to take ss and Medicare cuts. So if young people having and the workforce population is going down.. http://www.newgeography.com/files/imagecache/Chart_fullnodeview/chartimages/65andolder.png
Also just forgetting even the Social Security and Medicare part of it it's good to have a growing Workforce duh

[rmt]

He's talking about how American born citizens especially millennials are having less than replacement levels of kids I would think. So you need immigration to prevent declining population numbers which is bad for the economy

The issue is not replacing the population - it's WHO we replace them with. Why should immigration be based on family ties (I'm not talking about immediate family - your spouse or own kids but all the other relatives)? Why not on a merit-based system to get immigrants who are a plus to our society, who don't need to be taught English, who have education and skills we need - who aren't a drain on our society. How about thinking about what's good for this country instead of allowing in every Tom, Dick and Harry- regardless of whether they will benefit us? That's what Canada and I think Australia do (please notice how Australia protects their country - refusing to take those refugees and palming them off on Obama and the US).

[Splits]

https://pbs.twimg.com/media/DQFxot5VAAAJx4K.jpg

[Pavlov]

The issue is not replacing the population - it's WHO we replace them with. Why should immigration be based on family ties (I'm not talking about immediate family - your spouse or own kids but all the other relatives)? Why not on a merit-based system to get immigrants who are a plus to our society, who don't need to be taught English, who have education and skills we need - who aren't a drain on our society. How about thinking about what's good for this country instead of allowing in every Tom, Dick and Harry- regardless of whether they will benefit us? That's what Canada and I think Australia do (please notice how Australia protects their country - refusing to take those refugees and palming them off on Obama and the US).Oh, well to proportionately match the Syrian refugees that Canada took in, we'd have to take in over 400,000.

160,000 to match protective Australia (they didn't separate Iraqi and Syrian refugees in the sources I found)

Ready to do that?

[Splits]

https://i.imgur.com/wOvrhE8.png

[Quadzilla99]

The issue is not replacing the population - it's WHO we replace them with. Why should immigration be based on family ties (I'm not talking about immediate family - your spouse or own kids but all the other relatives)? Why not on a merit-based system to get immigrants who are a plus to our society, who don't need to be taught English, who have education and skills we need - who aren't a drain on our society. How about thinking about what's good for this country instead of allowing in every Tom, Dick and Harry- regardless of whether they will benefit us? That's what Canada and I think Australia do (please notice how Australia protects their country - refusing to take those refugees and palming them off on Obama and the US).
Trump wants to drastically cut all kinds of immigration though and he's said this a trillion times

[rmt]

Trump wants to drastically cut all kinds of immigration though and he's said this a trillion times

I would limit family migration to immediate family, cut all immigration from questionable terrorist/ISIS countries and vastly increase immigration based on a merit-based system - that is what he probably wants too.

[Quadzilla99]

I would limit family migration to immediate family, cut all immigration from questionable terrorist/ISIS countries and vastly increase immigration based on a merit-based system - that is what he probably wants too.

No he wants to cut it in half: https://www.washingtonpost.com/news/wonk/wp/2017/08/02/its-a-grave-mistake-for-trump-to-cut-legal-immigration-in-half/?utm_term=.a4fc58903c1c

most economists think it's horrible idea.

[boutons_deux]

In the GOP tax bill, only the rich can afford grad school

Thus begs the question, how would the congressmen with degrees have fared if they lost their tuition waivers?

, it would also dramatically increase the tax burden for graduate student workers by counting their tuition waivers—which they receive in exchange for their labor as teaching and research assistants—as taxable income.

eliminating student loan interest rate deductions and the Lifetime Learning Credit, the House bill effectively makes graduate school financially out of reach for all but the wealthy.

https://www.salon.com/2017/12/03/in-the-gop-tax-bill-only-the-rich-can-afford-grad-school_partner/

Repugs and conservatives have always been anti-intellectual, anti-education that doesn't propagandize for their bullshit "philosophy"

[monosylab1k]

https://pbs.twimg.com/media/DQFxot5VAAAJx4K.jpg

:lmao

[boutons_deux]

http://www.nationalmemo.com/wp-content/uploads/2017/12/danzcolorplus8631-668x501.jpg

[DMC]

The issue is not replacing the population - it's WHO we replace them with. Why should immigration be based on family ties (I'm not talking about immediate family - your spouse or own kids but all the other relatives)? Why not on a merit-based system to get immigrants who are a plus to our society, who don't need to be taught English, who have education and skills we need - who aren't a drain on our society. How about thinking about what's good for this country instead of allowing in every Tom, Dick and Harry- regardless of whether they will benefit us? That's what Canada and I think Australia do (please notice how Australia protects their country - refusing to take those refugees and palming them off on Obama and the US).

Bring me your wealthy, your English speakers, your fortunate of 1st world countries...

Different Liberty

[DMC]

https://i.imgur.com/wOvrhE8.png
fucking Poland...

[baseline bum]

https://pbs.twimg.com/media/DQFxot5VAAAJx4K.jpg

:rollin

[DarrinS]

fucking Poland...


In Japan, 6 total. :lol

Japan First

[boutons_deux]

goddam, FUCK IOWA and all its racist Repugs and the assholes they elect

Grassley: Tax Bill Favors ‘Savers,’ Not Those Spending On ‘Booze Or Women’

Sen. Chuck Grassley (R-IA) defended his support for the Republican tax bill in an interview published Saturday by arguing that

the legislation favors those who invest their money

over those who spend their money on things like “booze” and “women.”

“I think not having the estate tax recognizes the people that are investing,” he told the Des Moines Register,

“as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”

http://talkingpointsmemo.com/livewire/grassley-tax-bill-savers-over-spenders?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20tpm-news%20%28TPMNews%29

[rmt]

Bring me your wealthy, your English speakers, your fortunate of 1st world countries...

Different Liberty

More likely, a lot of Indians and Chinese - like Canada:

In 2016, the target for the economic class – the category most used by Indian immigrants – was at 160,600. This has now been upped to 172,500. The family reunification class has been increased by 4,000 to 84,000.

In his statement introducing the immigration plan, McCallum said, “In 2017, economic immigration programs will see an overall increase of 7% over 2016. Immigrants with skills and experience are able to quickly contribute to the Canadian economy and society, improving life for the middle class as they help create jobs, spur innovation and strengthen communities.”

http://www.hindustantimes.com/world-news/canada-s-2017-immigration-plan-to-benefit-indians/story-VblWySKIH1vwFoBAGfR9KO.html

[boutons_deux]

Republicans Sought to Undercut an Unfavorable Analysis of the Tax Plan

A Republican requirement that Congress consider the full cost of major legislation threatened to derail the party’s $1.5 trillion tax rewrite last week.

So lawmakers went on the offensive to discredit the agency performing the analysis.

In 2015, Republicans changed the budget rules in Congress so that official scorekeepers would be required to analyze the potential economic impact of major legislation when determining how it would affect federal revenues.

But on Thursday, hours before they were set to vote on the largest tax cut Congress has considered in years,

Senate Republicans opened an assault on that scorekeeper, the Joint Committee on Taxation, and its analysis (https://www.jct.gov/publications.html?func=startdown&id=5045),

which showed the Senate plan would not, as lawmakers contended, pay for itself but would add $1 trillion to the federal budget deficit.

Public statements and messaging documents obtained by The New York Times show a concerted push by Republican lawmakers to discredit a nonpartisan agency they had long praised.

Party leaders circulated two pages of “response points” that declared “the substance, timing and growth assumptions of J.C.T.’s ‘dynamic’ score are suspect.”

Among their arguments was that

the joint committee was using “consistently wrong” growth models

to assess the effect the tax cuts would have on hiring, wages and investment.

https://www.nytimes.com/2017/12/04/us/politics/republicans-joint-committee-on-taxation-estimate.html?partner=rss&emc=rss&mtrref=undefined

After the Repugs' 2001 enormous tax cut (for the wealthy of course), job creation through 2008 was the lowest of any 8 year period since WWII.

Same with the Repugs' "tax holiday" of repatriation of $200b+ at 5%. BigPharma got their $Bs and then laid off 40K people.

[Spurminator]

937856781124079616

Guess we'll see how important those concessions were to Flake and Collins when the bill comes back to the Senate.

[boutons_deux]

Even McConnell is breaking the promises he made to con Senators into voting for screwing America
(https://www.dailykos.com/stories/2017/12/4/1721085/-Surprise-McConnell-just-broke-all-those-promises-Susan-Collins-got-in-exchange-for-her-tax-vote)
Surprise! McConnell just broke all those promises Susan Collins got in exchange for her tax vote (https://www.dailykos.com/stories/2017/12/4/1721085/-Surprise-McConnell-just-broke-all-those-promises-Susan-Collins-got-in-exchange-for-her-tax-vote)

Topher Spiro (https://twitter.com/TopherSpiro)
(https://twitter.com/TopherSpiro)✔@TopherSpiro (https://twitter.com/TopherSpiro)


BREAKING:

The 3 big promises @SenatorCollins (https://twitter.com/SenatorCollins) got will NOT be done before the final vote on the tax bill.

The bill to keep the govt open does NOT include

Alexander-Murray,

reinsurance, or

waiver of Medicare cuts.

#mepolitics (https://twitter.com/hashtag/mepolitics?src=hash)

https://rules.house.gov/sites/republicans.rules.house.gov/files/BILLS-115HJResPIH-CRFY18.pdf … (https://t.co/VWzkz7vAbq)

1:32 PM - Dec 4, 2017 (https://twitter.com/TopherSpiro/status/937766505542021120)

https://www.dailykos.com/stories/1721085

[Trainwreck2100]

And why should the US not do a merit-based system like Canada - why not allow people who will contribute economically to our country - who have college degrees, who speak our language (like English/French for Canada)?

People were not dying in the streets from lack of health care before Obamacare. And please explain how this tax change will raise the death rate.

Smart people wont want to be paid pennies on the dollar

[boutons_deux]

California Today: The Tax Bill’s ‘Spiraling Consequences’

economists and tax specialists on the West Coast are adding up the ways that the changes could hurt California.

Among the most publicized is the capping of the mortgage interest deduction, which could make buying a home in California even less affordable than it is now.

The abolishing of deductions for state and local taxes, which could sharply raise Californians’ tax bill, is another.

“I’ve never seen anything like this,” said Gonzalo Freixes, a tax expert at the U.C.L.A. Anderson School of Management.

“It could have spiraling consequences — the economy, the real estate market, revenues to local governments — it goes further and further into things where it could have a negative impact.”

The House bill called for the elimination of the tax credit for electric vehicles, a potentially big blow for Tesla, which has large manufacturing facilities in California.

Under the Senate bill, single filers earning $160,000 to around $200,000, of whom there are many in coastal California, would see their top marginal tax rate increase to 32 percent from 28 percent.

Research universities like Stanford, Berkeley, U.C.L.A. and Caltech would likely be hit by the repeal of deductions for graduate students and a new tax on endowment income.

Executives wanting to pursue a midcareer M.B.A. might reconsider; the House bill removes deductions for professional education courses.

https://www.nytimes.com/2017/12/05/us/california-today-the-tax-bills-spiraling-consequences.html?partner=rss&emc=rss

[boutons_deux]

Student Loan Debt Is Now As Big as the U.S. Junk Market

U.S. student loan debt now equals the size of the $1.3 trillion U.S. high-yield corporate bond market, presenting investors with a whole different range of risks.

“Delinquency rates on student loans are much higher than those on auto loans or mortgages,

due to loose student loan underwriting standards,

the unsecured nature of student debt, and

the inability to charge off non-performing student loans in bankruptcy,”

Goldman Sachs Group Inc. analysts Marty Young and Lotfi Karoui wrote in a note Tuesday.

“The substantial majority of student loan default risk is borne by the U.S. Treasury.”

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i.uhYY0SLHkw/v2/1000x-1.png

https://www.bloomberg.com/news/articles/2017-12-05/student-loans-raise-other-risks-as-debt-equals-u-s-junk-market



Assuming an avg student loan interest rate of 6%, $1.3T x 0.06 = $78B interest ...

... that the Repug tax cut will now deny as deductible from gross income. iow, that's a HUGE raise in taxes

[RandomGuy]

Lol reasoning with ducks

Not really possible.

Fun to rub his nose in the poop his favorite puppy left on the floor though.

[boutons_deux]

New US tax bills would save Apple $47BEEELLION in overseas tax

A percentage reduction AND no future tax on foreign profits?

Essentially this means if the firm decided to bring all its assets back home after the proposed cuts came into force, Apple would pay less than half the tax it is currently liable for.

As well as enjoying this drastically cut rate, future overseas profit wouldn't be taxed again in the US, meaning the fruity biz would gain further benefits should the US Senate and House bills pass in their current form.

https://www.theregister.co.uk/2017/12/06/new_us_tax_bills_would_give_apple_joy_overseas/

[boutons_deux]

‘I Would Have to Drop Out’: 200 Texas Grad Students Walk Out to Protest GOP Tax Bill

would count their tuition waivers as taxable income — a move that many said would push them off an already precarious financial cliff and force them to drop out.

“The university would collapse without our labor,”

“We grade papers, we work as teaching assistants, we work as tutors, all in addition to our coursework and research.”

Bloom said he makes about $18,000 a year from teaching, researching and running social media for his department.

https://www.texasobserver.org/drop-200-texas-grad-students-walk-protest-gop-tax-bill/

[pgardn]

More likely, a lot of Indians and Chinese - like Canada:

In 2016, the target for the economic class – the category most used by Indian immigrants – was at 160,600. This has now been upped to 172,500. The family reunification class has been increased by 4,000 to 84,000.

In his statement introducing the immigration plan, McCallum said, “In 2017, economic immigration programs will see an overall increase of 7% over 2016. Immigrants with skills and experience are able to quickly contribute to the Canadian economy and society, improving life for the middle class as they help create jobs, spur innovation and strengthen communities.”

http://www.hindustantimes.com/world-news/canada-s-2017-immigration-plan-to-benefit-indians/story-VblWySKIH1vwFoBAGfR9KO.html

So now us white guys are gonna have to deal with rising Hispanic and black populations, but also smart Chinamen who don't wanna build railroads, and those different black people with dots on the forehead? Sister, this is not who founded this country. This is a country of my type, not some airy fairy ideas.

I need to find me an injun to kick into a camp, again. And get yourself back to cookin or I'll invite Roy Moore over.

- Unknown (but we all know them)

[boutons_deux]

Amazing, somebody in fucking Kansas and/or Missouri has a tiny clue

Tax cuts are only the start. Social Security and Medicare could be next on the chopping block

As frustrating as that reality is, the worst may be yet to come. Cuts to Social Security, Medicare and Medicaid are likely to be next on the agenda.

That seems to be the clear message from congressional leadership. The tax cuts aren’t even law yet, and Republicans are already taking dead aim at safety nets for the elderly and the poor.

“The driver of our debt is the structure of Social Security and Medicare for future beneficiaries,” Sen. Marco Rubio of Florida said recently. (http://www.newsweek.com/tax-plan-social-security-medicare-welfare-republicans-rubio-729133)

Actually, the driver of our debt is reckless and unnecessary tax reductions for the very richest Americans. The Senate bill — endorsed by Sens. Roy Blunt, Pat Roberts and Jerry Moran —illustrates that point explicitly by permanently slashing income taxes for corporations and their shareholders.

Social Security and Medicare, two quintessential middle-class safety net programs, are next.

Wealthy Americans have fought against both since they became law (https://www.huffingtonpost.com/peter-dreier/post_9910_b_7988992.html).

Their allies now hold most of the seats in Congress.

http://www.kansascity.com/opinion/editorials/article188031329.html

[boutons_deux]

After Tax Cuts, GOP Leaders Turn Buzz Saw to Medicare, Social Security

“Many, including Speaker Ryan, realize that this is a challenge that has to be addressed sooner rather than later,” Jason Pye, Vice President of Legislative Affairs at FreedomWorks told The Daily Beast.

“Cuts to discretionary spending are always welcome, but this represents around 25 percent of outlays over the next ten years.

Mandatory spending, including entitlements and earned entitlements, is around 65 percent of outlays."

“Medicaid, welfare and food stamps,” could be targets of block-granting or conservative-minded reform, famed anti-tax advocate Grover Norquist told The Daily Beast.

Ryan has not spoke of entitlement reform in political terms. Instead, he’s talked about the need to pursue it as a means of exhibiting fiscal conservatism. "We're going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit," Ryan said (https://www.washingtonpost.com/news/wonk/wp/2017/12/01/gop-eyes-post-tax-cut-changes-to-welfare-medicare-and-social-security/?utm_term=.0aedd1454043) during a radio appearance. The Speaker has also stated that he has begun to convince the president of the necessity of going down this route.

https://www.thedailybeast.com/after-tax-cuts-gop-leaders-turn-buzz-saw-to-medicare-social-security

To Repug assholes like Ryan, rmt, etc, the govt spending is exclusively an accounting, financial, numbers problem.

Americans who depend on govt spending simply aren't a consideration

[boutons_deux]

Poll: People hate the Republican tax plan, but Republican voters are still buying one big lie (https://www.dailykos.com/stories/2017/12/7/1722071/-Poll-People-hate-the-Republican-tax-plan-but-Republican-voters-are-still-buying-one-big-lie)

where Republicans sharply depart from other respondents, and reality, in their view of the tax plan is in how they anticipate it affecting the economy:

Republican optimism about the plan's effect on the economy (https://www.cbsnews.com/news/senate-tax-plan-will-not-pay-for-itself-says-new-jct-report/) may be because Republicans agree with the idea that large corporations will use the money they save from tax cuts to create jobs. :lol

Six in 10 Republicans think this will happen.

Just over a quarter of Americans overall agree.


These Republicans might want to check in with all the corporations that have said they won't be using the windfall to create jobs (https://www.dailykos.com/stories/2017/11/29/1719495/-Corporations-agree-Tax-savings-will-NOT-go-toward-hiring-new-workers-or-raising-wages),

and instead will be directing it to stock buybacks.

But rank-and-file Republicans probably need something to hold onto to keep believing in their party,

and buying into the idea that they’ll get direct benefits from this tax bill may be too much even for many of the party faithful—

in fact, only a third of Republicans believe their own taxes will go down.
https://www.dailykos.com/stories/2017/12/7/1722071/-Poll-People-hate-the-Republican-tax-plan-but-Republican-voters-are-still-buying-one-big-lie?detail=emaildkre

And the definitely believe Trash can't release his taxes because IRS is auditing.

[boutons_deux]

Trump and GOP Tax Cut Is Handing Corporations Like Ford a Giant Incentive to Move Offshore

Giant corporations got what they wanted out of Republicans on taxes, now they’re lobbying the Trump administration hard to retain their NAFTA privileges.

Ford and other giant corporations got what they wanted out of Republicans on taxes, dramatically lower levies on domestic profits and total elimination on foreign profits. That makes Mexico an even more attractive manufacturing site for them than NAFTA did.

NAFTA has cost Americans nearly a million jobs (https://www.epi.org/blog/fast-track-to-lost-jobs-and-lower-wages/) as thousands of factories (https://www.industryweek.com/who-is-killing-manufacturing) migrated to Mexico.

This exodus of American manufacturing to Mexico has continued apace this year, even as the Trump administration began renegotiating NAFTA, probably because corporations assume they’ll get everything they want in the end.

Bloomberg reported in October, for example, that firms whose function it is to help corporations move factories from the United States to Mexico had a boom year in 2017 (https://www.post-gazette.com/business/pittsburgh-company-news/2017/10/24/Analysis-NAFTA-or-no-NAFTA-the-12-43-an-hour-pay-gap-is-irresistible-as-American-companies-set-up-production-in-Mexico/stories/201710240246), with one reporting it had done more offshoring this year than in any during the previous three decades.

https://www.alternet.org/labor/trump-and-gop-tax-cut-handing-corporations-ford-giant-incentive-move-offshore

[boutons_deux]

Treasury Department admits Senate tax plan won’t pay for itself

A “dynamic” score that just assumes growth.

Instead of a dynamic analysis showing that the tax plan would boost annual economic growth by the 0.7 percentage points they need,

they have an analysis claiming that if you passed that tax plan and did a bunch of other stuff you will get the growth (emphasis added):

[Office of Tax Policy] compared this 2.9% GDP growth scenario to a baseline of previous projections of 2.2% GDP growth.

Treasury expects approximately half of this 0.7% increase in growth to come from changes to corporate taxation.

We expect the other half to come from changes to pass-through taxation and individual tax reform, as well as from a combination of regulatory reform, infrastructure development, and welfare reform as proposed in the Administration’s Fiscal Year 2018 budget.


Two points on this.

One is that the budget proposal in question involved draconian spending cuts on a huge range of programs (https://www.vox.com/policy-and-politics/2017/3/16/14943748/trump-budget-outline-moral) — everything from the Appalachian Regional Commission to Meals on Wheels to nutritional assistance for low-income pregnant women gets the axe. So if you want to “dynamically” score the growth benefits of this kind of thing, you also ought to dynamically update the distributional accounts.

Treasury is basically saying that if you pay for a corporate tax cut by taking money away from the needy, your GDP will grow.

At some margin, that’s probably true. The economic benefits of having pregnant women able to eat healthy food are not going to show up within a 10-year scoring window.

Providing meals to home-bound sick, elderly, and disabled people probably doesn’t generate any economic growth at all.

Your mileage may vary as to whether this is the right way to think about policy.

The second point is that even House Republicans

pronounced Trump’s budget proposal (https://www.bloomberg.com/news/articles/2017-07-18/house-gop-budget-ignores-trump-budget-cuts-to-domestic-agencies) dead on arrival when he released it. :lol

The budget resolution congressional Republicans passed looks totally different from Trump’s proposal, and the negotiations over appropriations

bills do not envision Trump’s proposals being enacted. :lol
The administration’s analysis claims, basically, that

the tax cuts would pay for themselves if and only if they are paired with a bunch of other ideas congress already rejected.

https://www.vox.com/2017/12/11/16761716/treasury-dynamic-analysis-tax

[boutons_deux]

"There is almost no popular support for the GOP tax plan (http://nymag.com/daily/intelligencer/2017/11/gop-has-written-the-least-popular-tax-bill-in-recent-history.html):

...one would expect the Trump tax cut bill to be quite popular. And yet, it is actually the most widely-reviled piece of tax legislation in modern American history.

As FiveThirtyEight’s Harry Enten notes,

Americans currently view the GOP plan more negatively (https://fivethirtyeight.com/features/the-gop-tax-cuts-are-even-more-unpopular-than-past-tax-hikes/) than they did the tax hikes passed under Bill Clinton and George H.W. Bush." :lol

https://www.dailykos.com/stories/2017/12/12/1723759/-Now-that-Jones-has-won-watch-what-happens-with-the-tax-bill?detail=emaildksc

Repugs don't care about, ignore "popular" support because they only care about their oligarchy paymasters.

[boutons_deux]

https://img.wonkette.com/wp-content/uploads/2017/12/Untitled-2.jpg

[boutons_deux]

just grandstanding self-promotion, he'll cave, they always do

Marco Rubio: ‘I’m A No’ On Tax Bill Unless Child Tax Credit Expanded
http://talkingpointsmemo.com/dc/marco-rubio-im-a-no-on-tax-bill-unless-child-tax-credit-expanded?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20tpm-news%20%28TPMNews%29

McConnell will refuse to seat Jones, blocking his Dem vote.

[daslicer]

just grandstanding self-promotion, he'll cave, they always do

Marco Rubio: ‘I’m A No’ On Tax Bill Unless Child Tax Credit Expanded
http://talkingpointsmemo.com/dc/marco-rubio-im-a-no-on-tax-bill-unless-child-tax-credit-expanded?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20tpm-news%20%28TPMNews%29

McConnell will refuse to seat Jones, blocking his Dem vote.






I view it as theater. It will be dramatic and at then at the last minute Rubio will vote for this POS bill.

[spurraider21]

as long as the bill fucks grad students by treating tuition grants as taxable income, im getting screwed.

[dabom]

as long as the bill fucks grad students by treating tuition grants as taxable income, im getting screwed.

Pussy lib. :cry :cry

[boutons_deux]

as long as the bill fucks grad students by treating tuition grants as taxable income, im getting screwed.

that's one really nasty item being discussed

however, I haven't seen any mention of allowing student loan interest to continue to be deducted from gross.

[spurraider21]

that's one really nasty item being discussed

however, I haven't seen any mention of allowing student loan interest to continue to be deducted from gross.
while that affects me too, less important at the moment. the wife has yet to start med school, so its the tuition grant that's will hurt our wallets more

[rmt]

that's one really nasty item being discussed

however, I haven't seen any mention of allowing student loan interest to continue to be deducted from gross.

These deductions will remain untouched (they were all repealed in the House bill, left alone in the Senate bill). Of note, repeal of these deductions were some of the most controversial elements of the House plan. None will be repealed in the final version.
Medical expense deduction
Tax-free graduate school tuition waivers
Private activity bonds
Student loan interest deduction
Teacher spending deduction

http://www.cnn.com/2017/12/13/politics/republican-tax-plan-deal/index.html

[spurraider21]

These deductions will remain untouched (they were all repealed in the House bill, left alone in the Senate bill). Of note, repeal of these deductions were some of the most controversial elements of the House plan. None will be repealed in the final version.
Medical expense deduction
Tax-free graduate school tuition waivers
Private activity bonds
Student loan interest deduction
Teacher spending deduction

http://www.cnn.com/2017/12/13/politics/republican-tax-plan-deal/index.html
awesome :tu

haven't had a chance to read up on that stuff today. good find. its certainly a silver lining in a bill i'm still not ultimately a fan of

[boutons_deux]

These deductions will remain untouched (they were all repealed in the House bill, left alone in the Senate bill). Of note, repeal of these deductions were some of the most controversial elements of the House plan. None will be repealed in the final version.
Medical expense deduction
Tax-free graduate school tuition waivers
Private activity bonds
Student loan interest deduction
Teacher spending deduction

http://www.cnn.com/2017/12/13/politics/republican-tax-plan-deal/index.html

... but that these were even proposed in all seriousness, even as bargaining chips, proves yet again how fucking corrupt, sadistic, prostituted the Repugs are.

[rmt]

... but that these were even proposed in all seriousness, even as bargaining chips, proves yet again how fucking corrupt, sadistic, prostituted the Repugs are.

You guys rail and over-react while the tax plan is in flux. Just wait until it's final - it seems pretty close to that now.

https://www.usnews.com/opinion/economic-intelligence/articles/2017-12-15/the-gop-tax-cut-bill-is-not-armageddon

[Reck]

You guys rail and over-react while the tax plan is in flux. Just wait until it's final - it seems pretty close to that now.

https://www.usnews.com/opinion/economic-intelligence/articles/2017-12-15/the-gop-tax-cut-bill-is-not-armageddon

Do you own a big company? Is this why you're for this tax?

[rmt]

Do you own a big company? Is this why you're for this tax?

Little ole me? Own a big company? Surely you jest. I have already said that I don't support the individual tax cuts. I want the repatriation and bringing the US tax rate more in line with the other countries so that the companies don't flee to Ireland and Canada. At this point what I'm most concerned about is my kids' futures - that they have opportunity. For that to happen, the companies have to stay here.

[rmt]

Medical Expense deduction - threshold LOWERED (not cut) from 10% to 7.5%.

[Th'Pusher]

Little ole me? Own a big company? Surely you jest. I have already said that I don't support the individual tax cuts. I want the repatriation and bringing the US tax rate more in line with the other countries so that the companies don't flee to Ireland and Canada. At this point what I'm most concerned about is my kids' futures - that they have opportunity. For that to happen, the companies have to stay here.

Your kids will be paying for this POS Trump is ramming through Congress for the rest of their lives. And the proposed corporate tax rate is now 21%, still 70% higher than Ireland’s 12%. Is that going to be enough? Maybe we should go all in on the race to the bottom and go for even lower corporate tax rates like they did in Kansas. That Petri dish seems to be thriving with growth.

[rmt]

Your kids will be paying for this POS Trump is ramming through Congress for the rest of their lives. And the proposed corporate tax rate is now 21%, still 70% higher than Ireland’s 12%. Is that going to be enough? Maybe we should go all in on the race to the bottom and go for even lower corporate tax rates like they did in Kansas. That Petri dish seems to be thriving with growth.

Do you mean as opposed to the over $9.3 trillion that Obama ran up with his shovel-ready jobs, etc.? My favorite being Cash for Clunkers - what a (to borrow a phrase from bou - g*****n stupid waste of good, used parts - I don't know who came up with that BRIGHT idea.

So what if it's 21% - that's a darn sight better than 38.9% it is now. I, unlike some, am content with incremental change in the right direction. Maybe companies will be willing to forego 8.5% for being in the US but 26.4% more is too steep. Why does it seem like it's all or nothing on the other side?

https://files.taxfoundation.org/legacy/docs/TaxFoundation-FF525.pdf

[DarrinS]

I haven’t read up enough on this to see how it affects me personally , but, from what I’ve heard, billionaires will pay almost no taxes and poor people will starve to death.

[Th'Pusher]

Do you mean as opposed to the over $9.3 trillion that Obama ran up with his shovel-ready jobs, etc.? My favorite being Cash for Clunkers - what a (to borrow a phrase from bou - g*****n stupid waste of good, used parts - I don't know who came up with that BRIGHT idea.

So what if it's 21% - that's a darn sight better than 38.9% it is now. I, unlike some, am content with incremental change in the right direction. Maybe companies will be willing to forego 8.5% for being in the US but 26.4% more is too steep. Why does it seem like it's all or nothing on the other side?

https://files.taxfoundation.org/legacy/docs/TaxFoundation-FF525.pdf

how did this similar tax cut experiment work in Kansas?

[Th'Pusher]

I haven’t read up enough on this to see how it affects me personally , but, from what I’ve heard, billionaires will pay almost no taxes and poor people will starve to death.

take some time to read up on it before commenting tbh.

[rmt]

take some time to read up on it before commenting tbh.

Sounds like he's making a joke - lighten up.

[rmt]

how did this similar tax cut experiment work in Kansas?

Well, we shall see what happens. To me, t's certainly worth more of a try than shovel-ready jobs and Cash for Clunkers.

[spurraider21]

my taxes will still go up because of the state/local tax exemption being gutted. more than makes up for any nominal tax rate decrease

[DarrinS]

I’ll go from 28% down to 24%. :tu

[DarrinS]

my taxes will still go up because of the state/local tax exemption being gutted. more than makes up for any nominal tax rate decrease

Can’t you deduct up to 10k in state/local taxes?

[Th'Pusher]

Well, we shall see what happens. To me, t's certainly worth more of a try than shovel-ready jobs and Cash for Clunkers.
Why do you compare it to the stimulus measures put in place in 2009 when jobs were being lost at a rate of 200k per month? According to Trump, the economy is booming. Corporations are already making record profits and are flush with cash. There is no need for additional stimulus.

[boutons_deux]

McConnell blocked Dems from getting their SCOTUS judge, now McConnell is refusing to seat Doug Jones (but McConnell seated Rep Scott Brown ASAP).

I wonder if McConnell is "paying" Moore not to cede, so McConnell can say he can't seat Jones until Moore cedes, and after the tax cut vote.

[TeyshaBlue]

Why do you compare it to the stimulus measures put in place in 2009 when jobs were being lost at a rate of 200k per month? According to Trump, the economy is booming. Corporations are already making record profits and are flush with cash. There is no need for additional stimulus.

There's plenty of need for a front-loaded stimulus ala the Bush rebate of 2008 which was found to be very effective.

[Th'Pusher]

There's plenty of need for a front-loaded stimulus ala the Bush rebate of 2008 which was found to be very effective.

That's fair. That rebate was specifically targeted to low and middle income earners and was fucking cheap (>$200B) compared to the monsteraucity Trump is ramming through congress next week. I'd support restructuring the corporate tax code to level the effective tax rates across industries, but the POS in congress isn't going to do that. It's an unpopular bill being pushed by the donor class and supported by Trump voters who want to see him achieve something, anything, legislatively.

[boutons_deux]

Bush/Paulson's 2008 stimulus abandoned by Repugs to spite Obama, spite which included opposition to GM/Chrysler bailout, was much more important than Bush's puny crap.

[Th'Pusher]

Bush/Paulson's 2008 stimulus abandoned by Repugs to spite Obama, spite which included opposition to GM/Chrysler bailout, was much more important than Bush's puny crap.

The point is, the puny crap Bush passed is the only type of stimulus the current economy needs. Or some good old fashioned infrastructure spending where there is an actual ROI.

[AaronY]

That's fair. That rebate was specifically targeted to low and middle income earners and was fucking cheap (>$200B) compared to the monsteraucity Trump is ramming through congress next week. I'd support restructuring the corporate tax code to level the effective tax rates across industries, but the POS in congress isn't going to do that. It's an unpopular bill being pushed by the donor class and supported by Trump voters who want to see him achieve something, anything, legislatively.
You seem like you understand this shit..explain the stock buybacks to me. Every liberal I see or at least some were saying this plan would just lead to stock buybacks in the current environment. Some were even saying the buybacks should be illegal and that way the business would spend the money on expanding excetera

[boutons_deux]

The point is, the puny crap Bush passed is the only type of stimulus the current economy needs. Or some good old fashioned infrastructure spending where there is an actual ROI.

the current economy needs stimulus? stock market and corporate profits are at record levels. needs stimulus?

The only ROI of infrastructure spending will go into the pockets of rentier capitalists via fees, tolls, PPPs.

If not, there won't be any infrastructure spending, which absent from Trash/Repug budgets.

In any case, what's extremely clear, eg HARD FUCKING DATA, is that 90%+ of all growth in income and wealth since 2008 has gone to the top 5%.

America only works for the top quintile, everybody else is fucked and unfuckable, and the tax cut will make it all worse.

[Th'Pusher]

You seem like you understand this shit..explain the stock buybacks to me. Every liberal I see or at least some were saying this plan would just lead to stock buybacks in the current environment. Some were even saying the buybacks should be illegal and that way the business would spend the money on expanding excetera

The conservatives would have you believe that businesses will use the additional money from the tax cuts to invest back in the company; e.g. expand, upgrade equipment which in-turn produce more jobs, tighten the labor market resulting in higher wages and genreslly grow the economy. There isn't much evidence to support this theory.

What your liberal friends are suggesting is that companies will use the additional money to buy back thier own stock making it more scare and thereby during up the price.

[boutons_deux]

"Some were even saying the buybacks should be illegal"

They WERE illegal until the oligarchy, behind Useful Idiot St Ronnie the Diseased, made buybacks legal, which are basically self-dealing.

[boutons_deux]

https://images.dailykos.com/images/480673/story_image/outofwork.png?1512509261

[TeyshaBlue]

The conservatives would have you believe that businesses will use the additional money from the tax cuts to invest back in the company; e.g. expand, upgrade equipment which in-turn produce more jobs, tighten the labor market resulting in higher wages and genreslly grow the economy. There isn't much evidence to support this theory.

What your liberal friends are suggesting is that companies will use the additional money to buy back thier own stock making it more scare and thereby during up the price.

This is exactly what is happening now. Any stimulus goes straight to stock value enhancement and is converted to exec. compensation. The theory of reinvestment could lead to the same results with the added benefit of creating jobs and enhancing the front end (consumer spending) of our economy. Unfortinately, that process takes much longer. Shortsighted (is there any other kind?) CEOs and execs want the returns now.

[spurraider21]

Can’t you deduct up to 10k in state/local taxes?
Yeah. I’ve been too lazy to read a full summary tbh :lol

[boutons_deux]

Corker’s last-minute ‘yes’ on GOP tax bill could be related to addition benefitting his businesses

Sen. Bob Corker (R-TN) on Friday switched his “no” vote on the GOP’s tax bill to a “yes” — and new reporting shows it could be related to

additions that will benefit his businesses.

Corker “abruptly switched his position” when the latest draft of the bill was released. Analysts that spoke with the IB Times analysts said the latest language in the controversial bill

“would specifically allow owners of large real estate holdings through LLCs to deduct a percentage of their ‘pass through’ income from their taxes,” a move that would “personally” enrich real estate LLC owners.
“Corker has millions of dollars of ownership stakes in real-estate related LLCs that could also benefit,” federal records reviewed by IBT show.

The Senate’s reconciled bill has a 20 percent deduction for pass throughs, and in a last-minute change, also “added a new way around restrictions that would have kept pass throughs with large income but few employees from benefiting.”

The loophole is based around “depreciable property,” meaning it provides tax cuts not only to people who pay a lot in wages to employees, but also to those who “own a lot of property,”

“This helps people who have held property for awhile, like Donald Trump,”

“If you’ve got an LLC that’s a trade or business with a bunch of real estate holdings and few employees, [I] think you’re now golden. You get the deduction.”

https://www.rawstory.com/2017/12/corkers-last-minute-yes-on-gop-tax-bill-could-be-related-to-addition-benefitting-his-businesses-report/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

So Corker is really just another unprincipled, multi-millionaire whore for sale.

https://www.opensecrets.org/personal-finances/net-worth?cid=N00027441

[boutons_deux]

The Winners and Losers in the Tax Bill

WINNERS

PRESIDENT TRUMP AND HIS FAMILY

BIG CORPORATIONS

MULTIMILLIONAIRES

PRIVATE EQUITY MANAGERS

PRIVATE SCHOOLS AND THE PEOPLE WHO CAN AFFORD THEM

THE LIQUOR BUSINESS

ARCHITECTS AND ENGINEERS

TAX ACCOUNTANTS AND LAWYERS


LOSERS

PEOPLE BUYING HEALTH INSURANCE

INDIVIDUAL TAXPAYERS IN THE FUTURE

THE ELDERLY

LOW-INCOME FAMILIES

OWNERS OF HIGH-END HOMES

PEOPLE IN HIGH PROPERTY TAX, HIGH INCOME STATES

PUERTO RICO

THE INTERNAL REVENUE SERVICE

https://www.nytimes.com/2017/12/16/business/the-winners-and-losers-in-the-tax-bill.html?partner=rss&emc=rss

[boutons_deux]

The Myth Of Trump's Economic Populism, As Proved By The Tax Bill

Olsen expected the tax plan to include some of Trump's populist campaign promises —

that the rich would pay more,

the forgotten working class would pay less, and

special interest loopholes like the carried-interest provision for hedge-fund managers would be gone.

But the tax bill ended up instead being traditionally Republican in its focus on cutting taxes for the well-to-do

but barely touching the working class and

not helping the middle class to a significant degree.

"That's not what Trump promised," Olsen said. "And it's not what Trump's voters thought they were getting."

https://www.npr.org/2017/12/11/569527547/the-myth-of-trumps-economic-populism-as-proven-by-the-tax-bill?utm_source=npr_newsletter&utm_medium=email&utm_content=20171217&utm_campaign=&utm_term=

I expect that cutting the corporate tax rate to 21% is accompanied by not closing a single corporate loop hole. BigCrop has been paying only an effective 11% effective now, due to loopholes.

Even at 21%, BigCorp won't "repatriate" (the is actually in the USA) $Ts because the Repugs in 2004 allowed $100Bs in repatriation at 5%, basically tax amnesty.

And just wait until Ryan cuts Medicare ($25B automatic cut in Jan 2018), Medicaid, and Social Security.

[AaronY]

So I'm gonna make $43,000. 13,407 as an employee and the rest as an independent contractor. How's this going to affect me?

[boutons_deux]

GOP tax bill cost estimate keeps rising

On paper, the tax package hammered out Friday carries a price tag of a net $1.5 trillion over 10 years. In reality, the cost in the form of federal deficits is virtually certain to be substantially higher.

That's because of a bit of fiscal gamesmanship. Republicans agreed the tax rewrite could add up to $1.5 trillion in debt over 10 years.

But to stay within that limit and add nothing to deficits beyond the decade, as a Senate budget rule requires, they put expiration dates of 2025 or earlier on almost all of the tax changes for individual taxpayers — but hardly any for corporations.

The temporary breaks include the doubling of standard deductions and increases in the child tax credit.

But Republicans, including Trump, freely say that future Congresses will extend many of those tax cuts.

Republicans are counting on something of a replay of what happened after President George W. Bush pushed through tax cuts in 2001 and 2003. Many of those had a sunset date of 2010, also to hold down the purported cost. Most were ultimately made permanent during the Obama administration, except some breaks for the wealthiest taxpayers.

If many provisions do become permanent, experts say annual federal deficits could rise by hundreds of billions of dollars more over the 10-year period and swell even more in years beyond it

Starting next year, individuals

will not be able to lower their tax income by deducting interest on home equity lines of credit or

forgiveness of student loans.

People will not be able to deduct as much of their mortgage interest and state and local taxes. But these restrictions also would be lifted after 2025, meaning that taxpayers could return to getting larger deductions for these expenses.

If the provisions are extended, the true cost of the Republican tax plan would be closer to $2.3 trillion in the first decade if interest payments for debt are included,

"This tax cut is almost by definition a tax cut for today's adults and seniors, and a tax increase on today's children and those that have not yet been born,"

Republicans have long complained about rising federal debt, leaving analysts stunned by how they have rallied around — and rushed to embrace — an expensive tax bill that polls have found to be unpopular with much of the public.

But here, too, they might be miscalculating. Some of the largest tax cuts in American history, including the packages approved in 1948 and 1986, didn't avert big losses for congressional Republicans in the next election.

https://www.rawstory.com/2017/12/gop-tax-bill-cost-estimate-keeps-rising/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

So BigFinance flogging home equity loans supports (selling debt) this tax bill?

Takeaway: Repugs are creating a huge increase in deficit, which they will then use to cut Medicare, Medicaid, Social Security, TANF, CHIP, etc, etc.

iow, the tax cut is huge wealth redistribution upward from the lower quintiles to the top quintile.

[DarrinS]

So I'm gonna make $43,000. 13,407 as an employee and the rest as an independent contractor. How's this going to affect me?

https://www.npr.org/2017/12/15/571258698/chart-how-the-new-version-of-the-republican-tax-bill-would-affect-you

[AaronY]

Boutons I'm trying to get a question answered here can you not spam your garbage?

[AaronY]

https://www.npr.org/2017/12/15/571258698/chart-how-the-new-version-of-the-republican-tax-bill-would-affect-you


Darrin, buddy I didn't wanna figure it out my own I wanted to be spoonfed. Even clicking on a link is too much work

[DarrinS]

Darrin, buddy I didn't wanna figure it out my own I wanted to be spoonfed. Even clicking on a link is too much work

:lol

[rmt]

Darrin, buddy I didn't wanna figure it out my own I wanted to be spoonfed. Even clicking on a link is too much work

Open wide ....

Current:

43000 - 10650 = 32350 taxable income
10% of 9325 = 932.50
32350 - 9325 = 23025
15% of 23025 - 3453.75
932.50 + 4353.75 = 4386.25 total federal tax

Proposed:
43000 - 12000 = 31000 taxable
10% of 9525 = 952.5
31000 - 9525 = 21475
12% of 21475 = 2577
952.5 + 2577 = 3529.5 total federal tax

4386.25 - 3529.50 = 856.75 less tax

You would pay 24% more tax under current plan than proposed plan.

[Th'Pusher]

Open wide ....

Current:

43000 - 10650 = 32350 taxable income
10% of 9325 = 932.50
32350 - 9325 = 23025
15% of 23025 - 3453.75
932.50 + 4353.75 = 4386.25 total federal tax

Proposed:
43000 - 12000 = 31000 taxable
10% of 9525 = 952.5
31000 - 9525 = 21475
12% of 21475 = 2577
952.5 + 2577 = 3529.5 total federal tax

4386.25 - 3529.50 = 856.75 less tax

You would pay 24% more tax under current plan than proposed plan.

now do the same exercise for someone making $500k per year then $1M then $10M. No one doubts most people are going to get a tax cut under the proposed plan, but it's heavily skewed towards the wealthy. And at what cost?

[boutons_deux]

And at what cost?

destruction of the govt support for poor, sick, vets, retirees.

The Repug tax cut Repug is voluntary homicide of 100Ks of the disposable non-oligarchy, the bottom of the oligarchy's hierarchy, the serfs, the peasants, the losers.

[Pavlov]

Open wide ....

Current:

43000 - 10650 = 32350 taxable income
10% of 9325 = 932.50
32350 - 9325 = 23025
15% of 23025 - 3453.75
932.50 + 4353.75 = 4386.25 total federal tax

Proposed:
43000 - 12000 = 31000 taxable
10% of 9525 = 952.5
31000 - 9525 = 21475
12% of 21475 = 2577
952.5 + 2577 = 3529.5 total federal tax

4386.25 - 3529.50 = 856.75 less tax

You would pay 24% more tax under current plan than proposed plan.Then after his cuts expire?

[CosmicCowboy]

Corker’s last-minute ‘yes’ on GOP tax bill could be related to addition benefitting his businesses

Sen. Bob Corker (R-TN) on Friday switched his “no” vote on the GOP’s tax bill to a “yes” — and new reporting shows it could be related to

additions that will benefit his businesses.

Corker “abruptly switched his position” when the latest draft of the bill was released. Analysts that spoke with the IB Times analysts said the latest language in the controversial bill

“would specifically allow owners of large real estate holdings through LLCs to deduct a percentage of their ‘pass through’ income from their taxes,” a move that would “personally” enrich real estate LLC owners.
“Corker has millions of dollars of ownership stakes in real-estate related LLCs that could also benefit,” federal records reviewed by IBT show.

The Senate’s reconciled bill has a 20 percent deduction for pass throughs, and in a last-minute change, also “added a new way around restrictions that would have kept pass throughs with large income but few employees from benefiting.”

The loophole is based around “depreciable property,” meaning it provides tax cuts not only to people who pay a lot in wages to employees, but also to those who “own a lot of property,”

“This helps people who have held property for awhile, like Donald Trump,”

“If you’ve got an LLC that’s a trade or business with a bunch of real estate holdings and few employees, [I] think you’re now golden. You get the deduction.”

https://www.rawstory.com/2017/12/corkers-last-minute-yes-on-gop-tax-bill-could-be-related-to-addition-benefitting-his-businesses-report/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

So Corker is really just another unprincipled, multi-millionaire whore for sale.

https://www.opensecrets.org/personal-finances/net-worth?cid=N00027441





Hmmm. Sounds like a rental property llc is in my future.

[rmt]

now do the same exercise for someone making $500k per year then $1M then $10M. No one doubts most people are going to get a tax cut under the proposed plan, but it's heavily skewed towards the wealthy. And at what cost?

500K

Current:

500k - 10650 = 489350 taxable income
10% of 9325 = 932.50
15% of 28625 = 4293.75
25% of 53950 = 13487.5
28% of 99750 = 27930
33% of 225050 = 74266.50
35% of 1700 = 595
39.6% of 70950 = 28096.2
Total tax = 149601.45

Proposed plan:
500000 - 12000 = 488000
10% of 9525 = 952.5
12% of 29175 = 3501 ** error in previous post - should have been 29175 instead of 21475 **)
22% of 43800 = 9636
24% of 75000 = 18000
32% of 42500 = 13600
35% of 288000 = 100800
Total tax = 146489.5

149601.45 - 146489.5 = 3111.95 less tax

Person would pay 2.1% more tax under current plan than proposed plan.

There - I've done 2 out of 4 - your turn.

[rmt]

Hmmm. Sounds like a rental property llc is in my future.

Even more why rental real estate is the way for you.

[rmt]

There was no error in the first post.

[Pavlov]

McCain sitting this vote out.

[boutons_deux]

McCain sitting this vote out.

McConnell won't seat Jones before the vote, although McConnell demanded that Scott Brown be seated immediately.

[boutons_deux]

Trump’s Treasury Secretary Falls Apart And Admits It Might Be Years Before Worker Wages Go Up From Tax Cut

http://www.politicususa.com/2017/12/17/trumps-treasury-secretary-falls-admits-years-worker-wages-tax-cut.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29

And as we saw after the St Ronnie and Bush tax cuts, jobs won't go up, either.

[Spurminator]

640281925270286336

[Reck]

942480365230460934

Hilarious. Get your hand caught in the cookie jar, threatens journalist for doing their job.

[boutons_deux]

McCain sitting this vote out.

This vote is why Repugs run for office, why the oligarchy whores them for $Bs.

McCain missing this vote tells me he's in a very bad way, maybe going home to die.

[boutons_deux]

Trump promised ‘America First’ would keep jobs here. But the tax plan might push them overseas.

Having devoted nearly 13 years to making tractor-trailer exhaust pipes, Johnson, 41, spent some of his final weeks at the plant watching Mexican workers train to take his job.

“They brought three or four groups at different times,” he said. “To learn the jobs that are going to Mexico.”

This was the kind of economic dislocation that President Trump vowed to prevent with his “America First” policies.


“He hollered that he was going to put a stop to that,” Johnson said. “And he obviously did not.”

Trump, in fact, might actually make things worse.

tax experts say, will probably happen to more Americans if the Republican tax overhaul becomes law. The legislation fails to eliminate long-standing incentives for companies to move overseas and, in some cases, may even increase them,

“This bill is potentially more dangerous than our current system,”

“It creates a real incentive to shift real activity offshore.”

The United States loses about $100 billion annually in forgone tax payments to corporate profit shifting,

The legislation, however, would permit the estimated $2.6 trillion that corporations have stockpiled outside the country to return to the United States subject to a rate expected to be around 15 percent.

In the future, corporations would be required to pay about a 10 percent minimum tax on overseas income above a certain level. The provision is billed as a way to discourage the movement of jobs and profit overseas. But the fine print of the new global minimum tax would make the problem worse,

“The overall effects of this are going to be unambiguously bad for the workers that it’s ostensibly designed to help,”

https://www.washingtonpost.com/business/economy/trump-promised-america-first-would-keep-jobs-here-but-the-tax-plan-might-not/2017/12/15/7b8ed60e-df93-11e7-bbd0-9dfb2e37492a_story.html?mc_cid=593431c28f&mc_eid=47e367557b&utm_term=.f2707401b7c6

This isn't Trash's tax plan. It's the oligarchy's tax plan rigged to enrich the oligarchy, and Trash will sign it with a flourish of lies.

[boutons_deux]

Collins bought off, to be backstabbed by McConnell again

[spurraider21]

Darrin, buddy I didn't wanna figure it out my own I wanted to be spoonfed. Even clicking on a link is too much work
cold, bro

[Splits]

942891747985813504

[spurraider21]

942891747985813504
if only more american taxpayers had wells fargo stocks, they could have benefited and used those benefits to create jobs

you're not taking the trickle down far enough

[boutons_deux]

Republican Tax Bill Hands 15 Corporations $236 Billion Tax Break

will provide 15 of the largest and most profitable American corporations a $236 billion tax cut, according to a report prepared for Sen. Bernie Sanders (I-Vt.) by the Senate Budget Committee Democratic staff.

In the final legislation released Friday night, Republicans are offering corporations a nearly 20 percent tax cut to repatriate trillions of dollars stashed in offshore tax havens. The proposed 15.5 percent rate would be a boondoggle for profitable, multinational corporations.

After making $59 billion in profits last year, Apple would be the biggest winner with a tax break as large as $47.97 billion on the $246 billion it has stashed in offshore tax havens.

Pfizer, with $775 million in 2016 profits, would receive up to a $38.8 billion tax cut; Microsoft up to a $27.7 billion cut after last year’s profits topped $20 billion; and, with $10.2 billion profits last year, General Electric would receive a tax break of up to $15.99 billion.

A repatriation tax holiday has not worked in the past and will not work now, according to the report. As part of the 2004 American Jobs Creation Act, corporations were allowed to repatriate funds at a 5.25 percent tax rate with the assumption that the money would be used to boost the economy and create jobs.

Instead, corporations brought $312 billion to the US and spent it on executive pay raises and stock buy backs.

- In 2004, Pfizer repatriated $35.5 billion, fired 11,748 workers and gave its executives a raise of $12.8 million.

- In 2004, Johnson & Johnson repatriated $10.6 billion, fired 4,062 workers, and gave its executives a raise of more than $32.8 million. The companystands to gain a tax cut of up to $12.9 billion tax break as a result of the Republican tax bill.

https://www.commondreams.org/newswire/2017/12/18/report-republican-tax-bill-hands-15-corporations-236-billion-tax-break

[boutons_deux]

if only more american taxpayers had wells fargo stocks, they could have benefited and used those benefits to create jobs

you're not taking the trickle down far enough

:lol Goddam, you're fucking stupid.

create jobs? selling what? :lol

[boutons_deux]

The Republican tax bill got worse: now the top 1% gets 83% of the gains

By 2027, more than half of all Americans — 53 percent — would pay more in taxes under the tax bill agreed to by House and Senate Republicans,

a new analysis (http://www.taxpolicycenter.org/publications/distributional-analysis-conference-agreement-tax-cuts-and-jobs-act) by the Tax Policy Center finds.

That year, 82.8 percent of the bill’s benefit would go to the top 1 percent, up from 62.1 under the Senate bill (http://www.taxpolicycenter.org/publications/distributional-analysis-tax-cuts-and-jobs-act-passed-senate).

And even in the first years of the bill's implementation, when it’s an across-the-board tax cut, the

benefits of the law would be heavily concentrated among the upper-middle and upper-class Americans,

with nearly two-thirds of the benefit going to the richest fifth of Americans in 2018.

https://cdn.vox-cdn.com/thumbor/4rWjpqQA1d5a7VKbOPCLPK724m8=/1200x0/filters:no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/9892245/tpc1.png

https://www.vox.com/policy-and-politics/2017/12/18/16791174/republican-tax-bill-congress-conference-tax-policy-center

[spurraider21]

:lol Goddam, you're fucking stupid.

create jobs? selling what? :lol
you think borowitz is real

[boutons_deux]

Robert Reich: A Guide to Why the Trump-Republican Tax Plan Is a Disgrace—for When You Confront Your Republican Uncle Bob During the Holidays


Here are the three main Republican arguments in favor of the Republican tax plan, followed by the truth.

1.It will make American corporations competitive with foreign corporations, which are taxed at a lower rate.

Rubbish.

(1) American corporations now pay an effective rate (after taking deductions and tax credits) that’s just about the same as most foreign based corporations pay.

(2) Most of these other countries also impose a “Value Added Tax” on top of the corporate tax.

(3) When we cut our corporate rate from 35% to 20%, other nations will cut their corporate rates in order to be competitive with us – so we gain nothing anyway.

(4) Most big American corporations who benefit most from the Republican tax plan aren’t even “American.” Over 35 percent of their shareholders are foreign (which means that by cutting corporate taxes we’re giving a big tax cut to those foreign shareholders). 20 percent of their employees are foreign, while many Americans work for foreign-based corporations.

(5) The “competitiveness” of America depends on American workers, not on “American” corporations. But this tax plan will make it harder to finance public investments in education, health, and infrastructure, on which the future competitiveness of American workers depends.

(6) American corporations already have more money than they know what to do with. Their profits are at record levels. They’re using them to buy back their shares of stock, and raise executive pay. That’s what they’ll do with the additional $1 trillion they’ll receive in this tax cut.

2.With the tax cut, big corporations and the rich will invest and create more jobs.

Baloney.

(1) Job creation doesn’t trickle down. After Ronald Reagan and George W. Bush cut taxes on the top, few jobs and little growth resulted. America cut taxes on corporations in 2004 in an attempt to get them to bring their profits home from abroad, and what happened? They didn’t invest. They just bought up more shares of their own stock, and increased executive pay.

(2) Companies expand and create jobs when there’s more demand for their goods and services. That demand comes from customers who have the money to buy what companies sell. Those customers are primarily the middle class and poor, who spend far more of their incomes than the rich. But this tax bill mostly benefits the rich.

(3) At a time when the richest 1 percent already have 40 percent of all the wealth in the country, it’s immoral to give them even more – especially when financed partly by 13 million low-income Americans who will lose their health coverage as a result of this tax plan (according to the Congressional Budget Office), and by subsequent cuts in safety-net programs necessitated by increasing the deficit by $1.5 trillion.

3.It will give small businesses an incentive to invest and create more jobs.

Untrue.

(1) At least 85 percent of small businesses earn so little they already pay the lowest corporate tax rate, which this plan doesn’t change.

(2) In fact, because the tax plan bestows much larger rewards on big businesses, they’ll have more ability to use predatory tactics to squeeze small firms and force them out of business.

Don’t let your Uncle Bob be fooled:

Republicans are voting for this because their wealthy patrons demand it.

Their tax plan will weaken our economy for years –

reducing demand,

widening inequality, and

increasing the national debt by at least $1.5 trillion over the next decade.

Shame on the greedy Republican backers who have engineered this.

Shame on Trump and the Republicans who have lied to the public about its consequences.

https://www.alternet.org/right-wing/guide-why-trump-republican-tax-plan-disgrace-when-you-confront-your-republican-uncle-bob

[baseline bum]

:lol Goddam, you're fucking stupid.

create jobs? selling what? :lol

Selling the American Dream you ignorant motherfucker

[boutons_deux]

Warren and Sanders: Who Is Congress Really Serving?

https://static01.nyt.com/images/2017/12/18/opinion/18warrensanders/18warrensanders-master768.jpg

https://www.nytimes.com/2017/12/17/opinion/warren-sanders-congress-serving.html?mtrref=www.nytimes.com&assetType=opinion&_r=0

Is the question still asked? The answer from the Repugs has been clear for a long time.

[Spurminator]

if only more american taxpayers had wells fargo stocks, they could have benefited and used those benefits to create jobs

you're not taking the trickle down far enough


:lol Goddam, you're fucking stupid.

Never ceases to amaze.

[boutons_deux]

Wells Fargo CEO admits he won’t use his tax windfall to create more jobs

In an interview with CNN Money, (http://money.cnn.com/2017/12/18/news/economy/wells-fargo-taxes/index.html) Wells Fargo CEO Time Sloan made it clear what he plans to do with the corporation’s tax windfall — and it doesn’t benefit the average American worker.

“Is it our goal to increase return to our shareholders and do we have an excess amount of capital? The answer to both is, yes,” Sloan told CNN Money.

“So our expectation should be that we will continue to

increase our dividend and our share buybacks next year and the year after that and the year after that.”

And it’s not just Wells Fargo that stands to benefit.

Goldman Sachs could also see a tax break worth up to $6 billion dollars from the GOP tax bill.

In the NO-SHIT dept:

(https://thinkprogress.org/wells-fargo-ceo-tax-reform-job-6b6b8462f239/)https://pbs.twimg.com/media/DRVYLmkVoAE4QAH.png
https://thinkprogress.org/wells-fargo-ceo-tax-reform-job-6b6b8462f239/ (https://thinkprogress.org/wells-fargo-ceo-tax-reform-job-6b6b8462f239/)

[rjv]

Trickle down works in a perfect world but this ain't a perfect world. First of all, the Feds have continued to raise interest rates (while continuing to fail to address its balance sheet of $4,500,000,000,000) and there are bubbles in the stock market, junk bond bubbles and even bubbles in the crypto currency 'market', and I don't see any reason to feel good about avoiding a global recession by some time in 2019. The tax cut is essentially a 4.5 trillion subsidy to the corporations which typically get redistributed among themselves, and that's on top of the Federal Reserve 'subsidy' to the banks of around 6 trillion dollars (although the balance sheet still indicates 4.5) in the form of quantitative easing. When Bush gave out his 3.4 trillion in tax cuts (which Obama extended to the tune of another 6 trillion dollars in tax cuts), 80% of it went to the wealthiest individuals and corporations. The 2005 Multinational Corporation Repatriation Bill gave out a nice incentive to offshore corporate accounts that was basically a huge tax cut (bring your money back over here and get a 5% tax rate in exchange). So, where is all this money going? How much of that could have been invested in jobs if 90% of that revenue went to buy more stocks and pay off dividends? Look for corporations to use loopholes and to convert cash into liquid where they can so that they essentially have no taxes to pay at times. If previous fiscal policy and tax cuts did not generate investment in job creation why would the current tax bill be any different? Wages will not rise, real jobs will not increase and the deficit will enlarge to the point of sequestration.

[boutons_deux]

The tax bill is a giant permission slip for shipping profits overseas

We tried one part of the GOP tax bill in 2004. It was a huge failure.

The bill would take currently untaxed profits of US companies being stored abroad — profits that would normally be taxed at a 35 percent rate upon being brought back to the US — and tax them at new ultra-low rates: 8 percent for profits invested in real estate and other hard assets abroad, and 15.5 percent for profits in cash and stock and other liquid assets.

This isn’t an exclusively Republican idea.

Liberals like former Sen. Barbara Boxer (D-CA), President Obama, and Senate Democratic Leader Chuck Schumer have all endorsed proposals that would give companies that stashed money overseas a big tax break (https://www.cbpp.org/research/federal-tax/three-types-of-repatriation-tax-on-overseas-profits-understanding-the).

The repatriation provision in the tax bill would effectively reward companies that kept profits abroad rather than pay the 35 percent US corporate tax rate on them. That doesn’t raise money — and, what’s more, it costs money in the long term by telling companies that storing profits overseas will be rewarded in the future.

Congress did something very similar in 2004,

offering companies a one-time “repatriation holiday” (https://www.cbpp.org/research/repatriation-tax-holiday-would-lose-revenue-and-is-a-proven-policy-failure?fa=view&id=4154.#_ftn12) where they could bring back earnings and face a tax of only 5.25 percent, about a seventh of the normal 35 percent rate. The hope was that this money would then be invested in job-creating business activities in the US. But that’s not what happened:

The top companies repatriating earnings actually shed jobs over the next few years, and the funds were mostly funneled to shareholders in the form of higher dividends and more stock buybacks.

the tax bill set to pass Congress this week copies a policy from 2004 that we know failed.

Congress’s Joint Committee on Taxation has estimated that US companies have about $2.6 trillion in untaxed earnings (http://www.politifact.com/truth-o-meter/statements/2017/aug/03/donald-trump/are-there-over-4-trillion-untaxed-corporate-earnin/) overseas.

taxes profits invested in liquid assets like stocks and bonds at 15.5 percent, and

profits invested in harder-to-sell assets like real estate and equipment at 8 percent.

Both of those rates are far, far below the statutory rate, meaning companies with overseas profits are effectively being rewarded for keeping them abroad.

https://www.vox.com/2017/12/19/16791936/repatriation-holiday-republican-tax-bill-explained

the rightwingnutjobs' hated "elites" (the oligarchy) are looting America.

and the rightwingnutjobs are silent

[Reck]

943236591178452992

Stupid fucks. :lmao

[dabom]

Trickle down works in a perfect world but this ain't a perfect world. First of all, the Feds have continued to raise interest rates (while continuing to fail to address its balance sheet of $4,500,000,000,000) and there are bubbles in the stock market, junk bond bubbles and even bubbles in the crypto currency 'market', and I don't see any reason to feel good about avoiding a global recession by some time in 2019. The tax cut is essentially a 4.5 trillion subsidy to the corporations which typically get redistributed among themselves, and that's on top of the Federal Reserve 'subsidy' to the banks of around 6 trillion dollars (although the balance sheet still indicates 4.5) in the form of quantitative easing. When Bush gave out his 3.4 trillion in tax cuts (which Obama extended to the tune of another 6 trillion dollars in tax cuts), 80% of it went to the wealthiest individuals and corporations. The 2005 Multinational Corporation Repatriation Bill gave out a nice incentive to offshore corporate accounts that was basically a huge tax cut (bring your money back over here and get a 5% tax rate in exchange). So, where is all this money going? How much of that could have been invested in jobs if 90% of that revenue went to buy more stocks and pay off dividends? Look for corporations to use loopholes and to convert cash into liquid where they can so that they essentially have no taxes to pay at times. If previous fiscal policy and tax cuts did not generate investment in job creation why would the current tax bill be any different? Wages will not rise, real jobs will not increase and the deficit will enlarge to the point of sequestration.

A lot of people don't know this. Especially the last part.

[baseline bum]

943236591178452992

Stupid fucks. :lmao

What didn't pass the parliamentarian?

[boutons_deux]

What didn't pass the parliamentarian?

The Senate ruled that two provisions in the bill did not comply with the budget rules of reconciliation, which Republicans are using to avoid a Democratic filibuster, according to multiple congressional sources.

http://thehill.com/blogs/floor-action/house/365670-house-will-have-to-vote-for-tax-cut-bill-again

[baseline bum]

The Senate ruled that two provisions in the bill did not comply with the budget rules of reconciliation, which Republicans are using to avoid a Democratic filibuster, according to multiple congressional sources.

http://thehill.com/blogs/floor-action/house/365670-house-will-have-to-vote-for-tax-cut-bill-again

OK, so they had to remove some crap Cruz was pushing to fund expenses for home-schooling and the other was removing an exemption to tax on endowments for universities with fewer than 500 students. No reason to think Pence won't cast the deciding vote in the senate tonight for it.

[ElNono]

So I gather that after years of promises and complaints, the tax code has been vastly simplified with these changes? Less brackets, easier to prepare and file your taxes, etc?

[boutons_deux]

the owners of a particular sort of commercial real-estate entity—the kind that Donald Trump, Senator Bob Corker (https://www.newyorker.com/news/our-columnists/bob-corkers-powerful-words-about-donald-trump), and certain other members of Congress just so happen to own.

(On Monday afternoon, Senator Orrin Hatch, the chairman of the Senate Finance Committee, admitted that he was responsible for inserting the offending provision. The real-estate industry has long been a big donor to his campaigns.)

With a corporate rate of just twenty per cent, and a big new break for proprietors of unincorporated businesses and certain types of partnerships, the new code will contain enormous incentives for tax-driven restructurings, creative accounting, and outright fraud.

Every tax adviser and scammer in the country will be looking for ways to reclassify regular salary income as favored types of business income.

the first step will be to see how many of their

well-to-do clients could feasibly convert themselves into corporations.

“Taxpayers will be able to shield their labor income from tax by simply setting up a corporation and having their income accrue in the form of corporate profits. . . . Income that would have been taxed at the high individual rates is instead taxed at the low corporate rate,”

For some high earners, another alternative will be to go freelance and set up their own businesses, reporting their profits as “pass through” income on their personal tax returns. If they do this, many of them

will be able write off twenty per cent of their taxable income, thus reducing the new top rate from thirty-seven per cent to 29.6 per cent, and the new second-top rate from thirty-five per cent to twenty-eight per cent.

This “game is clear,”

it might well make sense for law firms to set up different companies to handle their accounting, computer systems, and other routine services. Here again, the trick would be to overcharge the main business and generate profits in entities that are eligible for the pass-through deduction.

the scale of the problems introduced by this new tax bill could very quickly overwhelm the tax agency.

The shortfall in tax revenues could be enormous.

Perhaps that is what Republicans want to happen.

there are some in the Party who would like to see

the tax base decimated,

the I.R.S. crippled, and

the federal government forced to slash spending on domestic programs, particularly entitlement programs.

But, for anybody who believes in a properly functioning government, a rational, clearly defined tax system is essential.

The Republican reform doesn’t meet that standard.

https://www.newyorker.com/news/our-columnists/the-gop-tax-bill-is-unworkable?mbid=nl_Daily%20121917%20Nonsubs&CNDID=43758549&spMailingID=12596533&spUserID=MTQzNTk4NzA3ODYzS0&spJobID=1301807259&spReportId=MTMwMTgwNzI1OQS2

America is INARGUABLY FUCKED AND UNFUCKABLE.

[spurraider21]

So I gather that after years of promises and complaints, the tax code has been vastly simplified with these changes? Less brackets, easier to prepare and file your taxes, etc?
you can file them on a postcard iirc

[DarrinS]

So I gather that after years of promises and complaints, the tax code has been vastly simplified with these changes? Less brackets, easier to prepare and file your taxes, etc?

I never thought they were complicated, tbh.

All I know is that mine are going down now. I’m rich bitch!!

[baseline bum]

I never thought they were complicated, tbh.

All I know is that mine are going down now. I’m rich bitch!!

Nice. Now you can double what Soros pays me and I'll come shitpost along with TSA and Chris for the right now.

[ElNono]

I never thought they were complicated, tbh.

All I know is that mine are going down now. I’m rich bitch!!

Hide yo money y'all, there's poor people around...

[DMC]

I still think those against it should refuse any higher refunds.

[boutons_deux]

The next fight over the GOP tax package is just around the corner

As Jonathan Bernstein of Bloomberg News points out (https://www.bloomberg.com/view/articles/2017-12-12/why-the-tax-bill-s-errors-won-t-be-fixed), the months following enactment of the

1986 tax bill revealed (http://www.nytimes.com/1987/03/08/business/a-new-era-in-american-tax-policy-congress-to-tackle-taxes-again.html?pagewanted=all)“hundreds of mostly minor drafting errors … with more being found each week.”

But the GOP will need the help of at least nine Senate Democrats to address them,

since Republicans there won’t have the benefit of the fast-track rules they used to pass the tax package with a bare majority.

And as Democrats revealed Tuesday,

they’re in no mood to help Republicans out of any messes they made.

https://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2017/12/20/the-finance-202-the-next-fight-over-the-gop-tax-package-is-just-around-the-corner/5a39549330fb0469e883fcf1/?undefined=&utm_term=.28d68df199d5&wpisrc=nl_most&wpmm=1

[Mitch]

:tu

[spurraider21]

I still think those against it should refuse any higher refunds.
And you should voluntarily subject yourself to additional background checks when purchasing a gun

[DMC]

And you should voluntarily subject yourself to additional background checks when purchasing a gun

I have a CHL. I have done just that, although that's a horrible analogy.

If you're against the tax breaks, don't take them.

If I'm against background checks, you think I should get more of them.

I'm not against background checks.

[ducks]

AT&T to Pay $1,000 to 200,000 Workers After Tax Bill Signed

[spurraider21]

I have a CHL. I have done just that, although that's a horrible analogy.

If you're against the tax breaks, don't take them.

If I'm against background checks, you think I should get more of them.

I'm not against background checks.
I know. You’ve said you support them. Have you voluntarily submitted yourself to background checks that exceed what is currently required by law because you are for stronger checks?

[DMC]

I know. You’ve said you support them. Have you voluntarily submitted yourself to background checks that exceed what is currently required by law because you are for stronger checks?

Yes. It's called a CHL. Fingerprints to FBI, ATF, DPS and local sheriff's office. They do extensive criminal background checks, and they have to sign off on it.

So yeah.

So send back your refund.

[Pavlov]

Yes. They won't do the checks though.Which additional checks did you ask them to do?

[DMC]

Which additional checks did you ask them to do?

None of your fucking business. When I pull your chain, then you can ask questions.

[Pavlov]

None of your fucking business. When I pull your chain, then you can ask questions.:lol triggered

It's OK. You just lied for no reason.

[DMC]

chirp

[spurraider21]

Yes. It's called a CHL. Fingerprints to FBI, ATF, DPS and local sheriff's office. They do extensive criminal background checks, and they have to sign off on it.

So yeah.

So send back your refund.
Have you subjected yourself to further checks beyond what is currently required?

[Pavlov]

Have you subjected yourself to further checks beyond what is currently required?:lol

[DMC]

Have you subjected yourself to further checks beyond what is currently required?

A CHL isn't currently required. So yes. How many times do you need to read that?

[spurraider21]

A CHL isn't currently required. So yes. How many times do you need to read that?
There are certain checks required for a CHL. Have you subjected yourself to additional checks that go beyond those currently required by law?

[Pavlov]

A CHL isn't currently required. So yes. How many times do you need to read that?:lol You wanted a CHL so it was required.

[DMC]

There are certain checks required for a CHL. Have you subjected yourself to additional checks that go beyond those currently required by law?

But not to purchase a firearm.

That was your question which is still a poor analogy because I am not against background checks as they stand. That doesn't mean I wouldn't be against tighter restrictions.

If you're against the tax breaks, you are against the current tax laws which in effect could put more money in your pocket, so you should refuse the benefit of something you are against.

It's not rocket science and regardless how you try to make that poor analogy work, it doesn't.

[spurraider21]

But not to purchase a firearm.

That was your question which is still a poor analogy because I am not against background checks as they stand. That doesn't mean I wouldn't be against tighter restrictions.

If you're against the tax breaks, you are against the current tax laws which in effect could put more money in your pocket, so you should refuse the benefit of something you are against.

It's not rocket science and regardless how you try to make that poor analogy work, it doesn't.
The analogy works fine. you just don’t like the result because you come off as stupid

[Spurminator]

I think people who are against legalized abortion should have unwanted fetuses surgically transferred to their bodies (or their wives', girlfriends') so they can carry those pregnancies to term.

[DMC]

The analogy works fine. you just don’t like the result because you come off as stupid

It doesn't work at all for the reasons I stated. You come off as desperate, especially after you moved the goalpost to getting the CHL.

But I went above and beyond on that as well. I actually took the longest course available, which isn't required by law, because I wanted to spend more time on legalities and such. There wasn't an option to request more background checks, but I offered things they didn't want or need.

You just got shamed though because you thought you had me. You should probably look into being an immigration attorney.

[DMC]

I think people who are against legalized abortion should have unwanted fetuses surgically transferred to their bodies (or their wives', girlfriends') so they can carry those pregnancies to term.

Another stupid analogy. No one is saying you should accept something you are against. They are saying you should refuse something you are against. But I like your idea since I am pro-choice.

Now we just have a few more liberal shit pilers to show up like RG and Fuzzy, and Pgardn will add his 2 cents. We'll have a full boat then.

[spurraider21]

It doesn't work at all for the reasons I stated. You come off as desperate, especially after you moved the goalpost to getting the CHL.

But I went above and beyond on that as well. I actually took the longest course available, which isn't required by law, because I wanted to spend more time on legalities and such. There wasn't an option to request more background checks, but I offered things they didn't want or need.

You just got shamed though because you thought you had me. You should probably look into being an immigration attorney.
The point is subjecting yourself to additional burdens because of an opinion on policy is a nonsensical expectation.

[DMC]

The point is subjecting yourself to additional burdens because of an opinion on policy is a nonsensical expectation.

How is it an additional burden to refuse a refund? You're not getting it now, so what is additional?

[Pavlov]

:lmao DMC went back and edited the post where he said asked them to do additional checks on him and they wouldn't do it.

[spurraider21]

How is it an additional burden to refuse a refund? You're not getting it now, so what is additional?
Now you’re just playing stupid. Which is a shame, since you don’t really have to pretend to demonstrate that

[DMC]

It doesn't work at all for the reasons I stated. You come off as desperate, especially after you moved the goalpost to getting the CHL.

But I went above and beyond on that as well. I actually took the longest course available, which isn't required by law, because I wanted to spend more time on legalities and such. There wasn't an option to request more background checks, but I offered things they didn't want or need.

You just got shamed though because you thought you had me. You should probably look into being an immigration attorney.


:lmao DMC went back and edited the post where he said asked them to do additional checks on him and they wouldn't do it.

You mean that which I bolded?

You're not very bright, but everyone here knows that about you already.

[DMC]

Now you’re just playing stupid. Which is a shame, since you don’t really have to pretend to demonstrate that

It's not an additional burden to refuse a refund. Have you ever done someone a favor and refused payment? Does that mean you did them two favors?

You can't be default right, Philo, just through ad nauseum claims.

[Pavlov]

You mean that which I bolded?

You're not very bright, but everyone here knows that about you already.:lmao Now you're angry about my merely saying you edited it.

[DMC]

Chirp

[Pavlov]

Now that's how we can tell you're upset.

[DMC]

chirp chirp

[Pavlov]

See?

It's one of your tells.

[Spurminator]

Another stupid analogy.

Yep, it's stupid alright, which makes it an appropriate analogy.

[Chris]

https://i.ytimg.com/vi/jBipMHCUXjo/hqdefault.jpg

[DMC]

Yep, it's stupid alright, which makes it an appropriate analogy.

That's even worse since mine wasn't an analogy.

Amazing how triggered you liberals get when someone challenges you to demonstrate the courage of your e-convictions.

[Spurminator]

That's even worse since mine wasn't an analogy.

Yours doesn't have to be an analogy for someone to make an analogy illustrating how stupid it is. This is not a difficult concept.


Amazing how triggered you liberals get when someone challenges you to demonstrate the courage of your e-convictions.

I think it's pretty obvious who among us is triggered.

[spurraider21]

It's not an additional burden to refuse a refund. Have you ever done someone a favor and refused payment? Does that mean you did them two favors?

You can't be default right, Philo, just through ad nauseum claims.
Didn’t think I’d have to hold your hand through this. Opting to pay more taxes than required is an additional burden.

[boutons_deux]

Heard on NPR that IRS could crack into dysfunctionality due to the 100s of pages of tax code changes.

Some of the IRS programs go back to the early 1960s, 55+ years, the punch card era. If to change a parameter, you don't change on a screen form, you have to change the source code.

IRS dysfunctionality (lack of code enforcement) is of course an objective of the oligarchy.

Repugs have cut IRS by 21000 jobs and $900M since they have had control of the House (spending)

[dabom]

Heard on NPR that IRS could crack into dysfunctionality due to the 100s of pages of tax code changes.

Some of the IRS programs go back to the early 19060s, 55+ years, where if you want to change a parameter, you don't change on a screen form, you have to change the source code.

IRS dysfunctionality (lack of code enforcement) is of course an objective of the oligarchy.

Repugs have cut IRS by 21000 jobs and $900M since they have had control of the House (spending)

Very easy to see what is happening here. Best way to stop an organization is to cut their funding.

[DarrinS]

Heard on NPR that IRS could crack into dysfunctionality due to the 100s of pages of tax code changes.

Some of the IRS programs go back to the early 19060s, 55+ years, where if you want to change a parameter, you don't change on a screen form, you have to change the source code.

IRS dysfunctionality (lack of code enforcement) is of course an objective of the oligarchy.

Repugs have cut IRS by 21000 jobs and $900M since they have had control of the House (spending)



Nah, they’re very efficient at getting OPM.

[ducks]

Wells Fargo, Boeing, Others Reward Employees After Tax Bill Passage

[dabom]

Wells Fargo, Boeing, Others Reward Employees After Tax Bill Passage

:cry dat trickle :cry

[dabom]

Inb4 someone makes a pee joke.

[DarrinS]

Lol

http://www.washingtonexaminer.com/tim-scott-roasts-huffington-post-writer-for-calling-him-a-prop-at-trumps-tax-cut-speech/article/2644080

[TSA]

Wells Fargo CEO admits he won’t use his tax windfall to create more jobs

In an interview with CNN Money, (http://money.cnn.com/2017/12/18/news/economy/wells-fargo-taxes/index.html) Wells Fargo CEO Time Sloan made it clear what he plans to do with the corporation’s tax windfall — and it doesn’t benefit the average American worker.

“Is it our goal to increase return to our shareholders and do we have an excess amount of capital? The answer to both is, yes,” Sloan told CNN Money.

“So our expectation should be that we will continue to

increase our dividend and our share buybacks next year and the year after that and the year after that.”

And it’s not just Wells Fargo that stands to benefit.

Goldman Sachs could also see a tax break worth up to $6 billion dollars from the GOP tax bill.

In the NO-SHIT dept:

(https://thinkprogress.org/wells-fargo-ceo-tax-reform-job-6b6b8462f239/)https://pbs.twimg.com/media/DRVYLmkVoAE4QAH.png
https://thinkprogress.org/wells-fargo-ceo-tax-reform-job-6b6b8462f239/ (https://thinkprogress.org/wells-fargo-ceo-tax-reform-job-6b6b8462f239/)




943600405694615553
:rollin

[Pavlov]

943600405694615553
:rollinHow many people did Wells Fargo lay off this year?

[Pavlov]

939152197090148352

:lol if anything

[DMC]

Yours doesn't have to be an analogy for someone to make an analogy illustrating how stupid it is. This is not a difficult concept.

Your analogy doesn't fit either. Two stupid analogies aren't better than one.


I think it's pretty obvious who among us is triggered.
Yes, you showed up unheralded and starting yapping.

[DMC]

Didn’t think I’d have to hold your hand through this. Opting to pay more taxes than required is an additional burden.

You're protesting the additional refund. What's the burden and what was added to it?

"It's a bad plan for the country.... but I'm keeping mine" -Liberals

[DarrinS]

Yeah, Wells Fargo is not without their problems. I’ve been banking with them for years. Hopefully, gets sorted out.

[vy65]

So for everyone who gives their refunds back, do we get those refunds when our taxes go up in a few years?

[DMC]

So for everyone who gives their refunds back, do we get those refunds when our taxes go up in a few years?

You bet.

[Reck]

Lol

http://www.washingtonexaminer.com/tim-scott-roasts-huffington-post-writer-for-calling-him-a-prop-at-trumps-tax-cut-speech/article/2644080

That may be so but do you really think Trump and his ilk really read the ins and outs of what's in this bill?

The answer is no, no they didn't.

[DarrinS]

That may be so but do you really think Trump and his ilk really read the ins and outs of what's in this bill?

The answer is no, no they didn't.


Didn’t they allegedly write it in such a way to enrich themselves?

[boutons_deux]

Trump To Delay Signing Tax Bill So The Devastating Impacts Aren’t Felt Until After Midterms

If this is such a fine piece of legislation, why didn't congressional Republicans rush it to the White House today to get the president's signature on it?

Trump might wait until after the holidays to officially sign the bill into law so the proposal’s most devastating impacts won’t be felt until after the 2018 midterm elections.

Celebrations aside, President Trump may wait until next year to sign the tax bill into law,

delaying $120 billion in automatic cuts to popular programs such as Medicare and

sparing Republicans from having to explain them in an election year.

Here’s why:

If Trump signs the tax bill this month,

it could trigger steep automatic spending cuts early next year to a raft of programs.

But if Trump waits until January to sign the bill,

the spending cuts would be delayed until 2019 —

after next year’s congressional elections —

giving lawmakers a full year to prevent them.

Trump and his Republican allies in Congress know they sold the country

an expensive bill of goods that will harm millions of people,

whether it’s through higher taxes,

the dismantling of Obamacare, or

a spike in insurance costs.

But they want to avoid these devastating effects as long as possible,

particularly with a midterm election around the corner.

http://www.politicususa.com/2017/12/20/trump-delay-signing-tax-bill-devastating-impacts-felt-midterms.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29

[boutons_deux]

‘Oh my God, is that SNL?’: Watch Don Lemon burst out laughing over Republicans’ effusive Trump praise

https://www.rawstory.com/wp-content/uploads/2017/12/don.jpg


https://www.rawstory.com/2017/12/oh-my-god-is-that-snl-watch-don-lemon-burst-out-laughing-over-republicans-effusive-trump-praise/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

Repugs mocking, fake-pandering to Trash's pitiful ego with Fake Praise :lol

[Chucho]

‘Oh my God, is that SNL?’: Watch Don Lemon burst out laughing over Republicans’ effusive Trump praise

https://www.rawstory.com/wp-content/uploads/2017/12/don.jpg


https://www.rawstory.com/2017/12/oh-my-god-is-that-snl-watch-don-lemon-burst-out-laughing-over-republicans-effusive-trump-praise/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

Repugs mocking, fake-pandering to Trash's pitiful ego with Fake Praise :lol



LOL. Don Lemon. Take him as seriously as you would Hannity. He hates black people but has no problem profiting from pretending to be black.

[rmt]

Didn’t they allegedly write it in such a way to enrich themselves?

hahaha

[rmt]

LOL. Don Lemon. Take him as seriously as you would Hannity. He hates black people but has no problem profiting from pretending to be black.

Loved his interview with Morgan Freeman

https://www.youtube.com/watch?v=v5DIE6dcY5E

[Trill Clinton]

LOL. Don Lemon. Take him as seriously as you would Hannity. He hates black people but has no problem profiting from pretending to be black.

This guy is obsessed with race, gotdayum lol

[Chucho]

This guy is obsessed with race, gotdayum lol


Coming from you, that's like Avante telling someone how to pick up legal aged pussy.

[boutons_deux]

Trump just told the truth. He may wish he hadn’t.

“I shouldn’t say this,” Trump said, “but we essentially repealed Obamacare.”
Republicans, in rushing the tax bill to passage, kept fairly quiet about the fact that they were killing the “individual mandate” and thereby removing the engine that made the Affordable Care Act work.

In doing so, they threw the health-care system into chaos without offering any remedy.

And Trump just claimed paternity of the destruction.

he read aloud the

stage directions that called for Republicans not to advertise that they were killing Obamacare.

“Obamacare has been repealed in this bill. We didn’t want to bring it up,” he said.

“I told people specifically, ‘Be quiet with the fake-news media because I don’t want them talking too much about it.’ Because I didn’t know how people would —.” Trump didn’t finish that thought,

Trump has officially claimed full ownership of the health-care system for himself

●Premiums for the most popular health insurance on the individual market exchanges are estimated to rise 34 percent on average next year,

●Employer-based health insurance costs are forecast to rise in 2018 by the most since 2011, at 4.3 percent, according to the human resources consulting firm Mercer, and overall medical costs will be up 6.5 percent, the first increase in the rate in three years,

The more Trump claims to have done away with Obamacare, “the more he owns problems in the health system of his making or not,”

Susan Collins (R-Maine), who, in exchange for her vote for the tax bill, was hornswoggled into believing Congress will take action before year end on subsidies to stabilize the former Obamacare exchanges.

That has now been put off until next year, and it will meet stiff resistance from Collins’s fellow Republicans.

https://www.washingtonpost.com/opinions/trump-just-told-the-truth-he-may-wish-he-hadnt/2017/12/20/26d8332a-e5de-11e7-833f-155031558ff4_story.html?undefined=&utm_term=.046baa5e00c6&wpisrc=nl_most&wpmm=1

[boutons_deux]

This Tax Accountant's Thoughts on the New Tax Law (https://www.dailykos.com/stories/2017/12/20/1726234/-This-Tax-Accountant-s-Thoughts-on-the-New-Tax-Law)

Without the mandate to have insurance, health care premiums will go up, and self-employed people will have to bear the cost without employer subsidies.

It will particularly hurt wage-earners, you who are employees. It will specifically hurt police, fire fighters, nurses and teachers. Why? Because it eliminates employee business expenses.

Teachers can take $250 of deductions, but "Masters plus 30" education — teachers can get raises up to 30 hours past their Masters Degree — will no longer be deductible if you earn more than $65,000 as a single person or $130,000 as a married couple.

In other words, education you pay for on your own dime to become better at your job — any job — will no longer be deductible starting January 1st.
Starting in 2018, classroom supplies, photocopies, incentives, classroom decorations, class parties, union dues are all gone.

Police, nurses and firefighters, who previously deducted uniforms and equipment, you can kiss that goodbye, along with union dues.

Carpenters and electricians can no longer deduct equipment, tools and supplies.

those who pay for supplies and union dues out of pocket will be hurt disproportionately compared to those who don't.

the $10,000 SALT cap hurts my clients who live in Connecticut, New Jersey and New York, where I prepare taxes as an Enrolled Agent, licensed to practice before the Internal Revenue Service.

This is the wave of the future, which technically expires for individuals in 2026, at which point we don't know what will happen,but the corporate tax cuts will be permanent. This will create massive budget deficits.

Speaker Paul Ryan is already saying that the increase in the deficit means that Congress will likely attempt to cut Social Security and Medicare benefits. (https://www.washingtonpost.com/news/wonk/wp/2017/12/01/gop-eyes-post-tax-cut-changes-to-welfare-medicare-and-social-security/?utm_term=.854405db3727)

“We're going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit,” Ryan said

"...Frankly, it's the health care entitlements that are the big drivers of our debt, so we spend more time on the health care entitlements — because that's really where the problem lies, fiscally speaking.” In other words, Congress will be paying for tax breaks to corporations by cutting Social Security and Medicare to pay for it.

This law Is designed to benefit they Republican donor class, who have threatened to cut off funding unless and until this has passed.

It also is insidiously designed to social engineer our society,

away from wage earners and

the benefits that employers are obligated to provide,

to become an increasingly non-union and non-employee based economy of

contractors and sub-contractors,

with no benefits, sick pay, family leave, unemployment insurance, workers compensation, or vacation pay.

https://www.dailykos.com/stories/2017/12/20/1726234/-This-Tax-Accountant-s-Thoughts-on-the-New-Tax-Law?detail=emaildkre

[boutons_deux]

The Repug tax plan will force people into the gig economy which is mostly poverty level, unreliable income

"with no benefits, sick pay, family leave, unemployment insurance, workers compensation, or vacation pay."

... having to pay both employee and employer payroll taxes.

[boutons_deux]

Now that the GOP has passed its tax bill, Americans get to find out what's in it (Spoiler alert: It's not good)

we now get to see how Republican theories about tax policy intersect with reality, and both experience and reason suggest this bill is going to present a host of unintended consequences.

Seven years after the Citizens United decision made corporations into people,

the Republican tax bill may make a lot of people want to turn themselves into corporations — or, more precisely, LLCs.

In a break from how the tax code has worked in the past, the new Republican version provides substantial advantages to those who earn money as an owner or partner in a firm rather than an employee.

Those who are officially considered independent contractors could find substantial tax advantages over co-workers who are classified as employees, even if they earn the same amount and do the same kind of work.

Kansas made a similar change in 2012 as part of Republican Gov. Sam Brownback’s massive tax cut plan. It exempted pass-through income altogether from state income taxes, and the result — surprise! — was a lot more people started reporting their income that way.

The most famous example was University of Kansas football coach David Beaty, who saved an estimated $37,000 a year in state income taxes (https://www.nytimes.com/2017/10/10/us/politics/kansas-tried-a-tax-plan-similar-to-trumps-it-failed.html) by funneling most of his earnings through an LLC,

but he wasn’t alone.

The Tax Foundation (by no means a liberal group) analyzed the numbers and found

a spike in pass-through entity formation and in the amount of income reported as being earned by such entities in the years

after the Brownback cuts, leading to a drop of about $200 million to $300 million in state revenue.

That’s as much as 5 percent of the state’s operating budget at the time.

The tax plan not only slashes corporate tax rates but also provides even steeper cuts for companies that repatriate profits being stashed overseas. We’ve tried that before. It cost the treasury a bundle and fostered virtually no economic benefits.

The legislation changes the inflation calculation used to adjust tax brackets, with the effect that they will rise more slowly and consequently push people into paying at a higher rate. Analysts have found scenarios (https://www.wsj.com/articles/the-taxman-cometh-senate-bills-marginal-rates-could-top-100-for-some-1512942118) in which marginal income could be taxed at a rate exceeding 100 percent.

the tax cut bill will lead to steeper rate hikes (https://www.huffingtonpost.com/entry/donald-trump-federal-reserve-offset-tax-cuts_us_5a2076cae4b03350e0b55f99) than the fed would otherwise have approved — possibly even leading to a recession.

http://www.baltimoresun.com/news/opinion/editorial/bs-ed-1221-tax-cut-20171220-story.html

[boutons_deux]

House Republicans Don’t Know Some Very Basic Facts About The Tax Bill They Wrote

It took us 18 tries to find a GOP congressman who could tell us the individual income tax brackets.

To be clear, we were just looking for seven figures: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.

We were not looking for congressional representatives to display some savant-like ability and provide the income thresholds for each bracket. We just wanted to see if Republicans knew this one simple element of a bill they were rushing into law.

They didn’t.

Among the GOP lawmakers who were shaky on those specifics were

members of the tax-writing House Ways and Means Committee,

the chairwoman of the House Budget Committee (Rep. Diane Black of Tennessee) and

the lead author of the bill in the House (Ways and Means Chairman Kevin Brady of Texas).

When we pressed Brady again to name the brackets, he dismissed the question. “So please, please. Seriously? I would like to finish my job,” he said.

Even though Brady almost certainly should know the brackets in a tax bill he is authoring, the Ways and Means chairman was in good company.

We repeatedly asked Budget Chairwoman Black, who repeatedly claimed she knew the brackets, but would not say them.

As the head of the Budget Committee, Black oversaw the budget vehicle that allowed Republicans to pass the tax bill through a special legislative process without any Democratic support.

A number of House Republicans eventually admitted they didn’t know the brackets “off the top of my head.” Those were the words of Rep. David McKinley (R-W.Va.). And Rep. Bradley Byrne (R-Ala.). And Chuck Fleischmann (R-Tenn.).

Republicans began their quest for tax reform by

promising a simpler tax code ― one with fewer brackets, even though the relationship between brackets and simplicity is tenuous at best.

Still, by their own words, reducing the number of brackets was a key goal. And the bill would be slightly easier to comprehend

if there were fewer brackets ― which there aren’t ― although it still wouldn’t really be easier to file your taxes.

House Republicans told us, time and again, that they were “very familiar” with the details of this legislation. When we suggested they didn’t have much time to read the final legislation after it was released Friday night, they said they had plenty of time.

those lawmakers didn’t know basic facts about the bill?

As Roger Williams ― who has an estimated worth (https://www.opensecrets.org/members-of-congress/other-data?cid=N00030602&cycle=2016) between $20 million and $70 million ― said about the individual tax rate,

“I know what mine’s going to be.”

https://www.huffingtonpost.com/entry/house-republicans-tax-brackets-brady_us_5a3a74b8e4b0b0e5a79ec354?pu9

[AaronY]

side note but boutons besides being bad at everything else is also awful at nicknames; Trash, Repugs, hmm need a third here for joke cacence but don't have it off top of my head (help someone ?), anyway yeah so lame

[Chucho]

side note but boutons besides being bad at everything else is also awful at nicknames; Trash, Repugs, hmm need a third here for joke cacence but don't have it off top of my head (help someone ?), anyway yeah so lame

:lol

[boutons_deux]

10 reasons Democrats think the tax bill will be a political loser for Trump’s GOP in the midterms

1. Most folks who pay lower taxes will not save enough to care.

80 percent of taxpayers will see an increase of less than 2 percent in their after-tax income,

“There is no history of voters being grateful for tax cuts that small,”

2. Voters don’t just think the bill benefits the wealthy. They think it benefits the wealthy at their expense.

3. Trump is an ineffective messenger (https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2017/12/18/daily-202-trump-risks-losing-what-s-left-of-his-populist-street-cred-with-gop-tax-bill/5a372f2630fb0469e883fc37/?utm_term=.71f223294c1a).

Not only does he have historically low, Bush-after-Katrina approval numbers, and stands to save millions a year from his own bill, but he’s notoriously undisciplined and struggles to stay on script.

4. Congressional leaders aren’t good pitchmen either. “If we can’t sell this to the American people, we ought to go into another line of work,”

5. Conservative groups have already spent more than $70 million promoting an overhaul of the tax code, by some estimates, and most people still don’t think the bill is good. How will new commercials do what the previous ones could not?

6. The most effective GOP messages to grow support for the bill are not true.

7. The tax debate has allowed Democrats to open an advantage over Republicans on the broader question of who voters trust more to manage the economy, which is still a top concern.

8. By repealing the individual mandate, Republicans now own the health-care mess.

9. Polls show voters are receptive to the argument that Republicans did not sufficiently reach across the aisle or work in good faith with Democrats to make the bill better.

10. Ronald Reagan did not benefit politically from cutting taxes in either 1982 or 1986.

https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2017/12/21/daily-202-10-reasons-democrats-think-the-tax-bill-will-be-a-political-loser-for-trump-s-gop-in-the-midterms/5a3b0db430fb0469e883fd41/?undefined=&utm_term=.eb2206f1387c&wpisrc=nl_most&wpmm=1

[spurraider21]

side note but boutons besides being bad at everything else is also awful at nicknames; Trash, Repugs, hmm need a third here for joke cacence but don't have it off top of my head (help someone ?), anyway yeah so lame
christian sharia is incredibly unimaginative

[TSA]

christian sharia is incredibly unimaginative

don't discount knitters

[ducks]

Tax bill opens Alaska to oil production worth billions of dollars, strengthening America

[AaronY]

Tax bill opens Alaska to oil production worth billions of dollars, strengthening America
Oh, ok.

[boutons_deux]

Man who left manure at Treasury Secretary Mnuchin's house comes forward, speaks out


http://image.al.com/home/bama-media/width600/img/news_impact/photo/robby-strong-ced3cf4b9daa2103.jpg

http://image.al.com/home/bama-media/width600/img/news_impact/photo/25587096_10156134947172932_1003683045500926790_o.j pg

http://www.al.com/news/index.ssf/2017/12/exclusive_man_who_left_manure.html#nws=mcnewslette r

[boutons_deux]

Secret Service takes over investigation of package of manure sent to Steve Mnuchin's Bel-Air home

It’s not clear that any local laws were violated

even though the package provoked an extensive law-enforcement response early Saturday evening, said Officer Ray Barron, of the West Los Angeles Division of the L.A. Police Dept.

“There was nothing other than insulting comments,” said Barron, describing a note that accompanied the box.

“There was nothing dangerous in the box — no controlled substances. No threats were made.”

http://www.latimes.com/local/lanow/la-me-ln-lapd-bomb-squad-20171223-story.html#nws=mcnewsletter

I'm sure racist Sessions will find some way to prosecute the giver of the great gift of horse shit.

[boutons_deux]

After Tax Reform Victory, Salt Lake Tribune Calls On Orrin Hatch To Retire


The Salt Lake Tribune’s editorial board says it’s time for Sen. Orrin Hatch (R-UT) to step aside.
In a scathing Christmas morning editorial (http://www.sltrib.com/pb/opinion/editorial/2017/12/25/tribune-editorial-why-orrin-hatch-is-utahn-of-the-year), the newspaper

named Hatch its “Utahn of the Year”

– a designation that recognizes a person who has had a large
impact on the state, “for good or for ill.”

The newspaper called Hatch, who is the longest-serving Republican senator in U.S. history,

a politician with an “utter lack of integrity”

who has an

“unquenchable thirst for power.”

While the newspaper

praised Hatch for his role in passing tax reform :lol

last week, it said that legislative victory, coupled with

Hatch’s efforts in the “dramatic dismantling” of Utah’s national monuments,

signal it’s time for an exit.

http://talkingpointsmemo.com/livewire/salt-lake-tribune-calls-hatch-retire?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20tpm-news%20%28TPMNews%29

[boutons_deux]

‘Reading is fundamental’: Orrin Hatch ridiculed for thanking Utah paper that attacked his ‘unquenchable thirst for power’ (http://feedproxy.google.com/~r/TheRawStory/~3/NlSlk5T4uZI/)
In what may very well be a case of “too long, didn’t read,”

Sen. Orrin Hatch (R-UT) thanked the Salt Lake Tribune for naming him “Utahn of the Year,”

seemingly unaware the same paper explained

the choice wasn’t made because they thought we he was doing a good job.

In fact, the paper’s editorial board called on him to leave office (https://www.rawstory.com/2017/12/utah-paper-drops-christmas-day-bomb-on-orin-hatch-for-his-lack-of-integrity-unquenchable-thirst-for-power/).

https://www.rawstory.com/2017/12/reading-is-fundamental-orrin-hatch-ridiculed-for-thanking-utah-paper-that-attacked-his-unquenchable-thirst-for-power/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29

[boutons_deux]

Groveling Obsequious Poltroons
http://www.nationalmemo.com/wp-content/uploads/2017/12/danzcolorplus8650-668x501.jpg