View Full Version : Repug tax cut
boutons_deux
12-30-2017, 01:23 PM
If their LIPS are moving, they are LYING
Republican cites ‘Obamaphones’ to defend tax giveaway to the rich — and then gets cut down to size
Bauer — who served as South Carolina’s :lol lieutenant governor until 2011 — discussed the GOP tax plan, and
said Democrats need to work with Republicans :lol
I’ve never seen so many budget hawks in all of my life when
Obama was giving out phones,
cash for clunkers, continued
to give away $8 trillion :lol WTF? :lol and
now the $1 trillion that’s really not going to happen.” :lol
https://www.rawstory.com/2017/12/watch-republican-cites-obamaphones-to-defend-tax-giveaway-to-the-rich-and-then-gets-cut-down-to-size/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29
Repugs just know and depend on that their supporters and Spurtstalkers are gullible, ignorant, stupid motherfuckers.
St Ronnie the Diseased Useful Idiot started giving away Obamaphones ... in 1984. :lol
boutons_deux
12-31-2017, 02:07 PM
Trump budget director: Feeding elderly and children has to end, it's not 'showing any results' (https://www.dailykos.com/stories/2017/3/16/1644266/-Trump-budget-director-Feeding-elderly-and-children-has-to-end-it-s-not-showing-any-results)
Donald Trump's budget cuts Meals on Wheels and after-school nutrition programs because those programs "aren't showing any results."
We can't do that anymore.
We can't spend money on programs just because they sound good.
Meals on Wheels sounds great. […] I can't defend that anymore.
We cannot defend that anymore. $20 trillion in debt. :lol
We're going to spend money, we're going to spend a lot of money :lol
but we're not going to spend it on programs that show they deliver the promises we made to people. :lol
As for the school children:
They're supposed to help kids who don't get fed at home get fed so they do better in school.
Guess what? There's no evidence they're actually doing that.
There's no evidence they're helping results, helping kids do better in school, which is what -- when we took your money from you to say, we're going to spend them on after-school program,
we justified it by saying these kids will do better in school and get jobs. We have no proof that's helping.
Goddammit old people and school children! Get out there and get jobs so we know that feeding you is worth our money.
https://www.dailykos.com/stories/2017/3/16/1644266/-Trump-budget-director-Feeding-elderly-and-children-has-to-end-it-s-not-showing-any-results?detail=emailclassic (https://www.dailykos.com/stories/2017/3/16/1644266/-Trump-budget-director-Feeding-elderly-and-children-has-to-end-it-s-not-showing-any-results?detail=emailclassic)
bou, one of the most important things public schools could do to improve education is teach solid, automatic math facts. I know some of you scoff at people swotting, rote memorization and seemingly, mindless repetition (programs like Kumon) but that's what's needed in the elementary ages when the brain is most receptive to memorization and most like a sponge. I feel that in order to impress parents the public schools introduce all this statistics, critical thinking and logic way too early to the detriment of cementing basic math facts, fractions, decimals and percents. I seem so many kids get lost around 5th grade in math - it's sad.
I liken it to the Classical education model and even church (learning bible verses by heart) where the emphasis should be on memorization up until puberty - then you can add in the logical, application stuff in puberty and after. What is the sense of all this critical thinking, reasoning, application when children are very young - they don't have the logic, background or knowledge to reason.
pgardn
12-31-2017, 02:53 PM
bou, one of the most important things public schools could do to improve education is teach solid, automatic math facts. I know some of you scoff at people swotting, rote memorization and seemingly, mindless repetition (programs like Kumon) but that's what's needed in the elementary ages when the brain is most receptive to memorization and most like a sponge. I feel that in order to impress parents the public schools introduce all this statistics, critical thinking and logic way too early to the detriment of cementing basic math facts, fractions, decimals and percents. I seem so many kids get lost around 5th grade in math - it's sad.
I liken it to the Classical education model and even church (learning bible verses by heart) where the emphasis should be on memorization up until puberty - then you can add in the logical, application stuff in puberty and after. What is the sense of all this critical thinking, reasoning, application when children are very young - they don't have the logic, background or knowledge to reason.
Stick to Florida with the large brush.
NISD in San Antonio uses rote memorization exactly how you describe in math.
pgardn
12-31-2017, 03:04 PM
And now we use our public school education to try and determine how the Republicans simplified the Tax Code.
hmmm...
Tax accountants just salivating with the new rules and loop holes, especially with the pass thru stuff. Everyone and their mother is gonna challenge this with a filing. IRS is going to have to pick the most egregious use of this part of the tax code to challenge. Rush, rush, rush and open the flood gates on innovative accounting. Yeah Team.
Stick to Florida with the large brush.
NISD in San Antonio uses rote memorization exactly how you describe in math.
Well, good for whatever NISD stands for. I don't think it's just FL - but Miami-Dade is the 4th largest and Broward (iirc) - 7th largest school districts in the US.
And now we use our public school education to try and determine how the Republicans simplified the Tax Code.
hmmm...
Tax accountants just salivating with the new rules and loop holes, especially with the pass thru stuff. Everyone and their mother is gonna challenge this with a filing. IRS is going to have to pick the most egregious use of this part of the tax code to challenge. Rush, rush, rush and open the flood gates on innovative accounting. Yeah Team.
The majority of middle class (except maybe those in high tax state) will see tax cuts - there'll be no hiding them - no matter what the media tries to sell. Everyone and their mother sounds too broad to me - that will affect much fewer than that. Most likely, the middle class will happily take their higher standard deduction and lower tax rate and still rail at Trump and the repubs about this tax bill.
pgardn
12-31-2017, 03:22 PM
Well, good for whatever NISD stands for. I don't think it's just FL - but Miami-Dade is the 4th largest and Broward (iirc) - 7th largest school districts in the US.
NISD is 12 iirc last look and has not even taken up 50% of its available land. It's huge and growing as fast as any school district in the US. So you are broad brushing. And also absolutely missing the real problem that is very difficult.
boutons_deux
12-31-2017, 03:23 PM
The only arithmetic-by-rote I had was writing out multiplication tables dozens of times. It stuck.
NISD is 12 iirc last look and has not even taken up 50% of its available land. It's huge and growing as fast as any school district in the US. So you are broad brushing. And also absolutely missing the real problem that is very difficult.
What do you think is the real problem that is very difficult?
pgardn
12-31-2017, 03:32 PM
The majority of middle class (except maybe those in high tax state) will see tax cuts - there'll be no hiding them - no matter what the media tries to sell. Everyone and their mother sounds too broad to me - that will affect much fewer than that. Most likely, the middle class will happily take their higher standard deduction and lower tax rate and still rail at Trump and the repubs about this tax bill.
You need to read all the rules for the pass thru rules for small companies. Very large companies AND individuals are going to make hay on this. People will test this part and theIRS will not have the wherewithal to disallow many of the challenges. It's called, finding loopholes. This is what you get with rushed, and sometimes even very well thought out, tax rules.
The promise was not only reduced taxes (accomplished as promised and noted) but simplification. Not even close on the later. And with loopholes the deficit will be reduced? Remains to be seen but seriously, seriously doubtful. Another promise broken.
boutons_deux
12-31-2017, 03:48 PM
jobs won't be created
pay won't rise (real household income has been essentially stagnant since St Ronnie was elected)
unemployment won't fall (Fed intentionally kills jobs by raising interest rates, which it will continue to do in 2018). Increasing interest rates increases wealth of bond holders, wealth financed by taxpayers.
the national debt increase will be much larger than the $1.5T, which is the largest estimate I saw.
Huge Repug tax cuts under St Ronnie and dubya didn't work out as sold with the same lies as we've heard in 2017, and neither will this tax cut.
the oligarchy-enriching tax cut, as purchased by the oligarchy from corrupt Repugs, is a huge con, scam, LIE.
When the annual deficits greatly increase due to stagnant wages, jobs, and reduced tax inflows, Ryan and other assholes will screw $100Bs out of Medicare, Medicaid, Social Security.
All that has been accomplished is that the economy is even more rigged for the oligarchy at the expense of the non-oligarchy.
It's a more severe class warfare, looting America and Americans, concentrating/distributing wealth from the bottom to the top.
All the new wealth of any GDP increase will go to the top 10% or even 5%, just as it has since 2009.
pgardn
12-31-2017, 03:55 PM
What do you think is the real problem that is very difficult?
Well we need to do this again. Which I have explained to you way back as well as to parents who send their kids to one of the best Classical Christian school in Texas located in Boerne. This is a fantastic school. And not just a Classical school in name, this school is very rigorous, Top notch. I work closely with dad occasionally and have tutored their kid in Physics I AP. I also volunteer atNISD in the summer programs. Have friends that are teachers.
Bottom line is, if we could make more parents and socioeconomic situations like you illustrate, education would be absolutely easy. Basically because, and this is important to fully understand, that the public schools mimic the socioeconomic situation of the surroundings. This includes PARENTS. If you have parents, who have never benefited from education, from a broken family, that can barely make ends meet, good luck with the heirarchy of needs. They are just trying to survive. Education does not directly feed and provide cover from the elements.
I have seen seen the dichotomy in one school district in Texas. Jay HS, with parents and students living in shacks, severely underperform compared to Health Career HS in the same district. HCHS is a top notch public school in the nation. The parents have the time and sometimes the money to care. THEY ENTER A LOTTERY TO GET IN. They participate fully in the child's education. At Jay during parents night? What? They are working and can't come? Then you have Brandies HS with very educated parents and is top notch as well. No lottery, but socioeconomically upper level. Parents night, loaded, parents parking in neighborhood streets with overflow. SA cops have to PAID TO direct traffic.
The solution... well... you tell me.
Now Boutons will explain how bad my takes are so he does not have to volunteer his time.
ducks
12-31-2017, 04:48 PM
CBS did tax study helped all three people and they are anti trump
ducks
12-31-2017, 04:50 PM
jobs won't be created
pay won't rise (real household income has been essentially stagnant since St Ronnie was elected)
unemployment won't fall (Fed intentionally kills jobs by raising interest rates, which it will continue to do in 2018). Increasing interest rates increases wealth of bond holders, wealth financed by taxpayers.
the national debt increase will be much larger than the $1.5T, which is the largest estimate I saw.
Huge Repug tax cuts under St Ronnie and dubya didn't work out as sold with the same lies as we've heard in 2017, and neither will this tax cut.
the oligarchy-enriching tax cut, as purchased by the oligarchy from corrupt Repugs, is a huge con, scam, LIE.
When the annual deficits greatly increase due to stagnant wages, jobs, and reduced tax inflows, Ryan and other assholes will screw $100Bs out of Medicare, Medicaid, Social Security.
All that has been accomplished is that the economy is even more rigged for the oligarchy at the expense of the non-oligarchy.
It's a more severe class warfare, looting America and Americans, concentrating/distributing wealth from the bottom to the top.
All the new wealth of any GDP increase will go to the top 10% or even 5%, just as it has since 2009.
Did you say the stock market would crash win trump got elected?
Trump created more jobs already then former president even when he was talking to people to get things done on golf courae
Splits
12-31-2017, 05:48 PM
bou, one of the most important things public schools could do to improve education is teach solid, automatic math facts. I know some of you scoff at people swotting, rote memorization and seemingly, mindless repetition (programs like Kumon) but that's what's needed in the elementary ages when the brain is most receptive to memorization and most like a sponge. I feel that in order to impress parents the public schools introduce all this statistics, critical thinking and logic way too early to the detriment of cementing basic math facts, fractions, decimals and percents. I seem so many kids get lost around 5th grade in math - it's sad.
Just because your gene-defunct kids were too stupid to keep up doesn't make it "sad".
Just because your gene-defunct kids were too stupid to keep up doesn't make it "sad".
I was not referring to my kids, Splits. My kids know their math very well - it's one of the main reasons I homeschooled - didn't trust the public schools with that (among other things).
pgardn
12-31-2017, 07:15 PM
I was not referring to my kids, Splits. My kids know their math very well - it's one of the main reasons I homeschooled - didn't trust the public schools with that (among other things).
Personally I have absolutely no problem with this if your area does not have good education.
I know the kids in my neighborhood wanted to all get one incredibly good 5th grade teacher who excelled at teaching math. I asked their parents to tell me why and if I could see what she was doing and it was quite amazing. Now I know why this teachers kids were in calculus at the HS. I would never have thought of using some of her methods. But of course I'm not trained.
And so it goes. Interested parents, kids heavily involved, good teachers see fertile fields, the US still leads the world in Science and math. Even though we don't shunt the kids to trade school in MS. And we continue to innovate better than any other country. It will come to an end with the disappearance of the middle class and not taking advantage of what every ethnic group has to offer IMO. I see American HS with AP classes and Universities still doing something right.
Just gotta draw from the entire pond available to us.
Well we need to do this again. Which I have explained to you way back as well as to parents who send their kids to one of the best Classical Christian school in Texas located in Boerne. This is a fantastic school. And not just a Classical school in name, this school is very rigorous, Top notch. I work closely with dad occasionally and have tutored their kid in Physics I AP. I also volunteer atNISD in the summer programs. Have friends that are teachers.
Bottom line is, if we could make more parents and socioeconomic situations like you illustrate, education would be absolutely easy. Basically because, and this is important to fully understand, that the public schools mimic the socioeconomic situation of the surroundings. This includes PARENTS. If you have parents, who have never benefited from education, from a broken family, that can barely make ends meet, good luck with the heirarchy of needs. They are just trying to survive. Education does not directly feed and provide cover from the elements.
I have seen seen the dichotomy in one school district in Texas. Jay HS, with parents and students living in shacks, severely underperform compared to Health Career HS in the same district. HCHS is a top notch public school in the nation. The parents have the time and sometimes the money to care. THEY ENTER A LOTTERY TO GET IN. They participate fully in the child's education. At Jay during parents night? What? They are working and can't come? Then you have Brandies HS with very educated parents and is top notch as well. No lottery, but socioeconomically upper level. Parents night, loaded, parents parking in neighborhood streets with overflow. SA cops have to PAID TO direct traffic.
The solution... well... you tell me.
Now Boutons will explain how bad my takes are so he does not have to volunteer his time.
Of course, I agree that parental involvement is very important in any child's life/education. But it is not all on parental involvement - I see parents who participate, who go to Open House, school functions, help with fundraising, etc. and their kids still get lost in math. Maybe it's the teachers themselves. In elementary grades at my local school, the teacher teaches almost all academic subjects (except PE, art/music) - instead of specialized subjects like in middle and high schools. How many of the teachers know their math well enough to teach mastery in math at 5th grade level - aren't they mostly education majors who teach elementary schools - not math majors. Imo, that's where kids are getting lost - long before Algebra.
I remember some article we discussed here a long time ago about a principal in a low-income area who had great success turning around her school and one of the things she did was to test her teachers in math a few years ABOVE the grade they were intending to teach (before hiring them). Here in Miami Dade, magnet schools are purposefully placed in not great neighborhoods in the hopes of attracting local kids and lifting their standard of education but even with the close proximity, parents fail to take that extra step to apply into those programs/classes. IMO, it's not so much the socioeconomic situation of the parents but their EXPECTATIONS. Poor, uneducated parents can have kids who succeed academically - even if they themselves can't help their kids, they can emphasize/push kids getting a good education. In the end, though, the ultimate responsibility rests on the student to seek out help - after-school tutoring, internet, Khan Academy, etc. - but they'll only do that if they recognize that education is the way out of poverty (and even that isn't a given these days).
Personally I have absolutely no problem with this if your area does not have good education.
I know the kids in my neighborhood wanted to all get one incredibly good 5th grade teacher who excelled at teaching math. I asked their parents to tell me why and if I could see what she was doing and it was quite amazing. Now I know why this teachers kids were in calculus at the HS. I would never have thought of using some of her methods. But of course I'm not trained.
And so it goes. Interested parents, kids heavily involved, good teachers see fertile fields, the US still leads the world in Science and math. Even though we don't shunt the kids to trade school in MS. And we continue to innovate better than any other country. It will come to an end with the disappearance of the middle class and not taking advantage of what every ethnic group has to offer IMO. I see American HS with AP classes and Universities still doing something right.
Just gotta draw from the entire pond available to us.
Actually, my local school has been rated A+ for many years - but I still don't trust them with math up to (and including) Algebra - I'd rather teach them myself (and did).
When you say the US still leads the world in Science and Math - it seems to me that US universities are leading the way with FOREIGN students - not necessarily with Americans. Take a look at your university's graduate program pics/background - seems like majority of foreigners at UF's Mechanical Engineering department. At Google, the PHDs are mostly Indian/Asians while the American-borns are the software engineers with BS degrees.
pgardn
12-31-2017, 08:25 PM
Actually, my local school has been rated A+ for many years - but I still don't trust them with math up to (and including) Algebra - I'd rather teach them myself (and did).
When you say the US still leads the world in Science and Math - it seems to me that US universities are leading the way with FOREIGN students - not necessarily with Americans. Take a look at your university's graduate program pics/background - seems like majority of foreigners at UF's Mechanical Engineering department. At Google, the PHDs are mostly Indian/Asians while the American-borns are the software engineers with BS degrees.
Yeah well many those are my cohorts a "few" years back, the science guys and gals. They are largely Americans with faces of color and religions possibly different from yours. Computer science, I can't say. But seeing as the 21st century is the world of life science, I'm glad they are Americans. And no country is better at Science than the US. Hands down our ball.
And cool for you. I should give you an algebra quiz. I personally would not teach my kids Shakespeare or AP government. But if you are equipped for all subjects have a go.
pgardn
12-31-2017, 08:42 PM
Of course, I agree that parental involvement is very important in any child's life/education. But it is not all on parental involvement - I see parents who participate, who go to Open House, school functions, help with fundraising, etc. and their kids still get lost in math. Maybe it's the teachers themselves. In elementary grades at my local school, the teacher teaches almost all academic subjects (except PE, art/music) - instead of specialized subjects like in middle and high schools. How many of the teachers know their math well enough to teach mastery in math at 5th grade level - aren't they mostly education majors who teach elementary schools - not math majors. Imo, that's where kids are getting lost - long before Algebra.
I remember some article we discussed here a long time ago about a principal in a low-income area who had great success turning around her school and one of the things she did was to test her teachers in math a few years ABOVE the grade they were intending to teach (before hiring them). Here in Miami Dade, magnet schools are purposefully placed in not great neighborhoods in the hopes of attracting local kids and lifting their standard of education but even with the close proximity, parents fail to take that extra step to apply into those programs/classes. IMO, it's not so much the socioeconomic situation of the parents but their EXPECTATIONS. Poor, uneducated parents can have kids who succeed academically - even if they themselves can't help their kids, they can emphasize/push kids getting a good education. In the end, though, the ultimate responsibility rests on the student to seek out help - after-school tutoring, internet, Khan Academy, etc. - but they'll only do that if they recognize that education is the way out of poverty (and even that isn't a given these days).
The parents with low expectations are characteristically those that did not benefit or see no benefit from an education.
Ask yourself why this happens. You can ease it off as pure lazy, that's easy. I think it has more to do with the parents own experience. We can always point out exceptions, the kid who goes way beyond addict parents, or the rich kid who fails due to parents caring more about their own fun than the kid. "We will pay for the beer party, just leave this house in good shape while we are in Mexico"
But overall, the socioeconomics of the surroundings deeply affect the types of students and teachers and teaching at that school. If you can't see the correlation, I can't help you understand what I see as obvious. And very difficult.
Splits
12-31-2017, 09:03 PM
Of course, I agree that parental involvement is very important in any child's life/education. But it is not all on parental involvement - I see parents who participate, who go to Open House, school functions, help with fundraising, etc. and their kids still get lost in math.
Why is your dumb stalker ass showing up at Open House when you fucking h:lolmesch:lol:loll your retards?
Why is your dumb stalker ass showing up at Open House when you fucking h:lolmesch:lol:loll your retards?
I sent them off to high school in 9th grade and they are of different ages so at some time I was homeschooling the younger one(s) while the other(s) were in public school - it's not all or nothing - can be mixed. I'm not stuck only on homeschooling - I used public, private, virtual, online, after-school Spanish program, part-time in addition to homeschooling - to suit each child at different stages.
dabom
12-31-2017, 10:13 PM
Teaching is mostly a home problem. If the parents don't actively engage in supporting kids, no teacher is gonna be able to move these kids. It doesn't even have to be teaching your kids. Just being engaged with their kids is enough. This is not all kids but the majority.
Spurtacular
12-31-2017, 11:37 PM
Teaching is mostly a home problem. If the parents don't actively engage in supporting kids, no teacher is gonna be able to move these kids. It doesn't even have to be teaching your kids. Just being engaged with their kids is enough. This is not all kids but the majority.
https://us-east-1.tchyn.io/snopes-production/uploads/2016/02/takes-a-village-quote.jpg
https://us-east-1.tchyn.io/snopes-production/uploads/2016/02/takes-a-village-quote.jpg
I wonder how many liberals can say with a straight face that they believe that quote from Hillary. That quote is the problem - and one wonders why I chose to homeschool my kids - local school's A+ rating notwithstanding.
Spurtacular
01-01-2018, 12:24 AM
I wonder how many liberals can say with a straight face that they believe that quote from Hillary. That quote is the problem - and one wonders why I chose to homeschool my kids - local school's A+ rating notwithstanding.
https://www.washingtontimes.com/news/2016/sep/15/hillary-clinton-believes-state-can-raise-children-/
boutons_deux
01-01-2018, 12:30 AM
I wonder how many liberals can say with a straight face that they believe that quote from Hillary. That quote is the problem - and one wonders why I chose to homeschool my kids - local school's A+ rating notwithstanding.
without reliable economic comfort, education has little change of making a difference.
kids in poverty at home, in their neighborhoods, in their under-resourced schools are denied equality of opportunity.
economic/social mobility in USA is worse than Europe's because Europe has better economic equality.
In USA, born poor means living and dying poor.
USA capitalism grinds the poor down into lifelong poverty and denial of opportunity. Repugs will make that undeniably, screamingly evident in 2018.
Hillary's quote could be interpreted to mean the state For The People should assure than everybody has an opportunity to succeed.
without reliable economic comfort, education has little change of making a difference.
kids in poverty at home, in their neighborhoods, in their under-resourced schools are denied equality of opportunity.
economic/social mobility in USA is worse than Europe's because Europe has better economic equality.
In USA, born poor means living and dying poor.
USA capitalism grinds the poor down into lifelong poverty and denial of opportunity. Repugs will make that undeniably, screamingly evident in 2018.
Hillary's quote could be interpreted to mean the state For The People should assure than everybody has an opportunity to succeed.
That Hillary quote doesn't apply only to the poor and unfortunate - it says that the PRIMARY role of the state is to teach, train and raise children. She would have even good parents abdicate their right to raise their children as they see fit - for the state to take over our children and future - for the government to be in charge of our most precious resource. Seeing how you rail at how CORRUPT our government is - do you really believe that these corrupt people want everybody to have an opportunity to succeed? The whole concept of this corrupt government having total control of our children should be VERY SCARY. They would then indoctrinate them with the purpose to be forever in power.
dabom
01-01-2018, 05:18 AM
That Hillary quote doesn't apply only to the poor and unfortunate - it says that the PRIMARY role of the state is to teach, train and raise children. She would have even good parents abdicate their right to raise their children as they see fit - for the state to take over our children and future - for the government to be in charge of our most precious resource. Seeing how you rail at how CORRUPT our government is - do you really believe that these corrupt people want everybody to have an opportunity to succeed? The whole concept of this corrupt government having total control of our children should be VERY SCARY. They would then indoctrinate them with the purpose to be forever in power.
Schools teach more than parents during school life. She is correct. And she never abdicated total control like you are fucking assuming. :lol
Where in there does she say that? :lol
dabom
01-01-2018, 05:20 AM
Repugs. Always arguing some dumb shit no one actually said. :lol
pgardn
01-01-2018, 07:52 AM
I wonder how many liberals can say with a straight face that they believe that quote from Hillary. That quote is the problem - and one wonders why I chose to homeschool my kids - local school's A+ rating notwithstanding.
Of course I believe it because it's very true for some families. They get fed, looked after, and in some cases it's the safest place to be. So there is a slight chance they might wander into a class where something sticks. But there is no way in hell this is how it should be.
And an A+ rating means nada unless you look at how the schools are rated. Look up Heath Careers HS in San Antonio, Texas. I can tell you why the rating is so high, and why it's really a false rating. And this is Texas mind you, way down at the end in spending on public schools per student compared to other states. Also it's not Dallas Highland Park, it's San Antonio.
spurraider21
01-02-2018, 11:23 AM
https://us-east-1.tchyn.io/snopes-production/uploads/2016/02/takes-a-village-quote.jpg
That is a fake quote. Entirely fabricated.
It’s hilariously how much bullshit you have to generate to make a point.
Also, *ding*
spurraider21
01-02-2018, 11:24 AM
Repugs. Always arguing some dumb shit no one actually said. :lol
Literally. It’s a fabricated quote
Spurtacular
01-02-2018, 11:32 AM
:cry Don't mention muh failed candidate :cry
*ding*
Pavlov
01-02-2018, 11:36 AM
:lmao Spurtacular falls for another fake quote.
dabom
01-02-2018, 12:04 PM
Literally. It’s a fabricated quote
:lol
We're gonna have to ask for sources from every fucking pic quote now. :lol
Spurminator
01-02-2018, 12:07 PM
"Straight white men should have their testicles castrated and fed to the poor."
- Hillary Clinton, Feminazi and Proud
spurraider21
01-02-2018, 01:44 PM
seriously, what does it say about your position if your arguments always seem to require you making up "facts"?
spurraider21
01-02-2018, 01:45 PM
https://us-east-1.tchyn.io/snopes-production/uploads/2016/02/takes-a-village-quote.jpg
:lmao best part about this is the image URL leads to the snopes address where this bullshit was first exposed
pgardn
01-02-2018, 03:21 PM
:lmao best part about this is the image URL leads to the snopes address where this bullshit was first exposed
The Spurter doing Spurter things...
Spurtacular
01-02-2018, 08:57 PM
Snowflakes are triggered. Hillary has exemplified the quote whether it is accurate or not.
Spurtacular
01-02-2018, 08:59 PM
Snowflakes are triggered. Hillary has exemplified the quote whether it is accurate or not.
Well, she exemplified it in some significant degree for her white privilege daughter, anyways. Bubba's black baby was sent back to the plantation; one drop rule n' all.
spurraider21
01-02-2018, 09:07 PM
Well, she exemplified it in some significant degree for her white privilege daughter, anyways. Bubba's black baby was sent back to the plantation; one drop rule n' all.
way to edit your qoute from saying "whether its accurate or not"
but for you... par for the course. you don't give a shit about facts or reality
As to Chris's stat, even if it is exaggerated, it doesn't mean that the issue is insubstantial.
translation: it doesnt matter if my argument relies on made up facts. i'm right damnit!
Spurtacular
01-02-2018, 09:15 PM
way to edit your qoute from saying "whether its accurate or not"
but for you... par for the course. you don't give a shit about facts or reality
translation: it doesnt matter if my argument relies on made up facts. i'm right damnit!
I edited the entire quote, not merely a phrase, chump lite.
The truth is in the case of Hillary the accuracy is of very little relevance; she has stole more from the public than any other figure. It is not I who should be defensive. You're the cuck that is with with her.
Cut? What cut?
The tax bill is the holocaust.
Pavlov
01-04-2018, 03:51 PM
I edited the entire quote, not merely a phrase, chump lite.
The truth is in the case of Hillary the accuracy is of very little relevance; she has stole more from the public than any other figure. It is not I who should be defensive. You're the cuck that is with with her.Why are you so happy with lies?
Spurtacular
01-04-2018, 07:47 PM
Why are you so happy with lies?
I'm not with her. You're the one bleeding out of your wherever.
boutons_deux
01-29-2018, 07:13 AM
Capital throws a few one crumbs, bonuses, to sucker Labor into ignorant, silent compliance,
while Labor has its workplace, air, water, soil polluted via "deregulation", while
GOP Tax Plan Hides Trillions In Sweetheart Deals For Apple And Other Multinationals
The superficial story that the mainstream media covered: multinational companies like Apple will pay taxes on profits they earned in America, but stashed offshore to delay payment.
The real story is that these companies get layers of new tax breaks on profits they shipped overseas without paying any corporate income tax.
When companies siphon profits out of the country they obtain, in effect, loans from Uncle Sam at zero interest. The loan is the amount of tax not paid.
Profits earned by domestic American companies are subject to a 35 percent tax. Profits that are technically–and we do mean technically–shipped offshore are taxed at a rate of zero unless and until the profits are returned to the United States.
Instead of paying a 35 percent tax on profits it earned in years past and sent offshore as interest-free loans from Uncle Sam, Apple will pay only a 15 percent tax. Some companies will pay less than 10%.
What you likely haven’t read before is that Apple and the other multinationals get eight years to pay their much-reduced tax bills. Imagine if Congress said you could pay your 2017 income taxes in installments, with no interest charge, over eight years. Sweet deal.
Apple’s reduced tax payments are backloaded. They pay a little this year and delay a big chunk until 2025.
Apple and others will pay only eight percent of the tax bill this year on profits they have earned over decades and then stashed–untaxed–in accounts overseas.
Those profits, by the way, are actually here in America, but the address on the tax deferral account is overseas, a profitable financial game Congress allows under President Reagan’s 1986 Tax Reform Act. You don’t get that deal because you are a human being, not a multinational corporation.
Not until 2025 will Apple pay the last one-fourth of the reduced tax bill it owes on profits from years past. Sweet deal,
Because of inflation and the opportunity to invest money to earn investment income, each dollar of tax paid in future years is worth less than a dollar paid this year.
what will be the real tax rate Apple will pay by these standard measures? Between negative 0.5 percent and two percent.
while Apple and other big multinationals got to defer past taxes and now get to defer them for years more, your taxes come out of your paycheck before you get your money.
have you asked Trump, your senator, or your congressperson to loan you the income taxes that are taken out of your paycheck so you can get these loans at zero percent interest?
And did you then ask them to cut your tax rate by more than half and spread your actual payments out until 2025?
Apple and other multinationals get the tax savings and investment income, you get stuck with the bill.
Even applying the less than two percent annual return on investment Jim used, the hard math shows Apple will offset half of its final tax payment with investment earnings.
Use the return on capital that Apple tells shareholders, the company’s cost of capital is 9.6 percent. Apple will turn a huge profit on the delay in paying the taxes it has already delayed paying for years.
http://www.nationalmemo.com/gop-tax-plan-hides-trillions-sweetheart-deals-apple-multinationals/
Apple is the example, but ALL US multi-nationals will do the same, BigPharma, Boeing, John Deere, etc, and BigFinance will also figure out how to play.
Even if Dems take Congress and the WH, they won't be able to stop, and certainly not reverse, the oligarchy's financial coup d'etat
America is fucked and unfuckable.
CosmicCowboy
01-29-2018, 10:48 AM
By boukakis logic, since we dont tax corporations at 100% we are just loaning them the money to stay in business.
spurraider21
01-29-2018, 11:12 AM
By boukakis logic, since we dont tax corporations at 100% we are just loaning them the money to stay in business.
No. His gripe is their effective tax rate is significantly lower than the corporate tax rate... and that they basically decide when they feel like paying taxes
Profits earned by domestic American companies are subject to a 35 percent tax. Profits that are technically–and we do mean technically–shipped offshore are taxed at a rate of zero unless and until the profits are returned to the United States.
Instead of paying a 35 percent tax on profits it earned in years past and sent offshore as interest-free loans from Uncle Sam, Apple will pay only a 15 percent tax. Some companies will pay less than 10%.
Spurminator
01-30-2018, 03:51 PM
958403595182931968
958403595182931968
All that publicity may give the impression that everyone is sharing in the tax cut windfall, but that isn't the case. In a recent survey by Willis Towers Watson, just 7 percent of employers said they increased pay for all employees or plan to do so this year. Eighty percent of respondents said they're weren't even considering raising wages as a result of the Tax Cuts and Jobs Act.
Where exactly in this recent survey by Willis Towers Watson does it say that? This is what the recent survey links to:
Tax law fueling changes to employer benefits and compensation programs, Willis Towers Watson survey finds
Expanded personal financial planning and increased 401(k) contributions among most considered changes to benefit programs
ARLINGTON, VA, January 25, 2018 — The new tax reform law is fueling changes to corporate America’s employee benefits, compensation, total rewards and executive pay programs, according to a survey by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company. The survey of 333 large and midsize employers reveals nearly half (49%) of the respondents are considering making a change to at least one of these programs this year or next.
“The tax reform law is creating economic opportunity to invest in their people programs,” said John Bremen, managing director, human capital and benefits, Willis Towers Watson. “While a significant number have already announced changes to some of their programs, the majority of employers are proceeding to determine which changes will have the highest impact and generate the greatest value.”
Two-thirds of those (66%) surveyed are planning or considering making changes to their benefit programs or have already taken action. The most common changes organizations have made or are planning or considering include expanding personal financial planning (34%), increasing 401(k) contributions (26%) and increasing or accelerating pension plan contributions (19%). Other potential changes include increasing the employer health care subsidy, reducing or holding flat the employee payroll deduction, or adding a new paid family leave program in accordance with the Family Medical and Leave Act's tax credit available for paid leave for certain employees.
Sixty-four percent of employers are planning or considering taking action on their broad-based compensation programs, or have already taken action. The most common changes organizations have made or are planning or considering include conducting a review of their compensation philosophy (43%), addressing pay-gap issues (36%) and introducing a profit-sharing or one-time bonus payout to all employees (21%).
About four in 10 companies (41%) are also planning or considering changes to their executive pay programs, or have already taken action. The most common changes employers have made or are planning or considering including spending more time and analysis on this year’s incentive target (33%) and increasing the use of discretion in 2018 incentive plans (19%).
“The results of our survey, coupled with the actions taken by some large employers over the past few weeks, suggest that investing in their people remains a top priority. We fully expect most organizations will take the time to thoughtfully evaluate the impact of the tax law on their organization and then make changes that support their specific business strategy,” said Kathy Walgamuth, director, communication and change management, Willis Towers Watson. “The tax law and subsequent company announcements have made headlines, so employees may already have established their own set of expectations. Wherever an organization lands, even if the decision is made to not take any direct action for employees, it’s essential for them to consider the need to communicate and address employee questions.”
About the survey
Willis Towers Watson surveyed 333 large and midsize U.S. companies to determine their plans to invest savings resulting from the change in the corporate tax rate under the tax reform law. The survey was conducted between January 10 and 17.
https://www.willistowerswatson.com/en/press/2018/01/tax-law-fueling-changes-to-employer-benefits-and-compensation-programs
The article seems very complimentary to the tax cuts - maybe I'm reading wrong and you can correct me.
Chris
01-30-2018, 05:52 PM
lol Spurminator with the fake news
rmt with the goods per par
Spurminator
01-30-2018, 05:55 PM
All that publicity may give the impression that everyone is sharing in the tax cut windfall, but that isn't the case. In a recent survey by Willis Towers Watson, just 7 percent of employers said they increased pay for all employees or plan to do so this year. Eighty percent of respondents said they're weren't even considering raising wages as a result of the Tax Cuts and Jobs Act.
Where exactly in this recent survey by Willis Towers Watson does it say that? This is what the recent survey links to:
ARLINGTON, VA, January 25, 2018 — The new tax reform law is fueling changes to corporate America’s employee benefits, compensation, total rewards and executive pay programs, according to a survey by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company. The survey of 333 large and midsize employers reveals nearly half (49%) of the respondents are considering making a change to at least one of these programs this year or next.
“The tax reform law is creating economic opportunity to invest in their people programs,” said John Bremen, managing director, human capital and benefits, Willis Towers Watson. “While a significant number have already announced changes to some of their programs, the majority of employers are proceeding to determine which changes will have the highest impact and generate the greatest value.”
Two-thirds of those (66%) surveyed are planning or considering making changes to their benefit programs or have already taken action. The most common changes organizations have made or are planning or considering include expanding personal financial planning (34%), increasing 401(k) contributions (26%) and increasing or accelerating pension plan contributions (19%). Other potential changes include increasing the employer health care subsidy, reducing or holding flat the employee payroll deduction, or adding a new paid family leave program in accordance with the Family Medical and Leave Act's tax credit available for paid leave for certain employees.
Sixty-four percent of employers are planning or considering taking action on their broad-based compensation programs, or have already taken action. The most common changes organizations have made or are planning or considering include conducting a review of their compensation philosophy (43%), addressing pay-gap issues (36%) and introducing a profit-sharing or one-time bonus payout to all employees (21%).
About four in 10 companies (41%) are also planning or considering changes to their executive pay programs, or have already taken action. The most common changes employers have made or are planning or considering including spending more time and analysis on this year’s incentive target (33%) and increasing the use of discretion in 2018 incentive plans (19%).
“The results of our survey, coupled with the actions taken by some large employers over the past few weeks, suggest that investing in their people remains a top priority. We fully expect most organizations will take the time to thoughtfully evaluate the impact of the tax law on their organization and then make changes that support their specific business strategy,” said Kathy Walgamuth, director, communication and change management, Willis Towers Watson. “The tax law and subsequent company announcements have made headlines, so employees may already have established their own set of expectations. Wherever an organization lands, even if the decision is made to not take any direct action for employees, it’s essential for them to consider the need to communicate and address employee questions.”
About the survey
Willis Towers Watson surveyed 333 large and midsize U.S. companies to determine their plans to invest savings resulting from the change in the corporate tax rate under the tax reform law. The survey was conducted between January 10 and 17.
https://www.willistowerswatson.com/en/press/2018/01/tax-law-fueling-changes-to-employer-benefits-and-compensation-programs
The article seems very complimentary to the tax cuts - maybe I'm reading wrong and you can correct me.
That is a press release by Willis Towers Watson, that's not the survey. The DMN is referring to the survey and likely has the raw data.
That is a press release by Willis Towers Watson, that's not the survey. The DMN is referring to the survey and likely has the raw data.
I fail to see how they could have raw data that indicates "7 percent of employers said they increased pay for all employees or plan to do so this year. Eighty percent of respondents said they're weren't even considering raising wages as a result of the Tax Cuts and Jobs Act." in TOTAL CONTRADICTION to their press release. DMN should not be printing such data and LINKING to such a complimentary press release - they should link to that raw data so we can judge for ourselves. And including words like "all" can change meaning.
Spurminator
01-30-2018, 06:05 PM
I fail to see how they could have raw data that indicates "7 percent of employers said they increased pay for all employees or plan to do so this year. Eighty percent of respondents said they're weren't even considering raising wages as a result of the Tax Cuts and Jobs Act." in TOTAL CONTRADICTION to their press release. DMN should not be printing such data and LINKING to such a complimentary press release - they should link to that raw data so we can judge for ourselves.
So in the absence of the survey itself, you feel it's safer to assume that the Dallas Morning News (a conservative paper) has published invented statistics, and not that they are reporting on elements of the survey that the press release didn't mention.
There is no direct contradiction between the press release and the DMN article.
So in the absence of the survey itself, you feel it's safer to assume that the Dallas Morning News (a conservative paper) has published invented statistics, and not that they are reporting on elements of the survey that the press release didn't mention.
There is no direct contradiction between the press release and the DMN article.
As I added to my previous post, adding words like "all" can change meeting eg. that 7% stat could also include employers who increased pay for all BUT say the CEO or the C-level employees. My point is they provided a link to a survey that was very complimentary to the tax cut - not supporting their 7% and 80% stats.
hitmanyr2k
02-03-2018, 06:14 PM
Paul Ryan with a stupid unforced error. What the hell was he thinking? Who touts a 1.50 a week pay raise on Twitter? :lol
https://www.cnn.com/2018/02/03/politics/paul-ryan-tweet-tax-cut-backlash/index.html
dabom
02-03-2018, 06:29 PM
Paul Ryan with a stupid unforced error. What the hell was he thinking? Who touts a 1.50 a week pay raise on Twitter? :lol
https://www.cnn.com/2018/02/03/politics/paul-ryan-tweet-tax-cut-backlash/index.html
I was like 1.50 an hour? That's good. Decent. Then I reread it with per week. :lmao
Not that I would be touting a $1.50 a week pay raise BUT that Costco membership will save her considerable amount in a year. The savings alone on gas is worth the Costco membership - 4% off Costco's already low gas prices (up to $7k), good quality at low prices and let us not forget - available gas and water during hurricanes when NOBODY else has them - priceless if you ask me - kudos to Costco.
dabom
02-03-2018, 06:54 PM
Not that I would be touting a $1.50 a week pay raise BUT that Costco membership will save her considerable amount in a year. The savings alone on gas is worth the Costco membership - 4% off Costco's already low gas prices (up to $7k), good quality at low prices and let us not forget - available gas and water during hurricanes when NOBODY else has them - priceless if you ask me - kudos to Costco.
I'm pretty sure she could afford the membership. She's just stating what those savings can be used on. Not to mention all the other programs that are being cut to make wave for this corporations tax cut.
I'm surprised that no one's brought up the question of: Who saw more money in their last paycheck?
boutons_deux
02-04-2018, 04:41 PM
I'm surprised that no one's brought up the question of: Who saw more money in their last paycheck?
Something less that 2% of companies are giving ONE-TIME bonuses ostensibly because of the tax cut, and even fewer are giving permanent raises.
the oligarchy tax plan is like the central Communist party 5-year plans, except in the USA, it's a 10-year tax plan from the central Capitalist oligarchy party
Something less that 2% of companies are giving ONE-TIME bonuses ostensibly because of the tax cut, and even fewer are giving permanent raises.
the oligarchy tax plan is like the central Communist party 5-year plans, except in the USA, it's a 10-year tax plan from the central Capitalist oligarchy party
I don't care whether it's from bonuses or raises or tax cut. Bottom line: who has more money in their pocket/bank account?
CosmicCowboy
02-04-2018, 06:58 PM
When I signed checks this week with the new tax tables it looked like take home checks were around $50 a week more.
boutons_deux
02-05-2018, 07:36 AM
The $1.3 trillion tax increase Trump announced in his State of the Union speech (https://www.dailykos.com/stories/2018/2/4/1737764/-The-1-3-trillion-tax-increase-Trump-announced-in-his-State-of-the-Union-speech)
Trump administration wants to spend $1.5 trillion on America’s infrastructure (https://www.whitehouse.gov/briefings-statements/president-donald-j-trump-will-rebuild-american-infrastructure-forge-path-towards-greater-prosperity/).
Here’s how Trump plans to make you pay for it.
In the State of the Union speech this week, President Trump announced:
Tonight, I am calling on the Congress to produce a bill that generates at least $1.5 trillion for the new infrastructure investment we need.
On the surface this sounds like he wants Congress to authorize $1.5 in infrastructure investment. Notice the curious turn of phrase though “a bill that generates $1.5 trillion.”
He doesn’t explain this term in detail, but he does say:
Every Federal dollar should be leveraged by partnering with State and local governments and, where appropriate, tapping into private sector investment -- to permanently fix the infrastructure deficit.
This means the Trump plan is looking for the difference—a whopping $1.3 trillion—from:
State governments
Local governments
The private sector
How do these entities operate?
State and local governments
The two most common ways for state and local governments to raise money is through tax increases or by taking on more debt by issuing bonds.
State governments could raise state income taxes, state sales taxes, sin taxes, estate taxes, luxury taxes, or corporate taxes.
We know they won’t raise any taxes on the wealthy or corporations, because these groups have enough lobbying power to prevent it.
This means any of that $1.3 trillion that comes from local or state governments could come from tax increases on the 99 percent.
This means that the private sector will expect to make more than any part of that $1.3 trillion they invest back in return for their investment. For example, if the private sector invests $800 billion, they will want that $800 billion back plus a hefty profit on top of that $800 billion.
Wait … So you’re saying that it’s now going to cost more than $1.3 trillion?
If it’s through the private sector, yes. It will be $1.3 trillion plus the profit that the investors expect.
Once they sell the infrastructure to private investors, said private investors will turn around and charge the public fees or tolls (http://thehill.com/policy/transportation/infrastructure/370151-leaked-draft-outlines-trump-infrastructure-plan).
In Virginia, two private companies, Macquarie and Skanska, hold tolling rights for the tunnels in Hampton Roads until the year 2070. Macquarie has been criticized for sending invoices of up to $18,000 to low-income drivers (https://pilotonline.com/news/government/virginia/article_978fab8e-1458-5ba4-8020-7c19ee7ce8c7.html).
By definition, these fees/tolls will be more than the original investment so that the investors can turn a profit.
Voila. Infrastructure is paid for by you, the public.
https://www.dailykos.com/stories/2018/2/4/1737764/-The-1-3-trillion-tax-increase-Trump-announced-in-his-State-of-the-Union-speech
Here's the kind of deal I expect for BigFinance to "pay for" the infrastructure:
We'll buy your infrastructure bonds at a LIBOR-based rate. :lol .
To encourage us to rip off citizens, Repugs will make our profits from the interest on the infrastructure bonds tax free, and we'll demand ownership of the infrastructure.
boutons_deux
02-05-2018, 08:01 AM
Repugs are fiscally conservative! :lol :lol :lol :lol :lol
Era Of Trillion-Dollar Budget Deficits Is Making A Comeback
at issue is a two-year deal to increase crunching caps on spending set by a failed 2011 budget deal. Republicans have pushed for defense increases in the neighborhood of $80 billion a year and have offered Democrats nearly as much — $60 billion or so per year — for nondefense programs.
Add in $80 billion to $90 billion worth of hurricane aid for Texas, Florida and Puerto Rico, health care funding and money for President Donald Trump’s border security plan, and the final tally could total close to $400 billion. The potential cost, over the 2018-19 budget years, would rival the deficit impact of last year’s tax measure over that period.
“Republicans for years have made all of these bold promises to rein in spending,” .... “And they’re doing the opposite.”
a follow-up omnibus spending bill, whose overall cost is likely to exceed $1.2 trillion. That means domestic programs get their due, despite the opposition of conservatives.
Republican deficit hawks stepped aside during last year’s tax debate, and it’s not looking like they’ll mount a stand now.
Instead, GOP defense hawks worried about lagging readiness, training and weapons procurement :lol :lol
are carrying the day, even if it means placating Democrats with spending elsewhere.
“This budget dysfunction has a human cost, and our military is bearing the brunt of it,” :lol
https://talkingpointsmemo.com/news/era-trill-dollar-budget-deficits-making-comeback?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+tpm-news+%28TPMNews%29
MIC spending is fraudulent, corrupt corporate welfare, redistributing taxpayer wealth upwards.
Th'Pusher
02-07-2018, 07:33 PM
I'm surprised that no one's brought up the question of: Who saw more money in their last paycheck?
The increase was reflected in my paycheck this week. My household net income will increase by ~$500 per month. Every penny of it will go straight into my kid’s 529. That’ll do wonders for the economy :lol
And the extra $6k per year won’t buy my vote come 2020.
boutons_deux
02-07-2018, 08:28 PM
Accounting firm just said DoD lost track of $1B
Very surprised it's so low. DoD is totally corrupt, nothing but corporate welfare for the MIC
boutons_deux
02-12-2018, 07:18 AM
Kimberly-Clark Uses GOP Tax Break to Sucker Punch Wisconsin Workers (https://www.dailykos.com/stories/2018/2/4/1738322/-Kimberly-Clark-Uses-GOP-Tax-Break-to-Sucker-Punch-Wisconsin-Workers)
Kimberly-Clark, maker of paper-based products such as Kleenex, Viva paper towels, Cottonelle bathroom tissue and Huggies disposable diapers, announced earlier this month that the corporation would
use its tax cut windfall to pay the costs of closing 10 factories (http://thehill.com/policy/finance/370498-kimberly-clark-to-use-savings-from-tax-cuts-to-pay-for-layoffs) and dumping as many as 5,500 workers worldwide.
It wasn’t that Kimberly-Clark was insolvent. Just the opposite. Last year, its profit was $2.28 billion or $6.40 a share. For 2018, (https://www.jsonline.com/story/money/business/2018/01/23/kimberly-clark-cut-up-5-500-jobs-close-10-plants-no-word-wisconsin-jobs/1057633001/) the corporation is shooting for more, at least $6.90 a share, by “reorganizing,” that is, ditching factories and workers.
David said he thinks the workers in Wisconsin’s Fox Valley who voted for Trump want to see some follow through on his promises to create jobs, raise incomes and establish fair trade.
None of that is accomplished by the GOP tax scam that
promoted off-shoring (http://www.chicagotribune.com/business/ct-biz-america-first-offshoring-jobs-tax-plan-20171215-story.html) by granting corporations lower tax rates for overseas factories and that
gave massive breaks to job-cutting corporations like Kimberly-Clark.
https://www.dailykos.com/stories/2018/2/4/1738322/-Kimberly-Clark-Uses-GOP-Tax-Break-to-Sucker-Punch-Wisconsin-Workers?detail=emaildkre
Trash's infamous "white working class" voters were LIED TO by anit-LABOR Trash, and now they're fucked bad
boutons_deux
02-22-2018, 07:37 AM
Wakanda isn't enough?
Disney is using 'tax cut bonus' to try to force union workers to accept low pay (https://www.dailykos.com/stories/2018/2/20/1743175/-Disney-is-using-tax-cut-bonus-to-try-to-force-union-workers-to-accept-low-pay)
Disney got some positive press for saying it would give its workers a $1,000 tax cut bonus—but it’s using the bonus to try to force some of its lower-paid workers to accept a bad deal (http://money.cnn.com/2018/02/20/news/companies/disney-world-union-workers-tax-reform-bonus/index.html) at the bargaining table.
The entertainment giant carefully specified that the bonuses would go to union workers “currently working under existing union contracts”—and that doesn’t apply to everyone.
They say rank-and-file workers in December voted 93% against Disney's most recent offer of a
50-cent-an-hour raise over the next two years,
coupled with a $200 signing bonus.
Most unionized Disney World employees make less than $11 an hour, according to the union.
Only 3,000 make more than $15 an hour.
The union says the average hourly wage for its members is $10.71.
Eric Clinton, president of the Unite Here local at the theme park, said Disney is forcing the union to accept that same rejected offer for its members to receive the $1,000 bonus due to other Disney employees. [...]
He said the union has filed an unfair labor practice complaint alleging that the demand amounts to punishing members for engaging in legally protected contract negotiations.
https://www.dailykos.com/stories/2018/2/20/1743175/-Disney-is-using-tax-cut-bonus-to-try-to-force-union-workers-to-accept-low-pay
Union workers want Disney to pay their $1,000 tax cut bonuses
"In other words Disney said you can have $1,000 if you agree to stay poor,"
http://money.cnn.com/2018/02/20/news/companies/disney-world-union-workers-tax-reform-bonus/index.html
boutons_deux
03-19-2018, 07:27 PM
'This is not normal': Glitches mar new tax law
The glitches in the new tax law are starting to pile up.
One inadvertently denies restaurants, retailers and others generous new write-offs for things like remodeling.
Another would allow wealthy money managers to sidestep a crackdown on lucrative tax breaks that allows them to pay lower taxes on some of their income than ordinary wage earners. A third creates two different start dates for new rules that make it harder for businesses to shave their tax bills.
There are dozens of other snafus, hitting everything from real estate investments to multinational corporations to farmers.
It’s hardly surprising there would be bugs in the sprawling new law H.R. 1 (115), but some experts say the sheer number is unusual, and blame the breakneck pace at which the legislation was pushed through Congress.
“This is not normal,” said Marty Sullivan, chief economist at the nonpartisan Tax Analysts.
“There’s always this kind of stuff, but the order of magnitude is entirely different.”
Some of the glitches are simple drafting errors.
Others would have unintended consequences.
Still others are things in the law that aren’t clear.
One snafu, which could potentially affect President Donald Trump’s real estate business, prevents people making various types of improvements to non-residential real estate from immediately deducting their entire cost, as lawmakers intended.
An apparent typo means they have to instead take those breaks piecemeal over the next 39 years.
That is already squeezing some companies’ finances, said Rachelle Bernstein, tax counsel at the National Retail Federation.
“There are real economic implications right now,”
Another bug may allow hedge funds, private equity firms and others to dodge a crackdown on the rules surrounding so-called carried interest
by taking advantage of a vague reference in the law excusing corporations from the new rules.
Lawmakers appear to have meant C corporations like Apple or Ford, but
lawyers say it could also excuse S corporations, which could be easily used to duck the restrictions.
Another glitch allows people investing in real estate to claim a new deduction for pass-through income – but only if they own real estate stocks directly.
If they own them through mutual funds, as many Americans do, they don’t qualify for the break.
Other things are unclear like the law’s new minimum tax on multinational companies’ foreign earnings, which has tax experts jousting in tax journals and elsewhere over what exactly is subject to the levy.
Another provision, which Republicans say they are eager to address,
could allow farmers who sell grain to cooperatives to avoid taxes entirely.
Though that’s been dubbed the “grain glitch,” it was included in the legislation at the insistence of multiple senators despite warnings of its implications.
https://www.politico.com/story/2018/02/24/tax-law-glitches-gop-423434
Repug governance! What's Not To Ridicule?
Repugs' overriding objective was to cut taxes for the oligarchy, and fuck the details. In fact, Repugs fucking up their laws is part of their strategy to fuck up govt, and make people hate govt.
KenMcCoy
03-19-2018, 07:30 PM
I do corporate taxes for a living...lawmakers screwing up the law and inadvertently taxing some things while leaving gaping loopholes IS normal.
boutons_deux
03-19-2018, 07:37 PM
I do corporate taxes for a living...lawmakers screwing up the law and inadvertently taxing some things while leaving gaping loopholes IS normal.
others say the magnitude of Repug fuckups ISN'T normal
boutons_deux
03-27-2018, 01:52 PM
While Trump Deals With A Porn Star, Congress Passes Barack Obama's Budget. (https://www.dailykos.com/stories/2018/3/25/1752069/-Congress-Passes-The-President-s-Budget-President-Obama-s-That-Is)
https://images.dailykos.com/images/375688/story_image/obama-laughing-800x430.jpg?1489110234
From Russell Berman of The Atlantic:
President Obama finally got a Republican-controlled Congress to fund his domestic budget.
All it took was Donald Trump in the White House to get it done.
In the $1.3 trillion spending bill that President Trump reluctantly signed (https://www.theatlantic.com/politics/archive/2018/03/well-that-was-weird/556415/) on Friday,
lawmakers did more than reject (https://www.theatlantic.com/politics/archive/2018/02/trump-budget-congress/553085/) the steep cuts in dollars and programs that Trump proposed for domestic agencies a year ago.
Across much of the government, Republican leaders agreed to spending levels that matched or even exceeded what Obama asked Congress to appropriate in his final budget request (https://www.gpo.gov/fdsys/pkg/BUDGET-2017-BUD/pdf/BUDGET-2017-BUD-9.pdf) in 2016
—and many of which lawmakers ignored while he was in office.
Amazing how prescient this nation’s last real President was!
The Department of Health and Human Services received $78 billion, nearly identical to the $77.9 billion Obama sought and almost 20 percent more than what the Trump budget called for.
Ditto for the Department of Labor and the Department of Education, which got $1.5 billion more than Obama’s final request and nearly $12 billion more than the reduced level Trump sought.
Obama-era priorities like Head Start and Pell Grants drew increases, too.
The lesson here is not only that most of President Obama’s budget numbers were right on target...because he hired, you know, competent people to calculate them—but the fact that
Trump’s were so grossly off the mark as to be too embarrassing for even the Republican-dominated Congress to stomach:
Congress eliminated none of the 18 independent agencies Trump wanted to scrap (https://www.theatlantic.com/politics/archive/2017/05/here-are-the-independent-agencies-trump-wants-to-stop-funding/519786/), :lol
including the Corporation for Public Broadcasting,
the National Endowment for the Arts, and
the National Endowment for the Humanities.
And several of the programs he wanted to zero out won huge increases instead. :lol
Take the TIGER grants, an infrastructure program created by Obama’s 2009 economic stimulus package.
Congress had allocated $500 million to it each of the last several years, despite annual Obama requests to boost it to $1.25 billion.
Trump’s budget called for axing it entirely,
but lawmakers went even higher than Obama, giving $1.5 billion to TIGER. :lol
Or the Community Development Block Grant, a federal housing program that had been receiving $3 billion from Congress annually.
Obama actually proposed cutting its funding by $200 million in 2016, while Trump called for chopping it altogether.
In the end, it received $3.3 billion—a 10 percent boost. :lol
As Berman points out, this was a budget enacted under complete Republican control
https://www.dailykos.com/stories/2018/3/25/1752069/-Congress-Passes-The-President-s-Budget-President-Obama-s-That-Is?detail=emaildkre
:lol
Trash draining the swamp for evangelical Christians and God! :lol
boutons_deux
03-29-2018, 02:13 PM
The US will be borrowing $300 billion this week, largest amount since 2008 financial crisis (https://www.dailykos.com/stories/2018/3/28/1752768/-The-US-will-be-borrowing-300-billion-this-week-largest-amount-since-2008-financial-crisis)
What happens when you give super wealthy people tax cuts (https://www.dailykos.com/stories/2018/3/4/1745678/-Democrats-proven-right-again-on-tax-cut-windfall-for-the-rich),
while not guaranteeing any other revenue streams for your country, and
zero investment (https://www.dailykos.com/stories/2018/3/27/1752444/-Survey-of-business-executives-says-Republican-tax-cuts-won-t-be-invested-despite-Trump-s-promises) in actual programs that might lead to stronger economic futures? Just plain old debt.
As CNN reports (http://money.cnn.com/2018/03/27/investing/us-debt-sale-record-treasury/index.html), the United States will be selling off about $294 billion in debt—cause we need some cash!
Federal revenue is declining because of President Trump's tax cuts, so the government needs to borrow more to make ends meet. At the same time, Washington's borrowing costs have climbed rapidly in recent months. [...]
At the same time, the Federal Reserve has stopped buying US debt
as it unwinds a financial crisis-era program that was aimed at keeping borrowing costs low.
And investors are growing more worried that inflation will force the Fed to raise short-term interest rates,making all kinds of debt more expensive.
"It's a tricky dynamic for the markets," Rieder said.
https://www.dailykos.com/stories/2018/3/28/1752768/-The-US-will-be-borrowing-300-billion-this-week-largest-amount-since-2008-financial-crisis?detail=emaildkre
ducks
03-30-2018, 09:45 PM
Get 1200 more back next year if stay the same also get 107 dollars a month more
Thanks trump ������������
boutons_deux
04-10-2018, 02:58 PM
TRUMP TAX CUT TRUTHS
HOW ALL OF AMERICA'S BUSINESSESARE SPENDING THEIR TRUMP TAX CUTS
4% of workers getting bonuses &/or wage hikes
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6.3 MILLION out of 148 MILLION
Businesses giving bonuses &/or wage hikes
383 out of 26 MILLION
Tax cuts vs. bonuses &/or wage hikes
$61 BILLION vs. $6.5 BILLION
Corporate stock buy backs vs.workers’ bonuses & wage hikes.
$238 BILLION vs. $6.5 BILLION
HOW AMERICA'S 500 RICHEST CORPORATIONS ARE SPENDING THEIR TRUMP TAX CUTS
Stock buybacks vs.bonuses &/or wage hikes
$201 BILLION vs. $5.7 BILLION
Corporations giving bonuses &/or wage hikes
65 out of 500
https://americansfortaxfairness.org/trumptaxcuttruths/?link_id=0&can_id=4217e8eb109c68bd0c2e4143dd2d8c15&source=email-corporations-give-hardworking-families-little-from-trump-tax-scam-5&email_referrer=email_333110&email_subject=corporations-give-hardworking-families-little-from-trump-tax-scam
And what about the huge hikes in investments, durable goods, research, machinery, that were being held back by taxes?
boutons_deux
04-20-2018, 12:50 PM
6 Wall Street Banks Saved $3.6 Billion In Taxes Thanks To Trump’s Tax Law
The results show why banks supported the tax overhaul. Tax rates at banks such as JPMorgan Chase, Goldman Sachs and Morgan Stanley dropped to between 17 and 23 percent.
https://talkingpointsmemo.com/news/wall-street-banks-save-billions-taxes-last-quarter?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+tpm-news+%28TPMNews%29
boutons_deux
04-21-2018, 06:45 PM
As GOP Spends Big Money Trying to Make Corporate Tax Cut Popular, New Poll Shows Most Americans Still Smart Enough to Hate It
"Republicans are going to throw more money and air time to try to make their tax bill popular.
But so far, at least, voters have somehow figured out that
a giveaway to wealthy corporations is not in their best interests."
https://www.commondreams.org/news/2018/04/16/gop-spends-big-money-trying-make-corporate-tax-cut-popular-new-poll-shows-most?utm_term=As%20GOP%20Spends%20Big%20Money%20Tr ying%20to%20Make%20Corporate%20Tax%20Cut%20Popular %2C%20New%20Poll%20Shows%20Most%20Americans%20Stil l%20Smart%20Enough%20to%20Hate%20It&utm_campaign=The%20CIA%20Wants%20You%20Know%20This %20About%20Its%20Torture%20Program%20%7C%20Your%20 Week%20In%20Review%20&utm_content=email&utm_source=Act-On+Software&utm_medium=email&cm_mmc=Act-On%20Software-_-email-_-The%20CIA%20Wants%20You%20Know%20This%20About%20It s%20Torture%20Program%20%7C%20Your%20Week%20In%20R eview%20-_-As%20GOP%20Spends%20Big%20Money%20Trying%20to%20Ma ke%20Corporate%20Tax%20Cut%20Popular%2C%20New%20Po ll%20Shows%20Most%20Americans%20Still%20Smart%20En ough%20to%20Hate%20It
DarrinS
04-21-2018, 08:17 PM
I made the most in 2017 than I have ever made in one year. Paid over 120k in taxes. New tax law would have saved me over 20k in taxes, because of higher standard deduction. But, Dems should definitely run against this. :lol
DarrinS
04-21-2018, 08:19 PM
Oh, and instead of 33% bracket, I would be at a lower percentage. Fvckin one third — ridiculous.
CosmicCowboy
04-21-2018, 08:34 PM
I made the most in 2017 than I have ever made in one year. Paid over 120k in taxes. New tax law would have saved me over 20k in taxes, because of higher standard deduction. But, Dems should definitely run against this. :lol
Im impressed with your salary. You paid 120k and didnt itemize? Im hoping the new tax law will just be a wash for me but think its gonna cost me about 20K more. My returns more complicated and I cant use the standard deductions.
DarrinS
04-21-2018, 08:56 PM
Im impressed with your salary. You paid 120k and didnt itemize? Im hoping the new tax law will just be a wash for me but think its gonna cost me about 20K more. My returns more complicated and I cant use the standard deductions.
It’s not my usual salary. I got a payout from my company stock option. Not much to itemize as previous home was paid off and kids are too old now. And I had my allowances on w4 set too high (set to zero now).
boutons_deux
04-24-2018, 07:03 AM
Wealthiest Americans poised to take advantage of loophole left by GOP tax plan
Republicans marketed it as a "small business tax cut."
nearly 44 percent of the tax cuts for so-called pass-through businesses will go to tax filers making more than $1 million in 2018,
while more than 90 percent of the cuts will go to those earning more than $100,000.
https://i2.wp.com/thinkprogress.org/wp-content/uploads/2018/04/capture.png?w=742&crop=0%2C0px%2C100%2C534px&ssl=1
even though Republicans repeatedly claimed their tax plan would provide cuts for small business owners,
pass-through businesses are not small businesses in the mom-and-pop sense,
but rather are entities like partnerships, S-corporations, and limited liability companies (LLCs).
The final version of the GOP tax bill transformed the pass-through tax break into a deduction against taxable income,
effectively cutting the top rate on pass-through income down from 39.6 percent to 29.6 percent.
This provides top pass-through earners — such as hedge fund owners and lawyers — with
an enormous loophole, allowing them to effectively re-characterize parts of their income to pay taxes at a rate 10 points lower than what they are currently paying.
several members of Congress (https://thinkprogress.org/here-are-the-massive-tax-cuts-going-to-the-republicans-who-wrote-the-tax-bill-00bf6e9f6f0a/) who helped craft the tax bill will benefit as well.
According to a report from the Center For American Progress Action Fund (https://cdn.americanprogress.org/content/uploads/2018/04/10070908/Tax-Bill-Memo-Economic-Final.pdf) (ThinkProgress is an editorially independent news site housed at CAPAF),
there are 15 Republicans from tax writing committees in Congress that can expect to receive an average tax windfall of $314,000 from the pass-through provision.
It should come as no surprise that President Donald Trump himself, along with many of his Cabinet members, are the owners of such pass-through businesses. The Trump Organization oversees at least 500 of them. As a result,
Trump could get an annual tax cut worth $23 million (https://www.americanprogressaction.org/issues/economy/news/2017/10/18/168871/trump-mcconnell-ryan-tax-plan-windfall-president-trump-cabinet/),
while one of his closest advisers and son-in-law,
Jared Kushner, could see a cut of up to $17 million (https://www.americanprogressaction.org/issues/economy/news/2017/10/18/168871/trump-mcconnell-ryan-tax-plan-windfall-president-trump-cabinet/).
top 1 percent will get an average cut of $1,022,120, while
the middle 20 percent will get an average cut of $420.
https://thinkprogress.org/wealthy-are-poised-to-take-advantage-of-tax-loophole-6ee3c93fc0bc/
boutons_deux
04-24-2018, 07:23 AM
With their tax law a bust, Republicans to run on their old favorite: misogyny (https://www.dailykos.com/stories/2018/4/23/1759273/-With-their-tax-law-a-bust-Republicans-to-run-on-their-old-favorite-misogyny)
tax law? They tried to campaign on that one and came up with a big old nope.
So their big plan is … yeah, it's Hillary Clinton. Again. (https://www.houstonchronicle.com/news/politics/article/Clinton-stars-as-central-villain-in-GOP-s-midterm-12854987.php?utm_source=email&utm_medium=newsletter&utm_campaign=HoustonChronicle_TexasTake&utm_campaign=twitter-premium&utm_source=CMS%20Sharing%20Button&utm_medium=social)
GOP's most powerful players are preparing to spend big on plans to
feature Clinton as a central villain in attack ads against vulnerable Democrats nationwide.
the resilience and political potency of Republican voters' antipathy for Clinton.
As difficult as it's been for Democrats to move past the Clinton era, it may be even harder for Republicans.
"I promise you that you'll continue to see it — Hillary Clinton starring in our paid media. She's a very powerful motivator,"
"It's about what she represents.
What she represents, just like what Nancy Pelosi represents, is out-of-touch far-left liberal positions." :lol LIE :lol
she won the popular vote in 2016
—but
I guess that’s part of what pisses Republicans off so much about her.
Can’t run on their own major achievement,
so they’re reaching back to someone irrelevant to 2018 because
misogyny is their strongest play.
https://www.dailykos.com/stories/1759273
and Trash's misogyny is fundamental to evangelicals who support him for his white male supremacist misogyny. Misogyny is Biblical.
boutons_deux
05-01-2018, 04:33 PM
How’s That Tax Cut Working Out?
So far, Donald Trump and his allies in Congress have achieved one and only one major legislative victory:
passing a large tax cut, mainly aimed at corporations and business owners.
The tax cut’s proponents promised that it would lead to a dramatic acceleration of economic growth and produce big gains in wages;
they hoped that it would also yield big political dividends for the midterm elections.
So how’s it going? Politically, the tax cut is a damp squib:
Most voters say (http://thehill.com/policy/finance/384804-poll-fewer-voters-say-theyre-noticing-paycheck-increases-from-tax-law)they haven’t seen any boost to their paychecks, and
Republicans are barely talking about the law (https://www.nytimes.com/2018/04/16/business/economy/tax-law-talking.html) in their political campaigns.
But what about the economics?
To deliver on its backers’ promises,
the tax cut would have to produce a huge surge in business investment
— not in the long run, not five or 10 years from now, but more or less right away.
And there’s no sign that anything like that is happening.
any short-term boost will probably be quickly squelched by the Federal Reserve,
which believes that we’re at full employment and which is gradually raising interest rates to keep the economy from overheating.
the case for a corporate tax cut is the claim that in the long run it will raise wages.
How is that supposed to work?
It never made sense to believe that corporations would immediately share their tax-cut bounty with workers, and they haven’t.
The real logic behind corporate tax cuts is that they’re supposed to lead to higher investment.
There are two questions about this supposed process.
One is how much wages will rise in the long run. Most independent estimates predict only modest gains;
But the other, equally important question is, how long is the long run?
“every month in which wage rates are not sharply higher than they would have been absent the legislation, and investment returns are not sharply lower, is a month in which the benefits of
those corporate tax cuts accrue primarily to shareholders.”
big windfalls for stock owners with only trivial wage gains for the next five or 10 years, is not what we were promised.
we’d need to have a huge near-term boom in business investment,
mainly financed by inflows of capital from overseas. I mean really, really huge (https://krugman.blogs.nytimes.com/2017/11/14/tax-cuts-and-the-trade-deficit/).
And there’s no sign that this is happening.
True, business investment as a share of G.D.P. is up slightly (https://fred.stlouisfed.org/graph/fredgraph.png?g=jEm8) over the past year, but it’s still well below its level before the financial crisis — let alone the heights it reached in the 1990s.
A vast majority of businesses say either that the tax law has had no effect on their investment plans, or that they are planning only a modest increase.
Trump tax cut are already looking like the effects of the Brownback tax cut in Kansas, the Bush tax cut and every other much-hyped tax cut of the past three decades:
big talk,
big promises,
but no results
aside from a swollen budget deficit.
https://www.nytimes.com/2018/04/30/opinion/republican-tax-cut-workers.html
boutons_deux
05-02-2018, 10:12 AM
Thanks to Trump Tax Cuts, Major Corporations Set to Spend 'Obscene' $1 Trillion Rewarding Investors Instead of Workers
Apple announced Tuesday it will spend $100 billion buying back its own stock—333 times the amount it has spent on one-time worker bonuses
https://www.commondreams.org/sites/default/files/styles/cd_large/public/headlines/mw-gc918_cook_c_20180201193127_zh.jpg?itok=J_aOUJMp
America's biggest and most profitable companies are on track to hand "a record $1 trillion to investors through dividend increases and stock buybacks."
"This is more proof that the Trump tax scam was never meant to benefit workers," ATF tweeted on Tuesday. "It was designed to benefit the wealthy, rich CEOs, and big corporations."
a slew of giddy profit reports by Wall Street banks (https://www.commondreams.org/news/2018/04/18/workers-see-crumbs-biggest-wall-street-banks-have-already-pocketed-25-billion-trump), which have already raked in billions thanks to the Trump-GOP tax cuts.
"hard evidence" of a massive investment boost has yet to appear,
while there is plenty of evidence that companies are following Apple's lead and dumping their tax savings into the pockets of ultra-wealthy executives.
"Trump and GOP lawmakers said the huge corporate tax cuts were going to be 'rocket fuel' to increase corporate investment,"
wrote (https://twitter.com/greenhousenyt/status/991291394345127936) author and labor reporter Steven Greenhouse on Tuesday.
"So far the tax cuts have been rocket fuel for just one thing: a surge in stock buybacks, making the rich even richer."
https://www.commondreams.org/news/2018/05/02/thanks-trump-tax-cuts-major-corporations-set-spend-obscene-1-trillion-rewarding
The wealthy, all-powerful, unstoppable oligarchy votes itself more $T, political power, protection.
the lower 4 quintile America is fucked and unfuckable
boutons_deux
05-07-2018, 09:29 AM
amazing, Repug pols and Repug base have figured out that Repug tax scam scammed the Repug base
Republicans in key election races turn down volume on Trump's tax cuts
The most vulnerable Republican incumbents in the tightest congressional races in the November elections are talking less and less about the tax cuts on Twitter and Facebook, on their campaign and congressional websites and in digital ads, the vital tools of a modern election campaign,
the number of tax messages has fallen by 44 percent since January.
For several congressmen in tough reelection fights, Steve Knight in California, Jason Lewis in Minnesota, and Don Bacon in Nebraska, messaging is down much more - as much as 72 percent.
Most of the 13 Republican incumbents in the most competitive reelection bids, and their aides, declined to answer Reuters’ questions on why they were communicating less online about the tax cuts.
But a Reuters/Ipsos poll conducted from March 14 to 29 found that
just 3 percent of American adults were aware of receiving a material benefit from the Republican legislation.
https://www.reuters.com/article/us-usa-election-taxcuts-insight/republicans-in-key-election-races-turn-down-volume-on-trumps-tax-cuts-idUSKBN1I80XB?feedType=RSS&feedName=politicsNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FPoliticsNews+%28Reu ters+Politics+News%29
boutons_deux
05-08-2018, 04:17 PM
Apple took the GOP tax cut and turned it into a $100 billion stock buyback
Apple’s latest earnings report shows it’s a huge winner in the Republican tax cut bill, and so are its shareholders.
Apple (https://www.vox.com/new-money/2017/5/2/15500842/apple-250-billion-cash) just announced a stock buyback (https://www.vox.com/policy-and-politics/2018/3/22/17144870/stock-buybacks-republican-tax-cuts) equal to the size of Ecuador’s GDP (https://data.worldbank.org/country/ecuador), thanks to the Republican tax cut bill (https://www.vox.com/2017/12/20/16790040/gop-tax-bill-winners).
In a quarterly earnings announcement (https://go.redirectingat.com/?id=66960X1516588&xs=1&url=https%3A%2F%2Fwww.apple.com%2Fnewsroom%2F2018% 2F05%2Fapple-reports-second-quarter-results%2F) on Tuesday, the Cupertino, California-based company said it would put in place a new $100 billion share buyback program and increase its quarterly dividend by 16 percent.
It’s no coincidence that Apple is a major beneficiary of the GOP tax cuts —
its effective tax rate (the amount it actually pays) has dropped by about 10 percent between this year and last,
and it’s saving an estimated $47 billion (https://www.ft.com/content/56c69df6-d9db-11e7-a039-c64b1c09b482) on taxes on profits earned overseas as well.
https://www.vox.com/policy-and-politics/2018/5/2/17310770/apple-stock-earnings-buyback-dividend-tax-tim-cook-iphone
boutons_deux
05-19-2018, 01:02 PM
Cash-Rich Companies Set Record for Buybacks
American companies, flush with cash from the $1.5 trillion tax cut, bought back a record quantity of their own shares during the first three months of the year.
https://www.nytimes.com/2018/05/18/business/tax-cut-stock-buybacks.html?partner=rss&emc=rss
The Repug LIE was that "high" taxes were pent-up, crippling investment and job creation?
The TRUTH IS that Repug tax cuts unleashed pent-up greed by the oligarchy to pocket $100Bs initially, with more pocketing to come.
Winehole23
06-10-2018, 10:17 PM
revenues down, deficit up.
board deficit hawks have ghosted.
http://thehill.com/policy/finance/391295-us-deficit-surges-to-530-billion-in-may-cbo
boutons_deux
06-19-2018, 07:56 PM
'Morally Bankrupt': After Tax Cuts for Richest, House GOP Unveils $5.4 Trillion Attack on Nation's Safety Net
The Republican budget's "extreme cuts to healthcare, retirement security, anti-poverty programs, education, infrastructure, and other critical investments are real and will inflict serious harm on American families."
House Republicans on Tuesday quietly unveiled their 2019 budget proposal (https://budget.house.gov/press-release/house-budget-committee-unveils-budget-brighter-american-future/) that calls for
$537 billion in cuts to Medicare,
$1.5 trillion in cuts to Medicaid, and
$4B in cuts to Social Security over the next decade
in an effort to pay for their deficit-exploding tax cuts for the wealthy.
"We know what they stand for: tax cuts paid for with healthcare cuts."
House GOP budget also calls for
partial privatization of Medicare and
the repeal of the Affordable Care Act,
a move that would throw tens of millions off their health insurance.
https://www.commondreams.org/news/2018/06/19/morally-bankrupt-after-tax-cuts-richest-house-gop-unveils-54-trillion-attack-nations
This is why Repugs and the oligarchy haven't care about the oligarchy's tax cut causing deficits.
Their plan all along was to fuck over the poor, sick, disabled, vets, old Americans, and the lower 4 quintiles to "pay for" enriching the oligarchy.
spurraider21
06-19-2018, 07:59 PM
revenues down, deficit up.
board deficit hawks have ghosted.
http://thehill.com/policy/finance/391295-us-deficit-surges-to-530-billion-in-may-cbo
The Congressional Budget Office (CBO) said in a report released Thursday (https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53950-mbr.pdf)that government spending surged 6 percent relative to last year, while revenues only increased 3 percent.
Winehole23
06-19-2018, 11:33 PM
revenues went up a bit, I must've crossed a wire
Winehole23
06-19-2018, 11:34 PM
thanks for the correction, Spurraider21
boutons_deux
06-20-2018, 08:06 AM
the Obama economy keeps growing, of course the tax revenues go up, but the "fiscally responsible" Repugs still losing money (until they save money by screwing the non-wealthy)
and of course, most of the increase in wealth, like 90%+, got to the top 5% to float only their mega-yachts.
boutons_deux
06-20-2018, 06:36 PM
It's a Wicked Wednesday for Trash,
caved on the child separation,
his budget cuts defeated
Senate rejects billions in Trump spending cuts as two Republicans vote ‘no’
The Senate on Wednesday rejected billions in spending cuts proposed by the Trump administration as two Republicans joined all Democrats in voting no.
The 48-50 vote rebuffed a White House plan (https://www.washingtonpost.com/business/economy/trump-calls-on-congress-to-pull-back-15-billion-in-spending-including-on-childrens-health-insurance-program/2018/05/07/9427de18-5216-11e8-a551-5b648abe29ef_story.html?utm_term=.5719deb28867) to claw back some $15 billion in spending previously approved by Congress
— a show of fiscal responsibility that was encouraged by conservative lawmakers outraged over a $1.3 trillion spending bill in March.
The House had approved the so-called rescissions package earlier this month. But passage had never been assured in the Senate, where a number of Republicans had been cool to the idea from the start.
Nevertheless, Wednesday’s outcome was startling because one of the opposing votes came from
Sen. Richard Burr (R-N.C.), who does not normally buck the White House or GOP leadership.
Sen. Susan Collins (R-Maine), a moderate and one of the Republicans who most frequently side with Democrats, cast the other GOP vote against the cuts.
Burr’s office said the senator was concerned about $16 million in cuts targeting Land and Water Conservation Fund projects under the U.S. Forest Service.
Collins had expressed concerns about cuts to the Children’s Health Insurance Program.
https://www.washingtonpost.com/business/economy/senate-rejects-billions-in-trump-spending-cuts-as-two-republicans-vote-no/2018/06/20/1a44df9a-74aa-11e8-b4b7-308400242c2e_story.html?utm_term=.716ec22b3c8d
boutons_deux
07-14-2018, 08:12 AM
Rigged: New Report Details How Combined $5.1 Trillion in Tax Cuts by Bush, Obama, and Trump Went Mostly to Nation's Richest
"When people demand specifics on how to pay for expansions to social insurance, income supports, and public investments, seems like part of the answer is just 'we could stop doing this.'"
https://www.commondreams.org/sites/default/files/styles/cd_large/public/headlines/mnuchin_wife_holding_money_sheet_1.jpg?itok=7kfPAp PP
With $5.1 trillion, the U.S. government could provide healthcare for all Americans (https://money.cnn.com/2017/09/12/news/economy/sanders-medicare-for-all/index.html) and make public colleges tuition free (https://theintercept.com/2017/09/18/the-senates-military-spending-increase-alone-is-enough-to-make-public-college-free/) with cash to spare, but
a report released on Wednesday by the Institute on Taxation and Economic Policy (ITEP) shows that
the past three presidents have instead opted to send this vast sum of money to the richest Americans through massive tax cuts.
tax cuts enacted since 2000 have cost the U.S. government $5.1 trillion in revenue,
"with nearly two-thirds of that flowing to the richest fifth of Americans."
Thanks in large part to President Donald Trump's $1.5 trillion tax cut package that was signed into law last December—
which will send 83 percent of its benefits to the top one percent (https://www.commondreams.org/news/2017/12/19/house-and-senate-vote-heres-13-worst-things-trump-gop-tax-scam)—
"the tally of tax cuts will grow to $10.6 trillion" by 2025 and "nearly $2 trillion of this amount will have gone to the richest one percent,"
At a time when tens of millions of Americans are suffering
from "massive levels of deprivation (https://www.commondreams.org/news/2018/06/21/wealthiest-and-freest-country-world-nikki-haley-tells-bernie-sanders-its-ridiculous)" and
"appalling rates (https://www.theguardian.com/us-news/2018/jun/12/democrats-poverty-calls-congress-us-rates-statistics)" of poverty,
the tax cuts rammed through by George W. Bush, extended in part by Barack Obama, and built upon by Trump
"have mostly benefited those who are least in need of help,"
https://www.commondreams.org/news/2018/07/11/rigged-new-report-details-how-combined-51-trillion-tax-cuts-bush-obama-and-trump?cd-origin=rss&utm_term=Rigged%3A%20New%20Report%20Details%20How% 20Combined%20%245.1%20Trillion%20in%20Tax%20Cuts%2 0by%20Bush%2C%20Obama%2C%20and%20Trump%20Went%20Mo stly%20to%20Nation%27s%20Richest&utm_campaign=Donald%20Trump%20Is%20President.%20An d%20It%27s%20a%20Disaster.%20%20%7C%20Your%20Week% 20in%20Review&utm_content=email&utm_source=Weekly%20Newsletter&utm_medium=Email&cm_mmc=Act-On%20Software-_-email-_-Donald%20Trump%20Is%20President.%20And%20It%27s%20 a%20Disaster.%20%20%7C%20Your%20Week%20in%20Review-_-Rigged%3A%20New%20Report%20Details%20How%20Combine d%20%245.1%20Trillion%20in%20Tax%20Cuts%20by%20Bus h%2C%20Obama%2C%20and%20Trump%20Went%20Mostly%20to %20Nation%27s%20Richest (https://www.commondreams.org/news/2018/07/11/rigged-new-report-details-how-combined-51-trillion-tax-cuts-bush-obama-and-trump?cd-origin=rss&utm_term=Rigged%3A%20New%20Report%20Details%20How% 20Combined%20%245.1%20Trillion%20in%20Tax%20Cuts%2 0by%20Bush%2C%20Obama%2C%20and%20Trump%20Went%20Mo stly%20to%20Nation%27s%20Richest&utm_campaign=Donald%20Trump%20Is%20President.%20An d%20It%27s%20a%20Disaster.%20%20%7C%20Your%20Week% 20in%20Review&utm_content=email&utm_source=Weekly%20Newsletter&utm_medium=Email&cm_mmc=Act-On%20Software-_-email-_-Donald%20Trump%20Is%20President.%20And%20It%27s%20 a%20Disaster.%20%20%7C%20Your%20Week%20in%20Review-_-Rigged%3A%20New%20Report%20Details%20How%20Combine d%20%245.1%20Trillion%20in%20Tax%20Cuts%20by%20Bus h%2C%20Obama%2C%20and%20Trump%20Went%20Mostly%20to %20Nation%27s%20Richest)
Those $Ts buy power, buy political power, so the oligarchy can worsen its raping, fleecing, looting the non-oligarchy, the environment, and the planet.
Oligarchy's power will never be relinquished peacefully.
America is fucked and unfuckable.
boutons_deux
07-17-2018, 08:45 AM
Red state charities could be collateral damage from the GOP's war on California's high taxes
The Alabama Opportunity Scholarship Fund has helped 5,000 low-income children since starting in 2013, but its days could be numbered because of a partisan fight over state-and-local tax deductions prompted by the GOP tax overhaul.
Money for the fund, which provides annual scholarships averaging $6,000 to attend a private K-through-12th-grade school or a public one outside of a student’s district, is raised through a tax incentive.
Contributions receive a dollar-for-dollar state tax credit and are fully deductible from the donor’s federal income taxes. Now, the future of that federal deduction is at risk.
The program is among more than
100 charitable tax-credit programs in dozens of states — including red ones such as Alabama, Georgia, South Carolina and Louisiana -- that could be collateral damage
in a dispute between Republicans in the nation’s capital and leaders of Democratic-controlled states, including California.
“We’ve got thousands of kids here whose educations are being jeopardized potentially,” said Lesley Searcy, executive director of the Alabama scholarship fund.
The Internal Revenue Service is preparing to block attempts (http://www.latimes.com/business/la-fi-treasury-state-local-tax-deduction-20180523-story.html) by lawmakers in California and other high-tax states to help residents avoid a new $10,000 limit on the deductibility of state-and-local taxes that was included in the tax overhaul enacted late last year.
To circumvent the cap, legislation is pending in California and has been adopted in New York, New Jersey and Connecticut that would
allow taxpayers to claim a charitable deduction to help offset state-and-local tax payments above the new limit.
The problem,
according to some tax law experts, is that it will be very difficult for the IRS to prohibit efforts designed to circumvent the state-and-local tax-deduction limit without also disallowing the federal tax deduction for contributions to programs such as the Alabama Opportunity Scholarship Fund.
http://www.latimes.com/business/la-fi-charitable-tax-deductions-20180717-story.html
So Repugs ABUSING the IRS to punish Dem states is backfiring. :lol
Winehole23
07-23-2018, 09:21 AM
don't piss on my shoes and tell me it's raining:
1020645157035704320
Winehole23
07-23-2018, 09:22 AM
There’s still the possibility that Trump’s tax reform will bear fruit in the long term. But early results are pointing to another possibility — that tax cuts have run their course as an economic policy.https://www.bloomberg.com/view/articles/2018-07-18/trump-s-tax-cut-hasn-t-done-anything-for-workers?
Spurminator
07-23-2018, 10:09 AM
But those $1000 bonuses
Winehole23
07-23-2018, 10:12 AM
stock buybacks and dividends are more typical
boutons_deux
07-23-2018, 10:28 AM
don't piss on my shoes and tell me it's raining:
1020645157035704320
.... gotta stop illegal immigrants, build that wall, so they stop taking fantastic jobs from 'mercans.
And stop world class East and South Asians, from universities, research orgs, too.
The big picture is that that Capital has been attacking Labor (eg, suppressing wages, exporting jobs, automation) for 45 years in reaction to the "social justice" progress of the '30s, 50's, 60's.
It's not an accident or natural that Labor must keep losing wealth, absolute and relative, while Capital keeps piling up capital often beyond all means of spending it ( Bezos says the only way he can spend it fly into space :lol )
Capital's (oligarchy's) War on Employees has been implemented by Capital's wealth purchasing lawmakers, judges, to implement policies that enrich Capital and fuck over Labor (and the environment, see current BigCorp project to gut Endangered Species Act for profit).
Solution? violent revolution has been the predominant solution historically when Capital/royalty/Catholic Church have mercilessly hoarded wealth while oppressing everybody else.
Voting ain't gonna change shit.
boutons_deux
07-23-2018, 10:29 AM
http://assets.pewresearch.org/wp-content/uploads/sites/12/2014/10/Wage_stagnation.png
http://www.pewresearch.org/fact-tank/2014/10/09/for-most-workers-real-wages-have-barely-budged-for-decades/
Spurminator
07-23-2018, 10:49 AM
stock buybacks and dividends are more typical
It's almost as if the same thing happened the last time there was a major tax cut.
boutons_deux
07-23-2018, 11:18 AM
It's almost as if the same thing happened the last time there was a major tax cut.
... or when Repugs gave BigCorp a coporate income tax holiday of 5% for repatriated foreign $300B, esp BigPharma's $Bs?
the deal was to use the gifted $Bs for job creation. Deal done, $300B repatriated, BigPharma laid off 40K people
Repug economy for 2001-2008 period had the lowest job creation since WWII.
Trill Clinton
07-25-2018, 10:53 AM
don't piss on my shoes and tell me it's raining:
1020645157035704320
Damn
ElNono
07-26-2018, 03:04 AM
How the Trump Tax Cut Is Helping to Push the Federal Deficit to $1 Trillion
The amount of corporate taxes collected by the federal government has plunged to historically low levels in the first six months of the year, pushing up the federal budget deficit much faster than economists had predicted (https://www.nytimes.com/2017/12/04/us/politics/republicans-joint-committee-on-taxation-estimate.html).
The reason is President Trump’s tax cuts. The law introduced a standard corporate rate of 21 percent, down from a high of 35 percent, and allowed companies to immediately deduct many new investments. As companies operate with lower taxes and a greater ability to reduce what they owe, the federal government is receiving far less than it would have before the overhaul.
http://i67.tinypic.com/a57rjn.jpg
The Trump administration had said that the tax cuts would pay for themselves by generating increased revenue from faster economic growth, but the White House has acknowledged in recent weeks that the deficit is growing faster than it had expected. The Office of Management and Budget said this month (https://www.whitehouse.gov/wp-content/uploads/2018/07/19msr.pdf) that it had revised its forecasts from earlier this year to account for nearly $1 trillion of additional debt over the next decade — on average, almost $100 billion more a year in deficits.
https://www.nytimes.com/2018/07/25/business/trump-corporate-tax-cut-deficit.html
Th'Pusher
07-26-2018, 06:55 AM
^ the government just needs to spend less.
We have a spending problem, not a revenue problem.
The federal government just needs to tighten its belt.
It’s my money. I can spend it better than the government.
Freedom!
boutons_deux
07-26-2018, 07:30 AM
^ the government just needs to spend less.
We have a spending problem, :lol not a revenue problem.
The federal government just needs to tighten its belt. :lol
It’s my money. I can spend it better than the government. :lol
Freedom!
:lol stupid fuck
go fix a few roads and bridges, buy yourself a tank or a Army platoon.
Goddamn, you rightwingnut assholes are fucking stupid
Th'Pusher
07-26-2018, 06:16 PM
:lol stupid fuck
go fix a few roads and bridges, buy yourself a tank or a Army platoon.
Goddamn, you rightwingnut assholes are fucking stupid
I was being sarcastic...
I was being sarcastic...
He's not paying attention to who he's talking to - rightwingnut - welcome to the club, Th'Pusher :-)
How the Trump Tax Cut Is Helping to Push the Federal Deficit to $1 Trillion
The amount of corporate taxes collected by the federal government has plunged to historically low levels in the first six months of the year, pushing up the federal budget deficit much faster than economists had predicted (https://www.nytimes.com/2017/12/04/us/politics/republicans-joint-committee-on-taxation-estimate.html).
The reason is President Trump’s tax cuts. The law introduced a standard corporate rate of 21 percent, down from a high of 35 percent, and allowed companies to immediately deduct many new investments. As companies operate with lower taxes and a greater ability to reduce what they owe, the federal government is receiving far less than it would have before the overhaul.
http://i67.tinypic.com/a57rjn.jpg
The Trump administration had said that the tax cuts would pay for themselves by generating increased revenue from faster economic growth, but the White House has acknowledged in recent weeks that the deficit is growing faster than it had expected. The Office of Management and Budget said this month (https://www.whitehouse.gov/wp-content/uploads/2018/07/19msr.pdf) that it had revised its forecasts from earlier this year to account for nearly $1 trillion of additional debt over the next decade — on average, almost $100 billion more a year in deficits.
https://www.nytimes.com/2018/07/25/business/trump-corporate-tax-cut-deficit.html
Sorry, can't read that article. Isn't corporate tax (in 2017) only about 7% of revenue and the majority comes from taxpayers? Doesn't the tax cut take effect in 2018 and don't we file our tax return under this tax cut in April of 2019? So how do they already know that they've underestimated when the new withholding tables came out in Feb/Mar? And how can anyone be blaming corporate tax rate decrease - especially so early (and when it's such a small percent of revenue)?
boutons_deux
07-27-2018, 07:33 AM
Sorry, can't read that article. Isn't corporate tax (in 2017) only about 7% of revenue and the majority comes from taxpayers? Doesn't the tax cut take effect in 2018 and don't we file our tax return under this tax cut in April of 2019? So how do they already know that they've underestimated when the new withholding tables came out in Feb/Mar? And how can anyone be blaming corporate tax rate decrease - especially so early (and when it's such a small percent of revenue)?
ask Mnuchin/Treasury, they are the ones reporting reduced tax revenues, and explain to them "how can anyone be blaming corporate tax rate decrease"
ask Mnuchin/Treasury, they are the ones reporting reduced tax revenues, and explain to them "how can anyone be blaming corporate tax rate decrease"
I did say I can't read the article. We're only in July - 7 months into the new tax cut year - with taxes and reporting (i assume each quarter) lagging that time frame.
boutons_deux
07-27-2018, 03:59 PM
I did say I can't read the article. We're only in July - 7 months into the new tax cut year - with taxes and reporting (i assume each quarter) lagging that time frame.
employee withholdings would be down, self-employed and company estimated quarterly tax payments would be down.
GDP booming at 4.1% annual rate, while wages go DOWN and the oligarchy reaps 95% of wealth increases.
The oligarchy is fucking brilliant, anti-American, and unstoppable.
employee withholdings would be down, self-employed and company estimated quarterly tax payments would be down.
GDP booming at 4.1% annual rate, while wages go DOWN and the oligarchy reaps 95% of wealth increases.
The oligarchy is fucking brilliant, anti-American, and unstoppable.
As far as what was posted above, the blame was on corporate tax break. There's been at most 2 (Apr 17 and Jun 15) quarters reported. How can they make such sweeping assumptions on small time period.
ElNono
07-28-2018, 01:33 AM
As far as what was posted above, the blame was on corporate tax break. There's been at most 2 (Apr 17 and Jun 15) quarters reported. How can they make such sweeping assumptions on small time period.
No such thing, and it's not an assumption, there's a report already from the OMB which was linked with the post:
https://www.whitehouse.gov/wp-content/uploads/2018/07/19msr.pdf
And the article you didn't read also doesn't put the blame squarely on corporate taxes, but the tax break overall. The graph simply illustrates one such variable, where corporate tax receipts are at a 75-year low.
You just need to a little less posting and a little more reading, the info is available right in front of you, even if it doesn't fit your narratives.
ElNono
07-28-2018, 01:45 AM
^ the government just needs to spend less.
We have a spending problem, not a revenue problem.
The federal government just needs to tighten its belt.
It’s my money. I can spend it better than the government.
Freedom!
I know you're being sarcastic, but this is actually a subject we touched upon before.
In times where the economy is faltering, there's depression, high unemployment, etc, it makes sense to run some deficits to increase liquidity and try to accelerate the velocity of money. But once the economy is in full flight, you want to do the opposite: rake in the money to cover for that previous expense. The latter normally starts happening (see Barry entering his government with a $1.4 trillion fiscal deficit and the economy in shambles, and leaving with a $693 billion deficit and a solid economy), but it normally gets derailed by some unpaid-for benefit.
No such thing, and it's not an assumption, there's a report already from the OMB which was linked with the post:
https://www.whitehouse.gov/wp-content/uploads/2018/07/19msr.pdf
And the article you didn't read also doesn't put the blame squarely on corporate taxes, but the tax break overall. The graph simply illustrates one such variable, where corporate tax receipts are at a 75-year low.
You just need to a little less posting and a little more reading, the info is available right in front of you, even if it doesn't fit your narratives.
The first statement in 2 of my 3 posts SAYS that I didn't read the article (over the limit for the month, I guess). I was going off what was posted in YOUR post - which was the only thing I read.
ElNono
07-28-2018, 03:07 PM
The first statement in 2 of my 3 posts SAYS that I didn't read the article (over the limit for the month, I guess). I was going off what was posted in YOUR post - which was the only thing I read.
Ignorance is never an excuse. The problem here isn't me posting an article, or the article not substantiating the claim, it's you trying to have a conversation while admitting you didn't feel like informing yourself.
What's worse is that it didn't prevent you from casting doubt on it despite the fact that you readily admit you didn't read the meat of it. Talk about sweeping assumptions.
Maybe you like to come across as a vacuous person, that's certainly your choice, but there can't really be a conversation in those terms, and this is pretty much a waste of time.
Why didn't you just post the original source material instead of some NYT article - especially at the end of the month when whatever their limit of articles has been hit? And obviously, I don't care what people think of me - vacuous or otherwise. Please feel free to put me on ignore.
koriwhat
07-28-2018, 05:24 PM
Why didn't you just post the original source material instead of some NYT article - especially at the end of the month when whatever their limit of articles has been hit? And obviously, I don't care what people think of me - vacuous or otherwise. Please feel free to put me on ignore.
:tu
ElNono
07-28-2018, 07:23 PM
Why didn't you just post the original source material instead of some NYT article - especially at the end of the month when whatever their limit of articles has been hit? And obviously, I don't care what people think of me - vacuous or otherwise. Please feel free to put me on ignore.
more whining, no surprises there. Everybody else's fault but your own, per par.
carry on.
Th'Pusher
07-28-2018, 09:06 PM
more whining, no surprises there. Everybody else's fault but your own, per par.
carry on.
Use some lube next time. She’s an old Chinese lady that subscribes to Fox News talking points.
dabom
07-28-2018, 09:08 PM
Use some lube next time. She’s an old Chinese lady that subscribes to Fox News talking points.
She a "CHINESE" "WOMAN"? Listening to fox news? :lol
ElNono
07-29-2018, 01:25 AM
It's not about race, piling on, etc... I get that if somebody is trolling they might jump into any thread and make some stupid comment looking for a reaction.
It's the legit retarded FUD comment from self-admitted ignorance, then blaming other people for her own laziness. Bitching why the original source material wasn't posted, when in fact, I copied the link from my own original post (which apparently she didn't notice, but it's somehow my fault).
Which really goes to show that she dismissed the article off-hand, and decided instead that she had to drop a mindless soundbite. We have plenty of posters doing the rah rah bullshit here, but I guess we can keep adding to the count.
It's not about race, piling on, etc... I get that if somebody is trolling they might jump into any thread and make some stupid comment looking for a reaction.
It's the legit retarded FUD comment from self-admitted ignorance, then blaming other people for her own laziness. Bitching why the original source material wasn't posted, when in fact, I copied the link from my own original post (which apparently she didn't notice, but it's somehow my fault).
Which really goes to show that she dismissed the article off-hand, and decided instead that she had to drop a mindless soundbite. We have plenty of posters doing the rah rah bullshit here, but I guess we can keep adding to the count.
Here is your post from 3 days ago:
How the Trump Tax Cut Is Helping to Push the Federal Deficit to $1 Trillion
The amount of corporate taxes collected by the federal government has plunged to historically low levels in the first six months of the year, pushing up the federal budget deficit much faster than economists had predicted (https://www.nytimes.com/2017/12/04/us/politics/republicans-joint-committee-on-taxation-estimate.html).
The reason is President Trump’s tax cuts. The law introduced a standard corporate rate of 21 percent, down from a high of 35 percent, and allowed companies to immediately deduct many new investments. As companies operate with lower taxes and a greater ability to reduce what they owe, the federal government is receiving far less than it would have before the overhaul.
http://i67.tinypic.com/a57rjn.jpg
The Trump administration had said that the tax cuts would pay for themselves by generating increased revenue from faster economic growth, but the White House has acknowledged in recent weeks that the deficit is growing faster than it had expected. The Office of Management and Budget said this month (https://www.whitehouse.gov/wp-content/uploads/2018/07/19msr.pdf) that it had revised its forecasts from earlier this year to account for nearly $1 trillion of additional debt over the next decade — on average, almost $100 billion more a year in deficits.
https://www.nytimes.com/2018/07/25/business/trump-corporate-tax-cut-deficit.html
You did not post a LINK above for the original source - do you expect posters to go searching the internet for something from Source: Bureau of Economic Analysis. You then posted the below LINK one day ago - a whole 2 days later.
No such thing, and it's not an assumption, there's a report already from the OMB which was linked with the post:
https://www.whitehouse.gov/wp-content/uploads/2018/07/19msr.pdf
And the article you didn't read also doesn't put the blame squarely on corporate taxes, but the tax break overall. The graph simply illustrates one such variable, where corporate tax receipts are at a 75-year low.
You just need to a little less posting and a little more reading, the info is available right in front of you, even if it doesn't fit your narratives.
And I still can't read that NYT article as it's still July - so, yes, I've (as you said) "dismissed" the article - lest I comment on something that I haven't read and you jump all over me for my "ignorance".
ElNono
07-29-2018, 01:50 PM
You did not post a LINK above for the original source - do you expect posters to go searching the internet for something from Source: Bureau of Economic Analysis. You then posted the below LINK one day ago - a whole 2 days later.
:lmao
What happens when you click on the underlines "said this month" in that post you just quoted? It was there all the time, you just fucking missed it. Keep whining tho.
lol bold letters
Pavlov
07-29-2018, 02:01 PM
I know you're being sarcastic, but this is actually a subject we touched upon before.
In times where the economy is faltering, there's depression, high unemployment, etc, it makes sense to run some deficits to increase liquidity and try to accelerate the velocity of money. But once the economy is in full flight, you want to do the opposite: rake in the money to cover for that previous expense. The latter normally starts happening (see Barry entering his government with a $1.4 trillion fiscal deficit and the economy in shambles, and leaving with a $693 billion deficit and a solid economy), but it normally gets derailed by some unpaid-for benefit.Yeah, people say Keynesian orthodoxy is always a failure but in reality we've only ever tried half of it.
ElNono
07-29-2018, 04:20 PM
Yeah, people say Keynesian orthodoxy is always a failure but in reality we've only ever tried half of it.
Don't worry though, suddenly a lot of peeps will become fiscal hawks overnight when their team is no longer in power, tbh...
I apologize but I'm not looking for any underline/link under "said this month" - geez, this is like bou's light yellow links. Someone might have pointed that out earlier but I guess it's fun watching me make a fool of myself.
boutons_deux
07-31-2018, 07:15 AM
the oligarchy kakistocracy giving itself another $100B in tax cuts
Trump administration considers tax cut for the wealthy
The Treasury Department is considering a tax cut for the wealthiest Americans through a change that
would not need approval from Congress,
officials said, a move that would follow a package of tax cuts last year that also benefited the super-rich.
studying whether to
allow investment income, known as capital gains, to be adjusted for inflation in a way that shields more of it from taxation.
Most capital gains are paid by wealthier Americans, who disproportionately hold large portfolios of investments.
But the use of executive power on such a significant change to the tax law would be highly unusual and could be vulnerable to a legal challenge.
Senior administration officials have discussed whether to proceed but have not concluded they have legal authority to do so.
The move was rejected during the George H.W. Bush administration because
it was seen as outside the scope of Treasury’s authority and only attainable via an act of Congress.
https://www.washingtonpost.com/business/economy/trump-administration-considers-tax-cut-for-the-wealthy/2018/07/30/1dbaafbc-9442-11e8-810c-5fa705927d54_story.html?utm_term=.cddd717790b7
the oligarchy's SCOTUS5 whores would wave it through
Winehole23
09-21-2018, 11:28 AM
a GOP sponsored poll shows voters think the Trump tax cut favors "corporations and rich Americans" over "middle-class families" by a margin of two to one.
https://www.bloomberg.com/news/articles/2018-09-20/internal-gop-poll-we-ve-lost-the-messaging-battle-on-tax-cuts
boutons_deux
09-21-2018, 11:37 AM
a GOP sponsored poll shows voters think the Trump tax cut favors "corporations and rich Americans" over "middle-class families" by a margin of two to one.
https://www.bloomberg.com/news/articles/2018-09-20/internal-gop-poll-we-ve-lost-the-messaging-battle-on-tax-cuts
but all that matters to Repug voters, is not their finances, not their flat real incomes, but god, guns, gays, browns, Muslims, blacks, regulation of female sex and vaginas.
boutons_deux
09-24-2018, 09:46 PM
Buybacks Continued to Boom Last Quarter: DealBook’s Closing Bell
Companies in the Standard & Poor’s 500-stock index bought back a record $189.1 billion of their shares during the second quarter, up nearly 60 percent from a year ago, according to S.&P. Dow Jones Indices.
The figure topped the previous high of $178 billion set during the first quarter. Through the first six months, corporate buybacks stand at $379.7 billion, a 50 percent increase from the same period in 2017.
Technology companies were the busiest, accounting for nearly 37.5 percent of the activity.
Apple again led the way.
The iPhone maker bought $21.9 billion of its shares back last quarter.
Apple accounted for 11.5 percent of all buyback activity by S.& P. 500 companies.
https://www.nytimes.com/2018/09/24/business/dealbook/corporate-stock-buybacks.html?partner=rss&emc=rss
How's That Trickle Down workin' for ya, non-oligarchs?
Winehole23
09-28-2018, 12:00 PM
tax cut 2.0, 3.1 trillion dollars more over 10 years, passes the House of Representatives:
https://pbs.twimg.com/media/DoMY9eHX0AAqsXn.jpg
SnakeBoy
09-28-2018, 12:39 PM
tax cut 2.0, 3.1 trillion dollars more over 10 years, passes the House of Representatives:
https://pbs.twimg.com/media/DoMY9eHX0AAqsXn.jpg
That's fucked up. The people making under $29K would be getting a $105K tax cut if there was any justice in this horrible world we live in. It's just so unfair.
Winehole23
09-28-2018, 03:13 PM
Snake Boy, so out of touch
boutons_deux
10-16-2018, 07:51 AM
Think the GOP Tax Cut Was for the Rich? Actually, It Was for the White and Rich.
At nearly every point on the economic spectrum, a new report documents, it helped whites more than people of color.
http://prospect.org/sites/default/files/styles/large/public/ap_17354826420317.jpg?itok=_pjdXd2c
The $1.5 trillion tax cut signed into law last December by President Trump is
not only widening the economic gap between the rich and everyone else, but also between white Americans and people of color.
Of the $275 billion in individual and business tax cuts doled out by the law this year, some $218 billion will go to white households, according to the report.
Black and Latino households are expected to take in only $32 billion total between the two groups.
On average, white households will get $2,020 in cuts, while black households will receive $840 and Latino households $970.
http://prospect.org/article/think-gop-tax-cut-was-rich-actually-it-was-white-and-rich (http://prospect.org/article/think-gop-tax-cut-was-rich-actually-it-was-white-and-rich)
iow, AmeriKKKa is a pretty shit place to live if you're non-white, non-male, since the country is rigged in 1000s of ways for whites, esp white males.
Freedom! Equality! The American Dream!
johnsmith
10-16-2018, 09:23 AM
Think the GOP Tax Cut Was for the Rich? Actually, It Was for the White and Rich.
At nearly every point on the economic spectrum, a new report documents, it helped whites more than people of color.
http://prospect.org/sites/default/files/styles/large/public/ap_17354826420317.jpg?itok=_pjdXd2c
The $1.5 trillion tax cut signed into law last December by President Trump is
not only widening the economic gap between the rich and everyone else, but also between white Americans and people of color.
Of the $275 billion in individual and business tax cuts doled out by the law this year, some $218 billion will go to white households, according to the report.
Black and Latino households are expected to take in only $32 billion total between the two groups.
On average, white households will get $2,020 in cuts, while black households will receive $840 and Latino households $970.
http://prospect.org/article/think-gop-tax-cut-was-rich-actually-it-was-white-and-rich (http://prospect.org/article/think-gop-tax-cut-was-rich-actually-it-was-white-and-rich)
iow, AmeriKKKa is a pretty shit place to live if you're non-white, non-male, since the country is rigged in 1000s of ways for whites, esp white males.
Freedom! Equality! The American Dream!
So this super important article is dropping the bombshell that there is a large (now larger) gap between minority wealth and white wealth.....it’s hard hitting articles like this that keep you relevant Boutons. Obviously the tax cuts were racist right man?
I’m just throwing this out there for you Boutons, but maybe it’s time to stop posting non stop every day....it has been like 13 years of your life you’ve dedicated to what I only assume is the non stop goal of reaching a million posts.
Isitjustme?
10-16-2018, 09:25 AM
That's fucked up. The people making under $29K would be getting a $105K tax cut if there was any justice in this horrible world we live in. It's just so unfair.
Massive deficit good now that darky gone from office
Winehole23
10-16-2018, 09:46 AM
the deficit increased by one third in one year. while the economy was expanding.
when will the tax cut start paying for itself?
Winehole23
10-16-2018, 10:11 AM
or maybe the whole point to create a deficit so large that Medicare and Social Security cuts are seen as inevitable
Spurs Homer
10-16-2018, 10:19 AM
So this super important article is dropping the bombshell that there is a large (now larger) gap between minority wealth and white wealth.....it’s hard hitting articles like this that keep you relevant Boutons. Obviously the tax cuts were racist right man?
I’m just throwing this out there for you Boutons, but maybe it’s time to stop posting non stop every day....it has been like 13 years of your life you’ve dedicated to what I only assume is the non stop goal of reaching a million posts.
The article - if you read it - gets a little more in depth and actually explains it. You could arguably make a case that the tax cuts were more favorable to whites.
Voter suppression is also. Gerrymandering qualifies.
Not that hard to see that the browning of Amerikkka is actually scaring the shit out of whites.
No accident that the cheating going on in this country today is being done by Republicans who are making it twice as hard against minorities and they are making sure that minorities jump through twice as many hoops as whites.
(see North Dakota & Native Americans)
The article - for example - shows that more whites are in the middle class than minorities - so when the middle class receives a tax cut - it is benefiting more white people than minorities who are still not in the middle class yet.
johnsmith
10-16-2018, 11:08 AM
The article - if you read it - gets a little more in depth and actually explains it. You could arguably make a case that the tax cuts were more favorable to whites.
Voter suppression is also. Gerrymandering qualifies.
Not that hard to see that the browning of Amerikkka is actually scaring the shit out of whites.
No accident that the cheating going on in this country today is being done by Republicans who are making it twice as hard against minorities and they are making sure that minorities jump through twice as many hoops as whites.
(see North Dakota & Native Americans)
The article - for example - shows that more whites are in the middle class than minorities - so when the middle class receives a tax cut - it is benefiting more white people than minorities who are still not in the middle class yet.
So what you’re saying is the article shows that minorities are having a tougher time....man, again, hard hitting shit....thanks for the explanation.
Spurs Homer
10-16-2018, 11:20 AM
So what you’re saying is the article shows that minorities are having a tougher time....man, again, hard hitting shit....thanks for the explanation.
You still didn't read it.
Can't help you.
boutons_deux
10-16-2018, 11:25 AM
or maybe the whole point to create a deficit so large that Medicare and Social Security cuts are seen as inevitable
Ayn Ryan has said as much, years ago. Medicare, Medicaid, SS, any and all govt aid to the needy, retirees would be cut severely. Trash's budgets agree.
When it happens, eg after November, nobody should be surprised.
boutons_deux
11-04-2018, 08:48 AM
Trump rattles his saber at the “caravan,” while Mnuchin splashes $1.3338 trillion in debt
Trump’s treasury just broke the trillion dollar debt mark and
we are busy watching him bark at the southern border
https://www.salon.com/2018/11/04/trump-rattles-his-saber-at-the-caravan-while-mnuchin-splashes-1-3338-trillion-in-debt/
Repug deficits to enrich the oligarchy don't matter
Winehole23
11-14-2018, 01:55 AM
are tax cuts paying for themselves yet?
The U.S. recorded a $100.5 billion budget deficit in October, an increase of about 60 percent from a year earlier, as spending grew twice as fast as revenue.
The deficit widened from $63.2 billion in the same month last year, the department said in an emailed statement on Tuesday. October marks the start of the U.S. fiscal year.
Receipts totaled $252.7 billion last month, up 7 percent from a year earlier, while outlays climbed 18 percent to $353.2 billion, according to the department.https://www.bloomberg.com/news/articles/2018-11-13/u-s-budget-gap-jumps-to-100-billion-at-start-of-fiscal-year
boutons_deux
11-14-2018, 01:49 PM
One year later, an analysis of the U.S. economy shows just how destructive the GOP tax scam was (https://www.dailykos.com/stories/2018/11/13/1812551/-One-year-later-an-analysis-of-the-U-S-economy-shows-just-how-destructive-the-GOP-tax-scam-was)
JPMorgan Chase analysts estimate that in the first half of 2018,
about $270 billion in corporate profits previously held overseas were repatriated to the United States and spent as a result of changes to the tax code.
Some 46 percent of that, JPMorgan Chase analysts said, was spent on $124 billion in stock buybacks.
The flow of repatriated corporate cash is just one tributary in what has become
a flood of payouts to shareholders (https://www.nytimes.com/2018/05/18/business/tax-cut-stock-buybacks.html?module=inline), both as buybacks and dividends.
Such payouts are expected to hit almost $1.3 trillion this year, up 28 percent from 2017, according to estimates from Goldman Sachs analysts.
What Republicans banked on was that corporations would make initial big splashes,
including corporate statements that attempted to mislead the public by conflating deals already in place,
negotiated between unions and executives, with the tax breaks.
In many cases, those businesses are slashing jobs (https://www.dailykos.com/stories/2018/4/24/1759571/-AT-T-s-union-says-company-has-been-slashing-jobs-since-tax-cuts-promise-ready-to-strike),
continuing forward with the plans they had in place
before Trump and the Republican Party robbed the nation’s coffers.
Report after report has come out showing that
big business is indeed making economic “history”… with record-setting corporate buybacks. (https://www.dailykos.com/stories/2018/9/17/1796459/-Corporations-binge-on-stock-buybacks-using-tax-cut-cash-they-were-suppose-to-create-jobs-with)
the New York Times gave this explanation. (https://www.nytimes.com/2018/11/12/business/economy/trumps-tax-cut-was-supposed-to-change-corporate-behavior-heres-what-happened.html?rref=collection%2Fbyline%2Fjim-tankersley&action=click&contentCollection=undefined®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection)
It’s highly unusual for deficits and borrowing needs to grow this much during periods of prosperity.
A broad variety of analysts attribute the widening deficit to the tax cuts (along with increased military and other domestic spending ushered in through a bill Mr. Trump signed earlier this year).
https://www.dailykos.com/stories/2018/11/13/1812551/-One-year-later-an-analysis-of-the-U-S-economy-shows-just-how-destructive-the-GOP-tax-scam-was?detail=emaildkre
Winehole23
12-17-2018, 02:26 PM
chart-o-rama @ the link:
Where and to whom did the corporate profits go? They were paid out in dividends, stock buybacks, and corporate bonuses, etc.. The benefits flowed to the top 10% of the population who own 90%+ of all stocks and financial assets. Likewise, they are the beneficiaries of rising dividends, and directly received the bonuses. Since '01, the shrinking class of asset holders are reaping the lion's share of the benefits of lower corporate taxation. Perhaps, as European capitals are burning for a very similar situation there, this is something worthy of greater discussion on this side of the pond?
https://www.zerohedge.com/news/2018-12-17/who-benefits-lower-corporate-taxation
boutons_deux
12-17-2018, 02:46 PM
the economy is booming for oligarchy grabbing 90%+ of the gains,
labor in short supply, so ...
More than half of Americans say they didn’t get a pay raise this year
More than 60% of Americans said they didn’t get a pay raise at their current job or get a better-paying job in the last 12 months,
The average chief executive officer at the 350 largest firms in the U.S. received $18.9 million in compensation in 2017,
the study showed, a 17.6% increase over 2016.
Despite those disparities,
91% of Americans say they have the same or greater confidence in the job market than they did one year ago, :lol
https://www.marketwatch.com/story/the-majority-of-americans-did-not-get-a-pay-raise-this-year-2018-12-12
:lol All y'all stupid fucks try to pay your rent, buy food with all that wonderful "confidence" :lol
Household debt at record levels (aka being fleeced with usurious 20%+ APR interest) .
boutons_deux
12-23-2018, 10:06 AM
A Year After the Middle Class Tax Cut, the Rich Are Winning
The price tag, though, was enormous: by some estimates, as much as $1.9 trillion over 10 years.
THE PROMISE
The wealthy won't benefit
“The rich will not be gaining at all with this plan.”
– President Donald Trump, Sept. 13, 2017
https://www.bloomberg.com/graphics/2018-tax-plan-consequences/
:lol
boutons_deux
01-02-2019, 11:17 PM
Feds report that U.S. debt is $2 trillion larger than the day Donald Trump took office
Donald Trump promised to eliminate the national debt within eight years.
However, his first two calendar years in office have ballooned the debt.
The United States Treasury Department numbers show the debt is $2 trillion larger than the day Trump took office,
“We’ve got to get rid of the $19 trillion in debt,” Trump promised (https://www.washingtonpost.com/news/fact-checker/wp/2016/04/02/trumps-nonsensical-claim-he-can-eliminate-19-trillion-in-debt-in-eight-years/?noredirect=on&utm_term=.930fa88d87e2) as a candidate. “Well, I would say over a period of eight years. And I’ll tell you why.”
The debt now stands at nearly $22 trillion.
https://www.rawstory.com/2019/01/feds-report-u-s-debt-2-trillion-larger-day-donald-trump-took-office/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29
where are the Simpson-Bowles people and Petersen Inst shitbags now?
They HOWLED about the debt under Obama, but now they are silent
boutons_deux
01-28-2019, 12:00 PM
$1.5 trillion US tax cut has no major impact on business capex plans
The Trump administration’s $1.5 trillion cut tax package appeared to have no major impact on businesses’ capital investment or hiring plans
84 percent of respondents said they had not changed plans.
That compares to 81 percent in the previous survey published in October.
The White House had predicted that the massive fiscal stimulus package, marked by the reduction in the corporate tax rate to 21 percent from 35 percent, would boost business spending and job growth.
“A large majority of respondents, 84 percent, indicate that one year after its passage, the corporate tax reform has not caused their firms to change hiring or investment plans,”
https://www.rawstory.com/2019/01/1-5-trillion-us-tax-cut-no-major-impact-business-capex-plans-survey/
Of course not. That was just the usual LIE, eg trickle down, that the oligarchy spews when purchasing govt actions that enable/protect/enrich the oligarchy.
Winehole23
01-28-2019, 02:01 PM
No effect on capex one year on:
1089920272675819522
Winehole23
01-28-2019, 02:02 PM
No effect on capex one year on:
1089920272675819522
Winehole23
01-28-2019, 05:29 PM
Extraction, not development:
1089951133437579264
Extraction, not development:
1089951133437579264
but it will trickle down eventually :cry
Winehole23
01-29-2019, 04:45 AM
but it will trickle down eventually :crysupport for supply side economics is faith-based.
Winehole23
01-29-2019, 05:10 AM
the 2017 tax cuts were essentially a heavy bribe to the political donor class.
boutons_deux
01-29-2019, 07:33 AM
the 2017 tax cuts were essentially a heavy bribe to the political donor class.
the word is CORRUPTION. BigDonor gets $Ts in tax cuts, then uses small change from those $Ts to finance the Repugs who then do as BigDonor dictates.
BLATANT CORRUPTION
... is why America can't have nice things For The People.
boutons_deux
02-07-2019, 12:06 AM
Millions Of Americans Won’t Get Refund Checks This Year Because Of The Trump-GOP Tax Scam
Millions of Americans may be denied a refund check during tax season this year due to the tax scam enacted by Donald Trump and his Republican allies in Congress.
“The rush to write and carry out the new tax law could have bad consequences for millions.”
The report cited one example of a New York resident, Ben Williams, who received a $750 refund last year and now owes $4,600 this year – a turnaround of over $5,000.
while the Trump-GOP tax scheme did simplify the tax code and cut rates, the savings could be offset by the number of deductions that were eliminated, which Americans rely on to reduce their taxable income.
Blue state residents will be hit hardest
Republicans targeted wealthy (and heavily Democratic) metropolitan areas for tax hikes and
also because of how President Donald Trump’s administration implemented the law.”
“millions more households” will be “getting a bill from the IRS” and many of those households “just so happen to be clustered in states where people tend to vote for Democrats.”
a hastily crafted political document that will disproportionately hurt this president’s political opponents.
It’s bad economics and despicable politics.
https://www.politicususa.com/2019/02/06/millions-americans-refund-checks-tax-scam.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29
boutons_deux
02-07-2019, 12:41 AM
:lol Trash fucked his erotomaniacs financially :lol
‘I trusted you!’ :lol
Trump voters seethe after realizing they’re getting screwed by the GOP’s tax plan
https://www.rawstory.com/wp-content/uploads/2018/03/Trump-Fan-Book-Store-800x430.png
Multiple supporters of President Donald Trump over the past couple of weeks have taken to Twitter to air their grievances about the president’s signature tax cut plan (https://www.rawstory.com/2018/12/trumps-tax-cuts-arent-just-starving-government-cash-theyre-expected-hurt-charities/).
many middle-class Americans are winding up having to pay more because the bill eliminated multiple deductions used by middle-class families to lower their annual tax payments.
the tax bill capped deductions for taxes paid to state and local governments (https://www.rawstory.com/2017/12/us-taxpayers-rush-to-claim-deductions-that-are-under-threat-from-the-gops-tax-bill/), while massively increasing the amount of money you must donate to qualify for a charitable giving deduction.
Dennis Jordan@DennisMJordan
(https://twitter.com/DennisMJordan)Replying to @GOPChairwoman @GOP (https://twitter.com/_/status/1092780633577918470)
I am a Republican voter. I just did our taxes.
The @GOP (https://twitter.com/GOP) tax bill cost my family THOUSANDS of dollars this year on our return due to changes, thereby hitting us with the LARGEST tax increase of our lives.
We are middle-class homeowners, and you raised our taxes.
Infuriating!
(https://twitter.com/intent/like?tweet_id=1092784259864109057)7:57 AM - Feb 5, 2019 (https://twitter.com/DennisMJordan/status/1092784259864109057)
Iamnewatthis@sandynewtothis
(https://twitter.com/sandynewtothis)
Replying to realDonaldTrump (https://twitter.com/_/status/1091417236475179008)
I have to pay $2000 MORE in taxes this year! What happened?? I voted for you and thought you were fixing this, not making it worse!? I thought I would get money back this year!?
(https://twitter.com/intent/like?tweet_id=1091425171477614592)1:56 PM - Feb 1, 2019 (https://twitter.com/sandynewtothis/status/1091425171477614592)
Nycgirl@nlnp99
(https://twitter.com/nlnp99)Replying to @WhiteHouse @POTUS (https://twitter.com/_/status/1092502556071391233)
Voted for you . Family of
2 hard working N.Y. cops. Did taxes for years we would pay more and get a refund at the end of the year to help pay debt . First time in 30 years We had to pay more in Federal
Taxes. I’m disgusted
8:13 PM - Feb 4, 2019 (https://twitter.com/nlnp99/status/1092606993792225281)
Joel Serbin@JoelSerbin
(https://twitter.com/JoelSerbin)
@POTUS (https://twitter.com/POTUS) thank you for screwing the middle class with your tax reform. I have never in my life, I’m 49 years old, had to pay into the IRS until this year. We have a combined income of 150,000. The middle class voted for you. I will not make the same mistake twice.
11:15 PM - Feb 3, 2019 (https://twitter.com/JoelSerbin/status/1092290564018659328)
Jay Wright@nochcknstrps12r
(https://twitter.com/nochcknstrps12r)
@RepDonBacon (https://twitter.com/RepDonBacon) I just finished my taxes and we're paying an extra 4k this year since exemptions are gone. With a High D HC plan, this has not been a good year. I voted for you twice now. What's the plan?
(https://twitter.com/intent/like?tweet_id=1092060775550799872)8:02 AM - Feb 3, 2019 (https://twitter.com/nochcknstrps12r/status/1092060775550799872)
Thomas DeLucca@TDeLucca7728
(https://twitter.com/TDeLucca7728)
real[/MENTION]DonaldTrump (https://twitter.com/realDonaldTrump) I voted for you, and believe in the things you are doing, but you screwed us middle class with taxes. I can’t itemize or anything. How about a flat tax and get rid of earned income credit. Some don’t earn income but get more back in taxes for having baby’s.
7:55 PM - Feb 2, 2019 (https://twitter.com/TDeLucca7728/status/1091877738603036674)
Shelby Kuh@ShelbyKuh
(https://twitter.com/ShelbyKuh)Replying to realDonaldTrump (https://twitter.com/_/status/1089166942685069313)
I voted for you the first time but after you screwed me on my get tax break I won’t vote for you again especially after I started on my 2018 return it’s a joke the taxes you are keeping from a working person good luck in 2020
(https://twitter.com/intent/like?tweet_id=1091688624087805953)7:23 AM - Feb 2, 2019 (https://twitter.com/ShelbyKuh/status/1091688624087805953)
Joshua Curtis@dcjchris
(https://twitter.com/dcjchris)
Replying to @juliobailon realDerekUtley (https://twitter.com/_/status/1088790690623090689)
I voted for real[/MENTION]donaldtrump (https://twitter.com/realDonaldTrump), but that unfortunately that means I have to pay higher taxes.
(https://twitter.com/intent/like?tweet_id=1089041035622199297)12:03 AM - Jan 26, 2019 (https://twitter.com/dcjchris/status/1089041035622199297)
A9N7G3
(https://twitter.com/973angie)@973angie
(https://twitter.com/973angie)
(https://twitter.com/973angie)Worse tax return I had in a decade! I admit I voted for real[/MENTION]DonaldTrump (https://twitter.com/realDonaldTrump) but he has officially lost my vote for 2020.
1:06 PM - Jan 23, 2019 (https://twitter.com/973angie/status/1088151062111023104)
Speziale-Matheny@Speciale3886
(https://twitter.com/Speciale3886)
(https://twitter.com/Speciale3886)Replying to realDonaldTrump (https://twitter.com/_/status/1089589587456991233)
Wait til you file your taxes. Middle class just lost half their return. Lowest refund I have ever had and I am 50yrs old. No wall and now this tax reform sucks too!! Starting to doubt Trump. I voted for him and trusted him too.
2:53 PM - Jan 27, 2019 (https://twitter.com/Speciale3886/status/1089627517772881925)
Iamnewatthis@sandynewtothis
(https://twitter.com/sandynewtothis)
replying to realDonaldTrump (https://twitter.com/_/status/1091417236475179008)
I have to pay $2000 MORE in taxes this year! What happened?? I voted for you and thought you were fixing this, not making it worse!? I thought I would get money back this year!?
(https://twitter.com/intent/like?tweet_id=1091425171477614592)1:56 PM - Feb 1, 2019 (https://twitter.com/sandynewtothis/status/1091425171477614592)
Joshua Curtis@dcjchris
(https://twitter.com/dcjchris)
Replying to @juliobailon realDerekUtley (https://twitter.com/_/status/1088790690623090689)
I voted for real[/MENTION]donaldtrump (https://twitter.com/realDonaldTrump), but that unfortunately that means I have to pay higher taxes.
(https://twitter.com/intent/like?tweet_id=1089041035622199297)12:03 AM - Jan 26, 2019 (https://twitter.com/dcjchris/status/1089041035622199297)
https://www.rawstory.com/2019/02/trusted-trump-voters-seethe-realizing-theyre-getting-screwed-gops-tax-plan/
boutons_deux
02-09-2019, 02:00 PM
Netflix made a record $845 million, paid ZERO in taxes, and reported a $22 million rebate (https://www.dailykos.com/stories/2019/2/8/1833347/-Netflix-made-a-record-845-million-paid-ZERO-in-taxes-and-reported-a-22-million-rebate)
Republicans and other conservative economic scam artists like to remind us all that in saving all of that tax money, and bulging with more profits,
companies like Netflix will not only build out their infrastructure,
they will pass on that savings to the consumer! (https://www.theverge.com/2019/1/15/18183602/netflix-subscription-price-raise-us-streaming-plans)
The service’s most popular plan will increase from $11 to $13 per month for HD streaming.
Netflix’s most expensive plan, which offers 4K content and up to four simultaneous streams on different devices, will increase from $14 to $16.
And the service’s basic plan, which doesn’t offer HD, will raise from $8 to $9.
https://www.dailykos.com/stories/2019/2/8/1833347/-Netflix-made-a-record-845-million-paid-ZERO-in-taxes-and-reported-a-22-million-rebate
Capt Bringdown
02-09-2019, 04:29 PM
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ircr7j5Itedk/v1/800x-1.png
Winehole23
02-09-2019, 07:51 PM
fewer income tax refunds and smaller: not politically savvy.
https://news.yahoo.com/average-tax-refunds-down-8-054836423.html
The poorest 20% pay the lowest taxes, and the richest 20% pay the most taxes.
People should not be getting tax refunds - that's a free loan to Uncle Sam. They should aim to owe Uncle Sam whatever is right below paying a penalty.
boutons_deux
02-11-2019, 12:22 PM
Time to Pay the Trump Tax as GOP Tax Cut for the Rich Hits Working Families Hard
“Republicans ran a sort of stimulus program buy reducing your withholding under new tables without the experience of knowing what would happen.
About 25% of taxpayers who had been itemizing deductions will not be able to do so under the new law and
those people are going to get a real shock
because of the limitation of how much they can deduct for state and local taxes…
and you’re going to pay more.”
Trump’s tax laws take away from police officers the ability to deduct cleaning their uniforms, their guns, etc
as well as taking away property taxes and medical deductions and home equity loan against your house.
He also said all of this was done instantaneously.
He said many people will have to borrow money to pay the IRS.
Republicans didn’t phase this huge tax overhaul in slowly because
“Why did they do this so abruptly, why didn’t they phase in the way Ronald Reagan did?
Because they couldn’t make the budget numbers work for the tax cut for the richest among us
unless they hit the middle class first fully,”
https://www.politicususa.com/2019/02/11/time-to-pay-the-trump-tax-as-gop-tax-cut-for-the-rich-hits-working-families-hard.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29
midnightpulp
02-11-2019, 01:28 PM
The poorest 20% pay the lowest taxes, and the richest 20% pay the most taxes.
People should not be getting tax refunds - that's a free loan to Uncle Sam. They should aim to owe Uncle Sam whatever is right below paying a penalty.
And they should still be paying more, especially 1 million per year and over earners. Conservatives seem not to understand the proportional argument and think citing the fact that the wealthy already pay the majority of taxes somehow absolves them of everything. Here's what we mean by the proportional argument. A single filer making 85K per year pays 24% in federal taxes. A single filer making 1 million dollars per year pays 37%. So the million dollar earner only pays 50% more in taxes despite making 12 times as much. Oh, here's where the bootstrap and wealth creation arguments come in. First of all, it's impossible to quantify how "hard and smart" each respective person has worked for their money. Secondly, wealth doesn't trickle down nor "create jobs." Been proven ad nauseum.
I'd be all for the rich keeping more of their money if: We cut our bloated defense spending to the bare minimum. Tighten up regulations on health care, setting price caps for medicine and services (fun fact: we throw more tax dollars at health care than any other country, yet don't have universal health care because the profit model of our system encourages practices like over-treating minor ailments to rack up the bill or arbitrarily charging ludicrous prices for drugs and services. Private insurers can then raise premiums, further enriching themselves, while the tax-payer subsidizes the cost of little old granny on Medicare getting "billed" 2500.00 for a new portable oxygen setup that was made for 20.00 in China).
Spurs Homer
02-11-2019, 02:50 PM
but- but -
where is my postcard to file my gigantic tax refund?
Trill Clinton
02-13-2019, 12:42 PM
Netflix made a record $845 million, paid ZERO in taxes, and reported a $22 million rebate (https://www.dailykos.com/stories/2019/2/8/1833347/-Netflix-made-a-record-845-million-paid-ZERO-in-taxes-and-reported-a-22-million-rebate)
Republicans and other conservative economic scam artists like to remind us all that in saving all of that tax money, and bulging with more profits,
companies like Netflix will not only build out their infrastructure,
they will pass on that savings to the consumer! (https://www.theverge.com/2019/1/15/18183602/netflix-subscription-price-raise-us-streaming-plans)
The service’s most popular plan will increase from $11 to $13 per month for HD streaming.
Netflix’s most expensive plan, which offers 4K content and up to four simultaneous streams on different devices, will increase from $14 to $16.
And the service’s basic plan, which doesn’t offer HD, will raise from $8 to $9.
https://www.dailykos.com/stories/2019/2/8/1833347/-Netflix-made-a-record-845-million-paid-ZERO-in-taxes-and-reported-a-22-million-rebate
Just saw this. What in the hell????!
I haven't filed yet but I'm seeing a lot of people complaining about this tax cut only benefiting the wealthy.
Can this law be repealed? It's only going to get worse next year.
boutons_deux
02-16-2019, 08:36 PM
Just saw this. What in the hell????!
I haven't filed yet but I'm seeing a lot of people complaining about this tax cut only benefiting the wealthy.
Can this law be repealed? It's only going to get worse next year.
GE Jack Welch fired 1000s of engineers, but had 1000 people in GE tax dept, evading/avoiding taxes, while Welch pushed hard to expand GE Capital (wall st casino). Like NF, GE often paid no taxes and got huge refunds, even when it was a major company
GE is fucked now, and Welch is adored as some kind of Capitalist demi-god.
boutons_deux
02-16-2019, 08:47 PM
Taxing Waters Rising. (https://www.dailykos.com/stories/2019/2/14/1834699/-Taxing-Waters-Rising)
https://images.dailykos.com/images/643644/story_image/6E34A18B-21B3-46AD-B956-178A25076CB3.jpeg?1550116035
So off to the local greasy spoon I went.
The place was packed with guys like me 40+ white working class/farmers,
hey it’s rural Wisconsin, and
they were all bitching about one thing. Taxes.
It wasn’t the quietly disgruntled sort of mildly irritated bitching.
It was a seething sort of muted rage that comes from people who are seriously pissed and
are looking for someone to blame kind of bitching.
Then ol’ Chuck Grassley appears on the TV pontificating about taxes. Ho Boy.
Spark meet gasoline.
Even the owner and waitresses lost their shit.
I think “Bald faced fucking liar” was the mildest term I heard used and that was a waitress.
Everyone and I do mean every single person in that establishment started
comparing just what they had to cough up in taxes or
just how small their return was going to be if they got one compared to last years.
People were going to be short 5k minimum on their refunds.
Others were in the hole to the IRS up to 12k.
Vacations were being canceled.
Repairs and purchases are being postponed.
Vehicles are not going to be purchased.
Then the farmers started bitching about who they were going to sell soybeans to.
What should they plant? Corn? Soybeans? It’s time to order seed you know? How can I make a profit if I can’t sell what I grow?
Is this China shit going to be sorted out soon?
Who gives a fuck about a border wall I need fucking laborers.
Does that fat orange bastard really know what the fuck he’s doing?
50% of these people voted for Trump, Walker and Duffy.
Now granted there were some MAGA hat wearing folks in there and
a couple spouted off about staying the course and talking points.
My did that go over well. Not.
Long story short
they eventually brought up her e-mails. Whoopsie.
An older farmer who could probably buy the place stood up and said his piece.
“You voted for republicans in 2016 because you were angry
about a black man being president for eight years and
there was no damned way you were going to have a woman,
let alone that woman be president.
You got what you wanted.
It wasn’t just that shitbag Trump.
It was
republicans in the House of Representatives and
republicans in the Senate
that drafted these tax laws you’re all cryin’ about.
You’re stupid. You never learned nothing.
You don’t look at history.
Republicans ALWAYS do what really rich people tell’em to.
It ain’t about fags, blacks, Jesus, God, her emails, abortions, guns, or any of that other shit they holler about.
Religious freedom don’t need no special laws it’s right there in that constitution they keep spittin’ on.
It’s about the money.
It’s about how they can take your money and give it to people who flat don’t fucking need it.
All of you need to grow up and take responsibility for your damned government.
2018 was a damned fine year.
Democrats in charge of congress again.”
Then Mr. MAGA Major bigmouth just had to say it
“ What about that Pelosi bitch and
all them ****** women in congress? They’re going to wreck it!”
Farmer:
“Son you’d best be grateful that Pelosi bitch is a mean ol’ bitch and those women are serious about government.
They’re the ones
going to save your stupid ass from yourself.
How you going to cover that tax bill you owe Bill?
You need loan? Maybe next year this time we’ll have us a real honest set of tax laws.
Then again maybe you like paying this much in taxes every year? No? Thought not.”
Exit the farmer. A badass-first-class-taking-no-shit-from-anyone farmer.
It got real quiet for about 30 seconds as the MAN paid his tab and left.
Then a new kind of hum started building in the place.
the kind that made me grin and
made the MAGA boys nervous.
And to think what that farmer would have said about Mueller?
Now there, yes there is something I’d like to have a sit down and listen to.
Maybe I can have that after I go see him about what he’ll be asking for half a beef.
https://www.dailykos.com/stories/2019/2/14/1834699/-Taxing-Waters-Rising?detail=emaildkcs
boutons_deux
02-18-2019, 03:46 PM
‘That’s it, I’m done’: Trump voter quits supporting president after her tax bill increases five fold
https://www.rawstory.com/2019/02/thats-im-done-trump-voter-quits-supporting-president-tax-bill-increases-five-fold/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29
spurraider21
02-18-2019, 03:48 PM
fewer income tax refunds and smaller: not politically savvy.
https://news.yahoo.com/average-tax-refunds-down-8-054836423.html
I wound up owing for the first time ever.
ElNono
02-18-2019, 04:20 PM
The poorest 20% pay the lowest taxes, and the richest 20% pay the most taxes.
People should not be getting tax refunds - that's a free loan to Uncle Sam. They should aim to owe Uncle Sam whatever is right below paying a penalty.
:lol smh
boutons_deux
02-24-2019, 11:09 AM
Thanks To GOP Tax Cut, Bank Profits Rose $28.8 Billion In 2018
Isadora Bielsky was recently brought to tears when she learned that, rather than getting a refund,
she owed (https://www.cbsnews.com/news/federal-tax-refund-2019-irs-colorado-woman-tax-bill-left-her-in-tears/) $8,000 in taxes this year, thanks (https://shareblue.com/tax-refunds-lower-gop-tax-scam/) to the GOP tax scam.
Banks saw their profits soar by more than $70 billion over 2017 levels, but the
$28.8 billion was solely because of goodies and kickbacks Republicans inserted into the tax bill,
which passed Congress in late 2017 without a single vote from a Democrat.
Amazon made $11.2 billion profit, but rather than pay any taxes, they filed (https://itep.org/amazon-in-its-prime-doubles-profits-pays-0-in-federal-income-taxes/) for a $129 million refund.
Other corporations like Goodyear, Netflix, and U.S. Steel each made hundreds of millions of dollars in profits, and
each is seeking a refund.
Trump and his congressional allies slashed the corporate rate from 35 percent to 21 percent, and kept plenty of loopholes to further reduce corporate burdens.
Bielsky has a Ph.D. in neuroscience, and her husband is a doctor.
They went to the IRS website to make sure their withholdings were correct.
“If we can’t figure this out, and
we can’t rely on the IRS and their calculators to give us the right information,
what are we supposed to do?”
http://www.nationalmemo.com/thanks-to-gop-tax-cut-bank-profits-rose-28-8-billion-in-2018/?cn-reloaded=1
Trill Clinton
02-25-2019, 09:22 PM
Just saw this. What in the hell????!
I haven't filed yet but I'm seeing a lot of people complaining about this tax cut only benefiting the wealthy.
Can this law be repealed? It's only going to get worse next year.
just did my taxes. man fucc trumphttp://i65.tinypic.com/2ikv23a.jpg
spurraider21
02-25-2019, 09:37 PM
just did my taxes. man fucc trumphttp://i65.tinypic.com/2ikv23a.jpg
people seem to think that the amount of their tax refund reflects the amount of tax they've paid throughout the year. just because your refund is less doesnt mean you paid more over the course of the year. i owed money this year for the first time... but that doesnt mean trump raised my taxes
people seem to think that the amount of their tax refund reflects the amount of tax they've paid throughout the year. just because your refund is less doesnt mean you paid more over the course of the year. i owed money this year for the first time... but that doesnt mean trump raised my taxes
Anecdotal, but the SALT cap is gonna out the few k the tax plan “saved” me. And that doesn’t even get into the other shit.
My recollection was that the plan was going to fuck over anyone who wasn’t a multi-millionaire real estate investor rather quickly
DarrinS
02-25-2019, 10:10 PM
just did my taxes. man fucc trumphttp://i65.tinypic.com/2ikv23a.jpg
:lmao
I'm getting back 6k.
But, I changed my withholdings to zero.
You didn't get screwed, you just had slightly larger paychecks throughout the year.
Ideally, I like to have zero refund. So, next year, I'll probably change my withholdings to 3 or 4 in early October.
DarrinS
02-25-2019, 10:12 PM
Doubling the standard deduction :tu
spurraider21
02-25-2019, 10:18 PM
:lmao
I'm getting back 6k.
But, I changed my withholdings to zero.
You didn't get screwed, you just had slightly larger paychecks throughout the year.
Ideally, I like to have zero refund. So, next year, I'll probably change my withholdings to 3 or 4 in early October.
but were you able to file on a postcard?
DarrinS
02-25-2019, 11:26 PM
but were you able to file on a postcard?
No. TurboTax
Winehole23
02-26-2019, 12:56 AM
I wound up owing for the first time ever.first time it happened to me was 1995. I made less than the year before and owed instead of getting a refund.
Made me think hard about the advice of my friend in the IRS. He said: don't ever file, that way you're not in the system, but it was already too late.
Winehole23
02-26-2019, 12:59 AM
What I was making at the time was pitifully small, but Austin, Tx was still affordable and so was my debt to the country.
DarrinS
02-26-2019, 01:13 AM
What I was making at the time was pitifully small, but Austin, Tx was still affordable and so was my debt to the country.
You still in Austin?
Winehole23
02-26-2019, 01:14 AM
Not that you know.
RandomGuy
02-26-2019, 02:29 PM
Doubling the standard deduction :tu
Average tax refunds fall for third straight week; down 17 percent
https://abc13.com/finance/average-tax-refunds-fall-for-third-straight-week/5157762/
Unlike 2016, Trump will have to run on his record.
People will remember this shit. Bad policy, executed poorly. The Republican party in a nutshell.
It is funny seeing them try to spin this massive tax giveaway to the rich as anything other than organized grift on the part of the swamp monsters running this administration.
Talk about playing into the hands of the Democrats.
spurraider21
02-26-2019, 03:01 PM
Average tax refunds fall for third straight week; down 17 percent
https://abc13.com/finance/average-tax-refunds-fall-for-third-straight-week/5157762/
Unlike 2016, Trump will have to run on his record.
People will remember this shit. Bad policy, executed poorly. The Republican party in a nutshell.
It is funny seeing them try to spin this massive tax giveaway to the rich as anything other than organized grift on the part of the swamp monsters running this administration.
Talk about playing into the hands of the Democrats.
assuming your gross income was constant, does getting a lower refund for 2018 mean you paid more in taxes in 2018?
CosmicCowboy
02-26-2019, 03:03 PM
assuming your gross income was constant, does getting a lower refund for 2018 mean you paid more in taxes in 2018?
Don't try to confuse RG with facts.
RandomGuy
02-26-2019, 03:13 PM
assuming your gross income was constant, does getting a lower refund for 2018 mean you paid more in taxes in 2018?
Nope. The refund is just a metric of how close you got to estimating your ultimate tax bill. (expected-actual) in a perfect world.
That is why this own goal is so funny. The rollout sucked monkey balls, and failed to hammer home "you need to do more withholding you idiot".
People may end up with a bit more money overall, but will be hit with some cash flow crunches.
RandomGuy
02-26-2019, 03:14 PM
Don't try to confuse RG with facts.
Tell me again how huge Benghazi was... :rollin
CosmicCowboy
02-26-2019, 03:36 PM
Tell me again how huge Benghazi was... :rollin
I was never into the Benghazi hysteria but feel free to check.
I was actually referring to simple math. Would you rather get a $4000 tax refund, or get $100 more per week on your paycheck and no tax refund?
CosmicCowboy
02-26-2019, 03:40 PM
Tell me again how huge Benghazi was... :rollin
BTW, I thought the Benghazi "blame it on the internet movie" story was total bullshit and insulting, but I didn't particularly think the attack was hillary's fault either.
CitizenDwayne
02-26-2019, 03:53 PM
So how many trillions does this rousing success add to the deficit?
Nope. The refund is just a metric of how close you got to estimating your ultimate tax bill. (expected-actual) in a perfect world.
That is why this own goal is so funny. The rollout sucked monkey balls, and failed to hammer home "you need to do more withholding you idiot".
People may end up with a bit more money overall, but will be hit with some cash flow crunches.
So you'd rather they end up with less money? And it is Trump's fault that they can't estimate their withholding properly?
boutons_deux
02-26-2019, 08:48 PM
11 Million Taxpayers Are About To Get Screwed Because Of Trump’s Tax Law
the Trump-GOP tax law’s $10,000 cap on state and local deductions could
prevent 10.9 million taxpayers from deducting over $320 billion in their tax filings.
Those who have claimed more than $10,000 in SALT deductions in the past may still be seeing a reduction in their tax liability under Trump’s tax law.
Some taxpayers are likely to have their limit on SALT deductions more than offset by the 2017 tax law’s lower tax rates and larger child tax credit.
And some taxpayers had their SALT deduction limited in the past by the alternative minimum tax but won’t be paying that tax under the new tax law.
in some cases, taxpayers are seeing an increase in their taxes largely because of the SALT deduction cap.
Politicians on both sides of the aisle in high-tax states such as
New York, New Jersey and California
have been arguing that the cap disproportionately hurts their residents.
https://www.politicususa.com/2019/02/26/11-million-taxpayers-screwed-trump-tax-law.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29
11 Million Taxpayers Are About To Get Screwed Because Of Trump’s Tax Law
the Trump-GOP tax law’s $10,000 cap on state and local deductions could
prevent 10.9 million taxpayers from deducting over $320 billion in their tax filings.
Those who have claimed more than $10,000 in SALT deductions in the past may still be seeing a reduction in their tax liability under Trump’s tax law.
Some taxpayers are likely to have their limit on SALT deductions more than offset by the 2017 tax law’s lower tax rates and larger child tax credit.
And some taxpayers had their SALT deduction limited in the past by the alternative minimum tax but won’t be paying that tax under the new tax law.
in some cases, taxpayers are seeing an increase in their taxes largely because of the SALT deduction cap.
Politicians on both sides of the aisle in high-tax states such as
New York, New Jersey and California
have been arguing that the cap disproportionately hurts their residents.
https://www.politicususa.com/2019/02/26/11-million-taxpayers-screwed-trump-tax-law.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29
Why the sympathy for those high earning people, bou? Shouldn't $10k be enough in state/local deductions? Shouldn't your desire be that they should buy smaller houses?
boutons_deux
02-27-2019, 08:21 AM
Why the sympathy for those high earning people, bou? Shouldn't $10k be enough in state/local deductions? Shouldn't your desire be that they should buy smaller houses?
enough or not enough, capping was political sadism aimed at blue state, not a fiscal/budget move
enough or not enough, capping was political sadism aimed at blue state, not a fiscal/budget move
Be consistent, bou, you should be wanting to stick it to those high earners (blue or red state).
boutons_deux
02-27-2019, 07:28 PM
Be consistent, bou, you should be wanting to stick it to those high earners (blue or red state).
apart from the taxes, why should property owners be taxed twice on their properties?
are you bothered by the 1000s of hyper-complex loopholes, eg "carried interest", that BigCorp (eg Amazon, Apple, Google, etc) benefit from?
apart from the taxes, why should property owners be taxed twice on their properties?
are you bothered by the 1000s of hyper-complex loopholes, eg "carried interest", that BigCorp (eg Amazon, Apple, Google, etc) benefit from?
Poor bou, reduced to sympathizing with property owners. You do realize that this applies to RESIDENCES, right? - so your line should be they don't need to live in such big houses. Property tax for investment RE is still fully deductible.
boutons_deux
02-28-2019, 07:14 AM
Poor bou, reduced to sympathizing with property owners. You do realize that this applies to RESIDENCES, right? - so your line should be they don't need to live in such big houses. Property tax for investment RE is still fully deductible.
so the Repugs screwed (blue) wealthy individuals in their homes, but left Capitalists and their $100Bs in commercial rentier capitalism r/e untouched.
Paying 5k more in taxes. Lol tax cut
RandomGuy
03-01-2019, 07:48 PM
I was never into the Benghazi hysteria but feel free to check.
I was actually referring to simple math. Would you rather get a $4000 tax refund, or get $100 more per week on your paycheck and no tax refund?
Dude, you were balls deep in that shit thread about Behghazi.
RandomGuy
03-01-2019, 07:51 PM
So you'd rather they end up with less money? And it is Trump's fault that they can't estimate their withholding properly?
Already addressed. His administration, his policy, his law. His responsibility to make it plain. Even people who looked up the guides got it wrong, because the guides were wrong.
Yet another example of why we could use a simple flat tax. Our code is too complicated.
RandomGuy
03-01-2019, 07:54 PM
So you'd rather they end up with less money?
I would rather the country not have routine billion dollar budget deficits by borrowing money from China so that rich people can fucking buy a 4th goddamn house.
The fuckwits who think this tax cut will "pay for itself" need to be punched in the face. Repeatedly.
Trill Clinton
03-04-2019, 09:11 AM
https://m.huffpost.com/us/entry/us_5c7a2da1e4b0e1f77651b412
His tax cut redistributed 100s of billions to the wealthy.
boutons_deux
03-21-2019, 10:37 PM
Trump’s own economists now agree: The GOP tax cuts are a failure
Trump’s hand-picked Federal Reserve chairman and White House economic advisers admitted this week that the Republican tax cuts are failing to deliver the economic growth the president promised.
Trump went as far as to claiming the cuts might lead to a GDP growth of 6 percent (https://www.salon.com/2019/03/20/independent-experts-at-federal-reserve-disagree-with-trumps-rosy-predictions_partner/).
Trump’s White House Council of Economic Advisers (CEA) released an analysis in 2017 (https://www.whitehouse.gov/sites/whitehouse.gov/files/images/Corporate%20Tax%20Reform%20and%20Growth%20Final.pd f)showing that slashing corporate taxes by 15 percent would lead to GDP growth of 3 to 5 percent.
On Tuesday, the CEA released a revised report (https://www.whitehouse.gov/wp-content/uploads/2019/03/ERP-2019.pdf) showing that the economic gains will fall far short of their initial forecast.
https://www.rawstory.com/2019/03/trumps-economists-now-agree-gop-tax-cuts-failure/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29
Millennial_Messiah
03-21-2019, 11:52 PM
Tax breaks are the real problem and are what REALLY need to be cut. Nobody should be able to claim more than 25% of their gross income in a year in tax breaks/itemized deductions. Same goes for businesses.
Nbadan
03-22-2019, 12:10 AM
Only 20% of Trump's tax cut trickled down. The rest went to stock buybacks which help the bottom line of corporations. You remember them? The guys financing Washington...but keep arguing about libtards and wingnuts
johnsmith
03-22-2019, 08:21 AM
Only 20% of Trump's tax cut trickled down. The rest went to stock buybacks which help the bottom line of corporations. You remember them? The guys financing Washington...but keep arguing about libtards and wingnuts
Unrelated, but Do you still think that posting here has an impact on the real world like you used to think? What policies has your spurstalk alter ego impacted so far?
pgardn
03-22-2019, 09:23 AM
Unrelated, but Do you still think that posting here has an impact on the real world like you used to think? What policies has your spurstalk alter ego impacted so far?
Cartharsis.
He punched the air and it felt great.
boutons_deux
03-22-2019, 04:12 PM
Pentagon Spending Is a Poor Job Creator
The Trump administration touts weapon spending as the best way to bolster the American economy. It’s not.
Against strong evidence to the contrary, the Trump administration is touting weapons spending as the best way to bolster the American economy.
Their persistence in doing so has more to do with an unwillingness to invest in other forms of job creation than it does with the economic benefits of Pentagon expenditures.
Peter Navarro, President Trump’s chief advisor on trade and economic matters, from taking to the pages of the New York Times to praise (https://www.nytimes.com/2019/03/19/opinion/trump-defense-industry.html) arms production as a boon to employment in advance of Trump’s visit to an Army tank plant in Lima, Ohio.
Trump and Navarro fail to acknowledge that virtually any other use of the same funds would create more jobs.
Studies (https://www.peri.umass.edu/fileadmin/pdf/published_study/PERI_military_spending_2011.pdf) by economists at the University of Massachusetts have demonstrated that
spending on infrastructure,
clean energy, or
education
would create one and one-half to two times as many jobs per dollar spent
than throwing more money at the Pentagon.
there is strong evidence to suggest that the military buildup of recent years has cost the US economy more jobs than it has created.
Much of the Pentagon’s budget is wasted on duplicative bureaucracy, cost overruns, and corporate excess.
the Pentagon’s Defense Business Board determined that the Pentagon could save $125 billion (https://www.washingtonpost.com/investigations/pentagon-buries-evidence-of-125-billion-in-bureaucratic-waste/2016/12/05/e0668c76-9af6-11e6-a0ed-ab0774c1eaa5_story.html?utm_term=.16015a919963) over five years just by cutting bureaucratic overhead.
And the Department of Defense employs over 600,000 (https://www.usnews.com/opinion/blogs/world-report/2015/10/08/pentagon-needs-to-cut-shadow-contractor-work-force) private contractors, many of whom are redundant, performing tasks that overlap with that can be done more cheaply by civilian government personnel.
Tens of billions could be saved (https://pogoblog.typepad.com/pogo/2012/01/nyt-misses-elephant-in-the-room-defense-service-contractors-.html) by trimming this private contractor work force to “only” half a million people.
much of the money that goes to weapons makers like Lockheed Martin–which devoured $50 billion (https://www.washingtonpost.com/business/2018/10/24/lockheed-boeing-trade-barbs-over-massive-pentagon-contract-wins/?utm_term=.13017f53172a) in taxpayer funding in one recent year–
goes to highly paid executives, not assembly line workers.
the CEO’s of the top six weapons makers total over $100 million (https://inkstickmedia.com/will-100-million-in-defense-ceo-salaries-make-us-safer/).
Trump’s much ballyhooed infrastructure plan has vanished into thin air.
Investments in clean energy technologies and practices have been under attack,
despite the fact that they could create good jobs
https://www.thenation.com/article/pentagon-spending-is-a-poor-job-creator/
US military is a huge ripoff SCAM, while destroying countries, killing 100Ks of foreigners, and of course wasting American bodies, minds, lives
johnsmith
03-23-2019, 09:59 AM
Cartharsis.
He punched the air and it felt great.
:rollin:rollin:rollin
boutons_deux
03-31-2019, 09:03 PM
Taxpayers Are Very Confused
Fewer returns are in, traffic to the IRS website is up, and everyone’s complaining about refunds.
, the evidence suggests they are very, very confused.
Usually, about 85 percent of households file their returns from late January to mid-April.
https://www.theatlantic.com/ideas/archive/2019/03/tax-cuts-and-jobs-act-confusing-taxpayers/585907/ (https://www.theatlantic.com/ideas/archive/2019/03/tax-cuts-and-jobs-act-confusing-taxpayers/585907/)
UnWantedTheory
04-01-2019, 01:05 AM
Taxpayers Are Very Confused
Fewer returns are in, traffic to the IRS website is up, and everyone’s complaining about refunds.
, the evidence suggests they are very, very confused.
Usually, about 85 percent of households file their returns from late January to mid-April.
https://www.theatlantic.com/ideas/archive/2019/03/tax-cuts-and-jobs-act-confusing-taxpayers/585907/ (https://www.theatlantic.com/ideas/archive/2019/03/tax-cuts-and-jobs-act-confusing-taxpayers/585907/)
Now people are seeing how little of an affect, if any at all, it had for the average Joe. But hey, despite already low unemployment, big corps needed the money for jobs. :rolleyes
boutons_deux
05-08-2019, 09:47 AM
Trash the tax cheat / business failure gonna pay for his own tax cut behind the LIE of millions of poor people cheating the safety net
‘Big attack on working people’:
Trump moves to redefine poverty in order to slash social programs and services for millions
https://www.rawstory.com/2019/05/big-attack-on-working-people-trump-moves-to-redefine-poverty-in-order-to-slash-social-programs-and-services-for-millions/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29 (https://www.rawstory.com/2019/05/big-attack-on-working-people-trump-moves-to-redefine-poverty-in-order-to-slash-social-programs-and-services-for-millions/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheRawStory+%28The+Raw+Story% 29)
boutons_deux
05-15-2019, 05:21 PM
Trump Tax Cut Kills 23,000 Jobs At AT&T As Calls Grow For Investigation
Republicans promised jobs and investment from tax cuts, instead, workers are getting laid off
Verizon, GM, and Wells Fargo were three companies among many who took the tax cut and then laid off workers.
One common outcome has been that companies have slashed investment, paid down debt, or bought back stock.
They haven’t reinvested the money, created more jobs, or increased wages. It is time for Congress to investigate where the money is going.
Trump and the Republicans promised that the tax cut would be great for workers, but the prosperity has never arrived.
The rich have gotten richer and everyone else has gotten the shaft.
https://www.politicususa.com/2019/05/15/trump-tax-cut-kills-23000-jobs-at-att-as-calls-grow-for-investigation.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29 (https://www.politicususa.com/2019/05/15/trump-tax-cut-kills-23000-jobs-at-att-as-calls-grow-for-investigation.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29)
Winehole23
05-16-2019, 11:15 AM
In 2017, AT&T CEO Randall Stephenson campaigned for Trump's massive tax-cuts by promising that they would create 7,000 jobs with the $3,000,000,000 they stood to gain, as well as investing in new infrastructure: instead, the company has reduced its headcount by 23,328 workers (6,000 in the first three months of 2019!) while reducing capital expenditures by $1.4B (AT&T reduced capex by another $900m in Q1/2019).
AT&T substantially increased executive bonuses over the same period.
https://arstechnica.com/tech-policy/2019/05/att-promised-7000-new-jobs-to-get-tax-break-it-cut-23000-jobs-instead/
via: https://boingboing.net/2019/05/14/capex-slashed-too.html
boutons_deux
05-16-2019, 08:03 PM
Voters In Trump Country Admit The GOP Tax Scam Didn’t Help Them At All
it appears voters in Trump country don’t think this president and his party give a damn about them.
At a town hall event in a Pennsylvania county that Donald Trump easily carried in 2016,
a crowd of attendees laughed when they were asked about the Trump-GOP tax scam.
“Did anybody here benefit from the tax cut?”
Many in the crowd either laughed or shouted, “No!”
https://www.politicususa.com/2019/05/16/voters-in-trump-country-admit-the-gop-tax-scam-didnt-help-them-at-all.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29 (https://www.politicususa.com/2019/05/16/voters-in-trump-country-admit-the-gop-tax-scam-didnt-help-them-at-all.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29)
boutons_deux
05-20-2019, 01:05 PM
Low-Income College Students Are Being Taxed Like Trust-Fund Babies
A little-noticed provision in President Trump’s sprawling new tax law is
treating middle- and low-income college students as if they are trust-fund babies,
taxing sizable financial aid packages at a rate first established 33 years ago to prevent wealthy parents from funneling money to their children to lower their tax burdens.
the provision, which drastically raised the tax rate on so-called unearned income for children with assets and young adults in school.
Students with large financial aid packages are finding
their nontuition assistance for items such as room and board
taxed by as much as 37 percent,
even if their family income tax rates are much lower.
https://www.nytimes.com/2019/05/17/us/politics/college-scholarships-tax-increases.html
Winehole23
05-26-2019, 01:30 AM
Bruce Bartlett is salty
1132403377202257920
RandomGuy
05-28-2019, 04:31 PM
https://arstechnica.com/tech-policy/2019/05/att-promised-7000-new-jobs-to-get-tax-break-it-cut-23000-jobs-instead/
via: https://boingboing.net/2019/05/14/capex-slashed-too.html
yeah... Time to tax them until they squeal, and give the IRS some teeth. Seriously, fuck these guys.
RandomGuy
05-28-2019, 04:33 PM
Voters In Trump Country Admit The GOP Tax Scam Didn’t Help Them At All
it appears voters in Trump country don’t think this president and his party give a damn about them.
At a town hall event in a Pennsylvania county that Donald Trump easily carried in 2016,
a crowd of attendees laughed when they were asked about the Trump-GOP tax scam.
“Did anybody here benefit from the tax cut?”
Many in the crowd either laughed or shouted, “No!”
https://www.politicususa.com/2019/05/16/voters-in-trump-country-admit-the-gop-tax-scam-didnt-help-them-at-all.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29 (https://www.politicususa.com/2019/05/16/voters-in-trump-country-admit-the-gop-tax-scam-didnt-help-them-at-all.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+politicususa%2FfJAl+%28Politi cus+USA+%29)
This is the kind of shit I think of when people start talking about Trump DEFINITELY getting re-elected. He is going to get curb-stomped if he hasn't been impeached and removed.
boutons_deux
06-17-2019, 05:49 PM
Corporate tax revenue under the GOP tax bill came in 31% below predictions, and it's getting worse (https://www.dailykos.com/stories/2019/6/15/1865034/-Corporate-tax-revenue-under-the-GOP-tax-bill-came-in-31-below-predictions-and-it-s-getting-worse)
https://images.dailykos.com/images/472849/story_image/AP_17319593903275.jpg?1510772560
The Treasury reported a 31% decline in corporate tax revenue for 2018.
Which was twice what policy planner anticipated when describing the impact of the Republican bill.
Treasury officials projected that government revenues would see a bounce in 2019. :lol
Instead, as Politico (https://www.politico.com/story/2019/06/13/big-businesses-pay-less-tax-law-1364591)reports, the numbers are still going down. In fact, they’ve declined by another 9%.
Why 2019 is looking so bad could be because 2018 was actually worse than it seems.
Those 2018 numbers might have actually been boosted as a result of companies anticipating the cut by moving deductible expenses into 2017 where they would have more impact.
Now that companies are rolling into new fiscal years, the real extent of the gift Republicans presented to them is becoming clear.
https://www.dailykos.com/stories/2019/6/15/1865034/-Corporate-tax-revenue-under-the-GOP-tax-bill-came-in-31-below-predictions-and-it-s-getting-worse?detail=emaildkre
They absolutly knew WTF was going to happen, so Trash/Mulvaney's budget cut $Ts from SS/Medicare/Medicaid over the next decade.
https://www.dailykos.com/stories/2019/6/15/1865034/-Corporate-tax-revenue-under-the-GOP-tax-bill-came-in-31-below-predictions-and-it-s-getting-worse?detail=emaildkre (https://www.dailykos.com/stories/2019/6/15/1865034/-Corporate-tax-revenue-under-the-GOP-tax-bill-came-in-31-below-predictions-and-it-s-getting-worse?detail=emaildkre)
boutons_deux
06-17-2019, 05:51 PM
He is going to get curb-stomped if he hasn't been impeached and removed.
McConnell would probably even refused to try Trash, so Tribe has a wonderful idea:
https://www.politicususa.com/2019/06/08/laurence-tribe-tells-dems-to-leave-gop-controlled-senate-out-of-impeachment-process.html
Trash stays in office, but is found guilty by the Dem House, which would be wonderful Dem campaign tactic.
but
Pelosi and most Dems won't do shit.
boutons_deux
06-28-2019, 11:11 AM
Team Trump is mulling another massive tax cut for the rich—while bypassing Congress entirely (https://www.dailykos.com/stories/2019/6/27/1867782/-Team-Trump-is-mulling-another-massive-tax-cut-for-the-rich-while-bypassing-Congress-entirely)
Bloomberg reports that the White House is contemplating
a new rule or executive order changing capital gains rates to be indexed to inflation (https://www.bloomberg.com/news/articles/2019-06-27/white-house-mulls-capital-gains-tax-break-that-benefits-wealthy).
That would amount to a tax break of several percentage points, more than 80% of which would go to the top 1%.
The last Republican administration contemplated doing the same thing, but determined they couldn't legally get away with it.
Always Catastrophically Wrong Man Larry Kudlow is pushing for the change using the same promises of supposed "economic growth" that the previous tax cuts for the wealthy were supposed bring about, and
Bloomberg reports that Trump himself is "deeply invested" in pushing it through.
Why should capital gains on things like stock portfolios be indexed to inflation,
even as Republicans insist that other rates affecting poorer Americans not be?
Because screw you,
https://www.dailykos.com/stories/2019/6/27/1867782/-Team-Trump-is-mulling-another-massive-tax-cut-for-the-rich-while-bypassing-Congress-entirely?detail=emaildkre
boutons_deux
07-01-2019, 02:12 PM
This vital indicator has been a reliable foreteller of the last 7 recessions — and it shows another one is coming
Among economists and financial advisors, the term “yield curve inversion” or “inverted yield curve” is used
when long-term interest rates become lower than short-term interest rates for treasury bonds or certificates of deposit.
An inverted yield curve can signal that a recession might be on its way
the yield curve in the U.S. had remained inverted for three months (https://www.npr.org/2019/06/30/737476633/what-just-happened-also-occurred-before-the-last-7-u-s-recessions-reason-to-worr?utm_medium=RSS&utm_campaign=storiesfromnpr).
“From the 1960s,” Harvey told NPR, “this indicator has been reliable in terms of foretelling a recession — and also importantly, it has not given any false signals yet.”
, indicates that one is coming. And it could arrive sometime within the next nine to 18 months.
the economy looks good right now,
but the yield curve is about the future,” Harvey told NPR.
“It captures the expectations of the broad market in terms of what might happen in the future.”
https://www.rawstory.com/2019/07/this-vital-indicator-has-been-a-reliable-foreteller-of-the-last-7-recessions-and-it-shows-another-one-is-coming/?utm_source=&utm_medium=email&utm_campaign=495 (https://www.rawstory.com/2019/07/this-vital-indicator-has-been-a-reliable-foreteller-of-the-last-7-recessions-and-it-shows-another-one-is-coming/?utm_source=&utm_medium=email&utm_campaign=495)
boutons_deux
07-01-2019, 02:14 PM
Buckle up: The economy is weak and getting worse — Here’s what will happen next
The Conversation has assembled a forecasting panel of
20 leading economists from 12 universities across six states.
Among them are macroeconomists, economic modellers, former Treasury, IMF, OECD and Reserve Bank officials, a former government minister and a former member of the Reserve Bank board.
this time all but two expect the bank to cut again, and most expect a growth rate closer to 2% – one of the most anaemic since the financial crisis.
https://www.rawstory.com/2019/07/buckle-up-the-economy-is-weak-and-getting-worse-heres-what-will-happen-next/?utm_source=&utm_medium=em%E2%80%A6 (https://www.rawstory.com/2019/07/buckle-up-the-economy-is-weak-and-getting-worse-heres-what-will-happen-next/?utm_source=&utm_medium=em%E2%80%A6)
CosmicCowboy
07-01-2019, 02:50 PM
Team Trump is mulling another massive tax cut for the rich—while bypassing Congress entirely (https://www.dailykos.com/stories/2019/6/27/1867782/-Team-Trump-is-mulling-another-massive-tax-cut-for-the-rich-while-bypassing-Congress-entirely)
Bloomberg reports that the White House is contemplating
a new rule or executive order changing capital gains rates to be indexed to inflation (https://www.bloomberg.com/news/articles/2019-06-27/white-house-mulls-capital-gains-tax-break-that-benefits-wealthy).
That would amount to a tax break of several percentage points, more than 80% of which would go to the top 1%.
The last Republican administration contemplated doing the same thing, but determined they couldn't legally get away with it.
Always Catastrophically Wrong Man Larry Kudlow is pushing for the change using the same promises of supposed "economic growth" that the previous tax cuts for the wealthy were supposed bring about, and
Bloomberg reports that Trump himself is "deeply invested" in pushing it through.
Why should capital gains on things like stock portfolios be indexed to inflation,
even as Republicans insist that other rates affecting poorer Americans not be?
Because screw you,
https://www.dailykos.com/stories/2019/6/27/1867782/-Team-Trump-is-mulling-another-massive-tax-cut-for-the-rich-while-bypassing-Congress-entirely?detail=emaildkre
Capital gains SHOULD be indexed to inflation.
boutons_deux
07-01-2019, 03:34 PM
Only if the minimum is doubled AND indexed to inflation
AND
SS CoL increases are not cut as Repugs plant (chained CPI)
iow, if gonna help the Capitalists, have to give Labor something
boutons_deux
07-30-2019, 06:16 PM
A Decline in Capital Investment Reveals the False Promise of Trump’s Tax Bill
G.D.P. report from the Commerce Department, which detailed
a sharp slowdown in capital spending by American businesses during the second quarter of this year.
In October, 2017, the White House Council of Economic Advisers published a white paper (https://www.whitehouse.gov/sites/whitehouse.gov/files/documents/Tax%20Reform%20and%20Wages.pdf) that claimed the Administration’s
proposal to slash the tax rate on corporate profits
would increase the average household income by at least four thousand dollars a year, and perhaps as much as nine thousand dollars. :lol
Kevin Hassett ... “I would expect capital spending to really take off if the tax bill passes,”
it allowed businesses to deduct the cost of certain types of capital spending all at once in their tax returns rather than spreading the cost throughout a number of years.
The upturn in business investment during the first half of last year was by no means unprecedented,
but it did represent an increase on the previous few years.
However, it was fleeting.
In the second half of last year,
the growth in business investment fell sharply, and the slowdown has continued into 2019.
some businesses appear to be cutting back on their capital spending rather than increasing it.
turn negative
Residential investment, which is usually considered as a separate category, fell as well.
None of this was predicted in the White House script.
taking a longer-term perspective,
there is little sign of the broad-based investment boom that the Trump Administration was predicting,
or of the surge in household income that was supposed to accompany it.
https://www.newyorker.com/news/our-columnists/a-decline-in-capital-investment-reveals-the-false-promise-of-trumps-tax-bill
So Trash and his so-called TeeVee economists were either
beautifully ignorant of economics
or
lying
CosmicCowboy
07-31-2019, 07:53 AM
But of course, raising taxes would cause the economy to boom!
boutons_deux
07-31-2019, 08:24 AM
But of course, raising taxes would cause the economy to boom!
the economy boomed in the 1950s with high taxes.
boutons_deux
07-31-2019, 09:07 AM
The Capitalists' hate/propaganda machine, for decades, has LIED that taxes are "lost money", ie, you pay tax, and you never get anything back.
Other industrial countries have higher taxes, less inequality, less life-style diseases, and better quality of life than comparative barbarian USA, which is "exception"ally bad.
CosmicCowboy
07-31-2019, 09:28 AM
the economy boomed in the 1950s with high taxes.
The US was pretty much the only advanced economy in the world that hadn't been blown to shit in WWII.
Winehole23
07-31-2019, 09:34 AM
Hey CosmicCowboy, you called Rep. Omar and Pav Jew haters in another thread the ran away when I asked you to pull a quote.
Got any?
CosmicCowboy
07-31-2019, 09:46 AM
Hey CosmicCowboy, you called Rep. Omar and Pav Jew haters in another thread the ran away when I asked you to pull a quote.
Got any?
i didn't run away. I ignored you. the quotes were news headlines at the time. She only "apologized" because of the blowback. It was pretty clear her original statements reflected her true feelings.
How exactly is “Israel has hypnotized the world, may Allah awaken the people and help them see the evil doings of Israel.” not anti-semitic?
Spurminator
07-31-2019, 09:49 AM
But of course, raising taxes would cause the economy to boom!
the economy boomed in the 1950s with high taxes.
And the 90's...
And during the Obama administration...
CosmicCowboy
07-31-2019, 09:51 AM
And the 90's...
And during the Obama administration...
And now, at least in Texas.
Winehole23
07-31-2019, 09:53 AM
i didn't run away. I ignored you. the quotes were news headlines at the time. She only "apologized" because of the blowback. It was pretty clear her original statements reflected her true feelings.You're content to wave your hands and you stil refuse to back up your own BS. Pure PFA.
Classic CC.
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