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Republican Tax Plan (a nothingburger with cheese)


Tiberius

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Yes. The real unemployment rate is around 9% according to Gallup.

i doubt tax cuts for the poor suffering wealthy will create jobs, but if it does, I'll bet it attracts more illegals to jobs than the people not looking for work and sitting around doing drugs

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Yes, it is our money. But its also our government, our military, our health care, our roads, our space program and our stupid boarder wall and our bill to pay it. Those with the most should pay the most. Spoiled brats want things like super expensive boarder wall but don't want to pay for it, literally! "Mexico will pay" lol.

Every boarder needs a wall. Don't you think they need privacy just as much as a more affluent person? Are you biased against boarders? What if an illegal alien Mexican was a boarder, would you think they deserve a wall?

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Is this your drop the mic moment?

 

Not at all. I'm lucky in that I'm pretty privileged, so democrat or republican, I won't really be impacted by most policy changes. I am always curious if complete control by either party will 'fix' America, though, even if my ideals or opinions are in disagreement. So I'm really curious, now that Republicans have just about complete control of the country at every level, if they can push the RNC platform they've been touting for so long. I want to see if a balanced budget, or a budget surplus, with tax cuts, and spending cuts, can 'make america great again'. I don't think it will, but I'm certainly willing to be proven wrong (as I have been before).

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Not at all. I'm lucky in that I'm pretty privileged, so democrat or republican, I won't really be impacted by most policy changes. I am always curious if complete control by either party will 'fix' America, though, even if my ideals or opinions are in disagreement. So I'm really curious, now that Republicans have just about complete control of the country at every level, if they can push the RNC platform they've been touting for so long. I want to see if a balanced budget, or a budget surplus, with tax cuts, and spending cuts, can 'make america great again'. I don't think it will, but I'm certainly willing to be proven wrong (as I have been before).

 

the GOP doesn't have a party line on taxes, some want it a single-line item, some want a huge reduction, some want an increase.

 

it's not like the other side's INCREASE EVERYTHING ALL THE TIME, grunt grunt grunt grunt at the trough.

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The one and only Dr. Williams !.................Walter E. Williams is a professor of economics at George Mason University.

 

 

 

The Facts About Who Pays the Most in Taxes in America
by Walter E. Williams

 

Original Article

 

Politicians exploit public ignorance. Few areas of public ignorance provide as many opportunities for political demagoguery as taxation.

 

Today some politicians argue that the rich must pay their fair share and label the proposed changes in tax law as tax cuts for the rich.

 

Let’s look at who pays what, with an eye toward attempting to answer this question: Are the rich paying their fair share?

 

According to the latest IRS data, the payment of income taxes is as follows.

 

The top 1 percent of income earners, those having an adjusted annual gross income of $480,930 or higher, pay about 39 percent of federal income taxes. That means about 892,000 Americans are stuck with paying 39 percent of all federal taxes.

 

The top 10 percent of income earners, those having an adjusted gross income over $138,031, pay about 70.6 percent of federal income taxes.

 

About 1.7 million Americans, less than 1 percent of our population, pay 70.6 percent of federal income taxes. Is that fair, or do you think they should pay more?

 

By the way, earning $500,000 a year doesn’t make one rich.

 

But the fairness question goes further. The bottom 50 percent of income earners, those having an adjusted gross income of $39,275 or less, pay 2.83 percent of federal income taxes.

 

Thirty-seven million tax filers have no tax obligation at all. The Tax Policy Center estimates that 45.5 percent of households will not pay federal income tax this year.

 

There’s a severe political problem of so many Americans not having any skin in the game. These Americans become natural constituencies for big-spending politicians. After all, if you don’t pay federal taxes, what do you care about big spending?

 

Also, if you don’t pay federal taxes, why should you be happy about a tax cut? What’s in it for you? In fact, you might see tax cuts as threatening your handout programs.

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Ted Cruz Hits a Home Run Against Bernie Sanders: ‘He Fundamentally Misunderstands Robin Hood.’

 

We all know that Bernie Sanders is a babbling old man. We can, of course, feel sorry for him and refrain from criticizing him, purely because, well, he simply isn't very smart. Or eloquent. Sadly, however, he does have a large and loyal following, which is why a) he has to be taken seriously nonetheless and b) it's so incredibly important to explain that and why he's full of it.

Enter Ted Cruz. On Wednesday evening, Cruz and Sanders debated each other on the GOP's tax plan. Cruz truly slammed the floor with his socialist colleague in the Senate, explaining why his favorite Robin Hood analogy is way, way, way off.

More at the link:

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https://www.campusreform.org/?ID=9997

 

GWU students dismiss Trump's tax plan as heartless and benefiting only the Wealthy

 

GWU students love exact same tax plan if branded as Bernie Sanders


 

Deficit for 2017 hits $666 billion , fiscal year ending 30 Sept
What a ominous number that is.

 

 

 

Deficit for 2017 hits $666 billion , fiscal year ending 30 Sept
What a ominous number that is.

 

 

Funny how Republicans spent the Obama years raising the red flag against Government spending and for several years couldn't even come up with a budget

 

But now that a Republican is in the White House they have no problem putting together a budget that spends money just like it was written by Democrats

Edited by /dev/null
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I just hope hindsight is 20/20 for this Congress. Bush sr called trickle down economics , voodoo economics.

 

I became a Independent after watching Ross Perot warn against outsourcing our manufacturing base. That provided jobs that paid taxes and factories that paid taxes.

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I just hope hindsight is 20/20 for this Congress. Bush sr called trickle down economics , voodoo economics.

 

I became a Independent after watching Ross Perot warn against outsourcing our manufacturing base. That provided jobs that paid taxes and factories that paid taxes.

 

George HW Bush also said that in 1980, when he was running against Reagan for the party nomination, so of course he was going to be critical. He reversed his opinion after being made Reagan's running mate, so was his claim sincere or simply political rhetoric?

 

Also, if you supported Perot and his nationalist economic policies, why not support Trump's as well?

GOP budgets always increase the deficit.

 

No, expenditures exceeding the budget increase the deficit.

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SO WE’RE STILL RUNNING A HUGE DEFICIT.



I don’t like that, but it’s because there’s no political constituency in either party sufficient to restrain spending. The Tea Party had a modest impact for a few years, but that was crushed by the bipartisan ruling party.




So what do we do? Well, if we’re going to overspend (which seems inevitable), it should be on stuff that would still be valuable after a financial collapse:such as Roads and other infrastructure.


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George HW Bush also said that in 1980, when he was running against Reagan for the party nomination, so of course he was going to be critical. He reversed his opinion after being made Reagan's running mate, so was his claim sincere or simply political rhetoric?

 

Also, if you supported Perot and his nationalist economic policies, why not support Trump's as well?

 

 

 

I do support Trump's and Bannon's nationalist economic policies. I'm a retired GM worker whose factory is a ghost today.

 

I never believed in trickle down economics . The national debt is way too high. Invest those taxes in economic growth directly jmo

Edited by ALF
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