The Republican Tax Plan Is Chaos and Suicide
 

The Republican Tax Plan Is Chaos and Suicide All at Once
and,
Yes, as Trump has promised, the tax cuts will be huge but preferably no one will know who will pay for it. Another GOP train wreck in the making? One hopes not unless the bill self destructs. Good news is that Trump will be away and hopefully he will take his Tweeter with him. :D

http://www.esquire.com/news-politics...chaos-suicide/

Paul Ryan is an evil dude so hopefully he did not make a pact with the devil? that is about the only way I see this rich persons benefit passing on to the orange one's desk after the senate creeps get their hands on it? I hope...

It's a train wreck the republicans will ignore until the next democrat is in office and then they will blame that democrat, just like they did with Bush and his recession, his failure to protect americans on 9/11 and his wars of profit.

I read Charles Pierce faithfully. Dude has a way with words.

Watching Liz Warren shred the Repube tax bill on The News Hour. She's always a pleasure to watch expose their lies.

One good way to understand what’s going on with this latest exercise in financial misdirection is to notice that this plan will tax the interest payment on one student’s loans, but that it may no longer tax another student’s multibillion-dollar inheritance.

http://www.esquire.com/news-politics...ican-tax-plan/

This cartoon explains how the Republican tax bill makes Donald Trump richer

https://www.vox.com/policy-and-polit...-trump-cartoon

https://img.washingtonpost.com/blogs...7.49.33-AM.png

I simply do not understand why so many Republicans support this tax cut for the wealthy unless most of them don't pay taxes.

I think if the GOP is actually stupid enough to get rid of the deductions for state and local taxes for those homeowners who itemize on their income taxes it will hand back both houses to the Democrats.

Trump/GOP is trying to hurt blue states that are wealthy by hitting the middle class with such measures. They probably are thinking that no one in such as states as New York and California who own homes votes for Trump/GOP anyway.

No one in red states and the rust belt itemize and own homes? Is it that bad out there?

This is not a good thing.

Thanks and a very good answer Robbin and make sense.
Guess I belong in that category with two mortgages and other deductions that I need.

Plus there is this also in the bill for the wealthy.


"" Education Secretary Betsy DeVos’ school-choice agenda is getting a bit of a boost from the Republican tax bill, which would allow parents to use education savings accounts to pay tuition at private elementary and secondary schools. ""

http://ktar.com/story/1818051/republ...school-choice/



Barney

Something tells me it won't go through but if you can't deduct what you paid in state tax alone that is a few thousand dollars you won't be able to deduct.
Everyone pays a boatload of state taxes out here.

How is that "for the wealthy"? We live in a solidly middle class area, and there are plenty of parents who sacrifice for their kids and send them to schools of their choice, or home school. Our city actually has a pretty good school system to boot: not the very best but a long way from the worst. So these parents not only pay taxes to support the city school system, they pay tuition to the school of their choice. Why shouldn't they get some relief from "double-paying" to send their kids to the school of their choice?

For the same reason our taxes pay for roads we never use ourselves, it's part of our common infrastructure.
Likewise, we can put roads on private property if we pay for them ourselves, whether we leave or not.
The money should go where it is really needed, to improve common infrastructure for the common good. Individuals may pay for what they want in addition for thenselves.

Treasury Secretary Steve Mnuchin says the Trump White House is "not focused" on reducing government spending, as the administration continues to push Republicans' plans to overhaul the nation's tax code.

So whatever happened to the party of fiscal responsibility? F that. :rolleyes:

The Republican Party Is A Deficit Fraud



So sad that their supporters are so dumb and ignorant and do not know when they are being taken for a ride over a fiscal cliff.

https://www.forbes.com/sites/stancol.../#1b385d53263d

I sent my son to private schools, because they provided smaller classrooms resulting in more focused education for him. He went on to graduate from a public university.

I'm fortunate that I was able to afford it. Most parents can't. I certainly don't mind paying my share of providing our kids with free public education, even now that I no longer have kids in school. They are our future, after all. I fail to comprehend how selfish Repubes have SUCH difficulty understanding such basic things.

Public schools are and should be funded by all. For the general good of our country and society. I never felt the schools lacked the proper training when I and also when sons went. But now state legislature has cut funding, has implemented school vouchers and allows in transfers. These three items since taking effect have hurt the public schools. With vouchers alone transfers funding meant for public schools go to private ones. So in the end it is a self fulfilling prophecy enacted by the state legislature to gut the public schools. My guess it is do to the teachers unions not to improve education.

If parents don't want to send their children to a public school I feel they should pay for it. Most if not all of the parents I know who do it is because of religious beliefs, racial ethnic mix at public school, sports program or just plain prestige in the name.


Barney

While FOX and their allies are busy talking about Franken and Conyers while keeping Moore in hiding, here is something that they would rather not talk about.

Lowest-income Americans would take bigger hit than first thought under Senate GOP tax bill, CBO says

Now the GOP is trying to buy votes in the Senate by cozying up to the evangelicals narrowing the line between church and state. One hell of a Christmas gift to the followers of the MAGA moron.

https://www.cnbc.com/2017/11/27/sena...bo-report.html

Senate GOP tax bill hurts the poor more than originally thought, CBO finds
Party of fiscal responsibility is it or one that robs the poor?

https://www.washingtonpost.com/news/...=.035024e82924

Get ready for another Guilded Age.

http://www.latimes.com/business/hilt...130-story.html
A painfully earnest Sen. Marco Rubio, right, explains to Jake Sherman and Anna Palmer of Politico why cutting taxes for the 1% is good, but preserving Social Security and Medicare benefits for the working class is bad. (Politico)
Michael HiltzikMichael HiltzikContact Reporter

Advocates for seniors and the middle class have been warning for weeks that the Republican drive to cut taxes for the wealthy is the prelude to a larger attack on Social Security and Medicare.

In a videotaped interview with two Politico reporters Wednesday, Sen. Marco Rubio (R-Fla.) said the quiet parts out loud. Asked by interviewers Anna Palmer and Jake Sherman how to address the federal deficit, he replied: “We have to do two things. We have to generate economic growth which generates revenue, while reducing spending. That will mean instituting structural changes to Social Security and Medicare for the future.” (A video of Rubio’s appearance is here, with his remarks on Social Security and Medicare beginning at the 21:45 mark.)

The only thing that’s new here is the explicit admission by a Republican officeholder that this is the GOP’s master plan to eviscerate the welfare and retirement of American workers. Budget analysts have seen it coming with all the subtlety of a freight train. As we reported earlier this month, the damage begins with the so-called Paygo law (for “pay as you go”), which requires Congress to offset any increase in the federal deficit with spending cuts. The law limits Medicare cuts to 4% of its budget per year, or $25 billion of its $625-billion budget. Because the tax cut proposals the Senate was preparing to vote on late Friday would expand the deficit by about $1.5 trillion over 10 years, it’s likely to trigger the cuts.
The driver of our debt is the structure of Social Security and Medicare for future beneficiaries. — Sen. Marco Rubio (R-Fla.) conveniently forgets that GOP tax cuts will create $1.5 trillion in new debt

But $25 billion a year is a drastic cut that “would undermine the delivery of care to the 57 million seniors and disabled Americans who depend on the program,” Max Richtman, head of the National Committee to Preserve Social Security and Medicare, said a couple of weeks ago.

The progressive Center on Budget and Policy Priorities observed that the Senate’s plan, which would add $1.5 trillion to the deficit over 10 years, would “create pressure for future cuts.” That’s confirmed by Rubio’s remarks to Palmer and Sherman.

Asked to justify the deficit increase caused by the proposed tax cuts, Rubio replied, “The argument would be, ‘We can’t cut taxes because that would drive up the deficit.’ That assumes that somehow we can fix the deficit through higher taxes, and we can’t.”
Suddenly, the GOP tax bill has morphed into an attack on your healthcare

Rubio delivered his statements in full earnest-wonk mode, all but shaking his head in regret at the painful reality he claimed to be outlining. But his demeanor concealed that he was blowing smoke. His prescription involves two options — generating economic growth and cutting spending. Actually, there are three options — raising taxes is the third. And both of the others are less cut and dried than Rubio suggests. For one thing, economic growth at the moment is near a recent historical high; most serious economists don’t expect the GOP’s tax cuts for the rich and for corporations to have any significant further impact.

For another, even if one is cutting spending, that leaves open the question: which spending? Rubio’s argument that it has to be through cuts to Social Security and Medicare is GOP doctrine because it strikes at the middle and working classes and leaves the wealthy alone, cradling their huge tax cuts.
The chained CPI: Another secret tax hike for the middle class slipped into the GOP tax bills

“The driver of our debt is the structure of Social Security and Medicare for future beneficiaries,” Rubio said. Also wrong. The driver of the $1.5-trillion deficit over the next 10 years would be the Republican tax cuts, if they’re enacted.

“We still have time to responsibly structure those programs,” he said of Social Security and Medicare, “in a way that doesn’t impact current retirees or people about to retire, but in a way that would probably impact it for me and people younger than me.” (He’s 46.) This could be done “in ways you wouldn’t really notice and wouldn’t really object to.”



But members of those future generations should take notice. Like today’s beneficiaries and those of the past, they’re paying for their future benefits with every paycheck, and they should be profoundly aware that Rubio and his fellow Republicans are merely preparing to rip them off.


:mad:

GOP's plan all a long is to bankrupt the country in order to get out of all social safety net programs.



Barney

This.




.

I wonder if Mexico will build a wall to keep out people from the USA? :eek:

Only if they can use cheap American labor to build it. ;)

Am I wrong in thinking this bill is probably going to end family farming and boutique type small businesses, clearing out shopping malls and such?


Oh yeah, I ran across this
https://www.bls.gov/news.release/pdf/empsit.pdf

4.1% unemployment is as low as it ever gets, so much for the creating jobs spin.

No Money for Poor Children, but $1.5 Trillion for the Rich and Corporations
 

Less than two days after the Senate passed widely criticized tax reform legislation, one of the tax bill’s key proponents came under fire for claiming there’s “no money” for a children’s health care plan he helped create.

On the Senate floor Thursday, Sen. Orrin Hatch (R-Utah) responded to a question from Sen. Sherrod Brown (D-Ohio) about the future of the Children’s Health Insurance Program, a low-cost health insurance plan for children from low-income families that Congress has yet to review since it expired Oct. 1.

The question came during a debate on the Republican tax bill, which Hatch presided over as chairman of the Senate Finance Committee.

In response, Hatch claimed the health insurance program had not yet been renewed due to a lack of funds.

“The reason CHIP’s having trouble is because we don’t have money anymore,” Hatch said.

https://www.aol.com/article/news/201...plan/23295751/

And Hatch is supposedly one of the less-evil Republicans....

Ha ha ha.

Sen. Chuck Grassley defended his party's tax plan this weekend by saying that plans to reduce or eliminate the estate tax mean that people will use their money more wisely.

"I think not having the estate tax recognizes the people that are investing,” Grassley (R-Iowa) told the Des Moines Register, “as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”

https://www.politico.com/story/2017/...-movies-277764

The GOP's old "welfare queen" tactic rears its ugly head once again.

When the republicans finally bankrupt our country they and their wealthy 1% donors will just leave the country taking their offshore cash while the rest of us will have to suffer the consequences. The 1% is sucking every last bit of wealth out of the country and will leave the country in ruins. But they don't care because they got theirs.

Actually it's the .1% and up, but you're basically right....