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let's choke off the economy to stick it to rich people
originally posted by: BlueAjah
a reply to: CB328
Why oh why is there so much hate against people who have money?
If someone worked hard to become successful, they deserve to keep what they earn.
The rest of us are not entitled to a share of what they earned.
originally posted by: Zanti Misfit
a reply to: BlueAjah
" Why oh why is there so much hate against people who have money? "
Because those who Lack the Intellect to Generate Income are Jealous of those who Can . Sourgrapenomics 101 .
Eliminate targeted tax breaks that mainly benefit the wealthiest taxpayers
Tax relief for American families, especially middle-income families:
• Reducing the 7 tax brackets to 3 tax brackets of 10%, 25% and 35%
• Doubling the standard deduction
• Providing tax relief for families with child and dependent care expenses
Protect the home ownership and charitable gift tax deductions
Provide tax relief to American families—especially middle-income families
MINNEAPOLIS (AP) — The upper Midwest timber industry is welcoming the Trump administration’s announcement that it’s imposing tariffs averaging 20 percent on softwood lumber entering the United States from Canada.
The industry has been struggling in Minnesota and Wisconsin in recent years. The housing market crash in 2008 cut demand for softwood lumber products such as pine 2×4 studs and other kinds of boards used to build homes, which are among the products affected by the administration’s move. So industry groups in both states saw Monday’s announcement as good news for communities with sawmills, and for loggers who supply them.
The Trump administration and U.S. industry groups say Canada unfairly subsidizes its softwood lumber industry. The dispute goes back to the 1980s. The U.S. contends that the prices charged by Canadian federal and provincial governments for harvesting timber on public land are below market rates, amounting to a subsidy that puts U.S. companies at a competitive disadvantage.
At Seneca Sawmill Company in Eugene, Ore., a team of lumbermen stand watch as wooden boards are spit out one-by-one onto a planing platform.
"We're taking rough lumber from the saw mill, bringing it over and putting a smooth surface on all four sides and then grading it based on lumber grading rules," explains Todd Payne, Seneca's CEO.
Payne says his business is thriving. A "now hiring" sign even hangs out front. Seneca Sawmill has weathered the past few decades better than many of Oregon's other timber operations.
The region's logging industry says it has struggled under the cumulative weight of a tough economy, unfavorable trade deals, job-stealing automation and environmental regulations that have restricted the supply of timber from federal lands.
Actually, reducing the business tax rate to 15% (from 39.6%) will mean that wealthy business owners will pay less. A lot less.
The plan is not to make rich people pay less.
Yay! Of course, those at the top win a bigger piece of that bigger pie. But that's not part of the plan, just a side effect. Trickle down!
It becomes a win-win for everyone.