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originally posted by: scraedtosleep
a reply to: JBurns
They are a Soros front
I wonder how many billions of dollars he will get to keep under this new tax bill?
I wonder what soros will do with all that extra money?
originally posted by: scraedtosleep
a reply to: ManFromEurope
I'm in the center.
If we are talking about the senate tax bill than I like more of it than I dislike.
The house bill is garbage.
originally posted by: ManFromEurope
I found it interesting that there are on one side of this thread are "newcomers" or people who are not always on the train for anything "GOP vs. DEM".
And on the other side ("This tax cut is good!") we have the usual 3 or 4 candidates: Carewemust, RazorV66, Arnie123 and Metallicus. You are loud and seemingly the only persons who WANT the tax cut. Or anything what makes Trump look shiny. Do you realize that you have about NONE backing by other people? You seem to be in your own echochamber, getting fed useless stars and think that your opinion is rich. Maybe that is not the case.
originally posted by: 3daysgone
a reply to: AboveBoard
but will it matter when the housing market starts tanking due to lack of mortgage deductions for the average person?
The base deductions have been doubled for the average person. No problem there.
Thanks to the GOP your health insurance is going to keep going up and up with this bill
You mean thanks to the one's that passed Obamacare to begin with. That is what started all these healthcare debacles. Put the blame where it belongs.
and to claim they are being "fiscally responsible" they will cut Medicare, Medicaid and Social Security.
Social Security is going up by 2%. How is that cutting it?
What the Democrats don’t mention is that the Tax Policy Center is a project of the left-wing Brookings Institution and Urban Institute, funded by donors like George Soros who want to disrupt President Trump’s agenda by any means necessary.
In reality, the tax bill would provide significant relief for the middle class by doing the following: doubling the income threshold under which families pay no taxes at all to $24,000; doubling the child tax credit to $2,000; and eliminating the 15 percent tax rate in favor of an expanded 12 percent rate, among other provisions.
Note that the last three times the economy ran above potential, it was followed by a recession.
originally posted by: Metallicus
a reply to: Wayfarer
Trump’s election has already made me 100s of thousands. My portfolios are up over 20% on average this year so he has already made me money. People don’t understand that what is good for business is good for the economy as a whole.
Oh, and more Americans are invested in the markets than not through IRAs, 401ks and other retirement vehicles. Many people are living off their retirement funds. This is good for Americans.
originally posted by: Tarzan the apeman.
a reply to: seasonal
I was listening to how much this tax bill will add to the debt about 1.4 trillion. This is not good. But I also heard that there is already about 9 trillion in debt baked into the next ten years. I often wonder how or even if we are ever going to get out of this conundrum these yahoos put us in.
Let's start with "myth 1". Here is how they disprove the accusation:
First they start with character assassination of where the claim came from.
Then it follows up with this unsourced claim
It never mentions that the middle income tax rates will expire in 10 years though.
Moving onto "myth 2". It's hard to know where to start with that analysis. At least I can say they used sources for it, unlike the previous debunking. This analysis homes in on small business savings, but fails to bring up the pass through provision that is being shown to directly effect small businesses.
Moving on to "Myth #3"
This analysis isn't disproving the debt increase at all. It is basically justifying it by saying, "Well Democrats didn't care about deficit hikes in the past, so why do they care now?" Good question, but that isn't proof this claim is a myth. Then finally it concludes with the fuzzy math that this bill will pay for itself. No sources or actual math backing that claim up though.
Here's a fun fact for you. Our economy is nearing its theoretical maximum. That means that growth beyond it is all bubble.
This just assumes that because tax cuts created growth in the past that they will result now. Too bad correlation does not equal causation. AGAIN the economy is nearing its theoretical maximum. Fox News brings up Reagan's cuts, but it didn't mention the recession he was trying to fix when he did it. It should be noted that Reagan's cuts had bi-partisan support and weren't passed along partisan reconciliation rules.
This just shows a severe misunderstanding of how health insurance pools work. Of course there are no sources backing up anything said either.