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Cut spending.
Not saddle everyone, including corporations, with more taxes
originally posted by: bigfatfurrytexan
a reply to: Greven
Well, despite it not being considered a tax in the legal sense, my tripled healthcare costs that were a legal requirement for me to have so that a single payer system wasn't put in place (aka, a healthcare tax) seem to fit the bill pretty well.
originally posted by: neo96
'What raised taxes!'.
www.atr.org...
Then people whine bout tax cuts.
America SUCKS.
1. A 156 percent increase in the federal excise tax on tobacco
2. Obamacare Individual Mandate Excise Tax
3. Obamacare Employer Mandate Tax
4. Obamacare Surtax on Investment Income
5. Obamacare Excise Tax on Comprehensive Health Insurance Plans
6. Obamacare Hike in Medicare Payroll Tax
7. Obamacare Medicine Cabinet Tax
8. Obamacare HSA Withdrawal Tax Hike
9. Obamacare Flexible Spending Account Cap
10. Obamacare Tax on Medical Device Manufacturers
11. Obamacare "Haircut" for Medical Itemized Deduction
12. Obamacare Tax on Indoor Tanning Services
13. Obamacare elimination of tax deduction for employer-provided retirement Rx drug coverage
14. Obamacare Blue Cross/Blue Shield Tax Hike
15. Obamacare Excise Tax on Charitable Hospitals
16. Obamacare Tax on Innovator Drug Companies
17. Obamacare Tax on Health Insurers
18. Obamacare $500,000 Annual Executive Compensation Limit for Health Insurance Executives
19. Obamacare Employer Reporting of Insurance on W-2
20. Obamacare “Black liquor” tax hike
21. Obamacare Codification of the “economic substance doctrine”
originally posted by: projectvxn
a reply to: Southern Guardian
Country has a $20 trillion debt. Infrastructure is a mess. Focus could be put towards sorting that mess out but instead it's put towards saving the elite $billion more. It's evident as well nothing much will come of this.
Cut spending.
Not saddle everyone, including corporations, with more taxes to pay for a bloated government.
originally posted by: Southern Guardian
Anybody feeling those benefits trickling down? If not don't bother waiting as it's not looking promising:
Donald Trump’s presidency has been marked by turmoil, and his approval ratings are low. But US CEOs seemed eager to show their support for his first major piece of legislation, the “Tax Cuts and Jobs Act” that cleared Congress on Wednesday (Dec. 20). A clutch of big US banks and telecoms pledged to hand out millions in bonuses off the back of tax reform.
qz.com...
That's lovely. A pledge to pass down the benefits of these tax cuts to the little man. We need this.
The amount announced so far is a small fraction of the total tax savings the bill is expected to hand to corporations in the coming years. Overall, lowering corporate taxes is expected to save companies $1 trillion over the next decade.
Earlier this year, the White House Council of Economic Advisers (CEA) said that dropping the corporate income tax rate to 20% (the new bill makes it 21%) would increase household incomes by at least $4,000 annually. Most economists, including Kimberly Clausing of Reed College, dispute those “wildly optimistic numbers,” arguing that there’s a tenuous relationship between lower corporate taxes and higher wages.
qz.com...
I suppose we'll just 'hope' those corporations that didn't pledge will trickle down their contributions eventually right? AT&T were among the corporations celebrated and waived around as a perfect example of corporations passing the benefits down to their workers with $1,000 bonuses. This was before we learned of their plans to cut thousands jobs at the start of the 2018 year. As for the creation of jobs, the main aim or motivation for these tax cuts? Well we had the CEO of Wells Fargo confirm no job creation would come out of these tax cuts from their end. We've also learned that the Tax bill itself has many loopholes for corporations shipping jobs overseas so we can forget about accountability from big business on these tax cuts.
Trickle down right? It smells a little off to me.
Hitech was created by Stimulus package... upgrades to health clinics and hospital it dept so that they can beef up security and also overhead for a bloated bureaucratic dept that tracks breaches of medical records... strangely that happened just before Obamacare happened
originally posted by: projectvxn
a reply to: Greven
We spend a few hundred billion on military contractors that do the same jobs as unitofrmed personnel. If you wanna save money and stop brain drain turn the best contractors into instructors and eliminate their operations side. There’s some of the military budget right there.
Restructuring of our largest entitlements will also have to happen.
Entire departments should disappear.
All of this should be placed into effect over the next 10-15 years. In 25 years we might start to reverse some of the damage we’ve done to ourselves via over regulation.
im
originally posted by: Southern Guardian
a reply to: projectvxn
Cut spending.
Oh this administration is doing a wonderful job of this right? $300 million cut out of things like the UN fund? Healthcare? Meanwhile billions keep on disappearing into military projects, wars, drones continue on. We continue sending $billions to Israel, Saudi Arabia and what else? Oh yes, $trillion tax cut to corporations with no intention, assurance that money is coming back into the economy. More money saved for the wealthy - regardless of whether it'll do anything for the country.
Cut spending you say? You should be frustrated right now with the way things are going. Why aren't you?
Not saddle everyone, including corporations, with more taxes
Who proposed 'saddling' up corporations and the wealthy with more taxes? It should've been left as is. Nobody proposed increases in anything. Trump makes gigantic tax cuts to the wealthy and your counter argument is this make belief position of raising taxes, which isn't the proposal of the OP or opponents.
Cut taxes for the middle and lower classes. Money assured to go right back into the economy as there is a need to spend.
Invest back into infrastructure. It creates jobs, stimulates the economy, gets the country's vains right back in working order.
Cut the bloated military budget. Promote more private employment. Create initiatives rewarding businesses that invest right back into their employees, that create jobs.
Simple solutions, instead we go this route? The same route we've followed for decades.
Congressional Budget Office
originally posted by: Southern Guardian
a reply to: projectvxn
I'm also not a billionaire. I don't employ thousands of workers. I'm getting much of a benefit from these cuts either. I'm not getting $ millions in tax cuts.
How are you feeling about these tax cuts? $billions going to the wealthiest? To the corporations? Instead of going back into the country, back into much needed wasted infrastructure?
We'll just continue hoping it'll all trickle down right project?
It's going to trickle down any moment now, right?
originally posted by: Grambler
a reply to: 3NL1GHT3N3D1
Why are you parroting the media?
Can't you see this is just dividing us?
(did I do that right?)
originally posted by: TheGOAT
originally posted by: Grambler
a reply to: 3NL1GHT3N3D1
Why are you parroting the media?
Can't you see this is just dividing us?
(did I do that right?)
The liberal mindset, tax the rich until they leave the country and we all go broke.
Uh, if you think a country full of people goes broke and collapses when the rich leave, then I've got a couple bridges to sell you (super cheap).
Rich people are not uniquely capable or fountains of money.
If they leave, someone else will take their place.