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Jeremy Quittner
Feb 02, 2017
Business owners hoping for a quick fix on taxes are going to have to wait until later this year.
Speaker of the House Paul Ryan told Fox News Thursday that tax reform, one of President Trump’s big campaigning points and a goal for his first 100 days in office, will be part of the spring budgetary process, with negotiations lasting months. He also said a repeal of the Affordable Care Act must happen first.
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Already, more than 100 retailers and trade associations, including giants such as Walmart and Target, have banded together in a group called Americans for Affordable Products, to oppose the tariff, because they fear it will raise consumer prices.
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Resist.
Posted on December 15, 2016
RESIST HATE.
RESIST CORRUPTION.
RESIST INJUSTICE.
FORGE PROGRESS.
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We stand with the 54 percent of American voters who rejected Trump on election day.
We believe Trump has no mandate and was propelled to victory through a combination of voter suppression and foreign interference by hostile nations like Russia.
We will not stand by and watch as Trump tries to propagate his radical right-wing agenda on the American people after an election he won without the popular vote.
We will fight back.
We will resist Trump’s plan to raise taxes on working families and give massive tax breaks to the wealthiest Americans.
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Individual Income Tax
Tax rates
The Trump Plan will collapse the current seven tax brackets to three brackets. The rates and breakpoints are as shown below. Low-income Americans will have an effective income tax rate of 0. The tax brackets are similar to those in the House GOP tax blueprint.
Brackets & Rates for Married-Joint filers:
Less than $75,000: 12%
More than $75,000 but less than $225,000: 25%
More than $225,000: 33%
*Brackets for single filers are ½ of these amounts
The Trump Plan will retain the existing capital gains rate structure (maximum rate of 20 percent) with tax brackets shown above. Carried interest will be taxed as ordinary income.
The 3.8 percent Obamacare tax on investment income will be repealed, as will the alternative minimum tax.
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1. Acceptance of Terms.
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2. Purpose of the Website; About CAPAF.
CAPAF is a nonpartisan, tax-exempt organization, which is the sister advocacy organization of the Center for American Progress Action Fund. CAPAF strives to transform progressive ideas into policy through rapid response communications, legislative action, grassroots organizing, advocacy and partnerships with other progressive leaders throughout the country and the world. Please note that CAPAF is a non-partisan organization. With the Website, CAPAF seeks to provide a forum to advance progressive ideas and policies — not to advance the interests of any particular candidate for office or party.
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Maybe he could sign an Executive Order for Congress to put in more hours per year?
originally posted by: enlightenedservant
a reply to: carewemust
Maybe he could sign an Executive Order for Congress to put in more hours per year?
He can't. Executive Orders only affect the Executive branch.
this group of corporate interests, including Walmart, don't care about people
originally posted by: CB328
Wait a second- Democrats have been saying for decades that corporations don't care about people and you guys do nothing but attack us and call us communists and hippies and claim that corporations are so great and wonderful and have no moral obligation or duties to society other than making money. Now all the sudden you want to claim that they don't care about people just because they may not be supporting all of the dictator's policies? WTF?!
And stop with this stupid crap about Paul Ryan being against Trump. He's every bit as right wing and evil as Trump, probably more so, he just is a different kind of conservative so they don't mesh well ideologically. The idea that Ryan is really a liberal in disguise is ridiculous beyond comprehension.
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Unfortunately, the disastrous omnibus spending bill that Speaker Paul Ryan negotiated pushes the American dream further away from too many families. Following an all-too-familiar script--despite Republicans holding the majority in both houses of Congress--GOP leadership betrayed our principles through this terrible bill, acquiescing to the Obama administration’s determination to swell to our $18 trillion dollar debt.
This irresponsible bill is another reminder of the Right and Left’s unholy alliance of spending more of our money at every turn. Conservatives in the House and Senate must fight this big government bill if we are to build a better future where our children can thrive, not just pay off our profligate spending.
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originally posted by: enlightenedservant
a reply to: CB328
If anything, this should show you how far to the right they've drifted. If someone like Paul Ryan is considered a liberal, then WTF are they comparing him to?
originally posted by: ElectricUniverse
As it is, you can read in the same article how several retailers and trade associations are against " President Trump's tax reform".
Already, more than 100 retailers and trade associations, including giants such as Walmart and Target, have banded together in a group called Americans for Affordable Products, to oppose the tariff, because they fear it will raise consumer prices.
fortune.com...
originally posted by: enlightenedservant
a reply to: CB328
If anything, this should show you how far to the right they've drifted. If someone like Paul Ryan is considered a liberal, then WTF are they comparing him to?