Tax Cuts
POSTED BY: THGRRI
UPDATED: Thursday, April 17, 2025 01:12
VIEWED: 22355
PAGE 4 of 20
Quote:there was no competition, the rest of the industrialized world having been bombed to rubble, during FDR's War.
Originally posted by second:Quote:
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by second:
I am of two minds about the tax bill.
Do tell...Quote:
1) One half of me thinks it is bad because it is solely supported by Republicans. Republicans will keep voting Republican because that is all they can think to do, even if they think the bill is unfair.
Oh... you mean, just like Democrats.Quote:
I, too, will feel better when I start cashing my checks. I voted for Hillary, but she would never have delivered the money, making me delightfully giddy that Trump won.
So you've said at least three times before. You're a shitty and duplicitous person who doesn't really want any change. You can be a Democrat and get the best of both worlds since nothing ever changes.
I consistently believe that altering the tax code will NOT actually boost the economy. The tax rates were much higher in the past and the economy boomed wayback then, you know, from WWII to the last lunar landing. It boomed because
Quote:So over 80% of Americans will get larger paychecks due to lower taxes now. That's a bigger boom for workers than Bobo or Slick ever gave.
The fastest way for the US to get back to those boom years again would be to freely spend on all kinds of things that the GOP does not approve of but the Democratic Party does approve. That would require taxes to be raised on the wealthy, rather than lowered. But 6ixStringJack has made his choice for lower taxes and therefore America will NOT boom for the bottom 50% of Americans. Too bad for them, but what can I do about the GOP? Nothing more than cash the checks the GOP sends me with their new tax bill. I'm not too proud to accept free money.
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Quote:Your analysis missed something really big. You won't be able to explain it away, either, unless you start imagining fake stories about Civil Engineers opposing the GOP.
Originally posted by JEWELSTAITEFAN:
there was no competition, the rest of the industrialized world having been bombed to rubble, during FDR's War. . . .
So over 80% of Americans will get larger paychecks due to lower taxes now. That's a bigger boom for workers than Bobo or Slick ever gave.
The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:
Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:
1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:The Ultra Liberal Tax Policy Center is now claiming to be non-partisan?
Originally posted by second:Quote:Your analysis missed something really big. You won't be able to explain it away, either, unless you start imagining fake stories about Civil Engineers opposing the GOP.
Originally posted by JEWELSTAITEFAN:
there was no competition, the rest of the industrialized world having been bombed to rubble, during FDR's War. . . .
So over 80% of Americans will get larger paychecks due to lower taxes now. That's a bigger boom for workers than Bobo or Slick ever gave.
The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:
Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:
1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/
And you believe this crap, or is your tongue planted firmly in cheek?
Golly gee whiz and Shazaam! Batman, you mean that after Obamination ignoring infrastructure for 8 years, Civil Engineers suddenly paint doom and gloom if we don't create Engineering jobs?
I am shocked, just shocked, I say.
Lost jobs in 2025 will be the fault of the POTUS then, which won't be Trump. But you could blame it on Clinton and Obamination.
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The roads in my county are so bad by now ... pitfall bad,
Our local newspaper is running a series of stories about it.
... oooOO}{OOooo ...
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Quote:Wrong again. It is Congress, not the President, that decides how much to spend on infrastructure. A President is the tail wagging on the Congressional dog. Did I mention that Congressional Republicans could block Obama proposed spending for 6 years out of 8?
Originally posted by JEWELSTAITEFAN:
The Ultra Liberal Tax Policy Center is now claiming to be non-partisan?
And you believe this crap, or is your tongue planted firmly in cheek?
Golly gee whiz and Shazaam! Batman, you mean that after Obamination ignoring infrastructure for 8 years, Civil Engineers suddenly paint doom and gloom if we don't create Engineering jobs?
I am shocked, just shocked, I say.
Lost jobs in 2025 will be the fault of the POTUS then, which won't be Trump. But you could blame it on Clinton and Obamination.
JewelStaiteFan, if you've got a different estimate of the tax cut than the one from the Houston Chronicle and San Antonio Express-News, what is it?
From the same newspaper story: Brady and other Republicans point out that a typical family of four earning the median income of $73,000 will receive a tax cut next year of $2,058. With a doubling of the child tax credit, a single mom with one kid making $41,000 will see a tax cut of $1,304.
www.expressnews.com/news/local/article/Texans-play-major-role-in-passi
ng-the-tax-bill-12446052.php
Sounds great, except: Whether it's $2,058 or $1,304, those families will not be spending that money on new roads or sewage treatment plants. They will be paying credit card debts, and that will NOT be paying for infrastructure. And not paying means $3.9 trillion in losses to the U.S. GDP by 2025. To get a $1.5 trillion tax cut, Trump's Congress is going to do $3.9 trillion in damage to the USA according Civil Engineers, who are all libtards.
www.infrastructurereportcard.org/the-impact/economic-impact/
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How much tax cut per year?
$11 million to $15 million for Trump (based on an estimate of $150 million of passthrough income from reviewing his financial disclosure, and the $109 million in real estate/pass-through income on his 2005 tax return);
$5 million to $12 million for Jared Kushner, White House senior adviser and Trump's son-in-law; and
$2.7 million for Betsy DeVos, the education secretary.
www.theguardian.com/us-news/2017/dec/20/trump-tax-bill-savings-analysi
s
Will Trump, Kushner and DeVos be spending their tax cut on infrastructure for the USA? No, they will not.
Trump says, Wrongly, that the Republican Tax Bill "is not good for me."
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Why Would Anybody Invest When Capacity Utilization is This Low?
http://bonddad.blogspot.com/2017/12/why-would-anybody-invest-when-capa
city.html
A central selling point of the tax bill is that it will encourage investment. But that assumes that high tax rates were the primary reason why business wasn't investing. Instead, the data says business investment is weak because the U.S. has a ton of spare capacity.
First, let's look total capacity utilization: figures are at http://bonddad.blogspot.com/2017/12/why-would-anybody-invest-when-capa
city.html
It has peaked at lower levels in each of the last three expansions.
Let's break the data down into durable and non-durable CU:
Both categories of production have ample spare capacity, with non-durable production having greater capacity.
Finally, let's look at crude, intermediate and final stages of production:
All three have plenty of spare capacity to bring online if needed.
So, will we see a huge wave of investment as a result of the changed tax bill? The data says no.
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Rep. Chris Collins, a New York Republican, on Tuesday cited pressure from donors as an imperative for the GOP to pass its tax bill.
"My donors are basically saying, 'Get it done or don't ever call me again,'" Collins told reporters.
www.businessinsider.com/chris-collins-donors-trump-tax-plan-bill-2017-
11
Some comments at
https://angrybearblog.com/2017/12/gop-congress-my-wealthy-donors-made-
me-do-it.html
spencer, December 21, 2017 2:16 pm
I actually saw the CEO of a Texas based oil service company go on CNBC and say that if they did not pass the tax bill he would not donate to another republican, ever.
Linda BEale, December 21, 2017 3:46 pm
Well, goes to show that corporate donors – especially ones in the GOP-favored oil and gas industry – see themselves as in the driver’s seat when it comes to getting tax laws that they like, at least so long as the GOP is in control of both houses of Congress.
One more piece of evidence weighing in favor of strong ‘get out the vote’ efforts by Democrats for 2018.
JackD, December 21, 2017 9:51 pm
What’s so hard to understand that they did it for the money?
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Quote:Lettuce sea about these Tax Cuts. I'll use Tax tables from 2016 because I don't have 2017 or 2018.
Originally posted by second:Quote:Your analysis missed something really big. You won't be able to explain it away, either, unless you start imagining fake stories about Civil Engineers opposing the GOP.
Originally posted by JEWELSTAITEFAN:
there was no competition, the rest of the industrialized world having been bombed to rubble, during FDR's War. . . .
So over 80% of Americans will get larger paychecks due to lower taxes now. That's a bigger boom for workers than Bobo or Slick ever gave.
The American Society of Civil Engineers did an analysis of what will happen by 2025. Trump will still be President. To get his $1.5 trillion tax cut, Trump will do $3.9 trillion in damage to the American economy. This is how that happens:
Families bringing home less than $25,000 a year will see an average tax cut of $60 next year, compared with those earning more than $733,000, who would average $51,000 in savings, according to the nonpartisan Tax Policy Center. Whether a family gets $60 or $51,000, not one penny of the money will pay for the $2,064 billion shortfall in infrastructure spending. The lucky families won’t be taking their $60 and purchasing a new road or sewage treatment plant. And not paying for the things that Civil Engineers build will cause:
1) $3.9 trillion in losses to the U.S. GDP by 2025;
2) $7 trillion in lost business sales by 2025; and
3) 2.5 million lost American jobs in 2025.
4) On top of those costs, hardworking American families will lose upwards of $3,400 in disposable income each year.
www.infrastructurereportcard.org/the-impact/economic-impact/
Family of 4 with 25,000 has 2,500 taxable income and Fed Tax of $251. Cutting this by $60 is a 23.9% Tax Cut.
With 733,000 income has Fed Tax of $237,528. Cutting this by 51,000 is less than 21.5% Tax Cut.
Not sure I understand your complaint, or implication of unfairness. Clarify?
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Quote:Fair sure County roads are maintained by the County, not D.C. You should elect responsible County Supervisors.
Originally posted by Oonjerah:
The roads in my county are so bad by now ... pitfall bad,
Our local newspaper is running a series of stories about it.
... oooOO}{OOooo ...
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