Trump's Tax Reform Plan

[Baptist Believer]

Don't underestimate the loss of deductibility of state and local taxes paid.That's going to be significant income for the feds, especially in NY, CA, NJ, PA, etc.

I live in Texas and we don't have a state income tax (they get us from every other direction), so it won't affect me either way, but I think that's actually going to hurt a lot of people in states with high tax rates. It may turn out to be a tax increase for them instead of a break.

 

[Rob_BW]

Yep, sounds good.

Elimination of child tax credit? Not so good.

I would guess the overall tax reform plan would cause a slight increase in the net taxes paid. Supposing it was $800 more per married couple but you could file your taxes in half an hour or less? I think people would go for it. (Not me, though.)

I've got a 6 and an 8 year old, and I can't remember the last year I got anything for the child tax credit.

 

[Earth Wind and Fire]

We're dealing with a President who is far closer to Satan than he is to God. genuine Christians need to stand up against the moral atrocities Trump has committed and will try to commit in the near future.

But Evangelicals have claimed Trump to be a baby Christian....so just give him 8 years....and everything will be OK,

 

[Earth Wind and Fire]

I 100% support the tax holiday. We need to bring that money back in. I am still skeptical but we will see how it plays out. It is very important for Trump's legacy right here. He needs to get this passed and pay for it. If he does that it will be huge for his legacy.

Nobody gives a fig about this guy's legacy.

 

[Rolfe]

But Evangelicals have claimed Trump to be a baby Christian....

Yep, one of the more odd rationalizations some have used...

 

[Salty]

My preference is to drop the income tax and go with the Automatic electronic Tax

 

[Earth Wind and Fire]

Yep, one of the more odd rationalizations some have used...

True Christians need to pray hard....very fervently & hard.

Be well brother

 

[FollowTheWay]

But Evangelicals have claimed Trump to be a baby Christian....so just give him 8 years....and everything will be OK,

With the report that 80% of white "evangelical Christians" voted for Trump, I said to an assistant pastor at my church the real loser in this election is Christ's Church not the Democrats. This served to further reinforce the view by many non-church goers that the church is full of hypocrites. Calling Trump a "baby Christian" when there's absolutely no evidence of that simply increases the damage. If these people had been honest and simply said they voted for the Republican candidate because they place their party affiliation above their Christian view of morality (whatever that means for this group) that would have been a much more honest reply and reduced the damage to evangelistic progress in America.

 

[FollowTheWay]

"Moral atrocities"? Hyberbole, much?

Unfortunately not. Stiffing small businessmen by refusing to pay for their work. Having a child out of wedlock. Working with our greatest enemy to influence the election. Firing the Justice Dept. official investigating that link. Trying to block the commission investigating that. Refusing to release his tax returns hiding who knows what. Promising coal miners he would support them while planning to cut off their ObamaCare insurance, as well as Social Security and Medicare. Proposing a tax plan which will dramatically increase the national debt while benefiting the ultra rich including himself. Discussing sensitive national securities opening at his Fla. resort. Personally benefiting from sending business to himself as president/businessman. Actually, I would agree that the worst of this won't happen until and unless his policies are implemented. Senior citizens and retired people will simply have no alternative to continue to support themselves when Trump takes down Social Security and Medicare. About 60% of retirees rely on Social Security for over half their income and most people retiring these days go on Medicare. Don't think he's trying to destroy these programs? Read the fine print. He already is doing things to go in that direction. Then there's his attack on Medicaid. Do you know that most Medicaid funds are spent on senior citizens to keep them in nursing homes? Without Medicaid support they would simply be put out on the street.

What has he done that is positive? Well, I agree with his statement that Bush and Cheney should have been impeached for war crimes but that had no effect today.

 

[InTheLight]

You have odd definitions of moral atrocities. Outside of having a child out of wedlock everything you've listed is a political and/or economic issue.

An example of a moral atrocity is mass murder. Or torture.

Sent from my Nexus 7 using Tapatalk

 

[Rolfe]

Having a child out of wedlock.

I doubt that many of these "atrocities" think of themselves as such when they grow up.

 

[FollowTheWay]

I doubt that many of these "atrocities" think of themselves as such when they grow up.

I'm not talking about the child. I'm talking about the father who's posing as a "Christian."

 

[Reynolds]

The Trump Tax Reform Plan

Where is the Trump Tax Reform Plan? Here is a compilation of news stories regarding the status of the Trump tax reform plan. There is no leadership on this issue.

Once again I will remind you that George W. Bush's tax plan was passed in late May of 2001 and signed into law on June 5, 2001. Ronald Reagan's first tax reform measure was signed on August 4, 1981.


February 9, 2017

Trump Says 'Big-League' Tax Reform Details Coming in Weeks
An announcement on tax reform is coming in a matter of weeks, President Donald Trump said Thursday.

Trump said his administration will soon provide more details on a much-anticipated plan to cut taxes, suggesting that corporations will see a significant reduction in taxes. He made the remarks before a meeting with airline executives at the White House.

“We’re going to … lower the overall tax burden on American businesses big-league. That’s coming along very well. We’re way ahead of schedule, I believe. We’re going to be announcing something, I would say, over the next two or three weeks,” Trump said.

Trump Says 'Big-League' Tax Reform Details Coming in Weeks


February 22, 2017

Trump: Tax reform plan is 'very well finalized' but will come after ACA repeal effort

President Donald Trump said Wednesday that a Republican tax reform plan is nearly done but reiterated it will come after an Affordable Care Act repeal measure.

"Before we do the tax — which is actually very well finalized — but we can't submit it until the health care statutorily or otherwise," Trump told reporters before a White House budget meeting. "So we're doing the health care — again moving along very well — sometime during the month of March, maybe mid-to-early March, we'll be submitting something that I think people will be very impressed by."

Trump: Tax reform plan is 'very well finalized' but will come after ACA repeal


March 24, 2017

Mnuchin: Trump 'ready to go' on tax reform

Treasury Secretary Steven Mnuchin said Friday that the White House is likely to release a tax-reform plan "pretty soon."

At an event hosted by Axios, Mnuchin said that the Trump administration has been working on tax reform for the last two months.

"This is something, because we are designing it from scratch and running through a lot of scenarios we've needed the last two months to work on. We would not have been ready to go a month ago on tax reform, and now we are," he said.

He said the goal was still to win congressional approval of the tax measure by August. But if the timeline is delayed, he said he expected the proposal to pass by the fall.

Mnuchin: Trump 'ready to go' on tax reform


April 17, 2017

White House delays tax reform

The White House will not have its comprehensive tax reform package ready by August's congressional recess, Treasury Secretary Steve Mnuchin conceded in an interview with The Financial Times. About that original timeline, which Mnuchin had reiterated during an Axios event just weeks ago:

"It's highly aggressive to not realistic at this point."

White House delays tax reform


April 20, 2017

Mnuchin backtracks again on his tax plan

Treasury Secretary Steve Mnuchin today said that the White House would unveil its comprehensive tax reform plan "very soon," just days after telling The Financial Times that releasing a plan by August's congressional recess would be "highly aggressive to not realistic."

Mnuchin backtracks again on his tax plan

I wonder what they will say about it tomorrow? Next week?

Held up by RINOs.

 

[Happy]

The Trump Tax Reform Plan

Where is the Trump Tax Reform Plan? Here is a compilation of news stories regarding the status of the Trump tax reform plan. There is no leadership on this issue.

Once again I will remind you that George W. Bush's tax plan was passed in late May of 2001 and signed into law on June 5, 2001. Ronald Reagan's first tax reform measure was signed on August 4, 1981.


February 9, 2017

Trump Says 'Big-League' Tax Reform Details Coming in Weeks
An announcement on tax reform is coming in a matter of weeks, President Donald Trump said Thursday.

Trump said his administration will soon provide more details on a much-anticipated plan to cut taxes, suggesting that corporations will see a significant reduction in taxes. He made the remarks before a meeting with airline executives at the White House.

“We’re going to … lower the overall tax burden on American businesses big-league. That’s coming along very well. We’re way ahead of schedule, I believe. We’re going to be announcing something, I would say, over the next two or three weeks,” Trump said.

Trump Says 'Big-League' Tax Reform Details Coming in Weeks


February 22, 2017

Trump: Tax reform plan is 'very well finalized' but will come after ACA repeal effort

President Donald Trump said Wednesday that a Republican tax reform plan is nearly done but reiterated it will come after an Affordable Care Act repeal measure.

"Before we do the tax — which is actually very well finalized — but we can't submit it until the health care statutorily or otherwise," Trump told reporters before a White House budget meeting. "So we're doing the health care — again moving along very well — sometime during the month of March, maybe mid-to-early March, we'll be submitting something that I think people will be very impressed by."

Trump: Tax reform plan is 'very well finalized' but will come after ACA repeal


March 24, 2017

Mnuchin: Trump 'ready to go' on tax reform

Treasury Secretary Steven Mnuchin said Friday that the White House is likely to release a tax-reform plan "pretty soon."

At an event hosted by Axios, Mnuchin said that the Trump administration has been working on tax reform for the last two months.

"This is something, because we are designing it from scratch and running through a lot of scenarios we've needed the last two months to work on. We would not have been ready to go a month ago on tax reform, and now we are," he said.

He said the goal was still to win congressional approval of the tax measure by August. But if the timeline is delayed, he said he expected the proposal to pass by the fall.

Mnuchin: Trump 'ready to go' on tax reform


April 17, 2017

White House delays tax reform

The White House will not have its comprehensive tax reform package ready by August's congressional recess, Treasury Secretary Steve Mnuchin conceded in an interview with The Financial Times. About that original timeline, which Mnuchin had reiterated during an Axios event just weeks ago:

"It's highly aggressive to not realistic at this point."

White House delays tax reform


April 20, 2017

Mnuchin backtracks again on his tax plan

Treasury Secretary Steve Mnuchin today said that the White House would unveil its comprehensive tax reform plan "very soon," just days after telling The Financial Times that releasing a plan by August's congressional recess would be "highly aggressive to not realistic."

Mnuchin backtracks again on his tax plan

I wonder what they will say about it tomorrow? Next week?

LOL ~ my last 80's copy of the Federal Tax Code was over 10.000 pages long and the Federal Tax Code is now over 70,000 pages long. And additionally there are tens of thousands of Federal Regulations specifically applicable to the Federal Tax Code.

I'm sure the critics have ALL read the Federal Tax Code and it's Regulations and have come to a conclusion of what should be changed, and think they have the POWER to repeal and rewrite what they would like implemented....like they apparently think the President has read while relaxing in the White House and exercising "his power" (lol) to repeal and rewrite Laws!

Good grief ~ Having an IDEA and making a PLAN to effect any IDEA is a process, with obstacles and considerations to take into account....

Calm down people ~ stop criticizing Trump's time frame of effecting what you know he is working on....
and get to getting fulfilling all your own things you said you were "gunna do"....clean that garage, paint the house, call your mom, play ball with your kid....sheesh!

 

[InTheLight]

LOL ~ my last 80's copy of the Federal Tax Code was over 10.000 pages long and the Federal Tax Code is now over 70,000 pages long. And additionally there are tens of thousands of Federal Regulations specifically applicable to the Federal Tax Code.

I'm sure the critics have ALL read the Federal Tax Code and it's Regulations and have come to a conclusion of what should be changed, and think they have the POWER to repeal and rewrite what they would like implemented....like they apparently think the President has read while relaxing in the White House and exercising "his power" (lol) to repeal and rewrite Laws!

Good grief ~ Having an IDEA and making a PLAN to effect any IDEA is a process, with obstacles and considerations to take into account....

Calm down people ~ stop criticizing Trump's time frame of effecting what you know he is working on....
and get to getting fulfilling all your own things you said you were "gunna do"....clean that garage, paint the house, call your mom, play ball with your kid....sheesh!

The criticism is that he's talked about his tax reform plan for over 18 months now. Got elected in November. There's a couple of months where he should have had an IDEA of what he wanted to do. All I was asking for was an announcement with an outline of the plan, not nit-picking detailed legislation.

Whether or not critics have read the federal tax code has no bearing on why he hasn't announced the broad outlines of his plan. That is the first step in getting legislation passed. Once again: Reagan's tax plan passed in August of his first year in office; George W. Bush's tax plan passed in May of his first year in office. Here it is April and we finally get to see the broad strokes of Trump's plan.

I guess I shouldn't be surprised. The man said today that being President is much more work than his previous job of hosting a reality TV show. Who'd have thunk that?

 

[Happy]

April 26, 2017 (morning)

The White House's presentation will be "pretty broad in the principles," said Marc Short, Trump's director of legislative affairs. In the coming weeks, Trump will solicit more ideas on how to improve it, Short said. The specifics should start to come this summer.

Short said the administration did not want to set a firm timeline, after demanding a quick House vote on a health care bill and watching it fail.

But, Short added, "I don't see this sliding into 2018."

Trump proposing tax cuts for companies big and small
-----

Ah, yes. First tax reform was to be done in the first 100 days. Then it was right after repeal of Obamacare. Then it was "very soon". Then it was "passed before the August recess, signed in September". Next it was "won't be ready by August recess". Now it is "don't see it sliding into 2018".

Well, excuse me, but all we've seen is the deadline slipping further and further into the future. Frankly, there is no reason to believe it WON'T slide into 2018. Everything else this administration has done has been slip, slidin', away.

You may say you want to paint the house SOON, but good luck with that, IF you have no paint!

You seem amiss, that trying to effect an idea, a plan, IN Government always has hoops, obstacles, roadblocks.

It almost seems like the people at large are convinced the President's authority extends to mean Dictator, without the necessity of ANY checks, balances or legal processes. Weird!

 

[InTheLight]

You may say you want to paint the house SOON, but good luck with that, IF you have no paint!

You seem amiss, that trying to effect an idea, a plan, IN Government always has hoops, obstacles, roadblocks.

Again, why has it taken this long just to get a summary of the idea of the plan? How could Reagan and Bush get their tax reforms passed so quickly? Maybe Trump isn't very good at governing. Have you considered that?

It almost seems like the people at large are convinced the President's authority extends to mean Dictator, without the necessity of ANY checks, balances or legal processes. Weird!

Yes, these people complain about federal judges challenging Trump's travel bans and his sanctuary city policy. It's as if they don't want checks and balances. Weird.

 

[Happy]

The criticism is that he's talked about his tax reform plan for over 18 months now. Got elected in November. There's a couple of months where he should have had an IDEA of what he wanted to do. All I was asking for was an announcement with an outline of the plan, not nit-picking detailed legislation.

Why? You want his ideas laid out for you? Yet you should KNOW, the judicial branch must be consulted and reviewed and researched that his ideas are lawfully JUST. And you should KNOW, the "invisible", non-existent, "fairness branch" of government must be consulted and reviewed and researched for those who DO NOT financially support the government "can be included".

And once his "idea" is laid out for you.. And then, consulted, reviewed and researched for legality purposes, and something of Trump's "idea" being not within the legal parameters, and changed.....you can jump on the bandwagon and call him a liar?

Patience man ~ wait for the announcement ~

Whether or not critics have read the federal tax code has no bearing on why he hasn't announced the broad outlines of his plan. That is the first step in getting legislation passed. Once again: Reagan's tax plan passed in August of his first year in office; George W. Bush's tax plan passed in May of his first year in office. Here it is April and we finally get to see the broad strokes of Trump's plan.

Really? Critics should have no grasp or consideration of legalities concerning a plan that must conform to a legal outline? Funny and juvenile, sort of akin to American "news". (ie give me speculation, and ya sure, I'll pretend they are facts...lol)

Obama's proposed laws were passed too. So what? Under direction of Pelosi saying TO CONGRESS, "just vote for it"... "you can read it later". (to which she should have been, according to the LAW, booted out of Congress for directing Congress to violate the Law!)

Apparently you are unaware of the huge number of UnConstitutional Laws that permeate the Federal Statutes, and the ease at which they find their way into the Law Books, and the extreme difficultly in repealing them.

I guess I shouldn't be surprised. The man said today that being President is much more work than his previous job of hosting a reality TV show. Who'd have thunk that?

Well, IF you have done "neither" job, your thinking would not be expert in commenting to such points.

 

[Happy]

Again, why has it taken this long just to get a summary of the idea of the plan? How could Reagan and Bush get their tax reforms passed so quickly? Maybe Trump isn't very good at governing. Have you considered that?

Already explained. He is not a Dictator, and his ideas are subject to judicial review.

I have considered; the People themselves elect whom they shall be governed by. Many people did NOT elect Trump, and defy his governance. Nothing new. People defy what they do not want. People intentionally instigate and float a T--- in the punch bowl at every given opportunity.

Yes, these people complain about federal judges challenging Trump's travel bans and his sanctuary city policy. It's as if they don't want checks and balances. Weird.

IF you consider separately, "things" that override and mesh in the real world.

Submitting to God - a personal choice ... to agree and submit to His Word and His Ways.

Submitting to a Political stance - a personal choice .... being in agreement and supportive of it's ideals and agenda.

Submitting to FAMILY - a personal choice.... and here is where the reality is hidden or exposed.

A man can be absolutely committed to God in the sight of fellow believing witnesses ~ AND hide his support for his son who is a homosexual, or daughter or wife who has an abortion, or sneak around and cheat and lie and steal. And WHY does he "hide" his "support" toward his family? Because he is not willing to forego a relationship WITH his family, because he "loves them". AND IF his "secrets" become revealed....well, well, he has just opened the door to all kinds of criticism toward himself and his "reputation" and professional aspirations.

Trump has been bombarded endlessly with comments and accusations....about his personal life, his wives, his romances, his careers, his business, his looks, his money, property, his IQ, his ideas, his efforts, blah, blah, blah.....and repeatedly, when all the nonsense blows past that doesn't get a rise out of him....it always resorts to;

tell us, tell us, tell us your plan.....BEFORE it is complete....so we can call you a liar IF your plan does not materialize exactly how you said!

Trump gave you information during his campaign ~ he revealed a list of specific things "he thinks" require attention for the betterment of the US and her citizens and he had the intention of immediately working on and giving attention to those things. He has been doing precisely that. Too bad it isn't quick enough for you. And too bad you are not in tune to the fact Trump does not have a highway, VOID of obstacles to overcome and resolve.

 

[InTheLight]

Why? You want his ideas laid out for you? Yet you should KNOW, the judicial branch must be consulted and reviewed and researched that his ideas are lawfully JUST. And you should KNOW, the "invisible", non-existent, "fairness branch" of government must be consulted and reviewed and researched for those who DO NOT financially support the government "can be included".

And once his "idea" is laid out for you.. And then, consulted, reviewed and researched for legality purposes, and something of Trump's "idea" being not within the legal parameters, and changed.....you can jump on the bandwagon and call him a liar?

You're totally avoiding my point about Reagan and George W. Bush. These presidents got the job done with the same obstacles as Trump. They got it done. Why not Trump?

Apparently you are unaware of the huge number of UnConstitutional Laws that permeate the Federal Statutes, and the ease at which they find their way into the Law Books, and the extreme difficultly in repealing them.

Reagan and Bush got it done. Why not Trump?

Well, IF you have done "neither" job, your thinking would not be expert in commenting to such points.

That's a fallacy. I don't have to be President to know if the person is doing a good job at it or not. I don't have to be a chef to know if food tastes good. I don't have to be a movie director to know if a movie is good or not. I don't have to be a writer to know if a novel is good or not. I don't have to be a preacher to know if a sermon is good or not.

Besides, ignorance is not stopping you from commenting on things.