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White Christianity seething in its own soup.
- Thread starter Agent47
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Senate rules that permit a simple majority of votes to pass a bill that affects the budgeting process cannot have economic effects that last more than 10 years. Since no Democrats were going to vote for the tax reform bill the GOP had to put a sunset clause in the individual tax cuts in order to get the bill passed with 51% of the vote. A permanent tax cut would have required a 60% margin.This is the same reason why the George W. Bush tax cuts had a 10 year sunset provision. If you remember, Obama agreed to extend the tax cuts beyond the 10 year expiration. There's no reason why that couldn't happen again.
How can a tax reform law redistribute wealth from poor to rich when the lower 50% of taxpayers (roughly) have a tax rate of 0% or less?
As you yourself have noted, the passage of the tax cut will result in millions and millions of deaths unless Democrats donate their money to help.
We are taking Cuban refugee craft and floating our needy to London and Paris.
GHWB told that to all the young Hillary nurses who took care of him.
He said that while he was campaigning for president the first time. Stop making these things up.
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The death toll from the $4 a day tax cut keeps limbing and what are the bushes doing?
As I understand it - correct me if I'm wrong - the 2010 PAYGO proviso means an automatic cut in Medicare benefits of up to $25 billion next year - unless a cross party deal to the contrary is struck, which seems unlikely. So there you have it: a naked cut adversely affecting the poor to fund corporate welfare for the greedy wealthy. Like I said up thread: GOP=Greedy Orcs' Party.
OK, a couple of things.
1. People that make the minimum wage DON'T PAY INCOME TAXES. They don't make enough money to get any taxes incurred. How can there be a tax cut when there is nothing to cut? A person that makes $495,000 does pay income taxes, so yes, they will get an income tax cut.
2. This Forbes article was written before the final version of the tax bill was passed. Marco Rubio got a provision put in the final version whereby poor people get a refundable direct payment of up to $1,400 per family for the child tax credit. This provision means that even if the family does not have any federal income tax liability (they pay no income taxes) they will get a direct payment from the government. So, yes, the person making minimum wage with children that pays no income taxes will STILL GET MONEY BACK FROM THE GOVERNMENT.
So do miminum wage earners pay no sales tax on the goods they have to buy? Are they thus genuinely tax exempt?
And what about the healthcare premiums point? And Medicare cuts?
And so it begins:Ryan says Republicans to target welfare, Medicare, Medicaid spending in 2018
The vultures are indeed circling over the weak and vulnerable, enjoying their rich pickings from them. About as unChristian as it gets.
The vultures are indeed circling over the weak and vulnerable, enjoying their rich pickings from them. About as unChristian as it gets.
Sales taxes are not income taxes. Payroll taxes (FICA, Medicare) are not income taxes. Property taxes are not income taxes. Gasoline taxes are not income taxes. Vehicle licensing taxes are not income taxes.
This tax bill provides for federal income tax cuts.
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The federal government can only provide tax cuts on taxes that they levy. It's not like the federal government can has a duty to reform a state's sales tax.
WaPo (and you and FollowTheWay) say that Ryan said he's going to cut welfare, Medicare and Medicaid spending. If you actually read the Ryan quote he says, “We're going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit,”.
Hmmm... I don't see the word cut in there. I see the word reform. Typically that means block grants to the states and the states can dole out the money as they see fit.
A cut in real terms: yours and Rob's posts just now have confirmed that to me. You can't polish a turd I'm afraid!
It represents a redistribution however you label it or dress it up.
Forbes was on Dobbs and the video is probably on YouTube. His point is that GOP congressional leadership did not have their act together, hence the haste, and the fact that these tax cuts could lead to more borrowing since there is no reduction in government spending by the swamp. Forbes and Dobbs think alike. Forbes does not bolster the liberal case but the conservative case.
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