GOP is against education for non-wealthy, tax tuition waiver for grad students, college employees

Commodore · Nov 19, 2017

Major said: ↑

Beyond that, the CBO just provides information.
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I question the veracity of that information.

Major · Nov 20, 2017

Commodore said: ↑

I question the veracity of that information.
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Why, though? Do you have a better source of information?

Have their estimates been way off in the past? (the Obamacare stuff is nonsense because the bill that was scored was not the bill that was implemented due to Supreme Court changes)

Deji McGever · Nov 20, 2017

glynch said: ↑

No wonder so many millennials hate capitalism.
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You are making Adam Smith cry. This isn't capitalism -- this is feudalism.

Rocket River · Nov 21, 2017

Major said: ↑

The private planes tax is a red herring - it's not a tax deduction and is just a political talking point. Here's a good article on why Sherrod Brown, of all people, supports it:

https://www.huffingtonpost.com/entry/senate-tax-bill-break-private-jets_us_5a0f563be4b0e97dffed3e5a

All it does is basically clarify & codify current rules that resulted from an IRS interpretation a while back. Bad optics, yes. Bad policy? Not really.

Private plane operators aren’t actually getting any new tax break here. Indeed, the Joint Committee on Taxation, a nonpartisan congressional panel that examines tax legislation, says the plane break won’t actually cost anything. The industry and their backers in the Senate, including the super liberal Sen. Sherrod Brown (D-Ohio), explain that the provision merely brings clarity to a long-standing tax dispute, kicked off five years ago by a memo from the Internal Revenue Service.

The provision makes clear that the companies that manage private air travel ― plane owners use them to hire pilots or handle logistics ― do not have to pay a 7.5 percent excise tax on air travel. The 7.5 percent tax is also known as a “ticket tax” and Americans pay it when they travel commercial.

This doesn’t mean private air travel isn’t subject to taxes, there’s just a different kind of tax ― a fuel surcharge that amounts to around 20 cents per gallon of gas. Planes burn through 300 gallons an hour.

Think of it like how car owners pay gas taxes but if you take a taxi, you pay a different fee, said Nel Stubbs, an aviation tax expert at Conklin & de Decker Aviation Information, an aviation research and consulting company.

“I’ve been doing this a long time and it’s not giving owners a tax break, it’s clarifying the application of a tax,” she added.

...

“This provision in no way cuts taxes for private jet owners,” said spokesperson Jennifer Donohue. “It simply clarifies what the law already says — that service companies made up of mechanics and service workers don’t pay ticket taxes, because they don’t sell tickets.”
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We are an OPTICS society now
Thanks for posting this

Rocket River

Rocket River · Nov 21, 2017

Carl Herrera said: ↑

It is notable that the private planes tax exemption stays in the GOP bill. The measly $250 exemption for teachers buying class supplies is eliminated. So they don't mind some exemption.
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Quick Google search says there are about 3.1 milllion teachers
If that 250 equals 2$ per teacher then 6.2 million more to the public coffers
which means more or less they can give someone else 6.2 million dollars in tax breaks

Rocket River

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GOP is against education for non-wealthy, tax tuition waiver for grad students, college employees

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