1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Where are the tax cuts?

Discussion in 'BBS Hangout: Debate & Discussion' started by Ubiquitin, Feb 8, 2017.

  1. Bobbythegreat

    Bobbythegreat Member
    Supporting Member

    Joined:
    Jan 23, 2013
    Messages:
    63,562
    Likes Received:
    26,150
    Well that's just the problem isn't it? You have a fiscally irresponsible party, and a really fiscally irresponsible party. Given that most support one of those, it's kind of hard to expect much conversation about actual fiscal responsibility.
     
    ipaman likes this.
  2. ipaman

    ipaman Contributing Member

    Joined:
    Nov 23, 2002
    Messages:
    13,026
    Likes Received:
    7,792
    But they're different, not the same. Votes matter :rolleyes:
     
  3. Bobbythegreat

    Bobbythegreat Member
    Supporting Member

    Joined:
    Jan 23, 2013
    Messages:
    63,562
    Likes Received:
    26,150
    Well they are different, it's just that they are both bad when it comes to fiscal responsibility. Being fiscally irresponsible is essentially the only thing the two parties agree on.....but they disagree on how to go about being irresponsible.
     
  4. ipaman

    ipaman Contributing Member

    Joined:
    Nov 23, 2002
    Messages:
    13,026
    Likes Received:
    7,792
    Disagree, they are the same rotten core even if the skin looks different.
     
  5. KingCheetah

    KingCheetah Contributing Member

    Joined:
    Jun 3, 2002
    Messages:
    56,402
    Likes Received:
    48,345
  6. dmoneybangbang

    Joined:
    May 5, 2012
    Messages:
    21,013
    Likes Received:
    12,881
    And what are the biggest items we spend our money on?
     
  7. tallanvor

    tallanvor Contributing Member

    Joined:
    Oct 9, 2007
    Messages:
    17,155
    Likes Received:
    8,899


    This assumes they wont be part of the millions who die because of the tax cuts. Also remember the internet will be dead so they really have nothing to look forward to.

    What all these people had in common was that they were all under the impression they would pay more in taxes. They probably were fed the same bullshit most the posters here read.
     
    #647 tallanvor, Dec 23, 2017
    Last edited: Dec 23, 2017
    Cohete Rojo likes this.
  8. NewRoxFan

    NewRoxFan Contributing Member

    Joined:
    Feb 22, 2002
    Messages:
    54,568
    Likes Received:
    54,504
    Wow, three.
     
  9. tallanvor

    tallanvor Contributing Member

    Joined:
    Oct 9, 2007
    Messages:
    17,155
    Likes Received:
    8,899
    Yep. 3 for 3. Every one of them thought taxes would go up and instead they went down by quite a bit. This coming from far left leaning CBS. You could see the disappoint on the reporter's face. They should do more of this. Have 3 accountants too, not one.
     
  10. NewRoxFan

    NewRoxFan Contributing Member

    Joined:
    Feb 22, 2002
    Messages:
    54,568
    Likes Received:
    54,504
    Wow, 3 for 3. I am convinced with such a huge sample size.
     
  11. larsv8

    larsv8 Contributing Member

    Joined:
    Nov 11, 2007
    Messages:
    21,663
    Likes Received:
    13,914
    What did they say regarding how much their insurance premiums will rise thanks to the repeal of the individual mandate?

    How much did the accountants say they would save over their life spans after the lower class tax cuts expire?
     
  12. Bobbythegreat

    Bobbythegreat Member
    Supporting Member

    Joined:
    Jan 23, 2013
    Messages:
    63,562
    Likes Received:
    26,150
    Can't blame the Tax Bill for Obamacare being a disaster.....though I'm sure some will try.
     
  13. Ubiquitin

    Ubiquitin Contributing Member
    Supporting Member

    Joined:
    Jul 7, 2001
    Messages:
    17,657
    Likes Received:
    12,143
    Barring heavy SALT deductions, most will see a modest tax break with increased annual post tax income of $1,000-3,000 dollars. Or an extra $50 on their paycheck. For comparison, Apple will make an extra $40+ billion in post tax income.
    Our cuts last a few years. The corporation’s are permanent until legislation changes it.

    This is why the bill is very unpopular. It doesn’t matter if you get an extra $50 on your paycheck when you see these giant corporations making record breaking profits and getting an even bigger break.

    Trump rode a populist wave into the White House and the first major legislative achievement the GOP gives him is fairly anti populist. Ironic.

    The GOP will be bragging about this tax cut and having to gut the safety net to help bring down this impending deficit from the tax law while Democrats will be talking about reimplementing CHIP and helping Dreamers. I know who wins this policy debate. (Clue: sick kids will get their health insurance)
     
    #653 Ubiquitin, Dec 23, 2017
    Last edited: Dec 23, 2017
    Phillyrocket likes this.
  14. dobro1229

    dobro1229 Contributing Member

    Joined:
    Feb 16, 2010
    Messages:
    24,040
    Likes Received:
    19,956
  15. dmoneybangbang

    Joined:
    May 5, 2012
    Messages:
    21,013
    Likes Received:
    12,881
    But we can blame the GOP for not properly funding ACA and intentionally causing premiums to be higher than they need to be.
     
  16. NewRoxFan

    NewRoxFan Contributing Member

    Joined:
    Feb 22, 2002
    Messages:
    54,568
    Likes Received:
    54,504
  17. conquistador#11

    Joined:
    Jun 30, 2006
    Messages:
    36,142
    Likes Received:
    22,666
    why would he tell them that they got a lot richer? my president said this was going to cost him and them money!
    BELIEVE ME, I'm in shambles right now. must be fake news.
     
  18. glad_ken

    glad_ken Contributing Member

    Joined:
    Aug 21, 2002
    Messages:
    2,320
    Likes Received:
    323
    Nook likes this.
  19. SirIvyLeague

    SirIvyLeague Member

    Joined:
    Feb 3, 2016
    Messages:
    2,878
    Likes Received:
    1,470
  20. DonnyMost

    DonnyMost be kind. be brave.
    Supporting Member

    Joined:
    May 18, 2003
    Messages:
    47,461
    Likes Received:
    17,157
    LOL. Yes, damn near everyone's taxes are going down. We all know this.

    [​IMG]

    1) The tax cuts for individuals, mostly those outside of the highest earning brackets, are temporary

    2) The tax cuts for non-individuals are permanent

    3) The majority of the tax reductions are focused on the top 5% of earners in the country (estate tax, AMT, investment, interest earned, etc)

    4) These tax cuts will lead to dramatically decreased social services and infrastructure spending which will in turn create a net wealth reduction for the middle class and beyond

    ________

    This is the same old trickle down garbage that has been tried and failed. It will have the same damned results.

    Luckily nobody is fooled this time around, and there will be enormous political consequences for the Republican party in 2018 and 2020 as this bill is wildly unpopular.
     
    fchowd0311 likes this.

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now