Republican Tax Cut for people? - wrong - Tax bills going up

T

TJustice

I could not be happier that rat liar cynical republican Gruber - Ryan is gone.

The changed inflation metrics to slow down the rise of deductions and brackets.

Too bad all the establishments rats were not tossed out of office.



https://www.wsj.com/articles/trump-tax-cut-to-be-eroded-next-year-by-inflation-switch-1542302217

The standard deduction, tax brackets and other items will still increase most years, but now they will usually climb more slowly than they would have under the old formula.
 
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Maybe the Democrats should dismantle that bill to teach the establishment cronies a lesson.
(not that the Democrats will, they will just find a way to screw the 50 to 99 percenters out of more. )

Trump better fight for his base on this, this time.


If Trump wants to win he should work with democrats on single payer which would include the 99 percent and under. (he can also protect real estate developer companies who are owned by the families of Presidents too.)
 
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TJustice said:
Maybe the Democrats should dismantle that bill to teach the establishment cronies a lesson.
(not that the Democrats will, they will just find a way to screw the 50 to 99 percenters out of more. )

Trump better fight for his base on this, this time.
Or, even Avenatti will beat him.

If Trump wants to win he should work with democrats on single payer which would include the 99 percent and under. (he can also protect real estate developer companies who are owned by the families of Presidents too.)
More...

Dude, Avenatti isn't going to be a factor at all.
 
TJustice said:
I could be happier that rat liar cynical republican Gruber - Ryan is gone.

The changed inflation metrics to slow down the rise of deductions and brackets.

Too bad all the establishments rats were not tossed out of office.



https://www.wsj.com/articles/trump-tax-cut-to-be-eroded-next-year-by-inflation-switch-1542302217

The standard deduction, tax brackets and other items will still increase most years, but now they will usually climb more slowly than they would have under the old formula.
More...

Your tax bills will have to go up to control and/or pay off the new federal debt and Trump's increased spending. It's either now or let your kids pay for if you and your peers are selfish. I keep telling you this but you believe in a lot of bs. We went through this in Canada roughly 30 years ago when our federal debt to GDP was at current US levels.
 
You are of course aware the argument I make is that we should cap spending... and let inflation grow us into balance.

I also argue that as a sovereign nation we don't have to borrow the money.
And that the inflation argument makes no sense if we borrow the money but then allow the Fed go ahead and create as much money as it wishes anyway? Where does all the systematic inflation come from if we are borrowing the money?


You need to learn about the banking system before you come here and lecture.
Finally its not just Trump's spending. Spending increases just about every year under every Congress and every President.

Nine_Ender said:
Your tax bills will have to go up to control and/or pay off the new federal debt and Trump's increased spending. It's either now or let your kids pay for if you and your peers are selfish. I keep telling you this but you believe in a lot of bs. We went through this in Canada roughly 30 years ago when our federal debt to GDP was at current US levels.
More...
 
TJustice said:
You are of course aware the argument I make is that we should cap spending... and let inflation grow us into balance.

I also argue that as a sovereign nation we don't have to borrow the money.
And that the inflation argument makes no sense if we borrow the money but then allow the Fed go ahead and create as much money as it wishes anyway?

You need to learn about the banking system before you come here and lecture.
More...

You don't seem to understand how out there your ideas are. The idea of letting "inflation grow us into balance", give me one example where this occurred on the planet. I gave you an example where increased personal taxes were a big part of a solution and the current US federal debt to GDP is pretty much identical to Canadian levels when that solution started.

You can debate and argue this all day if you want, but I don't see US federal debt going down, US personal taxes going down ( according to you ), or US medical insurance premiums under control ( basically a personal tax in the bigger picture ). I prefer reality, the numbers don't lie.
 
1. Caps are not new.
We had Sequestration and Graham Rudman.

The issue is our politicians find a way to cheat the caps they created.

2. Printing our own money is not something new.
Lincoln did it. 400 million worth of US govt issued Greenbacks.
Its debated about whether Kennedy did it.

By the way we have not always had privately run central banks....


https://en.wikipedia.org/wiki/History_of_central_banking_in_the_United_States

Nine_Ender said:
You don't seem to understand how out there your ideas are. The idea of letting "inflation grow us into balance", give me one example where this occurred on the planet. I gave you an example where increased personal taxes were a big part of a solution and the current US federal debt to GDP is pretty much identical to Canadian levels when that solution started.

You can debate and argue this all day if you want, but I don't see US federal debt going down, US personal taxes going down ( according to you ), or US medical insurance premiums under control ( basically a personal tax in the bigger picture ). I prefer reality, the numbers don't lie.
More...
 
TJustice said:
1. Caps are not new.
We had Sequestration and Graham Rudman.

The issue is our politicians find a way to cheat the caps they created.

2. Printing our own money is not something new.
Lincoln did it. 400 million worth of US govt issued Greenbacks.
Its debated about whether Kennedy did it.

By the way we have not always had privately run central banks....


https://en.wikipedia.org/wiki/History_of_central_banking_in_the_United_States
More...

"Printing money" could mean many things but the idea that it's a direct solution to federal debt is flawed in nature. What you seem to be missing is if there were easy pain free solutions to federal debt, they would have occurred already.

What I'm saying is higher personal taxes and/or things like higher social services payments ( like the medical premiums you pay ) seem inevitable in current day US. With an aging population, it only looks worse. Throw in Trump's preference for extra spending on borrowed money, and curtailing immigration which ages your population even more, it's not a pretty picture.

If reality turns out otherwise, and some incredible solution occurs, we'll see. I have serious doubts, and feel if a supposed wizard like yourself or anyone else existed in the US to implement such solutions, they'd be on the job already and paid a handsome penny to get it done. I don't see any evidence you are on the job doing that, and not an ounce of evidence that anyone has made even an inch of progress pursuing ideas you've expressed on this site. Higher personal taxes does eventually solve out of control debt; it may not please people but I doubt many Americans would flee the country because their taxes went up 5-10%.
 
Kamala Harris's Plan Would Cut Taxes For Many But Could Add Trillions To The Debt

Adds $2.8 Trillion in first decade (Trump's only added $1.5 Trillion) and then $3.4 Trillion in the 2nd decade.

According to new Tax Policy Center estimates, the refundable tax credit for low- and middle-income households proposed by Sen. Kamala Harris (D-CA) would cut taxes in 2019 by an average of about $3,200 or 1.8 percent of after-tax income. However, her plan would be extremely costly. Unless Congress agrees to offset the expense with other tax increases, her plan would reduce federal revenue by nearly $3 trillion over the next decade and by $3.4 trillion over the following ten years.

https://www.forbes.com/sites/howard...could-add-trillions-to-the-debt/#71472fe02479
 
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