Discussion: CBO: Senate GOP Tax Bill Favors High Earners Over Low Income Taxpayers

Toles has talked about how much he despises PP, so it’s not just a job.

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Is there such a thing as managed kleptocracy?

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" As much as you can ’ manage ’ to grab " —

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Personally, I hope it gives his base diahrrea. It will serve them right.

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It’s official. Republicans are raising our taxes.

Not to buy something. Not to build something. Not even to pay off Reagan’s debt. But to funnel money to their donors, who will give some of it back to… us?

Nah. To Republican career politicians!

Donald Trump considers this “good business”. For him. Like contractors who work for him, Trump regards people who vote for him as losers.

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Additional take on CBO accounting. Massive tax cuts designed to be wealth redistribution. Chart tells part of the income distributional breakdown. Another critical aspect: Income category where median Black household income sits ($30-40K) pays $9.46 Billion more in taxes through 2027. Income category where median white household sits($50-75K) amasses $72 Billion in cuts. Me thinks the 13 million who will probably lose health care will work the same way.
Race and economics intersects!

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Senate GOP Tax Bill Favors High Earners Over Low Income Taxpayers

No, “Senate GOP Tax Bill is massive giveaway to wealthy, at the expense of everyone else.”

Fixed your headline for you TPM.

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Here you go:

I think you need a little more detail here in Step 2…"

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This is but a drop in the bucket.

The real corporate issue that directly impacts jobs will be the extra money corporations will now have to replace workers jobs with robot jobs. Sure, the jobs will stay in the US, depending on who makes/maintains the robotic “workers”. Like oil pipelines, the initial labor force will be relatively large but once the oil flows or the production line starts, one or two humans may be needed.

You’re talking about an administration that couldn’t manage its way out of a soggy paper bag if you cut a hole in it for them and installed flashing “THIS WAY OUT” lights.

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By 2019, the agency found, Americans earning less than $30,000 a year would see their tax bill go up under the Senate bill. By 2021, those earning $40,000 or less would see a hike. By 2027, most people earning $75,000 a year or less would have to pay more. At the same time, people earning more than $100,000 a year would see the biggest benefit over time.

This is a feature, not a bug.