A lot of confusion. Some mixed messages (of course), one push to end payroll taxes (ahem - and social security? medicare?) My favorite part was the implied message in this quote
“It’s a little frustrating that they feel they have to write a new tax
plan when they have a tax plan,” said Steven Moore, an economist at the
conservative Heritage Foundation who helped formulate tax policy for the
Trump campaign.
Aw, the Heritage Foundation getting locked out of this discussion? Bless there hearts.
White House aides say the goal is to cut tax rates sharply enough to improve the economic picture in depressed rural and industrial pockets of the country where many Trump voters live.
So, are they planning a tax cut on cigarettes, alcohol and fast food?
Republican proposed 1040 form:
- How much money did you earn last year?
- If your answer to question 1 above is more than $250,000, you are entitled to a full refund of your taxes.
Lower taxes on Methamphetamine and Oxycontin too.
The Trump administration appears to have shut out the economists who helped assemble one of his campaign’s tax overhaul plans, which independent analyses show would have increased the budget deficit.
And, we wish to welcome you to Mnunchkin Land​:musical_note:
perhaps add a point #3: If your answer to question 1 is under $250,000, your effective tax rate is 35% (and forget the mortgage and other deductions) While this won’t help balance the budget, it will ensure that those working class people won’t become takers.
So they’ll get rid of the payroll tax and come up with something to fund social security later? And they’ll create a spiffy new border tax that’s sort of like VAT but particularly doesn’t omit labor costs (thus giving companies even more incentive to keep those costs down). This sounds like a dogs breakfast that makes the AHCA look well thought out.
And yeah, you could reduce tax rates to zero and still not stimulate the economies of the areas where people aren’t paying a lot in taxes because there aren’t a lot of decent jobs…
This makes the usual republican garbage look good.
Ya pays yer money …Ya takes yer chances …WWeeeeeeeeeeeee –
I guaran-fuckin-tee ya who he isn’t gonna ask out to the dance …
Helpin’ them ’ takers ’ … sooo yesterday —
Don’t tell the Donald but the savants in the House Freedumb Caucus can sniff out anything that even looks like it would benefit the democrat party, noisily reject it as heresy, and deny Him a working majority to even get it out of committee. The Trump stasis continues…
Yeppers. I’ve heard that one of the features of their tax plan includes a 20% border tax. Not happening. Starving funds from SS to put more money in some people’s pockets now? Also not happening.
So DT will shut out the economists, side step the legislature, and have the billionaires and business execs in the White House take a more active role to prepare tax legislation that will pass with only Republican votes. I would be hard pressed to devise a plan that is more likely to improve the economic picture in depressed rural and industrial pockets of the country where many Trump voters live. The hardest part will be to find a way to make the regressive FICA tax even more regressive without adversely affecting GOP benefactors.
If this is the end result of the White House trying to learn the lessons from health care they must have put DeVos in charge.
GOP to Mr. Trump: Those of us whose elections are funded by the 1% have reached a consensus. We want to be smart like you and pay zero taxes. If we get rid of Social Security, Medicare and Medicaid, we can pull that off. Can probably pay for your wall and just tell everyone Mexico picked up the tab. What do you think?
You’re a loser, Mr Grumpf
Don’t listen to them trying to tell you that it is time that they themselves make a tax plan, really roll up their sleeves – they already did that, and the result is tax breaks for the extremely rich and you pay more and the budget won’t balance anyway! That is their plan, we know!
Some view the search for new options as a result of Trump’s refusal to set clear parameters for his plan and his exceedingly challenging endgame: reducing tax rates enough to spur faster growth without blowing up the budget deficit.
Why not just put Kushner in charge?
Problem solved!
Well if Rump wanted to be the most popular and successful President in history, the overwhelming national consensus is far to the left of Democrats in DC.
He should:
Make college tuition-free.
Raise the minimum wage.
Hire 200,000 police officers. Twice as many as Bill Clinton!
Make Medicare available to everyone.
Improve the environment.
Build roads, repair bridges, build and upgrade railroads and light rail.
Forget about the wall.
Leave the military just as it is.
Not enough to do something stupid. Instead, they must find the stupidest possible thing and implement it in the stupidest possible way. Because its always about the pursuit of perfection with Trump.
- insane
If you’re using stupid the next logical adjective is insane.
The problem Agent Orange has is Congressional Republicans believe, really believe, that lowering taxes on the rich will allow them to piss (er trickle down) on all of us, but he knows that Republican orthodoxy is full of shit and the only way to move the economy with tax policy is to put more jingle directly in the pockets of his working class base. The problem with that approach is his base doesn’t pay that much in income taxes, but they do pay social security and medicare taxes. That is why he wants to lower the employment taxes. Of course that means social security and medicare go broke much faster. That is a bad thing for everybody except Paul Ryan and the other libertarians who want the poor to starve to death, the sooner the better.
Democrats should figure out a better tax plan and go for it. Or point out to Agent Orange that there are better ways to put more jingle in the pockets of his Walmart base. Infrastructure anyone?