We'd love to do a lot of things, but unless a few Democrats go along with it, we are bound by the rules of reconciliation. I would prefer that we cut taxes by lowering the cost of government, but neither party supports that. And from the Fake News Media, a jab at McCain for having possible terminal cancer: From the Washington Examiner: Writing Thursday on Twitter, Ashley Feinberg, a senior reporter at HuffPost who often covers politics, said, "congratulations to john mccain's wife and children on their upcoming tax-free inheritance." The Republican National Committee sent out an email blast calling attention to the tweet and asking of HuffPost, "Is it 'worth' employing this person?""Does The Huffington Post endorse their 'senior reporter' mocking John McCain for having cancer?" wrote Michael Ahrens, rapid response director for the RNC.Ahrens added, "Note that she doesn’t actually think there’s anything wrong with what she said – she just didn’t think it was “worth it” to leave the tweet up. Question for The Huffington Post: Is it “worth” employing this person?"Feinberg does not just reflect poorly on HuffPost, but rather the entire trade. Conservatives read her death wish for McCain, and think hey, all the reporters are like that. They all wish us dead. They all want our families to live in poverty when we die. People do not see Feinberg as some one-off flake. They see her as representing all journalists, just as so many journalists see David Duke as representing all Southern white men. That is how it works. A smart industry would self-regulate. Reporters would condemn her. Editors would condemn her. Presenters would condemn her. The media would divorce itself from her views. But the news trade is not run by geniuses. Two-thirds of the morning anchors in America lost their jobs in the last week because they couldn't keep their clothes on and their hands to themselves when they were around women. Now then, the American press howls at even the slightest criticism. But when has the American press ever policed its own? When has the American press condemned a journalist for mocking the brain cancer of a sitting senator, one who has been very accessible to the Washington press corps? The press is very thin skinned when it comes to criticism. Wolf Blitzer attacked Kellyanne Conway on the air saying reporters were scared because the president's rhetoric at speeches. But when will the press rein in its own rhetoric? After a Democratic fanatic shoots and nearly kills a Republican congressman? No, we have already had that but the press continues its over-the-top screeching about fascism. After a Democratic fanatic tackles and crushes a Republican senator? No, we have already had that but the press continues its campaign to de-humanize Republicans. Inactions have consequences. http://donsurber.blogspot.com/2017/12/why-reporters-should-not-tweet.html#more
Knowledge is a good thing, don't you agree? Or would you prefer a society of drooling robots who are limited in skills and basic knowledge?
It translates into bigger bonuses for Executives and bigger dividends for shareholders and nothing more.
So will John McCain's wife and children get a tax-free inheritance as a result of him voting for the tax cut? Yes, they will. So he did it to benefit them while he screwed the average person. Everyone in Washington D.C. is corrupt to the bone.
I'm a republican. I'm for tax cuts for the poor, the middle class and the rich. Why not? It's a free country and the government shouldn't be in the business on confiscating our property, rich or poor. There should be no income taxes. That's even more fair.
The fact is even many large corporations can be organized as pass trough's which have historically been associated with term "Small Business." LLC's have become very popular for even very small businesses since they offer a little more protection than a partnership or a sole proprietor business and can be set up almost as easy as a partnership or sole proprietor business. About 95% of all US businesses are structured as other than Type C corporations. This is what the leftist media normally refers to as Big Business. Actually, many "Wall Street" firms are partnerships and LLC's! A Type S corporation means a "Small Business Corporation." Type S corporations pay no income taxes. The corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns. An LLC (limited liability company) is also a pass through entity. The profits and losses of the business pass through to its owners (as few as two persons), who report them on their personal tax returns just as they would if they owned a partnership or sole proprietorship. This article is slightly out of date with its figure that mentions a proposed 15% rate, now 20% but still a good read. It may shock some to know how few businesses are actually structured as traditional "Large" Type C corporations. https://www.brookings.edu/research/9-facts-about-pass-through-businesses/
What's also expensive is the publicly funded/subsidized public transit systems that 98% of Californians never ride on but have to pay for. And the Browndoggle high speed train which not high speed. The retirement pensions are way too expensive too.
How do you propose to fund our military, National monuments paying tribute to those who sacrificed for our country, NOAA, Medicare, social security, etc??
1. No it is not. Another cynical Trump oft bellowed boast laid to rest. 2. Perhaps not to the degree some say. But it is. All talk of ending big cororate tax deductions, credits and loopholes disappeared. There is no discussion about that at all, and there hasn't been one for three weeks. And forget simplification. Of course, it would be helpful if someone actually gets a chance the study the thing (aside from the lobbyists), before this thing gets thrown over the Trump transom. The 1986 tax reform act took a year and a half of negotiations, hearing, amendments and the like. The 2017 GOP tax bill hasn't been on the floor for eighteen days, much less eighteen months.
Remember the Articles of Confederation & Perpetual Union? Been there, done that. It didn't work then and it sure as heck won't work now.
Of course. Inquiring minds want to know. I fear that too many young people already are relying on some technologies without understanding any underlying rudiments.
So give the retired people a quarter of a slice of bread a month. I'm sure they would love it. Why not cut CEO pay to $300,000 per year? This is supposed to be a superpower. We need to live like it.
Computers have revolutionized the world; it's just something we'll have to get used to since they aren't going away anytime soon.
With other revenue sources. We have taxes that cover social security and Medicare aside from income tax. Personally, I think NOAA should be paid for with user fees, Social Security should be privatized, and Medicare should be the responsibility of the states. Income taxes account for about 1/3rd of government revenues.
It worked under this present Constitution for 150 years without an income tax. Government is too big. Too powerful. Too tyrannical.
I use computers everyday for very complex tasks. I'm breaking from coding in a very high-level programming language as I write. The difference is I learned assembly basics (0's & 1's) before learning other languages. It's no different with any other aspect of education. Learn and understand the basics first. That is one reason why Asian's excel at programming. They learn math instead of playing around with a cell phone appended to their ear all day.
Folks, the bill isn't finalized and as such isn't available to read. One might glean something from the synopsis: Shown Here: Introduced in House (11/02/2017) Tax Cuts and Jobs Act This bill amends the Internal Revenue Code to reduce tax rates and modify policies, credits, and deductions for individuals and businesses. With respect to individuals, the bill: replaces the seven existing tax brackets (10%, 15%, 25%, 28%, 33%, 35%, and 39.6%) with four brackets (12%, 25%, 35%, and 39.6%), increases the standard deduction, repeals the deduction for personal exemptions, establishes a 25% maximum rate on the business income of individuals, increases the child tax credit and establishes a new family tax credit, repeals the overall limitation on certain itemized deductions, limits the mortgage interest deduction for debt incurred after November 2, 2017, to mortgages of up to $500,000 (currently $1 million), repeals the deduction for state and local income or sales taxes not paid or accrued in a trade or business, repeals the deduction for medical expenses, consolidates and repeals several education-related deductions and credits, repeals the alternative minimum tax, and repeals the estate and generation-skipping transfer taxes in six years. For businesses, the bill: reduces the corporate tax rate from a maximum of 35% to a flat 20% rate (25% for personal services corporations), allows increased expensing of the costs of certain property, limits the deductibility of net interest expenses to 30% of the business's adjusted taxable income, repeals the work opportunity tax credit, terminates the exclusion for interest on private activity bonds, modifies or repeals various energy-related deductions and credits, modifies the taxation of foreign income, and imposes an excise tax on certain payments from domestic corporations to related foreign corporations. The bill also repeals or modifies several additional credits and deductions for individuals and businesses. -------------------------------------- It's too soon to talk specifics. The bill isn't yet real.
I understand all those costs for companies. But to say productivity isn’t high enough is not true. It’s higher than ever and people aren’t rewarded for their work. If you want people to spend money to stimulate the economy, they have to have money to spend. As for “entitlements”, if we had Medicare for all, companies would save money on health insurance costs.
You privatize social security and the majority of workers will never be able to retire. Or at least not until they’re way too old.
So, if the bill isn't real, how come the House and Senate voted om their versions? The truth is that the final bill will stay fairly close to those two versions, and dissenting votes will be bought off with special perks (i.e. pork). Therefore, the final version is most likely to be worse on the deficit, but they'll massage the calculations to fit it under the reconciliation envelope. It is all a con job.
Oh good lord. 1. Obama put 10 trillion in 8 years. This puts 1 trillion in 10 years IF there is ZERO GDP growth. 2. How the **** can the poor pay more in taxes when 45% of the people in the US in the lowest income brackets PAY NOTHING in federal income taxes NOW?
