Trump fans and tax reform

You are wrong. Read on. "And Republicans have no plans to carry out the measure's politically toxic proposals to cut Medicare, food and farm programs, housing subsidies and transportation."

Your article is outdated.

 

Hey dinkles, get a pair of glasses and try to read what I said - and while you're at it - try to read the title of the article you posted "How your tax bracket may change under Trump's new tax plan" I'm adding the definition for the word "may" in case you can't understand what it means: Definition of may - expressing possibility, expressing a wish or hope.

Also, just because you've added a few lines from the party talking points doesn't make it a fact. There is NO tax bill until legislation is approved by both houses of congress and signed into law by the President.

 

On the Trump Tax Cuts - The Blue States tend to have very high tax bills as per the attached list. The Democrats policy of non-cooperation is going to kill blue states if they lose the income and property tax deductions.

State Total Real Estate & Income Tax burden Property Tax Individual Income Tax
1 B New York 9.31% 4.55% 4.76%
2 B New Jersey 7.63% 5.31% 2.32%
3 B Connecticut 7.40% 4.16% 3.24%
4 B Oregon 7.26% 3.24% 4.02%
5 B Vermont 7.25% 4.96% 2.29%
6 B Maine 7.23% 4.65% 2.58%
7 B Rhode Island 6.95% 4.80% 2.15%
8 B Massachusetts 6.95% 3.66% 3.29%
9 B Illinois 6.80% 4.14% 2.66%
10 B Maryland 6.64% 2.76% 3.88%
11 B Minnesota 6.46% 2.87% 3.59%
12 B Wisconsin 6.39% 3.73% 2.66%
13 Montana 6.17% 3.61% 2.56%
14 B California 6.16% 2.72% 3.44%
15 Nebraska 5.97% 3.64% 2.33%

 

I get it now. You are confused about the difference between a tax plan and a tax bill. Also, you seem to be unaware that Trump has submitted his plan, although it is very sketchy in the detail department.

When he talks about taxes now, he is out of the loop. He has no idea what is going on. He certainly is not leading Congress on this project.

Fact is, no one knows what is going on. Congress is keeping everything under wraps. I sure hope they tell us what it is all about before it becomes law.

 

The Republicans are talking about shutting the Democrats out of the loop with reconciliation. 51 votes and done. It is not a question of non-cooperation. That is just another lie Trump wants you to believe.

The problem with that? Republicans will be totally responsible for the results, the good and the bad.

 

You are the one who doesn't get it. You openly state "Fact is, no one knows what is going on " and then you try to tell us what is going on.

Trump submitted a wish list knowing full well the congress wouldn't necessarily use any of it. It is the screamers on the left who are making much ado about little.

Trump promised an overhaul of the very complex tax system now in place and openly stated he wanted to get rid of all of the loopholes and cover their loss with tax cuts. That is what he submitted to Congress. Now the Republican Congress will politic their favorite loopholes while getting rid of a ton of Democrat special interest loopholes The Blue States are whining because, among other things, they will probably lose the state and real estate tax deductions which will put them under a lot of political pressure by their constituents to cut taxes - imagine a left winger cutting taxes. The Congressional Democrats decided to fight a scorched earth battle with Trump and the Republicans and this is payback.

Trump knows exactly what he's doing - so - suck it up and quit whining and name calling.

 

"It is not a question of non-cooperation." Do they have a dumb statement of the month contest on this forum -

The Democrats embraced a political scorched earth policy - they deserve the rectal pain they are about to suffer.

Try to study the subject before you put finger to key. Your posts won't look so poorly thought out.

 

Fact is, this story is evolving and it appears now that Congress will simply ignore Trump and come up with its own plan. I made the mistake of assuming Trump would play a role in tax reform. Stupid me. I should have known better.

Yeah, I agree. Silly me. I thought Congress would pay attention to him. After all, they are all members of the same party. But Trump is a very abnormal President, weird, even.

Do you consider state income taxes, property taxes, and medical expenses as "loopholes" or are they legitimate deductions for the middle class?

 

So, what was wrong with my post? You never explained that. You were too busy insulting me.

I am not a Democrat, but I am curious. What is the "political scorched earth policy" they embraced? Do the Republicans plan on punishing certain people with their tax reform plan?

I keep hearing about how this plan will benefit the American worker. That is the non-college educated voter responsible for Trump's victory. Is the middle class businessman, retiree, professionals like doctors, lawyers, teachers, scientists, and small business owners going to pay for the benefits of the American worker? Could be. For the most part, the educated voter did not vote for Trump.

 

House Republicans still plan to release a draft of their tax bill this week, a senior White House official and a top GOP Capitol Hill aide told POLITICO, hoping to deliver on Trump’s top legislative priority — one that Republicans increasingly see as a must-pass in order to avoid 2018 midterm losses.


After calls with House Republican leadership over the weekend, the roll-out strategy remained as it did before the indictment news broke, the White House official said. “I don’t think it’s helpful, but how detrimental I don’t know,” the official said of the indictment. “People are looking to do tax reform for their own reasons, they’re not doing it to help the administration.”

https://www.politico.com/story/2017/10/29/mueller-trump-russia-probe-indictments-244296

Maybe we will find out what this is all about soon.

Or maybe not.

One thing we know for sure. Trump is out of the loop. He is too busy fighting the Clinton campaign and the Clinton Foundation. Someone tell the idiot the election is over.

 

"The House Republican tax-reform proposal divided the business community, with small business, housing advocates and higher education lining up against the plan while manufacturing and chief executives came out in favor," The Wall Street Journal.

It should be made clear, there are going to be many changes in the plan before it becomes law. A few things, though, don't look good.

There are a few things that bother some. Once again, the Republicans are boasting about how all this will help the American worker. That implies the blue collar worker, miner, the hourly wage earner, as opposed to the professional (doctors, lawyers, teachers, business manager, etc.) and the small business owner.

Put a different way, the Republicans seem to be saying the winners will be the people who elected Trump. The losers will be those who did not vote for Trump. Obviously, this will make his base happy.

"It is for the families who are out there living paycheck to paycheck and just keep getting squeezed," House Speaker Paul Ryan said.

He also said the "Tax Cut and Jobs Act" will deliver real relief for people in the middle and for people who are striving to get there. Ryan is definitely not talking about the professional class, mid-level corporate manager, or small business owner. His description is code for the working class.

Ryan said the typical family of four will save $1,182 a year on their taxes. "Typical" is a synonym for average. What about the above average family, the successful family? The kind of family that itemizes deductions for several reasons, all stemming from their success.

Are the Republicans going to punish the people who have been successful?

Ryan avoids mentioning them just as he avoids mentioning successful middle class families living in the blue states with high state income taxes. That stands to reason. Republican support comes from the poorer states with small populations.

The blue states have been subsidizing the red states for decades. Looks like that won't change with the Republican tax plan.