Republican Rewrite of US Taxcode

[Catatonic]

$2,000,000,000,000 in tax breaks for corporations, for starters.

It's a bait and switch for the average Joe.

Hey, we'll double your standard deduction, but we'll pull the rug out from under you in terms of x,y, and z.

Look, any tax reform will produce winners and losers, but, so far, this looks like corporations will win bigly and the working-man will take a hit so that said corporations can get their pound of flesh.

The numbers will be discussed, and that's the thing about numbers: it's math, and no matter how Ryan and Trump want to spin this, this is a transfer of levied monies from labor to capitol.

I hate to say it, but Republicans have been trying to reverse the New Deal since the New Deal. If you aren't rich, you aren't contributing to the economy, and therefore you should die in squalor. It's like a Dickens book.

The fact that you buy the nonsense that this tax 'reform' is pointed toward the middle class, or workers, makes me think you haven't thought this through.

But hey, this isn't the final bill, so both of us are talking out our .

Go Karl Marx!

 

[vantexan]

$2,000,000,000,000 in tax breaks for corporations, for starters.

It's a bait and switch for the average Joe.

Hey, we'll double your standard deduction, but we'll pull the rug out from under you in terms of x,y, and z.

Look, any tax reform will produce winners and losers, but, so far, this looks like corporations will win bigly and the working-man will take a hit so that said corporations can get their pound of flesh.

The numbers will be discussed, and that's the thing about numbers: it's math, and no matter how Ryan and Trump want to spin this, this is a transfer of levied monies from labor to capitol.

I hate to say it, but Republicans have been trying to reverse the New Deal since the New Deal. If you aren't rich, you aren't contributing to the economy, and therefore you should die in squalor. It's like a Dickens book.

The fact that you buy the nonsense that this tax 'reform' is pointed toward the middle class, or workers, makes me think you haven't thought this through.

But hey, this isn't the final bill, so both of us are talking out our .

You're arguing what might happen, not what is actually happening. Real tax cuts for most families. And reducing the corporate rate will incentivize businesses to expand. That's job growth. Sorry, there is no utopia, just hard work. And I think most Americans agree that prosperity starts with plentiful jobs.

 

[BrownArmy]

Go Karl Marx!

You're adorable.

It's not even Karl Marx, it's just math.

Dubya gave a tax cut to corporations, and they plowed it into shareholder dividends. It's not clear to me that lowering the tax rate on corporations = money for workers.

The economy is jamming and corporations are sitting on record profits with oodles of cash - if they wanted to help their workers, there's nothing stopping them.

The Republican fiction that lowering taxes on corporations will stimulate the economy and trickle down to workers has never actually worked.

 

[BrownArmy]

You're arguing what might happen, not what is actually happening. Real tax cuts for most families. And reducing the corporate rate will incentivize businesses to expand. That's job growth. Sorry, there is no utopia, just hard work. And I think most Americans agree that prosperity starts with plentiful jobs.

This agenda has never worked before, that you think it will work now is silly.

Let's talk Reagan.

When Reagan did the tax overhaul, it was a bipartisan affair, worked out over months and months and months and months.

The current clowns want to ram this nonsense through on reconciliation because they know it's crap.

(The Reagan experiment was a failure, by the way: growth in the eighties was less than the seventies or the nineties, but it sure was a great way to balloon the deficit...)

P-90x Ryan has been having wet-dreams about instituting massive tax-cuts, and maybe he believes the crap he spouts, but math is math, and he's clearly no historian.

I'm not arguing for the status-quo, and I'm not saying that the tax code doesn't need an overhaul, but this is some real Unicorn magic masquerading as a 'middle-class tax cut'.

Rubbish.

 

[vantexan]

This agenda has never worked before, that you think it will work now is silly.

Let's talk Reagan.

When Reagan did the tax overhaul, it was a bipartisan affair, worked out over months and months and months and months.

The current clowns want to ram this nonsense through on reconciliation because they know it's crap.

(The Reagan experiment was a failure, by the way: growth in the eighties was less than the seventies or the nineties, but it sure was a great way to balloon the deficit...)

P-90x Ryan has been having wet-dreams about instituting massive tax-cuts, and maybe he believes the crap he spouts, but math is math, and he's clearly no historian.

I'm not arguing for the status-quo, and I'm not saying that the tax code doesn't need an overhaul, but this is some real Unicorn magic masquerading as a 'middle-class tax cut'.

Rubbish.

You haven't proven anything except when it comes to ramming crap through(Obamacare) the Dems know what they're talking about. I think the biggest concern is that it might actually succeed, and we can't have Republicans succeeding, can we?

 

[BrownArmy]

You haven't proven anything except when it comes to ramming crap through(Obamacare) the Dems know what they're talking about. I think the biggest concern is that it might actually succeed, and we can't have Republicans succeeding, can we?

All of this has been tried before, and it never really works.

We don't know what will be in the final tax bill, but it seems like the same Republican nonsense that simply cutting taxes will be the what unleashes the economy.

It's legit Unicorn to say that cutting the corporate tax rate from 35% (which no corporation pays, ever) to 20% means that workers will get a raise.

The winners in the proposed bill, as it stands now, are corporations, end of story.

Let's give 'trickle-down' another shot, it worked so well before...

 

[Catatonic]

You're adorable.

You're cute too!
Whatcha doin' this weekend?

 

[vantexan]

All of this has been tried before, and it never really works.

We don't know what will be in the final tax bill, but it seems like the same Republican nonsense that simply cutting taxes will be the what unleashes the economy.

It's legit Unicorn to say that cutting the corporate tax rate from 35% (which no corporation pays, ever) to 20% means that workers will get a raise.

The winners in the proposed bill, as it stands now, are corporations, end of story.

Let's give 'trickle-down' another shot, it worked so well before...

That's a bit of a twist. Corporate tax pays 9% of Federal revenue. So lowering tax isn't that big of a hit. But you believe they'll just keep the difference for themselves. Gives them more money to expand, research, innovate. If not, what then is your solution that will provide more jobs? Or should the government just print money and hand it out? If anything you should be eager to see it blow up in their faces and settle the debate. We need jobs and we should do everything possible to make that happen.

 

[BrownArmy]

You're cute too!
Whatcha doin' this weekend?

Hanging out with the infant.

He doesn't do much yet, I assume that will change.

 

[DriveInDriѵeOut]

If anything you should be eager to see it blow up in their faces and settle the debate.

Again?
Recycling the trickle down lie. Yawn.

 

[BrownArmy]

That's a bit of a twist. Corporate tax pays 9% of Federal revenue. So lowering tax isn't that big of a hit. But you believe they'll just keep the difference for themselves. Gives them more money to expand, research, innovate. If not, what then is your solution that will provide more jobs? Or should the government just print money and hand it out? If anything you should be eager to see it blow up in their faces and settle the debate. We need jobs and we should do everything possible to make that happen.

Right, corporate tax is only 9% of revenue, so if it's not that big of a hit, why promote it as the engine of some new economic renaissance?

 

[vantexan]

Right, corporate tax is only 9% of revenue, so if it's not that big of a hit, why promote it as the engine of some new economic renaissance?

9% of what is it, a 4 trillion dollar budget, is a lot of money. The government won't take a big hit reducing what they pay but it's still a lot for corporations to pay. If you don't believe they pay the 35% rate then why are you so adamant that they keep it at 35%? New plan also cuts out loopholes so that they'll pay the 20%.

 

[DriveInDriѵeOut]

New plan also cuts out loopholes so that they'll pay the 20%.

You're delusional.

 

[It will be fine]

9% of what is it, a 4 trillion dollar budget, is a lot of money. The government won't take a big hit reducing what they pay but it's still a lot for corporations to pay. If you don't believe they pay the 35% rate then why are you so adamant that they keep it at 35%? New plan also cuts out loopholes so that they'll pay the 20%.

Corporations currently sit on their historically largest cash reserves. I think it's incumbent on republicans to explain why giving them more cash will change their behavior. Lack of capitol is not the reason for limited growth.

I think the tax code changes should encourage the demand side, and yes that means giving poor people money that is taken from the rich.

 

[Non sequitur]

You have to pass the bill to see if it works.

 

[Jkloc420]

those rich people in blue states finally getting their wish, lmao

 

[It will be fine]

You have to pass the bill to see if it works.

See Kansas for the effects of trickle-down

 

[Catatonic]

Hanging out with the infant.

He doesn't do much yet, I assume that will change.

He will!
They are so much fun ... except changin' the diaper part!

 

[newfie]

In it's current form it adds 1.5 trillion to the debt over the next decade, I doubt it passes the senate like that.

yea using a static analysis. GDP has to grow. I'd like to see an explanation of where the gdp has to go to balance it out.

 

[vantexan]

Corporations currently sit on their historically largest cash reserves. I think it's incumbent on republicans to explain why giving them more cash will change their behavior. Lack of capitol is not the reason for limited growth.

I think the tax code changes should encourage the demand side, and yes that means giving poor people money that is taken from the rich.

Corporations sit on their cash reserves when there's an anti business, tax and spend administration. They aren't going to risk capital to give it away to the government.