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Republican Rewrite of US Taxcode
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<blockquote data-quote="BrownArmy" data-source="post: 3202986" data-attributes="member: 18225"><p>Paul Ryan is a lying liar when he calls this middle-class tax relief.</p><p></p><p>I like how the corporate tax cuts are permanent, but the cuts for the middle class 'sunset'.</p><p></p><p>Just like the Bush tax-cuts that had a sunset, no Republican ten years from now is going to actually let those cuts sunset, in which case this is a cynical 'grab-and-run'...the $1.5T added to the deficit under current rules will balloon to twice that number.</p><p></p><p>In either case, 80-90% of these tax cuts go to corporations and the 2-3%ers.</p><p></p><p>There's literally no way to call this a 'middle-class' tax cut with a straight face.</p><p></p><p>Families making less than $75K and $150K will subsidize massive tax cuts for everyone above them, for literally no good reason.</p><p></p><p>In a pointed bit of irony, this nonsense is being rammed through so quickly, but it's going to have almost the reverse effect that Trump desires (trade deficit will get larger, workers will lose jobs, etc...).</p></blockquote><p></p>
[QUOTE="BrownArmy, post: 3202986, member: 18225"] Paul Ryan is a lying liar when he calls this middle-class tax relief. I like how the corporate tax cuts are permanent, but the cuts for the middle class 'sunset'. Just like the Bush tax-cuts that had a sunset, no Republican ten years from now is going to actually let those cuts sunset, in which case this is a cynical 'grab-and-run'...the $1.5T added to the deficit under current rules will balloon to twice that number. In either case, 80-90% of these tax cuts go to corporations and the 2-3%ers. There's literally no way to call this a 'middle-class' tax cut with a straight face. Families making less than $75K and $150K will subsidize massive tax cuts for everyone above them, for literally no good reason. In a pointed bit of irony, this nonsense is being rammed through so quickly, but it's going to have almost the reverse effect that Trump desires (trade deficit will get larger, workers will lose jobs, etc...). [/QUOTE]
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