Tax Reform

Discussion in 'Current Events' started by Meat, May 26, 2018.

  1. Meat

    Meat Active Member

    Quick poll: how many BC posters think the tax reform bill will be advantageous to middle class citizens?

    It appears most will receive approximately 800 additional dollars on their tax returns, and that annual earnings are tentatively scheduled to increase by around 370 dollars (a bit short of the $4,000 to $9,000 projected increase).

    Do the gains justify adding a trillion dollars to the deficit?
     
  2. silenze

    silenze Lunch is the best part of the day

    Deficits don't matter.
     
  3. Jones

    Jones fILE A GRIEVE! Staff Member

    I've got a little more money, which is nice, but it's not worth blowing a big hole in the deficit.
     
  4. Meat

    Meat Active Member

    Do you think politicians were being earnest when they told the public that tax reform would lead to a hiring renaissance, and companies would have to up the ante, so to speak, to attract workers?

    One notable politician said the measure would lead to an out-an-out bidding war for employees, and the country would be great again.

    I don’t follow current events much. Has any of this happened?
     
  5. Box Ox

    Box Ox Well-Known Member

    Nope. Life is short and politicians are typically just doing what they need to in order to enrich themselves and their families while they’re around. That’s why they don’t give a :censored2: how big the hole the latest tax giveaway blows in the deficit. There are probably more than a few Republicans who are now set for life based on promises made to them by corporate sponsors that were contingent upon ramming the giveaway through.

    Politicians just say that sort of stuff to keep the plebs fooled and under control until they’ve extracted what they need to from the system.
     
  6. Meat

    Meat Active Member

    How did you arrive at such a conclusion? It seems most on this site are under the belief that one side (their particular side) is vastly better than the other. How could this be?
     
  7. Box Ox

    Box Ox Well-Known Member

    There’s no way one can objectively look at the latest tax reform bill and not conclude that it was initiated by one side of the aisle. So if you personally see it as a deficit-exploding giveaway for corporations to mostly use for stock buybacks and dividend issuance, you’re going to blame one side for it.
     
  8. Meat

    Meat Active Member

    You make a relevant point, but the other side offered little-to-zero opposition. Of course they didn’t vote for the measure, but they really didn’t do anything substantive to prevent it either (they’re taking money from the same interests after all). If they really cared about true resistance they would have demanded more guarantees for the middle class during the budget negotiations prior to the final bill passing. They easily could have called for an increase to the corporate SSA contribution, and it would have been wildly popular with their base.
     
  9. Box Ox

    Box Ox Well-Known Member

    Doesn’t mean they would have received it. The Republicans control everything right now. And they don’t have to negotiate the terms of their bills unless they’re worried about losing the couple of Republican moderates they need to pass bills in the Senate.
     
  10. Meat

    Meat Active Member

    If nothing else, it would have demonstrated they have a pro middle class platform, and would have given them some momentum going into the midterms. Of course, they didn’t and they don’t - your original post regarding politicians in general is 100 percent accurate, and there is little difference between the two parties. I’m baffled why some members on this board feel so passionately about one side, while hating the other.
     
  11. Box Ox

    Box Ox Well-Known Member

    This gun-owning, 2 gender-believing, “offended is not assaulted” moderate southern Democrat agrees.
     
  12. Meat

    Meat Active Member

    It’s funny how a nuanced discussion, between reasonable individuals, doesn’t devolve into a binary battle.
     
  13. Box Ox

    Box Ox Well-Known Member

    Yeah. I’ve always figured it’s kinda pointless. Especially on the internet. Just kinda shouting past each other.

    Except when it comes to @floridays . He’s a smelly poopy head and we like to keyboard cat fight.
     
  14. floridays

    floridays Well-Known Member

    I love you ox, you're a good whatever you choose to be today. Have a good week Amigo. Smelly poopy head out.:thumbup1::thumbup:
     
  15. brownmonster

    brownmonster Man of Great Wisdom

    If increased dividends and stock buy backs coupled with plant closings are any indication, then yes.
     
  16. Old Man Jingles

    Old Man Jingles Rat out of a cage

    All of it.
     
  17. bottomups

    bottomups Bad Moon Risen'

    Us peons have to wait for the trickle down to catch up to us.
     
  18. Old Man Jingles

    Old Man Jingles Rat out of a cage

    I thought you were a driver ... drivers are the winners in the new UPS.