THE TRUMP 2024 THREAD

KearsargeCoop

Baseball, dart board
And every scumbag employer is going to start paying $2.14 an hour and expect us to cover the rest.
"We are gonna cover that" either way. The scumbag owner raises menu prices to offset higher costs, then you pay tax on it two fold, prepared food and then the tax on wage.
This is a big win for every person living on the edge of financial survival.
 

nWo

Well-Known Member
"We are gonna cover that" either way. The scumbag owner raises menu prices to offset higher costs, then you pay tax on it two fold, prepared food and then the tax on wage.
This is a big win for every person living on the edge of financial survival.

Does taking their healthcare and food assistance away help people living on the edge of financial survival?
 

Over70irregs

Bans = Control…. Moving on
summary of the house version , subject to change in the senate

Revenue (Tax Cuts)

  • 2017 TCJA Extension: Permanently extends income and estate tax cuts ($4T cost over 10 years).
  • No Tax on Tips: Deduction for tips (under $160,000 income, 2025–2028).
  • No Tax on Overtime: Deduction for overtime pay (2025–2028).
  • Auto Loan Interest Deduction: Up to $10,000 for U.S.-made vehicles (2025–2028).
  • SALT Deduction: Cap raised to $40,000, phases out at $500,000 income (permanent).
  • Standard Deduction: Increased by $1,000–$2,000 (2025–2028).
  • Child Tax Credit: Permanent at $2,000, $2,500 for 2025–2028.
  • Social Security Relief: Higher deduction for seniors (under $75,000/$150,000 income, 2025–2028).
  • Trump Accounts: $1,000 savings accounts for newborns (2025–2028).
  • Other: Enhanced childcare credits, family leave credits, 23% Section 199A deduction (permanent), restored itemized deductions.
Impact: Adds $4.5–$5T to deficits; benefits wealthier households most.

Spending Cuts

  • Medicaid: $700–$880B cut via work requirements, eligibility checks, and ending benefits for undocumented immigrants (7.6–10M lose coverage).
  • SNAP: $300B cut with work requirements (~11M lose benefits).
  • Student Loans: $330B saved by replacing repayment plans, ending deferments.
  • Clean Energy Credits: Phased out (EV, wind/solar, home efficiency), saves tens of billions.
  • Other: Ends IRS Direct File, defunds Planned Parenthood.
Impact: Saves $1.5–$1.7T but reduces social safety net.

New Spending

  • Defense: $150B for missile defense, naval expansion, and servicemember benefits.
  • Border Security: $100B+ for wall, ICE detention, deportation, and agents.
  • FAA Modernization: Funds air traffic control upgrades (cost unspecified).

Fiscal Impact

  • Debt Ceiling: Raised by $4T to cover deficits.
  • Deficit: Adds $3.3–$5.3T over 10 years (CBO/CRFB estimates).
  • Temporary Measures: Many tax cuts expire in 2028, creating fiscal cliffs.

Notes

  • Controversies: GOP split on SALT; Democrats oppose welfare cuts; fiscal hawks warn of debt.
  • Senate Outlook: Faces revisions; needs near-unanimous GOP support.
Great post. Truth speaks. People need to prepare yesterday.
 

nWo

Well-Known Member
Really looking forward to trillions added to the national debt in exchange for higher cost healthcare and a few temporary tax credits.
 

Over70irregs

Bans = Control…. Moving on
It's wild how the massive tax breaks for the billionaires are permanent. But the small tax breaks for the working class are temporary. Wild.
If confronted with daily survival you are too distracted to challenge the status quo. Like politics is a diversion to pad pockets.
 

newfie

Well-Known Member
Read the bill. $1 trillion in healthcare and SNAP cuts. Skyrocketing national debt. How does this help you? How?
  • Medicaid: $700–$880B cut via work requirements, eligibility checks, and ending benefits for undocumented immigrants (7.6–10M lose coverage).
  • SNAP: $300B cut with work requirements (~11M lose benefits).
work requirements for those who are able bodied and able to work. thats not a cut to healthcare thats getting those who can work and illegals off the gravy train.

again despite your best efforts to misrepresent this as cuts to healthcare there are no such cuts.
 
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