CBO analysis of new tax bill, $100k+ earner gets big cuts, poorer earner will tax more after bill

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Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
The opposite. Borrow during downturns and pay back when everything is going well. Even out the ups and downs to get steady growth.

Not enough winning for the ruthless competitors at the top of the heap. That also means not enough losing for everybody else.
 
Jan 25, 2011
16,634
8,778
146
My god there was an amendment for exemptions to a DeVos funded private school that refuses to comply with discriminatory law. It got voted down fortunately.
 

sactoking

Diamond Member
Sep 24, 2007
7,547
2,759
136
Maybe I'm not a smart guy. I have trouble comprehending the nuance of the actions of my betters. There's a lot in life that gets past me. So maybe I'm not understanding what's going on but Congress is meeting:
In the dead of night...
To consider legislation...
With handwritten changes...
That nobody has read...
That is deeply unpopular...
To raise taxes on the working class...
To pair with trillions of dollars of deficit spending...
To fund permanent tax cuts for corporations...
(Which the corporations have admitted will not be trickled down to employees...)
To spur an economy...
At very low unemployment levels...
Which is going to be throttled by its central bank...
Because it is already performing well...
And this is being done by people who have complained about the process employed to extend health insurance to 30,000,000 people.
 

Younigue

Diamond Member
Feb 5, 2017
5,888
1,446
106
Maybe I'm not a smart guy. I have trouble comprehending the nuance of the actions of my betters. There's a lot in life that gets past me. So maybe I'm not understanding what's going on but Congress is meeting:
In the dead of night...
To consider legislation...
With handwritten changes...
That nobody has read...
That is deeply unpopular...
To raise taxes on the working class...
To pair with trillions of dollars of deficit spending...
To fund permanent tax cuts for corporations...
(Which the corporations have admitted will not be trickled down to employees...)
To spur an economy...
At very low unemployment levels...
Which is going to be throttled by its central bank...
Because it is already performing well...
And this is being done by people who have complained about the process employed to extend health insurance to 30,000,000 people.
Nah, you have an excellent, spot on grasp of the situation.
 

greatnoob

Senior member
Jan 6, 2014
968
395
136
This is a direct transfer of income from the poor to the rich. Good on the poor retards who voted for Trump, enjoy!
 

Younigue

Diamond Member
Feb 5, 2017
5,888
1,446
106
Well, I'm convinced the whole lot of House Republicans are soulless, heartless, inhuman, piles of excrement. WTF.
 

Puffnstuff

Lifer
Mar 9, 2005
16,037
4,800
136
It passed. I'm sure Hillary would have signed it anyway.
She'd have signed the one written on a sheet of used toilet paper. Its passing was straight down party lines proving that Republicans will do as they please even though they're supposed to be representing their constituents. I suppose that they've redefined what that means now too.
 
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sdifox

No Lifer
Sep 30, 2005
96,152
15,772
126
She'd have signed the one written on a sheet of used toilet paper. Its passing was straight down party lines proving that Republicans will do as they please even though their supposed to be representing their constituents. I suppose that they've redefined what that means now too.


They do represent their constituent, the fat cats. The rest are just necessary for the election.
 
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K1052

Elite Member
Aug 21, 2003
46,831
34,770
136
Really looking forward to voting against any Republican I find on my ballot next year.
 
Reactions: Puffnstuff

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,403
8,199
126
Really looking forward to voting against any Republican I find on my ballot next year.

Well, the Iron Stache dude running against Paul Ryan now has 11 months to build up a hell of a talking points list to run on. Hope he has some good volunteers under him that can translate the insanity of this bill into usable ammunition that people actually absorb.
 

K1052

Elite Member
Aug 21, 2003
46,831
34,770
136
Well, the Iron Stache dude running against Paul Ryan now has 11 months to build up a hell of a talking points list to run on. Hope he has some good volunteers under him that can translate the insanity of this bill into usable ammunition that people actually absorb.

I just donated to his campaign.

I do believe I've found a use for all the extra money this tax bill will save me.
 

mizzou

Diamond Member
Jan 2, 2008
9,734
54
91
You mean like how Mitt paid 14% in federal taxes? Or just little guy loopholes?

This tax plan is all about pampering the already astoundingly wealthy. They win, big time. There will be some winners & losers among the plebes, of course. Keeps 'em fighting among themselves.

The only little guy loop holes that i dont like are the households that can net $0 fed taxes yet utilize a shit ton in government provided assistance...yet feel like somehow they are taxed too much. I realize thats a pretty small population, but how hard is it to not have us all chip in, rich or poor?

Everyone in the middle gets slammed
 

K1052

Elite Member
Aug 21, 2003
46,831
34,770
136
Lol just read a piece by Larry Kudlow over at CNBC that makes me suspect he's on an enormous amount of coke again. He thinks the JCT/CBO scores are missing like a couple trillion in new revenue from their projections and that GDP growth could be 5% (or more) because of the investment waive this will generate. One of the ways he arrives at that revenue figure is by counting the stock market run up as cap gains tax in the bag.

Supply siders gonna supply side until they die.
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,403
8,199
126
Lol just read a piece by Larry Kudlow over at CNBC that makes me suspect he's on an enormous amount of coke again. He thinks the JCT/CBO scores are missing like a couple trillion in new revenue from their projections and that GDP growth could be 5% (or more) because of the investment waive this will generate. One of the ways he arrives at that revenue figure is by counting the stock market run up as cap gains tax in the bag.

Supply siders gonna supply side until they die.

So it's basically the "lotto" theory by poor people voting republican, except this is rich people lotto theory.
 

Engineer

Elite Member
Oct 9, 1999
39,234
701
126
Supply siders gonna supply side until they die.

Yeah. The Laffer curve has now turned into a one side Laugher curve. As tax rates go to zero, revenue goes to infinity in these people's minds.

When it doesn't, whip out the ole entitlement reform.
 

Puffnstuff

Lifer
Mar 9, 2005
16,037
4,800
136
Meanwhile corporations continue to outsource jobs to lower their costs while growing their revenue streams while smiling and putting lipstick on their pigs. I wonder how many platinum parachutes this will generate?
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,403
8,199
126
Am I correct in understanding that the Senate bill as proposed does not affect graduate tuition write offs while the house plan does?
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
Yeah. The Laffer curve has now turned into a one side Laugher curve. As tax rates go to zero, revenue goes to infinity in these people's minds.

When it doesn't, whip out the ole entitlement reform.

Yep. They have people like mizzou all primed & ready for it, too.
 
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