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 Post subject: Re: Tax Reform
PostPosted: September 28 17, 8:12 pm 
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Seeking a Zubaz seamstress

Joined: September 4 07, 1:48 pm
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Location: St. Louis
I mean, the framework is 9 pages. Axios has it online. And about half of the 9 pages is recitation of trickle down platitudes and MAGA editorializing. Supposedly Paul Ryan,Mnuchkin,McConnell, the budget guy and a few others have been working behind the scenes on it.

They keep acting all coy about it...So, you know...same ole [expletive]. It'll be like healthcare debate-supposedly a huge change that has to be done NOW with little consiseration of known and unforeseen consequences.

Don't get me wrong-change is needed in tax code ...- but these clowns.


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 Post subject: Re: Tax Reform
PostPosted: September 29 17, 12:10 am 
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Joined: April 25 06, 6:43 pm
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Location: Austin
Freed Roger wrote:
They have 30 days of working session to pass .

What's the deadline? Is it something other than the federal fiscal year?


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 Post subject: Re: Tax Reform
PostPosted: September 29 17, 7:16 am 
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Seeking a Zubaz seamstress

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Arthur Dent wrote:
Freed Roger wrote:
They have 30 days of working session to pass .

What's the deadline? Is it something other than the federal fiscal year?

No real deadline that I know of other than their own. Some coordination with budget. Ryan has said wake up on New Years 2018.


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 Post subject: Re: Tax Reform
PostPosted: September 29 17, 3:04 pm 
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Seeking a Zubaz seamstress

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Driving around today I heard wonks say taxes are way simpler by having less brackets. Errr really? I mean, yeah its simpler for those computing the # with pencil and paper, and no tax tables


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 Post subject: Re: Tax Reform
PostPosted: September 29 17, 10:38 pm 
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is shooing asian children away from his fridge.
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Joined: May 17 06, 10:23 pm
Posts: 27872
Location: at the gettin' place
A few comments from Mark Cuban:

Quote:
Cuban, who has teased a possible 2020 presidential run, said he is "not against" lowering the corporate tax rate "if the goal is to raise wages." He added that he'd "take a page from the Grover Norquist playbook of asking for a pledge not to raise taxes," referring to the anti-tax advocate and the president of the group Americans for Tax Reform.

"I would use technology to reach out and get a pledge from the top 5,000 profitable companies to increase wages of their hourly employees and lowest paid salaried workers by at least 10% and to not use any international funds that are repatriated for dividends or share buybacks," he told Business Insider.


I have no idea how realistic that is, but it's an interesting, tangible approach to somewhat preventing this from turning into yet another wealth transfer adding to income inequality.


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 Post subject: Re: Tax Reform
PostPosted: September 30 17, 7:17 am 
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Has an anecdote about a townie he overheard.
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Joined: December 6 10, 1:09 am
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Location: Illinois
What pisses me off is I'm watching the Saturday news shows and they all have Republicans senators and reps on and they are all saying it doesn't help the rich. I just want one host to cut them off and say you are a [expletive] liar. I truly hate this country. It's just all [expletive] to help the rich.


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 Post subject: Re: Tax Reform
PostPosted: October 2 17, 3:12 pm 
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Seeking a Zubaz seamstress

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If Steve Munchkin was in a cage fight with Bernie Sanders, my money is on the Bern.


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 Post subject: Re: Tax Reform
PostPosted: October 2 17, 3:34 pm 
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has a link from 538 to share
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More color on what Freed, AD and I (Ie my taxes may rise) were referring to earlier. According to the nonpartisan think tank, Tax Policy Center, middle to upper middle class may see their taxes rise:

Quote:
Tax Policy Center report that finds that according to what we know is in the plan so far, “by 2027, taxes would rise for roughly one-quarter of taxpayers, including nearly 30 percent of those with incomes between about $50,000 and $150,000.”

Part of this is because the GOP plan would repeal the current deduction for state and local taxes. But part of it, per the TPC, is because the framework “would replace personal exemptions, which are indexed for inflation,” with other new credits that are not indexed for inflation. As a result, they write, “the number of taxpayers with a tax increase rises over time.”


Link

Rand Paul tweeted about it:



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 Post subject: Re: Tax Reform
PostPosted: October 3 17, 8:39 am 
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Joined: April 25 06, 6:43 pm
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Lol



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 Post subject: Re: Tax Reform
PostPosted: October 3 17, 8:47 am 
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Arthur Dent wrote:
Lol


So the GOP are now Keynesians? Jesus Christ.


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