BigRedBuster Posted April 10, 2017 Share Posted April 10, 2017 Oh....wait. What????? He's not doing what he said he would do? Link to comment
Danny Bateman Posted April 10, 2017 Share Posted April 10, 2017 Of course not! His original tax plan was a Heritage-borne atrocity that was essentially a giveaway, predominantly the rich, with no regard for offsetting the cuts. Somehow, it was reportedly actually going to raise taxes on the middle class somehow. But as long as we help out the upper tax brackets and businesses, they won't care, right? Now the choices are a possibly illegal, unpopular border-adjustment plan or a VAT that would require a new way to fund Social Security? The latter definitely needs to be addressed at some point, no doubt. But I doubt the chops of the modern day GOP to thread the needle on this one. Dems aren't going to help them at all if they either A) Try to do another giveaway to the wrong people or B) don't find a proper way to fund Social Security. Simply privatizing it would be a non-starter. If they can pull it off, more power to them. It would be their first real win. Time to put up or fail spectacularly again. Link to comment
TGHusker Posted April 10, 2017 Share Posted April 10, 2017 Yep - didn't have the obamacare replacement ready and the tax plan isn't ready - not a good start. Link to comment
BigRedBuster Posted April 25, 2017 Author Share Posted April 25, 2017 This will be interesting for the construction industry. The cost of building a house just went up 10-15%. Link to comment
Danny Bateman Posted April 25, 2017 Share Posted April 25, 2017 This will be interesting for the construction industry. The cost of building a house just went up 10-15%. Not to mention a lumber exporters. I have to imagine we're getting hit with a reciprocal tariff. It seems so odd to me that Trump is targeting Canada now. They're an ally for crying out loud. Link to comment
BigRedBuster Posted April 25, 2017 Author Share Posted April 25, 2017 Well....American lumber mills are probably very happy for this. Link to comment
commando Posted April 25, 2017 Share Posted April 25, 2017 Well....American lumber mills are probably very happy for this. trump and his family probably bought a ton of stock in them before he imposed the tariffs Link to comment
BigRedBuster Posted April 26, 2017 Author Share Posted April 26, 2017 Well, this is going to be interesting to see what the final plan looks like. Link to comment
Moiraine Posted April 26, 2017 Share Posted April 26, 2017 If it passes, the next recession just moved up its time table. I'm ok with tax reform but not tax cuts. And when Republicans say "tax reform" what they mean, however they go about it, is less taxes for the rich and for corporations. Then after our next recession is fixed they will blame the Democrats for "not fixing it good enough." Link to comment
Danny Bateman Posted April 26, 2017 Share Posted April 26, 2017 Good thing Trump and the GOP aren't prone to hyperbole... Link to comment
Danny Bateman Posted April 26, 2017 Share Posted April 26, 2017 If it passes, the next recession just moved up its time table. I'm ok with tax reform but not tax cuts. And when Republicans say "tax reform" what they mean, however they go about it, is less taxes for the rich and for corporations. Then after our next recession is fixed they will blame the Democrats for "not fixing it good enough." Isn't that the pattern? Republican takes over, deregulates, wrecks the economy, Democrat has to come in and pick up the pieces, gets blamed for poor recovery? Rinse and repeat. Hearing Mnuchin say the cuts will pay for themselves is asinine. Of course they won't. The government is going to take a huge revenue cut, plain and simple. Link to comment
commando Posted April 26, 2017 Share Posted April 26, 2017 Well....American lumber mills are probably very happy for this. and now today trump signs EO to open federal lands for corporation benefits. Link to comment
BigRedBuster Posted April 26, 2017 Author Share Posted April 26, 2017 If it passes, the next recession just moved up its time table. I'm ok with tax reform but not tax cuts. And when Republicans say "tax reform" what they mean, however they go about it, is less taxes for the rich and for corporations. Then after our next recession is fixed they will blame the Democrats for "not fixing it good enough." You're not OK with any type of tax cut at all? Link to comment
Moiraine Posted April 26, 2017 Share Posted April 26, 2017 If it passes, the next recession just moved up its time table. I'm ok with tax reform but not tax cuts. And when Republicans say "tax reform" what they mean, however they go about it, is less taxes for the rich and for corporations. Then after our next recession is fixed they will blame the Democrats for "not fixing it good enough." You're not OK with any type of tax cut at all? Correct. Whether you look at tax rate or effective tax rate, taxes have pretty steadily gone down, and I don't for a second believe lowering taxes helps the economy. Bush cut taxes and we haven't uncut them (which is part of why it's hilarious how much teeth gnashing we had with Obama). Also, the 35% corporate tax is not the effective tax rate. 2 Link to comment
zoogs Posted April 26, 2017 Share Posted April 26, 2017 I would like to keep more money, but that question is orthogonal to whether reducing my taxes (a global policy) leads to globally better outcomes. When it comes to social programs we're very good at asking "how are we going to pay for that?" A similar question should apply to tax cuts. How are we going to finance the cuts, and what are we getting out of that purchase? Link to comment
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