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Trump's Tax Plan


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20 hours ago, Guy Chamberlin said:

This is where you have to back up the playground shtick with a bit of context and logic, or at least  supporting links to someone who knows what they're talking about.  Apparently that simple request has driven away almost all Trump supporters (talk about snowflakes!) but maybe you're made of smarter stuff. 

 

You probably need to tone down that rhetoric, lest you trigger an avalanche. :D

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Analyses keep pouring in for the new tax bill... and they keep getting worse. Particularly unfavorable one from the esteemed President's alma mater:

 

 

Also, in the event you actually buy the nonsense about us being the highest-taxed nation in the world and the wealthy being overencumbered by their tax burden, this is a very interesting study. I just started a book by notable liberal economist Paul Krugman. In the first few chapters he made a very convincing case from the early 1900s until FDR's presidency, the power and wealth in America resided in the hands of very few, and the politics reflected that. Politicians mainly did the bidding of the very wealthy. Starting with FDR's New Deal and up until the 1980s and Reagan, we saw a flourishing of the middle class and a reversal of the unchecked income inequality, tracking closely with an era of upstanding bipartisanship and compromise to benefit that vast majority of the country. The wealthy no longer had a stranglehold on the wealth or the policy of the government. Then came Reagan and movement conservatism, which Krugman contends pushed us right back into our pre-FDR ways, which of course sent income inequality skyrocketing and is culminating in the political system we've got right now, where the GOP has seized control and is about to push an albatross of a tax bill across the president's desk which almost exclusively serves to benefit the very wealthy that control their re-election funds.

 

Here's the study showing we're moving in the wrong direction (& have been since Reagan), as well as some charts to back it up. Some fantastic graphics in the piece itself:

 

 

Quote

Back in 1980, the bottom 50 percent of wage-earners in the United States earned about 21 percent of all income in the country — nearly twice as much as the share of income (11 percent) earned by the top 1 percent of Americans.

 

But today, according to a massive new study on global inequality, those numbers have nearly reversed: The bottom 50 percent take in only 13 percent of the income pie, while the top 1 percent grab over 20 percent of the country's income.

 

Since 1980, in other words, the U.S. economy has transferred eight points of national income from the bottom 50 percent to the top 1 percent.

 

income_inequality.png

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incomegainstop_6-22-16-eh-rc-eb-2_450.pn

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Quote

 

WASHINGTON (AP) — The Latest on the push in Congress to pass a sweeping tax cut bill (all times local):

4:50 p.m.

Democrats say three provisions in the Republican $1.5 trillion tax bill violate Senate rules and will likely be removed before that chamber votes on the measure.

The House approved the legislation Tuesday. But this means the House will have to vote again on the legislation once it’s been amended and approved by the Senate.

Senate passage was expected Tuesday night or early Wednesday. GOP House Majority Leader Kevin McCarthy’s office says the House would reconsider the bill Wednesday morning and send it to President Donald Trump for his signature.

Democrats said the Senate parliamentarian had found three items that violated Senate rules.

These included one provision that would let families use tax-advantaged 529 accounts for home-schooling expenses.

The problem was revealed by Vermont independent Sen. Bernie Sanders and Oregon Democrat Ron Wyden.

 

 

Edited by BigRedBuster
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3 minutes ago, 45timesbetterthanemptysuit said:

This is false. Based on a debunked meme. Unless you can back it up with a reliable source, you should retract this. 

I won't retract it.

 

Before he decided that he could fool Republicans into voting for him, he supported gun control, abortion rights and many other liberal agenda items.  But, Republicans seem to forget or don't care about any of that.

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1 hour ago, schriznoeder said:

Shhh, don't be trying to get all fancy with your facts and figures.

 

 

Wow! That is not impressive at all! That is what 3? 4% of the people in New Jersey that bothered to vote in Mr Bookers last election? 

 

Oh, New Jersey is a high tax (democrat) State. They will not be able to deduct all of there ridiculously high state taxes so of course they stand to have a high percentage of the minority of Americans that will be adversely affected by this tax cut. 

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1 minute ago, BigRedBuster said:

I won't retract it.

 

Before he decided that he could fool Republicans into voting for him, he supported gun control, abortion rights and many other liberal agenda items.  But, Republicans seem to forget or don't care about any of that.

Ahh so your standard is unsupported statements that are not fact based? Good to know where you stand on lies and propaganda! 

 

You are absolutely wrong, and spreading at least one lie. It is likely everything you just typed is wrong also

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8 minutes ago, 45timesbetterthanemptysuit said:

This is false. Based on a debunked meme. Unless you can back it up with a reliable source, you should retract this. 

 

 

On "Meet The Press" in 1999, Trump said he was "very pro-choice." "I hate the concept of abortion," he said. "I hate it. I hate everything it stands for. ... but I just believe in choice."

 

In an interview with Larry King in 1999, Trump said he was "very liberal when it comes to health care" and that he believes in "universal healthcare."

 

Either Trump or his son donated to Clinton in 2002, 2005, 2006 and 2007, he invited her to his 2005 wedding in Florida, where she sat front row, and he's donated at least $100,000 to the Clinton Foundation. He also said in an appearance on the Howard Stern show in the mid-2000s that she was a fantastic senator.

 

Trump changed his party from Republican to Independent Party in 1999, and switched again to Democrat in 2001.

 

https://www.washingtonpost.com/news/the-fix/wp/2015/07/09/ths-many-ways-in-which-donald-trump-was-once-a-liberals-liberal/?utm_term=.ace27a5e0171

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