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Trump's Tax Plan

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By sho,
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Guy Chamberlin Defensive Coordinator

Guy Chamberlin

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Let's be honest: Barack Obama assumed the Presidency during the biggest financial crisis since the Great Depression. The first thing he did was appoint a cabinet and advisors made up of Goldman Sachs execs and Wall Street heavyweights to assure the financial sector that their Democrat president wasn't an ideological firebrand, would bail them out, and had no intention of sweeping reform. The majority of Americans thought that was the safe move at the time, but the GOP, the Right Wing pundits, and the freshly blossoming Tea Party were not about to give Obama credit for business-friendly decisions that went on to nearly triple the Dow, labelling him a socialist and making all kinds of hay out of that. 

 

Corporations have long been in the habit of financing both parties to hedge their bets. Just like they do with mutual funds. Doesn't mean that much. 

 

But if one party is going to give them tax cuts and deregulation they never dreamed of, they're inclined to go all-in. Although some of the more thoughtful and future-minded billionaires are willing to point out the gross fallacies embedded in the Tax Cut.  History will probably prove them right, but millions will already be seriously f'd by then.

 

Corporations have always engaged in this dance with the Federal Government. Both sides benefit from the assistance and pushback from the other, even if they don't want to admit it. That's what made America great. Not this orgy of the 1%, led by a vindictive narcissist. 

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HuskerNBigD Travel Squad

HuskerNBigD

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6 hours ago, dudeguyy said:

 

Isn't that kind of beside the point?

No Democrat just voted for the handouts these companies are going to get.

 

Sorry, I guess I started taking this down a route that it wasn't intended for. Full disclosure - I'm not a huge proponent of the bill, although it did remove some of the more glaring errors that I was originally concerned about - but I am also a stickler for throwing a chart like that up there and saying that the corporations were getting their payback. For example, think it is too simple minded to show those statistics as some sort of ROI. Take APPL for example. They make it look like they paid the $500k and got a nice return. That $500k over the 27 year time period was less that what Clinton received in one campaign cycle. Bernie, who is the author of this peice, received $131k alone from APPL during the '16 cycle.

 

Again, sorry I went off on a tangent - just don't think that chart is entirely fair but that is what happens when politics get in the way and seeing who that came from, I understand the positioning. 

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Danny Bateman Defensive Coordinator

Danny Bateman

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12 minutes ago, HuskerNBigD said:

 

Sorry, I guess I started taking this down a route that it wasn't intended for. Full disclosure - I'm not a huge proponent of the bill, although it did remove some of the more glaring errors that I was originally concerned about - but I am also a stickler for throwing a chart like that up there and saying that the corporations were getting their payback. For example, think it is too simple minded to show those statistics as some sort of ROI. Take APPL for example. They make it look like they paid the $500k and got a nice return. That $500k over the 27 year time period was less that what Clinton received in one campaign cycle. Bernie, who is the author of this peice, received $131k alone from APPL during the '16 cycle.

 

Again, sorry I went off on a tangent - just don't think that chart is entirely fair but that is what happens when politics get in the way and seeing who that came from, I understand the positioning. 

 

Hey, you're all good. Everybody should feel comfortable expressing their opinions here. I'm not trying to castigate anybody.

 

In all honesty, I didn't even notice the first column indicated donations to Republicans. I just thought the logic that somehow Dems were also culpable for this was a bit off since none of them voted for the bill. You're definitely right that they have their own share of folks who get a lot of money from big corporations.

 

This whole ordeal just makes me want someone like FDR who is actively combative to big business and established wealth while being unashamedly pro-worker & pro-little guy in 2020.

Edited by dudeguyy
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45timesbetterthanemptysuit Preferred Walk-On

45timesbetterthanemptysuit

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32 minutes ago, Nebfanatic said:

No it's a list of contributions to Republican campaigns. You should learn how to read charts, it's a great skill. 

You should look at their donations on open secrets! You might learn something. I stopped at Walmart. They all really really liked hillary!

 

eta they liked jeb too! They donated to jeb pacs though!

Edited by 45timesbetterthanemptysuit
Added jeb!
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Nebfanatic Heisman Winner

Nebfanatic

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11 minutes ago, 45timesbetterthanemptysuit said:

You should look at their donations on open secrets! You might learn something. I stopped at Walmart. They all really really liked hillary!

 

eta they liked jeb too! They donated to jeb pacs though!

That's fine and all, but try coming with hard data and cite your sources. Everyone on the other side of the debate seems capable of doing that :dunno

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45timesbetterthanemptysuit Preferred Walk-On

45timesbetterthanemptysuit

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2 hours ago, Nebfanatic said:

That's fine and all, but try coming with hard data and cite your sources. Everyone on the other side of the debate seems capable of doing that :dunno

I would guess everyone here knows about opensecrets. I looked up 7 pages. I suppose I could make a chart. The one shown is meaningless with regard to demonstrating any favoritism the companies listed may or may not have towards republicans. It shows 27 years of political contributions to the Republican Party. Now if it were to show the democratic contributions also, then it would show any potential historical favoritism toward one party or the other. That, of course, doesn’t reflect on President Trump, but may reflect on the republicans now, but once again, is meaningless without including the contributions made to the democrats 

Edited by 45timesbetterthanemptysuit
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Nebfanatic Heisman Winner

Nebfanatic

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13 minutes ago, 45timesbetterthanemptysuit said:

I would guess everyone here knows about opensecrets. I looked up 7 pages. I suppose I could make a chart. The one shown is meaningless with regard to demonstrating any favoritism the companies listed may or may not have towards republicans. It shows 27 years of political contributions to the Republican Party. Now if it were to show the democratic contributions also, then it would show any potential historical favoritism toward one party or the other. That, of course, doesn’t reflect on President Trump, but may reflect on the republicans now, but once again, is meaningless without including the contributions made to the democrats 

Considering no Democrat voted for the tax bill I don't see why the chart posted is completely irrelevant. If it's so important to you to argue the other side, lets see a chart of contributions to democrats. I'm sure it looks similar, but the fact of the matter is I don't see any person taking your position backing it up with sourced data. 

Edited by Nebfanatic
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HuskerNBigD Travel Squad

HuskerNBigD

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On 12/22/2017 at 10:10 PM, Nebfanatic said:

Considering no Democrat voted for the tax bill I don't see why the chart posted is completely irrelevant. If it's so important to you to argue the other side, lets see a chart of contributions to democrats. I'm sure it looks similar, but the fact of the matter is I don't see any person taking your position backing it up with sourced data. 

 

That's because the chart would take a while to compile and no republican senator has done that. The chart came from Bernie Sanders and, while I don't agree with the poster's (45timesbetterthananemptysuit) style of trolling, he does have a point. It is the same thing I was mentioning to dudeguyy. Here is an example though, just so there is "sourced data". People are so quick to dismiss the counter argument because they don't want to go to the website that 45 was mentioning.

 

https://www.opensecrets.org/orgs/totals.php?id=D000021754&cycle=2016

 

Knock your heart out with the rest of them, but you can clearly see this chart was designed to neglect/distort some of the data. Such as APPL giving 86% of their total contribution to democrats.

 

Goldman: 49% Democrat vs. 46% Republican

 

https://www.opensecrets.org/orgs/totals.php?id=D000000085&cycle=2016

 

GE: 46% Dem vs. 54% Rep

 

https://www.opensecrets.org/orgs/totals.php?id=D000000125&cycle=2016

 

Citi: 47% Dem vs. 50% Rep 

 

https://www.opensecrets.org/orgs/totals.php?id=D000000071&cycle=2016

 

Microsoft: 54% Dem vs. 44% Rep

 

https://www.opensecrets.org/orgs/totals.php?id=D000000115&cycle=2016

 

 

...You get the idea.

Edited by HuskerNBigD
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