• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Trump's Economic, Tax & Spending Plans

Irons

Deep Sixed
Mother Lode
Site Supporter ++
Joined
Mar 30, 2010
Messages
25,245
Likes
37,157
What the demonrats really ought to be afraid of is the shy weak republican party actually just did something their voters like.
Deplorable republicans are cheering for them right now and not just President Trump.

That kind of good feeling is addictive. The president is praising them, their voters are bragging all over the net.
Many of them are so unused to winning this being a part of the winning will be catching.

.MAGA!
 

tigerwillow1

Silver Member
Silver Miner
Site Supporter
Joined
Mar 31, 2010
Messages
437
Likes
485
Fact: the deficit shrank under Carter, Clinton & Obama and grew under Regan, Bush I and Bush II.

I thought I knew how to read charts. I think this chart says just the opposite for all 6 of the presidents mentioned. Either way, the deficit numbers are phony. How else could the debt go up every single year since 1966 if the deficit were down some of the years?

Capture.JPG
 

solarion

Gold Member
Gold Chaser
Site Supporter ++
Joined
Nov 25, 2013
Messages
5,047
Likes
7,596
Goobermint has proven time and time again that they'll spend everything they get plus more, so the less they get the better. Ditching the blatantly not Constitutional individual mandate was just an example of CONgress and the POTUS cleaning up what should have died in front of the Supremes years ago...if those old coots had a clue how to actually read the Constitution.

To hear these rags hammering the POTUS for letting people keep more of their own property, you'd think he was eating babies.

GOP tax bill also manages to needlessly screw up the healthcare system
http://www.latimes.com/business/laz...x-bill-individual-mandate-20171219-story.html

Without the Insurance Mandate, Health Care’s Future May Be in Doubt
https://www.nytimes.com/2017/12/18/us/politics/tax-cut-obamacare-individual-mandate-repeal.html

What planet are these columnists from? The health insurance situation in America is a freaking mess even with the forced transfer payments from healthy young people to old people. Burn that crap down.
I thought I knew how to read charts. I think this chart says just the opposite for all 6 of the presidents mentioned. Either way, the deficit numbers are phony. How else could the debt go up every single year since 1966 if the deficit were down some of the years?
You're not alone...not seeing how raising the deficit as a % of GDP is a good thing.
 

Irons

Deep Sixed
Mother Lode
Site Supporter ++
Joined
Mar 30, 2010
Messages
25,245
Likes
37,157
View image on Twitter


OMB Press

✔@OMBPress


Statement from OMB Director @MickMulvaneyOMB on passage of H.R. 1 – Tax Cuts and Jobs1:04 PM - Dec 20, 2017

CNBC Now

✔@CNBCnow


JUST IN: AT&T announces it will "pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees" due to tax reform passage and will also increase US capital spending by $1 billion. http://cnbc.com

2:12 PM - Dec 20, 2017

Marc Lotter

✔@marc_lotter


And yet another American company responds to the Tax Cut Plan... https://twitter.com/Boeing/status/943542799726727169 …

2:50 PM - Dec 20, 2017
The Boeing Company

✔@Boeing


#Boeing announces $300M employee-related and charitable investment as a result of #TaxReform legislation to support our heroes, our homes and our future.

1:05 PM - Dec 20, 2017

 

Irons

Deep Sixed
Mother Lode
Site Supporter ++
Joined
Mar 30, 2010
Messages
25,245
Likes
37,157

FunnyMoney

Silver Member
Silver Miner
Joined
Apr 1, 2010
Messages
3,156
Likes
1,733
I thought I knew how to read charts. I think this chart says just the opposite for all 6 of the presidents mentioned. Either way, the deficit numbers are phony. How else could the debt go up every single year since 1966 if the deficit were down some of the years?
The times when supposedly the deficit was tempted to go down were just simply number manipulations. They were close enough to be able to massage the numbers into saying what they wanted them to say.

In addition to that, there is the off budget items. Off budget items are simply secret thefts where the on budget numbers would be a whole lot worse if it weren't for those other items done in secret. So the deficit problem (which is a symptom issue) is much worse than most know.

I'm not sure why this forum has become so much a Repub/Dem or Left-Right debate site. Some times I think we have some shills framing the debate for us, but I'm not sure. I know that "framing the debate" is a well known "distraction, deception, division" tactic. I had a long thread which I started at GIM1 titled by that same name where this issue was discussed at length. Following that and some other similar threads about the left-right distraction, the GIM1 forum moved to a state of mind where pretty much nobody there could put forward ideas framed within the Repub-Dem or Left-Right paradigm without a huge amount of negative reaction and hard hitting counter posts overwhelming them.

Here, this is not the case and many posters continue to post as if every problem is the result of either liberals or gone astray Repubs. The true root cause of every problem today (every problem is actually a symptom issue today) is rarely mentioned. The ideas of the Founders are ignored today (which is where you find the root causes). They are ignored in media, they are incorrectly analyzed in alternative media and they are wisked away into the left-right, framed debate here. At GIM1 this was not the case, which is why GIM1 was made to go away.

The truth is the mortal enemy of the state.
 

searcher

Mother Lode Found
Mother Lode
Sr Site Supporter
Joined
Mar 31, 2010
Messages
150,525
Likes
40,359
'Thank you God for our courageous president': Trump gets Ben Carson to lead extraordinary prayer before cabinet meeting (even though he once mocked his religion)
  • HUD Secretary Ben Carson led a prayer during President Trump's meeting with his cabinet
  • Carson thanked God for 'the president and for cabinet members who are courageous'
  • Expressed thanks for 'unity' in Congress
  • Mentioned economic expansion and destructive debt
  • He spoke as $1.5 trillion tax cut made its way through the House
  • During the campaign Trump said he 'just don't know' about Carson's Seventh Day Adventism
  • He also called him 'lower energy' and brought up 'pathological temper' comment


Read more: http://www.dailymail.co.uk/news/article-5199533/Ben-Carson-leads-extraordinary-prayer-cabinet-meeting.html#ixzz51q4hDalo
Follow us: @MailOnline on Twitter | DailyMail on Facebook
 

DodgebyDave

Metal Messiah
Midas Member
Joined
Mar 30, 2010
Messages
6,770
Likes
5,504
I've been telling these communists now for several years......

"anytime you think that the federal government needs more money feel free to write a check"
 

Irons

Deep Sixed
Mother Lode
Site Supporter ++
Joined
Mar 30, 2010
Messages
25,245
Likes
37,157
Asa J
@asamjulian


Wonderful heartfelt words from Sen Orrin Hatch. Praises Trump, calls him a “great leader,“ exhorts others to get behind him and work to make this the “most successful presidency not only in generations, but maybe ever”

3:39 PM - Dec 20, 2017

Damn. Had something in my eye for a min..........

 

searcher

Mother Lode Found
Mother Lode
Sr Site Supporter
Joined
Mar 31, 2010
Messages
150,525
Likes
40,359
Merry Christmas America! AT&T gives EVERY worker $1,000 after Congress slashes corporate tax rate - and Boeing, Comcast and Wells Fargo hand out wage rises and bonuses too
  • AT&T will pay $1K bonuses as soon as President Trump signs tax cut bill into law and promised to invest and extra $1 billion in America next year
  • Trump said at the White House that 'many companies ... are going to be doing similar announcements'
  • Boeing also announced a plan to spend an additional $300 million on its employees and charities, also tied to the tax plan
  • A Cincinnati bank said it will bonus 13,500 employees $1,000 each and raise its minimum wage to $15 per hour because its tax rate will soon plummet
  • Wells Fargo is matching that $15 minimum wage and giving $400 million to charities
  • FedEx says if tax cuts spur GDP growth it will likely expand hiring
  • Comcast NBCUniversal said it's giving out $1,000 bonuses to more than 100,000 workers
  • Minutes before AT&T's announcement, Senate Minority Leader Chuck Schumer slammed it as a greedy corporation out to enrich its executives


Read more: http://www.dailymail.co.uk/news/article-5199857/Every-T-worker-gets-1-000-bonus-tax-bill-passes.html#ixzz51qhkuauu
Follow us: @MailOnline on Twitter | DailyMail on Facebook
 

searcher

Mother Lode Found
Mother Lode
Sr Site Supporter
Joined
Mar 31, 2010
Messages
150,525
Likes
40,359
AP FACT CHECK: Trump's 'middle-class miracle' favors wealthy 1 / 23

Associated Press
9 hrs ago



WASHINGTON — You wouldn't know it from President Donald Trump's rhetoric, but the tax overhaul coming into effect is heavily tilted to the rich. It also leaves "Obamacare" in place, despite his assertion that the tax plan repeals the health care law. Nothing about the plan provides the fuel to achieve economic growth at the levels he's predicted.

Trump's penchant for exaggeration and sometimes pure fiction has clouded the realities of the overhaul as it has shaped up over months. As for Democrats, you wouldn't know to hear them talk that middle-class people are getting a tax cut out of the deal, too.

A look at remarks made Wednesday and earlier about the tax plan Trump will shortly sign into law.

TRUMP: "It's the largest tax cut in the history of our country." — remarks Wednesday.

THE FACTS: It isn't. For months Trump has refused to recognize larger tax cuts in history, of which there have been many, or to grant that other presidents have enacted big tax cuts since Ronald Reagan in the 1980s.

An October analysis by the Committee for a Responsible Federal Budget found that it would be the eighth biggest since 1918. As a percentage of the total economy, Reagan's 1981 cut is the biggest followed by the 1945 rollback of taxes that financed World War II. Trump's plan is also smaller than cuts in 1948, 1964 and 1921, and probably in other years.

Valued at $1.5 trillion over 10 years, the plan is indeed large and expensive. But it's much smaller than originally intended. Back in the spring, it was shaping up as a $5.5 trillion package. Even then it would have only been the third largest since 1940 as a share of gross domestic product.

VICE PRESIDENT MIKE PENCE: "You're delivering on that middle-class miracle." — to Trump at a Cabinet meeting Wednesday.

THE FACTS: Modest doesn't make for a miracle. Pence's praise to the boss reflects Trump's assertion that "it's a tax bill for the middle class," as he put it earlier and many times, but average people are not the prime beneficiaries of the tax cuts. Aside from businesses, rich people get the most.

The nonpartisan Tax Policy Center estimates the biggest benefit of the new law will go to households making $308,000 to $733,000. Households making over that should get a tax cut worth 3.4 percent of their after-tax income. For the richest 0.1 percent (making over $3.4 million), the tax cut should be worth 2.7 percent of their after-tax income. For middle-income earners: 1.6 percent, the center estimates.

Moreover, only high-income people would get a meaningful tax cut after 2025, when nearly all of the plan's individual income tax provisions are due to expire.

Republicans argue that the middle class will also see benefits from the business tax cuts, in the form of more jobs and higher wages.

___

DEMOCRATIC SEN. CHARLES SCHUMER: "Their bill increases taxes on lots of middle-class people. ... According to the Tax Policy Center, the top 1 percent of earners in our country gets 83 percent of the benefits." — remarks Tuesday.

THE FACTS: The tax cuts are not nearly as lopsided as many Democrats are portraying them. Almost all of the middle class would initially pay less in taxes.

For the next eight years, the vast majority of middle-class taxpayers — those earning between $49,000 and $86,000 — will receive a tax cut, albeit a small one. In 2018, nine-tenths of the middle class will get a cut, according to the Tax Policy Center. In 2025, 87 percent will. The tax cut won't be very big: just $930 next year for the middle one-fifth of taxpayers, the center's analysis concludes. For those paid twice a month, that's about $40 a paycheck.

Schumer and other Democrats are basing their assertions on the fact that nearly all personal tax cuts expire after 2025, which would result in a slight tax increase for about two-thirds of the middle class by 2027. The top 1 percent would still get a cut that year.

Only in 2027 do the wealthiest taxpayers get 83 percent of the benefit, as Schumer says. In 2018, roughly 21 percent of the tax cut's benefits go to the richest 1 percent, a much smaller figure, though still a disproportionate share. Just 11 percent will go to the middle one-fifth.

___

REP. NANCY PELOSI, House Democratic leader: "86 million middle class families get a tax hike." — tweet Wednesday.

THE FACTS: She's ignoring all the middle class tax cuts before 2027; that year, taxes will be slightly higher for the middle class unless the cuts are extended.

___

TRUMP on his tax legislation: "Obamacare has been repealed in this bill." — remarks Wednesday.

THE FACTS: It hasn't. The tax plan ends fines for people who don't carry health insurance. That's a major change but far from the dismantling of the law.

Other marquee components of Obama's law remain, such as the Medicaid expansion serving low-income adults, protections that shield people with pre-existing medical conditions from being denied coverage or charged higher premiums, income-based subsidies for consumers buying individual health insurance policies, the requirement that insurers cover "essential" health benefits, and the mandate that larger employers provide coverage to their workers or face fines.

Also, the tax bill doesn't repeal fines for uninsured individuals until the start of 2019, meaning the "individual mandate" is still in force for next year unless the administration acts to waive the penalties.

___

TRUMP: "When the individual mandate is being repealed, that means Obamacare is being repealed because they get their money from the individual mandate." — remarks Wednesday.

THE FACTS: This is also wrong. The fines on people who don't carry health insurance only provide a small fraction of the financing for the program. Most of the money comes from higher taxes on upper-income people, cuts in Medicare payments to service providers, and other tax increases.

The Congressional Budget Office estimated that fines from uninsured people would total $3 billion this year, while the government's cost for the coverage provided under the health law would total about $117 billion.

___

TRUMP: "So we're at 3.3 percent GDP. I see no reason why we don't go to 4 percent, 5 percent and even 6 percent." Speaks of GDP "getting up to 4, 5, and even 6 percent, because I think that's possible." — Cabinet meeting last week.

THE FACTS: There are no signs the economy is capable of delivering a phenomenal and rarely achieved growth rate in the order of 6 percent, or 5 or even 4. Federal Reserve officials and most mainstream economists expect economic growth to hew closer to 2 percent. The economy last cleared the 6 percent hurdle in 1984 and only for that fleeting year, at 7.3 percent. This was a different time, when baby boomers were at prime working ages, instead of today when they're starting to retire. The Federal Reserve had boosted growth by steadily slashing a key interest rate from its 1981 peak of 20 percent, while the Fed today is slowly increasing the same rate. Also, the national debt was much lower.

Trump's tax cuts are forecast to max out at roughly $280 billion in 2019, says Congress' Joint Committee on Taxation. Yet to generate growth of 6 percent, those cuts would have to spur a massive $1.2 trillion gain to the gross domestic product. No administration analysis emerged to show how this could be possible.

___

HOUSE SPEAKER PAUL RYAN: "We are making things so simple that you can do your taxes on a form the size of a postcard." — remarks when the tax bill came out Nov. 2.

THE FACTS: Don't count on it. Few accountants would agree that simplification has been achieved. The combination of temporary provisions, partial elimination of deductions and other loopholes, and differing tax rates for business income and wages in the new law has, if anything, added further complications.

Some middle-class taxpayers may see simpler returns because the standard deduction has doubled in size, to $24,000 for a married couple. Some families will probably stop taking deductions for things like mortgage interest as a result, making their tax returns easier to file. But people who give heavily to charity, for example, will still have to run through their receipts to see if they're better off with the standard deduction or itemization.

Many business owners and upper-income taxpayers are faced with a host of new complexities: Should high-paid employees try to reclassify their salaries as business income, which will now be subject to a lower tax rate? If so, what will they do in eight years, when the lower rate on business income is set to expire? Are they losing their deduction for state and local taxes, which can be worth tens of thousands of dollars for wealthier taxpayers? Many will, but it may not matter if they paid the alternative minimum tax in previous years, which overrode those deductions.

These types of questions will keep accountants busy for months, if not longer.

___

TRUMP on the tax plan: "So there's a great spirit for it, people want to see it." — Fox Business interview in October.

THE FACTS: Polling doesn't find that spirit.

In an NBC-Wall Street Journal poll this week, 41 percent said the tax plan is a bad idea, 24 percent said it was good. That's a deterioration in support over two months.

A Quinnipiac University poll this month found that registered voters, convinced that the benefits will flow mainly to corporations and the wealthy, oppose the plan 55 percent to 26 percent.

In a Gallup poll in September, just 2 percent of respondents named taxes as the country's most important problem. Dissatisfaction with government, race relations and immigration were among the issues at the forefront.

A survey this month by CBS News found that 53 percent Americans say they pay about the right amount in taxes, while 40 percent say they pay more than their fair share. That same survey found 52 percent said corporations pay less than their fair share. The president's plan will cut the corporate tax rate to from 35 percent to 21 percent.

___

Associated Press writers Josh Boak and Ricardo Alonso-Zaldivar contributed to this report.

___

Find AP Fact Checks at https://apnews.com/tag/APFactCheck

http://www.msn.com/en-us/news/factc...avors-wealthy/ar-BBH69ya?li=BBnb7Kz&ocid=iehp
 

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
5,859
Likes
5,788
Location
Instant Gratification Land
As a percentage of the total economy, Reagan's 1981 cut is the biggest followed by the 1945 rollback of taxes that financed World War II. Trump's plan is also smaller than cuts in 1948, 1964 and 1921, and probably in other years.
So then it is the biggest tax cut since Reagan. If it wasn't, they'd have included tax cuts since Reagan's as being bigger, but they didn't.
 

andial

use default title
Midas Member
Site Supporter ++
Joined
Apr 1, 2010
Messages
10,439
Likes
10,672
Nobody is looking how this is going to benefit young people. Lower tax rate, Huge standard deduction plus not forced to buy health care that makes you unhealthy. My advice to young people? Thank Trump and tell the next old fogey that complains to get bent.
 

searcher

Mother Lode Found
Mother Lode
Sr Site Supporter
Joined
Mar 31, 2010
Messages
150,525
Likes
40,359
How the GOP tax bill affects 8 families


Bloomberg
Ben Steverman and Suzanne Woolley
12 hrs ago

Fact check: Trump's 'middle-class miracle' favors wealthy

If you’re confused by how the Republican tax bill will affect you, you’re not alone.

The final version rewrites the tax code in dozens of ways, eliminating deductions, changing rates, and creating brand-new benefits for certain taxpayers, such as business owners. The bottom line, though, is that next year a majority of Americans will get a tax cut. Four out of every five taxpayers can expect a reduction, according to the Tax Policy Center. Overall, the average taxpayer should see their after-tax income rise by 2.2 percent.

But we should note these statistics can be misleading. Many lower- and middle- income taxpayers will get a tax cut, sure, but it will be so small they might not notice it, and middle-income taxpayers earning $48,600 to $86,100 will get just a 1.6 percent bump, on average.

Now, if you’re closer to the top of the heap, earning from $307,900 to $732,800, you’ll get a 4.1 percent boost—an average drop in tax bills of $13,480. But even if your taxes do fall in 2018, there’s bad news on the horizon. GOP lawmakers set individual tax cuts to expire over time. By 2027, a majority of Americans will see a tax increase compared with current law. (Corporations need not worry—their cuts are permanent under the bill.)

How exactly would these changes affect you? It depends on where you live, what you do and how big your family is. You’re more likely to get a tax increase if you live in a high-tax state or lean heavily on deductions—such as unreimbursed employee expenses—that will be eliminated under the bill. To see how Americans fare across different incomes and circumstances, Bloomberg turned to Tim Steffen, director of advanced planning at Baird Private Wealth Management.

His eight scenarios examine only 2018 wage and pass-through income (from a business you own), and how taxes owed on those earnings would change when tax time comes around in 2019. We don’t examine any larger economic changes that might result under certain portions of the legislation—such as the potential for some low- and middle-income people to see higher health-insurance premiums, or for investors to receive better returns based on a planned corporate tax cut. Nevertheless, here are eight families that may remind you of someone you know.

The Multimillionaires in New York
These Manhattan residents have a jumbo mortgage (at an assumed 4 percent interest rate) and take a $40,000 deduction on mortgage interest; pay property taxes of $96,250 and state income tax of $135,360; and make annual charitable contributions totaling $100,000.


They will pay a bit more next year because they would lose key deductions, especially the ability to put down more than $10,000 in state and local taxes. That offsets a drop in the top marginal tax rate, from 39.6 percent to 37 percent. (The “marginal rate,” the rate paid on any extra dollar earned, is different from the “effective tax rate,” which is the overall, blended rate you pay as different tax rates are levied on your income at different thresholds.)

City taxes for these Manhattan dwellers would work out to almost 4 percent. Combine that with the top federal rate and top state rate, and you get a marginal rate approaching 50 percent.


The Second-Home Scenario in California
A married couple has a primary residence in Malibu, California, and a second home in Lake Tahoe. The property tax on the Malibu home is $15,860, and they pay $4,896 on their second home; they deduct a total of $40,000 in mortgage interest for the two homes; and they give $50,000 to charity.


This couple would lose almost $86,000 in deductions under the tax bill. Nonetheless, other changes—especially the drop in the top tax rate—means their effective tax rate creeps up by only 0.5 percentage points.


The Small Business Owners in Pittsburgh
This married couple with a small manufacturing business in Pittsburgh has $300,000 in pass-through business income. Their deductible mortgage interest adds up to $6,000; their property tax is $8,600; and they give 5 percent of their income to charity.


These taxpayers get a big benefit from the new 20 percent deduction aimed at pass-through business owners, who pay their business income taxes through their individual tax returns.


The Suburban Family in Westchester

A married couple in a New York suburb has estimated state income tax of $17,290; their annual mortgage interest deduction is $14,000; and they pay property tax of $13,750—about the same amount they donate to charity.


While the bill takes a bite out of this family’s deductions and exemptions, they would benefit from enhanced child tax credits and avoiding the alternative minimum tax, or AMT. (The bill would raise the thresholds at which the AMT applies—until 2026.)


Single in Manhattan

This New York renter pays estimated state income tax of $8,148 and gives about $6,500 to charity.


The final tax legislation is more generous to this taxpayer than the bills that originally passed the House and Senate. That’s because it permits the deduction of state and local income taxes up to $10,000. The original proposals scrapped the income tax deduction entirely and allowed only a $10,000 deduction for property taxes, which this renter doesn’t pay.


Married in Austin

This young couple rents and has income of $100,000. They give $5,000 a year to charity.


The bill eliminates the personal exemption, an automatic $4,050 deduction for each family member. But for this couple, that loss is offset by rate cuts and a near-doubling of the standard deduction, from $12,700 to $24,000 for married couples.


Median Income in Oregon

This Portland, Oregon, couple earns close to the median household income for the U.S. Their property tax bill is $1,688; their deductible mortgage interest is $3,000; and their estimated state income tax is $4,744.


Because this couple has few deductions, they benefit from the higher standard deduction, netting a 2018 tax cut of $949.


Renting in Milwaukee

This married couple rents and has an estimated 2017 state income tax bill of $2,104.


This family ends up with negative income tax rate, because they benefit from the enhanced child tax credits, which are refundable. That means that, subject to limits, low-income taxpayers are able to get larger refunds than they pay in income taxes.

http://www.msn.com/en-us/money/pers...ts-8-families/ar-BBH3qnn?li=BBnb7Kz&ocid=iehp
 

latemetal

Platinum Bling
Platinum Bling
Joined
Apr 1, 2010
Messages
4,939
Likes
2,735
All taxes are EVIL, work off the books as much as possible, and remember, when a politician says he's here to help you-run.
 

Ensoniq

Midas Member
Midas Member
Sr Site Supporter
Joined
Apr 9, 2013
Messages
6,784
Likes
11,085
Location
North Carolina
Lol at the article - the renting couple in Milwaukee making 40k might not notice that instead of paying $515 they get a check for $400

How little they think of the peasants
 

searcher

Mother Lode Found
Mother Lode
Sr Site Supporter
Joined
Mar 31, 2010
Messages
150,525
Likes
40,359
Here's Lucas..............

Tax bill passed and it's Armageddon
The Amazing Lucas


Published on Dec 21, 2017
Tax bill passed and it's Armageddon

House Minority Leader, thankfully, Nancy Pelosi holds a news conference after the passage of the Republican tax bill and loses her mind. The bill was passed along party lines, 51-48, with Vice President Mike Pence presiding over the vote.
 

searcher

Mother Lode Found
Mother Lode
Sr Site Supporter
Joined
Mar 31, 2010
Messages
150,525
Likes
40,359
From the I shit you not file...............

'I'm going to trickle my fat a** down to the jewelry store' for a new Rolex: Charles Barkley trashes $1.5 trillion tax cut because Republicans took care of 'us one percenters' but not the poor
  • Barkley is an Alabama native and former Republican who supported Doug Jones's successful senate bid over accused pedophile Roy Moore
  • The 54-year-old Hall of Famer: 'They say [the money is going to] trickle down. I'm going to trickle my fat a** down to the jewelry store and get me a new Rolex'
  • Barkley: 'Thank you Republicans. I know I can always count on you to take care of us rich people, us one percenters... Sorry poor people... y'all ain't got no chance'


Read more: http://www.dailymail.co.uk/news/article-5206377/Charles-Barkley-jokes-buying-Rolex-tax-cut.html#ixzz520ZH1rpc
Follow us: @MailOnline on Twitter | DailyMail on Facebook
 

searcher

Mother Lode Found
Mother Lode
Sr Site Supporter
Joined
Mar 31, 2010
Messages
150,525
Likes
40,359
Trucking officials praise final approval of tax legislation
Neil Abt | Dec 20, 2017

Trucking industry officials were quick to praise final approval of tax reform legislation.

The bill passed the House 224-201 on Dec. 20, hours after the Senate backed it 51-48. The House initially approved the measure prior to the Senate, but was required to vote again due to procedural errors.

Related: Trump uses truckers to elevate tax reform push

President Trump has indicated he will sign the legislation into law.

“With his signing of this bill into law, there will be more trucks on our roads, making the deliveries fueled by an expanding economy,” said Chris Spear, president and CEO of American Trucking Associations. “The ATA and its members are proud supporters of this bill and welcome the countless benefits it will bring to the United States economy.”

The legislation reduces the U.S. corporate tax rate to 21% from 35% for businesses and doubles the estate-tax exemption to $11.2 million per person.

The legislation will also allow faster write-offs for business investments, and creates new
rules for taxing international profits. Taxes will also be reduced for pass-through businesses and sole proprietorships.

On Twitter, UPS Inc. called it “a pro-growth bill that will level the playing field for American businesses.”

Ahead of final passage, Arik Spencer, executive vice president of the North Dakota Motor Carriers Association, said “lowering the tax rates will free up small businesses to reinvest more of their hard earned revenue into their own growth, such as hiring new employees or purchasing new equipment.”

He also said “increasing the threshold for the estate tax will allow these family businesses to move forward unto future generations without gratuitously penalizing families for taking a risk, achieving success and delivering value to their customers and community.”

That was a similar message shared by Barry Pottle, president and CEO of Pottle’s Transportation, in an opinion piece published in the Bangor Daily News.

Thomas Donohue, president and CEO of the U.S. Chamber of Commerce, said the bill “grows the economy and improves the lives of America’s families, workers, and job creators.”

The bill contains a clause to end the penalty for individuals who do not have health insurance starting in 2019. It also opens part of the Arctic National Wildlife Refuge to oil drilling.

http://www.fleetowner.com/governmen...m=email&elq2=2328f8915b9640729bf0640e7dce0f5a
 

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
5,859
Likes
5,788
Location
Instant Gratification Land
'I'm going to trickle my fat a** down to the jewelry store' for a new Rolex: Charles Barkley trashes $1.5 trillion tax cut because Republicans took care of 'us one percenters' but not the poor
This guy is proof that having money doesn't equal having brains.

Him buying that Rolex allows the store that sells it to him to make a sale they might otherwise have not made.
That store employees people. The more they sell, the more likely they'll stay in business to be able to keep employing people and maybe even hire more if we can get more rich people to buy even more Rolex's. Not to mention that selling Rolex's might be on commission and some salesperson is going to get a little more because of good ol' Charles. Or do I mean Trump? Yea, I think I mostly mean because of Trump.

Winning
 

Alton

Gold Member
Gold Chaser
Joined
Apr 1, 2010
Messages
2,912
Likes
4,888
Location
Michiana
Winning? Losing? All I know for certain is that Trump is continuing the theft of income. BIG FAIL! How about cutting LOTS MORE spending? How about shutting down a simple number of agencies and offices, say, like 130 or so would be a good start...maybe do it alphabetically. He could start with the CIA and end with the NSA in the first round of closures. If he got on it right away he could reduce taxes to $1 per person by 2020. Then get congress to cap taxes at $1.10 per person...make it a constitutional amendment.

Yes, I do realize that my suggestion is absurd and perhaps even asinine but certainly no more so than a government claiming it has a right to my income or yours.
 

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
5,859
Likes
5,788
Location
Instant Gratification Land
Yes, I do realize that my suggestion is absurd and perhaps even asinine
I'd say it's neither of those things.
...but the less they take is at least in the winning direction. Certainly more "winning" than a tax bill whatsherface would be in favor of.
 

BigJim#1-8

Silver Member
Silver Miner
Site Supporter
Joined
Mar 31, 2010
Messages
538
Likes
1,676
If Charles was so interested in the poor he would have taken his Rolex $$ & bought food or gifts for the exploited, forgotten, & downtrodden tax paying poor.
 

searcher

Mother Lode Found
Mother Lode
Sr Site Supporter
Joined
Mar 31, 2010
Messages
150,525
Likes
40,359
Trump signs tax cut bill and resolution to keep the government's lights on over Christmas before leaving the White House to join his family in Palm Beach
  • The House and Senate passed a $1.5 trillion tax cut this week
  • President Trump took a public victory lap at the White House on Wednesday during which he assembled 100-plus Republican members of Congress
  • He signed the tax cut bill on Friday in the Oval Office with little fanfare
  • President is off now to Palm Beach to celebrate Christmas with his family; they are already at his private club Mar-a-Lago


Read more: http://www.dailymail.co.uk/news/article-5206311/Trump-signs-tax-cuts-bill-government-open.html#ixzz520pRkoMX
Follow us: @MailOnline on Twitter | DailyMail on Facebook
 

Irons

Deep Sixed
Mother Lode
Site Supporter ++
Joined
Mar 30, 2010
Messages
25,245
Likes
37,157
POTUS Trump Signs Tax Bill Into Law Before Heading to Mar-a-Lago (VIDEO)
December 22, 2017 by Cristina Laila 31 Comments
The Senate approved Trump’s tax bill 51-48 in a midnight showdown earlier this week.
This is the biggest tax overhaul in 30 years.


President Trump signed the tax bill into law Friday before heading to Mar-a-Lago.



POTUS Trump touted all of the perks in the tax bill. Trillions of dollars will be returning to the US from overseas:




Fox News

✔@FoxNews


.@POTUS on the tax bill: “A lot of things are going to be happening in the U.S.A.”

11:37 AM - Dec 22, 2017


President Trump also blasted Democrats on Twitter saying they only want to raise your taxes!


Donald J. Trump

✔@realDonaldTrump


95% of Americans will pay less or, at worst, the same amount of taxes (mostly far less). The Dems only want to raise your taxes!

11:46 AM - Dec 22, 2017

White House Press Secretary Sarah Huckabee Sanders tweeted, “.@POTUS delivers. Tax cuts signed. Economy booming. America winning again!”

A quick recap of the positive response from corporations to Trump’s tax bill so far:


TRUMP EFFECT: AT&T quickly responded to this historical tax cut and announced Wednesday it will be issuing over 200,000 U.S. employees a special $1,000 bonus and will also increase US capital spending by $1 billion.

TRUMP EFFECT: Also, thanks to Republicans passing historic tax reform, Boeing has announced a new $300 million investment initiative.

TRUMP EFFECT: There’s more… Fifth Third Bancorp announced it will “raise its minimum hourly wage for all employees to $15, and distribute one-time bonus of $1,000 to more than 13,500 employees.”

TRUMP EFFECT: More winning! Comcast announced it will invest a whopping $50 billion into infrastructure projects over the next five years due to the Republicans’ tax plan. The media giant will also give $1000 bonuses to more than 100,000 employees.

TRUMP EFFECT: Canadian businesses may also be looking to migrate from Canada to the USA in the near future.

TRUMP EFFECT: It has now become affordable for Apple to fulfill a longtime goal and repatriate $252B in cash that currently sits overseas.

.
 

latemetal

Platinum Bling
Platinum Bling
Joined
Apr 1, 2010
Messages
4,939
Likes
2,735

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
5,859
Likes
5,788
Location
Instant Gratification Land
The Fix is in...The final version of the Tax Cuts and Jobs Act, passed Wednesday by the House and headed to President Donald Trump’s desk, will still allow illegal aliens to claim a lucrative child tax credit.
So you'd rather nothing be done if what's done can't be perfect? Letting people keep more of their money is at least a step in the right direction. Had the dems won the Presidency, their tax bill would have been to increase taxes.
 

solarion

Gold Member
Gold Chaser
Site Supporter ++
Joined
Nov 25, 2013
Messages
5,047
Likes
7,596
will still allow illegal aliens to claim a lucrative child tax credit.
Well that's shocking. ...okay it's not shocking at all.

The federal regime smashed the nuclear family to tiny bits, to the point that sane responsible people don't want to reproduce. They then imported a bunch of illegal immigrant labor to produce some new tax slaves for them. Both parties have been knifing us in the back with these policies for decades.
 

the_shootist

The war is here on our doorstep!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
19,868
Likes
20,942
Location
Somewhere out there!
The Fix is in...The final version of the Tax Cuts and Jobs Act, passed Wednesday by the House and headed to President Donald Trump’s desk, will still allow illegal aliens to claim a lucrative child tax credit.
If they're illegal aliens how did they get a SS number to file tax returns? The real solutions to the problems you describe lie elsewhere beyond your view because of the NeverTrump blinders you wear!
 

Irons

Deep Sixed
Mother Lode
Site Supporter ++
Joined
Mar 30, 2010
Messages
25,245
Likes
37,157
So you'd rather nothing be done if what's done can't be perfect? Letting people keep more of their money is at least a step in the right direction. Had the dems won the Presidency, their tax bill would have been to increase taxes.
I have given up on trying to explain continuing legislation to people who stopped learning anything decades ago.
The left has always used it to eventually get what they want. Our side is going to use it too.

.
 

Po'boy

Midas Member
Midas Member
Site Supporter
Joined
Apr 6, 2010
Messages
4,582
Likes
2,272
If they're illegal aliens how did they get a SS number to file tax returns? The real solutions to the problems you describe lie elsewhere beyond your view because of the NeverTrump blinders you wear!
It's called a tax id no need for a socialist insecurity number.
Cheap border jumping labor for corporate America funded by taxpayers.

Btw U don't vote as it is a declaration of political incompetence.

Guess that makes me a liberal.
 

the_shootist

The war is here on our doorstep!
Midas Member
Sr Site Supporter
Joined
May 31, 2015
Messages
19,868
Likes
20,942
Location
Somewhere out there!
It's called a tax id no need for a socialist insecurity number.
Cheap border jumping labor for corporate America funded by taxpayers.

Btw U don't vote as it is a declaration of political incompetence.

Guess that makes me a liberal.
My point is a tax bill that lowers taxes for most workers shouldn't be held up as an example of 'giving in to illegal immigration'. Some people just hate for the sake of hating and one or two of them post here.
 

Po'boy

Midas Member
Midas Member
Site Supporter
Joined
Apr 6, 2010
Messages
4,582
Likes
2,272
My point is a tax bill that lowers taxes for most workers shouldn't be held up as an example of 'giving in to illegal immigration'. Some people just hate for the sake of hating and one or two of them post here.
My issue is the big cheese is no Ron Paul and seems to avoid some issues like the plague.

I don't give a fun what anyone thinks about that.

When was America was great it did take labor or kiss a certain country's with taxed labor,give hand out to wetbacks.......