2017 GOP Tax Cut & Jobs Act: Republican majorities to vote on extension in 119th Congress before expiration on 12/31/25

[Darth Nubian]

These are the type of clowns who need these tax cuts. One of the Koch kids.

This sweet tooth is going to inherit a couple billie at least and gets to pretend he is a CEO while designing tacky moo-moos and hawaiian shirts. Bootstraps are all you need brehs

 

[Blackfyre]

 

[Tommy Fits]

The new tax code, does that go into effect on the upcoming taxes we'll be filing?

 

[Uncle Hotep]

 

[Blackfyre]

 

[Copy Ninja]

I just used CNN's calculator to see how it would affect my paychecks - http://www.cnn.com/2017/12/13/politics/calculate-americans-taxes-senate-reform-bill/index.html

$75-$125K, joint, 2 kids - my after tax income will go up 5.2%

And for comparison purposes, i changed the income to $500K+ to see how it would affect those guys and their after tax income goes down 27%

Why are we supposed to be mad about this?



EDIT: nvm. Those rich dudes itemize and would make out like bandits

 

[The_Sheff]

I just used CNN's calculator to see how it would affect my paychecks - http://www.cnn.com/2017/12/13/politics/calculate-americans-taxes-senate-reform-bill/index.html

$75-$125K, joint, 2 kids - my after tax income will go up 5.2%

And for comparison purposes, i changed the income to $500K+ to see how it would affect those guys and their after tax income goes down 27%

Why are we supposed to be mad about this?



EDIT: nvm. Those rich dudes itemize and would make out like bandits

That calculator also doesn't take into account property tax deduction changes, changes to 529 tax shelters, etc... People in that tax bracket don't just fill out an EZ form from HR Block.

 

[Json]

So if corporations weren’t fully paying at 35%, why would they pay 21% and not just go 10%?

 

[88m3]

I can just imagine this turtle fukk walking into his country club to applause. Passing this is the figurative coming home and fukking the prom queen moment. Cancer is too good for these people.

 

[GnauzBookOfRhymes]

I believe in a mixed economy. The economy should be capitalist but with regulations, protections and safety nets. Republicans want unrestricted and unregulated capitalism...that will end up making the U.S. looking like Victorian England.

No they don't. They want socialism for themselves and "unregulated capitalism" for everyone else.

 

[88m3]

The Hill
3 hrs ·
After pointing out to Paul Ryan that many CEOs have said publicly that they plan to use their GOP tax cuts “to line the pockets of shareholders” and not reinvest in the economy, Today Show host Savannah Guthrie said: “I’ll ask you plainly, are you living in a fantasy world?”


Savannah Guthrie to Paul Ryan: ‘Are you living in a fantasy world?’
“I’ll ask you plainly, are you living in a fantasy world?” Savannah Guthrie asked the GOP speaker.
THEHILL.COM

 

[radio rahiem]

Privatize the gains.
Socialize the losses

 

[mastermind]

This is what happens when a party controls all levels of government.

Some argue corruption others will say its making government efficient.

and they are serving masters who own our media and are increasingly controlling our educational system.

 

[wickedsm]

No they don't. They want socialism for themselves and "unregulated capitalism" for everyone else.

they want tp privatize profits
and socialize losses.

the next corp bailout shouldnt happen.
fukk it.

Cheeto is working his damnedest to make sure the dollar isnt the default world currency any way.

let some bankers jump off buildings like back during the great crash.


ETA i see the homie @radio rahiem beat me to it

 

[levitate]

The unemployment rate is already relatively low. Exactly how does tax breaks for corporations spur additional hiring ("Jobs!") in an already saturated job evironment?

Genuinely curious, any economists in here?