nedboy7 Posted 17 hours ago Posted 17 hours ago 27 minutes ago, TH3 said: So a bill that lowers taxes for the wealthy, cuts services for the sick and hungry…and raises taxes on you (tariffs)….and adds trillions to the deficit that increases borrowing costs for everyone….This is the best solution? How? I dunno…how about raising taxes on the rich, closing loopholes on hedge fund managers, creating a bipartisan effort to figure out why we spend 2x on healthcare compared with the rest of the modern world…with worse results…A genuine effort to improve government…and set a goal to balance the budget in 10 years. The ONLY goal of this house effort was to smoke screen the math with fake cuts and tariff revenue to extend tax rates You’re trying to teach algebra to monkeys unfortunately. 1
Big Blitz Posted 17 hours ago Posted 17 hours ago 40 minutes ago, TH3 said: So a bill that lowers taxes for the wealthy, Everyone. The tax rates hold. 40 minutes ago, TH3 said: cuts services for the sick and hungry… This is a lie. 40 minutes ago, TH3 said: and raises taxes on you (tariffs)…. I thought we needed revenue to pay for things? Tariffs don’t impact me the way tax increases do. I have control and options. 40 minutes ago, TH3 said: and adds trillions to the deficit that increases borrowing costs for everyone….This is the best solution? How? I have yet to find a proposal from any party that addresses this in a serious way - Rs do and they are told they take take take take and want to kill grandma. Another lie. 40 minutes ago, TH3 said: I dunno…how about raising taxes on the rich, This doesn’t cover anywhere close to what you fantasize it will. But it plays well with low info voters. 40 minutes ago, TH3 said: closing loopholes on hedge fund managers, Ok? 40 minutes ago, TH3 said: creating a bipartisan effort to figure out why we spend 2x on healthcare compared with the rest of the modern world…with worse results… Why didn’t Obamacare fix this? 40 minutes ago, TH3 said: A genuine effort to improve government…and set a goal to balance the budget in 10 years. Keep mocking DOGE. That’s a great way to prove you’re interested in bi partisan solutions we can all agree on. But wait……no……Ds do not want to cut ANYTHING from the budget. 40 minutes ago, TH3 said: The ONLY goal of this house effort was to smoke screen the math with fake cuts and tariff revenue to extend tax rates The border is secured. Defense bc we’ll be at war with China soon. Or maybe Russia if Trump finally has enough of Putin. But what do I know. I haven’t heard that is a serious possibility …… yet. Being able to obliterate you in war is our only leverage over the world currently. My guess is that we now have to keep it that way. I’d just want a compete reimagining of the MIC. 1
Bills!Win! Posted 16 hours ago Posted 16 hours ago (edited) Purchased My Chevy (in January) before this bill was passed. Do I get tax deductions for that? Edited 16 hours ago by Bills!Win!
Joe Ferguson forever Posted 15 hours ago Posted 15 hours ago 1 hour ago, Bills!Win! said: Purchased My Chevy (in January) before this bill was passed. Do I get tax deductions for that? not unless it's your primary residence. 1
Joe Ferguson forever Posted 15 hours ago Posted 15 hours ago 1 hour ago, Big Blitz said: This doesn’t cover anywhere close to what you fantasize it will. But it plays well with low info voters. it actually makes a good says dent. $6.9 trillion in 10 years. 6,900 billion = 6.9 trillion, right? Riedl: Tax-the-rich polices could realistically raise revenues FOUNDATION by 1.1% to 2.0% of GDP Maximum Sustainable Revenue from Taxing the Rich (2023 - 2032) Tax Proposal Billions of Dollars % of GDP Individual Income Taxes (1.0% of GDP) Raise top two income tax brackets by 10% $1,661 0.50% Aggressive tax enforcement 1,196 0.36 Pare back retirement incentive abuses 133 0.04 Cap itemized deductions at 28% rate 32 0.10 Investment Taxes (0.2% of GDP) Tax capital gains and dividends at a top rate of 39.6% at incomes over $1 million and tax unrealized capital gains at death 332 0.10 Other capital gains loophole closures and tax enforcement 332 0.10 Corporate Taxes (0.8% of GDP) Raise corporate tax rate to 28% 930 0.28 Biden international corporate tax hikes 1,163 0.35 Other Biden corporate tax hikes 332 0.10 Various additional corporate savings 233 0.07 Estate Taxes (0.1% of GDP) Raise estate taxes to 2009 levels 332 0.10 Revenue Subtotal $6,976 2.1% Additional macroeconomic losses 0.1% to 1.0% Net Revenue Increases 1.1% to 2.0% SOURCE: Manhattan Institute, The Limits of Taxing the Rich by Brian Riedl, September 2023. © 2023 Peter G. Peterson Foundati
Bills!Win! Posted 15 hours ago Posted 15 hours ago 10 minutes ago, Joe Ferguson forever said: not unless it's your primary residence. Not sure what you mean. I use my car at my primary residence
Joe Ferguson forever Posted 15 hours ago Posted 15 hours ago 5 minutes ago, Bills!Win! said: Not sure what you mean. I use my car at my primary residence It was a joke. clearly a bad one. I believe you can deduct the mortgage interest on your primary residence. I'm prey sure you can't deduct the interest on a truck loan. 1
Big Blitz Posted 15 hours ago Posted 15 hours ago 9 minutes ago, Joe Ferguson forever said: it actually makes a good says dent. $6.9 trillion in 10 years. 6,900 billion = 6.9 trillion, right? Riedl: Tax-the-rich polices could realistically raise revenues FOUNDATION by 1.1% to 2.0% of GDP Maximum Sustainable Revenue from Taxing the Rich (2023 - 2032) Tax Proposal Billions of Dollars % of GDP Individual Income Taxes (1.0% of GDP) Raise top two income tax brackets by 10% $1,661 0.50% Aggressive tax enforcement 1,196 0.36 Pare back retirement incentive abuses 133 0.04 Cap itemized deductions at 28% rate 32 0.10 Investment Taxes (0.2% of GDP) Tax capital gains and dividends at a top rate of 39.6% at incomes over $1 million and tax unrealized capital gains at death 332 0.10 Other capital gains loophole closures and tax enforcement 332 0.10 Corporate Taxes (0.8% of GDP) Raise corporate tax rate to 28% 930 0.28 Biden international corporate tax hikes 1,163 0.35 Other Biden corporate tax hikes 332 0.10 Various additional corporate savings 233 0.07 Estate Taxes (0.1% of GDP) Raise estate taxes to 2009 levels 332 0.10 Revenue Subtotal $6,976 2.1% Additional macroeconomic losses 0.1% to 1.0% Net Revenue Increases 1.1% to 2.0% SOURCE: Manhattan Institute, The Limits of Taxing the Rich by Brian Riedl, September 2023. © 2023 Peter G. Peterson Foundati Baseline budgeting is a massive problem. From your source that supports my claim: However, baseline budget deficit projections—as well as the cost of progressive spending proposals—have grown so steeply that the usual tax-the-rich options can no longer come close to filling this gap. Either middle-class taxes must also rise sharply, or Washington’s spending appetite must be pared back. https://manhattan.institute/article/the-limits-of-taxing-the-rich 1
Joe Ferguson forever Posted 15 hours ago Posted 15 hours ago 12 minutes ago, Bills!Win! said: Not sure what you mean. I use my car at my primary residence looked it up. you can deduct car depreciation if you use it to work. lots of criteria to fulfill tho.
K D Posted 15 hours ago Posted 15 hours ago Every 4 years... THAT WONT WORK YOU'RE AN IDIOT The Dems were in power 12 of the last 16 years and whatever they did didn't work either you morons. Time to try something new.
Joe Ferguson forever Posted 15 hours ago Posted 15 hours ago 3 minutes ago, K D said: Every 4 years... THAT WONT WORK YOU'RE AN IDIOT The Dems were in power 12 of the last 16 years and whatever they did didn't work either you morons. Time to try something new. if new is effectively lowering tax rates while increasing overall spending, this budget is far from new.
4th&long Posted 13 hours ago Posted 13 hours ago Trump’s Week: Rob From the Poor, Give to the Rich, Steal Like Crazy https://flip.it/8GlBXw 1
Doc Brown Posted 13 hours ago Posted 13 hours ago (edited) 4 hours ago, TH3 said: So a bill that lowers taxes for the wealthy, cuts services for the sick and hungry…and raises taxes on you (tariffs)….and adds trillions to the deficit that increases borrowing costs for everyone….This is the best solution? How? I dunno…how about raising taxes on the rich, closing loopholes on hedge fund managers, creating a bipartisan effort to figure out why we spend 2x on healthcare compared with the rest of the modern world…with worse results…A genuine effort to improve government…and set a goal to balance the budget in 10 years. The ONLY goal of this house effort was to smoke screen the math with fake cuts and tariff revenue to extend tax rates Unfortunately, this bill doesn't say anything about tariffs because Congress doesn't have enough guts to take back that power they should have. If this bill passes it at least has staying power. I'd wait until the final version of the bill passes to judge it as public pressure for any kind of welfare spending cuts is probably going to be removed or significantly reduced. Edited 13 hours ago by Doc Brown 1
JaCrispy Posted 12 hours ago Posted 12 hours ago Still curious why republicans don’t pass immigration law though…if there was ever a time, it is now
B-Man Posted 12 hours ago Posted 12 hours ago 23 minutes ago, JaCrispy said: Still curious why republicans don’t pass immigration law though…if there was ever a time, it is now We are now following the law that is in place, it's working. It won't matter if we have a new law or not the extremist democrats will just ignore it. . 1
TH3 Posted 7 hours ago Posted 7 hours ago 5 hours ago, Doc Brown said: Unfortunately, this bill doesn't say anything about tariffs because Congress doesn't have enough guts to take back that power they should have. If this bill passes it at least has staying power. I'd wait until the final version of the bill passes to judge it as public pressure for any kind of welfare spending cuts is probably going to be removed or significantly reduced. Tariff revenue is part of their equation 8 hours ago, Big Blitz said: Baseline budgeting is a massive problem. From your source that supports my claim: However, baseline budget deficit projections—as well as the cost of progressive spending proposals—have grown so steeply that the usual tax-the-rich options can no longer come close to filling this gap. Either middle-class taxes must also rise sharply, or Washington’s spending appetite must be pared back. https://manhattan.institute/article/the-limits-of-taxing-the-rich Rich guy institute says taxing rich guys won’t work? Do you guys ever consider the source of your links and their motivations?
Doc Brown Posted 7 hours ago Posted 7 hours ago 20 minutes ago, TH3 said: Tariff revenue is part of their equation Lol. Of course it is. Nothing about them taking back the power of the purse with tariffs though.
Andy1 Posted 5 hours ago Posted 5 hours ago 6 hours ago, JaCrispy said: Still curious why republicans don’t pass immigration law though…if there was ever a time, it is now I absolutely agree with this point. Republicans will never agree to a Dem proposed plan to solve this problem. So they should put their cards on the table and show us their proposal to solve this forever problem. Both sides claim to support legal immigration so let’s make it a workable legal process. American businesses need legal immigrants for many jobs and more people will be paying taxes. Crack down on businesses hiring illegals, more courts to process immigrants, provide a pathway to citizenship, increase support from the Hispanic community, etc. Problem is, other than tax cuts, Republicans can’t or won’t propose anything to solve any complex issue. I hope they prove me wrong.
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