(12-20-2017 03:41 PM)mturn017 Wrote:  

(12-20-2017 03:12 PM)Kronke Wrote:  

(12-20-2017 03:06 PM)dawgitall Wrote:  

(12-20-2017 02:58 PM)200yrs2late Wrote:  

(12-20-2017 02:44 PM)dawgitall Wrote:  It is a great bill for Corporations.

Rightfully so after being subjected to one of the highest highest rates in a first-world country for so long.

There is a good argument for it. It just shouldn't be framed as a middle class tax cut bill. It is a corporate tax cut that includes some provisions for individuals.

All the individual rates are going down, there's no way to spin that. The average, middle class family of 4 making $77,000 is getting a cut of $2,000.

You're on the wrong side of this argument.

I think your math is kind of fuzzy here. $2,000 would be at the top end of the tax decrease. Rates went down but due to the loss of the personal exemption taxable income will go up in many if not most cases. The increase of the CTC is where many middle incomers will come out but when your child turns 17 that credit is gone.

I agree with dawgitall. A corporate tax cut mainly. Sure most Americans will see a tax decrease but for most it will be nominal.

But the key is that it's not permanent. In as little as 5-7 years some taxpayers will start to see their taxes increase.

(12-20-2017 03:44 PM)Redwingtom Wrote:  

(12-20-2017 03:41 PM)mturn017 Wrote:  

(12-20-2017 03:12 PM)Kronke Wrote:  

(12-20-2017 03:06 PM)dawgitall Wrote:  

(12-20-2017 02:58 PM)200yrs2late Wrote:  Rightfully so after being subjected to one of the highest highest rates in a first-world country for so long.

There is a good argument for it. It just shouldn't be framed as a middle class tax cut bill. It is a corporate tax cut that includes some provisions for individuals.

All the individual rates are going down, there's no way to spin that. The average, middle class family of 4 making $77,000 is getting a cut of $2,000.

You're on the wrong side of this argument.

I think your math is kind of fuzzy here. $2,000 would be at the top end of the tax decrease. Rates went down but due to the loss of the personal exemption taxable income will go up in many if not most cases. The increase of the CTC is where many middle incomers will come out but when your child turns 17 that credit is gone.

I agree with dawgitall. A corporate tax cut mainly. Sure most Americans will see a tax decrease but for most it will be nominal.

But the key is that it's not permanent. In as little as 5-7 years some taxpayers will start to see their taxes increase.

No they won't. In 5-7 years you'll see extender bills start to be introduced to congress. There's a reason the corporate are the permanent cuts and the individual the temporary, even if the democrats are in power they won't let those cuts sunset. That however pushes the true cost of the bill well North of the 1.5 T price tag.

(12-20-2017 03:54 PM)mturn017 Wrote:  

(12-20-2017 03:44 PM)Redwingtom Wrote:  

(12-20-2017 03:41 PM)mturn017 Wrote:  

(12-20-2017 03:12 PM)Kronke Wrote:  

(12-20-2017 03:06 PM)dawgitall Wrote:  There is a good argument for it. It just shouldn't be framed as a middle class tax cut bill. It is a corporate tax cut that includes some provisions for individuals.

All the individual rates are going down, there's no way to spin that. The average, middle class family of 4 making $77,000 is getting a cut of $2,000.

You're on the wrong side of this argument.

I think your math is kind of fuzzy here. $2,000 would be at the top end of the tax decrease. Rates went down but due to the loss of the personal exemption taxable income will go up in many if not most cases. The increase of the CTC is where many middle incomers will come out but when your child turns 17 that credit is gone.

I agree with dawgitall. A corporate tax cut mainly. Sure most Americans will see a tax decrease but for most it will be nominal.

But the key is that it's not permanent. In as little as 5-7 years some taxpayers will start to see their taxes increase.

No they won't. In 5-7 years you'll see extender bills start to be introduced to congress. There's a reason the corporate are the permanent cuts and the individual the temporary, even if the democrats are in power they won't let those cuts sunset. That however pushes the true cost of the bill well North of the 1.5 T price tag.

Kicking the can down the road again huh? Meet the new boss same as the old boss.

(12-20-2017 02:44 PM)dawgitall Wrote:  It is a great bill for Corporations.

Corporations are people too!

(12-20-2017 03:59 PM)bullet Wrote:  

(12-20-2017 02:44 PM)dawgitall Wrote:  It is a great bill for Corporations.

Corporations are people too!

Corporation lives matter

(12-20-2017 03:54 PM)mturn017 Wrote:  

(12-20-2017 03:44 PM)Redwingtom Wrote:  

(12-20-2017 03:41 PM)mturn017 Wrote:  

(12-20-2017 03:12 PM)Kronke Wrote:  

(12-20-2017 03:06 PM)dawgitall Wrote:  There is a good argument for it. It just shouldn't be framed as a middle class tax cut bill. It is a corporate tax cut that includes some provisions for individuals.

All the individual rates are going down, there's no way to spin that. The average, middle class family of 4 making $77,000 is getting a cut of $2,000.

You're on the wrong side of this argument.

I think your math is kind of fuzzy here. $2,000 would be at the top end of the tax decrease. Rates went down but due to the loss of the personal exemption taxable income will go up in many if not most cases. The increase of the CTC is where many middle incomers will come out but when your child turns 17 that credit is gone.

I agree with dawgitall. A corporate tax cut mainly. Sure most Americans will see a tax decrease but for most it will be nominal.

But the key is that it's not permanent. In as little as 5-7 years some taxpayers will start to see their taxes increase.

No they won't. In 5-7 years you'll see extender bills start to be introduced to congress. There's a reason the corporate are the permanent cuts and the individual the temporary, even if the democrats are in power they won't let those cuts sunset. That however pushes the true cost of the bill well North of the 1.5 T price tag.

There are many popular deductions that get extended in December every single year. Its a common and irresponsible gimmick by Congress.

(12-20-2017 03:59 PM)bullet Wrote:  

(12-20-2017 02:44 PM)dawgitall Wrote:  It is a great bill for Corporations.

Corporations are people too!

Mitt Romney must be teasing Trump as we speak.

(12-20-2017 03:16 PM)HeartOfDixie Wrote:  Overall, the new bill is a disappointment.

After drowning for 8 years and the threat of 4 more with Hillary, I'll take it.

JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill. cnbc.com/id/10491007…

(12-20-2017 04:07 PM)shere khan Wrote:  

(12-20-2017 03:16 PM)HeartOfDixie Wrote:  Overall, the new bill is a disappointment.

After drowning for 8 years and the threat of 4 more with Hillary, I'll take it.

JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill. cnbc.com/id/10491007…

But I thought ATT&T was a one time isolated incident due the fact they were greasing up the Justice Department?

(12-20-2017 04:07 PM)shere khan Wrote:  

(12-20-2017 03:16 PM)HeartOfDixie Wrote:  Overall, the new bill is a disappointment.

After drowning for 8 years and the threat of 4 more with Hillary, I'll take it.

JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill. cnbc.com/id/10491007…

but, but, but, but....

(12-20-2017 03:27 PM)Redwingtom Wrote:  

(12-20-2017 03:22 PM)Kronke Wrote:  

(12-20-2017 03:21 PM)Redwingtom Wrote:  No real spike in the Dow yet (down slightly so far today). Probably means nothing. Interesting though.

It's been a certainty to get done for a while now, and has already been priced in.

I suppose. Still, trumps percentage increase in the DOW his first 11 months was less than Obama's.

Lol

That’s all


El O El

(12-20-2017 04:07 PM)shere khan Wrote:  

(12-20-2017 03:16 PM)HeartOfDixie Wrote:  Overall, the new bill is a disappointment.

After drowning for 8 years and the threat of 4 more with Hillary, I'll take it.

JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill. cnbc.com/id/10491007…

Didn't you get the memo? The current leftist talking point is that this is bad.

(12-20-2017 04:21 PM)UTSAMarineVet09 Wrote:  

(12-20-2017 04:07 PM)shere khan Wrote:  

(12-20-2017 03:16 PM)HeartOfDixie Wrote:  Overall, the new bill is a disappointment.

After drowning for 8 years and the threat of 4 more with Hillary, I'll take it.

JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill. cnbc.com/id/10491007…

but, but, but, but....

I'm telling ya-- this should be the Dem's slogan for 2018

(12-20-2017 03:54 PM)mturn017 Wrote:  

(12-20-2017 03:44 PM)Redwingtom Wrote:  

(12-20-2017 03:41 PM)mturn017 Wrote:  

(12-20-2017 03:12 PM)Kronke Wrote:  

(12-20-2017 03:06 PM)dawgitall Wrote:  There is a good argument for it. It just shouldn't be framed as a middle class tax cut bill. It is a corporate tax cut that includes some provisions for individuals.

All the individual rates are going down, there's no way to spin that. The average, middle class family of 4 making $77,000 is getting a cut of $2,000.

You're on the wrong side of this argument.

I think your math is kind of fuzzy here. $2,000 would be at the top end of the tax decrease. Rates went down but due to the loss of the personal exemption taxable income will go up in many if not most cases. The increase of the CTC is where many middle incomers will come out but when your child turns 17 that credit is gone.

I agree with dawgitall. A corporate tax cut mainly. Sure most Americans will see a tax decrease but for most it will be nominal.

But the key is that it's not permanent. In as little as 5-7 years some taxpayers will start to see their taxes increase.

No they won't. In 5-7 years you'll see extender bills start to be introduced to congress. There's a reason the corporate are the permanent cuts and the individual the temporary, even if the democrats are in power they won't let those cuts sunset. That however pushes the true cost of the bill well North of the 1.5 T price tag.

You must not be listening to Paul Ryan then. He said plainly to NBC that no one knows what will happen in the future with this.

They only way extender bills will get passed on this is if it's a rousing success and/or the Republicans control congress. And if history holds, they won't hold the house and will likely lose the senate.

(12-20-2017 04:23 PM)JMUDunk Wrote:  

(12-20-2017 03:27 PM)Redwingtom Wrote:  

(12-20-2017 03:22 PM)Kronke Wrote:  

(12-20-2017 03:21 PM)Redwingtom Wrote:  No real spike in the Dow yet (down slightly so far today). Probably means nothing. Interesting though.

It's been a certainty to get done for a while now, and has already been priced in.

I suppose. Still, trumps percentage increase in the DOW his first 11 months was less than Obama's.

Lol

That’s all


El O El

I see you and Sarah Huckster Sanders have something in common. Ignorance of fact. Sorry about that.

(12-20-2017 03:22 PM)Kronke Wrote:  

(12-20-2017 03:21 PM)Redwingtom Wrote:  No real spike in the Dow yet (down slightly so far today). Probably means nothing. Interesting though.

It's been a certainty to get done for a while now, and has already been priced in.

Yeah, the tax plan was priced in not long after Trump was elected.

(12-20-2017 04:07 PM)shere khan Wrote:  

(12-20-2017 03:16 PM)HeartOfDixie Wrote:  Overall, the new bill is a disappointment.

After drowning for 8 years and the threat of 4 more with Hillary, I'll take it.

JUST IN: Fifth Third Bancorp announces plan "to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees" following passage of tax bill. cnbc.com/id/10491007…

I hope more employers do this.

CNBC Now‏Verified account @CNBCnow 6m6 minutes ago
JUST IN: Wells Fargo hikes its hourly pay rate to $15 & will aim for $400M in philanthropic donations next year due to the newly-passed GOP tax bill.

(12-20-2017 04:43 PM)SuperFlyBCat Wrote:  CNBC Now‏Verified account @CNBCnow 6m6 minutes ago
JUST IN: Wells Fargo hikes its hourly pay rate to $15 & will aim for $400M in philanthropic donations next year due to the newly-passed GOP tax bill.

This is going to be great to watch the liberal mouthpieces try to spin this. Might be the best Christmas gift I receive

Boeing CEO