GOP Tax Plan–2017

I listen to the lying toad Paul Ryan give his speech about the newest tax plan to get hammered through the House….his words made it seem like us poor working stiffs would be sitting pretty and that jobs would be thrown at us ad nauseum…..the problem is it is all typical GOP LIES……he had to make sure to state that there had not been a tax reform since 1986…..a typical talking point. (Yawn)

This vote in the House is the big win that Trump has been praying for…..plus it helps those like himself….filthy rich….

In a victory for President Trump, the House successfully passed its version of the Republican tax-cut plan Thursday, the Los Angeles Times reports. All Democrats and 13 Republicans voted against the bill, giving it a 227-205 win. “Passing this bill is the single biggest thing we can do to grow the economy, restore opportunity, and help these middle income families that are struggling,” House Speaker Paul Ryan says. The vote took place after Trump met with House Republicans, telling them, “I love you. Go vote.” The Washington Post explains the contents of the bill, which includes more than $1.4 trillion in tax cuts, reduces the corporate tax rate from 35% to 20%, reduces taxes for the rich, and ultimately raises taxes on middle-income earners. The bill also reduces the number of tax brackets from seven to four and gets rid of popular tax deductions, the New York Times reports.

The vote was held two weeks after the bill was introduced with little analysis or debate. Now Senate Republicans have to pass their own tax bill and work out the differences with the House bill. That will be easier said than done. Support for the Senate bill is wavering, especially after a nonpartisan committee found that it would end up increasing taxes for low-income Americans in 2021 and for everyone earning less than $75,000 a year in 2027. Not to mention it repeals part of ObamaCare. If the Senate manages to pass its bill and rectify it with the House version, it would give Trump the first major legislative achievement of his presidency. The White House has been pressuring Republicans to get tax cuts passed by Christmas.

The Congressional Republican tax plan is not a good deal for middle-class and working Americans. It fails to cover the full cost of the tax cuts for the wealthy and corporations, adding to the deficit and putting middle-class priorities such as Medicare, Medicaid, education, and infrastructure at risk. Many states would see tens of thousands of families with tax increases, while nearly three-quarters of U.S. states would see hundreds of thousands—and in a few cases well more than 1 million—families with tax increases under the plan. Here’s what you need to know:

Many Working and Middle-Class Americans Would See a Tax Increase Under the House GOP Tax Plan: A State-by-State Breakdown

The Senate Tax Bill Threatens Access to Health Care

Work Requirement Proposals Would Kick Struggling Workers When They’re Down

Repealing the Estate Tax Would Plunge Charitable Giving

Giving to the Rich

4 Ways Repealing the Estate Tax Would Expand the Racial Wealth Gap

Not in a Million Years: The House’s Proposed Windfall for Donors

House Republican Attempts to Repeal the Adoption Tax Credit Show Their Real Priorities in Tax Reform

As usual…the GOP builds lies to cover their help for the wealthy….and we simpletons buy their crap every time….and when it does not pan out for us we re-elect the same lying bastards to screw us all over again……no wonder we are about to elect a pedophile and do it with joy.

What a silly bunch we as a nation have become.

Advertisements

More On GOP Tax Bills

The GOP health care plans has been a bust…..and the GOP needs something that that they can point to and say that they have a win this session of the Congress……taxes is the basket they are putting all their apples in…..

So far no matter how they try to sale their plan it still equates to rich get breaks and poor get the shaft….

Yet another analysis shows how bad the middle class will be screwed…..again……

Critics of the Republican tax plan say it offers a crystal-clear view of which Americans matter to the Trump administration and the Party in control of Congress—and which don’t. Despite an aggressive push to portray the proposal as a tax cut for middle-class Americans, according to a New York Times analysis, millions of middle-income families would pay more in taxes immediately—and many more would see their tax bills rise over time.

“The GOP tax plan is a simple political statement about who matters more in American democracy: the heirs to hedge fund fortunes or everyone else in the country,” wrote Zach Carter in the Huffington Post on Monday. “Trump and the Republicans have chosen the dynasts.”

https://www.commondreams.org/news/2017/11/07/yet-another-analysis-shows-how-trump-gop-tax-scam-will-bury-middle-class

But now the House and the Senate each have dueling plans……

Senate Republicans revealed the details of their sweeping tax legislation Thursday, including a one-year delay in plans for a major corporate tax cut despite strident opposition from the White House and others in their own party. Their bill would leave the prized mortgage interest deduction untouched for homeowners in a concession to the powerful real estate lobby but would ignore a House compromise on the hot-button issue of state and local tax deductions. On the other side of the Capitol, the House Ways and Means Committee approved its own version of the legislation on a party-line 24-16 vote. Changing the tax code is President Trump’s top priority and a goal many Republicans believe has grown even more urgent in the wake of election losses on Tuesday that displayed an energized Democratic electorate, the AP reports.

Yet as the Senate Finance Committee unveiled its bill, a few stark differences emerged with the version approved by the House tax-writing committee, underscoring the challenges ahead in getting both chambers to agree on the complex and far-reaching legislation that would affect nearly every American. The Senate bill would fully repeal the state and local deduction claimed by many taxpayers, an idea that has drawn vigorous opposition from House Republicans in New York and New Jersey and resulted in a compromise in the House version of the bill that would allow property taxes to be deducted up to $10,000. On the other hand, the House bill would cap the mortgage interest deduction, an idea that caused intense blowback from the real estate lobby, but the Senate tax measure would leave it unchanged. Click for more on the similarities and differences between the House and Senate bills.

Please some one tell us what would a real tax reform look like…….

No matter our politics, most Americans have a beef with taxes. And it’s no wonder.

Working class Americans pay a much greater share of their income than the wealthiest Americans, who get away with exploiting tax loopholes and paying less than their fair share to support public projects and government programs.

Our system is rigged to favor the richest, so tax reform is key to un-rigging the economy. But the latest GOP tax plan is a slimy wet kiss for the wealthiest Americans.

It doesn’t even try to propose reforms — it’s literally just a giant giveaway to millionaires, billionaires, and wealthy corporations. The non-partisan Tax Policy Center estimates that 80 percent of the benefits in the new plan will go to the richest 1 percent, while nearly one in three working families would end up paying more.

https://www.commondreams.org/views/2017/11/01/what-real-tax-reform-could-look

Real tax reform is possible but the GOP feels they have to treat the rich and corporations as if they make up the bulk of the taxpayers……when we start treating all taxpayers the same then we can have real tax reform that will make the country strong again.

Closing Thought–08Nov17

Yesterday Americans went to the polls in several states….and some think that the Trump agenda was on the line in these votes…..well the Dems came out smelling good after the tally was made official…….

Voters today chose -2 new Democratic governors -2 black lieutenant governors -2 transgender officials -A Black Lives Matter lawyer as DA in Philly -A Sikh mayor in Hoboken -A socialist in Virginia -To oust GOP mayor in Atlantic City -And to expand Medicaid in Maine.

Immediately the head of the DNC went on all news channels to laud the victories…..my advice is not so fast …..it is not 2018 and this could have been a fluke…..do not count too many eggs before they are hatched.

Dems had a good show at the polls but will it last thru 2018?

That is yet to be seen…..that the Dems have the staying power to win big in 2018.

Day is done…..I must be off like a dirty shirt…..see you beautiful people tomorrow….chuq

The Trump “Tax Reform” Bill

Tax reform……(pause here for raucous laughter…..) It is NOT tax reform it is tax cuts for the rich….selling it anyway you choose it is tax cuts for the rich….working people are just a slogan that will see NOTHING substantial out of these tax cuts.  And yet they buy the manure being spread by Ryan, McConnell and the rest of the ilk in the GOP…..

Republicans finally unveiled their tax reform legislation Thursday with a draft bill that would dramatically cut taxes for corporations and the wealthy.

GOP legislators generally stuck to their already released framework for the legislation: lowering individual and corporate tax rates while eliminating most individual deductions. But they also showed a willingness to jettison major aspects of their plan in order to get a bill through Congress.

https://www.huffingtonpost.com/entry/republican-tax-bill_us_59fb289fe4b0b0c7fa387e8f

This GOP bill is repugnant because it is lying to the hard working people they are pretending to protect…….

It is once again “plug your nose week” on Capitol Hill as House Republicans have released their tax bill with sweeping odious overhauls that steal away benefits for the poor and middle-class to pay for massive tax cuts for the most wealthy and largest corporations.

It is once again plug your nose week on Capitol Hill as House Republicans have released their tax bill with sweeping odious overhauls that steal away benefits for the poor and middle-class to pay for massive tax cuts for the most wealthy and largest corporations.

Senate Minority Leader Chuck Schumer (D-NY) declared, “The bill’s like a dead fish: The more it hangs out in the sunlight, the stinkier it gets. The more people learn about this bill, the less they’re going to like it.” This was after learning of a quiet revision on Friday by Rep. Kevin Brady (R-TX) that, “reduces the value of the tax cuts for ordinary Americans by $89 billion over 10 years compared with the legislation released with fanfare Thursday.”

In a press conference House Democratic Leader Nancy Pelosi blasted Republicans following the unveiling of their tax bill, “Get real. Don’t tell the middle class this is for them. You’ve set a banquet for the wealthy and corporate America and thrown a few crumbs to the middle class. It’s really making suckers of the American people.”

(politicususa,com)

You really want to know who this tax reform will benefit?

President Trump’s inner-circle may be among the biggest beneficiaries of his proposed tax bill that would allow multinational corporations to bring massive offshore holdings back to the mainland at a one-time low-rate.

Several Trump officials — including key writers of the proposed tax reform bill being sped through Congress — have their own investments or were involved in the decision to keep company profits sheltered overseas, according to a report from the Guardian, which was part of an international coalition of journalists who obtained leaked documents called the Paradise Papers.

Among the various advisors and cabinet members in Trump’s administration identified in the reporting are:

https://thinkprogress.org/gop-tax-reform-offshore-holdings-aae3b60f62ec/

Rich people benefit and hard working Americans get the shaft as always when the GOP has an idea on “Tax Reform”…..why do we allow this bullshit to happen ?

Update–After writing this draft word has come down that the tax bill has a compromise…..

Congressional Republicans released their proposal for tax reform on Nov. 2, and it included major provisions with implications for every American taxpayer.

Changes to individual and corporate tax rates, the boosting of the standard deduction, and the elimination of many popular itemized deductions have garnered a lot of attention from policymakers. Yet by the time most people read about these provisions, there’s a risk that they’ll be out of date, because lawmakers are making further revisions to the proposal at breakneck speed in order to keep proponents onboard and boost the chance of eventual passage.

https://www.usatoday.com/story/money/taxes/2017/11/07/forget-the-original-republican-tax-plan-its-already-changed/107416020/

But wait…….ther’s more……

“In the world of conservative thought, few issues are as popular as tax reform. It’s an accepted truth, by nearly anyone on the right, that the tax code is too complicated for an average citizen to understand and too laden with loopholes to be fair. Beyond the structure of the code itself it’s a fairly standard conservative view that taxes themselves are unjust, that government should not be confiscating a large chunk of our hard-earned pay and they certainly shouldn’t then be helping themselves to additional taxes after that first take. In a perfect conservative world there would either be no taxes at all or a tax which would be simple to understand, a flat tax or the Fair Tax. But we don’t live in that perfect conservative world and so we recognize that tax policy, while still being burdensome, complicated and unfair, is used to achieve various societal objectives.” (11/07/17)

http://www.foxnews.com/opinion/2017/11/07/im-conservative-and-hate-republican-tax-plan.html

Note:  I apologize for posting the urls but since WP has eliminated the “Press This” it is the best I can do to get the info to my reader….sorry for the inconvenience……chuq

GOP Wassup?

DC is awash with chaos.  The rebellion is lead (in a way) by Flake, Corker and McCain and according to Trumpites these men are RINOs.

RINOs simply because they will not stand by and let Trump ruin this country.

If we therm I would wear the badge proudly.

But it makes perfect sense….a label from a group that thinks in labels and slogans.

The problem is most “conservatives” today would not know conservatism if it bit them in the ass.

Maybe it is time to re-think Burke and conservatism…….

Conservatives are engaged in deep introspection these days. As they reconsider their direction, they would do well to look back to the formative period of their movement. They may find something there of great value—something many conservatives think their movement embraced, but in truth rejected.

By 1952, liberal candidates had not only captured the last five Democratic presidential nominations but the past five Republican nominations as well. Most observers considered conservatism dead—a philosophy unsuited for modern times. A small number of intellectuals disagreed. They believed that—if redefined—conservatism might be resuscitated. But they passionately disagreed about how it should be redefined.

Source: Burke Not Buckley | The American Conservative

Why Do They Hate So?

For decades now the Right has had a hard on for higher education.  They take every opportunity to degrade anyone with an advanced degree as some sort of elitist.

The burning question is why do conservatives hate higher education?  I have my thoughts but I am usual a bit harsh…..but someone has to have a good idea where higher education became such a negative force in our society.

Conservatives don’t like professors. When conservative Republicans were asked to gauge their feelings about college professors, over half gave a “cold” response, while only 24% were “warm”. I experience that disdain in the comments that conservatives make to my columns, where the word “professor” itself is a taunt, a curse.

Conservatives don’t like the institutions where professors work. A recent Pew poll found that only 29% of conservative Republicans thought that colleges and universities have a positive impact on our country.

Republican politicians encourage these views. Betsy DeVos, the new Secretary of Education, was explicit in her condemnation of professors as she was being confirmed: “The faculty, from adjunct professors to deans, tell you what to do, what to say, and more ominously, what to think. They say that if you voted for Donald Trump, you’re a threat to the university community.”

Source: Why Conservatives Don’t Like Higher Ed – LA Progressive

At what point will this continue?  There are many incidents in history where the first people to be deposed by an authoritarian regime are the educated and community leaders.

Hope do these people hope to gain by demonizing the educated?

The Antifa of 1865

ANTIFA!  A term that has found a home in the MSM…..the protesters of the protesters….the group that took on the neo-Nazis in Virginia and made a nmje for themselves in the process…..the protests were put together because there was to be a removal of a statute of Robert E. Lee….and the “other side” showed up and all Hell broke lose…..as they say…..

Let history (you know damn well that there was a history lesson in there, right?) tell the tale…..

“Anybody who would trash Lee and laud Lincoln is either stupid as a post or just plain evil,” said a sage reader. This applies in spades to anyone who would laud the Radical Republicans of 1865, as one TV GOP blonde has recently, and asininely, done.

The Radical Republicans, if you can believe it, considered Abraham Lincoln a moderate (a bad thing, in their book). Lincoln successor Andrew Johnson these fanatics branded a reactionary (punishable by obstruction and impeachment).

Praised these days by the blonde-ambition faction of the Republican Party, the Radicals were stars of America’s own Reign of Terror over the South, at the end of the War Between the States.

Source: The Radical Republicans: The Antifa of 1865 – The Unz Review

Some things change others do not…..