Posted on 09/29/2017 6:42:27 PM PDT by Innovative
The Senate Budget Committee unveiled a 2018 budget blueprint on Friday that would open the door for a $1.5 trillion tax cut, even as an independent analysis concluded that the plan as offered would far exceed that price tag and overwhelmingly benefit corporations and the rich.
The budget resolution could also pave the way to opening the Arctic National Wildlife Refuge in Alaska to oil drilling, a hot-button Republican proposal that has languished for decades.
(Excerpt) Read more at nytimes.com ...
I don’t understand the “how are we going to pay for this” thing.
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That’s Demacpap talk for we want high taxes so we have more money to spend.
Even worse, they come off your wages. It’s actually a hidden tax on individuals.
The New York Times is going to play the whole class envy game. The MSN app is full of articles from the NYT, WaPo, etc. saying that it will benefit the wealthy in the headlines and not talk about the benefits to the rest of Americans. They love to play class warfare.
Shhhhhh, they want to keep that quiet.
And where is the military’s budget in all this? How deep are the cuts in maintenance, repairs, and plant upkeep?
On the flip side - reduce the corporation taxes, that they don’t pay, and the effect should be to reduce the costs (taxes) their customers pay...I’m a customer of a number of corporations/businesses.....
Corporate tax is hidden tax on poor and middle class.
Man...I have such mixed feelings about this. One hand, I think it's just wrong, wrong, wrong. The other, well...they create the jobs.
With that said, we are seeing a much different capitalism these dayz. Healthy profits don't necessarily translate into jobs here in America nor raises/bonuses/benefits.
I can tell ya from experience, the tech industry hauled in hundreds of billions, all the while cutting benefits/salary increases to the bone and shipping positions overseas or flooding the corps with indentured servants from India/China through H1-2B programs.
Top level management $$cashing$$ in on hundreds of millions in perks/bonuses/stock options. Sucking wealth upward...not downward. Profit sharing...gone. Stock options...gone, Performance awards...gone, salary increase...all but gone.
We are paying a net of 116 Billion a year for Illegal Immigrants to live here and not one politician has asked, “how are we going to pay for this?”
;-) What do you mean? We just give them “free” stuff. After all it’s govt money. Right? /s
Egg-zactly.
>I don’t understand the “how are we going to pay for this” thing.
When you switch your thinking that govt believes it owns EVERYTHING, the answer is very easy to see.
Want to quickly see the other side of the door come any ‘town hall’? Just ask “Knowing that slavery is working for the benefit of another, can you tell me the difference of forced ‘charity’ (aka welfare)?” “How much of *MY* life do you believe is owned by govt?”
My take is there are more people on the wagon than the ones who are pulling it. They don’t want to work and could care less that good paying jobs will be plentiful with the tax cut...why?..because they’re lazy dope smokers or have less than a HS education. All that a huge portion of society wants is more free stuff. Higher child care credits will be a winner for them. They don’t pay taxes now, so they don’t want anyone who does, to benefit. I don’t think it looks good, unless it’s coupled with a raise in minimum wage. We are 2 societies.
It means they don’t plan to cut anything. They never cut, only increase.
Why should government decide what a person's labor is worth?
I have to agree with you true capitalism is not practiced in the United States anymore.
They shouldn’t.
I’m theorizing on the other side of society that relies on handouts instead of working...sadly with millennials spoon fed and living at home, working the system instead of a job, their drum beats louder than ours. Just my theory on Chucky’s direction; not yours or mine.
Not everyone. The article points out that the middle class who benefit from deduction of state and local income taxes and property taxes will likely see their taxes go up. I suspect any middle class family with more than three kids will see their taxable income go up. It's a mixed bag with those at the top and the bottom getting the benefits and the middle getting hosed.
And when has that ever happened?
Don't get me wrong, I'm a "starve the beast" kinda guy....
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