Posted on 12/02/2017 11:22:31 AM PST by Navy Patriot
The Dems will have a field day with removing the elderly medical disabled deductions.
Both houses are lost .
You think those "Reagan democrats" who put Trump over the top in Mich, Wisc, Penn are going to be ok with a huge 14% tax break for the wealthy while this Republican Congress has done everything in their power to thwart Trump's populist agenda (build the wall ect)? Dream on.
Isn’t that what happened in the 1980s?
Let’s see what happens over the first six months of 2018 before we start clutching our pearls, OK?
How many taxpayers actually hit the 10% AGI threshold that is needed for deducting medical expenses anyway.
Ugh. Not good for senior citizens at all.
It looks like a senior citizen slam. My parents are going to take a nasty hit on this thing, unless the write up is a lie. Almost ALL the items on the itemization list they take.
Reagan's opponent for reelection was Mondale, possibly the most boring and uncharismatic man who ever lived. Plus Reagan pushed deregulation in addition to tax cuts. Top tax rate was 70% then, compared to 35% now. Big difference.
In any event I'm old school, if you do tax cuts then you better do the equivalent in spending cuts, otherwise you're just playing games. Unfortunately that seems to be the only thing these politicians in either party are good at - playing games.
Thanks. I think more and more we Conservatives need to make it clear this is an business as usual for establishment Republicans and their cronies.
I would like to copy your post and paste it on my FB news feed. May I?
Not very many.
I suspect the majority of taxpayers who may lose in deductions in one area will be made up to them in another.
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