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Old September 27th, 2017, 03:03 PM   #11
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Originally Posted by RNG View Post
Is there a CBO score or other analysis on how much money will be gained or lost by doubling the basic exemption but upping the lowest rate to 12%?

How much revenue will be lost by dropping the rich's tab to 35%?.

I still haven't seen the cut-offs for the three levels. And nothing has been announced about corporate taxes TTBOMK.
The only problem with CBO scoring it is static not dynamic.

CBO said Bush Tax cuts would cause loss of revenue.. But RevenuE increased 75%
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Old September 27th, 2017, 03:04 PM   #12
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Originally Posted by imaginethat View Post
The deficits of GW's term would not have occurred without his tax cuts.

Cutting taxes without cutting expenses always leads to deficits, though the big party is pretty cool until the money runs out. It's socialism for the rich who buy up all the assets of the ordinary people who always get screwed by this type of tax cut.
Ryan will have the CBO use a scoring system that assumes ridiculous economic growth. It is all voodoo economics like the first Bush said.
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Old September 27th, 2017, 03:05 PM   #13
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The only problem with CBO scoring it is static not dynamic.

CBO said Bush Tax cuts would cause loss of revenue.. But RevenuE increased 75%
Another lie.
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Old September 27th, 2017, 03:30 PM   #14
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Here I put it in bold it for you! Go vote democrat again so they can continue to keep you on the plantation of their choice!


Aren't you the clever one?? The shell game has begun and you aren't questioning a single thing, are you??
What we've seen so far is something nine pages long. The final bill will be hundreds of pages and you are ready to BUY whatever the GOP and Dotard are selling--just like a good little cult member.

Unlike you, SOME of us have questions and concerns:

*The plan will likely add to the deficit.
*The wealthy make out very well.
*Businesses get major tax cuts and of course you and your kinfolk are assuming that means JOBS. Assuming is the operative word.
*The death tax is completely eliminated which makes me wonder how the boys in D.C. plan to make up the difference.
*Under the plan, America will have just three tax rates: 35, 25 and 12 percent, but we don't know yet which rate someone earning $50,000 or $80,000 will pay. Aren't you a bit curious?? OH that's right. You trust Trump.
*Married couples earning $24,000 or less or an individual earning $12,000 or less won't pay any taxes....but that doesn't concern you...?
*America's LARGE corporations will get a huge tax cut and considering what their high-priced attorneys can and HAVE done in the past I have to wonder if they will pay squat.
*The White House and Congress promised to close some loopholes that businesses currently enjoy, but no one is saying what those are yet. In fact, the only details we have show MORE business goodies, not less.
*Trump is promising "unleashed" economic growth and of course he never exaggerates.

But hey--those are just some of MY concerns. I'm sure you LOVE LOVE LOVE everything about this legislation. Lucky you!
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Old September 27th, 2017, 03:47 PM   #15
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A guy claimed that the CBO said this budget would reduce the deficit. Needless to say it was a Dot.Don supporter. So anther guy actually read the CBO report on it brought up the facts that:

1) It decreases the deficit the first year and then increases them sharply for the next nine years.

2) The first year decrease is based the assumption that the ACA is repealed.

But a nice try.

I didn't read it myself and don't plan to but I trust this guy. He's a corporate attorney.
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Old September 27th, 2017, 03:48 PM   #16
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A thought just came. Eric, Jr. and Ivanka must be pretty happy. When the old man croaks, they get it all if it passes.
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Old September 27th, 2017, 03:51 PM   #17
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Originally Posted by TNVolunteer73 View Post
The only problem with CBO scoring it is static not dynamic.

CBO said Bush Tax cuts would cause loss of revenue.. But RevenuE increased 75%

Didn't stop Bush from DOUBLING the national debt !!!!!
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Old September 27th, 2017, 04:00 PM   #18
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Only the Congress can approve spending. Not Bush, not the black guy and not Trump. You people should know this. Unless your Canadian. Your opinion on American politics is kind of useless actually.
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Old September 27th, 2017, 04:17 PM   #19
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Only the Congress can approve spending. Not Bush, not the black guy and not Trump. You people should know this. Unless your Canadian. Your opinion on American politics is kind of useless actually.
I know this, and sadly so does TV. But that doesn't stop him from blaming Obama for doubling the national debt or for crediting Bush for the those tax cuts. Ironically he himself has blamed the debt on Obama for KEEPING the Bush tax cuts.

LOLOLOLOLOLOLOLOLOL
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Old September 27th, 2017, 04:19 PM   #20
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Only the Congress can approve spending. Not Bush, not the black guy and not Trump. You people should know this. Unless your Canadian. Your opinion on American politics is kind of useless actually.
Slamming Canadians is verboten in this neck of the woods. Slam the Aussies!
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