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Old December 24th, 2017, 08:58 AM   #11
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Originally Posted by goodpen View Post
Odd is how the Dems say this is a terrible Bill for the middle class and then bemoan that their tax rates will end in 10 years.

I see why many are so confused. Most media coverage has been all gloom and doom, with nothing concrete to back up the Dem claims that "only" the wealthy will benefit. CBS had their own "report" from accountants they had hired to determine 3 different families in 3 different states results of this tax Bill. ALL said those would get a savings...one of those was a single mother, making about $40,000 a year. Others were representative of a different make up and income levels.

CNN, this morning still has the same voices, saying the same thing....only the wealthy will be helped.
The AARP, hardly dominated by Democrats, isn't too keen on the bill.

Quote:
President Signs Tax Overhaul Plan
The $1.5 trillion bill will have a negative impact on millions of older Americans


President Trump signed into law a massive tax overhaul bill on Friday, which deeply cuts tax rates for businesses but provides only temporary tax relief for most households and will likely raise health care costs for millions of older Americans. The legislation would also increase the federal deficit by $1.5 trillion, putting at risk critical programs vital to older Americans.

The tax measure was passed this month by the Republican-led Senate 51 to 48 and the House 224 to 201, with no Democratic support.

Earlier this week, Congress voted to waive a law that would have led to cuts to Medicare and other programs vital to older Americans as a result of the tax overhaul. Under a 2010 “pay-as-you-go” law, also known as PAYGO, the jump in the deficit would trigger automatic spending cuts in several programs, including Medicare. According to the nonpartisan Congressional Budget Office (CBO), PAYGO requires total cuts of $136 billion in 2018, including $25 billion to Medicare alone.

“Such sweeping cuts would be detrimental to an already vulnerable population,” said AARP Chief Executive Officer Jo Ann Jenkins in a letter to Congress earlier this month. AARP urged Congress to waive required cuts to Medicare under PAYGO, as seniors could lose access to their doctors and local hospital services.

The tax overhaul legislation cuts the corporate tax rate from 35 percent to 21 percent. It eliminates personal exemptions and sets seven tax brackets, topping out at 37 percent. It nearly doubles standard deductions to $12,000 for individuals and $24,000 for married couples filing jointly. But the changes to individual tax rates would end after 2025, while the corporate tax break is permanent.

While many Americans would see lower taxes, most households would get little to no tax breaks by the time the individual rates expire. An analysis by Congress’ nonpartisan Joint Committee on Taxation released this week finds that the plan would lower taxes for most Americans in 2018, but noted that most of the gains would go to wealthy households. Moreover, once individual cuts expire, more than half of taxpayers would pay higher taxes by 2027.
More: https://www.aarp.org/politics-societ...HUmyVKlnGHY%3D
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Old December 24th, 2017, 09:13 PM   #12
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AARP is dominated by liberals.
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Old December 25th, 2017, 01:12 AM   #13
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Originally Posted by Neil View Post
I'm curious - why did you add in the word temporary, here? Is that in the OP, somehow? I don't see that.


You're claiming here that it goes against the majority of the people and that it favors some sort of "small minority", but you don't explain how or why, even with what you continue to say here:


You didn't really spell anything out that supports your claims, or makes some sort of point. You need to explain what's wrong with the implications, here.

Just because there are some lobbyists lobbying for something, that in itself doesn't necessarily make it wrong, or unacceptable, or undesireable, or against someone else's interests.


https://www.congress.gov/bill/115th-...se-bill/1/text
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Old December 25th, 2017, 05:21 AM   #14
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So where does the money come from?
Some people will be better off, some for a little while, some for much longer.
Some a little better, some will see millions of dollars more.
And some have to pay for all this, don't forget that part.
Who do you think pays?
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Old December 25th, 2017, 05:24 AM   #15
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Originally Posted by justoneman View Post
AARP is dominated by liberals.
Provide proof of that statement please.
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Old December 25th, 2017, 05:43 AM   #16
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Originally Posted by justoneman View Post
AARP is dominated by liberals.
Jesus - one day liberals are all young people until they 'grow up' and become conservative. The next day the liberals are all old and dominate AARP.

The fucking right wing can't keep their stipulated talking points straight.
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Old December 25th, 2017, 05:49 AM   #17
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Originally Posted by Hollywood View Post
Provide proof of that statement please.
Oh, cut Medicare or Social Security, and you'll see the proof....
Retired people aren't getting much of a tax cut, but when they get the notice that their Medicare is being cut, that's not what they thought making America Great Again was all about....
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Old December 25th, 2017, 05:55 AM   #18
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Originally Posted by Hollywood View Post
Provide proof of that statement please.
https://www.opensecrets.org/orgs/tot...&id=D000023726
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Old December 25th, 2017, 06:20 AM   #19
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Thank you.
Now, would you like to refute or dispute the information made in the AARP statement listed in post #11 or are you just saying that it must be a lie because there are many Democrats in the AARP?
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Old December 25th, 2017, 07:28 AM   #20
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I mean let's get real, a $1000 tax cut is less than $20/week.

Who is going to notice that for more than a couple of weeks.

O wow, my check is $40 more than it was two weeks ago, that's awesome, now I can go on that Round the World Cruise, and redo my kitchen, and add that den that we've been talking about forever.....and lets head to dealership, for some new wheels, $40, every two weeks, unbelievable!
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