Tax bill

Let’s move the tax bill talk here... one of the things I found most obnoxious about it is they tacked on drilling in the arctic. We’re well on our way to ruining this planet, a pretty major fucking problem for everyone left or right

They'll be dead by the time it matters. So it won't matter to them.

I find it pretty sad arctic drilling, abortion, and health care had to be mashed in, those are all issues deserving of their own platform. Another reason I hate the rider system in Congress. Unfortunately nothing will be done about it (like congressional term limits) because the people making the rules would be the people directly impacted by the rules.

https://i.imgur.com/H8lxvGa.jpg

https://i.imgur.com/y9Hk4CY_d.jpg?maxwidth=640&shape=thumb&fidelity=medium

There is very little evidence that increase/decrease in corporate taxes has a significant impact on wages. So a 1% corporate tax increases drops wages 1% at most. What happens to my wages when we have a 10% drop in corporate taxes and then increase my taxes? My wages won't be going up enough to offset that balance.

There is very little evidence that increase/decrease in corporate taxes has a significant impact on wages. So a 1% corporate tax increases drops wages 1% at most. What happens to my wages when we have a 10% drop in corporate taxes and then increase my taxes? My wages won't be going up enough to offset that balance.

There is a lot of evidence that shows lower corporate taxes doesn't translate to increased investment or higher salaries. Hell, many corporations have been using loop holes to evade taxes the past 20 years. They're stuffing cash in off-shore accounts to avoid taxes. Meanwhile, the workers are getting fucked and not seeing anything to note. The only people that make out are the stock holders, who are generally rich elite assholes to begin with.

The only way to get salaries to rise is to forcefully raise them. Supply side economics has never worked. Ever. It never ever will. Demand drives economies, and middle class america drives the demand. Give them the cash, the economy will boom. Give it to rich assholes, the economy will eventually crash. All one needs is to look at history. How fucking stupid are people? Rhetorical question.

They'll be dead by the time it matters. So it won't matter to them.

I find it pretty sad arctic drilling, abortion, and health care had to be mashed in, those are all issues deserving of their own platform. Another reason I hate the rider system in Congress. Unfortunately nothing will be done about it (like congressional term limits) because the people making the rules would be the people directly impacted by the rules.

I agree with everything you said!

Some of the deductions they are eliminating are flat out a war on the middle class and young people: student loan deduction, personal exemption, and state and local taxes will all hit young and middle class cohorts heavily. IMO this bill:
a. reduces college educated population in particular those at the graduate level
b. causes students who want to continue education take out more student loans to offset tax breaks
c. is counter intuitive to a conservative philosophy deducting state and local taxes allows states to have higher tax rates and therefore provide more state level services than federal services. If a state is willing to use its own money and not rely as heavily on the federal government you would think conservatives would be for it not against it.

This is a good break down of the Paul Ryan's tax bill!


https://www.nbcnews.com/politics/congress/winners-losers-senate-tax-bill-n827856

Really, our only hope is that Chico and the rest of his supporters will flip in 5 years when they realize the middle class cuts were only temporary and the corporate cuts were permanent. According to the analysis (https://www.washingtonpost.com/news/politics/wp/2017/11/30/how-the-republican-tax-bill-benefits-the-rich-according-to-government-analysis/) in about 5 years or so (should be just enough time for Chico to forget Trump/Congress is responsible for this) the middle class will see their taxes go up.