Corporations may get permanent Tax cuts

[tomdalton22]

Disgusting bill. Nice handout to Millionaires and billionaires . But raises taxes on people who make 10,000 to 75,000. Big old Gop tax lie ... Big payday to the donors like the Koch Brothers. Fuck Trump.

I don't see where it raises taxes on people that make between $10-$75K

 

[Michchamp]

it's well established that when corporations get tax cuts, they do not use the windfall to expand operations and hire more people... they either acquire competitors (and mergers lead to FEWER jobs), or they buy out legacy employees with early retirement (again... fewer jobs), or they pay bonuses to execs. link, link, link... there's a veritable ocean of op eds, research papers, government budget studies, etc. that prove this FALSE.

the myth that tax cuts lead to jobs should be belied by the trends of the last forty fucking years, but it's become accepted for some reason by a lot of Americans.

it SOUNDS logical, right?

"I know Corporate tax rates are too high because [insert blurb written by flack from some corporate tax lobbyist heard on Fox Business]."

no, you don't know shit.

 

[Gulo Blue]

And when flyover country experiences no job growth, or has losses over the next few years, their "representatives" will claim that Big Corp. needs yet another tax-cut.


Just like when food prices soared in '08, and Big Food claimed that it was due to high fuel prices, but when fuel prices sank after '13, did food prices even noticeably respond in kind?

Nah...of course not.

It's tough to track everything, but I did notice milk prices came down. They're on the way back up again now, but they did come down for a while.

 

[Gulo Blue]

The tuition stipend thing pisses me off. I'm not sure about other fields, but for engineering, when I went back to school, in addition to classes and the research I did for my own dissertation, I had to do some assistant teaching and contribute to other research projects. When you're given work like that, that doesn't contribute to graduating, it's understood that you're earning your tuition waiver. So it is like getting paid and I do see that argument. But most of these people are right out of college, they don't have any money. If you're in a field where you bring research money in, like engineering, you get a $20-30k per year stipend to live on, even though you're easily worth 2 or 3 times as much in private industry. This bill wants to tax the value of the tuition waiver. So you make $25k, but get taxed of $75k, which would take a huge chunk out of your $25k and knock you to roughly poverty wages. (Students that don't bring in money don't even get the $25k. This would mean the only advanced degree English majors would have to be independently wealthy...that's probably the real goal here.)

Beyond the value in training, a lot of research done by grad students directly spins off as startup companies or gets licensed to big companies. It's a huge part of our technological progress. This idea is total stupidity.

 

[turok]

I don't see where it raises taxes on people that make between $10-$75K

They will go up after 2025, just coincidentally when the temporary cuts are set to expire, and when the majority of the boomers will be, and all within a year or two of being SS/Medicare eligible. But of course temporary cuts can be shortened, and SS eligibilility lengthened, which I expect that the Republicans will do, if their plans to shaft the middle/lower-class via slow acting poison are successful in the next 2 elections. But the GOP's ultimate goal is to privatize everything except for the military anyway, and likely by the middle of the next decade, if not sooner.

But the nation will probably be in at least 25T red fed debt by then, so this is all just worthless vapor fiat funds being manipulated on computer databases. So when conservatives complain about their tax-money going to help lazy Caddy-driving steak & lobster eating black welfare baby mommas, I have to laugh. Their income taxes disappear into the maw of that super-massive "red" hole of fed debt, then the govmint just magically gives it back, but only more to mostly red tax-receipient states, and less to tax-donor blue-purple states than was collected.

 

[Michchamp]

And when flyover country experiences no job growth, or has losses over the next few years, their "representatives" will claim that Big Corp. needs yet another tax-cut.


Just like when food prices soared in '08, and Big Food claimed that it was due to high fuel prices, but when fuel prices sank after '13, did food prices even noticeably respond in kind?

Nah...of course not.

there is so much consolidation in the US economy, prices don't really reflect the overly simplistic Econ 101 "competitive supply and demand" stuff like Republicans insist they do.

monopoly pricing & marketing explains most of it... they charge what they can.

 

[turok]

there is so much consolidation in the US economy, prices don't really reflect the overly simplistic Econ 101 "competitive supply and demand" stuff like Republicans insist they do.

monopoly pricing & marketing explains most of it... they charge what they can.

Outside of mergers and takeovers, thought that one of Drumpf's campaign promises was that he would place tariffs on imports, in large part to punish multinationals who have/will move jobs out of the country. So much for that.
Not that I ever believed anything that came out of his pathological lying piehole.

 

[KAWDUP]

Corporatons have been asking for handouts for years and it is total BS that that anyone thinks thier rate is 35%. Hasn't even been close for years with all the breaks they have been getting. Get ready for that great trickle down again ...lol !!! Same old Gop game plan that never works. Republicans are just a worthless piece of crap party.

LOL, just as many think that Democrats are also a worthless piece of crap party. So does that mean any people who are part of the 2 party system in America are worthless pieces of crap?

Interesting theory.

 

[turok]

If I was an employee or employer in the dirty non-renewables industries, or was a grifting for gawd prosperity gospel preacher, or employed by a for-profit health insurer, or was born/married into great wealth/family-owned business, never or very briefly knowing what it was like to live paycheck to paycheck, or believes that people born with more melanin are that much more likely to be lazy, criminals, and/or terrorists, or was a small-medium-large business owner who doesn't want to offer my employees anything over min wage, PT work with no bennies or FLSA/FICA...ect, then I would most likely tend to vote Republican. These are just examples, and by no means are all of them.

My Democratic representative hasn't been obligated to sign any tax-pledge drawn up by someone who himself has never held any elected office whatsoever, either. Fuck the Greedy Old Pricks, and the Super PACs that they rode in on.

 

[tomdalton22]

If I was an employee or employer in the dirty non-renewables industries, or was a grifting for gawd prosperity gospel preacher, or employed by a for-profit health insurer, or was born/married into great wealth/family-owned business, never or very briefly knowing what it was like to live paycheck to paycheck, or believes that people born with more melanin are that much more likely to be lazy, criminals, and/or terrorists, or was a small-medium-large business owner who doesn't want to offer my employees anything over min wage, PT work with no bennies or FLSA/FICA...ect, then I would most likely tend to vote Republican. These are just examples, and by no means are all of them.

My Democratic representative hasn't been obligated to sign any tax-pledge drawn up by someone who himself has never held any elected office whatsoever, either. Fuck the Greedy Old Pricks, and the Super PACs that they rode in on.

have you ever voted for a republican?

 

[turok]

have you ever voted for a republican?

Yeah...William Milliken for state governor in the 70s. But I have my doubts that somone as worthy and honorable as him could win the Republican nomination post-20th century.

 

[biggunsbob]

Cbo

Bad news if you are not rich .

http://www.motherjones.com/politics...released-its-analysis-of-the-senate-tax-bill/

 

[biggunsbob]

Better make over 75 k

http://www.motherjones.com/politics...ax-bill-now-raises-taxes-on-the-middle-class/

 

[tomdalton22]

Better make over 75 k

http://www.motherjones.com/politics...ax-bill-now-raises-taxes-on-the-middle-class/

lower taxes, make cutbacks in entitlement programs, get rid of the healthcare mandate. I like the sounds of it so far.

 

[biggunsbob]

lower taxes, make cutbacks in entitlement programs, get rid of the healthcare mandate. I like the sounds of it so far.

Trickle down never works. It didn't work under saint Regan and won't work now. Middle class is going to get fucked like they always do under the gop leadership. Adding trillions to the debt. .GOP ARE NOTHING BUT HYPOCRITES. Hopefully this clown gets only 4 years . Because Trump is nothing but a hypocritical idiot who gets his fake news on state TV called Fox.

 

[turok]

Cbo

Bad news if you are not rich .

http://www.motherjones.com/politics...released-its-analysis-of-the-senate-tax-bill/

I have paid for health insurance throughout my years of employment, even when young and healthy...that is...except for my own brief foray into selling individual and group health insurance as an independent insurance agent in the mid-80s, while being associated with various city/regional Chambers of Commerce in metro-Detroit. Working 10-12 hours per day on commission only, meant that I couldn't even afford to subscribe to what I was selling...dlol. Most humiliating job imaginable b/c of averaging 100+ cold calls to small business owners every weekday, most of whom were not very polite or forthcoming, to say the least.

The "grand" idea behind health insurance is socialized cost+risk...but if there are not enough insured who aren't using it, except for routine checkups and physicals, then the costs rise for everyone. But the GOP could give a flying fuck about that.

 

[biggunsbob]

I have paid for health insurance throughout my years of employment, even when young and healthy...that is...except for my own brief foray into selling individual and group health insurance as an independent insurance agent in the mid-80s, while being associated with various city/regional Chambers of Commerce in metro-Detroit. Working 10-12 hours per day on commission only, meant that I couldn't even afford to subscribe to what I was selling...dlol. Most humiliating job imaginable b/c of averaging 100+ cold calls to small business owners every weekday, most of whom were not very polite or forthcoming, to say the least.

The "grand" idea behind health insurance is socialized cost+risk...but if there are not enough insured who aren't using it, except for routine checkups and physicals, then the costs rise for everyone. But the GOP could give a flying fuck about that.

For Profit Healthcare is only good for one group , and it's not the poor or middle class that is for sure. The GOP are nothing but lying hypocritical assholes and the sooner that party dies out the better America will be.

 

[tomdalton22]

For Profit Healthcare is only good for one group , and it's not the poor or middle class that is for sure. The GOP are nothing but lying hypocritical assholes and the sooner that party dies out the better America will be.

I hate to break it to you, but there are lying hypocritical assholes on both sides

 

[turok]

This tax bill is nothing but an all out assault on the middle and lower classes, affordable healthcare, higher education, the arts and sciences, cultural diversity, and minorities. The true domestic terrorists in this country are the billionaires and global corporate capitalists, who are behind the curtains, manipulating their GOP sock-puppets in Congress, and are well-represented in the Cabinet of Dr. Killigory, and his advisors.

Drumpfkopf "drained the swamp" then refilled it with a Superfund cesspool of toxic biohazard waste. Few, if any of his picks were actually his to begin with, but were suggestions obtained through his so-called "best people". He only takes credit, or places blame, b/c he woefully lacks any positive human characteristics, such as integrity, humility, empathy, wisdom, or foresight. The ultimate in an empty suit, or the Trumperor's new clothes, which only his like-mindless basket of derplorables claim to see.

 

[Spartanmack]

Wikipedia says the GDP of the Cayman Islands is $2.5 B and 70% of that is tourism, leaving a maximum of $750 million in tax shelter income. So wouldn't you have to lower rates until what we get back out of it is less than $750 million to make it worth it to companies? The taxes we miss out on is billions if you consider our current tax rate or whatever new tax rate is being proposed, but to get companies to voluntarily bring it back at a rate that would be worth it seems impossible.

It's not impossible. the corporate tax rate should be 0%. then not only would that money come back but foreign companies would be rushing to the US to invest - just look at how many companies flocked to Ireland when they lowered their corporate tax rates.