Mr. Luddite wrote:
On 4/26/2017 4:39 PM, Keyser Soze wrote:
On 4/26/17 4:23 PM, Mr. Luddite wrote:
On 4/26/2017 4:15 PM, Keyser Soze wrote:
On 4/26/17 4:12 PM, Mr. Luddite wrote:
On 4/26/2017 4:04 PM, Keyser Soze wrote:
On 4/26/17 4:01 PM, Mr. Luddite wrote:
On 4/26/2017 3:07 PM, Keyser Soze wrote:
On 4/26/17 2:35 PM, Mr. Luddite wrote:

As is my hobby, I channel surf after a major political
announcement or
news, just to get a feel on how the cable networks react.

So, after today's announcement of the proposed new tax rates, the
panel
on FoxNews were kicking around how it will help individuals, small
businesses and large businesses. The focus of their discussion was
how
and why the new tax rate plan would benefit the economy overall and
create more jobs.

Switch to MSNBC:

Here the larger panel of pundits were focusing (and speculating) on
how
the new tax rates will benefit Donald Trump. Period. That's all
they
were talking about.


Like you, Fox has bought into the Trump bull****. MSNBC wants to
know
how many millions the Trumpsters will make off of this, what it
will do
to the deficits, and how it will devastate what little remains of
the
social safety net, science, enforcement of anti-pollution and other
citizen safety laws.


BTW, this wasn't his budget request. It was his proposal for
lowering
taxes. The rich still pay the highest percentage by far. It really
applies to middle class individuals, Sub-S sorporations and large
corporations as an incentive to base operations in the USA, expand
and
hire more Americans. A one time tax will apply for those
corporations
with their holdings overseas and then a 15 percent (as proposed) tax
thereafter.

This is very good for the economy of the USA.


Really? What about the deficit?

His Treasury guy (forget his name) claims the new tax rates will
produce
something like 5 Trillion in revenues over 5 years. It's a start.




That's hilarious.


Why's that? I can understand why it could. A robust, growing economy
is the largest revenue generating source. Taxes aren't even close.


Trump's tax cuts will simply put more money in the hands of the rich,
weaken the country and further devastate the lower and middle income
families. All that will trickle down is ****.


Maybe you could explain exactly how that is going to happen. This isn't
"trickle down". It's targeted towards low and middle class incomes,
small business (sub-s) and large businesses that have offshored their
manufacturing. Those with high incomes (I don't know the number but it
was rumored to be about $450k and up) pay the highest tax bracket.
Forget the exact number but it was in the 30 something percent range.

Plus, he is proposing a doubling of the tax credit for middle class
incomes. First $24K is exempt, up from $12.5K.

Don't see how you think this will "devastate the lower and middle income
families". It's targeted right for them ... and businesses.




Maybe Harry has tax problems as he does not understand taxes.