New Senate Tax Plan

[mtangelsfan]

Republicans suck.

https://www.msn.com/en-us/news/politics/senate-plan-would-scrap-income-and-property-tax-deductions/ar-BBEMeDH?li=BBnb7Kz

[red321]

Hey...it’s all cool...trickle down baby!

(just don’t look at what’s trickling down...it might be Louis)

[nate]

Cutting taxes without cutting the military budget will never work.  Someone will get shafted.

[krAbs]

The house bill was honestly a work of art. I was seeing reports that it raised taxes on a big chunk of people while at the same time costing 1.5 trillion dollars. That's pretty damn impressive.

[mtangelsfan]

5 minutes ago, nate said:

Cutting taxes without cutting the military budget will never work.  The middle class will get shafted.

Fixed

[red321]

I thought it was special Trump claimed he was going to get killed under this new tax bill, unless getting rid of the estate tax was included. 

 

[mtangelsfan]

Eliminating write offs for state and property taxes screws the middle class.  I swear we are invisible.

Seems the cons and the libs are willing to sacrifice us for their sacred cows.

[nate]

I mean the WH is full of billionaires and the rest of the republican congress is owned by the Koch brothers, if you thought this tax cut would be anything but a huge cut for them and everyone else getting screwed, you are incredibly naive.

[red321]

16 minutes ago, mtangelsfan said:

Eliminating write offs for state and property taxes screws the middle class.  I swear we are invisible.

Seems the cons and the libs are willing to sacrifice us for their sacred cows.

Are you both siding this one?

[mtangelsfan]

2 minutes ago, red321 said:

Are you both siding this one?

No, I said the Republicans suck.

You can also find several posts of mine from the past where I said the middle class always gets screwed no matter who is in office.

Doesn't mean I like the dems.

[UndertheHalo]

Seems like pretty standard republican policy to me.  Get ready to get trickled on !!!!

[krAbs]

You guys think it actually gets passed based on what we are seeing? I feel like the deficit spending will really hurt this bill's chances. Isn't the tea party supposed to like...not like that stuff or something?

[mtangelsfan]

Yeah, I don't see it passing.

(Thank god)

[Adam]

I don't think the Republicans intend to pass anything

[mtangelsfan]

Gas maybe

[krAbs]

Quick off the top of my head vote counting, they need 50 of their 52 seats to vote yes on it in the senate (assuming anything can pass through the house). Secret-liberal Rand Paul sounds like he will likely be a no, and it seems likely Corker will be a no. So, the margin is...thin...

[Tank]

5 minutes ago, mtangelsfan said:

Gas maybe

if they can tax the cows for making methane, we ought to be able to do likewise with our federal legislators.

[Tank]

29 minutes ago, Adam said:

I don't think the Republicans intend to pass anything

it's an interesting theory and i think you're on to something. they've run out three attempts at overturning obamacare in an effort that can best be described as keystone cop-ish and no real chance of passing. it's like they're trying to look busy on something meaningful without any real intent to do what's best for the citizenry.

[Adam]

They can't repeal obamacare. They need to be able to point the finger at it as a campaign issue for as long as it can sway voters.

The Tax thing... I'm not so sure. I haven't even seen any fake news sites saying it's a good deal. 

If I can't itemize I'm screwed. I know that. 

[Tank]

agree with you on obamacare being repealed. each weak plan they've announced was set to dump several million people from it, and that's just not going to fly. it seems like an obvious thing to fix the things that are wrong/weak with it. but yeah, the cons need a bogeyman, and that's definitely it.

[Adam]

8 hours ago, Tank said:

agree with you on obamacare being repealed. each weak plan they've announced was set to dump several million people from it, and that's just not going to fly. it seems like an obvious thing to fix the things that are wrong/weak with it. but yeah, the cons need a bogeyman, and that's definitely it.

Tank I’ve golfed with you. You’re the bogeyman

[Thomas]

16 hours ago, Adam said:

They can't repeal obamacare. They need to be able to point the finger at it as a campaign issue for as long as it can sway voters.

The Tax thing... I'm not so sure. I haven't even seen any fake news sites saying it's a good deal. 

If I can't itemize I'm screwed. I know that. 

Yeah the Obamacare repeal farce was laughably predictable. I'm still surprised so many people bought into it. I'd guess their putting on another show but it's not as clear.  The Republican leadership aren't selling it hard to the public but it's crafted in a way to really hurt the large blue states so I don't really know.

[Adam]

10 minutes ago, Thomas said:

Yeah the Obamacare repeal farce was laughably predictable. I'm still surprised so many people bought into it. I'd guess their putting on another show but it's not as clear.  The Republican leadership aren't selling it hard to the public but it's crafted in a way to really hurt the large blue states so I don't really know.

I can’t figure it out either but I’m sure it’s sinister enough

[Catwhoshatinthehat]

On 11/9/2017 at 2:03 PM, mtangelsfan said:

Eliminating write offs for state and property taxes screws the middle class.  I swear we are invisible.

Seems the cons and the libs are willing to sacrifice us for their sacred cows.

It screws people in HCOL states that pay more than they get back from the feds, many of which are blue states like CA, NY, NJ and so on.  We were planning on selling our town house and getting into a house early next year and depending on how this plays out we may scrap that.  Limiting the mortgage interest is one thing but then capping or completely doing away with the state income/property tax write-off would put us in a position financially I wouldn't want to be in.  I imagine real estate would take a hit in more expensive areas like OC where the median home price is currently approaching 800K.   

[Tank]

8 hours ago, Adam said:

Tank I’ve golfed with you. You’re the bogeyman

just you wait, bubba. christmas break? i have the entire first week of january off so let's make this happen.