REAL WORLD EVENT DISCUSSIONS

Tax Cuts

POSTED BY: THGRRI
UPDATED: Saturday, December 9, 2017 22:08
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Sunday, November 19, 2017 3:11 PM

THGRRI


Will or won't the bill pass? I'm thinking probably not.

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Tuesday, November 28, 2017 2:35 PM

THGRRI


Senate panel under pressure to pass tax plan; 2 GOP members mull 'no' vote

Sen. Ron Johnson, R-Wis., has voiced concern that the bill doesn't have provisions to help small businesses -- and Sen. Bob Corker, R-Tenn., said the bill would lead to federal deficit increases.

Republicans hold a 12-11 majority on the Senate Committee on the Budget. While neither has pledged to vote against the bill, "no" votes from Johnson and Corker would keep the bill from leaving committee. All Democrats on the committee are expected to vote against the bill.

https://www.upi.com/Top_News/US/2017/11/28/Senate-panel-under-pressure
-to-pass-tax-plan-2-GOP-members-mull-no-vote/3641511871902
/



T

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Tuesday, November 28, 2017 4:20 PM

THGRRI


The Red-State Revolt Spreads to Oklahoma
Republican voters soured on tax cuts in Kansas. Now a similar budget crisis is playing out in Oklahoma, and in a string of special-election wins, Democrats are taking advantage.

In a state that gave 65 percent of its vote to Donald Trump a year ago, the GOP controls pretty much everything: the governorship and every statewide office, both U.S. Senate seats, all five House seats. The state legislature is almost laughably one-sided; Republicans have super-majorities of more than 70 percent of the seats in each chamber.

But in the last four months, voters have repudiated those Republicans running in Oklahoma at the polls. Democrats have captured four state legislative seats held by the GOP, two in special elections for the House and two for the Senate. The most recent—and perhaps the most surprising—win occurred last week, when a 26-year-old lesbian Democrat named Allison Ikley-Freeman edged out the Republican candidate by 31 votes in a conservative state House district near Tulsa that went heavily for Trump in 2016. Democrats may have a chance to make an even bigger statement in a few months, when a vacancy caused by the likely Senate confirmation of Representative Jim Bridenstine to be NASA administrator could trigger a special congressional election in the district that includes Tulsa.

https://www.theatlantic.com/politics/archive/2017/11/the-red-state-rev
olt-spreads-to-oklahoma/546671
/


T

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Thursday, November 30, 2017 7:46 AM

G

... fully loaded, safety off...


Because what we need is more religion in our politics:

https://www.nytimes.com/2017/11/26/us/politics/johnson-amendment-churc
hes-taxes-politics.html


WASHINGTON — For years, a coalition of well-funded groups on the religious right have waged an uphill battle to repeal a 1954 law that bans churches and other nonprofit groups from engaging in political activity.

Now, those groups are edging toward a once-improbable victory as Republican lawmakers, with the enthusiastic backing of President Trump, prepare to rewrite large swaths of the United States tax code as part of the $1.5 trillion tax package moving through Congress.

Among the changes in the tax bill that passed the House this month is a provision to roll back the 1954 ban, a move that is championed by the religious right, but opposed by thousands of religious and nonprofit leaders, who warn that it could blur the line between charity and politics.

The change could turn churches into a well-funded political force, with donors diverting as much as $1.7 billion each year from traditional political committees to churches and other nonprofit groups that could legally engage in partisan politics for the first time, according to an estimate by the nonpartisan congressional Joint Committee on Taxation."

------

Tell me that's not a nightmare scenario where we turn the clock back 200 years.


==============================

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Thursday, November 30, 2017 9:06 AM

THGRRI


Quote:

Originally posted by G:
Because what we need is more religion in our politics:

https://www.nytimes.com/2017/11/26/us/politics/johnson-amendment-churc
hes-taxes-politics.html


WASHINGTON — For years, a coalition of well-funded groups on the religious right have waged an uphill battle to repeal a 1954 law that bans churches and other nonprofit groups from engaging in political activity.

Now, those groups are edging toward a once-improbable victory as Republican lawmakers, with the enthusiastic backing of President Trump, prepare to rewrite large swaths of the United States tax code as part of the $1.5 trillion tax package moving through Congress.

Among the changes in the tax bill that passed the House this month is a provision to roll back the 1954 ban, a move that is championed by the religious right, but opposed by thousands of religious and nonprofit leaders, who warn that it could blur the line between charity and politics.

The change could turn churches into a well-funded political force, with donors diverting as much as $1.7 billion each year from traditional political committees to churches and other nonprofit groups that could legally engage in partisan politics for the first time, according to an estimate by the nonpartisan congressional Joint Committee on Taxation."

------

Tell me that's not a nightmare scenario where we turn the clock back 200 years.


==============================



It falls right in line with decision, corporations are people too.


T

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Thursday, November 30, 2017 10:11 PM

OONJERAH


Quote:

Originally posted by G:

Tell me that's not a nightmare scenario where we turn the clock back 200 years.

==============================



In some colonies, people could be arrested for not showing up in church.
You mean, like that?


... oooOO}{OOooo ...

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Friday, December 1, 2017 6:51 PM

G

... fully loaded, safety off...


Quote:

Originally posted by Oonjerah:
Quote:

Originally posted by G:

Tell me that's not a nightmare scenario where we turn the clock back 200 years.

==============================



In some colonies, people could be arrested for not showing up in church.
You mean, like that?


... oooOO}{OOooo ...



Or shot! Ok, kidding. Have you read or seen any of the versions of The Handmaid’s Tale?

==============================

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Saturday, December 2, 2017 2:53 AM

OONJERAH



G: "The Handmaid’s Tale?"

  I recognize the title; pretty sure I never read it.
I mostly only read for fun.


... oooOO}{OOooo ...

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Saturday, December 2, 2017 7:00 AM

G

... fully loaded, safety off...


Quote:

Originally posted by Oonjerah:

G: "The Handmaid’s Tale?"

  I recognize the title; pretty sure I never read it.
I mostly only read for fun.


... oooOO}{OOooo ...



It's dark fun. I am a fan of apocalyptic scifi which HT is.

==============================

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Saturday, December 2, 2017 7:21 PM

JO753

rezident owtsidr


Its bizzar to see Mitch McConnell smiling ear to ear after sekseeding to put a noose around hiz nek.

And wile passing around noosez to all the other GoPs, he sez "therez not a single democrat that thot this wuz a good idea."

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Saturday, December 2, 2017 8:50 PM

6IXSTRINGJACK


It is pretty bizarre. Makes you wonder if he knows something you don't know.

Do Right, Be Right. :)

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Sunday, December 3, 2017 9:35 AM

THGRRI


Quote:

Originally posted by 6IXSTRINGJACK:
It is pretty bizarre. Makes you wonder if he knows something you don't know.




Stress


T

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Sunday, December 3, 2017 1:27 PM

THGRRI


“In terms of income as opposed to wealth, almost all of the new income generated in recent years has gone to the top 1 percent. In fact, the latest information that we have shows that in recent years, over 99 percent of all new income generated in the economy has gone to the top 1 percent.”

https://www.washingtonpost.com/news/fact-checker/wp/2015/02/17/bernie-
sanders-claim-that-99-percent-of-new-income-is-going-to-top-1-percent-of-americans/?utm_term=.40015b619fcc



Far to many Republicans practice tribalism. Democrats do to, but with Republicans this means many vote against their own interests. This is why this tax bill is still afloat.

T

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Tuesday, December 5, 2017 9:17 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly


Senator Sherrod Brown challenged Senate Finance Committee Chair Orrin Hatch: Why were Republicans about to pass tax cuts for corporations and business owners while the Children’s Health Insurance Program remains unextended?

Hatch reacted with fury. “Nobody believes more in the CHIP program than I,” he shot back. “I invented it. We’re gonna do CHIP. There’s no question about it in my mind, and it’s gotta be done the right way. The reason CHIP’s having trouble is we don’t have any money anymore.”

“I have a rough time wanting to spend billions and billions and trillions of trillions of dollars to help people who won’t help themselves, won’t lift a finger, and expect the federal government to do everything,” Hatch said. “Unfortunately, the liberal philosophy has created millions of people that way, who believe everything they are or ever hope to be depend on the federal government rather than the opportunities that this great country grants them.”

www.vox.com/policy-and-politics/2017/12/5/16733784/senate-tax-bill-orr
in-hatch-chip


Hatch was saying that there’s no money to extend CHIP, which would cost less than 1 percent of the cost of the tax cuts Hatch supports. You can tell what a party really cares about by watching what they’re willing to pass, financing be damned. When it comes to a program like CHIP, a policy founded with Republican support that literally provides health insurance for poor children, “We don’t have any money,” as Hatch said on the Senate floor.

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Tuesday, December 5, 2017 9:56 AM

G

... fully loaded, safety off...


Quote:

Originally posted by second:

Hatch was saying that there’s no money to extend CHIP, which would cost less than 1 percent of the cost of the tax cuts Hatch supports. You can tell what a party really cares about by watching what they’re willing to pass, financing be damned. When it comes to a program like CHIP, a policy founded with Republican support that literally provides health insurance for poor children, “We don’t have any money,” as Hatch said on the Senate floor.



Here's another rich senator sick of all the poor people:

http://on.msnbc.com/2zOlvdJ

Grassley blasts working class for spending on booze, women, and movies

"In a Nov. 29 interview, Grassley was adamant about the need for change, even if farmers and small business owners represent a tiny minority of estate tax payers. The reason, he said, is as much philosophical as practical.

Grassley: "An estate tax effectively and unfairly taxes a person’s earnings twice, he argued: first when they earn it and again when they die. And, he added, it penalizes savers without touching spenders.

“I think not having the estate tax recognizes the people that are investing,” Grassley said, “as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies.”

It’s rare to see prominent politicians celebrate elitism with such candor. To hear Grassley tell it, multi-millionaires and billionaires – and their heirs – deserve an expensive tax break. If the rest of us spent our paychecks in ways Iowa’s millionaire senator approves of, perhaps we’d be millionaires, too."


==============================

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Tuesday, December 5, 2017 10:32 AM

THGRRI





T

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Tuesday, December 5, 2017 11:52 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly


I see that Senator Hatch is emotionally defending what is best for Hatch: a tax cut for the rich.

Senator Hatch has an estimated net worth of $4.96 million as of 2014, making him a fair amount wealthier than the average member of Congress and the richest among all members from Utah.

Hatch's net worth was 4.7 times more than the average member of Congress and 81% more than the average senator.

http://members-of-congress.insidegov.com/l/374/Orrin-G-Hatch


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Thursday, December 7, 2017 3:13 PM

THGRRI


The Tax Bill Shows Yet Again Republicans Only Care About States’ Rights When It Serves Them

“States’ rights” was the rallying cry of Republican governors challenging the constitutionality of the Affordable Care Act in 2010, and it was the animating ideal behind President Donald Trump’s decision this week to reduce the size of two federal monuments in Utah.

When state governments enact progressive policies at odds with Republicans’ national agenda, however, national GOP leaders do not hesitate to run roughshod over their supposedly cherished federalist principles.

“Their principal goal is to subdue and dismantle the welfare state,” and defending states’ rights is sometimes a means to that end, Gerstle argued. “Once states are no longer useful to them, in terms of their ambitions, they will quickly abandon their commitment to states’ rights.”


https://www.huffingtonpost.com/entry/republicans-states-rights-progres
sive-policies_us_5a294942e4b0fa79861283c2



T

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Friday, December 8, 2017 10:52 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly


Apple could get a $47 billion windfall from the tax bill and even Apple's CEO, Tim Cook, has explained this won’t boost investment. That pretty much shoots down the GOP's justification for the tax cut as a job creation act.

Richard Waters and Tom Braithwaite at the Financial Times ran the numbers yesterday and found that the Republican tax plan’s largest single winner is going to be Apple. For a sense of scale, that would cover four years’ worth of the federal tab for the Children’s Health Insurance Program which provides coverage to 9 million kids but is currently on hiatus since congressional Republicans say they can’t find the money.

Apple CEO Tim Cook has explained over and over again that shoveling billions into his corporate treasury won’t boost his investment spending.

He already has plenty of cash, but beyond that, when Cook wants Apple to invest more, he borrows the money.

Apple doesn’t really need any cash on hand to make investments.

Interest rates are low these days, and interest payments are tax deductible — and Apple keeps a lot of its balance sheet cash on the books of subsidiaries incorporated in offshore tax havens. Apple’s cash-management game is to bide its time until it gets a tax windfall (i.e., soon, if Republicans get their way) and then kick the windfall out to shareholders in the form of dividends or buybacks. It’s an important part of their overall corporate strategy, but it has nothing to do with investment or job creation, again, the GOP's fake justification for the tax cut.

The only thing Cook gets wrong is when he says Apple is in an “unusual” position in that regard. For all the same reasons that Apple doesn’t need extra cash to finance investment, no other company does either. Indeed, Apple’s own balance sheet “cash” consists largely of bonds — money that Apple loaned out to other corporations and contributes to the low interest rate environment in which it’s easy for companies to raise money for investment.

www.vox.com/policy-and-politics/2017/12/8/16746034/apple-gop-tax-bill

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Friday, December 8, 2017 12:29 PM

G

... fully loaded, safety off...


Quote:

Originally posted by second:
Apple could get a $47 billion windfall from the tax bill and even Apple's CEO, Tim Cook, has explained this won’t boost investment. That pretty much shoots down the GOP's justification for the tax cut as a job creation act.

Richard Waters and Tom Braithwaite at the Financial Times ran the numbers yesterday and found that the Republican tax plan’s largest single winner is going to be Apple. For a sense of scale, that would cover four years’ worth of the federal tab for the Children’s Health Insurance Program which provides coverage to 9 million kids but is currently on hiatus since congressional Republicans say they can’t find the money.

Apple CEO Tim Cook has explained over and over again that shoveling billions into his corporate treasury won’t boost his investment spending.

He already has plenty of cash, but beyond that, when Cook wants Apple to invest more, he borrows the money.

Apple doesn’t really need any cash on hand to make investments.

Interest rates are low these days, and interest payments are tax deductible — and Apple keeps a lot of its balance sheet cash on the books of subsidiaries incorporated in offshore tax havens. Apple’s cash-management game is to bide its time until it gets a tax windfall (i.e., soon, if Republicans get their way) and then kick the windfall out to shareholders in the form of dividends or buybacks. It’s an important part of their overall corporate strategy, but it has nothing to do with investment or job creation, again, the GOP's fake justification for the tax cut.

The only thing Cook gets wrong is when he says Apple is in an “unusual” position in that regard. For all the same reasons that Apple doesn’t need extra cash to finance investment, no other company does either. Indeed, Apple’s own balance sheet “cash” consists largely of bonds — money that Apple loaned out to other corporations and contributes to the low interest rate environment in which it’s easy for companies to raise money for investment.

www.vox.com/policy-and-politics/2017/12/8/16746034/apple-gop-tax-bill



Second - this is the thing. Everyone knows that the Republicans are lying and filling their masters' pants with cash. Voters, non-voters, children above the age of 5 know. But there's nothing we can do about. "Vote?!?" Yeah, right. Of all the remarkable lines in the sand that the Republicans and Trump and his global mafia have crossed, nothing will be as dramatic and telling as if Roy "the good ole days when we had slavery" Moore wins in Alabama. Talk about enshrining themselves as the party of pure evil. But we already know this.

==============================

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Friday, December 8, 2017 4:14 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by G:

Second - this is the thing. Everyone knows that the Republicans are lying and filling their masters' pants with cash. Voters, non-voters, children above the age of 5 know. But there's nothing we can do about. "Vote?!?" Yeah, right. Of all the remarkable lines in the sand that the Republicans and Trump and his global mafia have crossed, nothing will be as dramatic and telling as if Roy "the good ole days when we had slavery" Moore wins in Alabama. Talk about enshrining themselves as the party of pure evil. But we already know this.

Evil, you say? You are unfamiliar with Texans. The majority will continue to vote Republican, congratulating themselves for preserving goodness, regardless of what laws Congressional Republicans pass and Republican Presidents sign. Nothing will ever change Republican minds about how they must forever oppose the wicked Democrats and their evil social programs wasting precious tax dollars that ought to go to the military. For example:

U.S. tax revamp still incomplete as Republicans eye social program cuts
www.reuters.com/article/us-usa-fiscal-entitlements/u-s-tax-revamp-stil
l-incomplete-as-republicans-eye-social-program-cuts-idUSKBN1E22MD


WASHINGTON (Reuters) - Even before completing their overhaul of the U.S. tax code, Republicans in Washington have begun turning their attention to changes and possible cuts in the social safety net of government programs for the poor, children, elderly and disabled Americans.

President Donald Trump, House of Representatives Speaker Paul Ryan and other Republican officials in recent remarks have made clear that welfare or “entitlement reform,” as they often call it, will be a top priority for them in 2018.

“Next year, we’re going to have to get back to entitlement reform,” Ryan said on a radio talk show on Wednesday.

In Republican parlance, “entitlement” programs mean food stamps, housing assistance, Medicare and Medicaid health insurance for the elderly, poor and disabled, as well as other programs created to assist the needy. . . .

“The Republicans’ next chapter will be, ‘Oh, we have a deficit, we have to do something about it, let’s cut Medicare and let’s cut Medicaid,” Democratic Senator Ben Cardin told a news conference on Thursday.

Enacting the tax bill would trigger automatic cuts to a variety of programs, including Medicare, due to a congressional budget rule that requires laws that increase the deficit to offset it with cuts to mandatory spending programs.

The “pay-as-you-go” rule applies to the Medicare health insurance program for the elderly and disabled, but cuts to that program would be capped at 4 percent, or up to $28 billion in 2018, according to government estimates.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Saturday, December 9, 2017 10:04 PM

THGRRI


Republicans Bet Tax Cuts Would Help Their Political Fortunes. They May Have Misread That

Republican strategists for months have been urging lawmakers to notch a victory on taxes — anything, really, would count — so that they can have something to run on next year. So urgent the need, the argument went, that having nothing to show in 2018 could give Democrats’ a majority in the House and maybe even the Senate.

What they didn’t count on is this: for the first time in modern polling, tax cuts are more unpopular than tax hikes. That’s right, the Republican tax cuts that are likely to become law before the end of the year are underwater in the polls by 14 percentage points.

http://time.com/5056851/republicans-tax-cuts-bill-paul-ryan/


T

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Saturday, December 9, 2017 10:08 PM

6IXSTRINGJACK


Meh... I guess we'll see when the elections happen. Clinton was regularly up 14% or more in the polls as well.

It wouldn't surprise me if this poll was accurate though. Most people I've ever known can't even fill out their own personal income tax return. It's easy to convince stupid people of anything you want when you can manipulate their emotions.

Do Right, Be Right. :)

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