Republican Tax Philosophy

2003TIDE said:

It's sad that seniors in red states vote against their own well being. I heard my wife's grandmother say over Thanksgiving that they (her and her husband) would never vote for a Democrat because they "support abortion and gay marriage." 2 "issues" that literally have zero impact on them. That was 2 minutes after her complaining about their taxes going up and Medicare is getting cuts. BTW she's also voting for Moore because "that was a long time ago" and "it's fake news from McConnell." Sigh

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2003TIDE said:

I know right. When she brought up abortion, I wanted to ask her how many children she thought would die when 13 million poor people lose healthcare, but I didn't feel that would lead to a great car ride home with the wife. So I didn't.

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Bamaro said:

In a nutshell, Republican tax policy:
Cut taxes no matter what the cost, big cuts to rich, crumbs to middle class, let the children pay for it
AKA - buying votes from the greedy and stupid

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day-day said:

I can understand people voting on their principles and not on their greed.

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chanson78 said:

Haste on Tax Measures May Leave a Trail of Loopholes

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2003TIDE said:

What do your principles say about the infant mortality rate going up when expectant mothers lose their insurance?

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day-day said:

What does this question have to do with my statement regarding people voting against their own well being?

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Military.com article said:

John Rowan, national president of Vietnam Veterans of America, said the IU cuts and the entire Trump budget proposal would "completely abandon many of the most severely disabled veterans of the Vietnam generation and could make thousands of elderly veterans homeless.""We're extremely alarmed by this budget proposal, because this is the opposite of what President Trump promised veterans," Rowan said.

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Republican Candidate Trump said:

“I’m not going to cut Social Security like every other Republican and I’m not going to cut Medicare or Medicaid.”

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TIDE-HSV said:

It's not reform. It's a grab bag of breaks for those they perceive who usually vote for them and punish those who traditionally don't. I'm particularly distressed by one provision which I believe is still in for pass-through entities, which includes me. They're disallowing business expense deductions, which will mean I'll be paying on gross income instead of net income. I don't know how you justify that, particularly when C corps will still be able to do it...

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chanson78 said:

You say it is a vote on principles.

I say it is a vote based upon broken promises.

Elderly Vets Could Face Benefits Cut Under Trump Budget



That is but one example. Medicare, Medicaid, many elderly programs will be affected.

Trump said the below in an interview. Link However, the link that used to land to a page on the trump site is no longer available.



How GOP Tax Plan Would Ruin Retirees, Underinsured

Unjust GOP budget and tax plan cuts the safety net for seniors

Are Republicans paying for tax cuts with reductions in Medicare, Medicaid?

Tax Bill Provision Would Clobber Seniors

I could get behind your premise that these are principled people who are making sacrifices for the greater good had they actually gone in and voted for Trump because he said something like "Medicaid and Medicare are unsustainable, we must cut those programs and give tax breaks to the corporations." But that isn't what happened. Not at all, and don't try and reframe their votes based upon some heightened sense of self sacrifice. They went into the election believing that they would get to keep all the money they were currently getting.

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The legislation isn’t perfect, but its critics aren’t telling the truth.

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The House and Senate tax-reform bills are open to legitimate criticism. The goal of deficit-neutrality is shattered by the $2 trillion price tag over a decade (adjusted for gimmicks). The goal of a stable, predictable tax code has been replaced with a mess of phase-ins, phase-outs, and expirations. The goal of tax simplification has taken a back seat to new tax provisions that are even more complicated than those eliminated. There is substantial room for improvement. Unfortunately, rather than offer these nuanced but justifiable criticisms, many critics are shouting outrageous and bogus claims. Here are four of the most popular.

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Bamaro said:

Now that McCain has caved its probably a done deal. More of the same, more deficit, more debt.

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With today’s release of a dynamic scoring estimate of the Senate’s version of the Tax Cuts and Jobs Act, the Joint Committee on Taxation (JCT) confirms that tax changes impact economic growth. While JCT’s estimates are positive, there is reason to believe that the tax plan would produce even greater dynamic effects than its analysis shows.

JCT estimates that the federal government would see an increase in revenue of $458 billion over the next decade from the economic growth, while growing the nation’s GDP on average by 0.8 percent. While the static cost of the bill is still estimated to be almost $1.414 trillion, the overall costs are now lower at approximately $1 trillion.

This range of estimates highlights the importance of JCT providing Congress with dynamic estimates, and reflects years of JCT’s hard work to develop this model.

However, JCT’s results should be viewed as likely underestimating the economic growth spurred by this tax bill. The range of estimates from JCT includes several important assumptions that limit its growth results, particularly, assumptions regarding the Federal Reserve’s response to potential inflation and the United States being a closed economy.

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MattinBama said:

https://www.washingtonpost.com/news...-straight-out-of-1929/?utm_term=.94fc71a73351

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