GOP Corporate Tax Scam

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  1. ptosis profile image72
    ptosisposted 12 months ago

    Republicans are rushing the GOP Corporate Tax Scam through before the end of the year. Call your members of Congress at (202) 224-3121, and tell them vote NO on the tax scam!

    1. profile image0
      ahorsebackposted 12 months agoin reply to this

      Hah ,....  a little bit of economic advice from someone who can't figure out why things are starting to happen ?

      Not good at investing huh .

      1. ptosis profile image72
        ptosisposted 12 months agoin reply to this

        Never said I was good at investing. Condescending Wall Street New Yorker you. smile
        https://usercontent1.hubstatic.com/13814288.jpg

        Meanwhile, back at the swamp: Senator Bob Corker Said He Hasn’t Read The Tax Bill, Denies Changing His Vote In Exchange For Personal Tax Breaks

        SSDD

        1. Randy Godwin profile image93
          Randy Godwinposted 12 months agoin reply to this

          Both Trump and Corker will get millions in tax breaks. Probably just coincidence....   lol

          1. ptosis profile image72
            ptosisposted 12 months agoin reply to this

            tax plan’s costs could exceed $2 trillion.

            There are 7 Billion People on the planet

            Correct my math but that would be like $285 for every single living person on the planet?

            But not every single living person on the planet is going to pay for it, just USA.

            323 million people in the USA, 45% of Americans pay no federal income tax
            178 million taxpayers
            2T/178M = $11,236 per taxpayer over 10 years?
            What does it mean by 'costs' of the GOP Tax Cuts for Corporations & .01%?

            Paying for the tax cuts would require monumental reductions in spending or increases in other taxes. To offset the revenue losses  would require, for example, a 48 percent reduction in Social Security benefits or a 57 percent cut in Medicare benefits.

            I got the example cut from the last time Republicans tried this Tax Scam, 2004 @ https://www.brookings.edu/articles/the- … -tax-cuts/

            1. profile image0
              ahorsebackposted 12 months agoin reply to this

              Okay , Lets start at the front page , 1+1= 2...........just how does a tax cut "cost " anyone but liberals who apparently cannot add or subtract?   When taxes are cut , you pay less , I pay less , the revenue taken from us is less , the government then has less to spend and so spends less .

              Oh , I get it ,  No more free cell Obama phones ,   no more career college students who get it all for free , no more  free health care for those who've never paid for it to begin with .

              Lets just switch your tax cut "cost " for my   no more free-bees for all  .

              1. ptosis profile image72
                ptosisposted 12 months agoin reply to this

                Are you saying that the Brookings Institution Think tank is all wrong?
                Why waste you incredible talents here on HP?

                https://pbs.twimg.com/media/DRJJBVrVoAEANem.jpg

                1. profile image0
                  ahorsebackposted 12 months agoin reply to this

                  Yes ,  without cuts in government spending waste  we should all worry about tax cuts ! But the incredible waste's of the federal spending levels invented  and maintained by Democrats  for one , only prove that it can be done .  The federal government costs and spends too much .
                  Why does the left NEVER admit this ?
                  Because they want continued entitlement spending and so to maintain that the waste !

                  Jack Nickolson said it best  .... "The left can't handle the truth "!

                  1. ptosis profile image72
                    ptosisposted 12 months agoin reply to this

                    In the process of twisting reality to fit your own paradigm, you misquoted Jack Nicholson (not 'Nickolson').  Your point is a blunt object.

                    Why do poor white Republicans vote against themselves?


                    https://www.salon.com/2014/07/16/i_was_ … _of_shame/ 

                    Coming from the white working class, I’d always been taught that food stamps were for the “others” — failures, drug addicts or immigrants, maybe — not for real Americans like me. I felt my own poverty was a moral failure. 

                    To make up for my own failures, I voted to give rich people tax cuts, because somewhere deep inside, I knew they were better than me.  They earned it.  My support for conservative politics was atonement for the original sin of being white trash.

                    The financial crisis proved that rich people are no better than me, and in fact, are often inferior to average people.  They crash companies, loot pensions and destroy banks, and when they hit a snag, they scream to be rescued by government largess.

                    They vote against their own interests, often hurting themselves in concrete ways, in a vain attempt to deal with their own, misguided shame about being poor. 


                    https://usercontent2.hubstatic.com/13830199.jpg

            2. wilderness profile image98
              wildernessposted 12 months agoin reply to this

              Fascinating how just a little word change here and there, a little information left out, can change the whole picture, isn't it?

              The CBO estimated a rise in debt of 1.7T.  Given that the plan was tweaked later, with more loopholes and deductions left in, it might be 2T now.  That's 2T over 10 years (which you didn't mention), or a deficit of 200B per year.

              But now comes the fun part.  Current deficit is 666B and has been rising for years.  It's been a long time since we saw anything under 500B.  So when we go from 666B to 200B it's really, really hard to describe the action as "costing" anything at all.  Yes, the debit will rise by 200B, but it's saving 466B while we do it.

              All in how it's spun, isn't it?

  2. ptosis profile image72
    ptosisposted 12 months ago

    Just a few hours from now, the House will vote on Donald Trump's biggest scam yet.

    The bill guts Obamacare, sending premiums skyrocketing and kicking 13 million Americans off their health care. It raises taxes on tens of millions of middle-class families, slashes tens of billions of dollars from Medicare, and specifically punishes voters in blue states and cities that invest the most in their schools and communities.

    It does all this to pay for trillions of dollars in tax breaks for the rich and right-wing special interests – including one last-minute change that will put millions of dollars directly into Donald Trump and top GOP senators' pockets.

    This is our last chance to stop Trump's crooked tax deal before it reaches the Senate: Tell Congress to REJECT Trump's tax scam and start over


    https://www.senate.gov/general/contact_ … rs_cfm.cfm

    1. wilderness profile image98
      wildernessposted 12 months agoin reply to this

      "The bill guts Obamacare, sending premiums skyrocketing and kicking 13 million Americans off their health care."

      Don't you mean that 13 million Americans are no longer being forced to buy something they don't want, don't need and can't afford?  Whereupon the excessive money they are being charged is no longer available to subsidize others?

      And if it raises taxes on "tens of millions" of middle class workers (doubtful, but possible) you might mention that it lowers taxes on 70% of the middle class.  You might also add that the "punishment" of blue states and cities is to have their subsidy for spending what they cannot afford being removed from the backs of red states and cities.

      Honesty and the whole story is always the best policy, don't you think?

  3. profile image0
    ahorsebackposted 12 months ago

    The left will never admit this ,   They would collectively rather the government take all our earnings and return them equally to all others but --directly at a scale reflective of personal wealth ---the rich get little return and the poor get more .  The higher those taxes go the better that everyone benefits .

    Wealth redistribution . Simple and true .

    Now , whichever way an economic policy goes , It had better fit the above formula !

 
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