Trump says he will propose new tax cuts prior to November

[Grokmaster]

So now, Americans can have even MORE OF THEIR OWN MONEY IN THEIR POCKETS, as opposed to the Illegals over Americans, Take Back Your Tax Cuts, Pro-Iranian, Pro-North Korean, Defenders of MS13 democrats.

BRILLIANT!!!

Yeah...I'm really liking the GOP's odds in November; I think they'll do better in this Midterm than they did the LAST first-term Republican POTUS midterm in 2002..."broke the tradition" of the majority party losing seats in the first midterm.

I think the GOP will GAIN SEATS in the House, and absolutely DOMINATE the Senate elections.

Trump, once again, plays chess while the TDS left plays tiddley winks....



Trump says he will propose new tax cuts prior to November


WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he will propose new tax cuts sometime prior to November, when Republicans look to retain their control of the U.S. Congress in midterm elections.

Trump said he would meet with Republican Representative Kevin Brady, chairman of the tax-writing House Ways and Means Committee, about the proposal. He did not give any details.
"We're going to be submitting additional tax cuts sometime prior to November," Trump said in a speech to the Susan B. Anthony List, an anti-abortion group.

Trump signed a $1.5 trillion tax cut in December, the signature legislative achievement of his presidency.

The economy has been a bright spot for Republicans as they face voters in November, with unemployment dropping to a near 17-1/2-year low.



https://www.yahoo.com/news/trump-says-propose-tax-cuts-prior-november-003007671.html

[stjames1_53]

.........and the dems want to raise taxes..........If you vote for a dem, you are begging for them to take even more of your money.
Dems=more taxes............

[DGUtley]

.........and the dems want to raise taxes..........If you vote for a dem, you are begging for them to take even more of your money. Dems=more taxes............

Correction -- you are begging them to take even more of someone else's money.

[Grokmaster]

Well, thy always have the "WE Hate Trump", plank on their platform...to which they can add, "We support covering up illegal political spying by the Obama Swamp." :grin:

[Mini Me]

So bribery of the American people works!BUYING an ELECTION!

Lets just bankrupt government now, and get it over with.

Lets have armored trucks shovelling out money to the wealthy in rich neighborhoods! Why hide it anymore?

[Captdon]

Seek help.

[Mini Me]

Seek help.

So enormous deficits dont matter?

[MisterVeritis]

So enormous deficits dont matter?

Deficits. You are late to that party.

[stjames1_53]

So bribery of the American people works!BUYING an ELECTION!

Lets just bankrupt government now, and get it over with.

Lets have armored trucks shovelling out money to the wealthy in rich neighborhoods! Why hide it anymore?

How do you think Hillary was going to win? She's your idol, yet she keeps billing the DNC for her activities..........and they are so broke, they couldn't buy a roll of tp........She would have done that to the rest of America......calling us names while expecting us to pay for her rancid fricking insults
Unite States is already in bankruptcy. We were supposed to be out of it by 1995, but we have failed to keep up.

[Tahuyaman]

So enormous deficits dont matter?



The latest round of tax cuts has resulted in a record amount of revenues flowing in to government.

[spunkloaf]

These aren't tax breaks for the people who need them, they are tax breaks for the wealthiest. That is, the people who are already figuring out how to avoid paying taxes.

[stjames1_53]

These aren't tax breaks for the people who need them, they are tax breaks for the wealthiest. That is, the people who are already figuring out how to avoid paying taxes.
.......more Marxism..............."I want what you got!!!!!"

[Peter1469]

So bribery of the American people works!BUYING an ELECTION!

Lets just bankrupt government now, and get it over with.

Lets have armored trucks shovelling out money to the wealthy in rich neighborhoods! Why hide it anymore?
We have a spending problem, not a tax revenue problem.

Russia and several Eastern European nations slashed they taxes, and created flat taxes, and all had significant growth in tax revenue. I will post an article (tonight or tomorrow) about that being an option for Italy's new populist government.

[Peter1469]

These aren't tax breaks for the people who need them, they are tax breaks for the wealthiest. That is, the people who are already figuring out how to avoid paying taxes.

If you don't pay federal personal income taxes, how do you get a tax cut on your federal taxes?

[jimmyz]

These aren't tax breaks for the people who need them, they are tax breaks for the wealthiest. That is, the people who are already figuring out how to avoid paying taxes.
You must not be employed. If you were, you would have seen more net take home pay in your check from the Tax Act signed by Trump. Get a job will you.

[MisterVeritis]

These aren't tax breaks for the people who need them, they are tax breaks for the wealthiest. That is, the people who are already figuring out how to avoid paying taxes.
Fascinating. Everyone who pays taxes should see their rates reduced. I admire your enthusiasm unhindered by knowledge.

[Ransom]

These aren't tax breaks for the people who need them, they are tax breaks for the wealthiest. That is, the people who are already figuring out how to avoid paying taxes.

This the talking point heard on tv response to the tax cuts. Our latest by our friends to the north, a nation with a corporate tax cut of 15% Yes.....our current tax on corporations....was 33%....and we had Canadians weighing in.....again...theirs at 15%.....our proposal was 21 or 22%...and they were screaming about the rich getting richer.
Spunkloaf…...divvy up he tax cut, there was a corporate and an individual tax cut. Your 401k got a larger rate of return. The economy and industry resulting in lower unemployment.....yer riding a deaf horse on a wrong way path, where do you get your information? Who do use for source work?

Wow.

[spunkloaf]

If you don't pay federal personal income taxes, how do you get a tax cut on your federal taxes?

I'm giving you a thanks, because you're the only one who responded to my comment without making a personal attack on me. Thanks for being a decent human being.

[spunkloaf]

You must not be employed. If you were, you would have seen more net take home pay in your check from the Tax Act signed by Trump. Get a job will you.

I paid more in federal taxes this year, and got a smaller refund despite making more than I did last year.

[Ransom]

For the record, pointing out an obvious talking point media fed line isn't a personal attack. Nor is a genuine attempt to find out who your news sources are.

[spunkloaf]

For the record, pointing out an obvious talking point media fed line isn't a personal attack. Nor is a genuine attempt to find out who your news sources are.

Noted.

Let me know when this is applicable.

[jimmyz]

I paid more in federal taxes this year, and got a smaller refund despite making more than I did last year.

Compare this weeks net take-home on your pay-stub to last years May 25, 2017 pay-stub to see the benefit Trumps tax act has given you.

[Don]

I think we could see a lot of "I hate that mf drump and all them rethuglicans!" to their friends then will go into the voting booth where no one can see them and pull the lever for the republicans. I knew people back in the day who pretty much admitted to that when the economy was better under president Reagan.

[Cletus]

I paid more in federal taxes this year, and got a smaller refund despite making more than I did last year.

You made more than last year so you paid more in taxes than last year.

Welcome to the World.

That's the way it works. If you pay 10 Cents on the Dollar and make 1 Dollar, you will pay 10 Cents. If you make 2 Dollars the following year, it will cost you 20 Cents.
It is not rocket science.

[spunkloaf]

You made more than last year so you paid more in taxes than last year.

Welcome to the World.

That's the way it works. If you pay 10 Cents on the Dollar and make 1 Dollar, you will pay 10 Cents. If you make 2 Dollars the following year, it will cost you 20 Cents.
It is not rocket science.

Read my post again, genius.

[MisterVeritis]

I paid more in federal taxes this year, and got a smaller refund despite making more than I did last year.
The year with the tax rate reduction is this year, not last year.

[Peter1469]

I'm giving you a thanks, because you're the only one who responded to my comment without making a personal attack on me. Thanks for being a decent human being.

I try. It is a struggle some days. :smiley:

[spunkloaf]

I try. It is a struggle some days. :smiley:

It truly is. I may have to take a mini break, because it has started to eat at me a bit, and I'm losing focus on some things I should be studying for school.

[Mini Me]

How do you think Hillary was going to win? She's your idol, yet she keeps billing the DNC for her activities..........and they are so broke, they couldn't buy a roll of tp........She would have done that to the rest of America......calling us names while expecting us to pay for her rancid fricking insults


I have never been a fan of Hitlery! Nor am I an Obamunist!
Bill left Dubya a plus budget, and then Bush pissed it away on wars and a tax cut, then bankrupted the economy with his Depression and bank bailout!
Unite States is already in bankruptcy. We were supposed to be out of it by 1995, but we have failed to keep up.

[Peter1469]

W's tax cuts created then record federal tax revenues. The problem is that Congress (controlled by the GOP) spent way more than revenues.

[jimmyz]

Read my post again, genius.

You are a most emotional and disagreeable poster. I think your personal proclivities (READ... DEGENERATE PERSONAL AND UN-BIOLOGICALLY CONDUCIVE ACTIVITIES) have clouded your take on our discussion. Maybe you just are a maladjusted to survive in modernity.

[Tahuyaman]

Trump says he will propose new tax cuts prior to November
This is intended to put the Democrats into a position where they are advocating increases in taxes. That's always a winning strategy.

[Tahuyaman]

Read my post again, genius.

It was just as stupid the second time around.

[stjames1_53]

So enormous deficits dont matter?


the enormous deficits are caused by agencies operating outside of their respective budgets. Cut the staff and size of certain agencies. That reduces deficits.
Throwing more money at the problem wont fix a damned thing.................but the democrats know this.

[stjames1_53]

I paid more in federal taxes this year, and got a smaller refund despite making more than I did last year.

maybe your shift in income to a larger portion changed your tax structure. Investigate it and see if I'm right.

[Cannons Front]

These aren't tax breaks for the people who need them, they are tax breaks for the wealthiest. That is, the people who are already figuring out how to avoid paying taxes.
The individual income tax is designed to be progressive – those with higher incomes pay at higher rates. A Pew Research Center analysis of IRS data from 2015, the most recent available, shows that taxpayers with incomes of $200,000 or more paid well over half (58.8%) of federal income taxes, though they accounted for only 4.5% of all returns filed (6.8% of all taxable returns).
By contrast, taxpayers with incomes below $30,000 filed nearly 44% of all returns but paid just 1.4% of all federal income tax – in fact, two-thirds of the nearly 66 million returns filed by people in that lowest income tier owed no tax at all. http://www.pewresearch.org/fact-tank/2017/10/06/a-closer-look-at-who-does-and-doesnt-pay-u-s-income-tax/


The top 1 percent of income earners, those having an adjusted annual gross income of $480,930 or higher, pay about 39 percent of federal income taxes. That means about 892,000 Americans are stuck with paying 39 percent of all federal taxes.

The top 10 percent of income earners, those having an adjusted gross income over $138,031, pay about 70.6 percent (https://tinyurl.com/yddvee2o) of federal income taxes.
So to sum that up bout 1.7 million Americans, less than 1 percent of our population, pay 70.6 percent of federal income taxes. Is that fair, or do you think they should pay more?

[DGUtley]

The individual income tax is designed to be progressive – those with higher incomes pay at higher rates. A Pew Research Center analysis of IRS data from 2015, the most recent available, shows that taxpayers with incomes of $200,000 or more paid well over half (58.8%) of federal income taxes, though they accounted for only 4.5% of all returns filed (6.8% of all taxable returns).
By contrast, taxpayers with incomes below $30,000 filed nearly 44% of all returns but paid just 1.4% of all federal income tax – in fact, two-thirds of the nearly 66 million returns filed by people in that lowest income tier owed no tax at all. http://www.pewresearch.org/fact-tank/2017/10/06/a-closer-look-at-who-does-and-doesnt-pay-u-s-income-tax/


The top 1 percent of income earners, those having an adjusted annual gross income of $480,930 or higher, pay about 39 percent of federal income taxes. That means about 892,000 Americans are stuck with paying 39 percent of all federal taxes.

The top 10 percent of income earners, those having an adjusted gross income over $138,031, pay about 70.6 percent (https://tinyurl.com/yddvee2o) of federal income taxes.
So to sum that up bout 1.7 million Americans, less than 1 percent of our population, pay 70.6 percent of federal income taxes. Is that fair, or do you think they should pay more?

Everybody should pay income tax. Everybody should have to write a check. EVERYBODY. Nobody on the left will tell you what they think is a fair percentage for you to pay. Just know that whatever you are paying now, it is "more".

[Ransom]

Compare this weeks net take-home on your pay-stub to last years May 25, 2017 pay-stub to see the benefit Trumps tax act has given you.

Exactly

[Ransom]

Noted.

Let me know when this is applicable.

Sure. I's applicable every time you begin to whine about being 'personally attacked.' You make statements that aren't true, mimic the standard talking point CNN nonsense, and thus are being corrected...not attacked. It's your opinion we're explaining to you is a puppet of the media, Spunk, it's your lack of research and substantive content tat is being scorched. We couldn't care less for you, don't know you, this an anonymous talk forum. Where you're currently being handed your hat. By several members. You'll be ok, it's constructive debate and banter. Harmless.

[stjames1_53]

Everybody should pay income tax. Everybody should have to write a check. EVERYBODY. Nobody on the left will tell you what they think is a fair percentage for you to pay. Just know that whatever you are paying now, it is "more".

I have a different philosophy about "income taxes" The ability to tax is the ability to destroy. It makes the Citizen subject to a central power. That, in and of itself, is a contradiction of Natural Rights. Our BoR is based on Natural Rights.
Mandatory taxation is subtle slavery................and socialistic
In the beginning, the government was small because the only method for revenue was import and export duties and a tax on all whiskey. It was intended, IMO, to keep it small and confined. But we still had to finance wars. So a tax was established to pay for that war and only that war. In some states, it was voluntary. Then the 16th A was passed. Regardless of the theories, it was passed in the dead of night. An archaic ruling from SCOTUS on the matter declared that a workingman's wages shall not be taxed.
So they had to figure a way to get into our pockets and we were in a war in no time, running up the war debt. Before we got that one paid off, we were in another war, and another war, and........
We've become so accustomed to being taxed, we readily accept the illogical arguments for supporting a taxed society.
"It's for the children." "It's the right thing to do." "We have it to spare."
I could go on, but if you think about it, I'm right. The civil war freed no one. It made us slaves to a central government to which we pay tribute.
Oh, I almost forgot...don't we have an official War on Drugs?

[Tahuyaman]

Everybody should pay income tax. Everybody should have to write a check. EVERYBODY. Nobody on the left will tell you what they think is a fair percentage for you to pay. Just know that whatever you are paying now, it is "more".
I don’t believe anyone should pay income tax. The income tax should be abolished.


I would support a constitutional amendment which forbids the taxing of income.

[Peter1469]

the enormous deficits are caused by agencies operating outside of their respective budgets. Cut the staff and size of certain agencies. That reduces deficits.
Throwing more money at the problem wont fix a damned thing.................but the democrats know this.

If an agency operates outside of its budget it is breaking the law.

The deficits are caused by Congress authorizing budgets well over tax revenues.

[Peter1469]

I don’t believe anyone should pay income tax. The income tax should be abolished.


I would support a constitutional amendment which forbids the taxing of income.

The FAIR tax would be much better.

[Tahuyaman]

The FAIR tax would be much better.

We agree.

I think the act of taxing income should be illegal.

[Peter1469]

We agree.

I think the act of taxing income should be illegal.

Yes, it is counter-productive.

[DGUtley]

You are a most emotional and disagreeable poster. I think your personal proclivities (READ... DEGENERATE PERSONAL AND UN-BIOLOGICALLY CONDUCIVE ACTIVITIES) have clouded your take on our discussion. Maybe you just are a maladjusted to survive in modernity.

NOTICE - jimmyz given 24 hours in the Hole for repeated bad faith posting.