Today
Supporters and protesters gather before President Trump visits St. Charles
http://www.kmov.com/story/36954539/e...-to-st-charles
http://fox2now.com/2017/11/29/suppor...ts-st-charles/
Today
Supporters and protesters gather before President Trump visits St. Charles
http://www.kmov.com/story/36954539/e...-to-st-charles
http://fox2now.com/2017/11/29/suppor...ts-st-charles/
'How and Why ?' ~ Einstein
De Oppresso Liber
These people still don't know why Trump won?.....lol.... amazing.
Grokmaster (11-29-2017)
LOL
FACT CHECK: President Trump's Tax Speech In Missouri
https://www.npr.org/2017/11/29/56735...ch-in-missouri
President Trump traveled to St. Charles, Mo., on Wednesday to promote the GOP tax plan now facing a possible vote in the Senate by the end of the week. He also spoke more generally about his record during his first year in office.
"I will tell you this in a non-braggadocious way," Trump said.
"There has never been a 10-month president that has accomplished what we have accomplished."
Here's a closer look at some of the president's claims.
CLAIM: The GOP tax plan is primarily aimed at workers on the lower rungs of the income ladder.
"Our focus is on helping the folks who work in the mailrooms and the machine shops of America," Trump said.
"The plumbers, the carpenters, the cops, the teachers, the truck drivers, the pipe fitters.
The people that like me best."
Some elements of the GOP plan would benefit such workers, including a larger standard deduction and an expanded child tax credit.
But blue-collar workers are hardly the bill's main focus.
According to the nonpartisan Tax Policy Center, less than 20 percent of the total tax savings in 2019 would go to workers making $87,400 or less (the bottom 60 percent of the income distribution).
These workers fare even worse after 2025, when the individual tax cuts in the Senate bill are set to expire.
By 2027, people making less than $54,700 would see a tax increase under the Senate bill, while those making between $54,700 and $93,200 would see a modest cut, accounting for less than 3 percent of the bill's total tax savings.
CLAIM: The GOP tax plan is hard on rich people, like President Trump.
"This is going to cost me a fortune, this thing, believe me. This is not good for me," Trump said.
"I have some very wealthy friends, not so happy with me.
But that's OK."
Upper-income taxpayers would be the biggest beneficiaries of the GOP plans to reduce the corporate tax rate to 20 percent from 35 percent and to lower taxes on so-called pass-through companies, which are taxed at the individual rate.
They would also benefit from elimination of the alternative minimum tax and their heirs would benefit from a higher threshold on the inheritance tax.
According to the Tax Policy Center, 63 percent of the total savings from the Senate bill in 2019 would go to taxpayers earning more than $150,100 (the top 20 percent of earners), while nearly a quarter would go to the top 5 percent — people making upwards of $303,200.
Top earners do even better after 2025, when the individual tax cuts expire but other provisions continue.
By 2027, 90 percent of the total tax savings go to people making more than $154,900 (the top 20 percent of earners) and nearly 62 percent go to the top 1 percent — people making more than $912,100.
Last edited by exotix; 11-29-2017 at 09:05 PM.
'How and Why ?' ~ Einstein
Lol. Show me on the doll where it hurts.
National Proletariate Radio? Clueless as always...and inserting MADEUP BULL$#@! SCENARIOS to try to peddle their lies.
After this passes, Americans will be thrilled, which is the REAL REASON the TAXOCRATS ARE FREAKING OUT.....
good fellas laugh.jpg
De Oppresso Liber
'How and Why ?' ~ Einstein