Trump's tax reform

[phonehome]

And recent reports say that he has no where near the 10 billion he claimed less than 2 years ago, state that he is barely a "billionaire" if one at all.

Mark Cuban who is an honest to god real billionaire stated last year that as best he can determine his total net worth, assets less liabilities and none of this "my name is worth X " bullshit included is no more than 500 million.

It is well reported and he has never denied it that he owes Deutche bank alone over 400 million and has owed then that amount for YEARS now.

 

[deleted15807]

Robbing from the poor and putting it into the pockets of the mega-wealthy. They just can't help themselves as the big donors do own them.

McConnell 'misspoke' on claim that no one in middle class would get tax increase

Two words in the GOP tax bill mean tens of billions for the superwealthy​

 

[ozwestcoastboy]

 

[deleted15807]

The verdict is in and it's no surprise. They've been patiently waiting for his moment for decades to really rob from the undeserving poor to the deserving rich.

Senate tax bill cuts taxes of wealthy and hikes taxes on families earning under $75,000 over a decade

 

[TurkeyWithaSunburn]

Wall Street Journal:
How a New Inflation Measure Raises Taxes on the Middle Class

Awesome sauce! Use this method and it produces a lower inflation rate! The lower the inflation rate the more "growth" can happen. While the method may have merits, why insert it into a giant bill instead of debating it on it's own? The lower the inflation rate the less the cost of living adjustment that Social Security recipients get. Have to save every penny to offset the cuts for multimillionaires.

 

[deleted15807]

Then sometimes you get caught red handed.

This remarkable, angry exchange between senators unmasks the GOP’s tax-cut lies
Multiple Republicans have admitted on the record that if Republicans don’t pass these tax cuts, their donors will stop giving them money.​

 

[b.c.]

"Republicans have crammed a little clause into their #BillionairesFirst tax bill that has little to do with taxes, but is a huge giveaway to the religious right. FromThe Hill:

The House Republican tax bill released Thursday would allow churches to endorse political candidates, rolling back a 1950s-era law that bars such activities."

Fine print: GOP tax bill repeals a law barring churches from endorsing political candidates

"We know that the Republican “tax reform” plan is a budget-busting gift to the wealthy. We know that the so-called middle-class tax cuts actually raise taxes on many middle-class families and that the Republicans are happy to stick it to the blue states out of spite. But there are some other insidious items included in the plan that make it even worse, as USA Today reports."

The Republican Tax Plan Is Even Worse Than You Thought
Tax plan: 15 things in the bill's fine print that could affect you

"Sen. Sherrod Brown (D-Ohio) engaged in extended sparring with committee chairman Orrin G. Hatch (R-Utah) over who would benefit from the Senate bill, with Brown insisting that it fundamentally represents a tax cut for the rich and not the middle class. This drew an enraged response from Hatch, even though Brown’s argument was 100 percent correct:

Brown pointed out: “Companies don’t just give away higher wages just because they have more money. Corporations are sitting on a lot of money now. They’re sitting on a lot of profits now. I don’t see wages going up. Just spare us the bank shots.”

This remarkable, angry exchange between senators unmasks the GOP’s tax-cut lies - The Washington Post

Though needless to say, Trump & Co. will make off like fat rats, according to the NBC News report:

​

 

[b.c.]

GOP overhaul targets widely used tax break The tax reform plan would eliminate or curtail a popular deduction used by more than a quarter of all filers in a majority of states, including many led by Republicans. Standard deduction would increase »[URL='https://www.yahoo.com/news/tax-filers-most-states-claim-deduction-targeted-gop-143548715.html']GOP overhaul targets widely used tax break The tax reform plan would eliminate or curtail a popular deduction used by more than a quarter of all filers in a majority of states, including many led by Republicans. Standard deduction would increase »[/URL]

 

[deleted15807]

GOP overhaul targets widely used tax break The tax reform plan would eliminate or curtail a popular deduction used by more than a quarter of all filers in a majority of states, including many led by Republicans. Standard deduction would increase »GOP overhaul targets widely used tax break The tax reform plan would eliminate or curtail a popular deduction used by more than a quarter of all filers in a majority of states, including many led by Republicans. Standard deduction would increase »

Like the ObamaCare repeal attempt they are trying to slam it through before a) no one knows what's actually in it and b) no time to mobilize against it. Each time they hope in just a matter of one or two weeks that have successfully a) damned millions to hell with no health insurance and b) damned tens of millions to higher taxes to pay for the tax breaks promised to their rich donors. As the New York Times calls the bill "cartoonishly evil".

 

[b.c.]

GOP Senate adds last-second provision to guarantee Americans NEVER benefit from their tax scheme
https://www.dailykos.com/stories/20...Americans-NEVER-Benefit-From-Their-Tax-Scheme

 

[b.c.]

You know, after awhile you get tired of bringing this kind of information to light. Especially since Trump voters, supporters, apologists, and many conservatives in general don't want to hear it, because they DON'T want to know, because KNOWING means they've been SUCKERED.

Rather than admit it, they'd prefer to turn a blind eye, call it "fake news," try to defend it via some kind of bullshit rationalization, and then they dig in... hell bent on spiting their faces via steadfast and continued support of the Trump clown show.

So instead of trying to TELL 'em, one reaches the point where one starts thinking of just sitting back and watching these dumb fuckers GET fucked by the guy THEY elected.

For instance:

"If you’re one of those white working-class voters who propelled Donald Trump into the presidency and gave Republicans total control of Washington, the GOP has a message for you: Sucker!

Today the House will pass its version of a tax reform bill, and if and when the Senate passes its version, the two will be combined in a final bill that will most likely wind up becoming law. We already knew that the House version would raise taxes on tens of millions of Americans — about 36 million, according to figures from the Joint Committee on Taxation, whose job it is to analyze tax bills before they’re voted on. Now we’re learning more about the Senate version:

The tax bill Senate Republicans are championing would give large tax cuts to millionaires while raising taxes on American families earning $10,000 to $75,000 over the next decade, according to an analysis released Thursday by the Joint Committee on Taxation, Congress’ official nonpartisan analysts."

The GOP tax plan is moving forward. It’s a big scam on Trump’s base. - The Washington Post

Or how about the homeowners featured in this clip from last night's NBC Nightly News. Gotta wonder if THEY voted for Trump:

 

[deleted15807]

You know, after awhile you get tired of bringing this kind of information to light. Especially since Trump voters, supporters, apologists, and many conservatives in general don't want to hear it, because they DON'T want to know, because KNOWING means they've been SUCKERED.

Rather than admit it, they'd prefer to turn a blind eye, call it "fake news," try to defend it via some kind of bullshit rationalization, and then they dig in... hell bent on spiting their faces via steadfast and continued support of the Trump clown show.

So instead of trying to TELL 'em, one reaches the point where one starts thinking of just sitting back and watching these dumb fuckers GET fucked by the guy THEY elected.

For instance:

"If you’re one of those white working-class voters who propelled Donald Trump into the presidency and gave Republicans total control of Washington, the GOP has a message for you: Sucker!

Today the House will pass its version of a tax reform bill, and if and when the Senate passes its version, the two will be combined in a final bill that will most likely wind up becoming law. We already knew that the House version would raise taxes on tens of millions of Americans — about 36 million, according to figures from the Joint Committee on Taxation, whose job it is to analyze tax bills before they’re voted on. Now we’re learning more about the Senate version:

The tax bill Senate Republicans are championing would give large tax cuts to millionaires while raising taxes on American families earning $10,000 to $75,000 over the next decade, according to an analysis released Thursday by the Joint Committee on Taxation, Congress’ official nonpartisan analysts."

The GOP tax plan is moving forward. It’s a big scam on Trump’s base. - The Washington Post

Or how about the homeowners featured in this clip from last night's NBC Nightly News. Gotta wonder if THEY voted for Trump:

What they're shocked shocked the con-artist they fell for would actually con them? They better open their wallets wide to pay the oligarchs that own and run the world.

Can Trump and his party actually say it any louder "FUCK YOU AMERICA!!!"

Deeply unpopular Congress aims to pass deeply unpopular bill for deeply unpopular president to sign ​

 

[TurkeyWithaSunburn]

N.Y. Times editorial board issues rare call to action to oppose GOP tax bill

The New York Times editorial board openly urged voters to contact their congressional representatives to express opposition to the Senate GOP tax reform bill on Wednesday, a rare move by one of the most prominent editorial boards in the country.

In a series of tweets, the account listed the phone numbers for the congressional offices of several key Republican senators in the ongoing debate over the GOP tax bill. They included Sens. Jeff Flake and John McCain of Arizona, Susan Collins of Maine, Lisa Murkowski of Alaska, Bob Corker of Tennessee, James Lankford of Oklahoma and Jerry Moran of Kansas.

Wow, just wow.

 

[deleted15807]

N.Y. Times editorial board issues rare call to action to oppose GOP tax bill
Wow, just wow.

The Republican Party is nothing more than jihadists for the rich. WIlling to give their lives to continue funnelling all a nation's wealth into the hands of the already extraordinarily wealthy. It's happened before:

Yet the plain fact that the trickle-down approach has never worked leaves Republicans unfazed. The GOP has been singing from the Market-is-God hymnal for well over a century, telling us that deregulation, tax cuts for the rich, and the concentration of ever more wealth in the bloated accounts of the richest people will result in prosperity for the rest of us. The party is now trying to pass a scam that throws a few crumbs to the middle class (temporarily — millions of middle-class Americans will soon see a tax hike if the bill is enacted) while heaping benefits on the super-rich, multiplying the national debt and endangering the American economy.

I’m a Depression historian. The GOP tax bill is straight out of 1929.​

 

[b.c.]

And let us not forget that this bill (which also has little provisos tucked within - like letting churches be more politically evolved... surprise surprise) is being crammed through with absolutely NO public hearing or debate. NADA.

Here's more on who is getting the shaft:

Senate GOP tax bill hurts the poor more than originally thought, CBO finds - The Washington Post

CBO: Republican tax plan would trigger big cuts to Medicare | MSNBC

​

 

[Max_Polo]

CBO: Republican tax plan would trigger big cuts to Medicare | MSNBC

If MSNBC is to be trusted, the general fund and entitlement funds are indistinguishable. Paging Matt Lauer...

And, we should recall that the passage of Obamacare (costing "only" $800B over the first fraudulent decade) relied on decreasing Medicare spend by $500B over that decade as well.

They're all a bunch of liars and crooks.

 

[deleted15807]

Here's more on who is getting the shaft:

Senate GOP tax bill hurts the poor more than originally thought, CBO finds - The Washington Post

Republicans have two great fears. First, the fear that they may be a rich person out there with insufficient wealth and, second, that there is a poor person with insufficient misery. This bill attacks both problems at the same time.

 

[phonehome]

And that 500 billion meant NOTHING to Medicare recipients that were NOT on "medicare advantage"

It also meant NOTHING to Medicare recipients who were ALREADY on "Medicare advantage"

It was ONLY "projected savings" that were to come as result of "slowing the growth" of "Medicare Advantage" which on a recipient basis costs the Federal Government MORE money that a recipient who has just traditional 80/20 Medicare or that plus "supplemental insurance" to cover that 20%

The last figures I saw on that said that on per recipient basis "Medicare Advantage" cost the Federal Government 14% MORE.

Why should the Federal government WANT THAT.

I know the argument you always hear is "well Medicare Advantage offers all this great stuff, Vision dental, gym memberships and what not", that most supplemental plans do not. OK fine, if you want those things then PAY FOR THEM.

Before you come back with the "they were paying for it for all those years they worked.

NO they were NOT.

Their MICA withholding was exactly the same as some one who has just 80/20 Medicare or that plus a supplemental plan.

If they had been paying in 14% for all those years then the Federal Government paying out 14% more for Medicare Advantage" for them then that argument would have some merit, but they were NOT.

It would be like if their was such a thing as "Social Security Advantage" that offered all this extra stuff and cost the Federal Government 14% more per person even though those people's FICA withholding for all those years had been the same as the people who are on just plain old "Social Security"

 

[b.c.]

Republicans have two great fears. First, the fear that they may be a rich person out there with insufficient wealth and, second, that there is a poor person with insufficient misery. This bill attacks both problems at the same time.

It's government by deception and subterfuge. Why else would the GOP keep trying to sneak bills past the American public without debate? They tried how many times to kill Obamacare now? But leave it to these b------------- to finagle a way to slip it in ANYWAY. After all, what does the CBO know? The GOP sure as HELL can't let a little thing like truth and FACTS stop them:

"The latest maneuver to kill the Affordable Care Act, which President Trump has repeatedly described, inaccurately, as a “disaster,” may be the most deceptive ploy yet by Republicans obsessed with dismantling a singular success of President Obama."

"GOP leaders in the U.S. Senate now say that in their tax reform proposals, they’re going to include a repeal of the “individual mandate” in the Affordable Care Act, which penalizes people who do not have health insurance. It’s an important cornerstone of the ACA, and without it, some 13 million Americans would not have health insurance."

Republicans roll killing Obamacare mandate into tax plan | News & Observer


"Republicans in Congress are rushing headlong toward voting for one of the biggest tax cuts in American history, with bills slashing taxes for corporations and the wealthiest Americans.

Along the way, however, they hit a speed bump. The tax legislation rules prohibit them from increasing the deficit by more than $1.5 trillion. That limit would keep them from, for example, permanently cutting corporate taxes."

"So Senate Republicans found a way to add another $318 billion to their tax cuts, and it is diabolical in its genius: Kill Obamacare's mandate requiring people to obtain health insurance.Such a repeal would increase the number of uninsured by 13 million and raise premiums for everyone in the individual market.And it would also allow congressional Republicans to do something they could not do all summer -- deal a major blow to Obamacare."

GOP's genius plan to pay for tax cut for wealthy? Kill Obamacare - CNN

 

[halcyondays]

DJIA jumped 331 to 24,272. Oo oo ooo... bubble gonna burst...