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Thread: Why cut taxes?

  1. #421

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    Quote Originally Posted by Jarid in Cedar View Post
    When Paul Ryan took the house leadership, I watched an interview where he said that the government we basically an army, retirement plan(social security) and a health plan(Medicare).

    So all of the barking about entitlements is just that. All of the rest of the budget (and entitlements) was an insignificant amount in the big picture.

    So unless Congress is willing to attack military spending, Medicare, or social security, (and they aren't)...nothing of real significance will happen will lowering spending.

    Ryan has always talking about smashing SS and medicare. His a big Ayn Rand devotee.
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  2. #422
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    Hatch is now trolling the libs:

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    Quote Originally Posted by Uncle Ted View Post
    Hatch is now trolling the libs:

    Uncle Ted a fan of Trump’s biggest butt kisser. I am shocked!
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  4. #424
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    Quote Originally Posted by Moliere View Post
    http://www.businessinsider.com/trump...loyees-2017-12



    Maybe ATT is being nice to its employees or maybe they are just trying to find a way to get the Trump administration to back off of its disapproval of the Time Warner merger.


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    "If we do nothing we'll be substantially behind (other Power leagues) a decade from now." -Bob Bowlsby on Big 12 expansion.
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  5. #425
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    The republicans are raiding the "national treasury"!

    "If there is one thing I am, it's always right." -Ted Nugent.
    "I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
    "I never preached in Texas, but I have preached in places as wicked..." -Brigham Young.
    "If we do nothing we'll be substantially behind (other Power leagues) a decade from now." -Bob Bowlsby on Big 12 expansion.
    GIVE 'EM HELL, BRIGHAM!

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    Quote Originally Posted by Uncle Ted View Post
    The republicans are raiding the "national treasury"!

    Lloyd.jpg

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    Quote Originally Posted by Jarid in Cedar View Post
    When Paul Ryan took the house leadership, I watched an interview where he said that the government we basically an army, retirement plan(social security) and a health plan(Medicare).

    So all of the barking about entitlements is just that. All of the rest of the budget (and entitlements) was an insignificant amount in the big picture.

    So unless Congress is willing to attack military spending, Medicare, or social security, (and they aren't)...nothing of real significance will happen will lowering spending.
    This is true. The only remaining area to cut are federal employees but those cuts won't be enough to balance the budget. There is no political will to cut any of these areas.
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    Quote Originally Posted by Jeff Lebowski View Post
    What if there is a tax break that only benefits one group?
    There are lots of tax breaks like that. I'm not sure what you point is. I would like to see a much simpler tax code that eliminates breaks that favor few.

    Quote Originally Posted by Jarid in Cedar View Post
    When Paul Ryan took the house leadership, I watched an interview where he said that the government we basically an army, retirement plan(social security) and a health plan(Medicare).

    So all of the barking about entitlements is just that. All of the rest of the budget (and entitlements) was an insignificant amount in the big picture.

    So unless Congress is willing to attack military spending, Medicare, or social security, (and they aren't)...nothing of real significance will happen will lowering spending.
    Entitlements typically means SS/Medicare and federal employee pensions, i.e. benefits that are required to be paid in the future by law. Discretionary spending is year to year budget and appropriations. Definitions aside, I agree with you point completely. Non-defense discretionary spending is complained about far too much for its influence on our fiscal crisis. From foreign aid to food stamps to the Dept of Education, these aren't the things that are bankrupting us. We should obviously strive to make non-defense discretionary spending more efficient, but any talk of solving the budget crisis without defense and entitlement spending is empty. I hate the term grand bargain, but that's what it is going to take. A group of people from both sides that agree to real reform in entitlements coupled with a real reduction in defense spending. Only when both sides feel like they lost are we going to win.

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    Quote Originally Posted by Omaha 680 View Post
    There are lots of tax breaks like that. I'm not sure what you point is. I would like to see a much simpler tax code that eliminates breaks that favor few.
    In my experience, when people refer to a tax cut as some kind of "handout" it is generally in the context of a cut that seems unfairly biased to a particular group or demographic. Handout is probably the wrong word, but I understand the sentiment.

    Of course, it would be impossible to come up with a cut that people universally accept as fair.
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    Quote Originally Posted by Omaha 680 View Post
    There are lots of tax breaks like that. I'm not sure what you point is. I would like to see a much simpler tax code that eliminates breaks that favor few.



    Entitlements typically means SS/Medicare and federal employee pensions, i.e. benefits that are required to be paid in the future by law. Discretionary spending is year to year budget and appropriations. Definitions aside, I agree with you point completely. Non-defense discretionary spending is complained about far too much for its influence on our fiscal crisis. From foreign aid to food stamps to the Dept of Education, these aren't the things that are bankrupting us. We should obviously strive to make non-defense discretionary spending more efficient, but any talk of solving the budget crisis without defense and entitlement spending is empty. I hate the term grand bargain, but that's what it is going to take. A group of people from both sides that agree to real reform in entitlements coupled with a real reduction in defense spending. Only when both sides feel like they lost are we going to win.
    In general I agree with this. Even though I agree with some fo Trump's foreign policy changes (as discussed elsewhere, a good example was the approach to ISIS which seems to have worked fairly well, even if there had to be some cooperation with those freaking Russians to do it), I generally fear them because we simply cannot afford any more wars or entanglements. We cant even afford the ones we are currently in. We need to retrench and to do so significantly.
    PLesa excuse the tpyos.

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    Apparently Clint doesn't care that he is paying more taxes (and people will die)...

    "If there is one thing I am, it's always right." -Ted Nugent.
    "I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
    "I never preached in Texas, but I have preached in places as wicked..." -Brigham Young.
    "If we do nothing we'll be substantially behind (other Power leagues) a decade from now." -Bob Bowlsby on Big 12 expansion.
    GIVE 'EM HELL, BRIGHAM!

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    Quote Originally Posted by Uncle Ted View Post
    Apparently Clint doesn't care that he is paying more taxes (and people will die)...

    Bar none!

    "Socialism is not bad IMHO" - byu71
    "There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
    "It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.

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    Quote Originally Posted by Uncle Ted View Post
    Apparently Clint doesn't care that he is paying more taxes (and people will die)...

    Just FTR, that is not really Clint Eastwood. Lest some be vexed and annoyed.
    PLesa excuse the tpyos.

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    Quote Originally Posted by creekster View Post
    Just FTR, that is not really Clint Eastwood. Lest some be vexed and annoyed.
    More fake news from Uncle Ted.
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  15. #435
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    Quote Originally Posted by creekster View Post
    Just FTR, that is not really Clint Eastwood. Lest some be vexed and annoyed.
    Clint Eastwood is a Russian Hacker!?!
    "If there is one thing I am, it's always right." -Ted Nugent.
    "I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
    "I never preached in Texas, but I have preached in places as wicked..." -Brigham Young.
    "If we do nothing we'll be substantially behind (other Power leagues) a decade from now." -Bob Bowlsby on Big 12 expansion.
    GIVE 'EM HELL, BRIGHAM!

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    Quote Originally Posted by Uncle Ted View Post
    Clint Eastwood is a Russian Hacker!?!
    I tell you, no one is safe.
    PLesa excuse the tpyos.

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    The rich deserve to keep more of their money! The poor things.

    From the WSJ:

    "Socialism is not bad IMHO" - byu71
    "There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
    "It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.

  18. #438
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    Quote Originally Posted by Jeff Lebowski View Post
    The rich deserve to keep more of their money! The poor things.

    From the WSJ:

    How does actual income level look for these?

    I'm just wondering what is causing the difference. Is the Bottom 50% income still going up, just not as fast as the Top 1%?

    It is a problem either way. I'm just curious.

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    Our CEO sent out an email today saying that ~145K employees will be getting a $1,000 bonus by the end of the year because of the tax cuts. I don't get one.

  20. #440
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    Quote Originally Posted by Jeff Lebowski View Post
    The rich deserve to keep more of their money! The poor things.

    From the WSJ:

    If only there were a way for the bottom 50% to vote people into office that would represent them.


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    Quote Originally Posted by Clark Addison View Post
    Our CEO sent out an email today saying that ~145K employees will be getting a $1,000 bonus by the end of the year because of the tax cuts. I don't get one.
    Dude, that is a ripoff. You deserve your handout!
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  22. #442
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    Quote Originally Posted by Jeff Lebowski View Post
    Dude, that is a ripoff. You deserve your handout!
    Thank you! Please share your opinion at:

    Brian Moynihan
    Bank of America
    100 N Tryon St
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  23. #443

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    maybe you can get cousin eddie to kidnap him on christmas eve
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  24. #444
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    Quote Originally Posted by Jeff Lebowski View Post
    The rich deserve to keep more of their money! The poor things.

    From the WSJ:

    Obama.

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  25. #445

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    President Trump went to the "Winter White House," his Mar-a-Lago resort in Florida, on Friday, where CBS News reports he told friends dining at his club, "You all just got a lot richer" because of the GOP tax overhaul he'd signed several hours earlier. Two sources at a nearby table described the comments to CBS.

    In public statements before the bill became law, Trump repeatedly claimed he, as a wealthy person, would take a financial hit so that ordinary Americans could pay lower taxes. In April, Trump said he would "probably pay more" after the reform, and in November he said he'd be a "big loser" and lose "a fortune." Since the legislation was finalized, analysis has shown Trump will save millions annually under the new system. Bonnie Kristian

    http://theweek.com/speedreads/745170...hanks-tax-bill
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    Frank, it's Christmas Eve. I'm worried about your stress level. Relax and enjoy Christmas and skip all the Trump stuff for the next two days. You can start blasting the vile man again come Tuesday.

    Love,

    BigFatMeanie

  27. #447

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    Quote Originally Posted by BigFatMeanie View Post
    Frank, it's Christmas Eve. I'm worried about your stress level. Relax and enjoy Christmas and skip all the Trump stuff for the next two days. You can start blasting the vile man again come Tuesday.

    Love,

    BigFatMeanie
    Merry Christmas BFM
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  28. #448
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    "Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf

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    Quote Originally Posted by Moliere View Post
    LOL. Bernie sponsor legislation? GTFO. He's too transformational to be bothered with that kind of stuff.

  30. #450
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    https://www.nytimes.com/2018/01/03/o...-tax.html?_r=0

    There are three approaches state officials could use to undercut the tax law. First, they could encourage families to donate money to the state government by offering them a credit for those gifts against state income taxes. The idea would be to turn state taxes into charitable donations that are deductible against the federal income tax. This might sound like a gimmick that the Internal Revenue Service could easily shut down. But David Kamin, a law professor at New York University, says there is precedent supporting such a policy. For example, some states offer tax credits to people who donate money to private schools, and these donations also qualify for the federal charity deduction.


    Under the second approach, which is advocated by the economist Dean Baker, state governments would replace their income taxes with payroll taxes paid by employers. Those kinds of taxes — like the one for unemployment insurance coverage — are deductible for businesses under the Republican tax law. That switch would mean that employers could pay their workers less, but take-home pay would stay the same because employees wouldn’t be on the hook for paying state income taxes.


    The third approach is for states to file a lawsuit challenging the constitutionality of the tax law. Mr. Cuomo said on Wednesday that he would file such a suit, claiming that the provision limiting deductibility of state and local taxes amounts to double taxation. Other officials, including the governor-elect of New Jersey, Phil Murphy, are considering similar legal action.
    "Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf

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