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Do you think that the Trump Tax plan will help the middle class?

Yes
No
I have no idea



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31. Noel Meyer
     (11/21/2017 1:09:10 PM)
     Message ID #294057

This message is in response to Tams Bixby ( message id #294046 )  View All Related Messages

" Trash the entire CURRENT Tax Structure (incl. ALL exemptions)"

Another example of "REPEAL & REPLACE" huh?

Didn't work so well for the Republican Party on healthcare Just like opening a Constitutional Convention- You might hope they will fix something until you find out they just want to wreck it all.

Tax Cut Plan???? Better the devil you know than the devil you don't. The simple fact that Mnuchin and the other billionaires want this plan is sufficient reason the middle class should say "NO"

" Institute a Consumption Tax (both wholesale & retail)" Isn't that the opposite of stimulating the economy?

" the ONLY exceptions being
◦Declared National Emergencies (President declares) and Declared Wars (Congress declares); and
◦Requiring the exceptions be paid back IN FULL in 10 years (from cessation)"


The war in Afghanistan has no end

Congress no longer declares war too much blame and accountability

That war on drugs didn't get the "NATIONAL EMERGENY" declaration so I guessing many national problems will not get the money needed to solve them because of that loophole.

32. Thomas C CEOExpressSelect Member
     (11/21/2017 1:38:19 PM)
     Message ID #294058

This message is in response to Michael O'Neill ( message id #294054 )  View All Related Messages

Incorrect.

Clinton slashed the Capital Gains rate from 28% to 20%, a 28.5% cut

He also changed the capital gains treatment of principle and secondary homes. Prior to '98, a married couple had a one time, lifetime exemption on a primary residence. Capital gain on secondary home was at the 28% rate after 1 year, which could be deferred for a similar asset, but your cost basis remained the original investment plus improvements.

The treasury receipts took off

33. Thomas C CEOExpressSelect Member
     (11/21/2017 1:39:03 PM)
     Message ID #294059

This message is in response to D Robb ( message id #294055 )  View All Related Messages

Income tax, he slashed capital gains 30%

34. Tams Bixby CEOExpressSelect Member
     (11/21/2017 1:40:50 PM)
     Message ID #294060

This message is in response to Noel Meyer ( message id #294057 )  View All Related Messages

Noel,

First things first ...

If it's codified (i.e. Placed into law) then it's at least easier to enforce (not that it will be but it's supposed to be);



"Another example of "REPEAL & REPLACE" huh?"

Well yeah, but isn't that the same as "changing a law that already exists" (like what happened to the military draft)???? It's just a slightly different approach to it.

---------------------

"Tax Cut Plan???? Better the devil you know than the devil you don't. The simple fact that Mnuchin and the other billionaires want this plan is sufficient reason the middle class should say "NO""

Not if you actually WANT a Tax Break. And another thing, if you re-read my original post, I DID vote "No".

---------------------

"" Institute a Consumption Tax (both wholesale & retail)" Isn't that the opposite of stimulating the economy?"

Well, for starters government has to pay for itself somehow; Second, w/ a single tax rate on EVERYTHING, then nobody gets a break; and Third, you can please some of the people some of the time, some of the people none of the time, and none of the people all of the time.

---------------------

"" the ONLY exceptions being
◦Declared National Emergencies (President declares) and Declared Wars (Congress declares); and
◦Requiring the exceptions be paid back IN FULL in 10 years (from cessation)"

The war in Afghanistan has no end

Congress no longer declares war too much blame and accountability

That war on drugs didn't get the "NATIONAL EMERGENY" declaration so I guessing many national problems will not get the money needed to solve them because of that loophole.
"

Well, if it's not "Declared as a National Emergency" or a "Declared War" then it better be budgeted, otherwise it doesn't get funded. And then in that case, maybe Congress will be forced into getting off their asses and doing their jobs. Nothing wrong w/ that. And if Congress/President doesn't want to do their jobs then "We, The People" will have another reason to stand up and say something (which won't be a bad thing either).

And "Yes", if "We, The People" are made to do their duty as well, I'm all for it. It's about time they were actually made to tow the line (WRT their civic duty) and hold their elected representatives to account as well.

Message edited by user at 11/21/2017 1:44:49 PM

35. D Robb
     (11/21/2017 1:45:32 PM)
     Message ID #294061

This message is in response to Thomas C ( message id #294059 )  View All Related Messages

So why did the Republicans call it the "largest tax increase in history"? You are good are providing incidental examples to prove your erroneous points while ignoring the overall impact of an action.
Your credibility is zero due to your alternative facts syndrome.

36. Thomas C CEOExpressSelect Member
     (11/21/2017 1:47:57 PM)
     Message ID #294062

This message is in response to Patricia Pomerleau ( message id #294041 )  View All Related Messages

The only thing that matters is....tax the crap out of the other guy.

Nobody thinks strategically when it comes to paying taxes.

Do we want a tax code for the next generation? One that better fits a global economy? Or better yet, a tax code that is more appropriate for the high tech-internet based companies that now dominate the US economy?

Depends upon your viewpoint, Macro vs. supply side. Does the government create jobs and capital, or is it private enterprise that creates capital.

37. D Robb
     (11/21/2017 1:56:22 PM)
     Message ID #294063

This message is in response to Thomas C ( message id #294062 )  View All Related Messages

I am open to listen to anything that doesn't balloon the deficit. However, since trickle down has never worked I am not going to believe anyone that tells me that it will this time.

38. Michael O'Neill
     (11/21/2017 2:06:57 PM)
     Message ID #294064

This message is in response to Thomas C ( message id #294058 )  View All Related Messages

Cherry picking. There were some cuts, overall it was a tax increase. Much like Republicans said the middle class was getting a tax cut, then they said they were AVERAGING a tax cut. You can play with words but you can't change the data.

39. D Robb
     (11/21/2017 2:19:50 PM)
     Message ID #294065

This message is in response to Michael O'Neill ( message id #294064 )  View All Related Messages

If trump really cared about the little guys that voted for him and he promised to provide jobs for he would be pushing an infrastructure bill and the tax hikes to pay for it. Rebuilding our failing roads, bridges, rail roads, electrical grids, water systems, etc., would provide a lot of jobs and the money would go right back into the economy.
Giving more money to corporations will do nothing but raise stock prices and enrich shareholders.

40. Michael O'Neill
     (11/21/2017 2:25:32 PM)
     Message ID #294066

View All Related Messages
Here's your trickle-down:
"If anyone would listen to him, Paul O'Neill thought, Dick Cheney would. The two had served together during the Ford Administration, and now as the Treasury Secretary fought a losing battle against another round of tax cuts, he figured that his longtime colleague would give him a hearing.
O'Neill had been preaching that a fiscal crisis was looming and more tax cuts would exacerbate it. But others in the White House saw a chance to capitalize on the historic Republican congressional gains in the 2002 elections. Surely, Cheney would not be so smug. He would hear O'Neill out. In an economic meeting in the Vice President's office, O'Neill started pitching, describing how the numbers showed that growing budget deficits threatened the economy. Cheney cut him off. "Reagan proved deficits don't matter," he said. O'Neill was too dumbfounded to respond. Cheney continued: "We won the midterms. This is our due."
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