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polster2 November 17th, 2017 3:48pm

In a report released on Thursday, the Joint Committee on Taxation said that the Senate GOP tax plan would only hike taxes on those making less than $75k by the year by 2027. Those making between $20k and $30k would see a 25% tax increase that year.

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ozzy
11/18/17 5:53 am

Um. P2, that would be the 10th year, the year that the rates would revert back to current rates. So basically it is what we are changing away from that hurts low income families.
Mic drop 💥

polster2 US
11/18/17 7:38 am

So, why do the tax cuts for the rich extend beyond 10 years?

shygal47 Florida east coast
11/17/17 8:04 pm

More voodoo economics from the GOP.

Reply
lj74
11/17/17 11:03 am

More democrat political BS. Read the entire article.

Reply
polster2 US
11/17/17 11:04 am

Republicans say it’s due to Senate rules, but it’s still an awful bill which will balloon the deficit.

Jazzy5 USA
11/17/17 1:54 pm

After BO and his 9 trillion, everyone is concerned????

polster2 US
11/17/17 3:43 pm

Congress has the power of the purse.

lj74
11/17/17 4:07 pm

If the Dems block tax reform they are finished. “Ballooning the deficit” is a horse s—t answer after 8 years of welfare Barry. Meaningless. Plus it gives the people that need it a tax break.
And before you hyperventilate, the rich get a tax break too. Do what?! 40%+ of the poor don’t pay any federal taxes anyway; they just get the entitlements.

Carolynn new jersey
11/17/17 4:39 pm

Are you not aware that Obama reduced the deficit by half?

bartman71 USW
11/17/17 6:35 pm

No they are not. I doubt sometimes they know the difference between budget deficit, and debt.

ozzy
11/18/17 5:55 am

P2: Congress has the purse, but there was no budget passed for 8 years, so no controls. Boehner and the swamp were too scared to cross obama for fear of being called racist. That’s how 10+Trillion were spent (for no benefit)

ozzy
11/18/17 5:57 am

Carolyn: Lowering the deficit was due to sequester (the non deal between dem and rep), and after obama tripled the deficit.
Also remember: deficit is annual over budget amount, debt is the cumulative amount.

polster2 US
11/18/17 7:41 am

Ozzy...Thanks for admitting that Republicans were to blame.

Carolynn new jersey
11/18/17 8:17 am

Ozzy, it's not accurate to say that Obama tripled the deficit. The deficit reached over 1 trillion due to the stimulus spending of both Bush Jr and Obama. In fiscal year 2009, the deficit reached 1.16 trillion, but remember that fiscal year is Bush's last (up to October). Obama contributed $253 billion with his stimulus package.

ozzy
11/18/17 9:13 am

I count from Election to Election, not inauguration to inauguration. Either way 2009 was obama and the bad policies that came with him.

And yes. Republicans suck. That’s why I am a libertarian.

ozzy
11/18/17 9:13 am

And have been since HW

Carolynn new jersey
11/18/17 9:24 am

If you are analyzing the deficit and debt, you have to go by fiscal year. That's how these things are measured. The fiscal year that ended in October 2009 was Bush's because it still under his policies and budget.

ozzy
11/18/17 2:46 pm

No. Obama never had a budget pass, so he went around it. He blew bushs budget immediately. Even before Inauguration Day obama took control of spending for his buddies.

Carolynn new jersey
11/17/17 10:40 am

I feel sorry for those who already live paycheck to paycheck. This is awful for everyone.

Reply
polster2 US
11/17/17 10:40 am

Unless you’re rich.

lj74
11/17/17 4:08 pm

Baloney pollster, learn economics instead of talking points.

polster2 US
11/17/17 4:31 pm

Trickle down economics has been debunked repeatedly.

ozzy
11/18/17 5:58 am

Supply side economics works every time

Jazzy5 USA
11/18/17 6:16 am

Everyone seems to forget: Its our money. The government takes, they do not produce.
Telling us, WE, might be able to keep some of our money, that we earned, should be a no brainer for legislators.
It’s our money.... if you paid taxes, you are a provider, you deserve some of it back!!

polster2 US
11/18/17 7:41 am

Ozzy...Then why is GDP growth so low?

Jazzy5 USA
11/18/17 10:57 am

by Tyler Durden
Jan 27, 2017 10:41 AM
1.2K
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Following today's extremely disappointing US GDP growth data, we have the final nail in the coffin of President Obama's economic reign. Not only is the average annual growth rate of just 1.48% during Obama's business cycle the weakest of any expansion since at least 1949, he has just become the only President to have not had even one year of 3% GDP growth.

An average annual GDP growth of 1.48% during Obama's two terms...

lj74
11/18/17 10:59 am

Wrong Polster. The only place they have been “debunked” is on the minds of Dems