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originally posted by: Gandalf77
a reply to: face23785
They haven't been very specific about what exemptions they intend to take away, though.
They've already acknowledged a few sacred cows--mortgage interest, for example.
And given the threshold where it kicks in, cutting the estate tax sure seems like a giveaway to the rich.
originally posted by: Gandalf77
Well said OP.
Notice how they really can't (or won't) say how they intend to pay for it?
Notice how the Greedy Old Parasites only care about budget deficits when a Dem is in office?
Notice how complete and utter fiscal irresponsibility is always OK when the cons have the reins?
No matter what type of poopulist spin Comrade Cheeto and his orange minions try to put on this, it's NOT about the middle class. It never is w/Republicans. This is just another giveaway to the wealthy elite--the plutocracy doing its thing.
Economists have pointed out time and time again that NOTHING trickles down. Fuzzy Republican math doesn't work out, but they really don't need it to. All they need to do is keep convincing their mindless moonies that they too can be rich and prosperous if they support these scams--licking up the Kool-Aid like pee at a soma sacrifice.
MoveOn.org
Media Matters
National Education Association
The Daily Kos
AFL-CIO
Shareholders of corporations would enjoy a rate cut from the current maximum of 35 percent down to 20 percent, according to a White House briefing Tuesday. Owners of “small businesses,” who pay taxes on their individual returns rather than with a corporate filing, would pay no more than 25 percent, instead of the current maximum of 39.6 percent. And the wealthiest Americans would see that top 39.6 percent rate fall to 35 percent.
originally posted by: SammyB0476
Federal Sales tax; eliminate all other taxes, including corporate taxes, estate tax, income tax, everything. The Tax code could be a single page.
originally posted by: Willtell
In the 80’S when Reagan cut taxes on the rich the deficit went up so much they went and raised taxes on the middle class to stem the tide of widening deficit Reagan created through the tax cuts
They lied then by saying the tax cuts would create economic growth, and now Trump is lying again, as the OP points out with the same old lie about trickle down economics.
originally posted by: Aazadan
a reply to: Blaine91555
Most family farms are held in family trusts which are already exempt from estate taxes.
Last I looked we live in the USA not FGA (Federal Government of America)
originally posted by: carewemust
originally posted by: IAMTAT
Well, if you can't trust
'Common Dreams: Breaking News & Views For The Progressive Community'
for an unbiased political assessment...
Who CAN you trust?
That's a good sign that this Tax Cut / Tax Reorganization package is on the right track. Bernie Sanders hates it too. Another indicator of how good it is.
originally posted by: Aazadan
originally posted by: seasonal
a reply to: FyreByrd
Flat tax, no exceptions no exemptions.
The top cries, the bottom cries and the middle class gets a tax cut.
No one wants that though. People want a tax break for being married, they want a home buyer tax credit, they want a credit for installing green energy or upgrading their home, they want a depreciation credit on their assets, they want a tax deferred retirement account, they want HSA's, they want a credit for their kid, and so on.
The very last thing anyone wants is a removal of exemptions and deductions. Deep down people like deducations because it makes them feel like they're putting one over on the man by playing the system and paying less.