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Subj: Re: The $1000 tax cut for Middle Class.
Posted: Wed Dec 20, 2017 at 02:02:26 pm EST (Viewed 486 times)
Reply Subj: Re: The $1000 tax cut for Middle Class.
Posted: Wed Dec 20, 2017 at 01:35:40 pm EST (Viewed 518 times)
Quote:I would take an extra $85. Most people would. The irony is that the middle class tax cuts in the bill, or many of them, sunset eventually.
What I mean is that $85 is not going to make a difference in most people's lives. It's like 3 days worth of groceries for a modest family. I'd absolutely take the money, but it's a pretty pathetic pay-off for a Middle Class family. And the actual estimate is more in the $700 dollar range for most families.
Quote:I think there are numerous hypocrisies here. This bill is uber unpopular. Most seem to know how bad it is for everyday people. Keep in mind it is tracking around 10-15% less popular than when the ACA was passed and there were numerous campaigns against it. That is telling. And the method they passed it was probably the most hyperpartisan rushed thing that has made it through in recent times. And for something as critical as the tax system.
As our previous discussion went, the tax cut would have been enormously popular if it was skewed towards the Middle Class. But that's not the theory under which Republicans operate. Trump said the forgotten people will be 'forgotten no longer'. I'm not sure what class of people he was talking about. The Middle Class barely got crumbs this time around. They could have poured this money into infrastructure, which would have boomed the economy. Or training for getting people back to work (e.g. coal miners?).
Hearing them talk about needing to cut entitlements next year is maddening.
Quote:They did not even pretend to reach across the isle.
Of course not. And McConnell said that if they couldn't sell this tax cut to the American people, the Republicans should enter another line or work. I think this was a prophetic statement. Paul Ryan is already looking for the escape hatch.
Quote:It also makes zero sense to do most of the stuff in the bill at the moment. At least in the sense that they are trying to sell it. More jobs or better paying jobs are not going to be created hand over foot by this. Nor massive economic growth. Some growth will happen, but the job market is already having issues finding people for some jobs.
Quote:So, not sure what the goal with that is going to be. And with the zeal to get immigrants out there will not be enough bodies to replace them. So, we get an increased defict and debt (something often harped on by the GOP) with no real clear benefit. I guess they could argue the under employed would move into better paying jobs but that still is not enough to make up for the difference is lost revenue.
The debt and deficit are only bad under Democratic leadership. It would be nice if ideology was traded for responsible government. I think that's all people ask for.
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