The proposal does reduce the corporate tax rate, and I've read that it benefits the wealthiest most of all. But it actually seems to help middle-income and low-income Americans, too, at least in the short term.
Matt Cartwright (Pa. 17th) voted against the bill for two reasons.
First, he is offended by the lack of transparency. He's right, but the very same lack of transparency existed when Obamacare was enacted)
Second, Cartwright believes with some justification that the bill does little to discourage multinational corporations from moving jobs overseas. Cartwright observes that when Trump ran for President, he pledged to impose a 35% import tax rate on businesses that move jobs overseas. But he's unable to find this in the finals bill.
Charlie Dent (Pa. 15th) voted for the bill because he thinks It will provide real tax relied, which in turn will lead to the creation of jobs.
"Tax data show that nearly 70 percent of the taxpayers in the 15th Congressional district of Pennsylvania do not itemize on their federal tax returns," he noted in a statement. "That makes the near doubling of the standard deduction ($12,000 for individuals and $24,000 for married couples), tied to lower income tax rates, a great benefit to the overwhelming majority of them.”
Dent noted that the typical family of four, earning the median family income of $73,000, will receive a tax cut of $2,059. He also applauded the doubling of the Child Tax Credit and the provision that raised the fully refundable portion of the credit to $1,400.
Though this is rushed legislation, which always means trouble, I like aspects of this bill. It's a shame everything is so partisan. I think both sides could hammer out something that serves the American people, if they try.
That's why they are there.
Unfortunately, the tax cuts for individuals are only temporary.
Well if Dent is for it. of course you are for it. No one would have thought otherwise.
ReplyDeleteThe tax cut for middle America is temporary and the tax cut for the top is permanent. That should tell you a lot. they also snuck in the end of Onbamacare rather than have the guts to end it openly.
There is absolutely noting in the bill to discourage outsourcing American jobs. The problem is the issue is quite simple. Unless you force them to do the right thing for a stable society, companies will go for profits over people. Unless you in the US are willing to work for Singapore and Malaysia wages there will be no jobs in America.
Also over thirty years of this wealth creating jobs bullshit has created nothing but part-time service jobs at low wages that stay stagnant. All the upper wealth over the past thirty years was not invested in employment or jobs but rather paid out to shareholders and wealthy perks of multiple homes and European cars which created a few jobs for a while than once again service jobs.
In other words no one, including Trump., has the balls to tell
Americans that you are not going to get new jobs that pay great wages whether you go to school or not.
We are the USA Inc. Your boy Charlie voted for that along with the others.
The Last Great American Patriot!
I didn’t say I was for it. I said I like certain provisions in it. Also, when you are too cowardly to sign your name, spare us your assessment of another person’s balls.
ReplyDeleteBernie,
DeleteThere is always those that are sackless and there sacklessness spills on your blogg!
REpublican redd
I am retired on social security with a small pension. My taxes will decrease about 1,000 per year under this legislation. It is welcome relief.
ReplyDeleteanon 4:15, That swath they are telling you. Fox Noise and the Chambers of Commerce have done a good job of polishing this turd.
ReplyDelete4:30. I independently looked at the new tax rates. Because the increase in the standard deduction is greater than the current standard deduction plus the personal exemption, I gain there. As a retiree I have paid off my mortgage and do not have that interest expense to enable utilization of itemized deductions. Additionally the base rate and the marginal rate decreased for my income yielding additional savings. As far as Fox and the CC, they have never addressed the savings for retirees similar to me. Neither has Nancy Pelosi or Cartwright. Just the facts, man. . .just the facts!
ReplyDeleteIn order to save $2k a year on this new tax bill your total retirement income has to be pretty good. Otherwise the math does not work.
ReplyDeleteTrump isn't doing this for retirees.
5:07. I stated I only saved $1000 per year. Nothing was directed at retirees. I only want to set the record straight. I will save $1,000 next year. That will help offset increases in local taxes which I was unable to deduct because I cannot itemize deductions. The remainder will go to offsetting increases in Medicare supplemental insurance. I appreciate the savings.
ReplyDeleteThe tax bill is a step in the right direction. The lowering of the corporate tax rate brings the U.S. into a competitive position with the rest of the world. The ability of business to expense purchases of equipment in the year they are bought will stimulate the sales and production of all those companies that manufacture equipment. Most all middle and lower income folks will get a tax reduction, which should also stimulate activity. the bleeding of companies out of the U.S. should stop. Some international companies with a U.S. presence may shift more of their production here. Some need to get over the envy problem with people who make more money then themselves. Whether you like Trump personally or not, he has made huge steps in restoring confidence and optimism in the private sector economy.
ReplyDeleteIn the big picture, this will be more negative than positive. But just to focus on two points.
ReplyDelete1.) the party of fiscal responsibility and balanced budgets (at least when the Dems have the presidency) is going to be adding to the debt. Just like during the Bush II years when the budget deficit doubled. Since the days of Stockman and trickle down, data has not backed up the theory.
2.) And as with the Bush tax cuts, to comply with the Byrd rule, some of these "cuts" are going to sunset, and so 8 years from now when it is someone else's headache, we will have the same debate we did with the Bush cuts-- "expiring tax cuts" are a tax hike for those paying the lower rate for 8 years, so there will be clamoring to make them permanent (and always to "help the middle class"), and the Byrd rule will ultimately be for nothing, and debt will continue to be accumulated.
Simpson-Bowles was the closest we came to "fiscal responsibility" but that would have taken bi-partisan effort. Instead, whoever (D or R) has control of the cookie jar of the federal purse gives out cookies to their favored ones.
Irresponsible, and hypocritical.
Additionally , articles last week in Wall Street Journal and this week in New York Times about the max local deduction from real estate taxes under new deal and the locals are pushing back ,rejecting any new costs by school board increases. This is putting pressure of tax and spend on local entities . We must do the same here now too. Example EASD is spending 100 mm and that is not needed . They need to do something else like cut administrative costs and dead weight .
ReplyDeleteIt's a mixed bag, but mostly good. Our problems is not a lack of revenue. It's unbridled spending. Billions of US corporate money will be repatriated due to significantly lower tax rates. Those who actually pay federal taxes (nearly half don't) will get a modest tax break. Those 80+% of us who own stocks and bonds have had a pretty good year. Sadly, it adds another trillion to the debt over ten years. It points to how difficult it is to take away freebies that have added to the debt. The previous poster should pipe down on the debt stuff, however. The sainted Obama took a national debt of 10 trillion - that took 232 years to amass - and nearly doubled it to 19 trillion in just 8 short years. The job outlook will steadily improve. Black unemployment last month was its lowest in 17 years. It took an orange guy to restore hope to black job seekers. Meanwhile, ISIS is defeated in under a year and Obama's outrageous wink to Hezbollah's funding the US drug trade in order to get the foolhardy Iran nuclear deal signed, is gone. Trump is detestable. But things are looking up, overall.
ReplyDeleteAnd Dat Lambert is the next Michael Jordan. Wow. What a night.
ReplyDeleteI approve it, however, I do have some reservations over it. My 3% savings is not like a 2.67% savings to a person making money in the last tax bracket. Obviously, they are paying more in, but the end result is that the highest tax bracket will receive more for their money. I agree with BOH, it is a shame that this has to be completely partisan. There has to be democrats that believe this is better than we have now! The corporate and pass through tax relief is needed and it will stimulate investment throughout the economy, not only jobs. Inventories will be increased, production will rise and GDP will increase. Less reliance on foreign investment and imports should prevail. All in all, it sounds like it could work.
ReplyDeleteLet's see, if someone receives a rising $2000 savings for the next 8 years only, that means at least $17 thousand dollars MORE than they were going to have. Then, iwhen the lower rate expires it goes back to the normal rate, what's not to like? You are $17 thousand dollars ahead!
ReplyDelete"The previous poster should pipe down on the debt stuff, however. The sainted Obama took a national debt of 10 trillion - "
ReplyDeleteMy criticism is bi-partisan. 9/30/2000 debt was approx $5.6 trillion and 9/30/2008 it was over $10 trillion, as you said. Doubled, though I would not be sarcastic and say under the "sainted Bush", as you do Obama. It doesn't matter if Republican or Democrat, the past two presidents and the Congress doubled the debt during their tenure.... Your assumptions and outlook are through partisan lens.
Mark my words. In 8 years we'll have the same old debate whether to make the "Trump tax cuts" permanent like we did the "Bush tax cuts."
It’s a step forward, but until we have a flat 14-15% tax the working class is doomed. Don’t BS me on middle class as there has no lt been one since the 80s! End the Fed and the IRS. No more passing money around, if the govt needs money for our services and freedom it is our duty to pay. Everyone pays!
ReplyDelete709 The stimulus pulled us out of recession and funded projects all across the country. It saved the auto industry.
ReplyDeleteYou also seem to forget about our Unfunded wars.By the end of Obama's term we were paying down the national debt. We just took a turn to grow it
Unbelievable. Most American families will be keeping more of their dollars and some here STILL complain. Is that because the change didn't come under a Democrat administration? So, just refuse the extra money! Send it back in.
ReplyDelete'It's a shame everything is so partisan. I think both sides could hammer out something that serves the American people, if they try." EXACTLY!
ReplyDeleteIt doesn't matter much what I think, it is what everybody else thinks and also what happens when the plan takes effect. Will it really help a majority of people and I believe it will. As for me taxes can go up to 45% and I'm ok because I have structured my income so as to pay minimal federal taxes for a long time. My income is sheltered or offset by huge depreciation of my assets. But don't worry, one day I will pay when I do sell my assets with nice appreciation and recapture of depreciation. Ouch it will hurt later.
ReplyDeleteBernie ---- I appreciate your approach so much on this post, it reminds me of the OLD BERNIE I knew. There is no name calling, or blaming anyone , you just state the position. Thank you Bernie.
While the level of discourse is appalling, I appreciate the partisan debate. It's called democracy. When both sides agree on things, it's usually very bad for taxpayers. And I'm a registered Independent. The bill does nothing to address the big four categories that account for nearly all federal spending: Medicaid, Medicare, Social Security and Defense. I'll take my tax cut. But let's not pretend any serious effort at responsible fiscal management occurred here.
ReplyDeleteIt's a temporary tax relief for the majority of US citizens.
ReplyDeleteThe increased deductions may help most of us, but the removal of the state & local tax deductions will wipe away/chip away at what is being touted as $ in refunds.
The ACA bill was debated on the House floor for close to a year. The writing of it was behind closed doors, but it was debated for far longer than this bill was written.
It's a con job. At least Drumpf can claim being great at something - conning the US citizens, and diverting attention away from possible criminal activity.
Once this tax relief gets a couple years older, we will see that monies for Social Services (medicaid, Medicare, Seniors, Vets, etc) will be far less in supply.
Those services will be cut to the bare bones, leaving those vulnerable in very dire situations.
Heard a Republican Congresswoman from up state NY say that the Republicans will look at reducing spending next year.
Reducing spending to what? She wasn't asked/nor did she answer. But it will be to those services that the vulnerable need.
My generation's (I'm mid 40's) parents will be, if not already are, in the Medicare system. They paid into it, and will now face reduced services.
I am not speaking of welfare - that is entirely different. These are the health services our older generations rely on AND paid into via their paychecks/taxes over the past 40-50-60 years.
Its great for the Top 1%. I can't people don't see what Trump and republicans are really up to. Simply put,this is a gift to himself and his wealthy buddies. no matter what they call it you can't disguise Crap with iceing.
ReplyDelete
ReplyDeleteIn addition to 80% of Americans seeing more money in their pockets....
For new home purchases, less mortgage interest on pricier properties can now be deducted. Mortgage interest can only be deducted on loans up to $750,000, instead of the current $1 million. The threshold has moved down on mansion subsidies. This is good.
Capping at 10k for property tax deductions is also a removal of mansion subsidies. This is a good thing.
If you have medical expenses you will be able to write off more. This is a good thing. Esp. in a world of ultra high Obamacare premiums and costs.
The cap on tuition deductions is good for more affordable state schools and community colleges. This is a good thing.
Doubling the amount that can be passed on to heirs tax free is a good thing.
The estate tax is DOUBLE taxation. It is wrong. Always has been wrong.
A new 20 percent deduction on the first $315,000 of income for these businesses, including small businesses but also bigger firms that organize as sole proprietors. How could this be bad?
I just do not see how the sky is falling....
9:04 - sounds like you won't be saving any money.
ReplyDeletePersonally it appears that I will benefit s little but not a lot in the coming year. The question is who will pay? I feel sorry for the younger people in this country who will be stuck with the resulting increase in the national debt. The least that the Republicans could have done was to tie corporate tax breaks to provisions that make sure that the benefits were contingent on companies reinvesting the money into job creating growth and widely distributed wage hikes. I hear a lot of rhetoric about "trickle down" economics but I think that it would have been much smarter public policy to include provisions to make sure the benefits will trickle down to a wide group of now active and future working people rather than go to a small number of the already wealthy and those who gain by replacing human workers with robots and other work reducing devices.
ReplyDelete9:20 - not to mention, because every tax bracket rate goes down, millions of people will effectively keep more of their income from Social Security! Retirement accounts get stronger!
ReplyDeleteAll the naysayers on tv who are against the tax plan should give the savings to a good worthwhile charity (not some progressive cause) but a true charity. Lets see them announce this on their tv shows. Lest they forget, they should also include the tax saving from the deduction on their income tax return.
ReplyDeleteKeeping the estate tax is immoral. Few of the filthy rich ever pay it. Independent farmers do. Or rather, they can't, and are forced to sell to developers or corporate ag interests. Double taxation is insidious and wrong. Increasing the debt by as much as a penny is also immoral. It sucks to be the grandkids. It's like piling up a ton of debt before dying, and leaving the mess for one's offspring to pay off. That's just shitty.
ReplyDeletethe rich get richer, the golden parachute for all the R's headed out of office in 2018, it's stealing from the poor and middle class to benefit a small minority, and will bankrupt programs that help people. So in addition to destroying the Environment, and committing treason with Russia's help, Trump is officially turning America into a third world country, and he already acts like a blow hard and bully, dictator lite, so this just fits perfectly into his pea brained scheme to enrich himself and his ilk.
ReplyDeleteA massive money grab, by the rich and powerful, for the rich and powerful, thinly disguised as relief for the middle class. The fact is, corporations are doing fine, and don't need this money. Programs that serve the needy will suffer when deficits soar. This whole plan is a great big lie, and the reason it was rushed through was because the longer it was in the light the greater chance that the lies become exposed. Can't wait for the mid-terms.
ReplyDelete"And Dat Lambert is the next Michael Jordan. Wow. What a night."
ReplyDeleteI delete OT comments, but will let that one stand. It killed me not to write about it, but Keith Groller and Kyle Craig both had great stories.
7:34, You were deleted bc of the huge gap after your comment.
ReplyDeleteI remember the first time the public got trickled on under Reagan. It was the first time I heard the term "homeless" popping up during that era. I also remember the funds being slashed to the state hospitals so the mentally unfit were forced to hit the streets and fend for themselves. There was more than one story of people leaving family members in wheelchairs at the hospital because they just had no means to take care of them. And let's not forget that just to really cut things to the bone for underprivileged kids, ketchup was mandated to be a fruit in their government supplied meals to lower costs if feeding them. The general public might see a thousand or two in Federal relief, but it will come back ten-fold in local taxes, just as it did with last two "trickle downs".
ReplyDeleteThere was no great resurgence in job growth previously and there will be none now. Our elected officials have voted the way their cooperate donors demanded leading our country to a class division equal to that of India's, with the .001% incredibly wealthy, perhaps a 1% servant middle-class, and the rest are left to struggle for meager survival.
Homelessness started under Reagan? Absolutely. Nobody lived under bridges and on sidewalk vents until January 20, 1981. It all started that cold day. FDRs and LBJs wars on poverty were a scam that Democrats bought, hook, line, and sinker because we didn’t have any until 1981. It’s refreshing to see astute historical analysis and an admission of one’s having been taken by Democratic icons, all in the same post. Outstanding.
ReplyDelete"spare us your assessment of another person’s balls". Too funny!!
ReplyDeleteI think the plan is the greenest environmental legislation yet. It locks up more of the planets wealth among fewer people, if you give the wealth to the poor they would ravage the planet.
ReplyDeleteIt's stupid to tax a business and to consider it a person, owners don't pay taxes, taxes are just part of the cost of doing business that is passed on to the consumer. It's just a way of taxing a society twice.
At least we know where the 15% of the public are that support this turd. The are right here on Bernie's blog. lol!
ReplyDeleteCowardly way to kill Obamacare.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteWow, it is unbelievable how bitter, unreasonable and delusional some of the people are.
ReplyDeleteThe teabaggers are dancing in the streets!
ReplyDelete"Wow, it is unbelievable how bitter, unreasonable and delusional some of the people are."
ReplyDeleteI agree. Sadly that appears to be the motto of the tea party.
4:07, I have never voted for Toomey, and i don't think I ever will. But I refuse to host comments that wish for evil to befall another person.
ReplyDeleteOK then just FUCK YOU Pat Toomey and leave the rest to ones imagination.
ReplyDeleteLol.
ReplyDeleteWhat ever happened to all of Obama's "shovel-ready" jobs anyway?
ReplyDeleteI like the fact the CHIP program isn't going to be funded, allowing 9 million children to go without insurance. Real classy.
ReplyDeleteThat is unrelated to the tax bill, but CHIP will still be funded, at least for now. That is EXTREMELY important.
ReplyDeleteYea, because God forbid people take care of their own children. Make sure they are properly fed, clothed, housed and insured. Screw that let tax payers take care of them. Be irresponsible, vote Democrat.
ReplyDeleteHey asshole, my grandson was born with a huge hole in his stomach and spent the first six months of his life in a hospital. Then he had epilepsy until he was about 9. If it were not for CHIP, he would have died. There is noway that even a wealthy person could have afforded those bills. So take your personal responsibility argument and shove it up your ass.
ReplyDeleteCharlie Dent is one of the many Republicans who supported CHIP, and for that I will always be thankful. Idiots like you are a disgrace, not to Republicans, but humanity.
Grandson? You mean the black Chinese guy?
ReplyDeleteGo fuck yourself, bigot.
ReplyDelete8:31 "Be irresponsible, vote Democrat."
ReplyDeleteAs a new independent after 30-plus years as a Republican, could you help clarify what "irresponsible" is for me: you mean like filing for bankruptcy six times, a la Trump? Or adding $1.5 trillion dollars to the national debt, a la Trump/GOP tax plan? You are right in a perverse way, in that decisions are easier with other people's money, huh? Health care for children... investors in bad business ventures... I guess the difference would be the moral value of caring for children vs screwing investors in the business of vice.
We have sold out the entire concept of a civilized society. The US is nothing but an oversized company town at this point in in our history. Even Adman Smith would bemoan the national religion of American capitalism.
ReplyDelete1:04 PM, I worked in social services since the mid 1970's. There was some homelessness before Reagan was elected in 1980, but it greatly increased during his administration. At the same time those in need of services and those providing them were both belittled by politicians. It continues to this day, and will only increase when the deficits start to balloon. Then we'll hear how Social Security, Medicare etc. need to be cut. Many of those who cheered for Trump and celebrate the tax bill will hurt.
ReplyDeleteSo we should continue to spend away via a government that costs 90 cents to deliver each dollar of government aid? People need help and government needs to be smaller. Where's the middle ground? I suggest we eliminate half the federal government and stroke a check for $15K per year to every adult in the country to cover health insurance and basic necessities. People can work and earn and still collect until combined income reaches $70K, at which point the $15K is lowered in steps. Let's eliminate the middle men, who are incompetent, impossible to fire, and are paid the type of unsustainable compensation that takes money from the most needy in the form of administrative cost.
ReplyDeleteAs long as the Congress makes some program spending cuts, I am all for this. This will drop my tax bracket by 3%, double our deductions (from $12K to $24K) and double our child credit (for us and our 2 kids that goes from $2K to $4K). This will literally mean several thousand dollars less we will pay. Mo' money in my pocket, playa'!
ReplyDelete7:39- that's the bottom line! Almost everyone gets to keep more of their tax dollars away from the government during the coming 8 years. The income brackets and rates have changed. Even Social Security checks will be taxed less for millions and millions of seniors and disabled.
ReplyDeleteNot one Democrat in Congress agreed to these changes, however. That might not work well on the campaign trail.
Wait for it...if you thing this isn't from the "starve the beast" playbook then you have been hoodwinked again. Besides giving windfalls to corporations who already are making record profits, the other goal of this gift to the oligarchs is to sound the alarm even louder about how social security and medicare need to be down-sized. So those of you applauding your $1800 "windfall" get ready to bend over.
ReplyDeleteClass warfare and fear-mongering from those with an agenda that only consists of hatred.
ReplyDelete"So those of you applauding your $1800 "windfall" get ready to bend over."
ReplyDeleteThis is human nature. If here are going to be wide savings, this is going to be immensely popular. It will not be in time help the midterms next year, but will help Trump's re-election chances.
When union members negotiate contracts, they always go for the $ over benefits, even though it is the latter that really helps them.
Not all unions are alike. We know to negotiate both, we can walk and chew gum at the same time. We report back to our members for feedback and input about benefits is always on the front burner. Believe it or not we know there is a monetary trade off for each to be balanced.
ReplyDeleteOnce again...
ReplyDelete..in the words of the world's greatest chess champion Bobby Fischer, "This is all wonderful news."
Popcorn!!!!
ReplyDeleteI agree that a "national income" is probably in the future. Every adult citizen will get x-amount a year. However, all welfare and food card programs will end. Helahtcare must become non-profit and single payer which will help employers and all citizens.
ReplyDeleteAnon 6:54 laid out parameters that I agree with. The problem is neither Party will endorse it. The Democrat depend on the poor for votes and the Republicans depend on hatred of the poor for votes. The system is self sustaining politically. The loser, the nation.
Like McConnell said if they can’t sell this tax reduction they don’t deserve to be in office. Virtually every American is getting a tax reduction except those high salaried employees living in overpriced neighborhoods in high tax states. This is a good thing since I don’t like subsidizing overpaid entertainers/Wall Street managers/athletes etc living in Calif/NY etc.
ReplyDeleteThis is a great bill as middle America & risk taking business owners will see tax breaks that will result in economic growth helping inner city America.
Dems made a straticKlt bad decision by sitting on the sideline during all this as they showed their true colors as socialists jealous of everyone that is successful being rewarded to reinvest in America to provide economic opportunity for others to lift themselves out of poverty. P
What I do not understand is why didn't any Democrats support this either in the House or Senate?
ReplyDeleteIt is quite clear that the Democratic party of John Kennedy, or Hubert Humphrey, or Lloyd Bensten no longer exists. It now consists of the Maxine Waters, Charles Schumer and Elizabeth Warren, the far left radicals.
As the benifits of this bill take hold, and the billions of dollars that American corporations have parked overseas is brought back and re-invested in the United States, the Democrats will simply be behind the eight ball.
The nation has moved beyond the 2016 elections. Clearly the Democratic party is stuck in the past, and this tax bill will mean the "new normal" of economic growth will be triple that of the Obama years.
Also, one has to ask how Senator Casey has actually helped the people of Pennsylvania. His record as a senator is dismal, being a rubber stamp for Obama or the Democratic leadership in the Senate ever since he went to Washington in 2007. And as predicted, he voted in lock-step with the Schumer and other Democratic radicals with regards to this new tax bill.
ReplyDeleteI'm glad he's up for re-election in 2018. Perhaps we can finally get rid of this turkey and send someone of intelligence back to the Senate to represent the people of our Commonwealth.
The above two comments are from someone who has paid no attention to the blue wave that has started throughout the country. Many ads who voted for Trump now have buyer’s remorse. You’ll find out next year. Instead of slamming a moderate Dem like Casey, you should be hanging your head in shame at electing an authoritarian wing nut.
ReplyDeleteWith respect Mr O'Hare, when has Senator Casey ever supported a Republican imitative?
ReplyDeleteHis moderation is only in the minds of Democrats, he's a consummate follow-the-leader lockstep soldier of the Democratic party. Also, the "blue wave" is a myth in the minds of the hopeful, but gullible souls who still believe in Elizabeth Warren and Maxine Waters... or actually believe the mainstream media are objective with regards to President Trump.
Keep telling yourself that the blue wave is a myth.
ReplyDeleteBernie is right the blue wave is real.
ReplyDeletehttps://www.bluewavepolitics.com/
This is who's behind the recent "blue wave" vernacular winding it's way through the press from top to, well... bottom.
The blue wave will crash ashore & swept out to sea when virtually every American sees a larger paycheck come February as a result of the tax bill. Tax deductions from paychecks will be adjusted down putting more money in workers pockets every payday throughout the year.
ReplyDeleteThis will be a constant reminder to blue collar & white collar workers that this was the Trump agenda lining their pockets & driving up wages as demand for more workers from new investment tightens the labor market.
No need to pass democratic inspired artificially higher minimum wages. No more democratic regulations to deal with and reduced bureaucracy as Federal employees at bloated agencies like EPA, State Department, energy FDA etc leave & not replaced!!
Merry Christmas & thank you Mr. President & the Republican leadership for staying the course!!!
With Trump, even The John Birch Society can be part of the "blue wave".
ReplyDeleteShort of pushing people up a chimney it's impossible to be to the right of this guy.
"This will be a constant reminder to blue collar & white collar workers that this was the Trump agenda lining their pockets & driving up wages as demand for more workers from new investment tightens the labor market."
ReplyDeleteWith a market that has access to 7 billion workers?
No reasonable person from the rightest-right to the leftist-left, with even a basic understanding of the labor market in a global economy, can possibly believe this statement...it's delusional.
This tax cut will more likely be the rise of the machine and a minimum basic income, before it would lead to widespread employment in the USA.
It seems that the biggest objections to the now new tax law is that people won't be able to deduct their state income taxes. This pathetically affects high tax states such as New York, New Jersey and California. Both dominated by the Democrats.
ReplyDeleteI can just see the Democrats next fall campaigning on this to their traditional labor and minority bases, saying that it's unfair that high income earners are paying more in taxes since they can't write off their state taxes.
Just remember folks, It was the members of the NRA and the Tea Party in addition to the Chamber of Commerce who gave us Donald Trump.
ReplyDelete7:12pm
ReplyDeleteYou left out the faithful, and the Russians, and the "Burnie down the house" crowd. And don't forget the "follow the bouncing ball" media, and the Clinton campaign and Twitter.
You can cast the thank you net pretty wide, we owe them dearly...remember the day when politicians spent there time renaming airports and post offices.
Some people will vote with their feet near midterms. As I mentioned earlier restrictions on deductions will force local restrictions on the political climate. School boards will have to deal with it and trim down .This tax bill also includes new costs to college sports. Sports as in entertainment on the backs of the taxpayer . So if Nick Saban is paid over $7,000,000 a year the college will have send in over $1,000,000 to pay the “parachute payment” and so will lots over other tax exempt entities similar. Have a safe holiday .
ReplyDeleteI just finished watching on you tube the video of this years tree lighting ceremony at the White House. I then watched last years tree lighting ceremony. I ask that you watch it as well. Big difference and I am so glad and blessed with how things are now. Merry Christmas to everyone.
ReplyDeleteLocally several big companies are giving out large bonuses to its workforce. Thank you Mr. President !!!
Mr. O'Hare - Please research how many hearings were held before the Obamacare vote and how many Republican amendments were added to the final bill. Although the ultimate Obamacare vote was partisan, the over year long process leading up to that bill was not. It was the complete opposite of what we just saw with the tax "reform" vote.
ReplyDelete