General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo the price of oil increasing could easily wipe out any tax cut advantages
I wake up doing math today in my head...
A. The average person making $50,000 per year was supposed to save around $100 per month on the tax cuts.
B. The average person drives about 1,000 miles per month.
C. The average vehicle gets about a 24 miles per gallon ratio.
D. So the 42 gallons per month with an increase in .75 cents per gallon is $32 per month. 32% of that person making $50,000 is poof! Gone. (Someone making $25,000 is supposed seeing about $40 per month saving. Theirs is nearly 100% gone.)
E. But fuel increases are not just for drivers. Airline tickets increase, trucks hauling goods increase, trains burning diesel increases, oil is used to make plastics/polymers, that increases.
Therefore if ANYONE refers to the Republicans creating these tax cuts you simply explain that those "Savings" are being wipied out by Cheetos impeccably bad foreign policy decisions resulting in increased prices at the pumps and beyond.
Sherman A1
(38,958 posts)Your minuscule tax cut will pass through your hands and go directly to the oil companies. Doesnt take much figuring on this one.
mercuryblues
(14,530 posts)the increase is premiums on health insurance. Which more people will need now that regulations on chemicals are being repealed.
Sherman A1
(38,958 posts)It was a money grab by the 1% as we are well aware.
They got theirs and the rest of us can simply fend for ourselves using that personal responsibility mantra.
Vinca
(50,261 posts)The cost of "the basics" is rising through the roof. As for the "tax cut," many of us (who are far from rich) have discovered ours will be going up. But, maybe when the Trumphumpers can't afford a full tank of gas it will hit home that Don isn't the second coming after all.
Sherman A1
(38,958 posts)Was first on the back of a truck. Oil prices and increases in other sectors all ripple through the economy.
no_hypocrisy
(46,080 posts)MORE TAX CUTS ! ! !
get the red out
(13,461 posts)Every time they fill up their tank.
ProfessorGAC
(64,995 posts). . .presidents get the blame when gas prices go up. Think Carter, Reagan and Bush 1986 to 1990, Silverspoon in the mid 2 naughts, Obama in 2010. They don't get much credit when they go down, but they get blamed when they go up.
These increases ought to be really popular with those coal miners still looking for jobs.
TheBlackAdder
(28,183 posts)Perhaps Russia and Assad teamed up to fire missiles at Israel to blame it on the Iranians.
Sophia4
(3,515 posts)The reason the Russians wanted Trump to win was that they do not want the US to reduce oil and gas and fossil fuel consumption.
They would like to drill in the Arctic too.
That is what I think it is all about.
democratisphere
(17,235 posts)octoberlib
(14,971 posts)millionaires and billionaires? Theyre not gonna care about the price of oil going up.
world wide wally
(21,740 posts)Wait till the cost of tariffs take hold along with more expensive health insurance, the failing infrastructure, and environmental disasters, and the loss of cheap labor for starters
kentuck
(111,078 posts)People need to have arguments simplified to a point they can understand. They can understand when they are paying more for gas, there is less money for everything else. They understand when their when their minimal taxcut is wiped out and when the price of everything else is going up, including food. That is a basic explanation that must be made to the voters of America.
George II
(67,782 posts)jmg257
(11,996 posts)everyone can send me theirs if they don't want it!
kentuck
(111,078 posts)...or school children losing their lunches at schools, just because the Republicans have to make cuts because the deficit is too big because they gave a big taxcut to the wealthy and a pittance to everyone else. Pay me now or pay me later...
jmg257
(11,996 posts)kentuck
(111,078 posts)If the price of everything goes up, we have less money, not more, even with a taxcut.
John Fante
(3,479 posts)titaniumsalute
(4,742 posts)It has gone up .75 cents here in the past 4 weeks. Not sure where you live but it has gone up dramatically in Ohio. Also, you don't actually know if you make out or not on the tax cuts until you file the 2018 taxes.
kentuck
(111,078 posts)They wouldn't do that, would they??
titaniumsalute
(4,742 posts)I actually was advised by my accountant (who is a Conservative) to keep the same withholding % as 2017 and if I get a really big refund then to go ahead and lower the paycheck withholding levels. He must seem to think that my lack of deductions for 2018 will hurt more than the lower withholding will help.
Sophia4
(3,515 posts)Watch and see what countries Trump really likes.
Saudi Arabia is one. Russia another. He loves the oil producing countries.
By the way, Nigeria also is an oil producing country, and their head of state just visited the White House.
It has been my opinion all along that Russia wanted to help Trump win the White House because they want his pro-fossil fuel, pro-oil philosophy in there.
Just watch what happens.
In the meantime, California is relying more and more on solar and wind, and that is good.
I once had a job doing research and writing for an oil company. It was long ago, but I kind of learned what to watch for. Trump dropped out of the Paris agreement. His administration is pro-fossil fuels. Just watch. Just watch.
Cutting back on fossil fuel use is where individual Democrats can foil Trump the most.
IronLionZion
(45,425 posts)just like they always do. We'll grow old and die waiting for our job creators to use their tax cuts to raise wages and hire more.