What are the average Americans going to do with their $20 a week increase from the phony tax deal?

[louis c]

First off, I know the Republican tax deal is a phony shell game. It increases the deficit to $1 Trillion a year, from $500 Billion. I know that the tax breaks are weighted in favor of the wealthy by an aggregate 80% to 20%.

The average tax break for working Americans in non-high state tax states is about $1,000 a year. That's about $20 a week. so, for this deficit, needless tax cut which gives the wealthy and corporations a huge break, and the average American peanuts, here's where the money is going.

Link;
https://www.yahoo.com/news/average-price-us-gas-jumps-172505866.html

Average price of US gas jumps 10 cents, to $3 a gallon
Associated Press • May 20, 2018

<snip>CAMARILLO, Calif. (AP) — The average price of regular-grade gasoline in the U.S. jumped 10 cents a gallon over the past two weeks to $3.00.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price has spiked 41 cents over the past three months.

Lundberg says the increase is largely driven by higher crude oil costs and the phasing-in of summer-grade gasoline, which is used to prevent smog.

The highest average price in the contiguous 48 states was $3.79 in the San Francisco Bay Area. The lowest was $2.54 in Baton Rouge, Louisiana.

The average price for diesel fuel rose 9 cents, to $3.23.<snip>

[Vinca]

1. When the price of gas goes up, so does the price of groceries, clothing, building supplies

and any other item that is transported from one place to another. I haven't dared to check the price of heating oil. Luckily, warm weather is here, but you wonder if rolling the dice and buying it later in the year will turn out to be a good decision or a bad one.

[guillaumeb]

2. In the first week,

I will start a new business and put many fellow citizens to work. I will use the $20 to purchase garbage bags so my new employees can collect aluminum cans in their neighborhoods. I will take 5% of their total from the cans that they recycle, as well as a small initial fee of $5 for the garbage bag.

(Intended as humor)

[Doodley]

4. Oh my God! I hurt, I am laughing so much. The funniest post I have EVER read!

[guillaumeb]

8. Thank you.

Good to know my attempts at humor worked.

[Demovictory9]

15. lol. most of your profits will be from the garbage bags. $5???

[guillaumeb]

18. I am now a job creator.

And must be treated as such. The modest $5 per bag fee should be considered as tuition.

[Squinch]

3. I'm going to lose hundreds a month in deductions, so ....

[Doodley]

5. I am going to lose tens of thousands.

[Wellstone ruled]

6. Average price of Gas here in the Las Vegas Valley

has increased 80 cents in one year. And in some neighborhoods 90 cents. Average price for unleaded Regular Gas as of one hour ago is3.34 here in Vegas. Noticed a Station by the Car Rental Return Lane at the Airport was 3.89 last Saturday afternoon.

[NCjack]

7. I opened a bank savings account that I will deposit $20 a year for 25 years, and then

I will use that money to open a brokerage account. At that point, I will be 102 years old and eager to begin trading ETFs.

[Igel]

9. $20/week. 52 weeks.

That's $1000.

If you're making $50k/year, that's a 2% increase after taxes. Of course, that's a useless percentage since I don't know what the base pay is for that $20/week or if the $20/week is grounded in reality or just pulled from the ether.

It's the $1.5 trillion deficit increase over 10 years that I find troublesome, and pushing the year we hit trillion-dollar deficits forward by a year worrisome.

[Hayduke Bomgarte]

10. I can't decide whether to

Buy a new yacht or a second home.

[oberliner]

11. Costco membership dues

[scarletwoman]

12. Not even $20 a week. I think my bi-weekly paycheck has increased by about $17-$18 at best.

That's - at best - $9 a week.

[D_Master81]

13. Mine was $11 a week

I'm out here livin' the dream now.

[jmowreader]

14. What increase?

If I am lucky I'll get away with paying the same next spring as I did this spring. I think they're going up, though.

How did they get that "average $20 per week" thing? Is it like the old joke where Bill Gates walks into a homeless shelter and suddenly everyone in the room is worth an average $5 million?

[kacekwl]

16. The scam about summer grade / winter grade is such

bullshit. Do you realize how much money has been made in just one week when gas went from 2.68 per gal to 3.19 all at one time. Nothing else changed, taxes the same , delivery costs the same . That's 51 cents a gallon pure profit plus however much they were making before the increase times how many gallons sold just here in Illinois.

[Yupster]

17. My kid is studying overseas

He's spending it for me so no need to think of stuff from this family.

[ooky]

19. Unfortunately the harsh reality is the average American's discretionary spending

is going down, fast, under Trump policies and/or lack thereof. Nobody's living standard will get any better from the tax scam except the rich. It will only get worse for the average American. He's killing the average American.

Dems need to campaign on this, hard.