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yallerdawg
yallerdawg's Journal
yallerdawg's Journal
December 3, 2017
From: https://www.washingtonpost.com/graphics/2017/business/tax-bill-q-and-a/?utm_term=.90847b50d99b
What most defies logic is the idea that we can lower our rates - but no other countries can?
This tax cut is nothing more than a giveaway to the rich and wealthy donor class - the Republicans are merely funding their own campaign donations - as their donors clearly stated!
THIS is political corruption in its most obvious form!
The myth of the 35% corporate tax rate.
First, they lie over and over again. We know that.
The Republicans want to lower it to 20%?
The United States has one of the highest corporate income tax rates at 35 percent, but few companies pay that much. After taking advantage of a variety of special deductions, U.S. corporations paid an effective marginal tax rate of just 18.6 percent in 2012, a rate that went unchanged despite ups and downs in the economy over the previous decade, according to a Congressional Budget Office report.
From: https://www.washingtonpost.com/graphics/2017/business/tax-bill-q-and-a/?utm_term=.90847b50d99b
What most defies logic is the idea that we can lower our rates - but no other countries can?
This tax cut is nothing more than a giveaway to the rich and wealthy donor class - the Republicans are merely funding their own campaign donations - as their donors clearly stated!
THIS is political corruption in its most obvious form!
December 3, 2017
Except it's the tiniest by comparable standards. Overcompensating as usual.
Noted pathological liar repeats same lie over and over:
https://twitter.com/realDonaldTrump/status/936941673124425728Biggest Tax Bill and Tax Cuts in history just passed in the Senate. Now these great Republicans will be going for final passage. Thank you to House and Senate Republicans for your hard work and commitment!
Except it's the tiniest by comparable standards. Overcompensating as usual.
December 3, 2017
http://bloody-disgusting.com/movie/3472576/can-see-shape-water-heres-handy-guide/
Were you looking forward to seeing "The Shape of Water" this weekend?
Only if you live in New York! Weird release. 
Today, December 1, The Shape of Water arrives ONLY in New York, expanding from there in the following weeks. The film heads to more theaters on Friday, December 8 and then again to even more on Friday, December 15, before getting its traditional nationwide release on Friday, December 22.
The worldwide roll-out begins in Mexico on January 12.
The worldwide roll-out begins in Mexico on January 12.
http://bloody-disgusting.com/movie/3472576/can-see-shape-water-heres-handy-guide/
December 2, 2017
Roll Tide!!!
A perfect football day? Clemson, Auburn, Oklahoma and Wisconsin all lose!
Roll Tide!!!
December 2, 2017
Source: USA Today, by Herb Jackson and Eliza Collins
Corporate rate delay
One of the most significant sections of the bill is the massive tax cut for corporations. Both bills would take the top corporate tax rate from 35% to 20%. However, the Senate cut would happen in 2019, while the House bill would have the 20% rate kick in next year.
Elimination of the estate tax
Currently estates up to $5.5 million are exempt from taxes, but both the House and Senate bills would raise that number to $10 million, at least to start. However, the House bill would increase the exemption above $10 million each year after next year, and eventually eliminate the estate tax after six years.
The Senate bill would leave the tax in place for estates over $10 million.
Repeal of the individual mandate
The Senate includes a repeal of the Obamacare provision that calls for an IRS fine on people who do not purchase insurance. The House bill did not, but not necessarily because of pushback from members. Trump started pressing for it to be included in a tax bill after the House had already crafted its bill.
The Congressional Budget Office estimated that within 10 years, 13 million fewer people would have insurance and those who buy it from government-managed exchanges would see rates increase by 10% a year because the pool of patients would be sicker as healthier people opted not to buy coverage.
Collins and Murkowski were calmed by promises from Senate leadership and the president that Congress will advance a pair of separate bills intended to keep premiums down.
Immigration
Like the insurance promises that Collins and Murkowski got, Sen. Jeff Flake of Arizona voted for the tax bill in part because he was promised he would be part of a Republican effort to prevent deportation of undocumented immigrants who were brought to the United States as children.
Flake did not say he was promised a bill to protect so-called "DREAMers" would be passed before the tax bill. But it is not clear the House would make passage of such a bill a priority at all.
Sunset on individual rates
Where the House bill made most of its changes to brackets, credits, deductions and rates for individuals and families permanent, the Senate bill imposes them only for five years, after which the current tax code would kick back in.
Read it all at: https://www.usatoday.com/story/news/politics/2017/12/01/senate-tax-bill-provisions-house/914598001/
This is not over! We have time to be heard!
These key provisions of the Senate tax bill may be a tough sell in the House
House Republicans may balk at bill changesSource: USA Today, by Herb Jackson and Eliza Collins
Corporate rate delay
One of the most significant sections of the bill is the massive tax cut for corporations. Both bills would take the top corporate tax rate from 35% to 20%. However, the Senate cut would happen in 2019, while the House bill would have the 20% rate kick in next year.
Elimination of the estate tax
Currently estates up to $5.5 million are exempt from taxes, but both the House and Senate bills would raise that number to $10 million, at least to start. However, the House bill would increase the exemption above $10 million each year after next year, and eventually eliminate the estate tax after six years.
The Senate bill would leave the tax in place for estates over $10 million.
Repeal of the individual mandate
The Senate includes a repeal of the Obamacare provision that calls for an IRS fine on people who do not purchase insurance. The House bill did not, but not necessarily because of pushback from members. Trump started pressing for it to be included in a tax bill after the House had already crafted its bill.
The Congressional Budget Office estimated that within 10 years, 13 million fewer people would have insurance and those who buy it from government-managed exchanges would see rates increase by 10% a year because the pool of patients would be sicker as healthier people opted not to buy coverage.
Collins and Murkowski were calmed by promises from Senate leadership and the president that Congress will advance a pair of separate bills intended to keep premiums down.
Immigration
Like the insurance promises that Collins and Murkowski got, Sen. Jeff Flake of Arizona voted for the tax bill in part because he was promised he would be part of a Republican effort to prevent deportation of undocumented immigrants who were brought to the United States as children.
Flake did not say he was promised a bill to protect so-called "DREAMers" would be passed before the tax bill. But it is not clear the House would make passage of such a bill a priority at all.
Sunset on individual rates
Where the House bill made most of its changes to brackets, credits, deductions and rates for individuals and families permanent, the Senate bill imposes them only for five years, after which the current tax code would kick back in.
Read it all at: https://www.usatoday.com/story/news/politics/2017/12/01/senate-tax-bill-provisions-house/914598001/
This is not over! We have time to be heard!
December 1, 2017
A mother. A father. Their baby son.
Christians EVERYWHERE are scratching their heads...
A Dotard's version of Christmas?
https://twitter.com/realDonaldTrump/status/936395008139198464"The Christmas Story begins 2,000 years ago with a mother, a father, their baby son and the most extraordinary gift of all—the gift of God’s love for all of humanity.
"Whatever our beliefs, we know that the birth of Jesus Christ and the story of his life..."
"Whatever our beliefs, we know that the birth of Jesus Christ and the story of his life..."
A mother. A father. Their baby son.
Christians EVERYWHERE are scratching their heads...
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Number of posts: 16,104
