Tax bill

[mooby]

Originally Posted by CRedskinsRule

80% of the people in the country will see some tax relief in their paychecks this year. Why can't we at least agree that's not a bad thing, I don't understand that.

I ain't even arguing that, of course all the plebs like myself will enjoy more money in their checks and/or tax returns. Just saying lowering corporate taxes doesn't lead to more job creation.

[MTK]

Woohoo can’t wait for the extra Andrew Jackson in my paycheck

[MTK]

No I don’t care about an extra $20 now if it’s going to cause issues down the road, or knowing that some wealthy asshole is the one that’s truly profiting hand over fist. Tax cuts never help the ones that truly need it, they don’t create jobs, and shit doesn’t trickle down. Stop trying to sell us the same tired BS. Just my worthless opinion on it.

[CRedskinsRule]

I'll gladly take anyone's 20 a week who doesn't want it. And if it's a big issue to you you can send your extra cash back to the government:
Gift Contributions to Reduce Debt Held by the Public
https://www.treasurydirect.gov/govt/...tm#DebtFinance
Gifts to Reduce the Public Debt

[over the mountain]

Credskins - thanks for the link. Your understanding seems correct.

How do you feel about Trump saying:

“I shouldn’t say this,” Trump said, “but we essentially repealed Obamacare.”

“Obamacare has been repealed in this bill. We didn’t want to bring it up,” he said. “I told people specifically, ‘Be quiet with the fake-news media because I don’t want them talking too much about it.’ Because I didn’t know how people would —.” Trump didn’t finish that thought, but he said he could admit what had been done “now that it’s approved.”

Wont the increase in premiums for health insurance be much greater than the temporary 2% reduction in fed taxes that I will enjoy for 7 years?

[CRedskinsRule]

Originally Posted by over the mountain

Credskins - thanks for the link. Your understanding seems correct.

How do you feel about Trump saying:

“I shouldn’t say this,” Trump said, “but we essentially repealed Obamacare.”

“Obamacare has been repealed in this bill. We didn’t want to bring it up,” he said. “I told people specifically, ‘Be quiet with the fake-news media because I don’t want them talking too much about it.’ Because I didn’t know how people would —.” Trump didn’t finish that thought, but he said he could admit what had been done “now that it’s approved.”

Wont the increase in premiums for health insurance be much greater than the temporary 2% reduction in fed taxes that I will enjoy for 7 years?

I'll defer to Schneed because I have hated the Affordable Care Act from the beginning, and it is one of those areas I don't think I think rationally on.

Fact is, in my opinion, both the tax bill, AND the affordable care act would have better served the country if both parties got their heads out of their group asses and worked for America rather than party line interests. I have said it before I would far prefer seeing a bill that gives ground on my causes - repealing the ACA - and had broad bipartisan support, but fact is the Democrats weren't going to work with President Trump, AND the Republicans weren't going to work with Pres Obama. In both cases the politicians put party ahead of the US interests. and it sucks.

But at this point, IF the dems want to preserve healthcare reform, or immigration reform, then work together and find the common ground and shut out both the progressive extremes and people like me, and get the government working again.

[Schneed10]

Originally Posted by over the mountain

Credskins - thanks for the link. Your understanding seems correct.

How do you feel about Trump saying:

“I shouldn’t say this,” Trump said, “but we essentially repealed Obamacare.”

“Obamacare has been repealed in this bill. We didn’t want to bring it up,” he said. “I told people specifically, ‘Be quiet with the fake-news media because I don’t want them talking too much about it.’ Because I didn’t know how people would —.” Trump didn’t finish that thought, but he said he could admit what had been done “now that it’s approved.”

Wont the increase in premiums for health insurance be much greater than the temporary 2% reduction in fed taxes that I will enjoy for 7 years?

When he says they effectively repealed ObamaCare, what he’s specifically referencing is the removal of the individual mandate. Before this tax bill passed, everyone had to obtain health insurance or pay a tax penalty. Now with this tax bill there’s no individual mandate. You can go without health insurance and not have to pay any penalty.

So this move effectively defanged the law. The whole point of ObamaCare was to force everyone to sign up, even if they were healthy, and that would help pay for the costs of the sick who signed up quickly.

But let’s be honest, the law had no teeth in the first place. The tax penalties were never set high enough - people just said man healthcare insurance is still more expensive than paying the tax penalty, I’ll just bite the bullet and pay the tax.

Still, parts of the law live on. You can keep your kids on your plan till they’re 26. And nobody can be denied for pre existing conditions. And you can still buy insurance on the exchanges, even if they’re not nearly the bargain everyone hoped they’d be.

So they did put another nail in ObamaCare’s coffin, but it was already being lowered into the ground anyway. Premiums were rising quickly before the penalty was repealed because everyone underestimated how sick the people signing up really were. And since the healthy never signed up, the insurance companies participating either exited or raised rates to keep up with the needs of this very sick population.

It’s a lesson - taking half measures is a half assed approach. You either need to force everyone into the same risk pool (single payer) or you need to retain choice and freedom at the cost of the lives and well-being of the working class.

[CRedskinsRule]

Also for the record, words have consequences, and I wish that Trump had Reagan's ability to communicate. Instead, he rarely misses an opportunity to put a foot in a mouth at a moment he should be using to highlight his success.

[MTK]

Trump is the one touting one of the major benefits of the bill as more jobs

[Giantone]

Originally Posted by MTK

Trump is the one touting one of the major benefits of the bill as more jobs

..................and there is this.


https://www.cnbc.com/2017/12/28/new-...od&par=xfinity

[Schneed10]

Originally Posted by MTK

Trump is the one touting one of the major benefits of the bill as more jobs

Yeah and he’s as uninformed as ever.

[CRedskinsRule]

Gov. Cuomo considering changes to state taxes in response to federal tax reform plan | WHEC.com

So high tax states can change their tax code to adapt to the new plan, SHOCKING.

As I said before, if the states don't want to be hit, then change their code to work within the new structure. Nothing wrong with that. I wonder if Cuomo and the NY legislature will actually carry through with it?

[Chico23231]

Originally Posted by CRedskinsRule

Gov. Cuomo considering changes to state taxes in response to federal tax reform plan | WHEC.com

So high tax states can change their tax code to adapt to the new plan, SHOCKING.

As I said before, if the states don't want to be hit, then change their code to work within the new structure. Nothing wrong with that. I wonder if Cuomo and the NY legislature will actually carry through with it?

Wow...huge positive imo. Good for New York. But we know who will benefit the most...G1 linked a chart early this week.

[CRedskinsRule]

Originally Posted by Chico23231

Wow...huge positive imo. Good for New York. But we know who will benefit the most...G1 linked a chart early this week.

I wonder if NY citizens will thank Trump for forcing a change in their tax code.

[MTK]

Originally Posted by CRedskinsRule

I wonder if NY citizens will thank Trump for forcing a change in their tax code.

Upstate probably would, the city and LI not so much