Tax bill

[over the mountain]

Originally Posted by CRedskinsRule

just a note, you realize that the refundable part of the child tax credits went up in this right? meaning a mother who has two children and 0 tax liability will still see her tax refund go up by nearly $1500. I don't know the exact number so if I'm high or low I am sorry, but the point is that the new tax bill does put money in the hands of those all along the scale. But honestly unless you simply believe in pure redistribution (socialism) if a taxpayer pays $0 in income tax, they are not going to get the same benefit from tax reform as someone who is paying $100,000 in taxes.

Again though, even the mere point of the argument is so outside of the reality that nearly everyone is going to see more take home cash this year vs. last that it's sad our system of political discourse is too broke to acknowledge that.

1 - where are you seeing that a parent with 0 tax liability will actually get a refund for child tax credits? What I read is that it is a credit and not refundable but Im not sure if that is for 2017 taxes or 2018.

2 - My bone to pick is with the hypocrisy of it all. The temporary 7 year reduction in fed taxes is some kind of shiny dangling object to distract us from the fact that we will actually be paying more in taxes after 7 years and we will have to cut major programs like medicaid, medicare, social security, infrastructure, education, fed programs to pay for this permanent corporate and top 2% windfall.

I dont need the extra $20 every 2 weeks if I am just going to have to pay it back in 7 years and we have to make major fed program cuts.

Seems like some sleazy car salesman saying they will pay for the first months payment ... never mind the fact that we are overpaying for the car to begin with.