The left's 'reverse Robin Hood' tax reform narrative is bunk

[TalkRadio]

Mr. Steyer claims tax cuts are taken “out of the hides of working families across the country,” and he points to the oft-cited Tax Policy Center finding that 87 million Americans will see their tax burdens increase due to this bill. What is left unsaid is that this finding is only possible if you make the unrealistic assumption that the bill’s middle-class tax cuts expire. In reality, no Congress would let this happen, but the bill must be framed this way because of Washington budget gimmickry.

The bill doubles the standard deduction to $24,000, meaning that the roughly 25 percent of American families that earn less than this threshold will pay no federal income tax at all. The tens of millions of working-class Americans who earn slightly above it will see their total tax bill significantly reduced as a result.

The Senate bill also kills the 15 percent tax rate that currently kicks in at just $18,650 of taxable family income in favor of an expanded 12 percent rate that covers earned income all the way up to $77,400.

The bill also doubles the child tax credit to $2,000 per child per year. This means the average family with children will save $2,000 to $3,000 dollars a year from this provision alone.

Taken together, these provisions would save ordinary families several thousand dollars a year. This may not be much money to some people, but it would provide overdue relief to the nearly half of all Americans who cannot cover an unexpected $400 expense, or the four-in-five working Americans who live paycheck-to-paycheck.

http://thehill.com/opinion/finance/364680-the-lefts-reverse-robin-hood-tax-reform-narrative-is-bunk

 

[Que]

They already had the talking points written and rehearsed before any language was drafted for any bill involving tax cuts. No matter what you cut it's going to be tax cuts for the rich. Considering 50% of the American public pays no federal taxes they obviously can't benefit from a tax cut.

 

[Rightguide]

All we have to remember when we listen to Democrats is, "if you like your doctor, you can keep your doctor if you like your plan you can keep your plan."

 

[Luk]

All we have to remember when we listen to Democrats is, "if you like your doctor, you can keep your doctor if you like your plan you can keep your plan."

How's 45Care going?

Yeah, thought so.

 

[Rightguide]

How's 45Care going?

Yeah, thought so.

There is no 45 Care, it's still Obamacare.

 

[Luk]

There is no 45 Care, it's still Obamacare.

You're goddamn right

 

[Rightguide]

You're goddamn right

It's still a fucking unsustainable disaster. In a couple of weeks, it will be better.

 

[Luk]

It's still a fucking unsustainable disaster. In a couple of weeks, it will be better.

LOL, you fucking dopey hack.

 

[Rightguide]

LOL, you fucking dopey hack.

But ten times smarter than you'll ever be, small person.

 

[Luk]

But ten times smarter than you'll ever be, small person.

I'm not at all smart. Guess how much 10x0 is? Ya fucking dipshit.

 

[coachdb18]

What the Democrats will never openly state about their tax plans is their unshakable belief that everything is free if you steal it.

 

[Hypoxia]

Turn yourself in now, you Kim-loving traitor. We're tired of waiting.

What the Democrats will never openly state about their tax plans is their unshakable belief that everything is free if you steal it.

The Gup plan will force massive deficits that can only be paid for by killing Social Security, Medicare, the whole social safety net. It's a plan to plunge millions into poverty and misery. You seem to like the prospect. Pathetic.

Turn yourself in now, traitor. Justice won't wait forever.

 

[coachdb18]

Turn yourself in now, you Kim-loving traitor. We're tired of waiting.
The Gup plan will force massive deficits that can only be paid for by killing Social Security, Medicare, the whole social safety net. It's a plan to plunge millions into poverty and misery. You seem to like the prospect. Pathetic.

Turn yourself in now, traitor. Justice won't wait forever.

Imagine the horror of a country of self-actualized, work favoring citizens who feel enthusiastic about their lives and their life’s work! Imagine cheating them of a government subsidized existence of subservience to an omnipotent government who’s only interested in taking care of everyone, because as the last ‘Dear Leader’ told us, you didn’t build that!

 

[ryan8558]

Utopia!!!!


Doesn't exist anywhere.

 

[Hypoxia]

Utopia!!!!


Doesn't exist anywhere.

Except in the Ayn-Rand-infested minds of political fantasists. Ignoring the social history of mankind, they imagine a perfect realm of rogue elements endlessly competing, trampling innocent bystanders, with only good flowing from the dialectical contradictions. Duh.

They imagine the third most populous nation on the planet, with a third of a billion souls (and rising), can function well without regulation of its economic system. Alas, Adam Smith said tight regulation of capitalists is necessary lest they buy gov't and establish tyranny. Mussolini labeled this fascism.

Power abhors a vacuum. A weak gov't is devoured by demagogues, cartels, warlords, kleptocrats, scum with no stake in a nation's viability. The 'Right' swallowed Raygun's poison kool-aid, the lie that "gov't isn't the solution; gov't is the problem," and work to dismantle gov't -- and thus society. Send millions into poverty and misery. It's for their own good. Yada yada bullshit.

We've seen a few attempts at utopia-building. They end in mass slaughter. UTOPIA: it's filled with blood.

 

[about_average]

Mr. Steyer claims tax cuts are taken “out of the hides of working families across the country,” and he points to the oft-cited Tax Policy Center finding that 87 million Americans will see their tax burdens increase due to this bill. What is left unsaid is that this finding is only possible if you make the unrealistic assumption that the bill’s middle-class tax cuts expire. In reality, no Congress would let this happen, but the bill must be framed this way because of Washington budget gimmickry.

What a short memory some people have.

I wonder what the republicans are so afraid of that they don't make them permanent.
Could it be the increase in the deficit that they have for so many years pretended like they opposed?

 

[Carnal_Flower]

Lol.

Well at least that was true for some people--actually many people.

It's a TAD better than "Those were the biggest inaugural crowds in history, PERIOD!"

Also, I hope you're still clinging to "I'm not going to touch Medicaid or Social Security" in a few years.

There's also this:

Trump's LIes Vs. Obama's Lies

In his first 10 months, Trump told nearly six times as many falsehoods as Obama did during his entire presidency​

In his first 10 months in office, he has told 103 separate untruths, many of them repeatedly. Obama told 18 over his entire eight-year tenure. That’s an average of about two a year for Obama and about 124 a year for Trump.

All we have to remember when we listen to Democrats is, "if you like your doctor, you can keep your doctor if you like your plan you can keep your plan."

To this we can add the latest R bullshit: "It's a middle class tax cut." Bwa ha ha'