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About 60 percent of the gains are going to shareholders, compared with 15 percent for employees.
Just everyone who brings home a regular paycheck. It may not be big to you, but people getting an extra $30 in their check of $500 pays for a tank and a half of gas each week.
Remember that Obama put on that debt during 8 years. Trump will probably put up the same amount in 5 years or sooner if we get a recession. Which part of it is false again? How did Bush prosperity work out for you? Lucky for you, Obama was scared shitless and bailed everyone out.
Spending and debt are going up, up, up and
Sniper saysJust everyone who brings home a regular paycheck. It may not be big to you, but people getting an extra $30 in their check of $500 pays for a tank and a half of gas each week.
Great, $30. That same person is going to be paying 1%+ more on his or her mortgage due the supply of treasuries coming because of the huge deficit. So on $400K mortgage that's extra $333 every month min.
bob2356 saysSpending and debt are going up, up, up and
Reduced welfare rolls and increases in tariffs will fix this
"will probably" doesn't indicate much to me.
Someone with a $500 weekly check will not have a $400k mortgage.
HeadSet saysSomeone with a $500 weekly check will not have a $400k mortgage.
Ok. Let's say it's 100K mortgage. The mortgage cost still outweighs the tax benefit. Let's assume this person was planning to buy a house this year.
If the interest rates rise (especially in areas where houses can be bought with $100k mortgage), then the prices of houses will fall.
ROFLOL. How much of the tax cut is going to people to use for day to day actvities/bills and how much is for stock buybacks/dividends? Please let us have the numbers. The suspense is killing me.
If the economy is at near full employment what is the sense in a tax cut?
HeadSet saysIf the interest rates rise (especially in areas where houses can be bought with $100k mortgage), then the prices of houses will fall.
don't think so. The super rich who are getting most of the tax cut will use it to buy up those properties and rent them out to you at higher rent.
anotheraccount saysAgreed. Does not compute.HeadSet saysIf the interest rates rise (especially in areas where houses can be bought with $100k mortgage), then the prices of houses will fall.
don't think so. The super rich who are getting most of the tax cut will use it to buy up those properties and rent them out to you at higher rent.
That last statement has got to sound hollow and "grabbing at straws" even to you.
There is no tax break for stock buybacks, therefore none of it is going for stock buybacks.
Is there anything else I can help you with to ease any more suspense?
bob2356 saysSpending and debt are going up, up, up and
Reduced welfare rolls and increases in tariffs will fix this
bob2356 saysHow much of the tax cut is going to people to use for day to day actvities/bills
Just everyone who brings home a regular paycheck.
bob2356 saysTARP was under bush. Reagan signed the largest tax increase in peace time.
What did Obama sign?
The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111–5), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009.
The Democrat View of the Economy:
1. The American Dream is over, never to return.
2. Good paying Middle Class Blue Collar jobs are done with, never to return.
3. Many other jobs will quickly fall to Automation.
4. Therefore, we need to help millions of immigrants achieve the American Dream that doesn't exist, taking the handful of remaining decent blue-collars Jobs that are on the verge of extinction.
5. Any one who disagrees denies this unavoidable reality is a Bigoted, Ignorant, Xenophobic Racist.
The Democrat View of the Economy:
1. The American Dream is over, never to return.
2. Good paying Middle Class Blue Collar jobs are done with, never to return.
3. Many other jobs will quickly fall to Automation.
4. Therefore, we need to help millions of immigrants achieve the American Dream that doesn't exist, taking the handful of remaining decent blue-collars Jobs that are on the verge of extinction.
5. Any one who disagrees denies this unavoidable reality is a Bigoted, Ignorant, Xenophobic Racist.
Just everyone who brings home a regular paycheck.
Good tap dance . The question was how much of the tax cut is going to people to use for da to da activities/bills.
It may not be big to you, but people getting an extra $30 in their check of $500 pays for a tank and a half of gas each week.
The Democrat View of the Economy:
1. The American Dream is over, never to return.
2. Good paying Middle Class Blue Collar jobs are done with, never to return.
3. Many other jobs will quickly fall to Automation.
4. Therefore, we need to help millions of immigrants achieve the American Dream that doesn't exist, taking the handful of remaining decent blue-collars Jobs that are on the verge of extinction.
5. Any one who disagrees denies this unavoidable reality is a Bigoted, Ignorant, Xenophobic Racist.
Ok. Let's say it's 100K mortgage. The mortgage cost still outweighs the tax benefit. Let's assume this person was planning to buy a house this year.Why do you hate renters?
bob2356 saysJust everyone who brings home a regular paycheck.
Good tap dance . The question was how much of the tax cut is going to people to use for da to da activities/bills.
I'll repeat it again, since you seemed to miss it the FIRST time.
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https://www.forbes.com/sites/ryanellis/2018/03/09/democrats-release-tax-hike-plan/#1fa9e63e7b9e
Here are a few of the gems.
Basically if you're a small business owner, or a dual income family, FUCK YOU. - Insincerely, The Democrats.