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[BREAKING] DONALD TRUMP CUT TAXES WHILE PINKY...

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Old 22-11-2017, 12:27 PM   #1
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[BREAKING] DONALD TRUMP CUT TAXES WHILE PINKY...

http://time.com/5032779/donald-trump-christmas-tax-cut/

(WASHINGTON) — President Donald Trump on Monday promised a tax overhaul by Christmas, even as a nonpartisan tax analysis group said the Senate package would leave half of taxpayers facing higher levies by 2027.

Speaking before a Cabinet meeting, Trump said, “We’re going to give the American people a huge tax cut for Christmas — hopefully that will be a great, big, beautiful Christmas present.”

Trump spoke as the Tax Policy Center said that while all income groups would see tax reductions, on average, under the Senate bill in 2019, 9 percent of taxpayers would pay higher taxes that year than under current law. By 2027, that proportion would grow to 50 percent, largely because the legislation’s personal tax cuts expire in 2026, which Republicans did to curb budget deficits the bill would create.

The policy center, a joint operation of the liberal-leaning Urban Institute and Brookings Institution, found that low-earners would generally get smaller tax breaks than higher-income people.

In 2019, those making less than $25,000 would get an average $50 tax reduction, or 0.3 percent of their after-tax income. Middle-income earners would get average cuts of $850, while people making at least $746,000 would get average cuts of $34,000, or 2.2 percent of income.

The center also said the Senate proposal would generate enough economic growth to produce additional revenue of $169 billion over a decade. That’s far short of closing the near $1.5 trillion in red ink that Congress’ nonpartisan Joint Committee on Taxation has estimated the bill would produce over that period.

The top Democrat on the Senate Finance panel, Sen. Ron Wyden of Oregon, said the study showed that “middle-class Americans will ultimately see a tax hike under Republicans’ plan while corporate sponsors line their own pockets with multi-trillion-dollar giveaways.”

Antonia Ferrier, spokeswoman for Senate Minority Leader Mitch McConnell, R-Ky., cited a separate study by the Tax Foundation. That conservative-leaning group has said the Senate bill would produce higher wages, nearly 1 million new jobs and enough economic growth to generate nearly $1.3 trillion in federal revenue.

“The Tax Foundation has laid out in unambiguous terms how critical the Senate tax bill is to hard-working families and job creators,” Ferrier said.

The House approved a tax measure Thursday slicing corporate and personal taxes by $1.5 trillion over the coming decade. That evening, the Senate Finance Committee approved a similar plan, which like the House version devotes the bulk of its reductions to corporations and other businesses.
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Old 22-11-2017, 12:28 PM   #2
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Americans are getting a FASTER in action, CHEAPER salary, BETTER president....


Meanwhile in sinkieland....

lol
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Old 22-11-2017, 12:30 PM   #3
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Sinkies deserved what they voted for hahahahahahahaa
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Old 22-11-2017, 12:34 PM   #4
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while all income groups would see tax reductions, on average, under the Senate bill in 2019, 9 percent of taxpayers would pay higher taxes that year than under current law. By 2027, that proportion would grow to 50 percent, largely because the legislation's personal tax cuts expire in 2026



Tax cut out tax increase??

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Old 22-11-2017, 12:38 PM   #5
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15% corporate tax have or not ? if have i move everything over.
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Old 22-11-2017, 12:43 PM   #6
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while all income groups would see tax reductions, on average, under the Senate bill in 2019, 9 percent of taxpayers would pay higher taxes that year than under current law. By 2027, that proportion would grow to 50 percent, largely because the legislation's personal tax cuts expire in 2026



Tax cut out tax increase??

https://www.themaven.net/theintellectualist/news/experts-gop-tax-plan-will-raise-taxes-on-50-of-americans-A1i_TEx-PUK_aSl_QhJHVQ


Yah, every one got their own story. Who to believe?
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Old 22-11-2017, 12:48 PM   #7
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Trump cut tax for the rich. Punky raise tax for the poor.

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Old 22-11-2017, 12:48 PM   #8
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https://www.themaven.net/theintellectualist/news/experts-gop-tax-plan-will-raise-taxes-on-50-of-americans-A1i_TEx-PUK_aSl_QhJHVQ


Yah, every one got their own story. Who to believe?
Yeah, the link highlighted the exact part I did.


So, TS, Trump will cut tax cut OR increase tax?

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Old 22-11-2017, 12:49 PM   #9
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EMF

Unbelievable
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Old 22-11-2017, 12:54 PM   #10
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Reduce tax for the rich is right coz we are the class that create entire industries.
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Old 22-11-2017, 12:55 PM   #11
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We deserve this. 70% like high tax
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Old 22-11-2017, 01:08 PM   #12
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Some says Trump will not be a gd president. But just look at US economy after Trump took over, it is going up. Stock Dow is going up as well. Unemployment rate is going down. Some condemns on Trump firing words of war with NK, but the fact is NK has alr stopped shooting missiles for two months.

Trump way of doing things doesn't like to make it look gd on the outside (like his image and what he says etc), but he produced results.
Compare him to others who wayang here and there and make themselves look gd and competent, but actually no results one can't do shiat

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Old 22-11-2017, 01:09 PM   #13
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If he can reduce corporate tax, not bad already

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Old 22-11-2017, 01:14 PM   #14
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Some says Trump will not be a gd president. But just look at US economy after Trump took over, it is going up. Stock Dow is going up as well. Unemployment rate is going down. Some condemns on Trump firing words of war with NK, but the fact is NK has alr stopped shooting missiles for two months.

Trump way of doing things doesn't like to make it look gd on the outside (like his image and what he says etc), but he produced results.
Compare him to others who wayang here and there and make themselves look gd and competent, but actually no results one can't do shiat
Pro business candidate, of course stock market goes up

If they have a socialist for a president, GG alr
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Old 22-11-2017, 01:19 PM   #15
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Pro business candidate, of course stock market goes up

If they have a socialist for a president, GG alr
Eh how, sg raising taxes to help poor leh

How bro?

You confused mah?
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