Politics
Out of context: Reply #29147
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- yuekit2
“Yes, I love the idea of lower corporate taxes,” Fox Business Network host Trish Regan said of the Republican plan on her show last week, “but I really do not like what they’re doing on the individual side.”
The normally pro-Trump pundit who regularly guest-hosts on Fox News explained that savings that businesses will see would be offset by individual taxpayers.
“My concern here is it’s going to hurt the individual. And so, effectively, individuals are carrying the water for these corporations — they get that great tax cut on the corporate side, but people are not gonna get it on the individual side.”
The Republican plan cuts the corporate tax rate nearly in half. In order to pay for the permanent 21 percent corporate tax rate without increasing the deficit after 10 years, per Senate rules, Republicans allowed the tax cuts on individuals to expire.
- It's an interesting bait and switch they pulled on this...originally it was sold as tax cuts for everyone.yuekit
- Looks like the final plan will be permanent corporate tax cuts, individual tax cuts for only a few years while permanently eliminating deductions you can make.yuekit
- What's stranger, imho, is people actually bought the "middle class tax cuts" crap. It's the exact same GOP playbook, nothing new.formed
- They did what they always do. Trump sold lies, people bought it and are still defending it with crap like "well, not perfect, but any cut is good"formed
- if you look at global corporate taxes it seems fair. obama had preferred a 28%. the tax cut is a good thing for competition. how much apple money squirreled awa********
- y outside us border for such our tax code. the more money you get to keep in a society speaks volumes of its gov effectiveness. what you should care about is********
- spending. if they dont cut that this loss revenue falls on others. not that its no different than obamacare in method but still is wrong********
- CBO projections as proven wrong time and time again i dont believe the rep economic growth numbers********
- sick of the short term gain political moves. they need to cut spending. but that the achllles heel of politics. to cut spending means to roll back favors for********
- votes. how to change that? how to not make small dicked power hungry ppl apply to be police officers? i have no clue how to change the problem********
- disgusting this is how they think, not to mention incredibly naivemonospaced