patrick.net

Sniper says

If that's the case, why didn't MORE repubs vote against it? They haven't been afraid to vote against other bills this year.

anon_3b28c says

It's a complete sell-out to the 1% donors of the Republican party. Senators have even gone on record saying they have to pass this or else they will not get any donations when it comes time to run for re-election They don't even hide the fact that they are bought and paid for by the 1%. It's very sad.

Fucking White Male says

The most basic lie is a simple one...that a tax "cut" is actually an expense or somehow a giveaway.

It's not an expense its a pay cut, which increase the amount by which the government already cannot pay its bills.

The budget score came in approximately an hour after the bill passed in the Senate. Just as standard process and norms dictate. (snicker)
https://www.jct.gov/publications.html?func=startdown&id=5046
And, the score is exactly as McConnell promised. "Should be Revenue Neutral" ... meaning it absolutely isn't.

There ARE things worth ballooning the deficit over, like an infrastructure bill, like stabilizing a collapsing economy. Tax breaks for myself and millionaires didn't make my list. Did they make yours?

The calculator has been updated with the final bill.

Ran the numbers again: yuuuge tax break for me despite deductions cap at $10K

Rew says

It's not an expense its a pay cut, which increase the amount by which the government already cannot pay its bills

Were just gonna let this sentence incubate.

anon_313db says

That stat about 250K/500K was only about california Prop 30. Regarding Trump's tax plan - it's clear that he and his apparatchiks are trying to punish "lexus liberals" who live primarily in CA and New York/Jersey. However, there will be serious collateral damage among wealthy core republicans especially those who live in orange county. Talk about irony - they primarily voted for him hoping for a tax cut only to be slammed with a tax increase....

Nope. For the first time since the Great Depression, the crony capitalists in Orange County decided their future was better in the corruptible hands of Clinton. Not since FDR!
http://www.latimes.com/projects/la-pol-ca-2016-orange-county-results/

Cheer now. Your kids will pay for all this.

anon_313db says

Regarding Trump's tax plan - it's clear that he and his apparatchiks are trying to punish "lexus liberals" who live primarily in CA and New York/Jersey.

You're learning, voting Democrat and voting for Hillary has consequences.

But in reality, it's your STATE representatives that are fucking you over in those states. Stop voting for the Blue team.

anon_313db says

Regarding Trump's tax plan - it's clear that he and his apparatchiks are trying to punish "lexus liberals" who live primarily in CA and New York/Jersey.

Well, the calculator based on the final version of the bill disagrees: they won't be "punished".

Satoshi_Nakamoto says

anon_313db says

Regarding Trump's tax plan - it's clear that he and his apparatchiks are trying to punish "lexus liberals" who live primarily in CA and New York/Jersey.

Well, the calculator based on the final version of the bill disagrees: they won't be "punished".

Calculator shows that Cali millionaire household with $18,000 property taxes (1.5 million dollar home) and $60,000 in interest costs will pay a little more than $1,000 in federal taxes than they used to. The punishment will be unbearable...

You forgot state income tax deduction.
I’m not remotely close to a millionaire but SALT deduction cap at $10K hurt my refund dramatically.


anon_7ebb1 says

Satoshi_Nakamoto says

anon_313db says

Regarding Trump's tax plan - it's clear that he and his apparatchiks are trying to punish "lexus liberals" who live primarily in CA and New York/Jersey.

Well, the calculator based on the final version of the bill disagrees: they won't be "punished".

Calculator shows that Cali millionaire household with $18,000 property taxes (1.5 million dollar home) and $60,000 in interest costs will pay a little more than $1,000 in federal taxes than they used to. The punishment will be unbearable...

All CA republican senators and House rep better brush up their resume because hey are all FIRED next election.

BorderPatrol says

All CA republican senators and House rep better brush up their resume because hey are all FIRED next election.

Except it was all the DEM elected politicians that voted for and allowed the ridiculous property taxes and state income taxes in the first place in CA.

Please focus on the real SOURCE of the problem.

Voting DEM has consequences!

BorderPatrol says

You forgot state income tax deduction.
I’m not remotely close to a millionaire but SALT deduction cap at $10K hurt my refund dramatically.

I'll call BS on this one.