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Democrats: "We will raise taxes if we take back congress in 2018!"

By Goran_K following x   2018 Mar 9, 4:25pm 3,627 views   61 comments   watch   sfw   quote     share    


You can't make this up. They literally want to halt the economy in its tracks.



https://www.forbes.com/sites/ryanellis/2018/03/09/democrats-release-tax-hike-plan/#1fa9e63e7b9e

Here are a few of the gems.


- Increase the top marginal income tax rate from 37 percent to 39.6 percent. This nearly 3 percentage point increase in the top personal rate is not only a hike in the top bracket levy, but it's also a direct tax increase on small and mid-sized businesses. The 30 million companies which are organized as sole proprietorships, partnerships, Subchapter-S corporations, and LLCs pay their business taxes on their owners' 1040 personal tax returns. Hiking the top tax rate is a small business tax increase.

- Increase the corporate income tax rate from 21 percent to 25 percent.

- Bring back the alternative minimum tax (AMT) for 4 million families.

- Cut the "death tax" standard deduction in half.


Basically if you're a small business owner, or a dual income family, FUCK YOU. - Insincerely, The Democrats.

Comments 1 - 40 of 61     Next »     Last »

1   Booger   ignore (1)   2018 Mar 9, 4:42pm   ↑ like (4)   ↓ dislike (0)   quote        

It's like they are not even trying to win!
2   Goran_K   ignore (2)   2018 Mar 9, 4:46pm   ↑ like (0)   ↓ dislike (2)   quote        

Booger says
It's like they are not even trying to win!


Seriously, most of middle-america is just starting to enjoy the bigger tax returns and after tax money and these dinosaur statist Democrats (who btw are at record low support in terms of donations) are already thinking of ways to take it away.

2018 November is going to be interesting.
3   Tenpoundbass   ignore (9)   2018 Mar 9, 4:51pm   ↑ like (3)   ↓ dislike (0)   quote        

Hey Bernie want my Money, well you can't have it, because the Super Delagants said No.
Thanks Hillary!
4   MisterLefty   ignore (0)   2018 Mar 9, 4:59pm   ↑ like (3)   ↓ dislike (0)   quote        

You didn't earn that wealth!



5   Strategist   ignore (1)   2018 Mar 9, 5:10pm   ↑ like (2)   ↓ dislike (0)   quote        

Dear Commie,
You can kiss my ass.
Capitalist
6   lostand confused   ignore (0)   2018 Mar 9, 5:33pm   ↑ like (3)   ↓ dislike (1)   quote        

dems are just nuts-multimillionare Pelosi, gazillionares in Hollywood and tech giants, multiple house owner Bernie all lecturing us middle Americans about giving up our money.
7   MrMagic   ignore (9)   2018 Mar 9, 7:16pm   ↑ like (2)   ↓ dislike (0)   quote        

Goran_K says
2018 November is going to be interesting.


Probably not. The brain dead Libbies are clueless. After all, they ran Hillary as their number one candidate.
8   Strategist   ignore (1)   2018 Mar 9, 7:38pm   ↑ like (3)   ↓ dislike (0)   quote        

My forecast....Republicans will gain seats due to the success of Trump.
The net worth of Americans reached $98 trillion thanks to Trump.
And dear socialists, don't give me the crap about most of the wealth being controlled by the rich, because the top 10 billionaires don't even control $1 trillion of the $98 trillion.
9   FortWayne   ignore (2)   2018 Mar 9, 8:34pm   ↑ like (3)   ↓ dislike (0)   quote        

CA homelessness is their experiment. High taxes, high homelessness. Their results speak for themselves. And their answer is... more of the stupid stuff that hasn't worked.

2020 - Eric Garcetti and Bernie Sanders. Mark my words, those two clowns are gonna be running for office.
10   HEYYOU   ignore (17)   2018 Mar 9, 11:08pm   ↑ like (0)   ↓ dislike (0)   quote        

Why are Trump & Republicans taking part of my profit?
They are in charge.
They are Tax Men!
They get a paycheck from "the profit they made off my dreams."
11   bob2356   ignore (1)   2018 Mar 10, 4:03am   ↑ like (4)   ↓ dislike (3)   quote        

Amazing. All the usual cast of characters that spent 8 years screaming about how obama deficits in the middle of a huge recession were ruining the country are now cheerleaders for borrowing more money than O ever did to pump up an already booming economy. After all it worked so well in 2007.

Where are the demands that the dinosaur statist republicans start reigning in spending? Spending and debt are going up, up, up and not a peep, Now spending and debt are a good thing. Where is the outrage? ROFLOL.. Cult brainwashing truly works well for people who don't want to actually think. .
12   Goran_K   ignore (2)   2018 Mar 10, 7:38am   ↑ like (2)   ↓ dislike (5)   quote        

bob2356 says
are now cheerleaders for borrowing more money than O ever did t


False.
13   Fivelbsbrowntrout   ignore (2)   2018 Mar 10, 7:44am   ↑ like (0)   ↓ dislike (1)   quote        

Goran_K says
bob2356 says
are now cheerleaders for borrowing more money than O ever did t


False.


Time will tell, once interest rates start heating up, which they will because of the tax cuts, that will increase deficit spending. Shit can hit the fan real quick. Time will tell.
14   Fivelbsbrowntrout   ignore (2)   2018 Mar 10, 7:54am   ↑ like (0)   ↓ dislike (1)   quote        

Obama only added $983 billion to the deficit. That's less than Reagan did.

https://www.thebalance.com/national-debt-under-obama-3306293
15   dr6B   ignore (1)   2018 Mar 10, 8:43am   ↑ like (4)   ↓ dislike (1)   quote        

5lbsbrowntrout says
Obama only added $983 billion to the deficit. That's less than Reagan did.

Horseshit. Obummer added $8.588 trillion, a 74 percent increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.

https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296

Your link goes through incredible mental gymnastics to get smaller numbers. Just subtract US debt when last Obama budget expired from debt when last Bush budget expired.

It is incredibly interesting to see that for Democrats, deficits do not matter when we have a D president (see Krugman), and for Republicans (see everywhere, including on this forum), deficits do not matter when we have a Republican president. I can sort of understand Reagan deficits - they were needed to make USSR go broke, but Bush $trillion deficits for chasing camel herders armed with AK-47's in mountains and giving trillions to drug manufacturers, and Obama $trillion deficits for bailing out banksters and medical insurance groups are beyond ridiculous.
16   DryMap   ignore (0)   2018 Mar 10, 8:51am   ↑ like (1)   ↓ dislike (4)   quote        

Don't worry. By the end of Trump's first term, the economy will be in recession. Raising taxes in that environment will not be possible. We have seen how this goes. This train ain't stopping until it crashes.
17   Fivelbsbrowntrout   ignore (2)   2018 Mar 10, 9:55am   ↑ like (2)   ↓ dislike (2)   quote        

DryMap says
Don't worry. By the end of Trump's first term, the economy will be in recession. Raising taxes in that environment will not be possible. We have seen how this goes. This train ain't stopping until it crashes.


2 dislikes, what, people can't handle the truth?

If the economy is at near full employment what is the sense in a tax cut?
18   anotheraccount   ignore (1)   2018 Mar 10, 9:59am   ↑ like (1)   ↓ dislike (4)   quote        

Goran_K says
False.


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.
19   mell   ignore (1)   2018 Mar 10, 10:21am   ↑ like (4)   ↓ dislike (1)   quote        

bob2356 says
Amazing. All the usual cast of characters that spent 8 years screaming about how obama deficits in the middle of a huge recession were ruining the country are now cheerleaders for borrowing more money than O ever did to pump up an already booming economy. After all it worked so well in 2007.

Where are the demands that the dinosaur statist republicans start reigning in spending? Spending and debt are going up, up, up and not a peep, Now spending and debt are a good thing. Where is the outrage? ROFLOL.. Cult brainwashing truly works well for people who don't want to actually think. .


Not true. People objected to the bailouts not tax cuts. Obummer bailed out the wealthy and then raised taxes on everybody.
20   mell   ignore (1)   2018 Mar 10, 10:26am   ↑ like (2)   ↓ dislike (1)   quote        

5lbsbrowntrout says
DryMap says
Don't worry. By the end of Trump's first term, the economy will be in recession. Raising taxes in that environment will not be possible. We have seen how this goes. This train ain't stopping until it crashes.


2 dislikes, what, people can't handle the truth?

If the economy is at near full employment what is the sense in a tax cut?


To increase the net monies people have available and reduce govt waste. Makes perfect sense.
21   missing   ignore (1)   2018 Mar 10, 10:59am   ↑ like (2)   ↓ dislike (1)   quote        

mell says
5lbsbrowntrout says
DryMap says
Don't worry. By the end of Trump's first term, the economy will be in recession. Raising taxes in that environment will not be possible. We have seen how this goes. This train ain't stopping until it crashes.


2 dislikes, what, people can't handle the truth?

If the economy is at near full employment what is the sense in a tax cut?


To increase the net monies people have available and reduce govt waste. Makes perfect sense.


Makes perfect sense to those who don't know how the economy works. It leads to overinvestment and eventually recession, or possibly worse.

Tax cuts can be good for the economy, but the recent ones weren't in the mid to long term - neither for how they were structured, nor for their timing.
22   mell   ignore (1)   2018 Mar 10, 11:03am   ↑ like (2)   ↓ dislike (1)   quote        

FP says
mell says
5lbsbrowntrout says
DryMap says
Don't worry. By the end of Trump's first term, the economy will be in recession. Raising taxes in that environment will not be possible. We have seen how this goes. This train ain't stopping until it crashes.


2 dislikes, what, people can't handle the truth?

If the economy is at near full employment what is the sense in a tax cut?


To increase the net monies people have available and reduce govt waste. Makes perfect sense.


Makes perfect sense to those who don't know how the economy works. It leads to overinvestment and eventually recession, or possibly worse.

Tax cuts can be good for the economy, but the recent ones weren't in the mid to long term - neither for how...


Overinvestment? Lol no for most it's just having more cash for day to day activities and bills.
23   MrMagic   ignore (9)   2018 Mar 10, 11:07am   ↑ like (1)   ↓ dislike (0)   quote        

DryMap says
Don't worry. By the end of Trump's first term, the economy will be in recession.


It should be, we're in year 8 of the business cycle, it's way overdue for a correction.
24   MrMagic   ignore (9)   2018 Mar 10, 11:08am   ↑ like (2)   ↓ dislike (0)   quote        

anotheraccount says
Trump will probably


anotheraccount says
Which part of it is false again?


The "will probably" part.
25   missing   ignore (1)   2018 Mar 10, 11:56am   ↑ like (1)   ↓ dislike (1)   quote        

mell says
Lol no for most it's just having more cash for day to day activities and bills.


Lol, I didn't know that the rich in the US couldn't pay their bills.
26   just_passing_through   ignore (0)   2018 Mar 10, 12:04pm   ↑ like (1)   ↓ dislike (1)   quote        

bob2356 says
Cult brainwashing truly works well for people who don't want to actually think.


What do you call a guy with no arms and no legs floating in the ocean?
27   bob2356   ignore (1)   2018 Mar 10, 12:07pm   ↑ like (2)   ↓ dislike (0)   quote        

mell says

Not true. People objected to the bailouts not tax cuts. Obummer bailed out the wealthy and then raised taxes on everybody.


Amazing. Brainwashing works. TARP was under bush. Reagan signed the largest tax increase in peace time. Facts suck.
28   bob2356   ignore (1)   2018 Mar 10, 12:10pm   ↑ like (2)   ↓ dislike (1)   quote        

mell says


Overinvestment? Lol no for most it's just having more cash for day to day activities and bills


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.
29   bob2356   ignore (1)   2018 Mar 10, 1:06pm   ↑ like (1)   ↓ dislike (0)   quote        

just_passing_through says
bob2356 says
Cult brainwashing truly works well for people who don't want to actually think.


What do you call a guy with no arms and no legs floating in the ocean?


I rest my case.
30   anotheraccount   ignore (1)   2018 Mar 10, 1:11pm   ↑ like (1)   ↓ dislike (0)   quote        

bob2356 says
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.


Here is your answer: https://www.bloomberg.com/gadfly/articles/2018-03-05/five-charts-that-show-where-those-corporate-tax-savings-are-going

About 60 percent of the gains are going to shareholders, compared with 15 percent for employees.
31   bob2356   ignore (1)   2018 Mar 10, 1:57pm   ↑ like (0)   ↓ dislike (0)   quote        

anotheraccount says
About 60 percent of the gains are going to shareholders, compared with 15 percent for employees.


Note that there isn't a breakout of how much of the employees share is a 1 time bonus, that will very very likely to be conveniently paid going into the 2018 elections. That would of course be coincidence. What do you think the odds of an additional bonus from the tax savings happening the year after the election? Going to be real interesting to see the breakout then.

Shareholders include executives stock options. That would be the executives deciding on how the tax savings are spent. Do you suppose the top executives at apple and exxon are having trouble with day to day expenses and bills?
32   MrMagic   ignore (9)   2018 Mar 10, 2:16pm   ↑ like (2)   ↓ dislike (0)   quote        

bob2356 says
TARP 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 approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019

https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009

bob2356 says
Amazing. Brainwashing works.


Sure does.

bob2356 says
Facts suck.


They certainly do!!
33   MrMagic   ignore (9)   2018 Mar 10, 2:16pm   ↑ like (2)   ↓ dislike (0)   quote        

bob2356 says
How 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. 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.

Just "crumbs" as your hero, Nancy Pelosi would say.
34   MrMagic   ignore (9)   2018 Mar 10, 2:16pm   ↑ like (3)   ↓ dislike (0)   quote        

FP says
mell says
Lol no for most it's just having more cash for day to day activities and bills.


Lol, I didn't know that the rich in the US couldn't pay their bills.


So, 150 million workers who have seen an increase in their checks the past month are all considered "rich" now?
35   MrMagic   ignore (9)   2018 Mar 10, 2:16pm   ↑ like (4)   ↓ dislike (0)   quote        

5lbsbrowntrout says
If the economy is at near full employment what is the sense in a tax cut?


Being at full employment and having extra cash to spend in the economy are two completely different animals. Just because people are working (many with two jobs) doesn't make a strong economy.

Economics 101.
36   anotheraccount   ignore (1)   2018 Mar 10, 2:25pm   ↑ like (0)   ↓ dislike (1)   quote        

Sniper says
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.


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.
37   Goran_K   ignore (2)   2018 Mar 10, 5:25pm   ↑ like (3)   ↓ dislike (2)   quote        

anotheraccount says

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.


"will probably" doesn't indicate much to me.
38   Booger   ignore (1)   2018 Mar 10, 6:22pm   ↑ like (2)   ↓ dislike (1)   quote        

bob2356 says
Spending and debt are going up, up, up and


Reduced welfare rolls and increases in tariffs will fix this
39   HeadSet   ignore (1)   2018 Mar 10, 6:44pm   ↑ like (1)   ↓ dislike (1)   quote        

anotheraccount says
Sniper says
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.


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.



Way to "number shop." Someone with a $500 weekly check will not have a $400k mortgage. Also, most mortgages are fixed rate and will not "go up 1% " because of "treasury supply" or any other reason.
40   CBOEtrader   ignore (2)   2018 Mar 10, 8:35pm   ↑ like (1)   ↓ dislike (1)   quote        

Booger says
bob2356 says
Spending and debt are going up, up, up and


Reduced welfare rolls and increases in tariffs will fix this


To fix this Trump will have to reign in the MIC. End the frivolous wars that team Bush/Obama/Clinton got us into and our financial problems melt away.

Best president of my lifetime.

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