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Temporary Tax-Cuts 2.0


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It's not all-that-difficult to "predict" Republican-strategy.....when they're so nostalgic for the Pa$t.

 

Quote

 

BU$HCO

December 22, 2009

"The curious may want to know why the Bush tax cuts are set to expire in the first place. After all, if then-President George W. Bush and Congress thought they were a good idea when they passed them in the early 2000s, why make them temporary?

 

The answer is that President Bush and a complicit Congress didnt want to show the magnitude of the deficits that would result from their tax cuts. To hide those deficits as they were pushing them through they used a variety of accounting tricks. One of those tricks was attaching expiration dates so that, on paper, there wouldn’t be any long-term costs. This made the long-term deficit picture look fairly rosy on paper even as it doomed Bush’s successor and the current Congress to cleaning up the mess."

 

https://www.americanprogress.org/issues/economy/news/2009/12/22/7092/let-the-bush-tax-cuts-on-the-wealthy-expire/

 

 

 

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The NEW HU$TLE???

November 16, 2017

Corporate Tax Cuts; Permanent!

Individual Tax Cuts; Temporary!!!

https://www.forbes.com/sites/kellyphillipserb/2017/11/16/senate-markup-would-make-individual-tax-cuts-temporary-corporate-tax-cuts-permanent/#6232745056c2

 

 

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Totally f-Ing ridiculously & transparently  hypocritical and the BASE loves it!

 

why are we trying to help people who seem interested only in the destruction of others, but who are sealing their own fates in the process? 

 

They will not learn if we keep saving them from the ugly consequences of their  votes. 

Those with brains can adapt to the cynical

future that they are intent on bringing about.

The stupid are not fit to survive their own choices. How ironic.

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35 minutes ago, IDontTypetoTrolls said:

Totally f-Ing ridiculously & transparently  hypocritical and the BASE loves it!

 

why are we trying to help people who seem interested only in the destruction of others, but who are sealing their own fates in the process?

 

Hell......MO$T-of-'em figure they're gonna be dead-and-gone, when the s-h-i-t hits-the-fan......much like their attitude about the Environment/Global Warming.

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On 11/19/2017 at 4:33 PM, IDontTypetoTrolls said:

Totally f-Ing ridiculously & transparently  hypocritical and the BASE loves it!

 

Yeah, I'm guessing Crazy Ol' Uncle Orrin is assuming (not what you'd consider much of a gamble) ....since the Teabaggers/Trumpoids hadn't, yet, discovered politics (until Obama was elected, anyhow) .....they're not all-that-aware of how badly Lil' Dumbya had screwed the taxpayers.....right-before he'd launched his profit-heavy War.

 

http://thehill.com/policy/finance/360660-tax-cuts-in-senate-bill-would-evaporate-in-a-decade-analysis

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November 28, 2017

 

"Amid the final push to pass the Senate tax plan, which is at a make-or-break moment today, Republicans have now hatched two separate schemes, each designed to win over a different bloc of undecided senators. But, the two maneuvers could contradict each other — and the contradiction would neatly reveal the big scam at the heart of this whole enterprise.

 

Several deficit-hawk senators, such as Bob Corker (R-Tenn.) and Jeff Flake (R-Ariz.), are demanding that some kind of “trigger” be added to the bill, which would raise taxes later if the plans tax cuts end up adding to the deficit. The bill would boost the deficit by $1.4 trillion in the short term. Some Republicans have argued that the spectacular growth unleashed by the plan would offset that, but Corker and company (and many economists) are skeptical; hence the demand for a tax-hike trigger. As of now, how this trigger would work, and whose taxes would go up, are unspecified.

 

At the same time, Senate Republicans are currently looking at ways to make the bill more generous to owners of “pass-through” businesses, to win over holdouts Ron Johnson of Wisconsin and Steve Daines of Montana. Research has shown that most pass-through income goes to the top 1 percent: As the New York Times put it, to win them over, Republicans are “increasingly tilting” their plan “to benefit wealthy Americans.”

 

But heres the rub of the matter: As one tax analyst tells me, if Republicans make the plan more generous to the wealthy by doing more for pass-throughs (to win over some senators), this would also add to the deficit (which should drive away the others). And this leads us right back to the con at the heart of this whole affair.

 

The center of the Senate GOP tax plan is a large permanent cut to the tax rate paid by corporations. These would themselves overwhelmingly benefit the wealthy, because the vast majority of their benefits would go to shareholders and capital. But Republicans face two challenges. The first is to sell this primarily as a middle-class tax cut, so voters accept it. They do this by front-loading a bunch of preferences for the middle class along with cuts to individual rates across the board. The second challenge is to do this while simultaneously making the case that the plan would not balloon the deficit, to hold on to deficit-hawk senators and because if it raises the deficit in the long term, procedurally it cant pass by simple majority with only Republican votes. Republicans address this problem by ending all the middle-class preferences and individual rate cuts after 2025.

 

But the problem is that the second imperative undermines the first. Because the middle-class benefits must be temporary to avoid busting the long-term deficit, analyses have found that in the long run, it would shower enormous long-term benefits on the rich while the benefits to the middle class fade away and taxes go up later for many less-fortunate earners. The whole point of back-loading the losses, on to that latter group later, is to prevent the permanent corporate tax cuts from ballooning the long-term deficit, allowing a huge permanent tax cut overwhelmingly benefiting the rich to pass with no Democrats."

 

https://www.washingtonpost.com/blogs/plum-line/wp/2017/11/28/gops-new-scheme-to-save-trumps-tax-plan-reveals-the-scam-at-its-core/?utm_term=.8ec5657acc33

 

 

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December 22, 2009

 

"The curious may want to know why the Bush tax cuts are set to expire in the first place. After all, if then-President George W. Bush and Congress thought they were a good idea when they passed them in the early 2000s, why make them temporary?"

 

https://www.americanprogress.org/issues/economy/news/2009/12/22/7092/let-the-bush-tax-cuts-on-the-wealthy-expire/

 

 

SERIOUSLY???

REPUBLICANS ARE GOING TO BE ALLOWED TO RUN THIS SCAM, AGAIN??!!!!

 

https://www.irishtimes.com/news/bush-s-tax-cuts-sounded-too-good-to-be-true-for-democrats-1.286029

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