GOP Tax Bill: Senate bill approved 1am 12/20; House bill approved; POTUS signs bill into law

Discussion in 'Higher Learning' started by The Black Panther, Oct 26, 2017.

  1. Black Panther

    Black Panther King of Wakanda Hall of Fame Supporter

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  2. Pressure

    Pressure #PanthersPosse Supporter

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    I'm ready for the republicans to drive this country further into debt. It's one more thing I don't have to hear about from them during the campaigns and will hopefully lead to real discussion about lowering our military spending.
     
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  3. Piff Perkins

    Piff Perkins Veteran

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    It's not going to pass, as currently written. Tax REFORM is nearly impossible in this country, hence why it rarely happens. The deductions they're eliminating will raise taxes on a lot of people, including a lot of white folks in NY and other states. Hence why NY republicans in the House are threatening to torpedo the bill. Then you have deficit hawks upset about the small business full expensing idea, which will explode the deficit. Not to mention they might tax 401ks to "pay" for this, or getting rid of mortgage deductions which are very popular etc.....

    I'd bet money this ends with Trump passing a tax CUT, similar to Bush, that sunsets in 10 years. Way easier.
     
  4. DEAD7

    DEAD7 Veteran Hall of Fame Supporter

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    :ehh:
     
  5. DEAD7

    DEAD7 Veteran Hall of Fame Supporter

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    I believe its social security and healthcare that are the real issue, not military spending...



    That said military spending is higher than it needs to be.:manny:
     
  6. Pressure

    Pressure #PanthersPosse Supporter

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    This makes no sense at all.
     
  7. Black Panther

    Black Panther King of Wakanda Hall of Fame Supporter

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    "The issue" as far as what? :bpthink:
     
  8. DEAD7

    DEAD7 Veteran Hall of Fame Supporter

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    You suggested they should really talk(seriously) about military spending, but military spending isnt the real issue in my opinion.


    Our nations spending problem... or what I believe to be a spending problem.
     
  9. Hood Critic

    Hood Critic The Power Circle

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    The defense budget dwarfs both social security and healthcare spending...what in the world are you talking about "it isn't the real issue?"
    :what:
     
  10. acri1

    acri1 The Chosen 1 Supporter

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    He's just being a right-wing ideologue. :yeshrug:
     
  11. DEAD7

    DEAD7 Veteran Hall of Fame Supporter

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    :dwillhuh:My fault...I misunderstood what I read then.
    http://federal-budget.insidegov.com/l/119/2016
    I'll figure out how im reading this wrong and get back to you.


    :hubie:I'm not afraid to be wrong.
     
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  12. Black Panther

    Black Panther King of Wakanda Hall of Fame Supporter

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    Actually, brehs, I'm pretty sure we spend more on healthcare and SS than we do on the military. :kanyebp:
     
  13. 88m3

    88m3 Fast Money & Foreign Objects

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    be a shyt poster, brehs
     
  14. Black Panther

    Black Panther King of Wakanda Hall of Fame Supporter

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    perverted_monks and Hood Critic dapped this.
  15. Hood Critic

    Hood Critic The Power Circle

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    Actually you may not be entirely off base.

    The problem with this discussion is differentiating discretionary spending vs mandatory spending. Social security and healthcare are mandatory spending items that are budgeted on based off of some formula in regards to age and income level. While defense is based on appropriations.

    I need to dig into this a little more.
     
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