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DavidMDrucker's profile
David M. Drucker
David M. Drucker
David M. Drucker
Verified account
@DavidMDrucker

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David M. DruckerVerified account

@DavidMDrucker

@dcexaminer Senior Political Correspondent, @CNN Political Analyst & contributing writer, @VanityFair's @VFHIVE

Washington, D.C.
washingtonexaminer.com
Joined January 2010

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    1. David M. Drucker‏Verified account @DavidMDrucker 9 Nov 2017

      Interesting feedback coming on the House GOP tax bill. On whether it benefits the middle class vs. the "rich"? I've talked to several wealthy Republicans crunched #s and don't see it as a give-away to them...

      3 replies 3 retweets 2 likes
      Show this thread
    2. David M. Drucker‏Verified account @DavidMDrucker 9 Nov 2017

      ...House Rs are directing their overhaul in two specific directions, middle class earning below $200K, & corporate side, which they believe is important for growth...

      2 replies 0 retweets 2 likes
      Show this thread
    3. David M. Drucker‏Verified account @DavidMDrucker 9 Nov 2017

      ...Voters at the lower end of the middle class scale, particularly $150K & less, could very well see a tax cut. Corporations could see relief for their tax burden. What about small businesses? Depends...

      4 replies 0 retweets 2 likes
      Show this thread
      David M. Drucker‏Verified account @DavidMDrucker 9 Nov 2017

      ...Republicans were politically sensitive about giving tax cuts to white collar professionals who make a good living, so they were excluded. Plus, needed to find ways to pay for the other cuts. But...

      4:23 AM - 9 Nov 2017
      • 1 Retweet
      • 1 Like
      • X-GOP2016 Erik Halvorsen
      1 reply 1 retweet 1 like
        1. New conversation
        2. David M. Drucker‏Verified account @DavidMDrucker 9 Nov 2017

          ...What if you run a business built around a blue collar trade, like plumbing or electrical work (electrician)? Then you're in luck, you get the 25% "Pass Through" rate, with one CAVEAT...

          1 reply 0 retweets 1 like
          Show this thread
        3. David M. Drucker‏Verified account @DavidMDrucker 9 Nov 2017

          ...The GOV'T is only going to let small businesses that qualify for the 25% rate declare it on 30% of their profits. Gov't will treat other 70% of profit as income & it will be taxed at potentially very high individual rate. Businesses won't have a choice in the matter, UNLESS..

          1 reply 4 retweets 5 likes
          Show this thread
        4. David M. Drucker‏Verified account @DavidMDrucker 9 Nov 2017

          ...They participate in gov't approved investments & buy equipment or other things that qualify for tax deductions or special treatment. Side note: This won't be simple & you'll still need accountants to figure it all out. END.

          1 reply 5 retweets 7 likes
          Show this thread
        5. End of conversation

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