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People who use 2027 distribution tables to say tax plans hurt the middle class are being disingenuous. Tax writers had middle class tax cuts expire precisely because they know Congress will extend them. The damage is to the debt.
1) Respect their agency. Unlike the Bush cuts, which had everything expire, this bill deliberately has some things permanent. That's a choice. 2) Even in by 2025, tens of millions of people are losing (this is from the prev version, but is very similar).https://twitter.com/BBKogan/status/931721835351298048 …
Yep, it is a choice borne of experience. Dems let tax cuts on the rich lapse, extended all the others. So this time Republicans chose carefully which to make permanent -- the ones that a Democratic president wouldn't keep.
And the Dem president in 2025 is gonna let the internal offsets go forward? Really tough to game out the politics of a mixed bag, imo, which is why I'm not sure that using 2025 as steady state is fair. Especially given how many things we've seen expire, such as payroll.
You're right. The state and local tax deduction will be reinstated as will a bunch of other offsets when the Democrats are back in control. The cost of this tax cut will be very large.
So, you can see the future but no one else should speculate about 10 years from now. Must be so cool to have superpowers!
how about we just talk about what's in the bill and then everyone can do their own mind reading about the Republicans' intentions.
You know better, Dean.
CHIP says hi.
They wrote a bill that sucks. It gives permanent cuts to corporations, and some random rinky-dink for humans. Then it takes away the cuts for humans. It's shit. Don't defend it.
Who is defending it?
"they did the shitty thing for a reason that is ok, not the shitty reason everyone is talking about" is a defense
1) In 2002, Congress rewrote ESEA into No Child Left Behind. It included the insane goal that all students in USA would be above average by 2014
Stick to tax cuts. Apples to Apples. And for years NCLB was routinely extended until a new version was passed last year.
Routinely extended in its original form, stupid parts intact. I get that it's not a tax bill. But I do not believe in the benevolence of future Congress. If those tax cuts are supposed to be permanent, make them permanent.
They can't. If they made them permanent they wouldn't be able to avoid the filibuster.
They could make them permanent if they made cuts to the rich vulnerable to expiration, or if they cut the corporate tax rate slightly less than they want to.
Hmm, that's funny. CHIP hasn't been extended, so how do we know any potential benefits (few, if any) to the middle class will be extended?
People who use 2027 distribution tables to say tax plans hurt the middle class are being honest. How can you assume Congress will do anything? You cannot assume what the 2027 economy, Budget, war scenarios, etc. will be. The only certainty is the proposed change in law
In 2007, how many of us knew what the world would look like in 2017? Who foresaw a President Trump? Or Putin pulling strings as hackers determined our perceptions & election? Or Nazi “free speech” rallies? Or this duplicitous tax plan?
This sentiment is absurd considering every new class of Republican congress is getting progressively more reckless, a phenomenon essentially gerrymandered into perpetuity
Trusting what Representative Nugent or Senator Rock will or won't let expire is not really worth the effort. You have to take this at face value. Republicans have not earned the faith you for some reason show them
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