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(Talking Points Memo)   NRCC attacks Democrats for . . . not repealing part of Trump's tax cut package   (talkingpointsmemo.com) divider line
    More: Facepalm, Marjory Stoneman Douglas High School, Marjory Stoneman Douglas, Washington, D.C., President of the United States, Washington Examiner columnist Paul Bedard, United States Congress, Dan Scavino Hints, Republican Party  
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1548 clicks; posted to Politics » on 21 Oct 2021 at 7:04 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



20 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-10-21 12:45:04 PM  
This SALT thing is hilarious... tax the rich... except of course for the rich that live in high tax states. 🙄
 
2021-10-21 7:06:49 PM  
The 10k doesn't impact the mega rich, but it does hurt upper middle class people. That's why the Republicans put it in; the people most likely to be screwed by it are the latte-sipping, liberal elite who live in blue states.

Should be capped at 30 or 40k if you want to soak the rich and not screw over people who are "hundred thousandaires".
 
2021-10-21 7:08:33 PM  
"But you broke it?"
"And what are you going to do to fix it?"
 
2021-10-21 7:21:09 PM  
And the GQP's two santa scam, with the end goal being the destruction of the government as we know it, rolls on.

God damn Art Laffer and the most destructive napkin sketch in history to hell.
 
2021-10-21 7:21:29 PM  
There is an easy fix.
Repeal all of the Trump tax cuts and Trump tax increases on the working class Biden will not even talk about.
 
2021-10-21 7:23:02 PM  

sinner4ever: There is an easy fix.
Repeal all of the Trump tax cuts and Trump tax increases on the working class Biden will not even talk about.


That's not an easy fix though, it's an impossible one.  The owner class will not allow it to happen.
 
2021-10-21 7:28:38 PM  

PlaidJaguar: sinner4ever: There is an easy fix.
Repeal all of the Trump tax cuts and Trump tax increases on the working class Biden will not even talk about.

That's not an easy fix though, it's an impossible one.  The owner class will not allow it to happen.


I think it's worth accepting that America is on its steep decline due to an accumulation of wealth that is "too big to fail."

The bright side? They still let us have bourbon.

For now.
 
2021-10-21 7:33:00 PM  
Are there no currently sitting republican politicians who could cosponsor a bill to attempt to repeal what they're batching about?

Of course not. Whine, complain as loudly as possible, point fingers, swear to the public they are all on board to help middle to poor income classes, then vote a resounding NO when their own cosponsored bills come up for a vote.

I don't understand how republicans are missing completely that a helluva lot more people are paying closer attention to American politics than ever before, and that their continuation of being the party of NO and crazy Qidiots are not winning back independents, suburban women and the new youngins who have become not only eligible voters, but very proactive, organized eligible voters.

They truly believe antimask, antivaccine, continued misogyny, and kill the children with covid19 are winning strategies for 2022 & 2024.

Obviously there is also the plain fact that they have decided they no longer need voters of any kind, as republican state legislatures pass laws making it "legal" to steal any elections they wish.

Sadly that makes my initial comments of "the way it used to be" (gaining voter support) in the first 4 paragraphs, moot.
For that I weep for our country. ☹
 
2021-10-21 7:39:12 PM  

Fonaibung: PlaidJaguar: sinner4ever: There is an easy fix.
Repeal all of the Trump tax cuts and Trump tax increases on the working class Biden will not even talk about.

That's not an easy fix though, it's an impossible one.  The owner class will not allow it to happen.

I think it's worth accepting that America is on its steep decline due to an accumulation of wealth that is "too big to fail."

The bright side? They still let us have bourbon.

For now.


But I'm a vegan
 
2021-10-21 7:41:57 PM  

Fonaibung: PlaidJaguar: sinner4ever: There is an easy fix.
Repeal all of the Trump tax cuts and Trump tax increases on the working class Biden will not even talk about.

That's not an easy fix though, it's an impossible one.  The owner class will not allow it to happen.

I think it's worth accepting that America is on its steep decline due to an accumulation of wealth that is "too big to fail."

The bright side? They still let us have bourbon.

For now.


Booze, bullets and bacon, three things that everyone should be stockpiling.
 
2021-10-21 7:43:17 PM  

sinner4ever: There is an easy fix.
Repeal all of the Trump tax cuts and Trump tax increases on the working class Biden will not even talk about.


Repeal back to Clinton.  Put 10 year limits on trust funds which must be drawn down to $0, or the remainder is taxed at 90%.  Also eliminate capital gains and make all income subject to the tax brackets, marginal 70% at $1 million/year.
Not going to happen.
 
2021-10-21 7:46:03 PM  

suebhoney: I don't understand how republicans are missing completely that a helluva lot more people are paying closer attention to American politics than ever before, and that their continuation of being the party of NO and crazy Qidiots are not winning back independents, suburban women and the new youngins who have become not only eligible voters, but very proactive, organized eligible voters.

They truly believe antimask, antivaccine, continued misogyny, and kill the children with covid19 are winning strategies for 2022 & 2024.


That's basically the platform they ran on last year, and it earned them 71 million votes. I wouldn't rule them out.
 
2021-10-21 7:53:23 PM  
The SALT deduction, like the mortgage interest deduction, is completely indefensible.
 
2021-10-21 7:55:37 PM  
They say all politics is local.  Interested to see how New Jersey's Republican congressmen voted on the Trump tax cut and their position on the SALT limitation.
 
2021-10-21 8:08:16 PM  

BMFPitt: The SALT deduction, like the mortgage interest deduction, is completely indefensible.


It doesn't look great when viewed as a tax break, but there is logic to letting the states get first crack at taxing the rich, especially if we bring back very high federal tax rates.  Without SALT, a 90% federal rate could lead to total tax rates over 100%.

With the tax rates we currently have, I wouldn't say that it's needed, but it does give states more room to raise taxes on high earners, and it's arguably fairer to tax people on the income they actually see after state income tax, if we're trying to treat people with similar economic situations the same.
 
2021-10-21 8:11:46 PM  

suebhoney: antimask, antivaccine, continued misogyny, and kill the children with covid19 are winning strategies


because they are

I'm so angry I can't see straight and I don't think I'm at all in my right mind

starting to think I should have just LAUGHED at the dead people in Hurricane Katrina along with the Fox News assholes and stayed with the GOP.
 
2021-10-21 8:27:06 PM  

BMFPitt: The SALT deduction, like the mortgage interest deduction, is completely indefensible.


Bullshiat. A single tax on all people across the land without taking into account relative cost of living is what is indefensible. A person earning $150k a year in Manhattan is scraping by. A person making $150k in Mobile is a 1%er.
 
2021-10-21 9:56:14 PM  

buserror: It doesn't look great when viewed as a tax break, but there is logic to letting the states get first crack at taxing the rich, especially if we bring back very high federal tax rates.  Without SALT, a 90% federal rate could lead to total tax rates over 100%.


No, there isn't.  Also, that's not even a thing.

Without SALT, a 90% federal rate could lead to total tax rates over 100%.

Fark user imageView Full Size


With the tax rates we currently have, I wouldn't say that it's needed, but it does give states more room to raise taxes on high earners, and it's arguably fairer to tax people on the income they actually see after state income tax, if we're trying to treat people with similar economic situations the same.

If you have whatever amount of income, it is your choice whether to spend that income to live in a high cost area or not.  Federal taxes should be the same regardless of that choice.
 
2021-10-21 9:59:16 PM  

Shaggy_C: Bullshiat. A single tax on all people across the land without taking into account relative cost of living is what is indefensible. A person earning $150k a year in Manhattan is scraping by. A person making $150k in Mobile is a 1%er.


No, it's incredibly defensible to have federal taxes be the same no matter where you live.  (In the US at least.  Our taxation of citizens who don't live here is bullshiat.)

You do realize that this is how the income tax has worked ever since it's existed, right?
 
2021-10-22 1:33:26 AM  

BMFPitt: buserror: It doesn't look great when viewed as a tax break, but there is logic to letting the states get first crack at taxing the rich, especially if we bring back very high federal tax rates.  Without SALT, a 90% federal rate could lead to total tax rates over 100%.

No, there isn't.  Also, that's not even a thing.

Without SALT, a 90% federal rate could lead to total tax rates over 100%.

[Fark user image 300x429]


I was describing what was likely the original reason for the deduction, since at one point we had such tax rates -- and given how often the idea of returning to those rates comes up, it seemed relevant in the context of a claim that it's "completely indefensible".

With the tax rates we currently have, I wouldn't say that it's needed, but it does give states more room to raise taxes on high earners, and it's arguably fairer to tax people on the income they actually see after state income tax, if we're trying to treat people with similar economic situations the same.

If you have whatever amount of income, it is your choice whether to spend that income to live in a high cost area or not.  Federal taxes should be the same regardless of that choice.


Fark user imageView Full Size


Gee, isn't this level of discourse fun?
 
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