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What is bad about the bill?Come on, Republicans. You have a golden opportunity to pass a bill that simplifies the tax code and gives permanent tax relief to the people you most need to get on your side - the middle class. You need to live up to your promise to reduce the deficit. You need to at least put forth the appearance of not wanting to help the wealthy and the corporations.
But you didn't. This bill is bad, and will negatively impact you for a very long time. This is history repeating itself. Look at what the ACA did to the Democrats.
It's depressing.
With the House of Representatives likely to take up the Republican tax reform bill Tuesday, the plan faces growing opposition and a widespread perception that it will benefit the wealthy more than the middle class, according to a new CNN poll conducted by SSRS.
Opposition to the bill has grown 10 points since early November, and 55% now oppose it. Just 33% say they favor the GOP's proposals to reform the nation's tax code.
Related: Full poll results
Two-thirds see the bill as doing more to benefit the wealthy than the middle class (66%, vs. 27% who say it'll do more to benefit the middle class) and almost four in 10 (37%) say that if the bill becomes law, their own family will be worse off. That's grown five points since early November. Just 21% say they'll be better off if the bill becomes law.
President Donald Trump, the bill's salesperson-in-chief, lands at an overall 35% approval rating in this poll, his worst mark yet in CNN polling by one point. Trump's approval ratings continue to be the lowest for any modern president at this point in his presidency. As of December of their first year in office, all first-time elected presidents back to Eisenhower have approval ratings of 49% or higher except for Trump.
More than six in 10 (63%) see the tax bill as leaving the President and his family better off. Just 5% think it harms the Trump clan. And disapproval of the President's handling of taxes has risen six points in the last month, to 57%.
More here:
Public opposition to tax bill grows as vote approaches
What is bad about the bill?
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What is bad about the bill?
Sent from my SM-G920P using Tapatalk
It's heavily slanted towards helping the ultra rich while boning the middle class. The feel-good cuts the middle class might see have an expiration date while the others for corporations and the top tier don't.
Can you explain why it's a good idea to get rid of the tax credit teachers could claim for buying supplies for their classrooms? Those freeloaders need to pay more so we can cut the estate tax, right? What a grand idea!
Come on, Republicans. You have a golden opportunity to pass a bill that simplifies the tax code and gives permanent tax relief to the people you most need to get on your side - the middle class. You need to live up to your promise to reduce the deficit. You need to at least put forth the appearance of not wanting to help the wealthy and the corporations.
But you didn't. This bill is bad, and will negatively impact you for a very long time. This is history repeating itself. Look at what the ACA did to the Democrats.
It's depressing.
With the House of Representatives likely to take up the Republican tax reform bill Tuesday, the plan faces growing opposition and a widespread perception that it will benefit the wealthy more than the middle class, according to a new CNN poll conducted by SSRS.
Opposition to the bill has grown 10 points since early November, and 55% now oppose it. Just 33% say they favor the GOP's proposals to reform the nation's tax code.
Related: Full poll results
Two-thirds see the bill as doing more to benefit the wealthy than the middle class (66%, vs. 27% who say it'll do more to benefit the middle class) and almost four in 10 (37%) say that if the bill becomes law, their own family will be worse off. That's grown five points since early November. Just 21% say they'll be better off if the bill becomes law.
President Donald Trump, the bill's salesperson-in-chief, lands at an overall 35% approval rating in this poll, his worst mark yet in CNN polling by one point. Trump's approval ratings continue to be the lowest for any modern president at this point in his presidency. As of December of their first year in office, all first-time elected presidents back to Eisenhower have approval ratings of 49% or higher except for Trump.
More than six in 10 (63%) see the tax bill as leaving the President and his family better off. Just 5% think it harms the Trump clan. And disapproval of the President's handling of taxes has risen six points in the last month, to 57%.
More here:
Public opposition to tax bill grows as vote approaches
A total of 1,001 adults were interviewed by telephone nationwide by live interviewers calling both landline and cell
phones. Interviews were conducted in English and Spanish. Among the entire sample, 33% described themselves
as Democrats, 23% described themselves as Republicans, and 44% described themselves as independents or
members of another party
Come on, Republicans. You have a golden opportunity to pass a bill that simplifies the tax code and gives permanent tax relief to the people you most need to get on your side - the middle class. You need to live up to your promise to reduce the deficit. You need to at least put forth the appearance of not wanting to help the wealthy and the corporations.
But you didn't. This bill is bad, and will negatively impact you for a very long time. This is history repeating itself. Look at what the ACA did to the Democrats.
It's depressing.
With the House of Representatives likely to take up the Republican tax reform bill Tuesday, the plan faces growing opposition and a widespread perception that it will benefit the wealthy more than the middle class, according to a new CNN poll conducted by SSRS.
Opposition to the bill has grown 10 points since early November, and 55% now oppose it. Just 33% say they favor the GOP's proposals to reform the nation's tax code.
Related: Full poll results
Two-thirds see the bill as doing more to benefit the wealthy than the middle class (66%, vs. 27% who say it'll do more to benefit the middle class) and almost four in 10 (37%) say that if the bill becomes law, their own family will be worse off. That's grown five points since early November. Just 21% say they'll be better off if the bill becomes law.
President Donald Trump, the bill's salesperson-in-chief, lands at an overall 35% approval rating in this poll, his worst mark yet in CNN polling by one point. Trump's approval ratings continue to be the lowest for any modern president at this point in his presidency. As of December of their first year in office, all first-time elected presidents back to Eisenhower have approval ratings of 49% or higher except for Trump.
More than six in 10 (63%) see the tax bill as leaving the President and his family better off. Just 5% think it harms the Trump clan. And disapproval of the President's handling of taxes has risen six points in the last month, to 57%.
More here:
Public opposition to tax bill grows as vote approaches
Polls are bull****.
They over sampled democrats, and WAY oversampled independents, who are typically liberals who dont want to be identified. And 1000 people certainly cant speak for the entire country. Meanwhile 50 million people voted for Republicans in the last election to do exactly what theyre doing.
Come on, Republicans. You have a golden opportunity to pass a bill that simplifies the tax code and gives permanent tax relief to the people you most need to get on your side - the middle class. You need to live up to your promise to reduce the deficit. You need to at least put forth the appearance of not wanting to help the wealthy and the corporations.
But you didn't. This bill is bad, and will negatively impact you for a very long time. This is history repeating itself. Look at what the ACA did to the Democrats.
It's depressing.
With the House of Representatives likely to take up the Republican tax reform bill Tuesday, the plan faces growing opposition and a widespread perception that it will benefit the wealthy more than the middle class, according to a new CNN poll conducted by SSRS.
Opposition to the bill has grown 10 points since early November, and 55% now oppose it. Just 33% say they favor the GOP's proposals to reform the nation's tax code.
Related: Full poll results
Two-thirds see the bill as doing more to benefit the wealthy than the middle class (66%, vs. 27% who say it'll do more to benefit the middle class) and almost four in 10 (37%) say that if the bill becomes law, their own family will be worse off. That's grown five points since early November. Just 21% say they'll be better off if the bill becomes law.
President Donald Trump, the bill's salesperson-in-chief, lands at an overall 35% approval rating in this poll, his worst mark yet in CNN polling by one point. Trump's approval ratings continue to be the lowest for any modern president at this point in his presidency. As of December of their first year in office, all first-time elected presidents back to Eisenhower have approval ratings of 49% or higher except for Trump.
More than six in 10 (63%) see the tax bill as leaving the President and his family better off. Just 5% think it harms the Trump clan. And disapproval of the President's handling of taxes has risen six points in the last month, to 57%.
More here:
Public opposition to tax bill grows as vote approaches
Exactly. If this bill is gonna help out the middle class so much, why does it expire for them?
Summary of the Legislation
Title I would amend numerous provisions of U.S. tax law. Among other changes, the bill would reduce most income tax rates for individuals and modify the tax brackets for those taxpayers; increase the standard deduction and the child tax credit; repeal deductions for personal exemptions; repeal or limit certain itemized deductions; and increase the exemption amounts for the individual alternative minimum tax. Those changes would take effect on January 1, 2018, and would be scheduled to expire after December 31, 2025. The bill also would permanently repeal the penalties associated with the requirement that most people obtain health insurance coverage (also known as the individual mandate).
Title I would also permanently modify business taxation. Among other provisions, beginning in 2018, it would replace the structure of corporate income tax rates, which has a top rate of 35 percent under current law, with a single 21 percent rate. The legislation also would substantially alter the current system under which the worldwide income of U.S. corporations is subject to taxation. Title II would direct the Secretary of the Interior to implement an oil and gas leasing program for the coastal plain of the Arctic National Wildlife Refuge (ANWR) and would affect oil and gas leases and the Strategic Petroleum Reserve.
Oddly enough more voted against them and just because imbeciles vote it does not mean they know what they do.Polls are bull****.
They over sampled democrats, and WAY oversampled independents, who are typically liberals who dont want to be identified. And 1000 people certainly cant speak for the entire country. Meanwhile 50 million people voted for Republicans in the last election to do exactly what theyre doing.
Nicely done. You hit every alt-right talking point in a single post.
Exactly. If this bill is gonna help out the middle class so much, why does it expire for them?
There's a major tax bill that comes around every 10 years or so anyway. Things in politics are only "permanent" until the next administration comes in.
More than half the country opposed Obamacare when it was passed. Should that have prevented it from becoming law?Polls are fake news, Tres. You should know this.
Polls are bull****.
They over sampled democrats, and WAY oversampled independents, who are typically liberals who dont want to be identified. And 1000 people certainly cant speak for the entire country. Meanwhile 50 million people voted for Republicans in the last election to do exactly what theyre doing.
With the MSM spewing "news" of how bad (better for "the rich" is touted as bad?) this tax law change is then it is no surprise that it is unpopular. Unlike PPACA, which promised the average household a $2,500 annual savings, I suspect that the tax law changes will result in their advertised "raise" in the average paycheck.
This puts the demorats into a bit of a bind - if they are against the tax reductions already in place by the 2018 elections then the only remedy is to run on a policy of proposing federal income tax increases. There are simply not enough millionaires (the top 5 to 7%?) to git-r-done (to raise over $1.5T more in tax revenue?) without resorting to delveing into the paychecks of those that consider (rightly or wrongly) themselves to be middle class. One must remember Feinstein's recent twitter lament that those with average homes (worth between $750K and $1M) are suffering a tax increase - that hardly seems consistent with the argument that "the rich" are getting a huge tax break.
That is the one question everyone is asking. Republicans wrote a bill that creates permanent cuts for those that need it least, and temporary cuts for those that need it most. On top of all of that they use those temporary cuts as proof that it is a bill that greatly benefits working families. They think we are so damn stupid that we can't understand how slanted that reasoning is. The "elitist Democrats" talking point is getting more and more meaningless as the days go on.Exactly. If this bill is gonna help out the middle class so much, why does it expire for them?
More than half the country opposed Obamacare when it was passed. Should that have prevented it from becoming law?
Come on, Republicans. You have a golden opportunity to pass a bill that simplifies the tax code and gives permanent tax relief to the people you most need to get on your side - the middle class. You need to live up to your promise to reduce the deficit. You need to at least put forth the appearance of not wanting to help the wealthy and the corporations.
But you didn't. This bill is bad, and will negatively impact you for a very long time. This is history repeating itself. Look at what the ACA did to the Democrats.
It's depressing.
With the House of Representatives likely to take up the Republican tax reform bill Tuesday, the plan faces growing opposition and a widespread perception that it will benefit the wealthy more than the middle class, according to a new CNN poll conducted by SSRS.
Opposition to the bill has grown 10 points since early November, and 55% now oppose it. Just 33% say they favor the GOP's proposals to reform the nation's tax code.
Related: Full poll results
Two-thirds see the bill as doing more to benefit the wealthy than the middle class (66%, vs. 27% who say it'll do more to benefit the middle class) and almost four in 10 (37%) say that if the bill becomes law, their own family will be worse off. That's grown five points since early November. Just 21% say they'll be better off if the bill becomes law.
President Donald Trump, the bill's salesperson-in-chief, lands at an overall 35% approval rating in this poll, his worst mark yet in CNN polling by one point. Trump's approval ratings continue to be the lowest for any modern president at this point in his presidency. As of December of their first year in office, all first-time elected presidents back to Eisenhower have approval ratings of 49% or higher except for Trump.
More than six in 10 (63%) see the tax bill as leaving the President and his family better off. Just 5% think it harms the Trump clan. And disapproval of the President's handling of taxes has risen six points in the last month, to 57%.
More here:
Public opposition to tax bill grows as vote approaches
More than half the country opposed Obamacare when it was passed. Should that have prevented it from becoming law?
I agree. Curious that people think a poll should determine whether a bill should be passed or not.Uh, no?
It expires for everyone due to reconciliation rules. Read the bill. Page one states the tax rate changes only apply through 2025.
‘(1) IN GENERAL.—In the case of a taxable
19 year beginning after December 31, 2017, and before
20 January 1, 2026—
21 ‘‘(A) subsection (i) shall not apply, and
‘(B) this section (other than subsection
2 (i)) shall be applied as provided in paragraphs
3 (2) through (6).
Only the business changes are permanent.
Lowers the corporate income tax rate permanently to 21 percent, starting in 2018.
You're confident that you're going to see a $4000 pay raise, tw? You're one of almost 126 million households in this country. That would be a $503 billion pay increase across the board. Given that the Treasury collected $297 billion in corporate income taxes in fiscal year 2017, before the tax cut, how do you square that?
https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0917.pdf
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