What's in the Big Beautiful bill (1 Viewer)

[Ikari]

CBO says that 8 million could lose coverage.

Massive funding cuts to Medicaid and ACA. Our healthcare system is messed up, ACA didn't address the fundamentals, but setting the system so there's less people with medical coverage isn't going to help, it will do the opposite. And in the end, we will spend even more money than if we just had supported better medical coverage.

It's stupid, but hey, that 1% need more breaks.

 

[gbg3]

So yes to corporate welfare, no for medical support for Americans.

Seems about right.

If their low income warrants it, they'll qualify for Medicaid. But the sit at home and choose not to work at all when someone is capable - option won't be available. Do you sincerely think taxpayers who work should be funding the health care of those who simply choose to be lazy and are perfectly capable of work?

 

[BabaVoss]

I didn’t understand the logic behind “no tax on tips”.
I understand why it sounds good to those who work in the service industry.
A better idea would be ensure a national minimum wage.
A ‘carve out’ for tips makes no sense.
All work related income should be treated the same for tax purposes.
This is an unnecessary complication of our tax system., and ripe for abuse.

 

[gbg3]

Yes, but this time they'll slash Medicaid too.

I see you edited this comment to say Medicaid instead of Medicare. Good, because I've heard nothing at all about changes to Medicare.

 

[dmpi]

Yeah, the work requirement will knock a lot of people off Medicaid. And cost more money to run the program. It creates barriers that people find difficult to overcome.

It's interesting to me that you all hobble the IRS from collecting billions in unpaid taxes by the rich, but go all out to knock people off Medicaid when it actually costs us more money.

Screwed up priorities.

4.2% unemployment rate and people simply cannot or will not get a job. I think it's a reasonable time to get people life moving in the right direction.

 

[lynnwinslow]

This is over simplistic.
What do they spend their money on to live? How much is spent on drugs, alcohol, gambling, smoking/vaping and technology?
There is so much fraud out there that the left just wants go turn a blind eye.

Link?

 

[Queen Margo]

I didn’t understand the logic behind “no tax on tips”.
I understand why it sounds good to those who work in the service industry.
A better idea would be ensure a national minimum wage.
A ‘carve out’ for tips makes no sense.
All work related income should be treated the same for tax purposes.
This is an unnecessary complication of our tax system., and ripe for abuse.

A tip is a gratuity, free gift. If you gift a friend some money for a birthday, should the friend declare that on his taxes?

 

[BabaVoss]

This is over simplistic.

Is it?

What do they spend their money on to live?

What do you spend to live? Why is that relevant to the discussion?

How much is spent on drugs, alcohol, gambling, smoking/vaping and technology?

How much do you spend? Why is that relevant to the discussion?

There is so much fraud out there that the left just wants go turn a blind eye.

Fraud? What’s fraud are you talking about?

 

[Ikari]

If their low income warrants it, they'll qualify for Medicaid. But the sit at home and choose not to work at all when someone is capable - option won't be available. Do you sincerely think taxpayers who work should be funding the health care of those who simply choose to be lazy and are perfectly capable of work?

Yes, so you want more corporate welfare and less people with medical coverage. We know, you don't need to keep confirming it.

 

[BabaVoss]

A tip is a gratuity, free gift. If you gift a friend some money for a birthday, should the friend declare that on his taxes?

No. It is part of people’s income that they work for. It is part of their compensation.

 

[Ikari]

A tip is a gratuity, free gift. If you gift a friend some money for a birthday, should the friend declare that on his taxes?

Wrong. The reason we can pay servers below minimum wage is because they get tips. Tips are considered working salary, not gift.

 

[anatta]

My initial thoughts are this is not a bill catering to the rich. Quite the contrary. Some of these "tax breaks" are phased out for people making over $200,000 (SALT deductions) and seniors making more than $75,000 (elderly bonus deduction).

SALT is onerous. local states bleed their citizens and then want federal deductions. It's bound to be a cobbled together mess due to slight majorities. pass it and move on

 

[BabaVoss]

SALT is onerous. local states bleed their citizens and then want federal deductions. It's bound the a cobbled together mess due to slight majorities. pass it and move on

The alternative is paying taxes twice.

 

[Queen Margo]

Is it?


What do you spend to live? Why is that relevant to the discussion?


How much do you spend? Why is that relevant to the discussion?


Fraud? What’s fraud are you talking about?

You brought up this propping up the bottom earners as they spend the most to live and keep the economy going. It was extremely simplistic and you offered no ways of which they spend this money.

 

[Ikari]

I see you edited this comment to say Medicaid instead of Medicare. Good, because I've heard nothing at all about changes to Medicare.

I see you still seem to be supporting a budget that is punitive to the middle and lower classes while giving big breaks to corporations, the 1%, and adds trillions in debt.

 

[anatta]

"To be eligible for Medicaid, there would be new “community engagement requirements” of at least 80 hours per month of work, education or service for able-bodied adults without dependents. People would also have to verify their eligibility to be in the program twice a year, rather than just once."

This is from the link in comment 9. I think this is so important. Medicaid has strayed so far from its original intent with Medicaid expansion. There is simply no reason for unemployed, able bodied, working age individuals (without dependents) to qualify while they choose to sit home and not work. Furthermore, state reimbursement for those "expansion" people is significantly higher than it is for the original Medicaid group - and, unfortunately, that will likely NOT be addressed in this bill.

Medicade expansion for able bodied young workers is nuts

 

[Queen Margo]

Wrong. The reason we can pay servers below minimum wage is because they get tips. Tips are considered working salary, not gift.

Wrong. There is NO guarantee of a tip. There is a suggested amount, but it is NOT mandatory.

 

[anatta]

The alternative is paying taxes twice.

no. you pay state taxes, and you pay federal taxes.. why do high tax states get to deduct their fed taxes?

 

[dmpi]

The SALT deduction is a tricky area. I probably have around $15,000 of deduction I can take but I'm conflicted. My view is that states benefit from sales and property taxes, and those benefits should be rolled back to the people in state services and benefits. So why should the federal goverment 'cover the tab' for high tax states?

 

[Ikari]

Wrong. There is NO guarantee of a tip. There is a suggested amount, but it is NOT mandatory.

Wrong. If it's just a gift, you'd have to pay servers at least minimum wage.

 

[Queen Margo]

Wrong. If it's just a gift, you'd have to pay servers at least minimum wage.

So, if a server does not get a tip, should that server be able to write off a loss on their taxes?

 

[BabaVoss]

"The reason we can pay servers below minimum wage is because they get tips. Tips are considered working salary, not gift."

Wrong. There is NO guarantee of a tip. There is a suggested amount, but it is NOT mandatory.

While you are right - tips are not guaranteed- you are wrong about what this poster pointed out. Tips are considered part of their salary. It's income.

 

[Callen]

If their low income warrants it, they'll qualify for Medicaid. But the sit at home and choose not to work at all when someone is capable - option won't be available. Do you sincerely think taxpayers who work should be funding the health care of those who simply choose to be lazy and are perfectly capable of work?

The issue is much more than simply bring lazy. Who and how will a person's ability to work be judged? What about those living in rural areas or communities where work is not available. Up and moving isn't an easy option for many. While I agree able bodied people should be working , it's a lot easier in theory than in practice. I think this may well be the Achilles heel of the bill and will need to be substantially modified to get all Republicans on board. If so the proposed savings here may mean some tax cuts gets dropped.

 

[noonereal]

Sounds like it’s going to balloon the deficit.

It is.

Littered with ridiculous tax cuts and no serious reduction in expenses.

 

[noonereal]

Wrong. There is NO guarantee of a tip. There is a suggested amount, but it is NOT mandatory.

although correct, all people who work on such a system are guaranteed minimum wage

why should just tipped workers be tax exempt and not others?

BTW. some tipped workers make a very comfortable living.