Cartoon "sums" it up nicely: Here is the reality....

KGOldWolf

Here is the reality....

DaveO Loc: Northeast CT

Business as usual, nothing new.

rmalarz Loc: Tempe, Arizona

I wish people would understand and get things correct. There was no tax cut.
--Bob

KGOldWolf wrote:

Here is the reality....

KGOldWolf

DaveO wrote:

Business as usual, nothing new.

Actually Dave, you're right "business as usual" in terms of donations. What's new is the massive tax advantage the donors have received.... at the expense of who?

KGOldWolf

rmalarz wrote:

I wish people would understand and get things correct. There was no tax cut.
--Bob

Bob, we need not debate this issue. Everything I've read says there are tax cuts... corporations from 35% to 21%, many tax cuts on the personal side. Even George WIll's recent articles address the tax cuts, Milton Freedman and others far more knowledgeable than me define the reasons the tax cuts are trouble.

rmalarz Loc: Tempe, Arizona

Regardless of what you've read, there were no tax cuts. What was cut is the tax rate. A tax cut would yield less money for the government. I don't think that would ever get voted through.

Yes, it's a small technicality, but an important one. Taxes were not cut. The tax rate was.
--Bob

KGOldWolf wrote:

Bob, we need not debate this issue. Everything I've read says there are tax cuts... corporations from 35% to 21%, many tax cuts on the personal side. Even George WIll's recent articles address the tax cuts, Milton Freedman and others far more knowledgeable than me define the reasons the tax cuts are trouble.

KGOldWolf

rmalarz wrote:

Regardless of what you've read, there were no tax cuts. What was cut is the tax rate. A tax cut would yield less money for the government. I don't think that would ever get voted through.

Yes, it's a small technicality, but an important one. Taxes were not cut. The tax rate was.
--Bob

Bob, the distinction appears to me to be pedantry. Tax rate reductions versus the phrase "tax cuts" seems an unimportant distinction as both describe the same end result. If it is an important distinction, then it is my inability to grasp the point you are making.

Best wishes for a Merry Christmas and Happy New Year,
Ken

Frank T Loc: New York, NY

I hope all the Children who are losing their Healthcare will have a Merry Christmas too.

DaveO Loc: Northeast CT

MAGA

KGOldWolf

Frank T wrote:

I hope all the Children who are losing their Healthcare will have a Merry Christmas too.

They're getting a gift that keeps on giving.... a debt burden they will carry for the rest of their lives.... In fact, most of us are on the receiving end of that gift... so very thoughtful of them at this time of year!

Nevertheless, best wishes for a Merry Christmas and Happy New Year to all

Hal81 Loc: Bucks County, Pa.

Tax's Tax's Tax's That's what makes our country run so smoothly.

SharpShooter Loc: NorCal

rmalarz wrote:

I wish people would understand and get things correct. There was no tax cut.
--Bob

Duuuhhhhuahhhh!! LoL
SS

Texcaster Loc: Queensland

"Don't mention the war, I mentioned it once but I think I got away with it!" Basil Fawlty
https://www.bing.com/videos/search?q=don%27t+mention+the+war+fawlty+towers&view=detail&mid=6275193BF2BAD6D1CADF6275193BF2BAD6D1CADF&FORM=VIRE

LWW Loc: Banana Republic of America

KGOldWolf wrote:

Here is the reality....

What it sums up is that you believe whatever the party tells you to believe.

Wellhiem Loc: Sunny England.

rmalarz wrote:

Regardless of what you've read, there were no tax cuts. What was cut is the tax rate. A tax cut would yield less money for the government. I don't think that would ever get voted through.

Yes, it's a small technicality, but an important one. Taxes were not cut. The tax rate was.
--Bob

Regardless of whether you call it a tax cut or a cut in the rate of taxes, it will by definition result in less money for the government unless that shortfall is made up elsewhere. So where is that shortfall being made up from? Just to avoid any further misunderstanding, let's call it a redistribution of tax.