Republican Tax Increases Kicking In

[Carl Pickens]

He should be kicked

he should be kicked off Twitter for spreading misinformation

 

[BenGrimm]

Too meet budget rules. To make them permanent would have taken 60 votes to pass and none of the Dems would vote for it.

What were the budget rules that allowed them to make the corporate rates permanent but phase out the middle class? Is there a reason they couldn’t have set that up in reverse?

 

[Carl Pickens]

Does that mean that you will be happy to pay the Republican tax increases on the middle class? Not happy? Don't care? What?

The guy is full of packed sh**
Federal Tax Policy After the 2020 Election

 

[Vol Main]

You dolt, your party didnt make the tax cut permanent

I am not a dolt and do not have a Party, but you are implying that the tax increase was passed by the Democratic Party, and that is not true either. When Republicans passed their huge tax cuts for the top tax bracket, they also passed a tax increase on the middle class and differed it until this year, 2021. In one short sentence, you got three things wrong.

 

[Vol Main]

The guy is full of packed sh**
Federal Tax Policy After the 2020 Election

I do not know him, personally. Never even heard of him. Not into packing mens's sh** or flying that flag.

 

[Vol Main]

What about other tax brackets? Are they going up too?

This was passed a few years back, and I remember that the top bracket received immediate, permanent cuts and the middle class brackets went up later, in 2021. So I'd need to look into it more to give you a good answer. I'm going on memory.

 

[NEO]

This was passed a few years back, and I remember that the top bracket received immediate, permanent cuts and the middle class brackets went up later, in 2021. So I'd need to look into it more to give you a good answer. I'm going on memory.

So then make more money.

 

[hog88]

What were the budget rules that allowed them to make the corporate rates permanent but phase out the middle class? Is there a reason they couldn’t have set that up in reverse?

The Byrd rule. This article gives a good explanation.

Permanent Corporate Cuts vs. Temporary Individual Cuts - Tax Foundation

 

[BenGrimm]

The Byrd rule. This article gives a good explanation.

Permanent Corporate Cuts vs. Temporary Individual Cuts - Tax Foundation

So they could have reversed the permanence but chose corporations over individuals because they expected trickle-down to work this time. And that’s the Dems fault?

 

[LouderVol]

The Dem congress and Biden could fix this tomorrow if they wanted to, but we know that they won’t.

It's not in their best interest to fix things

 

[SpaceCoastVol]

I am not a dolt and do not have a Party, but you are implying that the tax increase was passed by the Democratic Party, and that is not true either. When Republicans passed their huge tax cuts for the top tax bracket, they also passed a tax increase on the middle class and differed it until this year, 2021. In one short sentence, you got three things wrong.

LOL

 

[NorthDallas40]

So they could have reversed the permanence but chose corporations over individuals because they expected trickle-down to work this time. And that’s the Dems fault?

Well that’s your whine narrative just as the article said it would be. Another has been Dem still robbing citizens of tax cuts even after he’s long gone from Congress, Byrd

The Finance Committee made the right decision in choosing the economy over optics and politics. The Chairman’s Mark makes the corporate rate cut and the international provisions permanent, but sunsets most the individual provisions in 2025, thus giving the public the impression the Committee favors big business over regular taxpayers.

 

[hog88]

So they could have reversed the permanence but chose corporations over individuals because they expected trickle-down to work this time. And that’s the Dems fault?

They chose the right course for the economy.

 

[hog88]

It's not in their best interest to fix things

Correct and it goes for both parties. Immigration could be fixed in short order also but that would just take away something to divide us with.

 

[BenGrimm]

Well that’s your whine narrative just as the article said it would be. Another has been Dem still robbing citizens of tax cuts even after he’s long gone from Congress, Byrd

So the right leaning Tax Foundation said it was the better choice to choose corporations over individuals back in 2017?

They chose the right course for the economy.

Yeah... because trickle-down has always worked so well in the past.

 

[hog88]

So the right leaning Tax Foundation said it was the better choice to choose corporations over individuals back in 2017?

View attachment 349450


Yeah... because trickle-down has always worked so well in the past.

It has.

 

[NorthDallas40]

So the right leaning Tax Foundation said it was the better choice to choose corporations over individuals back in 2017?

View attachment 349450


Yeah... because trickle-down has always worked so well in the past.

Sure they’re right center. They’re also factually consistent in their analysis. And yeah your head will spin and you will spit green pea soup before you admit that.

Go figure, an organization founded on responsible fiscal tax policy being right center. The outrage

 

[Volgolfer1618]

So they could have reversed the permanence but chose corporations over individuals because they expected trickle-down to work this time. And that’s the Dems fault?

corporate rates helped our company hire a bunch of people and our sales increased when the tax cuts started. We brought in alot of business these past 4 years. So id say the "trickling" down worked well.

 

[MG1968]

So the right leaning Tax Foundation said it was the better choice to choose corporations over individuals back in 2017?

View attachment 349450


Yeah... because trickle-down has always worked so well in the past.

Has Keynesian economics worked any better?

 

[Volgolfer1618]

So the right leaning Tax Foundation said it was the better choice to choose corporations over individuals back in 2017?

View attachment 349450


Yeah... because trickle-down has always worked so well in the past.

You're really ignorant of how economics works.

 

[SpaceCoastVol]

corporate rates helped our company hire a bunch of people and our sales increased when the tax cuts started. We brought in alot of business these past 4 years. So id say the "trickling" down worked well.

They prefer facts over truth.

LOL

 

[Vol Main]

So then make more money.

Good idea, but let's stop the hypocritical moaning about Democrats raising taxes. Republicans raised taxes on the middle class while cutting taxes on the top bracket. Unless you have annual income of $400,000, Biden will not raise your income taxes. If you do make that much, then you can take your own advice, because historical economic data shows Democratic tax policies grow the economy faster than Republican tax policies.

 

[volinbham]

You dolt, your party didnt make the tax cut permanent

They tried but Dems blocked that part - wonder why?

 

[volinbham]

Not surprisingly, this change is completely misrepresented by tweet.

No ‘Stealth Tax Hike’ in 2021, but Individual and Business Tax Increases Loom

While it is important to consider the impact of the TCJA on premium tax credits and health insurance take-up, it is misleading to call this effect a “stealth tax increase.” The decline in premium tax credits has nothing to do with a change in tax rates or the generosity of the credits as established under the ACA, but rather due to voluntary decisions individuals make about whether to purchase qualified health insurance.

 

[utvolpj]

Unless you have annual income of $400,000, Biden will not raise your income taxes.

That's a lie and has been proven. Figured you might have found that in your research