Jump to content
Washington Football Team Logo
Extremeskins

Tax Bill


LadySkinsFan

Recommended Posts

****!!!  Hopefully the Senate version will get jacked up or when they try to combine them they can’t.   

 

Depressing,  talk about socialism.  This is a mass movement of wealth from the poor and middle class to the top through government policy. 

Link to comment
Share on other sites

Wondering how many of the Congressmen who voted for this bill are hoping that it doesn't actually get passed.  And how many actually want it to.  

 

And wondering which group I hate worse.  

 

So, now that they've actually passed something, is there some place we can get actual details about it?  Maybe a CBO score?  

 

  • Like 1
Link to comment
Share on other sites

Current and future infrastructure projects take a big hit too.

 

https://www.bloomberg.com/news/articles/2017-11-17/trump-vow-to-fix-third-world-u-s-airports-is-hurt-by-tax-bill

 

Quote

President Donald Trump has compared landing at Los Angeles International and other U.S. airports to arriving in a third-world country. But a provision in the tax bill passed by the House of Representatives would eliminate a tool central to his $1 trillion pledge to upgrade airports and other public works.

 

The House measure would eliminate a form of tax-exempt debt called private-activity bonds. That would leave Los Angeles World Airports, which runs LAX, with the choice of scaling back projects in its $14 billion modernization plan or finding $500 million in new revenue because of higher borrowing costs, Chief Financial Officer Ryan Yakubik said in a interview.

 

“Certainly, it had been made clear that infrastructure was a great priority, and that finding ways to do that was important,” Yakubik said. “This doesn’t seem pointed in that direction.”

 

While the Trump administration has called for expanding the use of the bonds to attract more private investment in U.S. infrastructure, the House tax bill passed on Thursday would eliminate them after Dec. 31. Airport executives, state transportation officials and other advocates unsuccessfully lobbied lawmakers to remove the provision. It’s not in the current Senate plan, and they’re pushing to keep it out of any final bill.

 

 

Advocates say losing the tax exemption would mean airports, port authorities, state and local governments and other entities would complete fewer projects or face higher costs at a time the American Society of Civil Engineers has said the U.S. needs an additional $2 trillion for infrastructure by 2025. Trump has promised to invest $1 trillion over 10 years.

 

“They just won’t be able to do these deals,” Toby Rittner, president and chief executive of the Council of Development Finance Agencies, said by phone. “At the end of the day, you just hope smart-minded people in the House and Senate see the ramifications of this.”

 

Hope you travel by private jet and not commercial.  

Link to comment
Share on other sites

2 hours ago, PleaseBlitz said:

Current and future infrastructure projects take a big hit too.

 

https://www.bloomberg.com/news/articles/2017-11-17/trump-vow-to-fix-third-world-u-s-airports-is-hurt-by-tax-bill

 

 

Hope you travel by private jet and not commercial.  

 

I guarantee Trump cannot name more than 3 tax provisions in this bill that don't directly impact his own personal wealth. But somehow it's the Dems that have lost touch with the middle class. 

  • Like 1
Link to comment
Share on other sites

25 minutes ago, Hersh said:

 

I guarantee Trump cannot name more than 3 tax provisions in this bill that don't directly impact his own personal wealth. But somehow it's the Dems that have lost touch with the middle class. 

 

I doubt that there are 3 tax provisions in this bill that don't directly impact (positively) his own personal wealth.  

Link to comment
Share on other sites

i still want one of these republicans to explain to me how "Get rid of the loopholes" turned into cutting medical, education, state and local tax deductions, and stopping child deductions at 1 (for a married household, guess it's 2 with a single parent)

 

that's the exact opposite of loopholes

 

i mean what the **** exactly is it you think loopholes are?

 

they're not things majority of americans get. that's the opposite. idiots.

 

  • Like 2
Link to comment
Share on other sites

10 minutes ago, tshile said:

obviously the GOP has seen the demographic reports on voter turn out

 

the uneducated vote gop

so

let's go after education

 

Well yea, the tax bill is policy used as a weapon.  Educated folks tend to vote Dem, so lets make education hurt.  High tax states like NY and Cal tend to vote Dem, so lets remove the SALT deduction.  I'm sure more will come out as details continue to come out.  

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...