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POTUS 45.20 - Doddering Dotards Dodging Detente

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rufus said:
In addition, they talk about doubling the standard deduction, but in reality, they're simply folding the personal deduction into the standard deduction, and increasing that total a little bit, like $1500 maybe. Not double. Then they start taxing your first dollar earned at 12% instead of 10%, so yeah, there's some serious middle income tax relief right there. :rolleyes:

Then, you can't claim deductions for your kids anymore.

Hey, but rich people like Donald Trump, who make most of their money through pass-through businesses, can see their top rate fall from 35% to 25%, so you can see why Trumpy likes it.
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I'm interested to see what happens to the state and mortgage interest deductions. Trump and Republicans could really stick it to people living in the strongly liberal areas.
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

Kepler said:
Koch sits on the NPR board, now. They're completely beholden to rich donors, they're not going to say a peep about inequality.
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Didn't know that, not surprised really. Money changes everything
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

Spartanforlife4 said:
Trump won't waive the Jones Act for PR like he did for Texas and Florida.

Donald Trump doesn't care about brown people.
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http://gcaptain.com/american-mariti...garding-jones-act-relief-efforts-puerto-rico/

Circling back on this, since I'm probably the most knowledgeable about maritime stuff/issues. I will admit that I will obviously back the Jones Act, as it protects my industry, however the pros far outweigh the cons.

There are >3000 containers with vital supplies sitting in the port of San Juan (since Saturday) that have no means of getting distributed due to infrastructure issues, truck/driver issues. Crowley (a US shipping company, and pretty regular sight in San Juan) has had atleast 2 deliveries on board their vessels since Maria (probably more but I haven't really dug for info to confirm).

Waiving/repealing the Jones Act isn't going to do much at all to help this. This is a black and white scenario given TX, FL and PR. TX and FL have/had the capacity to see increased vessel movement into their ports, while also having the ability to transport on land upon delivery. PR has issues with both of those factors. Though it was widely viewed that the waiver for FL/TX wasn't particularly needed, either. The US Fleet has/had the capacity to handle it.

Related: "But the Jones Act increases costs!!". Yes and no. Sure, there are fees and tariffs associated with foreign ships trading between US ports. However, given the sheer amount these ships can transport, those fees aren't substantial in the overall picture. Also, foreign ships are known for operating at lesser costs due to paying crews MUCH less, and not having the standard for safety like the US companies have.

I agree that more should/needs to be done (and probably should have already been a priority), but again, the US fleet has plenty of capacity to take care of this. FWIW, not sure if it's been posted here, but FEMA finally (yesterday) decided to have the USNS Comfort (hospital ship) ordered to fire up and sail for San Juan. Also, MARAD activated Mass Maritime/SUNY Maritime training ships (and Ready Reserve Fleet ships) to aid in efforts in TX after Harvey. Mass's ship went to Corpus, came back to Miami just the other day, and has left there a couple days ago. It appeared it may have been getting sent to San Juan, though tracking apps aren't showing current positions for her. SUNY's ship got stopped short in Key West after Irma, while she was enroute to Houston, and is still located in Key West.
 
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Re: POTUS 45.20 - Doddering Dotards Dodging Detente

From Elizabeth Warren's Facebook.

The “new” Republican tax plan is the same warmed-over, trickle-down plan they’ve been pushing for decades. It delivers massive tax cuts to millionaires and giant corporations and kicks working families to the curb. While the plan slashes the income tax rate for the highest earners, it actually increases the income tax rate that applies to many working families. The plan gets rid of the state and local tax deduction that millions of working families rely on, while repealing the estate tax that applies only to a handful of the wealthiest families in the country. And the plan will explode the deficit, which – I guarantee you – will lead Republicans to turn around and say we need to gut Medicaid, Medicare, and investments in infrastructure, research, and education.

Not one penny in tax cuts for the wealthy and giant corporations – especially not on the backs of everyone else. We will fight back against this GOP tax plan.
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After my reading on the reporting I agree with her. Again, no new ideas from the GOP. Waiting patiently for just one on any topic.
 
Drew S. said:
I'm interested to see what happens to the state and mortgage interest deductions. Trump and Republicans could really stick it to people living in the strongly liberal areas.
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Reagan's original bill had it out, too. Sen. Moynihan (D-NY) put it back in.
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

joecct said:
Reagan's original bill had it out, too. Sen. Moynihan (D-NY) put it back in.
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It's funny how people are trying to paint it as a big benefit to the 'middle class.' The middle class benefits some, but not nearly as much as higher wage earners.
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

Drew S. said:
It's funny how people are trying to paint it as a big benefit to the 'middle class.' The middle class benefits some, but not nearly as much as higher wage earners.
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You remove the deductions for kids and mortgage, and the middle class ends up paying more, not getting cuts.

And btw, just who are these "people" trying to paint it as a middle class benefit? Why don't you call it like it is, instead of always making it seem like it's both sides doing it?
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

Drew S. said:
It's funny how people are trying to paint it as a big benefit to the 'middle class.'
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What people? I haven't seen a single actual human who has fallen for it. The GOP and Fox will lie about it, sure, but nobody real.

This gonna be a straight theft in broad daylight. They got some cover on Dubya's, and they actually had the fools cheering on Saint Ronnie's, but this one is just a straight smash and grab, no frills. "Try and stop us."
 
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Re: POTUS 45.20 - Doddering Dotards Dodging Detente

rufus said:
You remove the deductions for kids and mortgage, and the middle class ends up paying more, not getting cuts.

And btw, just who are these "people" trying to paint it as a middle class benefit? Why don't you call it like it is, instead of always making it seem like it's both sides doing it?
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Sorry, I was referring to ending the state tax deduction. I obviously did a horrible job wording my post(not for the first time.) The plan floated is a complete disaster. I'd keep the estate tax(George Washington was completely against transferring wealth between generations), get rid of or cap deductions to only benefit people who make under $200K, raise the top rate to 40%, and increase the standard deduction.
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

Drew S. said:
Sorry, I was referring to ending the state tax deduction. I obviously did a horrible job wording my post(not for the first time.) The plan floated is a complete disaster. I'd keep the estate tax(George Washington was completely against transferring wealth between generations), get rid of or cap deductions to only benefit people who make under $200K, raise the top rate to 40%, and increase the standard deduction.
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Holy sh-t. We agree. This is the big one, Elizabeth.
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

Kepler said:
Holy sh-t. We agree. This is the big one, Elizabeth.
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We probably agree on a lot of things. I think we would differ on what we would do with the extra revenue though. I would put it towards the deficit and I assume you would want to spend some of it.
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

dxmnkd316 said:
What's the issue with the state tax deduction?
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The Plan is to kill it. It's brilliant because it attacks the blue states who give a sh-t about their citizens, and doesn't scratch the red states who let their citizens die.

It's basically taxing civilization to pay for barbarism.

The free states should just secede from the slave states. After all the whining from the former it would be hilarious to go all Nullification on those boobs.
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

Drew S. said:
We probably agree on a lot of things. I think we would differ on what we would do with the extra revenue though. I would put it towards the deficit and I assume you would want to spend some of it.
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Some of it, yes, but I believe in deficit reduction too. OTOH: halve the defense budget and put every cent towards deficit reduction.
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

Kepler said:
Some of it, yes, but I believe in deficit reduction too. OTOH: halve the defense budget and put every cent towards deficit reduction.
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I'm not sure I would go that far, maybe 20% or so. There definitely is some sand there though. They should do more to reduce entitlement spending too; means testing, raise the retirement ages for social security, try to get people who can work off of SSDI, etc.
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

Drew S. said:
I'm not sure I would go that far, maybe 20% or so. There definitely is some sand there though. They should do more to reduce entitlement spending too; means testing, raise the retirement ages for social security, try to get people who can work off of SSDI, etc.
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Make entitlements into charity. Means test the f-ck out of them. Raise the estate tax on assets over $10M to 75%, $100M to 99%, $1B to 99.9%.
 
Re: POTUS 45.20 - Doddering Dotards Dodging Detente

walrus said:
Didn't know that, not surprised really. Money changes everything
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Probably because it isn't true. It's one of those internet tropes that gets repeated willy-nilly by those who want to believe. David Koch was a donor and on the board of trustees for WGBH (PBS Boston) for years. This was eventually conflated into "The Koch's bought PBS!" Koch resigned in 2013 and hasn't been a donor since. He's not on the NPR board. And NPR checked a while back and they could find no record of Koch's ever giving anything to NPR. Not that they couldn't be giving. Just that apparently nobody at NPR knows about it which would seem to be an odd way of going about controlling NPR.
 
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