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Utopia Talk / Politics / MAGA: additional $3.8 trillion tax cut
Average Ameriacn
Member
Sat Sep 29 09:21:55
Trump will make us all millionaires!

http://for...e-3-8-trillion-tax-cut-passes/

Under the Fog of Kavanaugh, House Passes $3.8 Trillion More in Tax Cuts


September 28, 2018

With attention fixed on the Brett Kavanaugh confirmation hearings, the U.S. House of Representatives passed a new $3.1 trillion tax cut on Friday. The vote was 220 to 191, including three Democrats.

The down-to-the-wire 2017 tax act passed in late December contained a mix of permanent and temporary changes that had to result in a net increased cost that fell within a structural limit of $1.5 trillion that allowed the Senate to approve the bill with a simple majority.

The House’s new bill takes effect starting in 2025, and would add $600 billion to the national debt within the next decade, and then $3.2 trillion in the 10 years after that, according to Howard Gleckman of the Tax Policy Center.

Despite the House vote, it is unlikely the Senate will take up the legislation. The first round of tax cuts landed with a thud, with even a leaked Republican National Committee poll—reported on by Bloomberg News—showing American voters thought it benefited “large corporations and rich Americans” by an overall 2-to-1 margin and the same margin among independent voters.

Without special rules in place, the Senate would vote under normal procedures, which can require 60 senators’ votes to pass a bill that is heavily opposed.
Hot Rod
Revved Up
Sat Sep 29 10:01:09

Sounds good.

yankeessuck123
Member
Sun Sep 30 12:25:01
"The House’s new bill takes effect starting in 2025, and would add $600 billion to the national debt within the next decade, and then $3.2 trillion in the 10 years after that, according to Howard Gleckman of the Tax Policy Center."

Real good, Republican Rod.
Hot Rod
Revved Up
Sun Sep 30 12:52:24

I would imagine they are basing that on our current income. If you get a few million more workers making more money that would increase the revenue.

hood
Member
Sun Sep 30 12:57:48
Adding low wage jobs doesn't equate to much tax revenue.
Hot Rod
Revved Up
Sun Sep 30 13:12:14

At the rate they are going most minimum wage jobs will probably be in the $15 to $20 an hour at least. Maybe more.

I saw the other night where they said we need or will soon need 55,000 over the road truck drivers.

Most blue collar workers most likely will be graduating from good trade schools.

I know you don't believe it but if we maintain a majority in both houses in November then you ain't seen nothin' yet, the entire world's economy will really be cookin' by 2025.

We will just have to wait and see.

Wrath of Orion
Member
Sun Sep 30 14:01:55
lmfao

Oh Hack Rod, you and your delusions. Sometimes they're just precious.
Hot Rod
Revved Up
Sun Sep 30 14:49:31

"precious"

That's who you remind me of.

Forwyn
Member
Sun Sep 30 14:50:51
"soon need 55,000 over the road truck drivers."

"soon"

There's already a driver shortage, and it's not just over the road. Plenty of openings for local P&D. Kids can start making $25/hr as soon as they turn 21, with a high school education.

But Starbucks baristas are too good for that, and everyone has this retarded notion that self-driving semis will hit the streets in ten years.
Hot Rod
Revved Up
Sun Sep 30 14:55:26

I know there is a shortage but I can't remember if the guy said it reached that number yet.


Yeah, I know they are talking about self-driving trucks but I'm not sure they will make it in 10 years.

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