Merry Christmas: Senate Passes Tax Cut Bill 51-49

[Calminian]

Truly amazing. I think only Corker tried to sabotage. I truly believe McCain would have if he thought he'd be the deciding vote.


It’s Official – Senate Passes Trump Tax Cuts! President Gives Americans Greatest Christmas Present in Decades!

Senate Passes the Tax Cuts and Jobs Act 51-49

The Senate passed the Tax Cuts and Jobs Act on Thursday, which serves as one of the final steps for Congress to pass historic tax reform.

 

[thatbrian]

Not a single Democrat, "warrior for the working class" voted to reduce your taxes.

 

[Earth Wind and Fire]

Truly amazing. I think only Corker tried to sabotage. I truly believe McCain would have if he thought he'd be the deciding vote.


It’s Official – Senate Passes Trump Tax Cuts! President Gives Americans Greatest Christmas Present in Decades!

Senate Passes the Tax Cuts and Jobs Act 51-49

The Senate passed the Tax Cuts and Jobs Act on Thursday, which serves as one of the final steps for Congress to pass historic tax reform.

So borrowing 2 trillion from the Chinese is the right thing to do for Americans?

 

[InTheLight]

The Senate passed the Tax Cuts and Jobs Act on Thursday, which serves as one of the final steps for Congress to pass historic tax reform.

Fantastic. Another promise kept by Trump. This should get the nation on track for 4% and higher GDP growth. Buckle up. Thank you Republicans.



Sent from my Motorola Droid Turbo.

 

[Yeshua1]

Not a single Democrat, "warrior for the working class" voted to reduce your taxes.

They were having way too many problems with sexual predators on their side to focus on tax relief!

 

[Calminian]

Fantastic. Another promise kept by Trump. This should get the nation on track for 4% and higher GDP growth. Buckle up. Thank you Republicans.

Did you imagine a few months ago you'd be saying something like this?

 

[InTheLight]

Did you imagine a few months ago you'd be saying something like this?

I did say EXACTLY this a few months ago.

Hundreds of VA officials fired since Trump's inauguration

BREAKING: Supreme Court Backs ‘Strict Enforcement’ of Trump Travel Ban

In fact, I wish I could have said this about the tax reform bill a few months ago. If you remember (probably not) I've been advocating quick passage of this bill since about inauguration day. I was wondering what took so long. Thankful that it's finally done.

It's going to take about two years for corporations to really start investing their new found earnings into equipment, expansion, and new hiring. I figure the first year they will use the extra money to retire debt, pay shareholder dividends, give out executive bonuses, and buy back their own stock. Then in year two they will start actually spending on tangible stuff.

Meanwhile, the stock market is going to go crazy. I figure it will be up another 15% - 20% by this time next year. Dow will be around 28,000 points. Good times.

 

[Earth Wind and Fire]

I did say EXACTLY this a few months ago.

Hundreds of VA officials fired since Trump's inauguration

BREAKING: Supreme Court Backs ‘Strict Enforcement’ of Trump Travel Ban

In fact, I wish I could have said this about the tax reform bill a few months ago. If you remember (probably not) I've been advocating quick passage of this bill since about inauguration day. I was wondering what took so long. Thankful that it's finally done.

It's going to take about two years for corporations to really start investing their new found earnings into equipment, expansion, and new hiring. I figure the first year they will use the extra money to retire debt, pay shareholder dividends, give out executive bonuses, and buy back their own stock. Then in year two they will start actually spending on tangible stuff.

Meanwhile, the stock market is going to go crazy. I figure it will be up another 15% - 20% by this time next year. Dow will be around 28,000 points. Good times.

Any plan on how to pay the 2 trillion back?

 

[InTheLight]

Any plan on how to pay the 2 trillion back?

I'm sick and tired of being told the government is going to lose money if I get to keep mine. Cut spending!

Also, it's not going to be 2 trillion, it's more like a net of -520 billion over ten years. With the economic activity and job creation the tax cuts will bring I would call $52 billion a year a good deal.

 

[Earth Wind and Fire]

I'm sick and tired of being told the government is going to lose money if I get to keep mine. Cut spending!

Also, it's not going to be 2 trillion, it's more like a net of -520 billion over ten years. With the economic activity and job creation the tax cuts will bring I would call $52 billion a year a good deal.

How far in debt are we already?

 

[InTheLight]

How far in debt are we already?

$20 trillion.

The tax cut is not an expenditure. The tax cuts will create economic activity that will pay for it, or it won't. Remember we are talking about a tax cut that covers 10 years.

Look up the definition of "sunk cost".

Why not cut spending? With or without a tax cut they could have done that but haven't. So I say gimme my money back and the government can find ways to cut their own fat and slop.

 

[Earth Wind and Fire]

$20 trillion.

The tax cut is not an expenditure. The tax cuts will create economic activity that will pay for it, or it won't. Remember we are talking about a tax cut that covers 10 years.

Look up the definition of "sunk cost".

Why not cut spending? With or without a tax cut they could have done that but haven't. So I say gimme my money back and the government can find ways to cut their own fat and slop.

And you think that’s going to happen?

 

[InTheLight]

Obama's economic stimulus was $830 billion over ten years. That's $83 billion a year. What did you get out of it? What did most people get out of it? Nada.

On the other hand 62% of Americans will see a significant tax cut. Most corporations will see a significant tax cut.

 

[Calminian]

So, you're now claiming to be a Trump supporter?

....I was wondering what took so long. Thankful that it's finally done......

You were wondering what was taking Trump so long? It's no secret there are RINO saboteurs everywhere. If you want someone to criticize, look no further.

 

[InTheLight]

And you think that’s going to happen?

Do I think there will be increased economic activity and job creation as a result of the tax cuts? Absolutely.

 

[Earth Wind and Fire]

This doesn’t look so rosy to me in New Jersey so we will have to make up revenue by other means.

 

[Earth Wind and Fire]

Do I think there will be increased economic activity and job creation as a result of the tax cuts? Absolutely.

I’m a pessimist when it comes to having the government doing anything

 

[AwesomeMachine]

Any plan on how to pay the 2 trillion back?

Eliminate the useless half of government workers.

 

[Earth Wind and Fire]

Eliminate the useless half of government workers.

I agree and will go further... ie promote all types of gambling, prostitution and drugs and tax them. Increase luxury, tax churches... give them only what they need and tax them for everything else. And if they come into the state from other states, hit them hard. Also make these townships share facilities instead of being independent and encourage sub contractors for city work and fire the DPW maintenance crews. And I haven’t begun with austerity measures.

 

[Calminian]

I’m a pessimist when it comes to having the government doing anything

Then why do you vote for big gov. libs like Obama? Check the history of your party and see how backslidden it is. Kennedy did large tax cuts, even what you would consider tax cuts for the rich. He was pro-life, pro-military. He wouldn't have a chance at the dem nomination today.

I'd also urge you to look into the historical effects of tax cuts. You'll find they virtually always increase revenue.