Thread: this is great
View Single Post
Old 05-30-2017, 10:53 AM   #22
PaulS
Registered User
iTrader: (0)
 
PaulS's Avatar
 
Join Date: Jul 2004
Posts: 10,194
Quote:
Originally Posted by Jim in CT View Post
A much better post, with things worth discussing. If Trump (or anyone in either party) proposes things that gut badly needed social programs for the benefit of the wealthy, that absolutely needs to be called out.All analysis of both the budget and Trumpcare state exactly that.

Trump is proposing to eliminate many federal income tax deductions. But you failed to point out that he is proposing tax rate decreases to offset this. So unless you know what the offsetting (presumably lower) tax rates are, you can't say who will see a net tax increase and who will see a tax decrease. If I lose my mortgage interest deduction, but my tax rate goes down by more than enough to offset that, I am happy. Right?Yes, but what about us who no longer have a mortgage bc we either took a less than normal term (like 15 or 20 years) or made extra payments to bring down the mortgage - housing expert say the average price of a house will fall 10% - 20%. The price of a house is where most of middle America has the majority of their wealth. Why make his proposal such that the only people who will benefit have an mortgage over 680K? Those folks are not middle America. I actually don't think there sb a mortgage deduction.

The National Endowment of the Arts - why the hell should a coal miner in west Virginia be subsidizing opera tickets for the swells in Manhattan? Let them pay for their own opera tickets. We love fishing the way many people love art (except in a much less pretentious way). So why aren't we entitled to federal subsidies to make it cheaper for us to pursue what we love? The NEA makes absolutely zero sense to me, I can't believe it still exists.BC in a civilized country we spend $ things that don't benefit us so other benefit. Like $ towards meals on wheels, WIC, fuel subsidies for the poor, etc. Otherwise we end up like Pakistan - The rich living in gated communities.

I don't want to see huge numbers of people lose insurance. I don't either but that is what the CBO says will happen W/Trumpcare - 23M while the top 1% benefit from decreased taxes.

"All of this would give huge tax cuts for the richest Americans and corporations."

True., But what you failed to point out (again), is the flip side to that coin. Meaning, if corporations get a huge tax windfall, at least SOME of those corporations will invest in growth, which will create some jobs, which means more people will have insurance through work. Will it be 23 million? Beats me. But you can't judge a proposal based solely on what gets cut. You have to compare the pros and cons, not just look at the cons.There is no way of knowing what the corp. will do w/their money. When taxes got cut in the past, much of the $ was given out as dividends so while I would benefit, the people that Pres Trump appealled to the most are prob. not going to get a dividend check.

"Let there be no doubt that it hurts the poor and middle class " When you focus on what's getting taken away, and completely ignore the extras that will be provided (like tax rate decreases and possibly more good jobs and more offshore money coming back to the US) sure it looks that way. But that's not the honest way to evaluate such things.
Rather than say someone is not being honest, the honest way to look at his budget proposal and his health care proposal is to recognize that in total the poor will loose out and the rich will benefit.
PaulS is online now