My point was they are more likely to vote for a bad bill if they get something than to kill a good bill because they didn't.With what you said I agree with if it helps the low/middle income the most. Trying to sell this as a middle working class tax cut is a joke.
So are you agreeing with me that this is an overall good bill?
No because the low/middle income will benefit the least from this bill. My taxes will go up and I would be ok with that if I thought it would go to the low/middle income class.Do you believe those making 1mm+ a year need a tax break as much as someone making 50K?
I believe that everyone should be able to keep as much of their hard earned money as possible even if they're rich. We shouldn't punish people who are successful by taking away as much of their money as possible.The people making 50k don't pay much in taxes and many of them will see their tax burden reduced by very large percentages. This is besides for the fact that most middle class people own part of the major corporations thru their retirement accounts so when we cut corporate taxes, the middle class gains. The fact that the wealthy gain too should not be an issue for anyone.
Percentages don't matter. You cant pay your bills or buy food with percentages. It is real dollars that matter. There is a big difference in not being able to pay your kids tuition and not being able to buy your new boat.I wish everyone could keep every dollar they earn but we all know in a democracy that doesn't work. The bills need to be paid.
Of course percentages matter. How much of a tax cut can you give someone who pays $1000 in taxes?
That depends on many factors. If it is a middle class person you can give him the whole thousand back.
Are you saying all taxes should be paid for by the rich?
This is a discussion that will never have an answer. I would like to see a higher floor where taxes kick in. Everyone gets that benefit.
I think those that have a problem with the Rubio/Lee viewpoint is that between the EIC and refundable child tax credit those at the bottom are already receiving a handout in the thousands of dollars while paying no taxes (I have seen close to 10k if you hit the right spot). Why should those families receive even a larger handout? If anything raise the child tax credit to 3k per child (leaving the refundable portion at 1,100) to help out those who actually have a tax burden instead of giving a larger handout to those that don't contribute any taxes to society. Last I checked we don't live in a socialist country.
Im all for a higher child tax credit of $3k, especially for those earning above 50k when you are maxed out of the Earned Income Credit.
https://www.bloomberg.com/view/articles/2017-12-15/this-tax-bill-is-a-trillion-dollar-blunder
But plenty of it is true.As has been noted in this thread earlier, when Bush did tax cuts 15 years ago, it didn't stimulate the economy or cause hirings. Corporations will just have more money to buy back their own stock.
There is so much BS propaganda in that article.
Corporations will just have more money to buy back their own stock.
If a Corp has extra cash flow, why would they not look to grow/open new divisions/hire?