Hey Franklinman, you keep ragging about Trump's "tax breaks for the rich." Well then, justify this... (link)

Cosmos

Well-Known Member
May 29, 2001
25,446
17,957
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Please advise accordingly...

Benefits from the Democrats’ regressive giveaway would largely go to taxpayers in the top 20% of the income scale and would overwhelmingly benefit the top 0.1% of earners, specifically in high-tax states like New York, New Jersey, Illinois and California.

On another level, the SALT deduction also helps mask and subsidize bad state and local taxation and spending decisions.

At this point, it’s unclear if the SALT provision in the House version will survive in the Senate. Sen. Bernie Sanders of Vermont — unlike his progressive counterparts in the House — remains opposed, because he rightly sees it as a gift to the millionaires and billionaires he excoriates. He’s working with Sen. Robert Menendez of New Jersey on a less regressive version of the SALT provision.

But tinkering can’t hide the fact that the Democrats’ agenda is as much about investing in their own party’s infrastructure as it is about investing in the country’s.


 
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franklinman

Well-Known Member
Apr 5, 2011
25,995
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Pa and Fl
Please advise accordingly...

Benefits from the Democrats’ regressive giveaway would largely go to taxpayers in the top 20% of the income scale and would overwhelmingly benefit the top 0.1% of earners, specifically in high-tax states like New York, New Jersey, Illinois and California.

On another level, the SALT deduction also helps mask and subsidize bad state and local taxation and spending decisions.

At this point, it’s unclear if the SALT provision in the House version will survive in the Senate. Sen. Bernie Sanders of Vermont — unlike his progressive counterparts in the House — remains opposed, because he rightly sees it as a gift to the millionaires and billionaires he excoriates. He’s working with Sen. Robert Menendez of New Jersey on a less regressive version of the SALT provision.

But tinkering can’t hide the fact that the Democrats’ agenda is as much about investing in their own party’s infrastructure as it is about investing in the country’s.


Not a problem, as many billionaires say they aren't paying their fair share Cosmos. They knew eventually they would have to pay up.
 

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
106,553
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Frank can be a dullard once in a while. He's bogged down with talking points from decades of demagoguery.

But he loves this tax cut for the rich.... lmfao... Call it the trump effect.
 
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franklinman

Well-Known Member
Apr 5, 2011
25,995
5,870
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79
Pa and Fl
Frank can be a dullard once in a while. He's bogged down with talking points from decades of demagoguery.

But he loves this tax cut for the rich.... lmfao... Call it the trump effect.
Why are you and Cosmos crying, neither one of use guys are billionaires ?
 

pawrestlersintn

Well-Known Member
Jan 26, 2013
16,068
23,815
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Why are you and Cosmos crying, neither one of use guys are billionaires ?
What is so hard to understand here?

Your "pay your fair share" liberal politicians are trying to reduce millionaire and billionaire tax bills. And, you are defending it. Don't you think they should pay their fair share?
 

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
106,553
60,501
1
Why are you and Cosmos crying, neither one of use guys are billionaires ?

I wish I were a billionaire. I'd be getting a tax break at the expense of the working class under Biden if I were!!!!
 

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