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Warning Comes Before Destruction! GOP Has 2 Revote
Last comment by wood17 3 weeks, 5 days ago.

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Unsurprisingly, the #GOPTaxScam is so badly written the @HouseGOP will have to take *another* vote to pass it tomorrow morning. The seams of this Frankenstein’s monster are already showing. "NP"

Never before in American history has this much money been transferred from the poor and middle class to the rich. Shame on the Republicans and on Trump. We must, as the saying goes, throw these bums out. "Reich Robert"

God is not pleased. They have a chance to get it right. This bill takes from the poor, elderly, children & middle class.

Ryan & others’ capacity to lie is nothing less than a compliment to Trump’s con.

We must heed the prophet: “Clean up your act—the way you live, the things you do—so I can make my home with you in this place. Don’t for a minute believe the lies being spoken here... (Jer 7). Rev. Barber.


Republicans have to vote again because for some reason they were out of order.
http://cnn.it/2B2gQWn


The White House keeps lying about Donald Trump's taxes https://www.huffingtonpost.com/entry/trump-tax-returns-audit-excuse_us_5a396f33e4b0b0e5a79de196?ncid=engmodushpmg00000004 via @HuffPost


Latest Activity: Dec 19, 2017 at 5:58 PM


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Funkentelecky commented on Tuesday, Dec 19, 2017 at 18:39 PM

Provisions in tax reform bill violates senate rules; house to revoke tomorrow morning. This isn't anything new its happened before. Can you say Obamacre Reconciliation. People need to stop worrying about other people's money and realize it's the government that's hurting the poor, elderly, children & middle class. How you so sure Huffpost isn't the ones lying about Trump taxes?

PoliticsNation commented on Tuesday, Dec 19, 2017 at 18:49 PM

@funk---how will this bill benefit you?

Funkentelecky commented on Tuesday, Dec 19, 2017 at 18:58 PM

It will create more jobs and acquire more people into the labor force paying there taxes to include FICA and MEDICARE to help keep these programs solvent. My 401k has been booming all year and here comes more. Anybody willing to get out and provide for themselves instead of collecting tax payers assistance redistrubed by government mismanagement. Shoot I just got a 2% Cola raise from my military retirement and I expect even better in 2019. Can you say 5.8% the last Cola under GWB!

Funkentelecky commented on Tuesday, Dec 19, 2017 at 19:00 PM

....or did you mean what tax payer assistance redistributed and mismanaged by government?

Funkentelecky commented on Tuesday, Dec 19, 2017 at 19:03 PM

...will benefit me

PoliticsNation commented on Tuesday, Dec 19, 2017 at 19:04 PM

So you're depending on the top 1% to trickle down the money and make life better for you by creating more jobs? So you're depending on them to have a little love in their heart? Wake up--you don't benefit from the tax scam. You're assuming corporations will do the right thing and invest in you. LOL..lol..lol...

Large Job Growth Unlikely to Follow Tax Cuts for the Rich and Corporations https://www.cbpp.org/research/federal...

PoliticsNation commented on Tuesday, Dec 19, 2017 at 19:06 PM

Large Job Growth Unlikely to Follow Tax Cuts for the Rich and Corporations https://www.cbpp.org/research/federal...

PoliticsNation commented on Tuesday, Dec 19, 2017 at 19:08 PM

WATCH: MSNBC host demands to know how much money GOP lawmaker has in tense exchange over tax rates http://hill.cm/nkGydxN

PoliticsNation commented on Tuesday, Dec 19, 2017 at 19:15 PM

Every member of the @SenateGOP should watch Laura’s story about how the #TaxCutsandJobsAct (really a #GOPTaxScam) would impact her son and her family.

https://twitter.com/twitter/statuses/...

Funkentelecky commented on Tuesday, Dec 19, 2017 at 19:25 PM

LMAOROTF

The definition of insanity; we tried anti-capitalism for 8 years and where did it get us.

The worst recovery of a recession since the Great Depression.

First President in I don't know when fail to reach 3% GDP growth in a Qtr.

You should try and get some balance in your news sources. I remember you said Fix News makes you sick or something like that. MSNBC does the same to me to however I record and watch to ensure I'm not missing the whole story and that's your main problem there's 3 sides. You have to watch both enemies to realize the 3rd which is the truth. You don't have that balance in your life. Can you say AM Joy that show is sickening as it gets.

PoliticsNation commented on Tuesday, Dec 19, 2017 at 19:28 PM

@Funk you're deflecting and not being truthful.

Report: Senator Isakson stands to benefit financially from last-minute addition to tax plan http://on.11alive.com/2BAEg6g

Funkentelecky commented on Tuesday, Dec 19, 2017 at 19:36 PM

I'm not deflecting at all. Capitalism not Socialism helps more people and no plan is perfect you won't get that to you be with the almighty. But here on earth and America this is the best plan for the Country and its people it will help tremendously

PoliticsNation commented on Tuesday, Dec 19, 2017 at 19:38 PM

Still, if the bill finally makes it to the Senate successfully, one feature added at the last minute benefits senators such as Georgia's Johnny Isakson, and anyone in the private sector who would qualify for the tax break.

The new provision cuts taxes even more for him and other senators who operate certain types of real estate businesses, The International Business Time reports.

The International Business Times has identified Senator Isakson and 13 other Senators who would potentially benefit personally and financially from the last-minute change.

ANALYSIS | How soon after President Trump signs the tax bill could you see the effects?

The change allows anyone who owns certain types of real estate businesses to get a tax break on their annual income from those businesses. That would include Isakson who, according to the Times's analysis of federal disclosure forms, last year claimed a personal income of up to $55,000 from his real estate businesses.

The Times also reported that Isakson was among the top recipients of campaign cash from the real estate industry. Click here to see that figure.

So, C.P.A. Chris Smith of CB Smith and Associates in Cumming says Isakson and others in that category will keep a lot more of their real estate income under the new law.

"They're allowed to take 20 percent of that income, and it's essentially tax-free," Smith said Tuesday. "The first 20 percent of that $55,000 [in Isakson's case] would not be subject to income tax. Essentially $11,000 of that 55 would not be subject to income tax. So he would stand to see some savings from that, as it relates to his vote on this particular tax bill."

wayne44 commented on Thursday, Dec 21, 2017 at 09:23 AM

Anyone who has real estate holdings will benefit from this bill and it won't make a bit of difference in most peoples lives. Senator Isakson's vote on this bill is no different from any other politician who takes campaign funds from certain entities who push for legislation that will benefit their bottom line. Congress has been doing this for years on both sides of the aisle. Just curious how this will affect the average working American. We are stil going to have to pay taxes on our income no matter what else happens. Funk, just remember, that 2% raise means you will pay more in income tax so the government can give it to the 30,417,609 million who paid no taxes,filed a return, and got refunds totally 89.6 Billion Dollars. The money Senator Isakson will save in taxes is a drop in the bucket compared to this boondoggle.

PoliticsNation commented on Thursday, Dec 21, 2017 at 10:03 AM

And what about the corporations that don't pay taxes? Wayne and Funk--remember that.

27 giant profitable companies paid no taxes http://usat.ly/1p1Pedc via @usatoda

wood17 commented on Thursday, Dec 21, 2017 at 11:07 AM

PN, once you read the USA Today article it is very misleading to generalize that corporations pay no taxes. Some in the article took tax credits from prior year losses to offset their tax burden. Others are based out of other countries and pay no effective taxes in the US on profits generated internationally. I'm not completely familiar with REIT’s but their tax structure allows taxes to be passed on to their shareholders. In any case, the end of the article emphasizes that the tax breaks will expire and when they do, the tax man will be waiting. The tax bill just passed lowers the corporate rate considerably. Of the 34 countries in the OECD, The US corporate tax rate was the highest as of 2014. The average was 24.1 percent. Huge companies were skirting our high corporate tax rate and moving more business internationally. The article you cited stated just that. Our new corporate tax rate is now 21 percent and it is below the average of the OECD. I will bet that those companies will begin bringing that business back domestically. They will hire more employees boosting the tax digest on the personal level and start paying domestic corporate taxes on profits. They are paying international corporate taxes now. They just happen to be at lower rates than we were charging.

PoliticsNation commented on Thursday, Dec 21, 2017 at 14:50 PM

@wood17 don't try to justify why they don't pay taxes. Why? Becuase you don't give people on social welfare the same consideration.The point is they didn't pay tax and used loopholes to get away with not paying tax. They lowered the rate for corporations but didn't close loopholes. We spend more on corporate than social. Also, you tried to imply that I didn't read the article just the title--your way of throwing shade I assume. I am an avid reader and I am well informed. You assume people that think differently are somehow clueless I beg to differ. You are pushing your agenda and I'm fighting for the people's agenda.

wood17 commented on Thursday, Dec 21, 2017 at 15:55 PM

Laws are laws PN. They didn’t cheat or break the law. President Obama didn’t change the laws. He also said that the jobs that went over seas were never coming back and tried to demonize corporations. Talk about corporate welfare. President Obama gave corporate welfare to an entire domestic industry. He bailed out GM for billions of dollars. One of the huge companies on the list in your article was GM. The tax breaks that they got from years of previous losses resulted in them not paying taxes for years. As the article states, their time will come. Obama didn’t change the rules that allowed GM to skirt taxes with loopholes. He encouraged it so he could take credit for saving the US auto industry. No shade here. Democrats are in freak out mode over the tax bill. I think in time it will be wildly beneficial for working families and middle class Americans. Democrats are throwing shade on that. Corporations will bring their business back here. That will be good for everyone. Lowering the corporate rate did close a loophole. Some huge US corporations diversify their business over seas to pay a lower corporate to foreign governments. They are now encouraged to at least come pay a lower rate here. More jobs at home. More taxes collected. More money for the government to give to social welfare programs. I didn’t insinuate that you don’t read or that you aren’t intelligent. I have debated enough with you to know that. I enjoy the debate. Yes I do have my own opinions. Some may not agree with them.

wayne44 commented on Friday, Dec 22, 2017 at 06:22 AM

It doesn't matter who paid no taxes, it is still a boondoggle and it costs billions of dollars every year that good be used to upgrade our infrasture, fully fund SS and Medicare, and have money left to spend on social programs. Coporations not paying taxes is no excuse for those who do the same and still get refunds.

Funkentelecky commented on Friday, Dec 22, 2017 at 08:46 AM

@PN here it is, the why corporations don't pay taxes and why your constituents won't tell even though the know it. Did you?

The nation's political hustlers object, saying corporations should pay their fair share of taxes.

The fact of the matter — which even leftist economists understand, though they might not publicly admit it — is corporations do not pay taxes.

An important subject area in economics is called tax incidence. It holds that the entity upon whom a tax is levied does not necessarily bear its full burden.

Some of it can be shifted to another party. If a tax is levied on a corporation, it will have one of four responses or some combination thereof. It will raise the price of its product, lower dividends, cut salaries or lay off workers. In each case, a flesh-and-blood person bears the tax burden. The important point is that corporations are legal fictions and as such do not pay taxes. Corporations are merely tax collectors for the government.

Politicians love to trick people by suggesting that they will impose taxes not on them but on some other entity instead. We can personalize the trick by talking about property taxes. Imagine that you are a homeowner and a politician tells you he is not going to tax you. Instead, he's going to tax your property and land. You would easily see the political chicanery. Land and property cannot and do not pay taxes. Again, only people pay taxes. The same principle applies to corporations.

..and what did Obama do for me, tax incidence I got laid off because of Federal Government Mismanagement and Overburden.

Funkentelecky commented on Friday, Dec 22, 2017 at 09:16 AM

,,,oopppsss, that's the full story by Walter E. Williams see the whole post on my recent blog.

Here's another great point by Ben Shapiro. The 10th commandment is "Thou shall not covet" "You shall not covet...anything that is your neighbors"

-Exodus 20:17

God has promised to meet all our needs, both spiritual and physical, and we should therefore be content with whatever He has provided (Phil.4:19; Matt.6:33; Heb. 13:5)

So I believe God doesn't support government seizure of property of one person to redistribute to for the benefit of another by government. I believe he wants people to give freely of there own will.

wood17 commented on Friday, Dec 22, 2017 at 10:47 AM

Corporations do not pay taxes but yes they do collect them. In small corporations, the burden to collect the taxes, account for them and budget them, is extremely high. Companies without an accounting department bear a significant amount of stress and expense that people don’t understand. Fines for late payment are ridiculous. Audit threats are constant. Vendor compensation is a hollow token of gratitude for collection. Aside from that, no corporations do not pay taxes. The shareholders and customers pay taxes. It is hard to demonize regular people though. Corporations can easily be demagogued as inhuman. Millions of the middle and lower class people accross America that happen to own stocks or mutual funds through their retirement accounts own corporations. Other smaller corporations are owned privately by families and entrepreneurs who took significant personal risk to succeed. They pay taxes. Consumers pay more for goods when taxes are higher. That is a fact. When you break corporations down do who they really are and that is usually normal everyday people of all races, religions, and economic background, it becomes much harder to demonize them. It becomes harder to benefit politically by criticizing them.


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