WFFaithful
Well-known member
They can't f*** around with mistake ridden bills now since whatever they pass will go into law
Do they care?
They can't f*** around with mistake ridden bills now since whatever they pass will go into law
Yep. The GOP did nothing but pass bills to troll Obama for 8 years. Now their bills actually matter and they don't know how to handle it.
OTP has modeled the revenue impact of higher growth effects, using the Administration projections of approximately a 2.9% real GDP growth rate over 10 years contained in the Administration’s Fiscal Year 2018 budget.
LOL this is amazingly hackish. The US Treasury releases their "analysis" of growth and revenue from the tax plan.
https://www.treasury.gov/press-center/press-releases/Documents/TreasuryGrowthMemo12-11-17.pdf
In other words, we're going to assume 2.9% growth, because we said so.
OTP compared this 2.9% GDP growth scenario to a baseline of previous projections of 2.2% GDP growth. Treasury expects approximately half of this 0.7% increase in growth to come from changes to corporate taxation. We expect the other half to come from changes to pass-through taxation and individual tax reform, as well as from a combination of regulatory reform, infrastructure development, and welfare reform as proposed in the Administration’s Fiscal Year 2018 budget.
This is embarrassing, they backed into the growth number in the laziest way possible.
If this thread is a representative sample of how the media covers complex issues, then perhaps the media is in fact the enemy of the people. woof.
you think $15-50/week is going to matter to the middle class, people with direct-deposit?
It is a poor premise. The reason people didn't notice the tax cut is because Democrats were in charge and a large percent of the populous has been convinced that Democrats are incapable of cutting taxes. Trump and the Republicans could do the exact same tax cuts and Republicans would dance in the streets and Democrats would know it happened.
I don't know what "middle class" is defined as, but the average person making $60k a year with no kids has their taxes go down 22%, or about $1,800. That's not too shabby.
I don't know what "middle class" is defined as, but the average person making $60k a year with no kids has their taxes go down 22%, or about $1,800. That's not too shabby.
that's $38/ week
That's not an average taxpayer in this country.
Even assuming that's true, how much of that $1800 will be eaten up with higher healthcare costs?
If that person owns a house, how much value will that house lose due to interest and real estate tax differences?