Trump supporters do you like this tax bill?

Insurance companies were quite clever with that manipulation. Acting as if they were not the ones who raised rates out of greed but out necessity because Obama was so unfair. They did it because Obamacare is a dangerous first step to the kind of regulation of the medical industry we see in Europe. So they would not be able to charge what they do for medications and treatment. Americans can not believe healthcare should be easy. It needs to something earned and fought for through brutal cut throat capitalism.

So what better way to stop that then to raise rates? To convince the people that the system being presented is not affordable even though Americans already spend the most for healthcare in the free market. They know Americans are unhappy with the current system but they also know they can play into their fears that Obama means death. Many surveys over Obama's term showed Republicans supported Obamacare ideas when it was called something else or they were told a Republican thought of it. Then it was "yeah big business does not need to run things, let's give the average American coal miner a shot". It showed they really had no idea what Obamacare meant besides that black guy I think is a Muslim thought of it so I don't like it.

 

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I don't think "the left" is begrudging you your tax cut. What concerns critics of the cuts is that the lion's share of them go, not to struggling middle class folks like you and your daughter, but to billionaires and large corporations. And the bill for the middle class will come do in the form of reduced social services resulting from the trillion dollar increase in the deficit.

I wouldn't plan my retirement around the temporary boom in the stock market. Any savvy investor knows that stock prices go up and down. The current rise was due to a number of factors, certainly one of them being the investor class's excitement about the potential tax law. But that seems to have been pretty much priced in. We'll see what transpires in 2018. The bull market is getting long in the tooth. It was sky high just before the Great Depression and again just before the crash in 2008.

 

I don’t make anywhere near $165,000. My base pay is $87,000 but I work a ton of OT. I also get a VA Disability check but that’s less than $300/month. The child tax credits go away when you reach $110,000 (married filing jointly). The tax bill raises that to $400,000. I also didn’t pay $10,000 in state taxes last year so I’ll still be able to deduct my state taxes (the state tax rate is 9.3% but the effective rate is actually somewhere around 6%). And I don’t own a house. I can’t afford one here. We’re leaving after my kids graduate high school. I don’t/can’t claim my sister on my taxes, this is just a matter of me helping her deal with a divorce and limited income. She’s 51 and had a stroke so while she does work, she has limitations.

So, my standard deduction doubles to $24,000 which is still more than the two $4,150 in lost personal exemptions you mentioned. can still deduct state taxes, and I’ll finally get child tax credits.

My insurance didn’t double because of the individual mandate. It doubled after ACA passed. We got screwed. I actually looked at ACA plans when we lived in NH....the cheapest I could find was over $24,000 (with monthly premiums and a $11,000 deductible). I can’t afford ObamaCare.

The expiration date of 2025 was added to comply with Senate rules for majority passage, not to mess with our tax rates.

 

I didn’t mean to just say, “Congratulations”, I meant to say, “Congratulations on getting married”. I posted too soon.

 

I ddin't get your point about Compton. You seem to suggest that the high rents there are somehow mainly a result of the state legislature. Los Angeles is the second most populous city in the U.S. New York City, Chicago, Houston, and Phoenix--the others in the top five--have similar housing costs. It's one of the leading commercial centers in the country and its climate and location on the coast make it attractive to business, industry and people. That many people concentrated in a relatively small area bid up the ol' real estate prices. L.A.'s are notorious. I seriously doubt that the poor residents of Compton would fare better under Republican administration. You say you're stuck. Is that because of a job? Life has its trade-offs. For me, I'd rather live in hell than in a big city like L.A..

 

But but but according to the Dems the poor will pay more taxes.

My mom would be considered poverty level income level. So far it does not appear she will be paying more in taxes.

 

Your mother must live someplace I don't know about. My mom has been well provided for using her Medicare and pension benefits. The gap between independent living and nursing home care (ie in home care) has been a problem for more years than I have been alive. If you don't plan for it, I concur the government hasn't had and doesn't have a bail out plan for us. I wish it didn't exist but it does. All I can say is my folks planned for it. So far we have been able to protect that hard work they did, and I so far have seen no Republican effort to try and steal anything that is theirs.

 

Now you'll be accused of cutting Alt facts and being a Trump supporter. ObamaCare as you found out will break the country.

While I don't like the fact they Trump's plan eliminates the Mandate. That will accelerate the poor not being able to pay premiums. It's intent will be to defund a program that needed to be made go away somehow.

I don't approve of how he did it, but I approve that it needs to happen......somehow.

The poor will resort to what they did before the ACA. Resort to the more costly emergency room visits. Thereby costing the rest of us even more.

What else is new? It's been the problem we have been faced with for the previous 16 years. Fewer people have to pay for more and more.

The poor will get healthcare. It was the law and still is.

 

You might want to do some fact checking there. It was Clinton that passed the everyone better own a home regardless of income or credit worthiness law.

The banks just made thier fortunes by making loans they shouldn't have. And when they got caught in the bad debt, Obama bailed all of the banks out, and not one homeowner.

 

But but but the poorest of the poor won't pay more taxes, and not all will. It depends on where they live, and how poor they are. In the case of your mother, since she is 100% dependent on Social Security for her income, it would be tax exempt. I'm sure you're aware that many poor folks, unlike your Mom, don't draw Social Security.

 

In Japan 10% of the population decide to go without health insurance and there is no fine. Their system works just fine. The poor get health insurance under the ACA, but the deductibles are like $15,000. It may be better if you're poor just to save up a few thousand and go to Cuba or Mexico if something goes wrong.

 

At no time has that been stated by the Dems.

I believe the last time I tuned in I heard the Dems assure me the rich won't pay more taxes just the poor and middle class will.

 

Guess I'll respond to this now because I'll be tuning out politics for a while for the new year, mainly because I'm so disgusted at the stupidity of so many of my fellow Americans (no one here in particular just to clarify, just in general terms of the American populace)

But it does appear this time i am the ignorant one and I have no problem admitting that, I did fact check and yes it looks like a lot of policies that led to the foreclosure crisis were put into place during the Clinton years, some even earlier, but the Bush administration continued his policies

Contrary to the impression I may give due to leaning fairly far to the left (by American standards) I am not a Democrat and have thought for years that the Democrats lean too far to the right. This just goes to show Democrat and Republican policies are not always opposite of each other.
As far as the bail out, I fell pretty hard off the Obama bandwagon after that happened.

Anyways my original point stands - that which seems beneficial in the short term often has very negative ramifications in the long run.

I hope you guys have a great NYE, I probably wont be venturing into the political forum for a while so catch you on the flip side!

 

Save up money??! Surely you're a Republican schill and Trump supporter. (Insert sarcasm emoji here). You can't expect people to save money whe

Without a short term there will be no long term. The Dems would love to take the wealth away from anyone who has it and give it away to those that don't think they should be entitled to be better off than they think they should be.

I do agree on one point, the stupidity is astounding. I'd rather call it niaveity. On the surface communism, socialism and liberalism on paper seem great. In reality it's not the case.

I consider my sister well educated. She loves the Democratic ideals. They are wealthy and live a great life. When I ask them to hand over 50% of their wealth to kickstart these wonderful ideas, they quickly bail out of being part of the solution. Everyone but them needs to pay.

How very Republican of them when it comes down to reality if it.

Like you they seem to be weary of trying to tell everyone that their way if thinking is the superior view. They usually close it by saying how stupid everyone else is.

 

The difference must be in the circumstances?

 

When Clinton was President, Bob Dole, Newt Gingrich, and the Republicans controlled Congress. They had a hand in what went to Clinton's desk for a signature.

 

Since we are talking about Trumpy's tax law, it is a good time to tell you all that the new law contains a hidden loophole for the ultra rich. The loophole is called Pass-Through income deduction. The way it works is a corporation gets to pass a big chunk of cash to the owner and avoid corporate tax. The owner then could pay a lesser rate or pass it on again to some trust account, or hidden account in a secret island where they don't speak Amurcan.

 

Lots of thinly veiled insults in there I see

Aren't you FOR single payer healthcare, i've seen you say that in other threads...so what are you even on about, clearly you know that supporting social programs doesnt boil down to the incredibly simplistic idea of giving away 50% of your income

Edit, ill just leave it at that.