U.S. Budget & OBBB | OCT 1 - Gov’t Shutdown Begins

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BlueSmoke said:
Referring to the comments that so many people don't pay taxes and tax expenditures that was referred to above.

This is the system we have, and it requires that the tax code do much more then it should which is why so many folks hate it. Therefore, to treat everyone fairly (and somewhat equally) there is one big problem that has to be reconciled. That's child dependents. To reconcile it, the tax system hands back a great deal of tax credits in the form of the child tax credits and the Earned Income Tax Credit. So yes, it looks like many people are not paying taxes, but its because of this reconcilement issue
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Well, that's one of the big problems, but otherwise you're absolutely correct. That the government chooses to pay what amounts to child support to families (and the politicians repeat over and over again that this is their intent) styled as a "tax refund check" or a subsidy is more or less irrelevant wordplay.
 
Another way of looking at this child reconcilement issue is the way Senator Mitt Romney did a few years back. He thought every family with a child should get a monthly check. If you did something along those lines, you could then reform the tax system so that everyone paid the same progressive tax rates. Maybe start with a low tax rate, get rid of the standard and itemized tax deductions.........and then all of a sudden you wouldn't have people complaining that too many people don't pay income taxes.
 
BlueSmoke said:
Referring to the comments that so many people don't pay taxes and tax expenditures that was referred to above.

This is the system we have, and it requires that the tax code do much more then it should which is why so many folks hate it. Therefore, to treat everyone fairly (and somewhat equally) there is one big problem that has to be reconciled. That's child dependents. To reconcile it, the tax system hands back a great deal of tax credits in the form of the child tax credits and the Earned Income Tax Credit. So yes, it looks like many people are not paying taxes, but its because of this reconcilement issue

Then you have the other problem of the standard deduction which is getting rather high. And I believe the Republicans under this bill are again increasing it.
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This may have been mentioned already, but didn't Trump proclaim that the tariff revenue will allow us to eliminate income tax ?
 
heelinhell said:
This may have been mentioned already, but didn't Trump proclaim that the tariff revenue will allow us to eliminate income tax ?
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I don't have to look that one up. Of course he did!!! Now, he might have added a qualifier or two. Like it might or it might come close to eliminated the income tax.
 
One reason I hate Trump's assface so much (maybe the main reason) is his infantilization of our language. The fact that he has named this bullshit "the big beautiful bill" and that people are actually referring to it as such (and "BBB" isn't much better) is depressing. It's like a stupider version of Pee Wee's Playhouse but without the fun...
 
hedge said:
One reason I hate Trump's assface so much (maybe the main reason) is his infantilization of our language. The fact that he has named this bullshit "the big beautiful bill" and that people are actually referring to it as such (and "BBB" isn't much better) is depressing. It's like a stupider version of Pee Wee's Playhouse but without the fun...
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Try as I might, I couldn't get "OBs" (i.e. "obese") to catch on for the One Big Beautiful Bill...
 


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I highlighted the legal status portion not as an objection but because I have seen POTUS and other GOP pols claim that only illegal immigrants and fraudsters will lose Medicaid coverage under the House bill.

What’s crazy is Trump just commuted the sentence of a an actual convicted Medicaid fraudster who was serving 30 years for defrauding Medicaid and Medicare of tens of millions of dollars with tens of thousands of fake claims. So top down Medicaid fraud is fine, I guess(??)
 
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hedge said:
One reason I hate Trump's assface so much (maybe the main reason) is his infantilization of our language. The fact that he has named this bullshit "the big beautiful bill" and that people are actually referring to it as such (and "BBB" isn't much better) is depressing. It's like a stupider version of Pee Wee's Playhouse but without the fun...
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He's a conman. That's what conmen do. The easy to grasp talking point to market.

That being said, Democrats need to somewhat copy his simplicity. Democratic Politicians tend to farm their policy out to Ivy League MBA's and such. Clinton and Obama were famous for having long, involved policy meetings. Nothing wrong with good policy. But it loses all effectiveness if you can't market it from a political standpoint.
 
nycfan said:
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So what ?

Ultimately, we are all going to die. That being the case, does anyone actually need health care ?

I've advised my adult children to cancel their health care insurance because they are wasting money paying the premiums when they can spend those dollars on fun stuff before they die.
 
BlueSmoke said:
That being said, Democrats need to somewhat copy his simplicity.
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I don't have a problem with simplicity, but, like so much other of Trump's blabber, "one big beautiful bill" is just stupid. It actually embarrasses me when I see it or, esp., hear other adults straightfacedly repeating it, and I don't know why, and then the fact that I'm embarrassed pisses me off too...
 
heelinhell said:
So what ?

Ultimately, we are all going to die. That being the case, does anyone actually need health care ?

I've advised my adult children to cancel their health care insurance because they are wasting money paying the premiums when they can spend those dollars on fun stuff before they die.
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Also, don’t forget, you’ll only lose your healthcare if you allow it to happen.
 
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Wait, is he also agreeing with Warren about the outrage of tax cuts for billionaires?
 
nycfan said:
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Wait, is he also agreeing with Warren about the outrage of tax cuts for billionaires?
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No, he's a fucking idiot who has no idea what he's proposing. But I'm 100% in favor of getting rid of the debt ceiling. It creates all kinds of disruptions in the legislative process, and for no reason. The debt is either a problem or it's not. When Congress decides it's a problem, they'll do something about it. Until then, the ceiling just creates artificial barriers to necessary policy changes.
 
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