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Post by No. 1 son on Dec 28, 2017 8:34:03 GMT -5
link I don't see how it can help much, but maybe not hurt much. Like the ACA it has a lot of 'triggers' that is phased in over time, and I still can't see what is supposed to be accomplished by this, except for the appearance of some one doing something. Polishing up a cow turd. I think the mood in Congress is pass anything and we'll fix it by throwing money at it, then I'm outta here.
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Post by Dave's Not Here Man on Dec 28, 2017 9:01:20 GMT -5
The PPACA was intended to address an actual problem, which was a significant portion of the population without access to affordable health care, and without health insurance. While it barely resembles what it was sold as, there are very good parts of it which have helped millions.
This tax reform law addresses what problem? No one can seem to answer that when I ask, other than to say it may or may not put some pennies, up to some dollars, back in their pockets. What problem did that solve? Crickets.
The truth is that the only thing it does is what it is intended to do; buy votes. There's no other benefit to the country as a whole.
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Post by minx on Dec 29, 2017 11:56:45 GMT -5
Exactly John - it's designed to appease the masses in the short term while the corporate overlords rape the country blind.
And I am not anti-tax reform. I think there are some things that desperately need to be done, which this 'reform' bill does not do
1) Raise the EIC so that people who are part of the working poor can get at least somewhat of a break (incidentally, this is the one group who consistently puts 100% of their money back into the economy, as they are always underwater, and have no means to actually save something)
2) Increase the amount of deductions allowed on a 1040-EZ. At a minimum, people should be able to deduct what they've paid for state and local taxes and charitable deductions up to a specified amount. It's udderly ludicrous that the only people who can get a credit for state and local taxes are those who are able to itemize. It's wrong, and should have been corrected long ago. And no, the solution is not to eliminate the ability for those who were able to take the deduction to do so, it's to allow everyone to have it.
3) Make it easier to take a medical deduction. While reducing the threshold from 10% down to 7.5 is a start, it really should be at 5%
Those are three things I can come up with, and that's not sitting down and putting deep thought into this. However, all three of those would directly help the middle-class and poor, and would help long-term, so God Forbid we do anything like that, cause the rich will cry.
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