Trumps Tax bill looks like it will happen

[IndySteel]

New tax calculator. Personally I'll save over $3K / year, but I can't wait for my company's savings. We are on a fiscal year that ends on March 31st, so I think the rate cut will go into effect in our current year. Plus being able to expense new equipment is Yuge. We made a lot of upgrades this year.

http://taxplancalculator.com/

MAGA!

 

[Superman]

Nonsense, I would’ve voted for Kasich based on his stance of cutting CURRENT Medicare and Social Security benefits. You supposed conservatives and the socialists screamed bloody ******* murder and he was done.

Nobody on either side of the aisle is serious about cutting spending, don’t kid yourself.

you're disgusting. you do NOT cut Social Security benefits. at all. You may not need Social Security now, and we all hope none of us need it when we retire, but if you even begin sticking your dick in Social Security, there's no telling when the ******* will stop. Ever. You do not **** with that. Too many people - not corporations - depend on it in the twilight of their lives. Most of those are essentially unable to get a job if they needed to. And the irony is not lost on me that you want to also **** with Medicare. Good God. Do you even read what you write or do you just pound the ******* keyboard until words appear?

 

[oneforthebus]

I read somewhere that professional service companies can use the 21% pass through rate if they make under a certain amount, which we do, so YAY (assuming that hasn't been changed in one of the final version). Going to be a big tax cut for us which will help to pay for our outrageous insurance premiums next year (mandate repeal doesn't go into effect until 2019) and our kids' college. One daughter got a partial academic scholarship already so maybe we'll actually be able to afford it.

 

[Coach]

Trump's tax victory won't reversed any anytime soon.

When the Bush tax cuts expired, the Senate voted 88-9 to keep them....Yes, Democrats with visibility on it are not going to raise taxes in the light of day.

I'm starting to think Trump is on a roll. This is a big win. The supreme court justice confirmed was also a big win.

In 2018, it looks like Mueller investigation is coming apart at every nail. It was partisan, and far from the following procedure. Muller is so lousy Trump is loving him running a dead end investigation, as it kills Democratic credibility.

Obamacare takes a hit, as it can no longer legally force people to pay a fine if they do not have insurance. The left is in disarray, climbing an entire lot of Obama care is in jeopardy and millions will lose health care, meanwhile their initial claim of cost savings, and retiring your doctor were proven lies.

I do think border security can happen in 2018, and with the tax cut on the horizon, the economy will have the best GDP growth in years.

 

[Troglodyte]

you're disgusting. you do NOT cut Social Security benefits. at all. You may not need Social Security now, and we all hope none of us need it when we retire, but if you even begin sticking your dick in Social Security, there's no telling when the ******* will stop. Ever. You do not **** with that. Too many people - not corporations - depend on it in the twilight of their lives. Most of those are essentially unable to get a job if they needed to. And the irony is not lost on me that you want to also **** with Medicare. Good God. Do you even read what you write or do you just pound the ******* keyboard until words appear?

So we can’t cut defense spending, social security or Medicare, but we need to cut Federal spending? How clueless you are! BTW, the ******* has already begun, they’re just doing it to future beneficiaries.

 

[Troglodyte]

i was also against the Stimulus bill. This is the same ******* thing only administered differently and on a much larger scale.

 

[DBS1970]

I am not a corporation, which is what the discussion was about. Cutting taxes is fiscally irresponsible given both massive deficits and debt. Conservatives used to understand that before they were taken over by a bunch of spiteful dipshits.

Tax cuts don't need to be paid for, spending needs to be paid for. But you folks on the left refuse any meaningful cuts. So our only available course of action is to grow the tax base through economic growth. Since high taxes stifle economic growth the only thing to do is cut taxes on people who actually work and produce.

 

[Roy92040]

Anyone jumping off of freeway over passes yet?

 

[Troglodyte]

Tax cuts don't need to be paid for, spending needs to be paid for. But you folks on the left refuse any meaningful cuts. So our only available course of action is to grow the tax base through economic growth. Since high taxes stifle economic growth the only thing to do is cut taxes on people who actually work and produce.

Sounds great until you do the math and find that by the most optimistic of assumptions a 20% tax on the growth will fall short of the 40% decrease on the base by $1 Trillion over the next decade... just in time for the rest of us to pay more in taxes.

 

[IndySteel]

Sounds great until you do the math and find that by the most optimistic of assumptions a 20% tax on the growth will fall short of the 40% decrease on the base by $1 Trillion over the next decade... just in time for the rest of us to pay more in taxes.

Obama grew the debt by $10 trillion in 8 years with his frivolous bullshit.

 

[IndySteel]

AT&T was quick to respond to news of U.S. tax reform, announcing it would give some employees bonuses once the law is official.

The telecom giant said in a press release on Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.

Winning.

 

[IndySteel]

During the campaigns next year while our economy is booming, all the republicans have to say about their socialist democrat opponents is that they ALL voted against this tax plan and against American prosperity. They just committed suicide. They are toast. Things sure look dim for the America-hating left.


Build that wall! And it just got 10 feet taller.

 

[BLITZ]

Based on what I see, this is about 14k more in my pocket for 2018. couple that with the stock market going crazy over the last year, I am starting to think I just might be pretty damn happy with Trump.

 

[Supersteeler]

I don't know what my yearly difference is off hand but according to the calculator......that was on CNN no less, our taxes are going to go down and also both my wife and I will see a 4.5% wage increase after taxes for the next 8 years.

It's funny, but I never realized until today that I was very, very rich. Who knew that just over 40K a year puts me in the top 1%? I mean....I have to be rich because that's who I was told will be the only ones to benefit from the tax cuts by these greedy old Republicans. The MSM told me so........so therefore, I must be rich. Yay me!

 

[IndySteel]

Ha ha ha, this is hilarious. I checked out CNN for a minute just to see how apeshit they are about the tax cut and saw this video where Trumps invites Fake News to stay for a prayer because they need it and maybe it will help them become honest people someday.


http://www.cnn.com/videos/politics/2017/12/20/trump-cabinet-meeting-prayer-ben-carson.cnn

 

[DBS1970]

Sounds great until you do the math and find that by the most optimistic of assumptions a 20% tax on the growth will fall short of the 40% decrease on the base by $1 Trillion over the next decade... just in time for the rest of us to pay more in taxes.

I think the economy will grow faster than you think. I also believe that one victory will lead to another and that we are not that far away from actual budget cuts.

 

[Ron Burgundy]

One more step toward leaving the Obama Legacy, such as it is, a smoking pile of ruin. I love this.

 

[Spike]

President Trump Celebrates 'Tax Cuts & Jobs Act' At White House

 

[SCSteeler4life]

Winning !!!!

 

[scraps]

It's Brilliant...Here’s the Clever Reason Why Trump May Wait Until Jan to Sign Tax Bill


President Trump may not sign the tax bill until January even after congressional Republicans passed it in a rush to get it to the White House before Christmas, his top economic adviser said Tuesday.

Rather, the administration may hold off on signing the bill into law in order to avoid an awkward vote on spending cuts that would be mandated under pay-as-you-go law. If Trump signs the bill in 2018 rather than 2017, he would avoid that vote for another year and take a leverage point away from Democrats.

“There’s a technical issue on something called ‘paygo,’” National Economic Council director Gary Cohn said Wednesday morning at a public interview with the publication Axios.

Paygo requires that tax cuts added to the deficit be offset with with mandatory spending cuts to certain government programs. Congress wouldn’t have control over those cuts, and they would cut deeply into Medicare, farm subsidies, and other government programs. Neither Democrats nor Republicans would favor those cuts.

GOP leaders have reassured lawmakers that the automatic cuts will be waived.

If they can get the cuts waived as part of the spending bill needed this week to keep the government open, “we will sign the tax bill this year,” Cohn said.

Trump plans to hold an event Wednesday afternoon at the White House to mark the passage of the tax bill, after the House of Representatives re-votes on it. But the event would not be a bill signing.

Keeping that in mind, Trump may wait to sign the new tax bill until January, to avoid a vote on spending cuts.

http://truthfeednews.com/heres-the-clever-reason-why-trump-may-wait-until-jan-to-sign-tax-bill/ via @truthfeednews

 

[Spike]

Democrats/socialists are on suicide watch today and less than a week after Trump killed their precious Soros net neutrality!...........and Al Franken !

BWAhahahahahahahahahahahaha

Best Election Ever

 

[SteelChip]

Got a box of Ashton VSG's 25% off last week Chip. And I'll be using those savings to pay for the bourbon. Good times.

Life is good..then you die, right Smash ?

You go boy !!

 

[oneforthebus]

https://ijr.com/the-declaration/201...ge-15-dropping-13-5m-bonuses-thanks-tax-bill/

Fifth Third Bancorp on Wednesday announced a plan to “raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees” after the passage of the GOP tax bill, CNBC reported.

Fifth Third said that the tax cuts resulting from the GOP tax bill backed by President Donald Trump will allow it to pass on the benefits to employees.

Fifth Third ... said the tax cut allowed it to re-evaluate its employee pay and pass along some of the windfall. Nearly 3,000 workers will see hourly wages rise to $15. The $1,000 one-time bonus is expected to be paid by the end of this year, the bank said, assuming President Trump signs it by Christmas.

Senior managers and top executives are excluded from the special payments. “It is good for our communities, employees and Fifth Third Bank,” said CEO Greg Carmichael in a statement.

Fifth Third is the latest of several companies to react favorably to the GOP tax reform bill.

AT&T announced on Wednesday that the company would pay 200,000 employees $1,000 each and up its capital spending by $1 billion. Further, Boeing announced it would spend $300 million in additional employee-related and charitable investment as a result of the tax reform bill.

President Trump on Wednesday predicted that other businesses would follow these companies' lead and the positive economic impact of tax reform would be clear.

 

[Spike]

HEEL!


Paul Ryan praises President Trump's "exquisite presidential leadership"

Speaker Ryan: “Something this big, something this generational, something this profound, could not have been done without exquisite presidential leadership”

--------------------------------------------

After tax vote, Sen. Orrin Hatch says Trump may become the best president ever

"You are one heckuva leader"

http://www.sltrib.com/news/politics...ays-trump-may-become-the-best-president-ever/

------------------------

Good pups


4 more years!

4 more years!

4 more years!

 

[SteelerInLebanon]

AT&T promises $1,000 bonus for employees after Pres. Trump signs tax bill

By Associated Press
Published: December 20, 2017, 5:58 pm
Click to share on Twitter (Opens in new window) Click to share on Google+ (Opens in new window) 79Share on Facebook (Opens in new window)79 Click to share on Pinterest (Opens in new window)

FILE-This May 6, 2012, file photo, shows an AT&T sign at a store in New York. AT&T is seeing declining smartphone sales, leading to the best profitability ever in its wireless arm as it saves on phone subsidies. The largest telecommunications company in the U.S. says it activated 5.1 million smartphones in its latest quarter, down from 5.5 million in the same period a year ago. (AP Photo/CX Matiash, File)

WASHINGTON (AP) — At least three major companies are building goodwill in the wake of President Donald Trump’s tax cuts by finding ways to pass along some of their likely savings to employees.

AT&T says it will pay a $1,000 bonus to 200,000 workers once the tax bill passed Wednesday is signed into law. The Justice Department is currently suing to block a proposed $85 billion merger between AT&T and Time Warner, a deal Trump has objected to as “not good for the country.”

Ohio-based Fifth Third Bancorp says it will pay a $1,000 bonus to more than 13,500 employees, as well as raise the minimum wage for 3,000 of its workers to $15 an hour.

Major government contractor Boeing will provide an additional $300 million for job-training, facility upgrades and charitable giving.