Everything happens along Party lines these days. That’s just how it is.
Background – This is the first significant reform of the U.S. tax code since 1986. President Reagan signed major legislation for corporations and individuals in 1986. Since then, serious tax reform has eluded Republicans, though they repeatedly called for it as the tax code became longer and more arcane.
The Tax Reform and Jobs Act may result in you paying more or less tax. It will clearly help generate jobs and will help the economy along broad lines.
The wicked, lying, corrupt, smug, sly mainstream media have been working overtime to repudiate the benefits to the nation, characterizing the tax cut as a give-away to the rich. Clearly, the big winners are businesses who are being taxed at 21% rather than the 35% they were paying. The Democrats seem to want to return to the years of Obamanation when the DJI was 5,000 points lower. Whatever.
Three Years Ago – the following taxes were implemented as part of the so-called Affordable Care Act:
- Medicare tax went from 1.45% to 2.35%
- The top income tax bracket was raised from 35% to 39.6%
- The top income payroll tax went from 37.4% to 52.2%
- Capital gains tax went from 15% to 28%
- Dividend tax went from 15% to 39.6%
- A 3.5% real estate transaction tax was imposed.
There was also the individual mandate tax for those who chose not to buy government sanctioned healthcare insurance.
I read a piece on CNN that stated that Obama tax reform was larger than the present tax bill. It’s a blatant lie, but it’s what we’ve come to expect from CNN and other news outlets.
And the progs just keep spreading lies.
It's what they do, Adrienne, and there are a lot of mush-minded and weak minded people who swallow them whole.
And the low information voters, the ones who vote dem no matter what, believe it all.
The Dems and their millionaire socialist friends are convinced that the more tax you pay the richer you'll be.
It's like their view on the weather. The warmer it is the colder it gets.
I'm not buying it.
Yes.
Most of those billionaire socialists bribe their legislators to create loopholes just for them.
Lies are around the world before truth can get its pants on… sigh…
If all the usual suspects are clutching their pearls then it must be a great plan.
It's a worthy litmus test.
24 hour news cycle.
Can we just please call it for what it is? The Cartoon News Network.
They give cartoons a bad name.
Comments are closed.