House passes the biggest tax changes in 30 years

unfortunately economy does not work that easy. effects on a tax increase for corporations would lead the money into offshore. don´t forget that rich people can live wherever they want - poor people can´t afford that.

tax on imports to secure that people buy local would also not work. because first of all most imports are necessary for the local production and on top of that the big companies do not get big from the local market. the main part of the GNP is caused from EXPORTS.
if you tax imports from other countries they will do the same with the products you want to export. at the end of the day this will cause higher prices what have to be paid from the ordinary people.

if you replace the word "money" with "prosperity" you will get a complete other view because prosperity does not depend on how much money people have in their hands - it depends on HOW MUCH THEY CAN BUY with this money.

the one and only way to keep this value high and the costs low is to use the options of a global market. if everybody in this global market does what he can do best (and cheapest) it will lead to prosperity. if the largest share of the tax then only on consumption takes place then those who consume a lot will pay more taxes.

the problem will be than the money what is NOT spend.
and as soon you can make money with money (interest) the sum of the money will increase without a balanced productivity.

of course that is a vision and only possible when the whole planet would work with the same rules.

especially an economy as the US can not survive without the global markt - what means it can not be protected it has to compete.
trying to fix local problems by ignoring global realities can not work.

the problem of US is much deeper as in just taxes and trump´s tax cut will not work as he is expecting it. the main problem is that the local market is limited and no smart company will invest the saved money into a market what is already short before overheating.

that means: this money will not go into the US economy but in markets what still have a chance to grow and those are OUTSIDE of USA.

Need to raise taxes!)) on 150%

This bill is loaded with good news for a small SCorp like myself and my employees...%15 corporate tax break means I will be able to keep paying for my employees healthcare, not that obama shit, real healthcare with low deductible.

So, by your logic, I deserve to be "hurt more" because I am more successful and work my ass off for the money I make, while the "little" guy can continue to skate through life with as little effort as possible, and reap the benefits of my hard work?

No thanks.

Opportunity exists the same for everyone, and if anyone tells you different, they are lying to you.

All it takes to be successful is hard work, ambition and simply giving a fuck about your own future. So it's not my problem if you want to work at McDonalds for the rest of your life because you expect to be taken care of by spending other peoples' money.

S Corps don't pay a corporate tax. Who has an S Corp and doesn't know this??

Now prepare yourself for the largest cuts in programs to pay for it.
No, were are not just talking about welfare, medicare and social security, programs that have been on the chopping block for the republicans since their inception, but where will the money come from to fund the FDA, FAA, FCC, EPA or any agency that protects and manages the money, land, water and air that it is not used in a way that is detrimental to the public. Just remember those cuts when poison food starts coming in from Mexico and China.

They have used the idea of deficit spending for years to cut programs they did not like and now, adding to the deficit larger than anyone in history with a tax cut so the importance of cutting programs comes front and center to pay for it.

The tax cuts that actually come my way are not worth what I will loose.
Perhaps everyone else fairs better.

But I will be the one asked to pay for the roads, water and other infrastructure required for corporations need to do biz.
Paying for jobs....
I owe my sole to the company store...

That's nonsense. You obviously have never even known anyone successful, and certainly were never successful yourself.

One issue is that the guy making $500k is already operating at the max level, so there isn't much he can do to solve the $100k budget problem he now has. Think of a business owner who grinds 7 days per week, what is he going to do, grind 8 days per week? No, he is fucked.

On the other hand, guy making $30k can easily make extra $6k. He can for example spend few months going to some trade school, then instantly make $40k, $50k or even $100k/year depending on how motivated he is.

Another issue is that the guy making $30k pays $50 for his electric bill, while the guy making $500k lives in a bigger house and pays $500, so after 20% tax they both would have same difficulty "paying their electric bill."

Same goes for owning a "boat". $500k guy might enjoy boating (cost=$10k/year), while the $30k likely enjoys biking (cost=$100/year). What makes you think that the $500k guy will be hurt less by not being able to enjoy his hobby than the $30k guy?

I believe they are lowering the max rate on any pass-throughs (s-corps, LLCs, Trusts etc) from 39% to 25%

Good news !!!

Walmart will make more profit , so they will raise their salaries so workers no longer need foodstamps .....



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no need for water, roads and infrastructure after you paid for the wall ;-)
the wall will resolve all problems.
same as the taxcut will pay american debts.

$200 for me for the three of us. I'm guessing that's over.

It mostly helps the rich. Thats the sad part.

Dont worry in the end , the righties will blame obama or the dem president who will have to clean up this mess.

Real Heath Care? Obama care actually covered things which is why it wasnt cheap. We used have cheap health care insurance and it covered nothing.

See this goes to show you the biggest leeches arent the single mom on food stamps or guy working harder than we can imagine at some shitty fast food job. Its the rich guy who lived in a country where you can rise from nothing to a millionaire and how do they show their gratitude? I want to pay as close to nothing to the country who gave me a system for my business to grow. They all talk how this is the greatest country in the world but dont want to help paying for the system that makes it the greatest system.

FYI wages arent going up and jobs arent going to be created . This isnt 1986, they didnt have technology like we have now. You dont need as many people and that's not going to change. This was a greatest robbery ever, this guy Trump has done.