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2017-09-30 Home Front: Politix

Trump's tax plan is ALREADY in trouble with his own party

[Daily Mail, Where America Gets Its News] The White House's tax plan proposes to raise $1 trillion over 10 years by eliminating the deduction for the state and local income taxes people pay

That's drawing howls of protest from Republicans whose states charge high income tax rates

Seven states have no income taxes, meaning their citizens wouldn't be affected

But some states charge up to 13.3 per cent on top of federal taxes

A family in Los Angeles earning $100,000 would have to fork over roughly an additional $1,800 to Washington if the longstanding deduction goes away

Trump is pitching his tax plan to the National Association of Manufacturers on Friday

Posted by Fred 2017-09-30 00:00|| || Front Page|| [11131 views ] Top

#1 I am absolutely in favor of the corporate profits repatriation tax reduction. American corps. with overseas profits are incentivised, owing to punitive taxes, to leave them out of the country and, unless the CFO's are Scrooge McDucks, they are investing in Property, Plant and Equipment (-> Jobs) overseas.

Big picture is very important here.

Posted by Anomalous Sources 2017-09-30 00:31|| 2017-09-30 00:31|| Front Page Top

#2 House 'Pubs have had months to come up with their own plan, if they were so inclined. This is bullshit, like they want to lose in 2018 just to spite Trump.

Posted by Raj 2017-09-30 00:38|| 2017-09-30 00:38|| Front Page Top

#3 If Trump has success with his tax proposal, the market will indeed take off like rocket. This week's announcement of a GDP increase to 3.1 (the best in nearly a decade), will be followed by 4.0 or better. Should this happen, support for President Trump will be truly galvanized.

I cannot imagine the beltway party permitting this to happen.

Posted by Besoeker 2017-09-30 00:43|| 2017-09-30 00:43|| Front Page Top

#4 his own party

Say what?

Posted by g(r)omgoru 2017-09-30 03:26|| 2017-09-30 03:26|| Front Page Top

#5 Nominal membership.

Posted by Pappy 2017-09-30 11:28|| 2017-09-30 11:28|| Front Page Top

#6 The party out of power should be drafting laws and plans so that when the day comes that they are in power they just need to polish and update and push through that law or plan.

Republicans in power twiddled their thumbs instead.

Posted by rjschwarz 2017-09-30 11:44|| 2017-09-30 11:44|| Front Page Top

#7 I do not want that idiot party "out of power" to ever hold it again after fucking obama. That was entirely contrary to ANYTHING that made sense.

Fuck democrats.
I have had it with them and all their accusations when their utopia never works.
It never can nor will.

Here is 6,000 years to tell you what to do. Don't be like the others.

Posted by newc 2017-09-30 20:27|| 2017-09-30 20:27|| Front Page Top

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