Tax Reform

[dawg80]

Senate passes the bill:

http://www.foxnews.com/politics/2017...m-package.html

Let the discussion begin.

[dawg80]

I like doubling the standard deduction and allowing deduction for up to $10,000 in property taxes.

[Blue Dawg]

I think the Senate Bill did not have the grad student clause, which is good because that was one of the most transparent cash grabs I've ever seen. Otherwise I like the bill for the most part, but you cannot cut taxes without cutting spending. Are they cutting spending?

[johnnylightnin]

Will doubling the standard deduction negatively impact non-profits (like Tech)?

I don't know. A trillion in deficit over a decade is troubling. There are no fiscal conservatives anymore.

[rebelboi]

Will doubling the standard deduction negatively impact non-profits (like Tech)?

I don't know. A trillion in deficit over a decade is troubling. There are no fiscal conservatives anymore.

Dems are now crowing over adding to the federal deficit, but had no problem spending like crazy under Obama and ask them what they want to cut and they can't even tell you

[johnnylightnin]

Dems are now crowing over adding to the federal deficit, but had no problem spending like crazy under Obama and ask them what they want to cut and they can't even tell you

Yep. They're hypocrites. What's the GOP excuse? They're the ones with the power

[rebelboi]

Yep. They're hypocrites. What's the GOP excuse? They're the ones with the power

no excuse, but I don't believe China is ever expecting their money back

[johnnylightnin]

no excuse, but I don't believe China is ever expecting their money back

Let's hope you're right. That's not what I'd call a strategy though.

[DawgyNWindow]

Yep. They're hypocrites. What's the GOP excuse? They're the ones with the power

Excuse = they're hypocrites too.

The only solution is to reduce the size and scope of government. If they had access to every dollar of GDP they'd spend it and still run a deficit. One trillion over 10 years sounds like child's play after 9 trillion over the past 8.

[JuBru]

no excuse, but I don't believe China is ever expecting their money back

They are a significant return. But they're playing the long game.

[JuBru]

The only solution is to reduce the size and scope of government.

Where?

[DawgyNWindow]

Where?

I worked in the private sector for over 35 years, and every company I worked for used to say the same thing. "We are bare bones, operating on a skeleton staff".

Then, lean times would come and suddenly things would be discovered that were really dumb and costly, and when eliminated the company operated at the same level as before and nobody missed them or the people that ran them.

Heck, I keep getting this "expanded census" thing sent to me where they ask me stuff like salary and when I leave for work and how far I drive to work and what I drive and all sorts of personal questions that end up in the garbage can along with all the threat of fines for not completing it. All those idiots can be fired immediately.