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Trump: Rich People get hurt with the tax plan

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How stupid does this man think America is?  The elections sent a clear message that this President's lack of integrity and his record of defrauding people, simply will not fly.  The tax plan by any objective measure is a rich person's wet dream.

https://www.msn.com/en-us/news/politics/trump-tells-senate-dems-that-rich-people-get-hurt-in-gop-tax-plan/ar-BBEHqm7?li=BBnb7Kz

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2seaoat wrote:How stupid does this man think America is?

Stupid enough to elect HIM!

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Deus X wrote:
2seaoat wrote:How stupid does this man think America is?

Stupid enough to elect HIM!

Got THAT right.

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With 30% of Trump's support coming from racist haters, it is not so much an intelligence thing as it is failure to accept a diverse America. They see a tax plan which takes from them and gives to rich folks, and ignore the same as long as the President continues to rail against diversity in America which is a threat which keeps them up at night. It is not an intelligence thing for cowards to fear change and diversity.

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2seaoat wrote:With 30% of Trump's support coming from racist haters, it is not so much an intelligence thing as it is failure to accept a diverse America.  They see a tax plan which takes from them and gives to rich folks, and ignore the same as long as the President continues to rail against diversity in America which is a threat which keeps them up at night.  It is not an intelligence thing for cowards to fear change and diversity.

WTF? Did you see the Virginia election results? That hateful, racist point-of-view has been soundly rejected across the board--and not just in Virginia.

Try to keep up, Pop. Thanksgiving's just around the corner and you don't want to be the goofy old fart making everyone at the table roll their eyes and smirk.

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Lindsey Graham bluntly summarizes GOP's motivation for tax reform: 'The financial contributions will stop'

November 9, 2017

On Thursday, Sen. Lindsey Graham (R-S.C.) said that the "financial contributions will stop" if the GOP does not pass tax reform. The senator's blunt prediction was reported by NBC News producer Frank Thorp V and later retweeted by Graham himself:

Frank Thorp V ✔️@frankthorp
Q: What happens if GOP isn't able to pass tax reform?

Graham: "The party fractures, most incumbents in 2018 will get a severe primary challenge, a lot of them will probably lose, the base will fracture, the financial contributions will stop, other than that it'll be fine!"
9:46 AM - Nov 9, 2017
202 202 Replies 251 251 Retweets 502 502 likes
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Graham is not first the GOP congressman to admit that the party's financial contributions are somewhat reliant on the passage of a tax bill; earlier this week, Rep. Chris Collins (R-N.Y.) told a reporter, "My donors are basically saying, 'Get it done or don't ever call me again.'" Politico reported in early October that many GOP donors were frustrated by Congress' inaction and that donations to the Republican Party had stalled after their repeated failures to repeal ObamaCare.

Last month, Graham predicted also that the Republican Party would lose control of Congress if they did not pass tax reform. He echoed that sentiment Thursday, saying Republican incumbents would likely lose in primary challenges in 2018 if the tax effort failed.

President Trump has previously said that he wants to sign a tax reform bill by Christmas, though he has repeatedly and falsely claimed that the proposed tax plan would be "the biggest tax cut in the history of our country."

Kelly O'Meara Morales


http://theweek.com/speedreads/736374/lindsey-graham-bluntly-summarizes-gops-motivation-tax-reform-financial-contributions-stop

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'There You Have It': McConnell Says He 'Misspoke' When He Promised No Tax Hike on Middle Class

A New York Times analysis published Friday found that millions of middle class families would see their taxes rise under GOP plan

by Jake Johnson, staff writer

Following the release of a slew of analyses showing that the GOP tax plan would raise taxes on many middle class families—despite repeated promises to the contrary by the Trump administration and Republican lawmakers—Senate Majority Leader Mitch McConnell (R-Ky.) conceded in an interview with the New York Times Friday that he "misspoke" when he declared last week that "nobody in the middle class is going to get a tax increase."

"'I misspoke' is the thing you say when you can't get away with lying anymore."
—Judd Legum, ThinkProgress

"I misspoke on that," McConnell told Times reporter Sheryl Gay Stolberg‏. "You can't guarantee that absolutely no one sees a tax increase, but what we are doing is targeting levels of income and looking at the average in those levels and the average will be tax relief for the average taxpayer in each of those segments."

McConnell's reversal on a talking point that has become a mainstay for Republicans over the last several months as they attempt to sell their tax proposals to a skeptical public comes just 24 hours after the Senate unveiled its own tax plan. Like the House version, the Senate bill calls for massive tax cuts for wealthy Americans and large corporations.

A Times analysis published Friday found that while middle class Americans would fare better under the Senate's plan than the House's, "both bills would disproportionately benefit high earners and corporations and raise taxes on millions of middle class families."

The analysis continued:

The Senate bill appears much better for the very wealthy than it is for the somewhat wealthy. About half of families earning between two and three times the median income—or about $160,000 to $240,000 for a family of three—would pay more in 2018 than under existing law. But among the richest families, those earning more than about $500,000 for a family of three, nearly 90 percent would get a tax cut.

McConnell's insistence that he "misspoke" in confidently declaring that no one in the middle class would see their taxes rise under the GOP plan was immediately seized upon by critics who have long seen through Republicans' characterization of their bill as pro-middle class.


https://www.commondreams.org/news/2017/11/10/there-you-have-it-mcconnell-says-he-misspoke-when-he-promised-no-tax-hike-middle

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