Congresswoman Kristi Noem staged multiple events earlier this winter to create the impression that the Trump tax cuts she voted for would help all sorts of South Dakotans, not just the rich ones.
According to a new CNBC poll, the general public isn’t getting that impression:
Perhaps most importantly, the data show that the tax cuts have not been felt, at least not yet. The poll was conducted March 17-20, which should be well enough into the year for Americans to notice a change in their withholding taxes. But that’s not the case.
Just 32 percent of the public reports having more take home pay because of the tax cuts, including only 48 percent of Trump supporters and 35 percent of the middle class. More than half say they see no change in their paychecks and 16 percent are unsure. It could be that more time is needed for people to notice the change. It could also be that the tax cut provided too small a break to be meaningful to many Americans.
Some evidence of this comes from the 32 percent who say they have noticed more take-home pay. Of this group, only 38 percent say the extra pay helps their financial situation “a great deal” or “a fair amount, while 40 percent say it helps some or just a little, and 22 percent say “it does not help much at all” [Steve Liesman, “Trump’s Approval Rating Dips Amid Opposition to Tariffs and Little Change from Tax Cuts,” CNBC, 2018.03.27].
Walmart says the Noem/Trump tax cuts were responsible for them give out $1.4 million in employee bonuses in South Dakota and $400 million nationwide. But Walmart gave more lasting wage hikes in 2015 and 2016 and bonuses in 2017. This year’s bonuses are paid for in substantial part by closing 63 Sam’s Clubs and other downsizing:
Since these wage increases and bonuses were announced in January, Walmart has closed 63 Sam’s Club locations, laying off nearly 10,000 employees; eliminated 3,500 Walmart store co-manager positions, replacing them with lower paying assistant manager positions; slashed 500 corporate jobs; and announced it was expanding its Scan and Go technology to 100 more stores – threatening more front end positions.
In the last 2 years, Walmart will have eliminated an estimated 30,000 jobs and closed more than 170 stores. More closures and layoffs are possible as Walmart continues to reorient its business toward e-commerce and develop in-store technology [Randy Parraz, Making Change at Walmart, quoted in Max Brantley, “Walmart Bonuses: The Rest of the Story,” Arkansas Times: Arkansas Blog, 2018.03.09].
Plus, Walmart is getting at least $1.85 billion a year and maybe $2.2 billion a year from the Trump cuts. Less than a quarter of that appears to be going to the employees Walmart isn’t cutting. That’s a pretty light trickle down.
But did we expect anything different from the Noem/Trump plan?
Tax experts said there are a number of reasons why people might not be reporting seeing an increase in their take-home pay.
One reason is that many taxpayers won’t end up receiving a particularly large tax cut, especially if the benefit is spread out over the course of the year.
For example, the Urban-Brookings Tax Policy Center has estimated that people with incomes between $48,600 and $86,100 will, on average, receive a tax cut of $930 for 2018, which is around $35 per pay period if divided equally among 26 pay periods. The group said that people with income of below $25,000 will, on average, get a tax cut of only $60 over the course of the whole year.
“The tax bill just doesn’t provide much benefit to most people,” said Vanessa Williamson, a fellow in governance studies at the Brookings Institution [Naomi Jagoda and Niv Elis, “GOP Tax Message Hits a Snag,” The Hill, 2018.03.30].
Kristi Noem can keep trotting out her outliers, lucky loopholers lapping up The Donald’s largesse to the luxury class, but a majority of her constituents will be scratching their heads wondering what great windfall she’s talking about.
Related: But check your utility bill: Mid-American Energy may kick back $20 a year to each customer.
Maybe NOem could come here and try to challenge what you’ve stated Cory. if she is really proud and confidant of the tax cuts she should explain it.
Since she doesn’t hold town hall meetings this would be the perfect place to explain herself.
All I needed was an extra $4 per month because 4 bucks will buy me a months worth of Ramen Noodles. I eat noodles almost 5 days per week.
Instead I lost $2.60 per month.
The Aberdeen Chamber has scheduled a town hall with Kristi at the Aberdeen Ramkota on Thursday, April 5, 11 a.m. My week involves some travel, but I will try to fit that event in.
Regardless of what the tax cut numbers say the Trump supporters will claim huge increases in their weekly take home pay and that they made enough on their 401k’s this year that they plan to retire early, this how blind and obstinate they are.
The real test will be the 2018 mid-terms when the impacts are felt not just for individuals but for the nation’s economy.
Coupled with the corporate welfare that is called a tax bill and $1.4 Trillion debt added in just the first year of Trump’s presidency as well as the current budget, the 2020 general election could very well spell recession.
April 5th ? Thursday, a weekday, at 11:00 a.m. ??
Typical Noem m.o. When most working stiffs are, working, that is when she does her faux town halls. When most people can’t show up. Like most of these “events”, the crowd will look, um, older.
(eye roll)
Cory,
How many of the respondents in that poll know their taxes owed are being reduced by an extra $1,000 per child? They won’t see it until they file their 2018 tax return in 2019.
You know nothing about taxes so why blog about it?
It’s obvious Roger knows nothing about the new tax law.
Mike,
Quit lying.
People with incomes below 25, are hardly paying any tax at all. If they have kids, they are getting money back that they never paid in.
Why would you think they would receive a large income tax break Cory?
Jason, quit lying. Jason, quit lying. Jason, quit lying.Jason, quit lying.Jason, quit lying.Jason, quit lying.Jason, quit lying.Jason, quit lying.Jason, quit lying.Jason, quit lying.Jason, quit lying.
Are you over the age of 12 Mike?
Jason is like Trump on a 3:00 am Twitter rant.
I have proved Cory wrong.
LIke I said, he needs to stop blogging about laws he doesn’t know anything about.
I wonder if he knows that he gets a 20% tax deduction if he makes a profit from this website?
Has he posted about that?
I don’t recall him doing so.
If he does know, why hasn’t he posted about it?
Jason,
Cory is under no obligation to answer your questions about his business interest.
How about posting you tax returns, Jason?
Roger,
I never asked Cory to post his tax returns.
He posted an article about tax law, and I am factually posting about how wrong his article is.
Give up while you are behind Roger.
Why won’t you post your tax returns, Jason?
My question doesn’t have anything to do with Cory’s excellent analysis of Trump’s ‘welfare for the rich’ article.
Roger,
Are you incapable of discussing tax law?
Why won’t you answer my question, Jason?
What question did you have?
I don’t need to post my tax return to discuss tax law.
Are you stupid or ignorant?
The Koch congressman in my district, AKA, the Minnesota Embarrassment, has been hiding out from voters since election day, 2016. The only representation we have is 2 great senators, Amy Klobuchar and Tina Smith. The trump tax break was Taxation Without Representation here. I don’t think that’s legal. Maybe it would make a good slogan for a rebellion!?!
Jason you are extremely belligerent. The new tax law comes a complication: Many of its provisions, especially on the individual side of the tax code, expire after just a few years, giving companies and workers an incentive to shift income or investments around in order to reap tax benefits. That can distort the data over the short term, making it even harder for economists to determine the law’s true long-term impact. For now, though, we can be sure that the tax law isn’t having much of an effect on the broader economy
Why are you afraid to post your tax returns, Jason?
You specifically asked Cory if he knew that he got a 20% tax deduction if he made a profit from his website.
You followed up with:
1. Has he posted about that?
2. I don’t recall him doing so.
3. If he does know, why hasn’t he posted about it?
You are prying Cory for information about his business and yet are too cowardly to post your own tax returns.
What’s good for the goose, Jason.
You aren’t here to discuss tax laws, you’re here to repeatedly ask the same petty questions you usually do on Cory’s other threads.
Debbo,
Please tell us how it raised your taxes?
Leslie,
Many of the individual provisions expire because the democrats wouldn’t vote for them to be permanent.
Roger,
You are an idiot.
Cory,
All of my above questions are specifically asked to you now. There is no need for Roger to answer for you.
Jason,
The Republicans could have made the individual tax cuts permanent, but they chose to favor big business over the individual taxpayers. They made the tax cuts for business permanent, but not the tax cuts for individuals. Blaming Democrats for the choices Republicans made in their tax bill is a pathetic attempt at deflection.
I’m honored, the Supreme Idiot just called me an idiot.
Cory won’t mind me answering your inane questions and accusations
But Roger is here and isn’t going away until you post your tax returns.
Darin,
Quit lying. Please post a link to where the Republicans said they didn’t want a permanent tax cut for individuals.
The Democrats blocked a permanent tax cut. Go ahead and prove me wrong. Want to bet your house you can’t?
Roger,
I am going to assume Cory doesn’t want you answering for him.
LIke I said earlier, my questions are now for him.
Jason,
Oh petulant one, I’ve been a long time supporter of Dakota Free Press and a personal friend of Cory’s.
Cory will have no objection to me answering questions about or for him.
This a public blog where discussion is encourage, even by anonymous cowards, and it is not your place to be the resident headmaster.
Now, about those tax returns?
I’m going to guess that Cory will have a problem with your stupidity. If not, than that is on Cory.
Do you think Cory will say I am wrong in what I posted?
This web blog article is a prime example of fake news. The facts don’t support Cory. My question to Cory is is does he not know the law or is he purposely misleading.
Jason,
Can you read without spinning in your own mind what I wrote? I don’t know if you can.
I didn’t say the Republicans didn’t want permanent tax cuts for individuals, you ignoramus. Yes, if you are going to call me a liar I’m going to call you an ignoramus, ignoramus.
I said they chose to favor businesses over individuals. That means they could have made the individual tax cuts permanent and the business tax cuts would have expired without reauthorization. Instead, they made the business tax cuts permanent and the individual tax cuts not permanent.
Spin away!
Jason,
Did you land on your head at childbirth?
Your ignorance and fit throwing is alarming.
Who in hell goes on a public blog and bets his house? You behave like a child playing cops and robbers and insisting you shot your opponent first.
Darin,
The Democrats blocked permanent tax cuts for every American family. That is a fact.
As for Business tax cuts, Cory only gets a break for 10 years assuming he makes a profit.
I don’t spim, I talk facts.
So far, you look ignorant for not knowing the facts.
As for C Corps. They had to make that permanent to compete with the world.
It’s not rocket science Darin.
Roger,
Who the hell goes on a public blog and asks someone to post their tax return?
You are either stupid or just a troll.
Jason,
This wasn’t a Democratic bill and it wasn’t a product of compromise between Republicans and Democrats. This was a Republican bill. Your peeps wrote it, so own it.
They could have made the individual tax cuts permanent without a single Democratic vote. The Republicans did not choose to do so. They chose instead to make the large corporate tax cuts permanent. That is the fact which you keep dancing around.
Darin,
Let’s talk about world corporate tax rates. Are you game for that?
The regular credible friends of DFP know that I am neither stupid nor a troll.
A troll is usually someone that trolls a blog and makes ignorant comments, such as you do, while not having the courage to use their real names.
You ask meaningless questions and are not happy when someone doesn’t give you the response you want.
You’d fit in nicely over at Dakota War College where petulance and ignorance are welcome.
Quit wasting peoples time and make some meaningful comments.
Roger,
I post facts.
I will gladly debate Cory in person.
It’s not my fault posters on Cory’s website are stupid or ignorant.
Jason,
If you want a ticket out of here, you’re doing a damn good job.
Calling entire group of people “ignorant and stupid” just because they don’t swallow your crap is “ignorant and stupid” and I personally resent it.
Roger,
This is why you are ignorant. I only called the ignorant posters ignorant. You are ignorant thinking I am calling everyone who disagrees with me ignorant.
Roger, did you graduate from college?
Darin,
How many dollars are Apple bring back to the US to be taxed?
I await your answer but I doubt you will not answer it.
“It’s not my fault posters on Cory’s website are stupid or ignorant” – Jason
That sounds pretty inclusive to me.
I’m sorry Roger, I left out the word “some”. Does that make you feel better?
It is somewhat strange that a intelligent college educated poster would omit a simple four letter word, intentionally.
Your lukewarm Laura Ingraham apology won’t work.
I’ll run with your original comment.
2018 tax information. One of the things to note is that it really is a scam. https://www.forbes.com/sites/kellyphillipserb/2018/03/07/new-irs-announces-2018-tax-rates-standard-deductions-exemption-amounts-and-more/#3a33ff603133 It is a scam.
As for C Corps. They had to make that permanent to compete with the world.
It’s not rocket science Darin.
Wrong again, spit fer brains. Wingnuts had to choose between permanent taxcuts for the 1% or permanent cuts for everyone else to ensure the deficit from the bill did not exceed 1.5 trillion bucks. Had they exceeded that amount they could not pass the taxcuts for the koch bros with 51 votes, like they did.
Darin was right. You were wrong as per usual.
Just for you, Jason. Enjoy yer Socialism.
https://3.bp.blogspot.com/-5xoz0qICyTc/WrcoWYqxaGI/AAAAAAABwew/0sRntgYZ2s0LBYMBUCoQ7zu1n-v1amVvQCLcBGAs/s1600/x%2B6.png
and before you pat yerself and Drumpf on the back for bonuses to workers, it wouldn’t hurt to do a little looking around. Many of the pay raises and bonuses were already promised to workers before this abortion of a tax giveaway passed without a single democrat vote.
Congress could have forced korporations to give workers bigger pay raises and bonuses when they got a 20% reduction in repatriated korporate taxes from off shore. Wingnuts in congress chose to trust korporate amerika to do just what they did. They used the vast majority of their returned wealth to enrich themselves and their stockholders. What a surprise.
You guys haven’t proved what I said is wrong yet.
Cory hasn’t answered my questions yet either because he now knows or knew what I have said is correct.
The shareholders should decide where to spend money, not congress. This is America, not China.
Jason, you’re complaint at the top is irrelevant to the poll question asked. The poll specifically asked about take-home pay. The Trump/Noem cuts took effect right away, and employers were supposed to start following them in withholding in February. As the original article states, the March poll gave plenty of time for those changes to take effect and for people to notice. The poll asked if people noticed any change in take-home pay, and a large majority reported no significant change. People know their taxes and they know their paychecks. Your assertion that the people speaking here don’t know anything about taxes is false and an effort to distract readers from the fact that you can’t refute the facts reported.
Cory,
If people knew their taxes, they would know their taxes will be lower this year.
You didn’t answer my question about your 20% tax deduction.
Why is that?
So Cory,
Did you know they can change their W-4 to get the extra 1,000 per child back during this year?
If you did, then you are omitting facts from your readers.
Jason, irrelevant. Taxpayers answered the question honestly. The majority said they have seen no change so far. You come back next year after April 15 with a poll showing mass satisfaction with vastly reduced tax bills and vastly increased refunds, and you have a case. But the point is that right now, people are not seeing the benefits that Trump promised.
And note, neither Trump nor Noem said anything about having to change our W-4s or anything like that. They just said we’d all see a difference in our paychecks automatically. Deal with the claims made, not with theb claims you wish elected Republicans were smart enough to make.
The reason I haven’t answered every one of your questions is because (a) you evidently have more time to write questions than I have to answer them, (b) I don’t feel an obligation to urn down every rabbit hole to which you want to distract us, (c) I have lots of commenters who are good at answering questions, and (d) I thus don’t want to hog all the comment space.
An absence of an answer to a question proves nothing. If you want to make a point, provide evidence and see if the evidence withstands scrutiny.
It’s not Trumps or Noems job to tell people they need to change their w-4’s.
It’s not my fault every one of the people that answered the poll doesn’t know anything about taxes.
It’s hilarious you still haven’t addressed your 20% tax deduction.
The tax code is public. That’s where I get my facts from Cory.
Did you know they can change their W-4 to get the extra 1,000 per child back during this year?
If you did, then you are omitting facts from your readers.
First off, this makes zero sense. Typical Jason tripe.
Secondly, I believe it was this same Jason who was railing about poor people getting money back from the government when they didn’t pay taxes. He convieniently forgets all about korporate socialism as practiced by right wing nut jobs.
It’s not my fault every one of the people that answered the poll doesn’t know anything about taxes.
You can prove this-how?
Your depth of knowledge leaves much to be desired.
I know the tax cuts are being felt in a good way in our small community here in Minnesota. Polaris Industries has told us “because of the new tax bill”, they are hiring 70-90 new engineers of which 20-30 will be in our small community of 2700 people. This is great news for us since it will create a demand for housing, with several new homes being built. It will be good for our school that has seen declining enrollment for more than a decade and it will be great for the local economy. Also, I haven’t heard from anyone that is disgusted with having a larger paycheck because of paying less taxes. I know all you anti-Trumpers will discount anything good that he has done, but I don’t think anyone on here can tell us how their life is worse off now than it was before Trump took office because of something he has done. It would be nice if I could get called once on all these “polls” (the same ones that said Trump would lose”). I could certainly say for a fact that my paycheck is larger and it doesn’t matter if is $4 or $400 any increase is better than a decrease because of higher taxes!
How much steel and aluminum goes into Polaris’s products? How many more products will American consumers now pay $4 or $400 more for thanks to Trump’s thoughtless, aimless policies?
Luckily for Polaris, snowmobiles are not among the 128 U.S. products on which China is now slapping 15% and 25% tariffs.
Stuart,
When Trump gets us in a trade war with China and China restricts imports of US soybeans, are you going to listen to the fact that this will have a huge effect on my economic well-being and the ag-based economy of South Dakota, Minnesota and the rest of our country?
And to say that the size of the tax decrease doesn’t matter sounds like Paul Ryan’s statement that a couple of dollars per week is a huge deal for people. The 1% make out like bandits under Trump and the middle class get table scraps. All the while we are increasing the national debt and pushing our rightful responsibilities onto the backs of our children and grandchildren.
Do you remember when Trump said he wasn’t going to benefit under the new tax law? Do you remember him saying the tax bill was going to cost him a fortune? We all know now that those were lies and yet you complain about Trump being treated unfairly. The American people are not being treated fairly when Trump constantly lies to us.
Were you screaming about the national debt the previous 8 years? If you were good for you, if not then why start now? You guys talk in what ifs and when this happens. I am telling you what has had happened and the good it is creating. Not arguing, just stating facts (I know the left hates when those darned things get in the way!) We will see how the tariff war ends. It could turn out to be a bad decision but time will tell. If it doesn’t will you guys come on here and report that you were wrong?? Everyone on the left gets angry when the people who pay the most in taxes get a break. Do you really think that when there are tax cuts, they won’t effect taxpayers? Jason is right, more than 40% get a return as big or bigger than what they paid in, so how can they or should they benefit??
Yes, I have talked about the national debt as a concern on this blog for quite some time. What I said in particular is we needed to deficit spend to make sure the Great Recession didn’t become the 2nd Great Depression. Once our economy was back on track, we needed to get back to tackling the debt. Giving a huge tax break primarily to the richest Americans–those who have gained the most in the last 20 years–was ill-timed and ill-advised.
I’m talking facts. The fact is Trump is getting us in a trade war that will affect my pocketbook and the economy of our state and your state. The tariffs that China has instituted on pork will negatively affect our exports to China which will affect the price US pork producer’s receive. Less US pork will be produced and their will be less demand for corn and soybean meal that is fed to hogs.
What I’m saying on the tax cuts is they were not directed at the lower and middle class. They were primarily designed to help large corporations and the wealthy in our country. Considering the small reduction in taxes that most Americans will get and considering the increase to our national debt, and considering the tax cuts will be offset by rising interest rates as the Fed tries to keep inflation under control, the Republican tax bill was an ill-advised give-away to the rich in America.
Polaris Industries is expanding an operation in Minnesota at the expense of the middle-class and Trump’s ill advised tax cuts.
Again, republicans turn to the failed trickle down economics that haven’t worked in the past and won’t work today or tomorrow.
Trump has added $1.4 Trillion to the national debt in the first year of his presidency, something he promised not to do.
There will come a time when his tax cuts will become due, Trump is on track to add Trillions more to the national debt If he completes his first term.
It took President Obama 8 years to stabilize the economy after another republican president that believed in trickle down economics caused one of the worst recessions of our times.
In the 2012 presidential election President Obama cautioned America not to hand the keys to car to republicans because they will drive it in the ditch. Trump is looking for the ditch.
republicans were so eager to fill their own pockets and the pockets of the wealthy with taxpayer money and refused to see the economic forecast and the cost of their selfish actions.
Add up the numbers, Trump’s 1.4 Trillion debt, welfare for the wealthy called tax cuts, a bloated federal, $50 Million in golf trips to Mar-a-Lago and what do you get.
Trump doesn’t know or understand government policy and doesn’t care to learn, he ignores his advisors and charges forward with considering the consequences.
At the rate Trump is spending, there is a very real possibility that he will be greeted by a 2020 recession just in time for presidential election.
Guys, don’t pick on Jason. Commenting on this blog is all he has. It makes him feel so cool to tell strangers how smart he is. He read the IRS code, you know!? I bet his IQ is off the charts. I bet he tells people all about it, too. Jason, do you have several college degrees and make a lot of money? I bet you do. Please brag to us about your education and wealth. Probably have a hot chick, too, huh? Like, a total, TEN, right!? Bro, give us details. How many beers can you drink? I drank like eighty this one time. You got a spoiler on that two door hyundai? How many high fives can you do in a row? Flatbilled Vikings hat or backwards TapOut hat? How many selfies do you have on your phone? How big is your TV? Probably the 4K, right? You’re the best! So cool.
We just borrowed another 300 billion bucks for Jason and Stuart’s wonderful tax adventure. http://money.cnn.com/2018/03/27/investing/us-debt-sale-record-treasury/index.html
All is good in trump world, just keep clapping the hands with ear plugs in the ears.
All Americans have suffered a loss of prestige since this whiny four year old was put into office by Putin. No one in the world respects America anymore. Obama was rebuilding America’s respect and trust around the globe because he hired competent, knowledgeable cabinet members and ambassadors. Dumbass dubya caused America to lose face with his pre-emptive, illegal invasion of Iraq and allowing the CIA to torture suspects.
Drumpf is dumbass dubya 2.0, only worse. He couldn’t even be honest in talks with Canadian Prime Minister Trudeau. Drumpf is a pathological lying bag of scum who should never have been allowed to set foot in the WH and it is all on wingnuts because they have to be the ones to remove him and they aren’t going to if they think he will help them advance their phony kristian ideology on this once great nation.
And Obama did not run around the world apologizing to other nations for anything.
You tell ’em, Roger.
How bad has America gotten under Drumpf? Longtime, lousy. loon Whorrin Orrin Hatch of Utah has taken to lying about taxcuts for the wealthy. In a debate with Sherrod Brown, Hatch had this to say- I come from the poor people. And I’ve been here working my whole stinking career for people who don’t have a chance, and I really resent anybody saying I’m just doing this for the rich. Give me a break. I think you guys overplay that all the time, and it gets old.’
Sen. Orrin Hatch
Senator Brown reminded congress of earlier off shore repatriation of korporate taxes that korporations were supposed to use to give raises and bonuses and it all went to stock buybacks, as Dems figured.
One last thing, wingnuts are back talking about eliminating meals on wheels and heating assistance for the poor. I guess the koch bros weren’t happy enough with their tax kickbacks.
Thanks mike, bring ’em on.
Ryan, one addition to your excellent commentary about Jason, the DFP Einstein. Jason continues to think that asking a question is stating a fact.
trump is now accusing Amazon of screwing the post office. That would be the same post office that has grown tremendously because of Amazon. To include more hiring’s and even workers on Sunday. Putin is winning this war with full support of NOem/Thune/Rounds/Krebs and Opie, Comrades all.
jerry,
It gets worse, Trump is actually attacking Amazon and Jeff Bezo’s ownership of the Washington Post who Trump’s thinks manufactures fake news and isn’t “very nice to him”.
Trump’s attacks have caused Amazon to take a huge loss in today’s markets.
https://www.vox.com/policy-and-politics/2018/4/2/16226202/oligarchy-political-science-politician-congress-respond-citizens-public-opinion
One more study that sez wingnuts represent the wealthy and Dems the less well off.
Russia has itself experienced this very same manner from Putin and the elites. trump and the oligarchs here are the main benefactor’s of the sell out to Putin’s Russia. For the Russian people, they know that elections are a lesson in futility as the game is rigged. Here in South Dakota, Krebs got $3,150,000.00 to make sure the election is an honest one. Here, in the whole state, there are under 1,000,000 people counting everyone, so the voice we have must be strong. Do you stand with Russia or do you stand with the United States?
Shipping packages for Amazon is the one money making aspect of the USPS. Drumpf is spouting bullstuff again because he doesn’t take the time to get informed.
Jason-your posts are pathetic. your tax bill was analyzed by treasury in ONE page of subterfuge. http://www.businessinsider.com/treasury-report-trump-gop-tax-reform-bill-analysis-2017-12
Washington post analyzes GOP tax cuts here:
https://goo.gl/sTExBS
The short version?
“The richest Americans get $33,000 . . . the poorest get $40.”
Mike, if you want to be taken seriously don’t post links to VOX! Come on, really???
Debbo, I am not sure what your point is???
No one respects us? How is ISIS doing? North Korea wants to talk. Quit with your lift wing drivel and quit spewing talking point garbage!
“lift wing drivel”?
Stuart, did you read the article? That was my point. I thought it was clear– analysis of tax cut, link. That pretty much does it. Black and white.
As a reminder, during the 2016 presidential campaign Trump ‘promised’ to eliminate the debt in eight years.
In true Trump fashion, he has added nearly $2 Trillion debt in 14 months.
Hi Debbo
The link you provided is a fair analysis of the tax cuts.
As we are all aware, Trump supporters aren’t fond of reading, it seems that they take for granted what Trump and other republican mouthpieces feed them and what they want to hear.
What did you expect, the poorest people, who don’t pay taxes to get a $33,000 tax break? Give me a break. When the tax break is working in a year or two, because nothing happens overnight, it will be like crickets on here!
It is a distinct possibility that we don’t have a year or two for the tax cuts to work.
Stuart, did you read the article?
Stuart- VOX has more credibility than all right wing sites combined. Furthermore- That’s what a new analysis of 258 profitable Fortune 500 companies that earned more than $3.8 trillion in profits showed.
Although the top corporate rate is 35 percent, hardly any company actually pays that. The report, by the Institute on Taxation and Economic Policy, a left-leaning research group in Washington, found that 100 of them — nearly 40 percent — paid no taxes in at least one year between 2008 and 2015. Eighteen, including General Electric, International Paper, Priceline.com and PG&E, incurred a total federal income tax bill of less than zero over the entire eight-year period — meaning they received rebates. The institute used the companies’ own regulatory filings to compute their tax rates.
Largest korporations pay no income tax and get billions in tax returns just the same. Why do you wingnuts whine so about the poors stiffing the system and completely ignore the real problems?
Under Drumpf’s taxcuts for the koch bros he alone will save over a billion bucks in taxes after telling America he will not profit from taxcuts. You righties sure have a fleeting relationship with the truth.
Stuart McFarlane
2018-04-02 at 16:03
What did you expect, the poorest people, who don’t pay taxes to get a $33,000 tax break? Give me a break. When the tax break is working in a year or two, because nothing happens overnight, it will be like crickets on here!
Imagine how great Obama’s economy could be if the poor received 33k rebates. They would have it all spent and it would wend its way through the economy and wind up in koch bros pockets making them wealthier as well.
I am telling you what has had happened and the good it is creating. Not arguing, just stating facts (I know the left hates when those darned things get in the way!
Good little soldier, Stuart. You get a piddling 4 bucks while the debt continues to climb and you ignore simple economic facts that taxcuts do not pay for themselves. That is why Drumpf has yer eyes on the 4 dollar prize while he is taking away from the least among us to pay for the wealthy’s taxcuts, and yers, too.
Do you have a link to what you claim Polaris is doing in yer hometown, because I can’t find anything that fits and you can bet I will continue looking because I kinda know when someone is pulling the wool over my eyes.
Warren Buffett’s Berkshire Hathaway walks away with hefty $29 BILLION bonus thanks to Trump’s tax break
Warren Buffett detailed that the Berkshire Hathaway’s net gain of $65.3 billion in 2017 was only partly due to his employees’ efforts
‘Only $36 billion came from Berkshire’s operations,’ he said
The ‘Oracle of Omaha’ revealed that the remaining $29 billion was delivered after Congress rewrote the US Tax Code
The new law, greatly touted by President Donald Trump, lowered the tax rate paid by US corporations from 35 percent to 21 percent
Read more: http://www.dailymail.co.uk/news/article-5430533/New-US-tax-law-brings-Warren-Buffett-nice-check-29-billion.html#ixzz5BYPrdK2V
Follow us: @MailOnline on Twitter | DailyMail on Facebook
29 billion sure ads up to a whole mess of 33ks donut? This is on you and yours, Stuart. This is what you voted for.
Excellent research Mike, thank you. You know how to crawl through those interweb tubes and dig up the facts. I love facts.😍
Seems odd that the tax cuts have not spurred spending, as the feds had to sell our debt once again as there’s NO funds in the check book. Add a trillion when you dont have any funds coming in,”Smart” as in NOT……….. Tax Tax Tax is the only way it works.
Good news for deficit spending wingnuts. In the next few years, deficits will “grow substantially” before stabilizing in 2023, resulting in a projected cumulative deficit of $11.7 trillion for 2018-2027, the CBO said.
Thanks to taxcuts for the koch bros that won’t help Drumpf save a billion bucks and is geared towards middle class (guffaw).
Thanks to wingnuts deficits will regularly be trillion dollar deficits. Better call wingnut busting Dems to save America all over again already.
mike from iowa
The federal debt surpassed $21 Trillion today.
The CBO issued a statement that said in part that federal deficit for 2019 is estimated to be $980 Billion due in part to Trump’s tax cuts and his bloated federal budget.
We’ll have to wait and see how the turbulent markets will respond.
At the rate of government spending, welfare to the 1%, a deficit of $980, and a debt of $21 Trillion, Trump is on course for a 2020 recession, just in time for the presidential election.
NOem and the gang of stupid may have just gotten schooled on what a disaster their tax bill really is. https://www.cnbc.com/2018/04/12/house-gop-pushes-back-plans-to-vote-on-tax-reform-phase-2.html How can South Dakota even consider such a bimbo to continue public office is beyond me. NOem should double down and tell supporters that Jackley made her do it.
So tell me again just how much money this tax scam was gonna mean to me, how will all of that work out now?
A word from Paul Ryan on education for America, as proposed by the koch bros. Wisconsin attempted to change the mission statement of U of W to reflect technical education. I believe wingnuts in South Dakota have tried to push more tech and less liberal arts.
“We have done what needs to be done to get a stronger, more durable foundation under the economy,” the speaker said, adding that he’s “excited” about the GOP’s agenda, which will “focus on career and technical education.”
Roger,
It’s Official: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves
https://www.investors.com/politics/editorials/trump-tax-cuts-revenues-deficits-paying-for-themselves/
http://www.powerlineblog.com/archives/2018/04/trump-tax-cuts-mostly-pay-for-themselves.php
Um, the Powerline link is redundant, since it simply reblogs the Investors Daily post. And the key word is “mostly”: “65% of the tax cuts are paid for by extra economic growth.”
So not only do your sources agree that Trump’s plan increases the national debt, but it does nothing to refute the original claims of this article.
You’re really bad at argument, Jason.
Cory,
The increase to the National debt can be lowered by less spending by Congress.
Sure, and that’s what Trump and the Republicans said they’d do, but they haven’t. So again, you’re not refuting anything that was said at the top: Trump and his Republicans increasing the debt.
NOem, where is that 9% growth thingy? We are now looking at 1.7% growth. The economy is slowing and the tax scam is bogus. More republican nonsense that they always do to blow the country up. Nice
It feels like it was yesterday (not a year ago) that Jason was puffing the Trump line about tax cuts. As said then, this was all smoke and mirrors — except for the wealthy, who scored the big tax cuts. The numbers and stories keep coming in with the final calculation of taxes: the tax cuts did not help most Americans.
https://www.alternet.org/2019/04/new-mother-in-distress-when-she-learns-how-badly-the-gop-tax-plan-hurt-her-family-i-called-my-husband-crying/