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Post #1137179

Author
Tyrphanax
Parent topic
Politics 2: Electric Boogaloo
Link to post in topic
https://originaltrilogy.com/post/id/1137179/action/topic#1137179
Date created
2-Dec-2017, 2:05 PM

Puggo - Jar Jar’s Yoda said:

Two thoughts on this tax reform…

First, I fear that it is designed to transfer success from small businesses to big businesses. Unless I am misunderstanding something, I don’t see how a small business can survive startup year(s) if it isn’t able to deduct its business expenses… those represent its investment in the future. Couple this with the end of net neutrality, and it’s pretty clear who our government cares about.

Second, I hope that Congress/Senate resolve away the provision in the Congress version that makes grad students count tuition waiver as income. That would cause a huge increase in student loan debt, as well as drive a number of students out of grad school and do further damage to scientific research. A student living on $1000/month having to claim 40-60K a year income? How is that fair?

It’s insane. It’s one of the worst bills ever. All you have to do is look at the riders to know it: this was an “easy” pass for them so of course they stuck in a provision to drill for oil in previously-protected lands (that wouldn’t make it on its own), and a provision to gut parts of the ACA (because they couldn’t pass it otherwise), and more. That’s how you know the corruption runs deep.

Not to mention the actual language of the bill and the process of the bill. Provisions for a tax credit for low income families were proposed but nixed because they would mean a one percent decrease in the tax savings for corporations. Not to mention the “tax breaks” they keep shouting about for the average American all end to coincide with the end of the potential second term of a Republican President. Corporate tax breaks, though? No end date.

Not to mention provisions for tax breaks for religious schools and homeschooling (which is very often religious), plus tax breaks for a school run by DeVos’ family, huge tax cuts for richer people and businesses, and the list goes on. The corruption is thick and rampant.

Go vote. 2018 is a big election year. Clean them out.