My Goodness..B is raising tax on the under $400K crowd

@mott-the-hoople said
"Bit of a stretch there, but yes, taxing any industry will result in higher costs for that industry's customers. So what?"

Did this fool really just say this?

@no1marauder said
In 1952, Corporate taxes as a share of GDP were 6%; now they are less than 1%. https://www.pgpf.org/blog/2021/04/six-charts-that-show-how-low-corporate-tax-revenues-are-in-the-united-states-right-now

Obviously individual taxpayers have had to make up the difference either through increased taxes now or deficit spending (a tax on future generations).

@soothfast said
Not buying into AverageJoe's crocodile tears about a possible increase in the cost of living for the "little guy" because of a tax on the coal industry. Also, not going to ooh and aah that somehow he has discovered a Great Truth in his twilight years that usually is unearthed in a high school economics class.

How bout Marauder and Southeast go and tell the people who work for them that there will be no activity by government which will cause their cost of living to go up.
That, of course, would be a lie.

@averagejoe1 said
Note how Marauder pulls one piece of data out of our past and hangs his hat on it.
He says " 6%, now 1%," as if this fact will be the basis for conversation on this matter? Ignoring all other countering data that may have existed?? Does he think we are that stupid?
A Marauder answer: "Yes you are stupid." That answer means he has been put down.

The "socialists" at Moody's Analytics concluded the Schumer-Manchin bill if passed would:

" Broadly, the legislation will nudge the economy and inflation in
the right direction, while meaningfully addressing climate change and reducing the government’s budget deficits."

https://www.moodysanalytics.com/-/media/article/2022/assessing-the-macroeconomic-consequences-of-the-inflation-reduction-act-of-2022.pdf

@averagejoe1 said
https://nypost.com/2022/07/31/senate-gop-argues-data-shows-schumer-manchin-deal-raises-taxes-on-earners-under-400k/

Y'all need to keep up. You have to understand this bill, it raises taxes on the common man. If Coal is taxed, the cost incurred by the electric company will pass to the consumer.
Think big, kids. It is not like a tax collector will come to your door.
Geeez

@averagejoe1 said
But he promised to not do it. and his spending plan cannot reduce inflation . You might look up what he is going to do with the money. Ouch. Take care of the aliens, leave the homeless to die in the streets.....
You who make less than $200K a year will pay $16.7 Billion total.
You who make between $200K and $500k will pay $14.1 Billion total.
Joe lied! Suzianne? Sonhouse?

@averagejoe1 said
Note how Marauder pulls one piece of data out of our past and hangs his hat on it.
He says " 6%, now 1%," as if this fact will be the basis for conversation on this matter? Ignoring all other countering data that may have existed?? Does he think we are that stupid?
A Marauder answer: "Yes you are stupid." That answer means he has been put down.

@no1marauder said
The "socialists" at Moody's Analytics concluded the Schumer-Manchin bill if passed would:

" Broadly, the legislation will nudge the economy and inflation in
the right direction, while meaningfully addressing climate change and reducing the government’s budget deficits."

https://www.moodysanalytics.com/-/media/article/2022/assessing-the-macroeconomic-consequences-of-the-inflation-reduction-act-of-2022.pdf

@Mott-The-Hoople
But the idea we actually NEED more cash in fed money so they can try to reduce the ND, OFF with their heads. You are one putrid human being, if you are not actually a Russian bot.

@no1marauder said
Put up some "countering data" then; this is a Debate Forum, not the Ranting and Raving Forum you think it is.

@mghrn55 said
Without bothering to open the link, I just read the link.
Senate-gop-argues....
Should I bother ??

And stop talking about lying !!
You worship someone who lies like it is a bodily function.

@jimm619 said
LINK?

@averagejoe1 said
But their point in the 'argument' is undeniable. That's what they do there, Mgr. Passage of this thing will bring untold new expense down on your fellow citizens. You are aware that just the printing of money would do that.