Trump 47

4 a.m. and our Republican colleagues just voted against Warren/Kelly/King amendments that would have stopped further tax cuts for people making over $10 million; then $100 million; and then $500 million.
No it isn’t a dream. 😴
They just did it.

www.threads.net

Amy Klobuchar (@amyklobuchar) on Threads

4 a.m. and our Republican colleagues just voted against Warren/Kelly/King amendments that would have stopped further tax cuts for people making over $10 million; then $100 million; and then $500 million. No it isn’t a dream. 😴 They just did it.
www.threads.net www.threads.net
 

'Getting out of control': Ohio Republican gives Trump a warning​


At least one Republican lawmaker appears to be willing to publicly express the discomfort that many of his colleagues are reportedly feeling about the massive cuts President Donald Trump and X owner Elon Musk are making to the federal workforce.

In an interview with the Columbus Dispatch, Rep. Troy Balderson (R-OH) said that Trump's executive orders were getting "out of control" and he said that Congress ought to decide whether to abolish entire government agencies such as the Department of Education or the United States Agency for International Development.


"Congress has to decide whether or not the Department of Education goes away," Balderson said. "Not the president, not Elon Musk. Congress decides."
 
Polds4OSU said:
4 a.m. and our Republican colleagues just voted against Warren/Kelly/King amendments that would have stopped further tax cuts for people making over $10 million; then $100 million; and then $500 million.
No it isn’t a dream. 😴
They just did it.

www.threads.net

Amy Klobuchar (@amyklobuchar) on Threads

4 a.m. and our Republican colleagues just voted against Warren/Kelly/King amendments that would have stopped further tax cuts for people making over $10 million; then $100 million; and then $500 million. No it isn’t a dream. 😴 They just did it.
www.threads.net www.threads.net
Click to expand...
How much were the “further tax cuts” from last year?
 
JTOSU said:
How much were the “further tax cuts” from last year?
Click to expand...
That would be the TCJA that Trump signed in 2017. it went into effect in 2018 and expires at the end of 2025.

Prior to 2017 the tax brackets looked like this
10%, 15%, 25%, 28%, 33%, 35%, 39.6%

After Trump signed the TCJA that went into effect in 2018 and expires at the end of the year the tax brackets went to

10%, 12%, 22%, 24%, 32%, 35%, 37%

So the top 3 tax brackets went from
33 down to 32
35 stayed at 35
39.6 down to 37

Those were the FIRST round of Tax cuts for the ultra wealthy top 3 tax brackets that are still in place today. At that time this tax cut was estimated to lose ~$1.2 TRILLION dollars in tax revenue over a decade

Per Klobuchar post. Apparently Last night they voted to not only keep the expiring lower tax rates from Trumps TCJA but even extend them further for the top 3 tax brackets.

Good read on it can be found https://www.modwm.com/what-if-we-go-back-to-old-tax-rates/
 
Polds4OSU said:
That would be the TCJA that Trump signed in 2017. it went into effect in 2018 and expires at the end of 2025.

Prior to 2017 the tax brackets looked like this
10%, 15%, 25%, 28%, 33%, 35%, 39.6%

After Trump signed the TCJA that went into effect in 2018 and expires at the end of the year the tax brackets went to

10%, 12%, 22%, 24%, 32%, 35%, 37%

So the top 3 tax brackets went from
33 down to 32
35 stayed at 35
39.6 down to 37

Those were the FIRST round of Tax cuts for the ultra wealthy top 3 tax brackets that are still in place today. At that time this tax cut was estimated to lose ~$1.2 TRILLION dollars in tax revenue over a decade

Per Klobuchar post. Apparently Last night they voted to not only keep the expiring lower tax rates from Trumps TCJA but even extend them further for the top 3 tax brackets.

Good read on it can be found https://www.modwm.com/what-if-we-go-back-to-old-tax-rates/
Click to expand...
So there were not “further tax cuts” from last year. The tax percentage is the exact same as the last 8 years. The Democrats simply attempted to carve out a tax increase on some citizens, but that was defeated.
 
JTOSU said:
So there were not “further tax cuts” from last year. The tax percentage is the exact same as the last 8 years. The Democrats simply attempted to carve out a tax increase on some citizens, but that was defeated.
Click to expand...

Or Republicans say they want to reduce the deficit but are unwilling to make hard choices on the portion of their base that is most capable of taking on the burden with little to no impact on their daily lives.

Money is relative and an extra $50K annual tax burden on some would be like an annual $20 tax burden on me so I get why people with means are more capable of carrying a larger share of taxes than the guys making $50K. You are more of the all taxes are bad type-we disagree but I can understand your opinion. But spin is spin and at the end of the day if we wish to reduce the deficit it's probably not gonna all come through reduced spending so something has to give.
 
cowboyinexile said:
Or Republicans say they want to reduce the deficit but are unwilling to make hard choices on the portion of their base that is most capable of taking on the burden with little to no impact on their daily lives.

Money is relative and an extra $50K annual tax burden on some would be like an annual $20 tax burden on me so I get why people with means are more capable of carrying a larger share of taxes than the guys making $50K. You are more of the all taxes are bad type-we disagree but I can understand your opinion. But spin is spin and at the end of the day if we wish to reduce the deficit it's probably not gonna all come through reduced spending so something has to give.
Click to expand...
I disagree with your last sentence. We don’t have a revenue problem. Revenue has increased steadily since TCJA, but spending exploded (even when taking away COVID spending).
**Yes, I want taxes lower —- but it is because that is the money of citizens. And I believe citizens can make better choices, and should have that decision, as to how they utilize their own money.**

Democrats (and Republicans) say they want to reduce the deficit, but are unwilling to make hard choices to reduce spending. We see it now with the attempt to focus on reducing waste.
 
JTOSU said:
So there were not “further tax cuts” from last year. The tax percentage is the exact same as the last 8 years. The Democrats simply attempted to carve out a tax increase on some citizens, but that was defeated.
Click to expand...
We don't know what they voted on and passed at 4am yet

The Senate went through an all night Voting session overnight

On Feb 14 Senate GOP member were firmly against extending the TCJA....

www.nbcnews.com

Senate adopts $340 billion budget blueprint for Trump's agenda after marathon 'vote-a-rama'

The 52-48 overnight vote puts pressure on the GOP-controlled House, which plans to take up its own competing budget resolution next week.
www.nbcnews.com www.nbcnews.com
 
Last edited:
JTOSU said:
I disagree with your last sentence. We don’t have a revenue problem. Revenue has increased steadily since TCJA, but spending exploded (even when taking away COVID spending).
**Yes, I want taxes lower —- but it is because that is the money of citizens. And I believe citizens can make better choices, and should have that decision, as to how they utilize their own money.**

Democrats (and Republicans) say they want to reduce the deficit, but are unwilling to make hard choices to reduce spending. We see it now with the attempt to focus on reducing waste.
Click to expand...

If you want a balanced budget I can get on board with that. We are more than capable of spending what we take in so from that perspective it's not an income issue. To reduce the amount of debt we have though, I don't think there are enough spending cuts out there to put a significant dent in that. Dave Ramsey doesn't tell people trying to get out of debt to just get in control of their spending. He says find ways to make extra money as well. Now if we have other means of making more money (tariffs won't work) cool. But unless the government starts finding highly profitable patents through free research I'm not sure how that happens.

Also, fwiw, I might not have given the best example. Government debt and personal debt are two entirely different animals but I figured it was an easily understandable comparison.
 
Polds4OSU said:
That would be the TCJA that Trump signed in 2017. it went into effect in 2018 and expires at the end of 2025.

Prior to 2017 the tax brackets looked like this
10%, 15%, 25%, 28%, 33%, 35%, 39.6%

After Trump signed the TCJA that went into effect in 2018 and expires at the end of the year the tax brackets went to

10%, 12%, 22%, 24%, 32%, 35%, 37%

So the top 3 tax brackets went from
33 down to 32
35 stayed at 35
39.6 down to 37

Those were the FIRST round of Tax cuts for the ultra wealthy top 3 tax brackets that are still in place today. At that time this tax cut was estimated to lose ~$1.2 TRILLION dollars in tax revenue over a decade

Per Klobuchar post. Apparently Last night they voted to not only keep the expiring lower tax rates from Trumps TCJA but even extend them further for the top 3 tax brackets.

Good read on it can be found https://www.modwm.com/what-if-we-go-back-to-old-tax-rates/
Click to expand...

I guess we are not going to talk about the part where the Middle Class has benefited the most out of this break (Three of the bottom 4 brackets moved the most). People would lose it if they took home 3-4% less if this break just expired.

The way people package the rhetoric is fascinating.
 
JTOSU said:
I disagree with your last sentence. We don’t have a revenue problem. Revenue has increased steadily since TCJA, but spending exploded (even when taking away COVID spending).
**Yes, I want taxes lower —- but it is because that is the money of citizens. And I believe citizens can make better choices, and should have that decision, as to how they utilize their own money.**

Democrats (and Republicans) say they want to reduce the deficit, but are unwilling to make hard choices to reduce spending. We see it now with the attempt to focus on reducing waste.
Click to expand...

People want better choices to be made. I understand that. But it's also like cleaning your house out. If you think of every possible use for the stuff you have you will never toss anything. Sometimes you just have to start grabbing crap and throw it out.... it's the only way the house gets clean.

I'd prefer a more thought-out approach than what we have...but it's entirely possible that approach would have no effect. Willing or not we are all going to see how it goes.

I don't like the indiscriminate way we are getting rid of folks. We should be making some effort to keep the best employees.
 
Stillwaterman said:
I guess we are not going to talk about the part where the Middle Class has benefited the most out of this break (Three of the bottom 4 brackets moved the most). People would lose it if they took home 3-4% less if this break just expired.

The way people package the rhetoric is fascinating.
Click to expand...
Yes...3-4% of $150k per year is the same thing as 2-3% of $10 million, $100 million and $500 million

:ROFLMAO:
 
Audio clip from the Brian Kilmeade Show —

Brian Kilmeade: “But that’s all Russia’s fault though, Mr. President. Russia did the inv…”

Donald Trump: (ignores Kilmeade’s remark)

Kilmeade: “But Mr. President, that’s all Vladimir Putin’s fault. Don’t you agree?”

Trump: (ignores Kilmeade’s question) “And then Zelenskyy complains that he’s not in a meeting…”

www.threads.net

Vince D. Monroy (@vincedmonroy) on Threads

Audio clip from the Brian Kilmeade Show — Brian Kilmeade: “But that’s all Russia’s fault though, Mr. President. Russia did the inv…” Donald Trump: (ignores Kilmeade’s remark) Kilmeade: “But Mr. President, that’s all Vladimir Putin’s fault. Don’t you agree?” Trump: (ignores Kilmeade’s...
www.threads.net www.threads.net
 
Trump: Zelenskyy had the most beautiful cities and they’re all demolished

Fox host: But that’s Putin’s fault, don’t you agree?

Trump: I get tired of listening to that, I’ll tell you what

Fox host: Don’t you think it’s Putin’s fault?

Trump: *ignores*

www.threads.net

FactPost (@factpostnews) on Threads

Trump: Zelenskyy had the most beautiful cities and they’re all demolished Fox host: But that’s Putin’s fault, don’t you agree? Trump: I get tired of listening to that, I’ll tell you what Fox host: Don’t you think it’s Putin’s fault? Trump: *ignores*
www.threads.net www.threads.net
 
Holy crap. At his town hall last night, Rep. Rich McCormick compared *his own constituents* who asked him tough and fair questions to January 6 insurrectionists

www.threads.net

Aaron Rupar (@aaron.rupar) on Threads

Holy crap. At his town hall last night, Rep. Rich McCormick compared *his own constituents* who asked him tough and fair questions to January 6 insurrectionists
www.threads.net www.threads.net
 
Polds4OSU said:
Holy crap. At his town hall last night, Rep. Rich McCormick compared *his own constituents* who asked him tough and fair questions to January 6 insurrectionists

www.threads.net

Aaron Rupar (@aaron.rupar) on Threads

Holy crap. At his town hall last night, Rep. Rich McCormick compared *his own constituents* who asked him tough and fair questions to January 6 insurrectionists
www.threads.net www.threads.net
Click to expand...

So he praised them as patriots?
 
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