Awaiting Trump/s Impeachment: Got a big benefit from Trump's tax cuts, did ya ? Check out this. NEWS & POLITICS Paul Krugman Has a Brutal Message for American Taxpayers If you think...

Richard94611

Got a big benefit from Trump's tax cuts, did ya ? Check out this.

NEWS & POLITICS
Paul Krugman Has a Brutal Message for American Taxpayers
If you think you're benefiting from the Trump tax cuts, think again.
By Jacob Sugarman / AlterNet March 2, 2018, 4:45 AM GMT

Last month, Rep. Paul Ryan (R-WI) came under fire for celebrating the $1.50 weekly raise a public school secretary stands to gain from the recently passed Tax Cuts and Jobs Act. Ryan's outrageous statement is even more preposterous if you actually crunch the numbers. As Paul Krugman writes in his Thursday column, "How’s that $75-a-year saving going to look when the [secretary] finds out that, partly because of that tax cut, her mother’s Medicare plan has been converted into an inadequate voucher system and Medicaid won’t pay for her father’s nursing home care?"

While a slim majority of Americans now holds a favorable opinion of the Republican legislation, Krugman is here to warn them that they are being taken for a ride. That's because the federal government has "no business" cutting taxes at all.

"Why? The federal government, as an old line says, is a giant insurance company with an army," he writes. "Most of its costs come from Social Security, Medicare and Medicaid—and all three programs are becoming more expensive as ever more baby boomers reach retirement age. This means that unless we cut back sharply on benefits that middle-class Americans count on, we will need to raise more revenue than in the past."

We know how this story ends. Even before the president signed their monstrous bill, Republicans were already discussing the possibility of "entitlement reform"—despite the fact that candidate Trump promised not to lay a finger on programs like Medicare and Medicaid. So who stands to benefit from these huge tax cuts? It most certainly isn't lower- and middle-income earners.

"Most of the tax cut actually consisted of huge tax breaks for corporations, which is in effect a big tax cut for stockholders," Krugman continues. "And while many Americans own a bit of stock via their retirement accounts, even if you include these indirect holdings, more than 80 percent of stocks are owned by the wealthiest 10 percent of the population...The wealthy are giving themselves a big gift, and sending the bill to the middle class."

Krugman is willing to acknowledge there's "probably something" to the theory that lower taxes will eventually benefit workers, but not much. The process could end up taking decades, and there's no guarantee corporations won't simply pocket their savings.

Ultimately, his message to American taxpayers is simple: "If you think you were helped by the tax cut, think again. Donald Trump and his allies pretended to give you a gift, but they gave themselves and their wealthy patrons much bigger gifts—and they’re going to stick you with the bill. You’ve been s**mmed."

Michael Rich Loc: Lapine Oregon

Richard94611 wrote:

Got a big benefit from Trump's tax cuts, did ya ? Check out this.

NEWS & POLITICS
Paul Krugman Has a Brutal Message for American Taxpayers
If you think you're benefiting from the Trump tax cuts, think again.
By Jacob Sugarman / AlterNet March 2, 2018, 4:45 AM GMT

Last month, Rep. Paul Ryan (R-WI) came under fire for celebrating the $1.50 weekly raise a public school secretary stands to gain from the recently passed Tax Cuts and Jobs Act. Ryan's outrageous statement is even more preposterous if you actually crunch the numbers. As Paul Krugman writes in his Thursday column, "How’s that $75-a-year saving going to look when the [secretary] finds out that, partly because of that tax cut, her mother’s Medicare plan has been converted into an inadequate voucher system and Medicaid won’t pay for her father’s nursing home care?"

While a slim majority of Americans now holds a favorable opinion of the Republican legislation, Krugman is here to warn them that they are being taken for a ride. That's because the federal government has "no business" cutting taxes at all.

"Why? The federal government, as an old line says, is a giant insurance company with an army," he writes. "Most of its costs come from Social Security, Medicare and Medicaid—and all three programs are becoming more expensive as ever more baby boomers reach retirement age. This means that unless we cut back sharply on benefits that middle-class Americans count on, we will need to raise more revenue than in the past."

We know how this story ends. Even before the president signed their monstrous bill, Republicans were already discussing the possibility of "entitlement reform"—despite the fact that candidate Trump promised not to lay a finger on programs like Medicare and Medicaid. So who stands to benefit from these huge tax cuts? It most certainly isn't lower- and middle-income earners.

"Most of the tax cut actually consisted of huge tax breaks for corporations, which is in effect a big tax cut for stockholders," Krugman continues. "And while many Americans own a bit of stock via their retirement accounts, even if you include these indirect holdings, more than 80 percent of stocks are owned by the wealthiest 10 percent of the population...The wealthy are giving themselves a big gift, and sending the bill to the middle class."

Krugman is willing to acknowledge there's "probably something" to the theory that lower taxes will eventually benefit workers, but not much. The process could end up taking decades, and there's no guarantee corporations won't simply pocket their savings.

Ultimately, his message to American taxpayers is simple: "If you think you were helped by the tax cut, think again. Donald Trump and his allies pretended to give you a gift, but they gave themselves and their wealthy patrons much bigger gifts—and they’re going to stick you with the bill. You’ve been s**mmed."

b Got a big benefit from Trump's tax cuts, did ya... (show quote)

I don't think that it is fair to penalized all of Medicare recipients..

If anyone gets cut or limited..it should be the anti-American progressives first and see how well that goes..

proud republican Loc: RED CALIFORNIA

Richard94611 wrote:

Got a big benefit from Trump's tax cuts, did ya ? Check out this.

NEWS & POLITICS
Paul Krugman Has a Brutal Message for American Taxpayers
If you think you're benefiting from the Trump tax cuts, think again.
By Jacob Sugarman / AlterNet March 2, 2018, 4:45 AM GMT

Last month, Rep. Paul Ryan (R-WI) came under fire for celebrating the $1.50 weekly raise a public school secretary stands to gain from the recently passed Tax Cuts and Jobs Act. Ryan's outrageous statement is even more preposterous if you actually crunch the numbers. As Paul Krugman writes in his Thursday column, "How’s that $75-a-year saving going to look when the [secretary] finds out that, partly because of that tax cut, her mother’s Medicare plan has been converted into an inadequate voucher system and Medicaid won’t pay for her father’s nursing home care?"

While a slim majority of Americans now holds a favorable opinion of the Republican legislation, Krugman is here to warn them that they are being taken for a ride. That's because the federal government has "no business" cutting taxes at all.

"Why? The federal government, as an old line says, is a giant insurance company with an army," he writes. "Most of its costs come from Social Security, Medicare and Medicaid—and all three programs are becoming more expensive as ever more baby boomers reach retirement age. This means that unless we cut back sharply on benefits that middle-class Americans count on, we will need to raise more revenue than in the past."

We know how this story ends. Even before the president signed their monstrous bill, Republicans were already discussing the possibility of "entitlement reform"—despite the fact that candidate Trump promised not to lay a finger on programs like Medicare and Medicaid. So who stands to benefit from these huge tax cuts? It most certainly isn't lower- and middle-income earners.

"Most of the tax cut actually consisted of huge tax breaks for corporations, which is in effect a big tax cut for stockholders," Krugman continues. "And while many Americans own a bit of stock via their retirement accounts, even if you include these indirect holdings, more than 80 percent of stocks are owned by the wealthiest 10 percent of the population...The wealthy are giving themselves a big gift, and sending the bill to the middle class."

Krugman is willing to acknowledge there's "probably something" to the theory that lower taxes will eventually benefit workers, but not much. The process could end up taking decades, and there's no guarantee corporations won't simply pocket their savings.

Ultimately, his message to American taxpayers is simple: "If you think you were helped by the tax cut, think again. Donald Trump and his allies pretended to give you a gift, but they gave themselves and their wealthy patrons much bigger gifts—and they’re going to stick you with the bill. You’ve been s**mmed."

b Got a big benefit from Trump's tax cuts, did ya... (show quote)

Keep on waiting,maybe after 7 yrs you get you wish and President will go, but not because of impeachment,because his second term will be over!!1

Weasel Loc: In the Great State Of Indiana!!

proud republican wrote:

img src="https://static.onepoliticalplaza.com/ima... (show quote)

Handing the keys over to Mikie in 7 years will be the next best thing!!

mactheknife

Richard94611 wrote:

Got a big benefit from Trump's tax cuts, did ya ? Check out this.

NEWS & POLITICS
Paul Krugman Has a Brutal Message for American Taxpayers
If you think you're benefiting from the Trump tax cuts, think again.
By Jacob Sugarman / AlterNet March 2, 2018, 4:45 AM GMT

Last month, Rep. Paul Ryan (R-WI) came under fire for celebrating the $1.50 weekly raise a public school secretary stands to gain from the recently passed Tax Cuts and Jobs Act. Ryan's outrageous statement is even more preposterous if you actually crunch the numbers. As Paul Krugman writes in his Thursday column, "How’s that $75-a-year saving going to look when the [secretary] finds out that, partly because of that tax cut, her mother’s Medicare plan has been converted into an inadequate voucher system and Medicaid won’t pay for her father’s nursing home care?"

While a slim majority of Americans now holds a favorable opinion of the Republican legislation, Krugman is here to warn them that they are being taken for a ride. That's because the federal government has "no business" cutting taxes at all.

"Why? The federal government, as an old line says, is a giant insurance company with an army," he writes. "Most of its costs come from Social Security, Medicare and Medicaid—and all three programs are becoming more expensive as ever more baby boomers reach retirement age. This means that unless we cut back sharply on benefits that middle-class Americans count on, we will need to raise more revenue than in the past."

We know how this story ends. Even before the president signed their monstrous bill, Republicans were already discussing the possibility of "entitlement reform"—despite the fact that candidate Trump promised not to lay a finger on programs like Medicare and Medicaid. So who stands to benefit from these huge tax cuts? It most certainly isn't lower- and middle-income earners.

"Most of the tax cut actually consisted of huge tax breaks for corporations, which is in effect a big tax cut for stockholders," Krugman continues. "And while many Americans own a bit of stock via their retirement accounts, even if you include these indirect holdings, more than 80 percent of stocks are owned by the wealthiest 10 percent of the population...The wealthy are giving themselves a big gift, and sending the bill to the middle class."

Krugman is willing to acknowledge there's "probably something" to the theory that lower taxes will eventually benefit workers, but not much. The process could end up taking decades, and there's no guarantee corporations won't simply pocket their savings.

Ultimately, his message to American taxpayers is simple: "If you think you were helped by the tax cut, think again. Donald Trump and his allies pretended to give you a gift, but they gave themselves and their wealthy patrons much bigger gifts—and they’re going to stick you with the bill. You’ve been s**mmed."

b Got a big benefit from Trump's tax cuts, did ya... (show quote)

Krugman is not a reliable predictor of anything, as you will recall that he predicted that the stock market would crash with President Trump's e******n. That prediction just shows how pathetic the man is even though he was awarded a Nobel Prize in economics. His problem is that he views the World through l*****t, ideological glasses and he lacks common sense. The New York Times is a good place for him and because of their nonsense I cancelled by subscription a long time ago. With regard to his message, "If you think you were helped by the tax cut, think again. Donald Trump and his allies pretended to give you a gift, but they gave themselves and their wealthy patrons much bigger gifts—and they’re going to stick you with the bill. You’ve been s**mmed." he should calculate the tax savings using the NYT's tax calculator. He will be in for a surprise; of course, if he thinks that his tax cut is too large, he can always donate it back to the US Treasury. AS I recall only two groups did not receive a tax cut; those earning more than $1 million per year and those earning less that $24,000 per year, but they don't pay any federal tax anyway.

Richard94611

I see — we should penalize people because of their beliefs.

byronglimish wrote:

I don't think that it is fair to penalized all of Medicare recipients..

If anyone gets cut or limited..it should be the anti-American progressives first and see how well that goes..

crazylibertarian Loc: Florida by way of New York & Rhode Island

Richard94611 wrote:

Got a big benefit from Trump's tax cuts, did ya ? Check out this.

NEWS & POLITICS
Paul Krugman Has a Brutal Message for American Taxpayers
If you think you're benefiting from the Trump tax cuts, think again.
By Jacob Sugarman / AlterNet March 2, 2018, 4:45 AM GMT

Last month, Rep. Paul Ryan (R-WI) came under fire for celebrating the $1.50 weekly raise a public school secretary stands to gain from the recently passed Tax Cuts and Jobs Act. Ryan's outrageous statement is even more preposterous if you actually crunch the numbers. As Paul Krugman writes in his Thursday column, "How’s that $75-a-year saving going to look when the [secretary] finds out that, partly because of that tax cut, her mother’s Medicare plan has been converted into an inadequate voucher system and Medicaid won’t pay for her father’s nursing home care?"

While a slim majority of Americans now holds a favorable opinion of the Republican legislation, Krugman is here to warn them that they are being taken for a ride. That's because the federal government has "no business" cutting taxes at all.

"Why? The federal government, as an old line says, is a giant insurance company with an army," he writes. "Most of its costs come from Social Security, Medicare and Medicaid—and all three programs are becoming more expensive as ever more baby boomers reach retirement age. This means that unless we cut back sharply on benefits that middle-class Americans count on, we will need to raise more revenue than in the past."

We know how this story ends. Even before the president signed their monstrous bill, Republicans were already discussing the possibility of "entitlement reform"—despite the fact that candidate Trump promised not to lay a finger on programs like Medicare and Medicaid. So who stands to benefit from these huge tax cuts? It most certainly isn't lower- and middle-income earners.

"Most of the tax cut actually consisted of huge tax breaks for corporations, which is in effect a big tax cut for stockholders," Krugman continues. "And while many Americans own a bit of stock via their retirement accounts, even if you include these indirect holdings, more than 80 percent of stocks are owned by the wealthiest 10 percent of the population...The wealthy are giving themselves a big gift, and sending the bill to the middle class."

Krugman is willing to acknowledge there's "probably something" to the theory that lower taxes will eventually benefit workers, but not much. The process could end up taking decades, and there's no guarantee corporations won't simply pocket their savings.

Ultimately, his message to American taxpayers is simple: "If you think you were helped by the tax cut, think again. Donald Trump and his allies pretended to give you a gift, but they gave themselves and their wealthy patrons much bigger gifts—and they’re going to stick you with the bill. You’ve been s**mmed."

b Got a big benefit from Trump's tax cuts, did ya... (show quote)

Please hold your breath until Trump is impeached.

mactheknife

Richard94611 wrote:

I see — we should penalize people because of their beliefs.

If you are referring to Krugman's beliefs, he is offering his opinions as an "expert" and of course we should reject them, given his track record.

Michael Rich Loc: Lapine Oregon

Richard94611 wrote:

I see — we should penalize people because of their beliefs.

Well nothing of any sense started this thread..

Punishment for belief or non belief would be too much like how Obama conducts business...

CodyCoonhound Loc: Redbone Country

Richard94611 wrote:

Got a big benefit from Trump's tax cuts, did ya ? Check out this.

NEWS & POLITICS
Paul Krugman Has a Brutal Message for American Taxpayers
If you think you're benefiting from the Trump tax cuts, think again.
By Jacob Sugarman / AlterNet March 2, 2018, 4:45 AM GMT

Last month, Rep. Paul Ryan (R-WI) came under fire for celebrating the $1.50 weekly raise a public school secretary stands to gain from the recently passed Tax Cuts and Jobs Act. Ryan's outrageous statement is even more preposterous if you actually crunch the numbers. As Paul Krugman writes in his Thursday column, "How’s that $75-a-year saving going to look when the [secretary] finds out that, partly because of that tax cut, her mother’s Medicare plan has been converted into an inadequate voucher system and Medicaid won’t pay for her father’s nursing home care?"

While a slim majority of Americans now holds a favorable opinion of the Republican legislation, Krugman is here to warn them that they are being taken for a ride. That's because the federal government has "no business" cutting taxes at all.

"Why? The federal government, as an old line says, is a giant insurance company with an army," he writes. "Most of its costs come from Social Security, Medicare and Medicaid—and all three programs are becoming more expensive as ever more baby boomers reach retirement age. This means that unless we cut back sharply on benefits that middle-class Americans count on, we will need to raise more revenue than in the past."

We know how this story ends. Even before the president signed their monstrous bill, Republicans were already discussing the possibility of "entitlement reform"—despite the fact that candidate Trump promised not to lay a finger on programs like Medicare and Medicaid. So who stands to benefit from these huge tax cuts? It most certainly isn't lower- and middle-income earners.

"Most of the tax cut actually consisted of huge tax breaks for corporations, which is in effect a big tax cut for stockholders," Krugman continues. "And while many Americans own a bit of stock via their retirement accounts, even if you include these indirect holdings, more than 80 percent of stocks are owned by the wealthiest 10 percent of the population...The wealthy are giving themselves a big gift, and sending the bill to the middle class."

Krugman is willing to acknowledge there's "probably something" to the theory that lower taxes will eventually benefit workers, but not much. The process could end up taking decades, and there's no guarantee corporations won't simply pocket their savings.

Ultimately, his message to American taxpayers is simple: "If you think you were helped by the tax cut, think again. Donald Trump and his allies pretended to give you a gift, but they gave themselves and their wealthy patrons much bigger gifts—and they’re going to stick you with the bill. You’ve been s**mmed."

b Got a big benefit from Trump's tax cuts, did ya... (show quote)

Single mother with 2 children making $14,500 would be the person that receives $75 per year tax decrease or credit. This is the child tax credit portion. With standard deductions, I believe it is fair to say, this mother would not pay any income tax.
Thus, a prudent person would define their statement much better than Krugman has ever done. He is just someone trying to generate clicks on his stuff to make more money. Very much like many people online statements or reports.
Shameful in my opinion.

https://www.cbpp.org/low-income-working-families-get-little-from-senate-tax-bills-child-tax-credit-increase-1

mactheknife

byronglimish wrote:

Well nothing of any sense started this thread..

Punishment for belief or non belief would be too much like how Obama conducts business...

Well, Krugman is an Obama boy.

Michael Rich Loc: Lapine Oregon

mactheknife wrote:

Well, Krugman is an Obama boy.

Absolutely a follower..

Weasel Loc: In the Great State Of Indiana!!

CodyCoonhound wrote:

Single mother with 2 children making $14,500 would... (show quote)

Thank you for your post. This is the second time that I have heard of the practice of generating hits to increase profit margins.
The first time, I heard that large corporations were fiddling with topics in order to get people's attention, therefore running up response levels and data usage. It truly is a shameful way to make money, and run a business.
But look at the world we are living in these days. Can you imagine the future, looking ahead just 5 years from now. Some may say what difference does it make, but 13 year olds become 18 year old adults in that short time and as we hear all the time young minds are impressionable.
What we sow, is what we will reap.
Good luck America.

Richard94611

And the young people will be instrumental in helping get Trump impeached.

Weasel wrote:

Thank you for your post. This is the second time t... (show quote)

Michael Rich Loc: Lapine Oregon

Richard94611 wrote:

And the young people will be instrumental in helping get Trump impeached.

Using impressionable kids for political warfare...it's good that it's not real war...the Progs would be shielding their selves like Daesh does..