There was such high hopes for Republicans going into 2017. A GOP-controlled House and Senate putting legislation on a Republican President's desk is exactly what they've been asking for since Barack Obama first took office. Voters delivered. All was well in the world. 2017 was going to be the year the GOP finally got stuff … Continue reading Holes in the tax plan are appearing. Imagine if they didn’t rush it for an arbitrary deadline.
Today, Mick Mulvaney said something shocking. He declared if the Senate tax cut bill was getting stalled over repealing the individual mandate, then the White House would be okay with killing off that portion. Huh? What Republican would oppose the tax cuts specifically because they had the individual mandate repeal attached to them? Can anyone … Continue reading No Republican should stall tax cuts to save the individual mandate
By: Pat Austin SHREVEPORT – I haven’t poured through the proposed Republican tax plan but I did get far enough to see that teachers will be losing their $250 per year tax credit should it pass unscathed. The tax bill proposed by Republican leaders yesterday scraps a benefit that many teachers have come to rely … Continue reading Proposed Republican Tax Bill Hits Teachers
Here is a link to the full text of President Trump’s tax plan. The Good No business of any size, from a Fortune 500 to a mom and pop shop to a freelancer living job to job, will pay more than 15% of their business income in taxes. This lower rate makes corporate inversions unnecessary … Continue reading President Trump’s Tax Plan – The good, the bad, and the ugly.
For those who still don't get it, and for the benefit of those the president is trying to fool here is a video that explains it all in terms everyone can understand: Any questions? Update: I understand the argument that it's all coming out of social security etc, but as the decision is just how … Continue reading The difference between the House and Senate Payroll tax bills explained in a one minute video
As yet another multi-millionaire laments on the taxes he is not paying Don Surber offers a solution: Now, Matt Damon has a net worth of $65 million and an income of $24 million a year. If he believes his taxes are too low, I have some advice: donate a few million to Uncle Sam. People … Continue reading Don Surber’s Advice to Matt Damon