General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI fear it will be difficult to use the tax law against Republicans in 2018.
If you understand the implications it's horrendous but those won't be felt in normal people's lives for years yet.
Most people won't understand why the law is a huge shift of cash from our pockets into the super rich because the immediate ramifications will be slightly higher pay checks and lower taxes in April 2019 for most people.
That's going to be hard to demonize, just like the Republicans anticipated.
Most people aren't going to care or understand the long term consequences and by the time the effects are felt, the "new" tax law will be so far back in the past that people won't relate the two.
Cutting Medicare and Social Security may happen soon but they also will be presented as totally unrelated issues.
Dems will explain that it's a direct consequence of the tax law but the explanation takes longer than a quick sound bite so will be hard to sell to most voters.
Reps can just say the deficit it growing too high so we have to cut. A simple, one note explanation.
It's not going to be easy to use this against the Republicans as it should be.
BannonsLiver
(16,387 posts)Kablooie
(18,634 posts)and Republicans will be sure that everyone knows.
Attitudes can change over time.
BannonsLiver
(16,387 posts)Skittles
(153,160 posts)that will wipe out the pitiful tax savings
also, people stupid enough to vote for Trump will expect MUCH MORE than what they will actually see
doc03
(35,337 posts)Skittles
(153,160 posts)they fucking own ACA now, and EVERYONE knows it
doc03
(35,337 posts)Skittles
(153,160 posts)doc03
(35,337 posts)Skittles
(153,160 posts)they will look even more stupid than they do now
and Trump HAS lost some support - his approval rating goes down with every poll
doc03
(35,337 posts)after the election. Every damn TV at the gym was tuned to Faux today.
Skittles
(153,160 posts)but there will be no escaping the pain from this shit
done here, tired of this
Pholus
(4,062 posts)Look Paul Ryan was bragging that a family of four gets a tax cut of $2400.
Do the math on the $2 Trillion divided by the population of the U.S.
Offer a loan to any Republicans who think this is a good deal at even half that return over 20 years or so.
You will get zero takers.
uponit7771
(90,339 posts)... leadership in their phrasing and that's disappointing
dflprincess
(28,078 posts)in our take home pay but many won't really figure out they've been screwed until they file their 2018 taxes in early 2019 - well after the election.
Skittles
(153,160 posts)remember what came later?
History repeating itself.
UTUSN
(70,695 posts)AJT
(5,240 posts)BannonsLiver
(16,387 posts)Thats whats going to happen with the mandate repeal, and the word will begin to get out at election time next year when open enrollment begins. We are all in for a nasty surprise. Connecting the dots on that will be relatively straightforward.
AJT
(5,240 posts)who get there insurance through their employers, which is a majority of americans. Since insurance goes up each year anyway the increase will have to be significant for people to look at why it went up so much. We have to remember a vast majority of americans don't pay much attention to anything unless it affects them directly.
rickford66
(5,523 posts)Over 10 years not more than $1.00 per day, but the rubes don't understand and expect to see the $4,000.
Skittles
(153,160 posts)they are DUMB AS FENCE POSTS
justiceischeap
(14,040 posts)Im in the 1.8% increase bracket. I did the math and it comes out to $4.15 a week.
You only really see a difference when youre making large sums of money. For those of us that dont its no windfall.
BannonsLiver
(16,387 posts)I hope they spread this far and wide because collectively the reaction will be is that all there is?, or some other expression of dissapointment from tens of millions of Americans.
justiceischeap
(14,040 posts)people will see theyre paying more for very little in that paycheck.
roamer65
(36,745 posts)It is going to exponentially.
Also people in CA, NY, IL, NJ and New England are already pissed over the SALT deduction.
doc03
(35,337 posts)to blame the states for that and maybe get Republicans in office to cut taxes.
exboyfil
(17,863 posts)About 2K. I don't see how it is possible to keep revenue loss under $1.5T. Everyone is getting a pony.
It will take some voter education to get through this. I don't ho!d much hope.
doc03
(35,337 posts)doing good the Republicans will do fine. I think they would have been further ahead if they would have harped on the deficit at least they may have turned a couple Republicans. The debt will increase at least $12 trillion the next ten years mainly because of the Bush and Trump tax cuts. Maybe more if asswipe gets his wars.
moondust
(19,981 posts)~
In an interview with 60 Minutes, Brown talked about how legislating for climate change and increasing taxes on the wealthy helped take California from the ninth largest economy in the world to the sixth and turned more than $50 billion of debt into a budget surplus of over $7 billion.
~
As Ronald Reagan, Jr. noted earlier this year, Californias success gives the lie to the Republican orthodoxy of trickle down economics. By rescinding Republican tax cuts for the wealthy, the state was able to fill its coffers and grow.
This stands in direct contrast the the Kansas Gov. Sam Brownback (R), a Tea Party stalwart who has destroyed his states economy by cutting taxes to the bone and thereby bankrupting its coffers. The promised economic boons of tax cuts to millionaires never came.
~more~
Kablooie
(18,634 posts)So many in this country trust propaganda more than reality nowadays.
Propaganda and brainwashing are obviously an old problem dating back probably before the printing press and used variously by religions, Nazis, Communists, Fascists, ISIS, Fox News, and more. I would personally stick with the discernible truth rather than trying to fight fire with fire in this case.
To "60 Minutes" again, this reformed white supremacist who apparently escaped the dark side may offer some clues.
https://www.cbsnews.com/news/rejecting-hate-after-spending-nearly-a-decade-spreading-it/
Iahotdog
(119 posts)Don't think for a minute I'm too stupid to put 2 and 2 together.....and I won't be afraid to let Ernst and Grassley know how I feel about it either!
AlexSFCA
(6,137 posts)so I am afraid 2018 may not be as rosy for us. Many in red and swing states will get a tax cut. The new tax brackets are lower and it is especially true for married filing jointly. The new standard deduction of 24k for a family will be more than sufficient for vast majority of people instantly simplyfing their tax returns.
Here in California, things are less rosy due to the restrictive 10k cap on salt and property taxes. However, I bet for most families, 24k standard deduction would cover salt and property taxes negating the need to itemize. For people with higher incomes in Cali (and other high income&property tax states), things look worse than before. However, due to the lower and expanded tax brackets for families, it may offset the salt&property tax deduction differential for higher income folks too.
Also, it is safe to assume that the stock market will be doing very well for next couple of years (before the crash). This will make older folks very happy, yielding high retuns on 401k and moving them closer to safe retirement.
The biggest issue is folks who rely on ACA. Without the individual mandate, premiums will become unaffordable.
I am not sure its a winning strategy for dems to campaign on repealing the tax bill in swing states.
mulp
(8 posts)10 key takeaways from the Republican tax bill
http://wapo.st/2Bnnbje
Point 1 was on the size of this tax cut as share of GDP.
1, 3, and 4 were signed by Obama, extending the Bush tax cuts, 2010, making them permanent, 2012, and the 2009 stimulus tax cuts.
2 was Reagan's job killing 1981 tax cuts. While sluggish, jobs were created until Aug when Reagan signed his tax cut bill and job losses followed until he signed the tax hike following his signing a repeal of much of the 1981 tax cuts when unemployment hit 10.8%
Of the remaining 6, Bush signed 3 of them. And r signed 3 were signed in the Nixon, Ford, Carter year
So, none of those decades are seen by the GOP, or conservatives, as fantastic for the working class.
The 6 different Bush tax cuts failed to prevent a double dip recession, and then ended even worse after the 2008 tax cut.
So, odds are very high the tax cuts will be followed by job losses, without the near record number of months with continuous job gains.
And the right-wing of the GOP is trying to force job killing spending cuts. Cutting the number of health care workers will not create jobs, other than for drug dealers, police, unddertakers. Making disable and elderly homeless and hungry with SS cuts won't create jobs.
Conservatives create a mythical Reagan, but he was saved from defeat my multiple tax and spend hike two years after he was elected until he was reelected. And tax reform in 1986 did not reduce tax revenue much.
Hunker down for the storm. Almost certainly before Trump runs for reelection.
(Of course, if lots of people hunker down, they will drive a recession.)
delisen
(6,043 posts)Democrats in Congress will only be able to do so much in terms of getting out a message, They will focus on electing Democrats to Congress. That is essential work but it is not going to win the war.
Mueller is doing his part, plus the states attorneys general are playing a role
We ned a more organized opposition with multiple voices that command attention and keep the focus on the battle
H. Clinton, James Clapper, Eric Holder are speaking out. We need more people of this stature. Perhaps Al Franken is planning a role.
We are facing a crazed right wing insurgency that that is backed, if not led by, a foreign power that aims to destroy our country.
We were taken by surprise and not yet up to speed-but we re getting there.
Anyone who still thinks that a message about jobs and winning a majority or near majority in congress in 2018 is going to turn things around is whistling in the dark.
Tiggeroshii
(11,088 posts)Write gave ceased contributing to republicans without it
pnwmom
(108,978 posts)to do so because of our deficit. The one they just increased.