GOP Debates Retroactive Tax Cuts

[red dog 1]

The Hill
August 11, 2017


Republicans are debating whether parts of their tax-reform package should be retroactive in order to boost the economy by quickly putting more money in people's wallets.

Already under pressure to secure a significant legislative victory prior to next year's midterm elections, some Republicans argue that having tax changes take effect as early as January 2017 could help their cause.

The House Ways and Means and the Senate Finance committees are weighing the issue as they write legislation that can be introduced after the August recess.

Those pushing for retroactive tax changes in recent days include several prominent Republicans.
House Freedom Caucus Chairman Mark Meadows (R-N.C.) said last week that retroactive tax cuts are important so that the benefits of the tax changes are realized sooner.

"We need to make it retroactive so that we unleash the cash and the capital that is sitting there that's waiting to be invested," Meadows said.

Publishing executive Steve Forbes, who backed President Trump during the 2016 presidential election, said Tuesday in an op-ed for his magazine that it's crucial for tax cuts to be retroactive.

"Very important, the GOP must make these reductions retroactive to the beginning of 2017," he wrote.
"We want this tax bill to kick up the economy ASAP. And it wouldn't hurt if people got big tax refunds next April."

More:
http://thehill.com/policy/finance/345957-gop-debates-retroactive-tax-cuts

[HAB911]

1. I pledge any refund

to the DNC


anyone else?

[maxsolomon]

2. Ah, the GWB ploy

send people a pittance so they DGAF about skyrocketing inequality.

the GOP is chasing after ghosts. Growth is dead.

[unblock]

3. Retroactive tax cuts -- all the expense, none of the incentive.

Rich people wanting government giveaways.

[Angry Dragon]

4. no cuts for the wealthy

[dawg]

5. Retroactive tax cuts might encourage "job creators" to get in their time machines ...

and retroactively create some jobs.

Which is, of course, ridiculous. Because income tax cuts don't create incentives to expand employment - wages are already 100% deductible.

[angstlessk]

6. Is there a study that links investment in the stock market to jobs created?

For every $10,000 invested how many jobs? $1,000,000 # jobs? etc?

[pansypoo53219]

7. paid for by cuts to the poor of course?

balanced budgets MY ASS.

[CrispyQ]

8. So I'll get $300 & Dick Cheney will get $45,000.

I think that's how this scam worked out last time, when Bush did it.

[red dog 1]

9. I remember getting my $300 check from "W" back in 2008

Compared to the lying, deceitful, stupid Orange Asshole we have as POTUS now, Bush 43 seems like a genius in comparison.
(I wish I could get in a time machine & go back to "08)

[Hassin Bin Sober]

12. And Sheldon Adelson will get $50 million

[flotsam]

10. Do the fatcat bastards even guess...

because every time something like this gets printed a hundred more of the masses begin to dream of tumbril carts and guillotines...

[Yo_Mama_Been_Loggin]

11. Poor Steve Forbes

Inheriting money is hard work.

[red dog 1]

13. Steve Forbes never blinks

This is shown in Michael Moore's 2nd movie, "The Big One"
MM watches a video of Forbes for about 4 or 5 minutes, and Forbes doesn't blink once.
MM says he then called a large hospital, talked with an eye doctor & told him about Forbes not blinking even once in 5 minutes, and the doctor said: "Well, that's not human."