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TheMastersNemesis

(10,602 posts)
Fri Dec 8, 2017, 01:55 AM Dec 2017

On Chris Hayes Tax Reduction For Fire & Earthquake Damage Gone In Tax Bill. 0 About Tornado Damage.

According to Chris Hayes tonight the above tax reduction for paying for wildfire and earthquake damage would be gone. Interestingly I did not hear him say it included "tornado" damage. Could mean that reduction stays for red states & tornado alley. .

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On Chris Hayes Tax Reduction For Fire & Earthquake Damage Gone In Tax Bill. 0 About Tornado Damage. (Original Post) TheMastersNemesis Dec 2017 OP
It is obvious that they are punishing the blue states. BigmanPigman Dec 2017 #1
It will backfire Iliyah Dec 2017 #2
Oh, you bet! GOP, "the party of fiscal responsibility," Hortensis Dec 2017 #3
Nada for tornadoes too, Masters. Maybe especially Hortensis Dec 2017 #4
Everybody knows. KGOP republicans are dramatically weakening America Achilleaze Dec 2017 #5
Especially, they're deliberately bankrupting our governments Hortensis Dec 2017 #6

BigmanPigman

(51,611 posts)
1. It is obvious that they are punishing the blue states.
Fri Dec 8, 2017, 03:15 AM
Dec 2017

CA Dems must call the state's reps non stop. The pressure on the GOP is working so keep it up until Jan1st. CA residents need to use the fires to light a fire under themselves and energize them to fight this BS Tax Scam. We have enough reps in Ca alone to flip the Tax Scam so make sure you and everyone you know calls and to share your experiences on social media...this part is crucial. The MSM is being distracted by ratings and are not giving much attention to the hundreds of events, protests, etc happening daily throughout the country. It is up to us to spread the word. We did it with the ACA repeal efforts and we are doing it again with the Tax Scam. Call Congress (202)224-3121
https://www.trumptaxscam.org/
https://notonepenny.org/take-action/?p2asource=20171204tmemail

Iliyah

(25,111 posts)
2. It will backfire
Fri Dec 8, 2017, 04:40 AM
Dec 2017

Cali and other blue states are not the only states that wildfires and earthquakes occur. With fracking states, earthquakes will get worst.

1928 - GOPers controlled all three branches. 1929 - stock market crash

2017 - GOPers control all three branches. 2018 - tax scam

2019 - crash

Hortensis

(58,785 posts)
3. Oh, you bet! GOP, "the party of fiscal responsibility,"
Fri Dec 8, 2017, 05:06 AM
Dec 2017

never was, of course, but amazing how many decades that fiction endured against all evidence.

The bill will come into effect within weeks, and its damage to citizens and communities are going to be in the news every week from then on.

Hortensis

(58,785 posts)
4. Nada for tornadoes too, Masters. Maybe especially
Fri Dec 8, 2017, 05:10 AM
Dec 2017

since those often only hurt small numbers of people.

LA Times:

The legislation specifically repeals the deduction for personal casualty losses. The Internal Revenue Service describes casualty losses as including those from “natural disasters like hurricanes, tornadoes, floods and earthquakes. It can also include losses from fires, accidents, thefts or vandalism.”

In the case of a major disaster, Congress still would be able to pass special legislation offering tax breaks for victims, as it has done in the past. ... "Let's say your home burns down and it isn't a disaster that CNN covers," he said. "You're affected the same way, whether it's nine of your neighbors or 900 of your neighbors that lose homes."

The deduction for personal casualty losses is one of many individual breaks that would be eliminated in the House Republican tax bill in an effort to streamline the tax code and produce more revenue to help offset cuts to corporate, business and individual rates.


Hortensis

(58,785 posts)
6. Especially, they're deliberately bankrupting our governments
Fri Dec 8, 2017, 06:17 AM
Dec 2017

so they can't function. We can take our governments back from them, but restoring their functions is going to take much longer.

And too many of us are ourselves weakened and spoiled by previous lives of security in a land of plenty, not at all prepared. Just look at all the whining and whimpering only threats of the relative adversity likely to come are generating.

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