Majorie Taylor Greene Thread

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cableok

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They wanted all 1% earners to pay more taxes. Not what you stated. You can be pro choice and personally choose to not have abortions. Remember this was before an additional 14% reduction. Those tax cuts benefiting only the top 1% added to the national debt which affects all tax paying citizens. If you want outrage their is your topic.
Making sure I understand your comment. Are you saying people should be outraged that the 1% of people that already pay 40% of all income taxes now pay ~37% of all income taxes?

If you are referring to the 2017 tax cuts, IRS data shows that the middle and working benefited the most (ie in percentage of tax benefit and number of HHS). Shouldn’t we want people to keep the money they earn?
 

TheMonkey

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Making sure I understand your comment. Are you saying people should be outraged that the 1% of people that already pay 40% of all income taxes now pay ~37% of all income taxes?

If you are referring to the 2017 tax cuts, IRS data shows that the middle and working benefited the most (ie in percentage of tax benefit and number of HHS). Shouldn’t we want people to keep the money they earn?
Good to know. Happen to have links to this data? Thanks in advance.
 

cableok

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Good to know. Happen to have links to this data? Thanks in advance.
Sure. Sorry --- thought that was common knowledge. Here you go.
IRS data proves Trump tax cuts benefited middle, working-class Americans most (yahoo.com)

A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans' Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.

Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.

By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent
.
 

TheMonkey

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Sure. Sorry --- thought that was common knowledge. Here you go.
IRS data proves Trump tax cuts benefited middle, working-class Americans most (yahoo.com)

A careful analysis of the IRS tax data, one that includes the effects of tax credits and other reforms to the tax code, shows that filers with an adjusted gross income (AGI) of $15,000 to $50,000 enjoyed an average tax cut of 16 percent to 26 percent in 2018, the first year Republicans' Tax Cuts and Jobs Act went into effect and the most recent year for which data is available.

Filers who earned $50,000 to $100,000 received a tax break of about 15 percent to 17 percent, and those earning $100,000 to $500,000 in adjusted gross income saw their personal income taxes cut by around 11 percent to 13 percent.

By comparison, no income group with an AGI of at least $500,000 received an average tax cut exceeding 9 percent, and the average tax cut for brackets starting at $1 million was less than 6 percent.
Thanks. I’ll have to dive into this more, but while the source data is from the IRS, the analysis is by Glenn Beck’s coauthor.
 
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Anybody wanna see MTG auditioning for American Idol under the name Stephanie Sugarman?
https://www.reddit.com/r/BadChoicesGoodStories/comments/x5gqhw/marjorie_trailerpark_queen_auditioning_for_season/
 
Apr 13, 2021
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Making sure I understand your comment. Are you saying people should be outraged that the 1% of people that already pay 40% of all income taxes now pay ~37% of all income taxes?

If you are referring to the 2017 tax cuts, IRS data shows that the middle and working benefited the most (ie in percentage of tax benefit and number of HHS). Shouldn’t we want people to keep the money they earn?
Balance the budget and then give rich people a tax break. The 2017 cuts weren't paid for and the GOP is 0 for my lifetime about tax cuts paying for themselves.

FYI everytime a dollar is earned in the US the 1% get 49-51 cents of that dollar. Therefore they should be paying more taxes. Can't talk about taxes without talking about earnings if you want to be honest IMO. When the tax cuts aren't paid for, increased deficit, the 99% owe 63 cents on the dollar and the 1%, with your 37 cents. 49 in and 37 out seems like a great deal for 1% of the population. 51 in and 63 out not so much. The current approach makes 1% of the population benefit when the deficit increases.
 
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Deere Poke

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Balance the budget and then give rich people a tax break. The 2017 cuts weren't paid for and the GOP is 0 for my lifetime about tax cuts paying for themselves.

FYI everytime a dollar is earned in the US the 1% get 49-51 cents of that dollar. Therefore they should be paying more taxes. Can't talk about taxes without talking about earnings if you want to be honest IMO. When the tax cuts aren't paid for, increased deficit, the 99% owe 63 cents on the dollar with your 37% equation. 49 in and 37 out seems like a great deal for 1% of the population. 51 in and 63 out not so much.
I have a crazy idea why doesn't the government stop the insane spending. Have to find a party willing to do it though. It's not one of the two in power.
 
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Ok topic at hand. Every time they change tax laws if they manage to bring in more money they increase spending by a larger amount. If they reduce tax revenue they still increase spending. Doesn't seem to matter which party is in power.
Still not on topic of current inequitable tax rates.

There is a big difference on spending. Remember Trump ran on infrastructure and repealing Obama Care. Guess who got that money? Don't you remember McConnell telling Trump to shut up when he brought up replacing Obama Care with a better program. Same when he asked Mitch to create an infrastructure deal. All of that went down the toilet with the deficit increasing 2017 tax cuts.

Go back to Bush reneging on helping the middle class in 2002 after his initial spending plans benefitted his donors primarily. Both of his economic advisers quit in protest. George got the word from Rove the GOP needed to focus on donors for the mid terms.

I live in CA and the GOP is so unelectable it provides no opposition to the democrat party. I don't like that at all. IMO the US needs both parties to be viable options. I had respect for the GOP and then the tea party, RINO hunting, and finally Trump was the POS that broke the camel's back. The fact Trump was the "best" option against HC is a sad statement about the GOP. Yet conservative voters pretend all of this never happened. What really happened is left wing nut jobs took over the Democrat party. Moderates Clinton, Obama, and Biden suddenly became left wing socialists extremists killing our country by passing infrastructure and health care.
 

Deere Poke

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Still not on topic of current inequitable tax rates.

There is a big difference on spending. Remember Trump ran on infrastructure and repealing Obama Care. Guess who got that money? Don't you remember McConnell telling Trump to shut up when he brought up replacing Obama Care with a better program. Same when he asked Mitch to create an infrastructure deal. All of that went down the toilet with the deficit increasing 2017 tax cuts.

Go back to Bush reneging on helping the middle class in 2002 after his initial spending plans benefitted his donors primarily. Both of his economic advisers quit in protest. George got the word from Rove the GOP needed to focus on donors for the mid terms.

I live in CA and the GOP is so unelectable it provides no opposition to the democrat party. I don't like that at all. IMO the US needs both parties to be viable options. I had respect for the GOP and then the tea party, RINO hunting, and finally Trump was the POS that broke the camel's back. The fact Trump was the "best" option against HC is a sad statement about the GOP. Yet conservative voters pretend all of this never happened. What really happened is left wing nut jobs took over the Democrat party. Moderates Clinton, Obama, and Biden suddenly became left wing socialists extremists killing our country by passing infrastructure and health care.
The only republican that has done what they said they were going to do and carried out the ideals they preach in my lifetime was Gingrich and his Contract with America that Clinton signed off on.

Bush was a total disaster for Republicans. He took everything that was accomplished before him and trashed it with the help of Republicans running congress for the first time in 40 years. Spent like a madman got into multiple wars slammed through the patriot act. The list goes on. He completely destroyed what Reagan started. The tea party and Trump are a result of him and the Republican congress that enabled him.
 
Apr 13, 2021
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Northern California
The only republican that has done what they said they were going to do and carried out the ideals they preach in my lifetime was Gingrich and his Contract with America that Clinton signed off on.

Bush was a total disaster for Republicans. He took everything that was accomplished before him and trashed it with the help of Republicans running congress for the first time in 40 years. Spent like a madman got into multiple wars slammed through the patriot act. The list goes on. He completely destroyed what Reagan started. The tea party and Trump are a result of him and the Republican congress that enabled him.
Just goes to show what can happen when Democrats and Republicans work together. Only budget surpluses of my life were during Clinton. FYI every GOP senate member voted no. Newt beat the same drum of disaster.

In proposing a plan to cut the deficit, Clinton submitted a budget and corresponding tax legislation (the final, signed version was known as the Omnibus Budget Reconciliation Act of 1993) that would cut the deficit by $500 billion over five years by reducing $255 billion of spending and raising taxes on the wealthiest 1.2% of Americans.[5] It also imposed a new energy tax on all Americans and subjected about a quarter of those receiving Social Security payments to higher taxes on their benefits.[6]

Republican Congressional leaders launched an aggressive opposition against the bill, claiming that the tax increase would only make matters worse. Republicans were united in this opposition, and every Republican in both houses of Congress voted against the proposal. In fact, it took Vice President Gore's tie-breaking vote in the Senate to pass the bill.[7]



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Deere Poke

I'd rather be in the woods
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Just goes to show what can happen when Democrats and Republicans work together. Only budget surpluses of my life were during Clinton. FYI every GOP senate member voted no. Newt beat the same drum of disaster.

In proposing a plan to cut the deficit, Clinton submitted a budget and corresponding tax legislation (the final, signed version was known as the Omnibus Budget Reconciliation Act of 1993) that would cut the deficit by $500 billion over five years by reducing $255 billion of spending and raising taxes on the wealthiest 1.2% of Americans.[5] It also imposed a new energy tax on all Americans and subjected about a quarter of those receiving Social Security payments to higher taxes on their benefits.[6]

Republican Congressional leaders launched an aggressive opposition against the bill, claiming that the tax increase would only make matters worse. Republicans were united in this opposition, and every Republican in both houses of Congress voted against the proposal. In fact, it took Vice President Gore's tie-breaking vote in the Senate to pass the bill.[7]



View attachment 97404
There was never a surplus. There was a reduction in deficit spending. Have to use vodoo magic on the numbers to create a surplus. Here are the raw numbers before the number games. Notice in 2000 when they claim a surplus the debt still went up almost 18 billion. Also the deficit didn't really start shrinking until 97.

Source https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

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