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Author Topic: Republicans Urged to Make Tax Cuts Retroactive  (Read 362 times)

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Offline mystery-ak

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Republicans Urged to Make Tax Cuts Retroactive
« on: August 11, 2017, 02:24:32 pm »


By Mark Swanson   |   Friday, 11 Aug 2017 08:51 AM




Conservatives as well as tax and finance leaders are urging Republican lawmakers to make tax cuts retroactive in any legislation they consider, The Hill reported.

And lawmakers are listening.

Steve Forbes, Grover Norquist and Newt Gingrich have all in the past week pushed for cuts that would be retroactive to the start of 2017, and congressional finance committees are giving it consideration, according to the Hill.

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

more
http://www.newsmax.com/Newsfront/republicans-urged-tax-cuts-retroactive/2017/08/11/id/807097/
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Offline IsailedawayfromFR

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Re: Republicans Urged to Make Tax Cuts Retroactive
« Reply #1 on: August 11, 2017, 03:01:53 pm »
As I understood what the GOP was considering, there will also be a plethora of deductions slashed so that only a few deductions will remain, like the mortgage interest and charitable deductions.

While lowering the tax rate is significant, there may be a lot of people impacted by losing their deductions too.
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Offline dfwgator

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Re: Republicans Urged to Make Tax Cuts Retroactive
« Reply #2 on: August 11, 2017, 03:11:32 pm »
Quote from: IsailedawayfromFR on August 11, 2017, 03:01:53 pm
As I understood what the GOP was considering, there will also be a plethora of deductions slashed so that only a few deductions will remain, like the mortgage interest and charitable deductions.

While lowering the tax rate is significant, there may be a lot of people impacted by losing their deductions too.

It's all a big shell game to fool people.


Gee, I have an idea...why don't we try cutting spending, first? 
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Online Hoodat

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Re: Republicans Urged to Make Tax Cuts Retroactive
« Reply #3 on: August 11, 2017, 05:25:37 pm »
It's unconstitutional.  It was unconstitutional when Clinton did it.  It will be unconstitutional when Trump does it.  And most disturbing of all is the willingness of Republicans to ignore the Constitution.
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Offline Formerly Once-Ler

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Re: Republicans Urged to Make Tax Cuts Retroactive
« Reply #4 on: August 11, 2017, 10:24:54 pm »
You Think The Deficit Is Bad? Federal Unfunded Liabilities Exceed $127 Trillion
https://www.forbes.com/sites/realspin/2014/01/17/you-think-the-deficit-is-bad-federal-unfunded-liabilities-exceed-127-trillion/

I'm not waiting for mythical spending cuts.  I want tax-cuts and I will look favorably on anyone who votes for, or signs, my tax-cuts
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