The New GOP Tax Bill Is Worse Than You Think… | Soshal Network, Social Circle Connection

The New GOP Tax Bill Is Worse Than You Think…

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Us senate Republicans are preparing to hold a vote on their tax reform costs. Cenk Uygur, as well as John Iadarola the host of The Young Turks, breaks it down. Tell us what you assume in the comment area below.

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" Kent Smetters was in the trenches in the Amphibian Gingrich-era Congressional Spending Plan Workplace, and he's an expert of George W. Bush's Treasury Department. A brand-new evaluation using his well-regarded budget version has actually wrapped up the Republican tax strategy won't increase virtually as much earnings as its supporters claim, or provide a meaningful increase to financial growth.

The trouble, according to a pair of new reports by the Penn Wharton Spending Plan Model, is that Us senate Republicans' tax obligation expense would certainly boost federal debt by greater than advertised, and increased debt build-up would neutralize much– or possibly all– of the favorable growth impact of tax obligation cuts. The outcome will likely be reduced revenues for the lower half of the income distribution even before considering the adverse influence of inescapable investing cuts to balance out the remarkably low federal tax obligation intake.

This is technical, in-the-weeds stuff, yet that's where tax obligation plan happens. As well as you could wager that service powerbrokers as well as the donor class aren't scared of diving into it.

To follow the regards to the Byrd Guideline that permits Senate Republicans to bypass an Autonomous filibuster, the tax obligation strategy need to fulfill 2 problems. On the one hand, it should comply with the spending plan resolution's required to elevate the shortage by no greater than $1.5 trillion over 10 years. According to Penn Wharton, it does that. However on the various other hand, it should not raise the long-term deficit in the years adhering to."

Hosts: Cenk Uygur, John Iadarola

Cast: Cenk Uygur, John Iadarola

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Young Turk (n), 1. Youthful progressive or insurgent member of an organization, activity, or political party. 2. A young person who rebels versus authority or social assumptions.( American Heritage Thesaurus).

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51 comments

  1. Posted by hizzouse kakashi, at Reply

    I don’t believe the collapse can be stopped, Late stage capitalism will topple the US. Greedy stupid MOFOs will be the end of us all.

    • Posted by Jirachiking, at Reply

      i honestly hope it all comes crashing down so there are revolts and stupid oligarchs die.

    • Posted by JoeyFiveandDimes, at Reply

      Capitalism is a  RACKET ! You are correct, this is ‘end-game’ descent where fascist Empire transitions from authoritarianism through modest bribery to totalitarian coercion.

  2. Posted by Mr1stcat, at Reply

    wow kudos to you trolls below me you guys are lightning fast to spew your mouth diarrhea

    • Posted by Mr1stcat, at Reply

      Vaness AntifaFan?

    • Posted by Mr1stcat, at Reply

      Vaness AntifaFan ?

    • Posted by 123gwf, at Reply

      Same old, same old.  You really need to mix up your insults.  Every night it is the same thing over and over again.  Try harder, son.

    • Posted by Mr1stcat, at Reply

      123gwf but i also gave you kudos 😢😢😢

    • Posted by Aaron Norell, at Reply

      123gag
      genetic defects and several, childhood, head injuries are responsible for your complete lack of intellect. I can’t tell what caused you pathetic, blind servility, though..

  3. Posted by Casa Station, at Reply

    When the stock market collapses – invest in the stock market.

  4. Posted by aldi404, at Reply

    Trump voters are too dumb to understand any of this

    • Posted by mako zero, at Reply

      i really hope you can afford your internet bill after the tax raise … welcome to reallity shitposter

    • Posted by JiveTurkeyify, at Reply

      Hey, be fair alright, Trump SUPPORTERS. Not all of the people who voted for him support him, they came to see the truth of him.

    • Posted by mako zero, at Reply

      damn right.

  5. Posted by Andrew Stewart, at Reply

    The Anti Christ is strong in the Trump base.

  6. Posted by 000clarkkent, at Reply

    Biggest robbery without a mask or a gun

    • Posted by Demarquez Ballenger, at Reply

      Not even close…

    • Posted by Kosh 963, at Reply

      well,  there’s plenty of masks…

  7. Posted by Cheryl Barr, at Reply

    the sad part about this is that the people who voted Trump in office are too stupid to realize how much this is going to affect them as well.

    • Posted by L vamp, at Reply

      How?

    • Posted by Greg Torrez, at Reply

      Gonna call people ‘to stupid’ at least learn how to spell ‘too’.

    • Posted by Cheryl Barr, at Reply

      Greg Torrez 🎃🎃

    • Posted by yarnpower, at Reply

      I blame the media. Major news stations should be shouting about this terrible tax bill everyday.

  8. Posted by jfsfrnd, at Reply

    Expect more crime and drug and alcohol addiction.

    • Posted by postmodern loser, at Reply

      *Expect more fun

    • Posted by Devonzell Pernell, at Reply

      jfsfrnd The stocks of the private prison industry will skyrocket in the near future.

    • Posted by Myrddin Oklovap, at Reply

      i’m already there. too depressing not to be on drugs

  9. Posted by Carley T, at Reply

    Our country is literally a south park episode.

  10. Posted by Michael Harris, at Reply

    2018 is coming VOTE

  11. Posted by cattigereyes1, at Reply

    Bill Adds 1.5 Trillion to the National Debt! No infrastructure repair! Loss of jobs! Loss of wages! All to increase the 1%! Just like Net Neutrality means increased prices! Censorship of websites and loss of competition! So anti American it’s treason!

    • Posted by W Parsons, at Reply

      cattigereyes1 .. Forgot about rising premiums in Healthcare.

    • Posted by Danny Puckett, at Reply

      Last I heard it was at 2.2 Trillion and Everytime they change it around it goes up more…we need to stop this madness

    • Posted by JiveTurkeyify, at Reply

      Odd thing is it’s the Politicians that would have to be charged with treason since they’re taking the money for not doing their jobs. The Corporations (people who run them) are simply being Capitalists, which is American.

  12. Posted by TheGreatMoonFrog, at Reply

    Everyone knows you create a strong country by getting rid of the middle class and creating a huge gulf between the rich elite and the extremely poor. It’s worked for the Dominican Republic, Brazil, the Congo, Bangladesh, North Korea and Somalia…no wait…wtf are you guys doing?

    • Posted by Aaron Humphreys, at Reply

      Most rightwingers will have to google those countries, as they don’t know a thing about them, let alone where they are located.

  13. Posted by J Noellea77, at Reply

    I would love to know the percentage of Trump voters that fall into the under 75k income range.

    • Posted by Peace Walker, at Reply

      J Noellea77 Probably all of them

    • Posted by Steven perdue, at Reply

      J Noellea77 guarantee at least 95% they are middle age trailer trash.

    • Posted by WoWFiend2005, at Reply

      Agreed. Just hopefully they become homeless soon; They won’t learn anything from it if they don’t.

    • Posted by JiveTurkeyify, at Reply

      Can’t be, he’s got rich supporters to, especially with this plan.

  14. Posted by mindelo23, at Reply

    Lmao hey trump supporters, hows the winning going? Just hand over your cash to the rich, you might also lose your healthcare, jobs aren’t coming back and there’s no wall. Lmao you got conned.

    • Posted by Steven perdue, at Reply

      mindelo23 they really think it’s all great and these are just lies from dems.

    • Posted by Steven perdue, at Reply

      mindelo23 that’s because they are just as dumb as their millionaire hero.

  15. Posted by The Diesel, at Reply

    Now lets see the jellyback Democrats inform the public about this because they have been quiet as church mouses.

    • Posted by PinkPonyOfPrey, at Reply

      RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA!

  16. Posted by Christopher O'Neil, at Reply

    The only kind of “Revolutions” corrupt governments understand are violent ones.

  17. Posted by Brad Griffin, at Reply

    Making his rich buddies great again.

  18. Posted by Basil Thomas, at Reply

    I’m too young to have this much anger in my heart, how do we stop this? Voting doesn’t seem to help, marching in the street only gets you killed by Nazis.. it’s like wtf is going on???

    • Posted by James Helton, at Reply

      I think assassinations should be back on the menu – politicians nowadays forget their place.

  19. Posted by Frankie Fischer, at Reply

    There should be mandatory qualifications needed to run for president. One having served a certain length of time in public office. It is job with the most power and influence and requires less qualification than you need to apply at McDonald’s.

    • Posted by Jo Pao, at Reply

      US republicans have qualification requirements: the size of the golden spoon