Thank you for being a valued part of the CNET community. As of December 1, 2020, the forums are in read-only format. In early 2021, CNET Forums will no longer be available. We are grateful for the participation and advice you have provided to one another over the years.

Thanks,

CNET Support

General discussion

WWhhhatttt?

Sep 13, 2017 1:31PM PDT
With Irma and Harvey devastation, Tax Cuts and Tax Reform is needed more than ever before.

An "unexpected expense"...(2 hurricanes) the country is already not operating at a profit....AND a "tax cut/reduced income" is "needed".

IF you ran YOUR household like TheRUMP wants to run the country?

Filing for bankruptcy?

Discussion is locked

- Collapse -
RE:never waste any opportunity to bash the president?
Sep 14, 2017 3:02AM PDT

Just talking about HIS linkage of disasters and taxes.

Read HIS tweets...

- Collapse -
Forget Texas and Florida
Sep 13, 2017 8:27PM PDT

That's a distraction.
Trump and the repubs are desperate to pass something to show they can govern.
Let's see the details of this tax reform bill.

I suspect it will be 'trickle down' which won't fly very well with the dems.
Another episode of the Washington comedy show......stay tuned.

- Collapse -
Reagan's "Trickle Down" Rescued America Financially
Sep 14, 2017 12:52PM PDT

I lived in the Carter years, worked in those years, and before "trickle down" from Reagan, the country just kept going deeper in a financial hole and interest rates, including mortgage rates just kept going up, and that's not including the Arab Oil Embargo. Thank Reagan for "Trickle Down Economics" saving America.

- Collapse -
Perhaps
Sep 14, 2017 2:23PM PDT

Now let's wait and see what the new tax plan is.
Not sure how giving people with more money than they can spend more money advances the economy.

- Collapse -
At least he has stopped the
Sep 14, 2017 3:46PM PDT

$83BILLION PER MONTH that BO was dumping into Wall Street for 8 YEARS (causing the National Debt to keep climbing) to give appearances that everything was going good economically........all while GIVING PEOPLE WITH MORE MONEY THAN THEY CAN SPEND EVEN MORE MONEY because they were the only ones with the money on hand to INVEST in Wall Street while Joe Plumber with a retirement plan portfolio lost their shirts.

- Collapse -
RE:At least he has stopped the
Sep 14, 2017 5:54PM PDT

BO inherited an economy going down hill fast.
It was decided to go the low interest, easy money route to pump dollars into the economy.
This was great for people who already had money but it killed Joe Saver.
I kind of got a smell of this at the start and dumped short term and bought long term before prices went nut-so.
Now the economy is picking up and the fed is talking about pulling that easy money back.
We will see how this plays out.

What would you have done if you were BO?

- Collapse -
The 'inherited' economy
Sep 15, 2017 2:28AM PDT

began with the housing decisions made by Clinton during HIS terms and continued by the lies coming out of the Housing and Financial heads (all DEMS) during GWB that continued to tell everyone that all was well and solvent.

IF I were BO, I would have listened to the REAL financial experts who were all screaming to let the chips fall where they normally would....allow the banks and auto industry to fail and recover under natural conditions. It would have recovered much faster via breakups instead of government forced mergers (with fines and punishment benefitting said government) and bankruptcies (which happened anyhow AFTER the bailouts).....and I sure as HELL wouldn't have issued massive 'stimulus' payments to shaky green jobs that never succeeded with the taxpayer being on the losing end of that pipeline. And I never would have authorized that $85B per MONTH to be dumped into Wall Street to give a false narrative that the economy was recovering all while drastically increasing the National Debt....after BO repeatedly called GWB un-American for increasing it by $3T when he increased it over double that with his irrational spending. Now that that money is no longer being dumped, a recession is sure to be close behind, and who will the liberals blame for it? Of course..........

- Collapse -
RE:all while GIVING PEOPLE WITH MORE MONEY
Sep 15, 2017 3:30AM PDT
all while GIVING PEOPLE WITH MORE MONEY THAN THEY CAN SPEND EVEN MORE MONEY

He could have given them(the super rich) a "tax cut"....but then you would have wasted your vote, when you voted for "change".

In promoting his plan to overhaul of the nation’s tax system, President Donald Trump claimed “the rich will not be gaining at all with this plan.” But the tax proposal his administration outlined in April would heavily benefit high-income taxpayers,

Of course things may change, but the Trump administration released a one-page outline in April that included these major tax changes:

Abolish the estate tax, which now falls only on those with assets worth more than $5.49 million (double that for couples).

Cut the corporate tax from 35 percent to 15 percent. As we have written before, the nonpartisan Congressional Budget Office estimates that 75 percent of the corporate tax burden falls on investors.

Abolish the alternative minimum tax, which is designed to ensure that the most wealthy taxpayers pay a minimum tax.

“Forty percent of the benefits would go to the top 1 percent,” Gleckman wrote.
- Collapse -
The CBO has gotten their numbers wrong
Sep 15, 2017 1:06PM PDT

a good many times.....not many people put stock in it anymore except liberals to use as a weapon when the Reps are in charge and they literally fudged the numbers given to the CBO when Obamacare was up for a vote so their numbers would come in where the Dems wanted them to be (that was proven, btw). That's another department that can go away and nobody would miss it and billions would be saved just by eliminating it.

- Collapse -
I agree with you on that one
Sep 14, 2017 5:00PM PDT

But that's what started in the Obama administration and the Federal Reserve's "easy money" policy and all that money flowed to corporation who then used it to do stock buy backs. If the stock market crashes again, all that disappears, but the debt will remain on those corporations, and they'd start by selling back stock at lower prices than they paid for it.

- Collapse -
RE:Reagan's "Trickle Down" Rescued America Financially
Sep 14, 2017 8:32PM PDT
- Collapse -
DEFICITS fluctuate...........
Sep 15, 2017 2:30AM PDT

the NATIONAL DEBT doesn't....it only keeps getting larger......even Clinton had a large ND number.....and his four surplus years of Deficit numbers was thanks to REPUBLICANS, JP....but do they get credit for it from people like you?

- Collapse -
RE:the NATIONAL DEBT doesn't....it only keeps getting larger
Sep 15, 2017 6:09AM PDT

Does that mean the country should continue to spend more than they take in AND increase it yearly?

so there is absolutely NO point in trying to get out of debt?

Resistance is futile?

Who would believe anyone that runs on a "change" platform?

and his four surplus years of Deficit numbers was thanks to REPUBLICANS, JP....but do they get credit for it from people like you?

FINALLY you say something good about Clinton...THEN you spoil it by giving the Reps ALL THE CREDIT.

I don't have to give credit to anyone ...you'll take it whether deserved or not.

- Collapse -
Where was all this concern....
Sep 15, 2017 12:50PM PDT

....about the national debt when Obama was blowing it up, even doubled it during his administration? Did you see any real economic improvements from it? No. In fact the stock market was getting ready to take a dive, but perked up right after Trump was elected, even before Trump took office. The debt is still there, someday it has to get reduced or paid off. Andrew Jackson paid the debt off during his administration and soon as he had a surplus, all the greedy special interest began deviling him to spend it on them, and some of the nastiest press, not seen till today's politics when those groups failed to get the US money from him.

Oh, know who really owns the Federal Reserve? The Rothschild banking system. Can you say "Weimar Republic"? Our forefathers warned us against national banks and also against using European bankers, like The Rothschilds.

- Collapse -
RE:Where was all this concern....
Sep 15, 2017 1:19PM PDT
Where was all this concern........about the national debt when Obama was blowing it up, even doubled it during his administration?

Where was the concern?

The same place the "concern" is from the Republicans NOW.....


A vote for "change" is a "wasted vote"?

THEY complained about Obama, TheRUMP does the same thing....HEY....Obama did it...why can't TheRUMP?

TheRUMP won't take the "blame" because HIS fiscal year hasn't started yet.....BUT he'll take the "credit" for the stock market?

In fact the stock market was getting ready to take a dive,but perked up right after Trump was elected,

"getting ready to"?

You must be VERY rich?...KNOWING with absolute certainty what the stock market WILL do.
- Collapse -
The only good thing Clinton did
Sep 15, 2017 1:16PM PDT

was to LISTEN to the Republican Congress and actually COMPROMISE with them....that's how we got a balanced budget, a real Welfare Reform bill, and major cuts in other social programs......which actually put over 2M people back to work and paying taxes.