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The New Coffee Room

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  3. SALT

SALT

Scheduled Pinned Locked Moved General Discussion
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  • MikM Away
    MikM Away
    Mik
    wrote on last edited by
    #20

    But I do believe the GOP will be campaigning all over this one.

    https://www.newsweek.com/congratulations-democrats-you-just-passed-massive-tax-cut-rich-opinion-1651262

    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

    jon-nycJ 1 Reply Last reply
    • MikM Mik

      But I do believe the GOP will be campaigning all over this one.

      https://www.newsweek.com/congratulations-democrats-you-just-passed-massive-tax-cut-rich-opinion-1651262

      jon-nycJ Offline
      jon-nycJ Offline
      jon-nyc
      wrote on last edited by
      #21

      @mik said in SALT:

      But I do believe the GOP will be campaigning all over this one.

      https://www.newsweek.com/congratulations-democrats-you-just-passed-massive-tax-cut-rich-opinion-1651262

      Congratulations indeed!!!!

      "You never know what worse luck your bad luck has saved you from."
      -Cormac McCarthy

      1 Reply Last reply
      • ImprovisoI Offline
        ImprovisoI Offline
        Improviso
        wrote on last edited by
        #22

        No surprise it passed the House.

        The Senate may be a different story.

        We have the freedom to choose our actions, but we do not get to choose our consequences.
        Yes, there are two paths you can go by, but in the long run, there's still time to change the road you're on.

        1 Reply Last reply
        • taiwan_girlT Offline
          taiwan_girlT Offline
          taiwan_girl
          wrote on last edited by
          #23

          https://www.axios.com/2024/09/18/trump-salt-tax-cuts-senate

          Trump's surprise post on SALT deductions Tuesday has forced Senate Republicans into a pickle: contradict their party's leader or their old positions.

          Why it matters: For Republican leaders, it's a taste of what's to come if Trump wins back the White House.
          They'll have to harmonize their own positions — in real time — with a president who is constantly changing his.
          Trump posted he would "get SALT back."

          That's a strong indication he wants to let those in high-tax states deduct more than $10,000 from their federal taxes — a limit he championed in his 2017 Tax Cuts and Jobs Act

          and

          The bottom line: Removing the $10,000 SALT cap would cost an estimated $1.2 trillion over a decade, according to the Committee for a Responsible Federal Government.
          An estimated 92% of the benefit would go to the top 10% of earners, according to CRFB.

          1 Reply Last reply
          • bachophileB Offline
            bachophileB Offline
            bachophile
            wrote on last edited by
            #24

            Just to show you how old I am, I thought this was about the nuclear arms race. (If you have to look that up, you are too young)

            1 Reply Last reply
            • W Offline
              W Offline
              Wim
              wrote on last edited by
              #25

              +1

              1 Reply Last reply
              • AxtremusA Away
                AxtremusA Away
                Axtremus
                wrote on last edited by
                #26

                1 Reply Last reply
                • George KG Offline
                  George KG Offline
                  George K
                  wrote on last edited by
                  #27

                  "Trump takes SALT away so he can promise to give it back later and the cult I mean crowd goes wild."

                  Sorta like a anti-IRS.

                  Meet the Press (in the 1980s): "So the IRS is going to lower the rates, but also eliminate a lot of deductions. What's to keep the IRS from raising the rates again?"

                  George Will: "Absolutely nothing."

                  If I had to guess, it was not The GOP's or Trump's idea to limit the SALT deduction. Probably part of a compromise.

                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                  1 Reply Last reply
                  • jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote on last edited by
                    #28

                    Trump campaign strategy: YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!!

                    "You never know what worse luck your bad luck has saved you from."
                    -Cormac McCarthy

                    JollyJ 1 Reply Last reply
                    • X Online
                      X Online
                      xenon
                      wrote on last edited by xenon
                      #29

                      It's so weird that this doesn't matter at all. No other politician but Trump can pull shit like this off... but it really doesn't make a diff.

                      This and him clearly being bought off on Tik Tok.... doesn't matter.

                      Politics has gone overtly into being about the "vibes".... I think it'll drive disengagement. I don't care much what happens in November this year.

                      1 Reply Last reply
                      • jon-nycJ jon-nyc

                        Trump campaign strategy: YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!!

                        JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #30

                        @jon-nyc said in SALT:

                        Trump campaign strategy: YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!!

                        Yeah, but Harris is giving away houses....

                        “Cry havoc and let slip the DOGE of war!”

                        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                        1 Reply Last reply
                        • X Online
                          X Online
                          xenon
                          wrote on last edited by
                          #31

                          The ironic part is hyper-partisanship means President are mostly legislatively neutered. So all this is hot air anyways.

                          1 Reply Last reply
                          • HoraceH Online
                            HoraceH Online
                            Horace
                            wrote on last edited by
                            #32

                            You can call a draw on all policy and still recognize a difference in stuff that is unequivocally under a president's control, such as appointments and messaging. In fact, if legislative policy is a draw, it makes it easier to come to a preference between the two candidates.

                            Education is extremely important.

                            jon-nycJ 1 Reply Last reply
                            • MikM Away
                              MikM Away
                              Mik
                              wrote on last edited by
                              #33

                              Very true.

                              “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                              1 Reply Last reply
                              • jon-nycJ Offline
                                jon-nycJ Offline
                                jon-nyc
                                wrote on last edited by
                                #34

                                Except the shitty parts of Trump policy (capitulation to Russia, tariffs) he can do on his own and the shitty parts of her policies (taxes, price controls) she can’t.

                                "You never know what worse luck your bad luck has saved you from."
                                -Cormac McCarthy

                                1 Reply Last reply
                                • HoraceH Horace

                                  You can call a draw on all policy and still recognize a difference in stuff that is unequivocally under a president's control, such as appointments and messaging. In fact, if legislative policy is a draw, it makes it easier to come to a preference between the two candidates.

                                  jon-nycJ Offline
                                  jon-nycJ Offline
                                  jon-nyc
                                  wrote on last edited by jon-nyc
                                  #35

                                  @Horace said in SALT:

                                  You can call a draw on all policy and still recognize a difference in stuff that is unequivocally under a president's control, such as appointments ….

                                  “Trump’s economics suck and all, but at least we’ll get RFK Jr setting health policy”.

                                  "You never know what worse luck your bad luck has saved you from."
                                  -Cormac McCarthy

                                  HoraceH 1 Reply Last reply
                                  • jon-nycJ jon-nyc

                                    @Horace said in SALT:

                                    You can call a draw on all policy and still recognize a difference in stuff that is unequivocally under a president's control, such as appointments ….

                                    “Trump’s economics suck and all, but at least we’ll get RFK Jr setting health policy”.

                                    HoraceH Online
                                    HoraceH Online
                                    Horace
                                    wrote on last edited by
                                    #36

                                    @jon-nyc said in SALT:

                                    @Horace said in SALT:

                                    You can call a draw on all policy and still recognize a difference in stuff that is unequivocally under a president's control, such as appointments ….

                                    “Trump’s economics suck and all, but at least we’ll get RFK Jr setting health policy”.

                                    For a person so adamant that people not put words in his mouth, you sure do play fast and loose with this sort of stuff. But sure, let the public decide a preference between Fauci and RFK Jr. I don't think that preference is nearly as obviously a litmus test for crazy vs smart as your twitter feed would indicate.

                                    Education is extremely important.

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