Even Cornyn acknowledged the tax cuts are unpopular, so they have they are painting lipstick on a pig.

$1000 bonus, minus state and federal taxes, results in an amount between $450-$700...multiply $700 by 365 days and you're getting $1.91 per day!

You can't even buy a Happy Meal for $1.91...so describing it as crumbs is pretty accurate!!!

Billions in tax cuts, giving away $1M is 1/10th of 1%
While the corporations buy back their own stock, causing a spike in
stock prices, thus giving the elite stockholders Millions in ill gotten gains.

I thought I was rich when I was allowed $1000 for moving. When I received it, it was less than $600, which made me very unhappy. Even the full $1000 won't pay a month's rent or mortgage in most places, isn't enough for a new deposit, won't pay a semester's tuition except at the cheapest community colleges. Maybe it would pay a non-major repair on a car.

And the fact that companies felt like they needed to lay off hundreds of workers at the same time is worrisome.

Last edited Thu Feb 1, 2018, 01:55 PM - Edit history (1)

It's not $1000.

73 cents a week. Just under $40 a year. That was the increase I saw in my paychecks starting with the first one of 2018.

And I can no longer claim my student loan interest as a deduction, which negates the $40/yr.

And at the same time, my health insurance premiums went up 11% as a result of the mandate being repealed. That's just this benefits year - who knows how much more it'll increase in Mar '19.

And let's not even get into how much smaller my refund will be now that the deduction for state & local taxes is gone.

Last edited Thu Feb 1, 2018, 02:53 PM - Edit history (2)

State and Local taxes have been lumped in with Property Taxes.
You can claim up to $10,000 in any combination you'd like.

Unfortunately for me, my Southern California Property taxes are more
than $10,000, so I won't be able to claim any part over that, and since
the $10,000 have been used, I can't claim my state taxes of local taxes
as deductions.
Also, starting in 2019, I can no longer deduct spousal support, while the
X will no longer have to claim that as income. So I end up paying for taxes
on money I will never use.

I did hear yesterday, that everyone gets $24,000 deduction right off the top.
So, if you make $50,000/yr., your tax base start at $26,000.
I have not been able to verify this information, so don't take it as
etched-in-stone

That's the standard deduction for Married Filing Jointly
For singles it's $12,000
For Head of Household, I don't know what it is

Yes, that's quite an increase in the standard deduction from before, but it's been mostly offset by loss of the $4050 per-person per-dependent exemption.

On the other hand, for taxpayers with children, the child tax credit has been doubled, from $1,000 to $2,000. And for someone in say the 25% tax bracket, that extra $1,000 credit is equivalent to a $4,000 deduction. Well, now its the 22% tax bracket, not the 25% tax bracket.

For someone in the 15% tax bracket that $1,000 is the same as a 1,000/0.15 = $6,666 deduction. Well, its the 12% bracket now.

It is complex.

Every carnival huckster knows you have to get the suckers confused before you can bilk 'em.

us Californians are going to be more likely to squeeze Sacramento for tax cuts and/or support republicans if we can't write off state taxes. It's possibly an effective strategy; as long as I can write off my CA taxes, I have little incentive to NOT want lots of services from the state government, if I can't deduct what Sacramento takes me much less likely to approve a bond issue or any such thing. Brilliantly evil in a way.

was designed to penalize states that went blue that have large Property Taxes
CA., NY., ILL.,

The same thing as DWS said; "1000 doesn't mean much to anyone" or something to that effect.
its a stupid self-inflicted wound to say stupid shit like that.

Just imagine if you would earn an additional $50 per month! Livin' large!

You will be paying it back with interest while at the same time getting diminished and adulterated government services in the process.

to lift people out of poverty. Pelosi is right -- it is peanuts.

By that standard, a thousand bucks ain't much at all. Their hypocrisy knows know bounds.

I remember it coming up in a VP debate where Chris Wallace used Hannity's talking point that 250K was middle class. I think he even used the example of a firefighter and a teacher or college professor. Granted, depending on where you live, after many years of service that paring may make that much, but the figures are what is "middle class" is certainly a lot less than 200K.

On edit, I don't think comments like this from her helps our cause at all.


Peace

$1000 would be significant for me, but they're still hypocrites.

The other 1% have retired from screwing their constituents.

And DWS! One has to wonder what sorta Win-fall she's going to experience now that her owners (The Pay-Day Loan Shark meat grinders) have had any and all regulations discarded and buried. Will they send DWS a bonus too?

many 'Muricans will believe dense's lies because they have such limited information about and understanding of the impacts of the tax scam.

pukes count on this.

However, I hope they are in for a nasty surprise come November. Perhaps the public is finally wising up to the scam that is GOPee tax policy.

in other news: pence is still a fucking asshole. That is all.

not having her head jammed up her ass, then yes.

It will do nothing to solve income inequality and all it will do is help the rich get richer when they lay you off. It's a bait and switch technique, and the MAGAholes won't realize it until it happens to them.

But I won't get any tax breaks as I don't make enough to pay federal and state taxes in the first place.

A thousand dollar bonus is nothing when compared to what corporate leaders get. And 3 million is less than 1% of the population. If the top 1% is getting large bonuses and 1% of poor and middle class are getting small bonuses, what are the 98% getting?

The $1,000 bonuses at Home Depot and Wal Mart go only to full-timers with over 20 years with the company. The vast majority at those companies' workers won't qualify. At best, they will qualify for bonuses in the $100 range. And that's pre-tax, pre-deductions. Most will only see about $50 cash in pocket. So yes, this is crumbs in anyone's world.

And that is a 1-time payment, NOT a permanent raise, unlike the employers' PERMANENT 40% tax cut.

.

Its a stupid mistake, imo. It DOES make them look like elites.

has value.

Crumbs are an overstatement.

Just look at Comcast's numbers. Look at the ATT layoffs, etc etc etc.


And mike pence wouldn't put on a pair of socks for a $1000. Who does he think he is kidding.

what Jesus did with the money changers at the temple. He's the biggest hypocrite ever.

One year only.

It is crumbs.

$1,000 bonuses = 50c a hour or less than you worked for 1 year.

It's an insult. I want $100 a day bonuses.

Everyone got more money in their paychecks because the tax rate drops back to 10% January 1st, not because of the tax cuts unless you make $10,000 in a weak

When you hit $10,000 is when you will see a differ of 3%, tax is going down from 15% to 12%. If you do not make more then $38,000 that is all the tax break you will see

That's the way I understand it

Last edited Thu Feb 1, 2018, 07:14 PM - Edit history (1)

Especially Nancy Pelosi. The ads write themselves: a shot of Pelosi's house in an ultra affluent neighborhood while showing her "crumbs" statement. Oh so easy to paint her as an out of touch elite.

"How many hard-working Americans employed by Wal-Mart actually got a $1,000 bonus? Everyone? No. Half? No. 10%? No. Not even close. And if you got a pay raise to $11/hour, do you get a bonus? No, you don't. Read the fine print - especially when Republicans are involved."

Yes, Pence is almost as big a POS as the trumpster, but it was a good political move twisting her words to make Pelosi look like a limousine liberal.