things the Republican Congress did right with the December budget agreement

[Willie99]

they made many tax cuts and tax credits and tax deductions that were scheduled to expire permanent

for years businesses and individuals were always at the risk of significant tax hikes because tax benefits expired but were renewed at the last minute every December, this will not be necessary next December

which means they can negotiate for something new, as opposed to fighting to keep the status quo on the tax front


much like I used to say about W, he spent too much money, but at least he got half of the economic equation right

it's better than increasing taxes AND spending more

 

[Willie99]

what a cute name

PATH, Protecting American Taxpayers and Homeowners

although the speaker I've been listening to this week prefers PAATH, Protecting Americans Against Tax Hikes (trust me, the bill goes a long way in doing just that)

 

[Dave007inVegas]

they made many tax cuts and tax credits and tax deductions that were scheduled to expire permanent

for years businesses and individuals were always at the risk of significant tax hikes because tax benefits expired but were renewed at the last minute every December, this will not be necessary next December

which means they can negotiate for something new, as opposed to fighting to keep the status quo on the tax front


much like I used to say about W, he spent too much money, but at least he got half of the economic equation right

it's better than increasing taxes AND spending more

So what you’re saying is, a little bit of something is better than a hole lot of nothing?


I suppose that’s one way of looking at it.


To me it says they just solidified the status quo.

 

[Willie99]

well, you don't appreciate certain deductions as much as I do

happy clients, happy home

 

[Dave007inVegas]

well, you don't appreciate certain deductions as much as I do

happy clients, happy home

Sure I do. That’s why I haven’t paid any taxes for the last 2 years. Happy home indeed.

 

[ShotgunPete]

Did they do away with the Earned income tax credit? The one where some people only pay in 3k a year but get over 8k back after claiming their 4 kids?That needs to go and I thought the Republicans were going to do that, but with politics I'm sure a compromise was made.

 

[mountain]

well, you don't appreciate certain deductions as much as I do

happy clients, happy home

Not a flat tax fan I assume

 

[Willie99]

Did they do away with the Earned income tax credit? The one where some people only pay in 3k a year but get over 8k back after claiming their 4 kids?That needs to go and I thought the Republicans were going to do that, but with politics I'm sure a compromise was made.

no, the EITC was not impacted

they didn't increase taxes on anybody

 

[Willie99]

Not a flat tax fan I assume

that's a major overhaul, and would only survive until the next Congress and POTUS fucks with it again

 

[mountain]

that's a major overhaul, and would only survive until the next Congress and POTUS fucks with it again

Will never happen in my life time. In theory, I like it but the impact on the economy could be brutal.