The new tax overhaul is a major legislative achievement for Republicans. With corporate rates slashed and lower taxes for individuals, the GOP effectively removed economic handcuffs and we may well witness 4% GDP growth.  

Tax cuts, O'BarerlyCares mandate now TOAST, and ANWR open for drilling!!!!! Be still my beating heart!
What a MAGA Christmas! #DrillBabyDrill

Who knew it could be THIS great so fast?!?!?!?!?!?!?!?
http://www.cnbc.com/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html

So most people are not buying this scam or AT&T CEO words either.

-- Modified on 12/20/2017 5:16:15 PM

Not much time available for gloating!

Who is also a personal friend. He estimated I would get a $4200 cut in my taxes! I was blown away. So happy to see the government do something for the people for a change. Charity will get some of the money as I believe in giving back. Just a nice feeling going into the holidays. Merry Christmas to all here!

"maybe it's good, maybe it's bad, only time will tell."  A ton of hoopla on both sides of the aisle.  Difficult to separate fact from fiction.

I am against this tax cut, as I feel it unfairly benefits the rich over the poor. But there is a silver lining if enough people like yourself put their fellow man ahead of their greed and help those that are truly needy.

Who could have ever predicted all this? Great news for these workers and the middle class! Maybe just the tip of the ice berg? AMAZING.....................................................
http://www.cnbc.com/2017/12/20/fifth-third-bancorp-unveils-bonuses-minimum-wage-hike-after-tax-bill-passage.html

but nobody thought GDP would hit 3% two quarters in a row and the stock market would break records under Trump. That's a FACT.

just a thought but In my opinion it is not a good thing to have a personal friend to know all your fiances because you never know  however remote the chance is one day he may not be a friend....

Based on what we now know, a family of 4 will get an extra $25 to $30 bucks a week.  WOW.  That won't pay for their trip to Mac D.  

Baby Seal hunting for Americans too .  

Please explain. Your post are erratic and don't make sense. I don't know any liberals on this board that has ever supported your post. Feel free to prove me wrong.

are reacting in a very positive way to the tax cuts.

The rich just got a lot richer while the rest of us just got it driven deeper into our ass..

America is back.

I'm all for debt reduction and balancing the books. Debt aside, this is real change that triggers Americans. It hasn't happened for 31 years!!!! I was six years old the last time it happened to but it in prospective.

The vast majority of folks with something like 150 k or less of income come out slightly ahead, those above 500 k also do very well, those in the middle carry most of the burden.

I can't, and I also can't explain how the first $29 T of debt (by 2026) would be paid for either.  This tax bill may have faults, but "ballooning the deficit" is not one of them.  Personally I would not have cut the upper brackets, and also got rid of the carry interest provision.  I wonder if the D's would have supported that?  But, someone has to have the guts to change the entitlements (means test, perhaps increase max on payroll tax, delay eligibility age, or whatever), but I guess that will never happen.

I don't think the government should be taxing individuals and corporations at the rates they currently are. Shoot me!

It really is a great day for the USA!

Church.

So let's see if the hourly wage worker gets that one dollar increase, you know the "trickle" down encomics that this is what suppose to happen. Forget the extra 5-8 bucks that they'll see just on the tax cut...Will the employer share this windfall with it's employees, hell no.
When this group see that they're the forgotten one, then this new Tax bill may be a thing of the past.
If the hourly worker gets wind that this bill sucks and they decide to vote, guess who loses, the republicans.

Did you even bother to read the thread hyper? THEY ALREADY HAVE.

Those really wealthy people in high SALT tax situations pay more Federal tax under this bill.  Is that not what the D's want - tax the filthy rich?

Democrats.

OK, ATT&T and maybe CVS may give out the bonuses. but do you really think the hourly Joe Blow will get a pay raise?
And these are the hourly guys that swing Dem. He can kiss that $1.00 raise out the door, it ain't happening...Would you give all or some of your tax windfall to your employees? My guess it that you wouldn't.
"Not a single company has said it will raise wages, although AT&T announced a one-time special bonus for workers after Trump signs the bill.". This I tend to believe...I live through this back during the Bush plan,  so we seen this before.
"Stampede"....yeah right. Wake up DUMPHY

Wells Fargo and Fifth Third Bancorp said yesterday they will raise ALL there minimum wage earners to $15. They ARE the Joe Blows of the world, hyper.  In ADDITION to that, they would get a tax CUT.

I am sorry lefties, but the evidence is overwhelming.

The question is how much and for how long and at what cost for the economy?  Built into the bill is a sundown provision for individual tax cuts which go away in 2025.  The corporate cuts stay in place.  There is hope that by then, the economy will be booming and nobody will care or even notice their taxes went up.  

One out of seven companies strikes me as quite a large number in such a short time span. Do you know how many have said they won't re-invest or increase wages Laffy?  
Having that number as a comparison would allow me to better assess the effectiveness of this new law. It does appear that charities will be a prime benefactor so that is certainly a good thing.  
Please stop placing me in a position of defending anything Trump. If you will excuse me, I need to take a shower now. he he!

Having done this, the Reps will in 2018 suddenly discover they've blown a huge hole in the deficit.  They will shriek that something must be done, while ignoring that THEY are the ones who have been causing deficit spending since Reagan's tax cuts first began the bleeding.  But they'll blame the Dems and say, 'We need to cut entitlements!  THAT'S the problem!" They'll use it as an excuse to go after Social Security and Medicare, which are not even really entitlements at all.
Just you wait.

So what's going to happen to our way of life?  

You are right, they are not entitlements, they are basically Ponzi schemes.  And they will go broke (or even more broke depending how you slice up government revenues and expenditures).  Life expectancy is way up from 1932 and no doubt will continue to grow as more advances in healthcare take place.  Delaying and changing eligibility seems to make sense to me.  But perhaps you want to make Bernie happy and evolve into a country where the (fewer and fewer) rich take care of the (more and more) poor.  What is your solution?

by both Democrats and Republicans.
But the solution is simple.  Raise the amount of income subject to tax.  Or means test recipients so that people making more than a million a year don't get benefits.  Or both.

I don't agree on the not going broke statement, but I would first like to see more growth in the retirement age, then the means test (which presumably means if you earned X then no social security  the trick would be how to determine what X is), and lastly growth in the wages subject to social security tax.  Remember the last one is more tax on the middle class which most people seem to think will be the end of civilization as we know it.  I am a little surprised you would be for that.

Before the Tax bill. Now I'd be impressed if the pizza boy at that chain pizza company or Home Depot gave out raises.
So, it's still false gold...In the long run it still sucks.

Gambler has foregone profit for years!  He doesn’t remotely understand OPM, as Trump calls it - Other Peoples’ Money.  With interest rates near zero for years he coulda taken out a very low interest loan, bought his equipment, hired someone and made a profit.  OK, he woulda paid slightly more tax, but, he woulda earned profit.
So, Gambler, I usually $charge $1,000 per hour for my business consulting, but I’ll reduce my rate to you to $750 per hours because I’ll clearly make it up in volumn w/you due to your total lack of understanding of how business works!  I have a lotta work to do for you!

for all those paper mache "projects."  So many elementary schools will now be much better off!  Yay tax plan!

I think you are greatly over simplifying things.  The small producer oil business has not been good since oil started crashing in 2014, and the ability of a small producer to get a low interest loan in that environment is questionable.
I totally agree with this statement "Companies invest where/when they see a profit" and for the last 3 years that has been a challenge in oil production business as big and small producers have had to cut back on their investments significantly due to over supply and weak price.  BUT, in this new era of less regulation and lower taxes and improving economic growth (which are inter related no doubt) companies will look to invest - the very point of GAGs post.  Among other things, world wide oil demand growth will pick up with improving economics.   And immediate depreciation greatly improves investment returns and cash flow, which also makes it that much easier to get a loan.  But I am sure the view from the cheap seats into his business is very clear.......

We are not talking a 3% discount here, with the new tax law I am looking at about a 30% discount on the after tax cost of any equipment I buy next year up to a maximum of $5MM, that coupled with the other benefits of the new tax bill is going to increase my cap ex next year significantly. Well that, and the firming up of oil prices too of course.

The hypocisy of Trump and his party is typical.
This tax scam bill will really hurt the GOP cult next year.

I know nuthin about oil biz - although, I DO buy gas for my car!
I guess virtually all the economists are wrong when they say this fucking tax plan will stimulate GDP ~.2% for a year or two, and then, GDP will go right back down.

Yeah, you’ll get to write off your equipment in one year instead of over time - but, the rest of the Story is that you won’t have ANY depreciation for years two and beyond.  All you’re doing is changing the timing.
Yeah, Trump has enabled tax “games” with pass-through etc.  That’s a good-thing.....unless you care about the deficit
And, Gambler, try and understand the Bigger-Point vs. being narcissistic - like Trump - and try and think about not just yourself!   Corporations are sitting on $trillions in profits, despite this terrible economy - go-figure.  Corporations can borrow at near zero interest rates and banks are more-than-willing to lend the $money.
Again, I wonder why virtually all economists say that this tax plan won’t stimulate the economy.  I guess they could ALL BE WRONG!
“Trickle-Fucking-Down” has never worked, NOT EVER!  Fucking Repubs wanna talk about Fucking R.Reagan who cut taxes.  Then he raised taxes.....15 times.  He noticed that when taxes are cut, tax revenue decreases - imagine-that!
Dub-Ya cut taxes, didn’t improve the economy.  Witness Kansa and California recently.  Kansa cut taxes and the economy didn’t improve....at all.  They were finally forced to raise taxes despite their brilliant governor’s objection.  CA had a large deficit, so they raised taxes.  Fucking Repubs said “companies, people will leave the state and the economy will crash.  Didn’t happen!  I fact, just the opposite: economy is booming and they hava surplus.

Hair oil.

Don't worry...you'll see an increase in your welfare check......and maybe a buck or two more in food stamps.

I wonder if you are getting paid to spread fake news and propaganda .1.The economy was revived in 2008 not now.2.Stock markets can crash any time for any reason as in  (1929) ,do you know anything about economics or economic history.Remember that Republican greed almost crash it culminating in 2007 or do you suffer from dementia and denial.
3.Illegal immigration started to decrease long before Trump.It started several year ago when companies like GE,Westinghouse ,Hershey chocolate ,among many others start moving to countries like Mexico in lieu of cheap labor.
4.The so called  tax cut ( that gonna grossly benefit wealthy corporation) will be paid for by an increase in the national debt.with the promise that benefits will trickle down to the lower income people. Personally.... I say fuck trickle down politics .Am not waiting for Republican crumbs to trickle down to be me.

I think I remember a post from several years ago.

You mean the opportunity before YOU.If you are a lazy ass parent with kids sitting at home and not paying no taxes but stand to  get a double child credit ,then I can see the opportunity before you.
Or if you fall in the wealthy category (like your idol) you will be able to transfer your wealth to other family members with gross reduction in taxes.
But if you fall in the so call middle class ,the the crumbs that will trickle down to you gonna start going south in about two years,and is gonna end up costing you  more ,thus outweighing any so called benefits.

believe in math and science.