Fox News posts article about Trump tax cuts rewarding 1%ers while boning middle class.

[Miles Archer]

It showed up a few minutes ago on Facebook.

http://www.foxnews.com/politics/2016/11/27/analysis-for-some-in-middle-class-trump-plan-would-mean-tax-increase.html

The article is a back-and-forth "yes you will, no we won't" clusterfuck in which financial experts lay out the numbers and Trump's team denies them.

Trump's numbers are far less brutal than what Ryan is proposing,,,with Ryan, the 1%ers get 47% of the money on day one and 96% of it in a decade, and he intends to gut Medicaid and Social Security to pay for it.

But the reason for this post is to share the fact that Fox News actually posted an article with the title "Analysis: For some in middle class, Trump plan would mean tax increase."

[JHan]

1. This is true..

Particularly single parent households. ...

Let's make America Ache some more!!

[WhiteTara]

2. So basically, women will pay more?

Since most single parent households are headed by women, it seems that this might be another effort to harm women and children.

[Megahurtz]

8. It sure looks that way.

[WhiteTara]

10. Repukes only want to protect the unborn

and to hell with the born and their care givers.

[Thav]

17. Pretty much. Want to stop abortion?

Create a world where abortion is unnecessary.

[Grins]

22. The only reason they give a shit about the "unborn" is to get tax cuts!

The only reason they give a shit about the "unborn" is to get the evangelical fetus-fondling God-botherers in the so-called "pro-life" movement on their side so they can get tax cuts! That's the only thing they really care about.

Saint Reagan said he was pro-life. Did he ever lift a finger to make that happen? Nope. But he got his tax cuts.

The Reich has convinced the bigots and imbeciles to commit economic and social suicide for the greater glory of tax cuts.

[WhiteTara]

24. and punishment of those they feel unworthy. nt

[YoungDemCA]

28. They give a shit about the "unborn" in the sense that they hate women

Specifically women who exercise their reproductive rights and sexual agency. Or even women who are in dire and desperate circumstances. Which is true of many single mothers and women who get abortions.

Clearly the best and only way to help poor people is by taking away their basic needs.

[NewJeffCT]

12. of course

In their crazy logic, they think it will inspire women to find husbands so they can lower their tax rates.

[YoungDemCA]

27. Nah, they just want to punish the sluts who didn't wait to get married to a Decent Christian Man

Because clearly that would solve every woman's issues.

[Lotusflower70]

29. Lol

Actually that is a lot of women's issues. The women I know that married so-called Christian men, we're happier when they got divorced. Of course the Republican men claim to be so-called Christians and that is definitely not a ringing endorsement.

[Miles Archer]

14. These are the people who will be the most damaged (same URL as in my OP)

Most married couples with three or more children would also pay higher taxes, an analysis by the nonpartisan Tax Policy Center found. And while middle-class families as a whole would receive tax cuts of about 2 percent, they'd be dwarfed by the windfalls averaging 13.5 percent for America's richest 1 percent.

Right now, a single parent with $75,000 in income and two children can claim a head of household deduction of $9,300, plus three personal exemptions. Those steps would reduce the household's taxable income by $21,450, to $53,550.

Trump's plan would more than double the standard deduction to $15,000. But that change would be outweighed by his elimination of personal exemptions and head-of-household status. So the family's taxable income would be $60,000, and their tax bill would be $2,440 more than it is now.

A married couple with four children and income of $50,000 would absorb a tax increase of $1,090 because of their loss of personal exemptions.

[WhiteTara]

15. useless eaters don't deserve

compassion. Be dead, all of you!

[patricia92243]

3. Fox loyalty is to the Republican party not necessiarly Trump. If the party

decides to ditch him, Fox will be right there. In fact, makes me wonder if they are already laying the groundwork.

[Grey Lemercier]

4. Trump's plan to eliminate the personal exemption and the head-of-household filing status.

Last edited Sun Nov 27, 2016, 05:10 PM - Edit history (1)

People are going to go bonkers if this passes, including many of the trumpster nazis.

What a clusterfuck.

[Thav]

18. They'll see it as a great thing...

until they realize it screws them over and not just those they see as "unworthy's" Then they'll blame the democrats for the problems, because the almighty R can't do anything wrong.

[Grey Lemercier]

21. when they fill out their taxes and see an explosion in the bill (% wise), how could they possibly

see that as a good thing? Even the most dull and ignorant ones exist at a semi-conscious level where they will instantly be shocked that they owe more money, or get a far smaller return.

Also, how could they blame us (Dems), as it is the REPUBLICANS who will have increased their taxes by taking away exemptions. Perhaps I am being naive, but I cannot possibly relate to anyone that truly stupid.

[LenaBaby61]

30. People are going to go bonkers if this passes, including many if the trumpster nazis.

Their president will blame Pres. Obama for all of HIS failures. He'll say the reason their taxes are going up go up, or because their health insurance is rap is because of the horrible economy the President left him and he had no choice but to raise THEIR taxes (A lie of course--Obama cleaned up Dubya's Depression Era mess of an economy). They'll agree, and well (Guess the tRump Nazis were too busy protecting those guns Pres. Obama never took away form them and yelling "Lock her up" and "trump that b***h" or "whatever" to notice.&quot .

Yep, the truly uneducated, deplorables, old people, Rust Belters, women etc. who voted for this lying, racist, sexually assaulting jack ass will suffer, as will the REST of us who saw right through his lies/crap.

[Grey Lemercier]

32. even more frightful, Trump and the xian nazis will claim all the tax increases are only because

of "welfare" (I fucking HATE that word) to PoC, irresponsible women, LGBTQ's and immigrants (both legal and undocumented).

Fox and all the RW websites will jackhammer that message home, and then even more hate and violence and further entrenchment of the White and Right voter bloc will ensue.

[louis-t]

5. It's like the repugs don't mind increasing national debt

as long as they can hurt people in the process.

[sarcasmo]

9. Raise the debt and then default on the loans Trumps plan.

[NewJeffCT]

13. The debt and deficits are only problems

if the president has a (D) after their name.

[Wounded Bear]

19. This

Historically true, and since Trump has publicly boasted of being the "king of debt" I expect nothing less than increasing deficits for his entire term. With a bit of work, I'm sure the Repubs can add another $10T to the nat debt in 4 years.

If the economy doesn't tank in 4 years, it won't be from lack of Repub effort.

[NewJeffCT]

26. What I am afraid of is what happened with Reagan

Under Reagan, the rich got much richer and it bought him a ton of good publicity, but the deficit skyrocketed, the poor and the middle class were hurt and we got Antonin Scalia on the Court, and William Rehnquist as Chief Justice. However, the economy also had a big stimulus because Reagan greatly increased the defense budget and the short term effect was an economic boost that gave Reagan an easy re-election.

Trump is taking a page out of that book - increased defense spending and increased infrastructure spending will be good for the economy. However, tax breaks for the rich, repealing Obamacare (hurts the poor & middleclass), privatizing Medicare, etc will hurt the poor and middle class and the deficits will skyrocket.

But, nobody really cares about the deficits or the debt, except a few hundred Republicans in Congress when there is a Democrat in the White House.

[Wellstone ruled]

6. This is what will happen when

people stop paying attention to what is really happening. But,what the heck,Dancing with the Stars or some other Reality TV POS is more important than ones Family.

You could see this coming by the Slugs that surrounded Trump during the Campaign. But,what the heck,MSM told the people,the Guy was this terrific Change Agent. And many bought into it because they were to lazy to check the facts.

You just can not make this crap up. All those might is right Seniors and Union folks who voted for Thin Skin Donnie will get their wake up call on April 15 2018,and it is not going to be pretty.

[Statistical]

11. They will still find a way to blame it on Obama (at least most of them).

Last edited Sun Nov 27, 2016, 05:24 PM - Edit history (1)

The only good news is it won't take many to defect to defeat Drumpf.

[Wellstone ruled]

31. Just call it what it is,

Ignorance. The Human Mankind Tribe has always looked for a ScapGoat. Waiting for the miss informed Propaganda Machine to coin the phrase,Clinton Effect,this has a more impact on future Democratic Party Nominees. The next seven weeks will be devoted to the total destruction of what is known as the Obama Legacy.

[world wide wally]

7. Gee, who'd o' thunk?

My theory is that Trump will do whatever Ryan and McConnell tell him to do since he has no clue of his own. Then in return, Trump gets to use the office to conduct whatever business he wants.
In the meantime, it's just FTP (fuck the people)

[Ligyron]

16. That's been my operating theory.

[Yo_Mama_Been_Loggin]

20. And those in middle America will bend over and say

"Thank you may I have another"

[progree]

23. Hmm, it matches word for word this AP article

at least the first 4 paragraphs and the last one -- that's all I checked. So why doesn't Fox credit the AP?

https://www.yahoo.com/news/middle-class-trump-plan-mean-tax-increase-153628510--finance.html

The above link also has a graphic a short way down the page, showing the gain in after-tax income of the top 0.1%, top 1%, and all 5 quintiles, i.e.

[font face = courier new]
14.2% Top 0.1%
13.5% Top 1%
6.6% Top fifth
2.2% 2nd fifth
1.8% middle fifth
1.2% 4th fifth
0.8% lowest fifth[/font]

Although the graphic includes a bar chart which is much more dramatic.

Yet all independent analyses show most of the benefit flowing to the wealthiest Americans. Nearly half of Trump's tax cuts would go to the top 1 percent of earners, the Tax Policy Center found. Less than a quarter of the cuts would benefit the bottom 80 percent.

For middle-income earners as a whole, the Trump proposals would cut taxes, even taking into account the increases on single-parent families. Those earning nearly $50,000 to about $83,000 — the middle one-fifth — would receive an average cut of $1,010, according to the Tax Policy Center. That would lift their after-tax incomes 1.8 percent.

By contrast, the wealthiest 1 percent — those earning over $700,000 — would enjoy a tax cut averaging nearly $215,000, boosting their after-tax incomes 13.5 percent. And the richest 0.1 percent — those making above $3.7 million — would receive a bonanza: An average tax cut exceeding $1 million.

[YoungDemCA]

25. The representative of "the forgotten men and women of this country", folks