CNN to host Sanders, Cruz town hall debate on taxes

[alp227]

Source: CNN

Washington (CNN)Sens. Ted Cruz of Texas and Bernie Sanders of Vermont will participate in a CNN town hall debate October 18 to discuss President Donald Trump's push to overhaul the nation's tax code.

CNN's Jake Tapper, anchor and chief Washington correspondent, and Dana Bash, CNN's chief political correspondent, will moderate the debate, which takes place in Washington at 9 p.m. ET.

Cruz and Sanders will argue the best way to approach the issue, as well as take questions from voters, according to a release.

Trump has called for reducing the personal income tax brackets from seven to three, doubling the standard deduction for married and single filers, reducing the corporate tax rate and eliminating the estate tax.

Read more: http://www.cnn.com/2017/10/11/politics/bernie-sanders-ted-cruz-tax-reform-debate/index.html

[C Moon]

1. That'll be interesting. :O

[Not Ruth]

2. Bernie is going to destroy Cruz

[Saviolo]

3. Better him than me.

I can't imagine spending that much time that close to Ted Cruz. I have a physical revulsion hearing him speak or seeing him. It's like an uncanny valley reaction. He's like some sort of automaton that hasn't quite learned how to replicate an actual human smile.

[lapfog_1]

4. I'd love to pose this question

"As every 10th grader knows, lack of growth is governed by the lack of 1 or more fundamental inputs to an economy... capital, labor, and demand.

To achieve the stated goal of 3 percent or more GDP growth per year, which of those inputs is lacking right now?"

If the answer is capital, please explain how that is lacking currently (with interest rates near record lows and foreign capital looking for stable currencies like the dollar)?

IF the answer is labor, then please explain the concept of reducing both legal and illegal immigrants who can provide the labor needed to stimulate the economy?

If the answer is demand, explain how giving the very smallest number of people (likely numbering in the single digit thousands) the vast majority of tax relief stimulates growth? Do the rich run out and buy up all the light bulbs and mops and toilet paper at Walmart with their new found riches? Will they even buy new yachts and significantly more cars (enough that Detroit would even notice)?

Take your time with your answers (especially Mr. Cruz).

Supply side economics ONLY makes sense if there is a severe lack of capital and we have both demand and labor ready to produce. AND if there was no other way to inject capital. Voodoo indeed.

[questionseverything]

5. i think the standard deduction should be raised but

the repub tax plan also eliminates the personal deductions so a family with kids could be worse off

the death tax is the fairest tax of all....the heirs of those leaving ovr 5.5 mil have already had every benefit possible and the dead guy doesn't miss it

(exceptions could be made for family farms that stay farms ,but if the heirs sell off the land for any development then pay the tax)

[SeattlePop]

6. Run Ted It's A Trap

And you are stupid enough to fall for it.

[left-of-center2012]

7. Bernie speaks for me

So proud of him!

[SeattlePop]

8. Let Cruz Explain Why Giving Billionaires And Corporations Tax Cuts Helps Struggling Americans

'Ol Trickle down fantasy economics.

[tom_kelly]

9. Only question i have

is how Cruz will weasel out of this one. On the other hand, the style as of late is throw as many lies out there as you can and, unfortunately, some will stick. We seem to be screwed all around regardless of what takes place. Billionaires own the networks and they’re acting like, well, greedy billionaires. An Eisenhower tax structure would take care of a very large majority of this country’s problems. I’m depressed.

[Lil Missy]

10. Oh darn. I have to wash my hair and I'll miss it.

[JI7]

11. did anyone watch this? i didn't see any threads on it in GD

[burrowowl]

12. Yes, Bernie trounced him!

Cruz has no thinking just typical Repug sound bites!