Bush's Amazing Tax Plan: Hey Middle Class, Bite Me!

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Not like this is surprising, except in its utterly brazen fuck-you to everybody who doesn't have the good sense to be rich:

Instead the administration plans to push major amendments that would shield interest, dividends and capitals gains from taxation, expand tax breaks for business investment and take other steps intended to simplify the system and encourage economic growth, according to several people who are advising the White House or are familiar with the deliberations.

The changes are meant to be revenue-neutral. To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said.

Jesus.

gypsy mothra (gypsy mothra), Thursday, 18 November 2004 16:50 (twenty-one years ago)

I mean, they're not even pretending to pretend anymore. This is all-out class assault. How many people make enough from interest, dividends and capital gains to offset losing the deduction for local and state taxes? Not very fucking many. Not me, for damn sure.

And eliminating the deduction for employers that give health insurance? I mean, Christ, not only are they opposed to any government-provided health care (unless they can spin it into a big corporate handout, like the "prescription drug benefit" scam), now they're attacking private-sector health care? It's like they just don't want anyone to have health care at all.

What shameless sons of bitches.

gypsy mothra (gypsy mothra), Thursday, 18 November 2004 16:55 (twenty-one years ago)

You got it!

Ned Raggett (Ned), Thursday, 18 November 2004 17:15 (twenty-one years ago)

Man, I've got to get rich.

Nemo (JND), Thursday, 18 November 2004 17:16 (twenty-one years ago)

Jesus told them to do it.

Ed (dali), Thursday, 18 November 2004 17:40 (twenty-one years ago)

Well, with the end of welfare-capitalism, perhaps we can ultimately someday get government sponsored healthcare, post-PutinBush. Y'know...along with our Hoovervilles. Of course, by then we'll be impossibly in default as a nation and all of our public wealth will have been diverted into the pocketses of Putin's Bush's croneys.

Hunter (Hunter), Thursday, 18 November 2004 17:44 (twenty-one years ago)


oops

Hunter (Hunter), Thursday, 18 November 2004 17:44 (twenty-one years ago)

Oh, suck it up, losers. You just haven't worked hard enough to become rich and it's all your fault. It's completely feasible for every person in this country to be a millionaire if they want to. That whole "zero sum game" take on capitalism is a bunch of crap. [/troll]

Baked Bean Teeth (Baked Bean Teeth), Thursday, 18 November 2004 17:49 (twenty-one years ago)

The Democrats need to get on the stick with this and immediately start calling this shit what it is: a massive tax increase on the working class, the middle class and employers.

gypsy mothra (gypsy mothra), Thursday, 18 November 2004 17:58 (twenty-one years ago)

I don't have health insurance right now, and if the tax incentive is removed for even big companies to provide health care, well... not to say none will, but certainly less will. My chances of ever having health insurance just went down. Fucking great.

Kenan (kenan), Thursday, 18 November 2004 18:01 (twenty-one years ago)

Since I mentioned the Putinization of USA, did you see that there are rumors that Condi has insisted upon seeking, and possibly obtained, agreement from Russia to send troops to Iraq? Maybe Putin has been Bush's ace in the hole all along.

Hunter (Hunter), Thursday, 18 November 2004 18:04 (twenty-one years ago)

Wouldn't surprise me. Putin was very happy at Bush's re-election. As a Russian newspaper columnist was saying on the radio the other day, it means 4 more years of the U.S. not giving a shit (beyond occasional official harrumphs) about Putin's ongoing transition to authoritarian capitalism. I got shivers when I read that Putin and Berlusconi watched the election returns together. I think Russia and Italy (and maybe China) represent sort of the Bush-Cheney ideal of corporate statism. (There used to be a word for that...)

gypsy mothra (gypsy mothra), Thursday, 18 November 2004 18:24 (twenty-one years ago)

...and it wasn't "freedom."

Kenan (kenan), Thursday, 18 November 2004 18:32 (twenty-one years ago)

Maybe Putin has been Bush's ace in the hole all along.

Note that yesterday admininstration representatives were not at all concerned that Putin announced plans to build some sort of innovative atomic weapon.

I think Russia and Italy (and maybe China) represent sort of the Bush-Cheney ideal of corporate statism. (There used to be a word for that...)

Do you mean "oligarchy"?

j.lu (j.lu), Thursday, 18 November 2004 18:37 (twenty-one years ago)

happyfunland?

Alex in SF (Alex in SF), Thursday, 18 November 2004 18:38 (twenty-one years ago)

This is the freedom where you are free to die of the disease of your choice in the slum of your choice.

Ed (dali), Thursday, 18 November 2004 18:42 (twenty-one years ago)

good thing i dont have any taxable income or health insurance!

phil-two (phil-two), Thursday, 18 November 2004 18:43 (twenty-one years ago)

The Democrats need to get on the stick with this and immediately start calling this shit what it is: a massive tax increase on the working class, the middle class and employers.

I'm under the impression that, even when the Democrats do this, there are far too many middle class Americans who can't see beyond "moral values."

I'm voting for him because we need to preserve the sanctity of marriage between a MAN and a WOMAN.

Are you aware that The Man's boot will be on your middle class neck for the next four years?

I said MAN and a WOMAN! Did you not hear me?

martin m. (mushrush), Thursday, 18 November 2004 18:45 (twenty-one years ago)

Well congratulations "value voters", you bunch of assholes.

dave225 (Dave225), Thursday, 18 November 2004 18:48 (twenty-one years ago)

They're so against man-on-man action that it's gonna be even more ironic when The Man fucks 'em in the ass with a new tax plan.

martin m. (mushrush), Thursday, 18 November 2004 18:52 (twenty-one years ago)

just keep repeating "they hate us because we are free and good" for the next four years and everything will be fine. You don't really need healthcare, just apply freedom directly to the wounded area and let the healing begin. Your sheer moral goodness (innate and God given, as an American citizen) is more important than any particular book-learnin' anyway.

Drew Daniel (Drew Daniel), Thursday, 18 November 2004 18:52 (twenty-one years ago)

Can we just stop talking about these things in terms of working class vs corporations and the super-rich? Corporations don't vote, and the super-rich are a tiny, and shrinking fraction of a percentage point. Let's call these things what they are, tax rises on America. (No bad thing in itself, but where's it going? Aha right, the pockets of corporations and the super-rich. Ah well. I guess I'm just sick of the shock horror about this. If tax money isn't going to improve public services - which it's manifestly not - then where the fuck else is it going to end up.)

You've Got to Pick Up Every Stitch (tracerhand), Thursday, 18 November 2004 18:56 (twenty-one years ago)

I want to make a 200-slide Powerpoint presentation for Dubya.

Slide 1:
(Clip art of a church)
Church

Slide 2:
(Clip art of a government building)
State

Slide 3:
(Clip art of a church)
Church

Slide 4:
(Clip art of a government building)
State

etc.

Put him in a room and tell him every time he yawns or thinks about having a beer, snorting coke or choking on a pretzel, the presentation is starting over from the beginning.

martin m. (mushrush), Thursday, 18 November 2004 18:59 (twenty-one years ago)

then where the fuck else is it going to end up

http://www.governor.wa.gov/bios/mansion.jpg http://www.sealine.com/imgs/f43-flybridge-yacht.jpg

Kenan (kenan), Thursday, 18 November 2004 19:02 (twenty-one years ago)

haha the "blue states" are almost universally the highest state/local tax areas in the nation, he's probably just pissed off still.

phil 2 is OTM, the rest of y'all are done suckas for having jobs.

Allyzay Science Explosion (allyzay), Thursday, 18 November 2004 19:04 (twenty-one years ago)

martin, I like your idea, but may I suggest a blow to the head with a blunt object between each slide?

dave225 (Dave225), Thursday, 18 November 2004 19:08 (twenty-one years ago)

The changes are meant to be revenue-neutral. To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said.

So, if I live in a state that has no state tax, and I live in a city with no city taxes, this.. doesn't matter to me?

If so...uh, WOOHOO!

:/ (kidding, of course)


donut christ (donut), Thursday, 18 November 2004 19:15 (twenty-one years ago)

the beauty of this system is that if you inherit a shitload of money and live off of investments YOU WILL NEVER HAVE TO PAY TAXES EVER.

still bevens (bscrubbins), Thursday, 18 November 2004 19:22 (twenty-one years ago)

*whistles idly*

Ned Raggett (Ned), Thursday, 18 November 2004 19:23 (twenty-one years ago)

It's only fair.

I live in a place with insane local and state taxes, so I'll just be getting fucked sideways if this passes.

Kenan (kenan), Thursday, 18 November 2004 19:24 (twenty-one years ago)

o, if I live in a state that has no state tax, and I live in a city with no city taxes, this.. doesn't matter to me?

Well, people in those places have already been getting fucked, because the state revenue all comes from sales taxes and various kinds of fees, which aren't deductible from federal income tax. So in a sense, this would just be making people in places with state or local income taxes equally fucked. See? It really is a fairer plan!

gypsy mothra (gypsy mothra), Thursday, 18 November 2004 19:29 (twenty-one years ago)

if you itemize your deductions you can deduct local sales tax (this year)

kyle (akmonday), Thursday, 18 November 2004 19:32 (twenty-one years ago)

I'm changing my address with the IRS - to George Bush's mom's ass.

dave225 (Dave225), Thursday, 18 November 2004 19:33 (twenty-one years ago)

Not necessarily, Gypsy. Your first point is taken, but some states do a better job of managing state and local taxes better than others.. defining "better" however you want. And some states deal with having NO state or local taxes better than others, too.

On the flip, yeah, "Adapt adapt adapt!" That should be Bush's new slogan. "Shit really CAN be a delicious treat if you just get used to it! It's just a lot of carbon and bacteria anyway... it builds character!"

Regarding your first quoting of the above article quote which you enboldened: "considering" does not = "law", keep in mind. Not freakout time.. yet.

That said, this would be an extremely stupid move if it were to actually go through, as it affects just as many so-called "red" states as "blue" states, and within, those who file 1040 via Schedule B. (This shouldn't affect those who just go for the standard deduction on the regular form.) I'm guessing^H^H^H^H^H^H^H^Hhoping this idea will die upon trying to walk up the steps, so to speak.

Oh, and SURPRISE! DEMOCRATS ARE NOT YELLING ABOUT THIS (YET WE'VE SEEN) THEREFORE PROVING TO BE MORE INEFFECTUAL THAN MOST THOUGHT OR PERHAPS DARE I SAY NOT REALLY GIVING A FUCK AFTER ALL SHOCKER.

donut christ (donut), Thursday, 18 November 2004 19:34 (twenty-one years ago)

martin, I like your idea, but may I suggest a blow to the head with a blunt object between each slide?

To be fair, there should only be a blow to the head if Dubya sees two consecutive slides and says something like "Wait... What's the difference?"

I mean this is more about education than punishment here. That's why I'm thinking Powerpoint instead of, say, a paddle.

martin m. (mushrush), Thursday, 18 November 2004 19:35 (twenty-one years ago)

B I don't know about Seattle or Washington at all any more. Rossi? Jesus Piss Christ, man.

martin m. (mushrush), Thursday, 18 November 2004 19:37 (twenty-one years ago)

good thing i dont have any taxable income or health insurance!

just because you don't declare your income...

of course if you declared your income then I'd probably have to declare the money you gave me.

I'm going to shut up now.

Dan Selzer (Dan Selzer), Thursday, 18 November 2004 19:37 (twenty-one years ago)

Martin, this should be for another thread, but at least Rossi ain't a senator or anyone who has say on political matters that represent WA state, since he might be governor. (to brief everybody, we only JUST got the final results of our governor race, and after over 2.5 million votes were cast, GOP Rossi is ahead by 261 votes.. yes, 0.0000093%. Needless to say, we're already in recount mode.. and there's a small chance the recount could swing back to Dem Gregroire, who ran the shittiest campaign ever. Thank god the Libertarian candidate got 2%, as that would have all mostly gone to Rossi and made the race his more solidly. Thank you, Libertarians for potentially Perot-ing/Nader-ing Rossi!)

donut christ (donut), Thursday, 18 November 2004 19:41 (twenty-one years ago)

I really hope this gets shitcanned, but it might not, so yeah, fuck all us suckers for having jobs. Maybe they'll let me back in the air force.

TOMBOT, Thursday, 18 November 2004 19:51 (twenty-one years ago)

'cause I really don't see anybody getting a raise to help pay for their own health insurance plan.

TOMBOT, Thursday, 18 November 2004 19:52 (twenty-one years ago)

Speaking of libertarians, I was wondering if any of them here have opinions about what's going on in Somalia at the moment?

Kevin Gilchrist (Mr Fusion), Thursday, 18 November 2004 19:53 (twenty-one years ago)

some states do a better job of managing state and local taxes better than others

Oh yeah, no question. And some cities too. But the fact remains that all states have some kind of government revenue, and states without income taxes are making it up in other ways. Like, I moved to New York from Tennessee a few years ago. I pay boatloads of state and city taxes here, none of which I paid there. And it's hard to make a case for New York state having really effective government. But at the same time, I'm more or less happy with my public services (the city's way more efficient than the state), and the state as a whole has a higher standard of living, an apparently more effective education system (at least judged by literacy rates and college attendance rates, compared to Tennessee), tougher environmental standards, etc. -- so at least some of that extra money I'm paying is going somewhere worthwhile. Meanwhile, Tennessee has no income tax, but it has a higher sales tax than New York, and it applies to many more things, including most groceries. The net effect is an extremely regressive tax system that puts a greater proportional burden on the poor and middle class than the wealthy. PLUS, the poor and middle class can't deduct their state taxes from what they pay the feds, because it's not income tax. That's what I mean.

gypsy mothra (gypsy mothra), Thursday, 18 November 2004 19:53 (twenty-one years ago)

(furthermore, Gregroire is about as Democratic as Bill O'Reilly is "independent", so the WA governor race was just:

one conservative-centrist-Democrat
vs.
another-conservative-"centrist"-GOP-who-has-fucked-up-GOP-views-but-can't-do-jack-shit-about-'em-given-he'd-have-to-contend-with-a-Democratic-state-house
vs.
Libertarian-woman-who-Perot'ed-previous-candidate-hence-ended-up-helping-Democrat-candidate-more-than-the-Democrats-themselves...

but I digress.)

donut christ (donut), Thursday, 18 November 2004 19:53 (twenty-one years ago)

Well, if this screws over city people more, it screws over the roughly half of urban voters that voted for Bush. And that's a big "if"

Goshy darn.

*whistles Ned's tune*

(again, "considering"... "considering"... )

donut christ (donut), Thursday, 18 November 2004 19:56 (twenty-one years ago)

(...a move to Memphis, a move to Memphis, I'm considering, I'm considering... ok, no more obscuro music jokes on this thread.)

donut christ (donut), Thursday, 18 November 2004 19:56 (twenty-one years ago)

Colorblind James! I love that song.

gypsy mothra (gypsy mothra), Thursday, 18 November 2004 19:58 (twenty-one years ago)

mothra you should move out here to Seattle. No income tax (higher sales tax), but the public services are better than TN. It's almost a happy medium from the perspective of a resident.

(FYI my experience with TN public services is only as a resident of Nashville, where I grew up and spent a couple years also as an adult. I lived in NYC for just over 4 years. I've now been in Seattle for just over 1 year.)

martin m. (mushrush), Thursday, 18 November 2004 20:00 (twenty-one years ago)

How high a sales tax is "higher"? The sales tax in Chicago is 8.25%, same as in Texas, only Texas has no state tax, so it's actually way more expensive to live here. And there's no evidence that the city works better. The city is flat freakin' broke.

Kenan (kenan), Thursday, 18 November 2004 20:02 (twenty-one years ago)

Well, sales tax in WA is 8.75% I think, just shy of 9%. There was a proposition to make it 9.75% to help out schools (or school boards, depending on your perspective), but it failed miserably. (I'm not shedding a tear actually.. from what I've seen, the WA state school system isn't bad at all currently!)

But wasn't state tax in certain counties in Maryland 15% or some shit like that? That's higher than Canadian sales tax!

donut christ (donut), Thursday, 18 November 2004 20:08 (twenty-one years ago)

i'm just waiting for the "double taxation!" mantra to come 'round again

kingfish (Kingfish), Thursday, 18 November 2004 21:33 (twenty-one years ago)

scrapping the business tax deduction for employer-provided health insurance

This really something the democrats should try to push (along w/other reforms, obv.) because it results in insurance being tied to employment.

artdamages (artdamages), Thursday, 18 November 2004 21:50 (twenty-one years ago)

Chicago's sales tax rate is 8.75%, soon to rise to 9% thanks to a recent City Council vote.

We really take it up the ass when we buy big-ticket goods, that's for sure.

:(

Baked Bean Teeth (Baked Bean Teeth), Thursday, 18 November 2004 21:52 (twenty-one years ago)

i'm just waiting for the "double taxation!" mantra to come 'round again

... the fuck are you talking about?

martin m. (mushrush), Thursday, 18 November 2004 21:55 (twenty-one years ago)

think back two years ago, when they were making noise about the corporate gains taxes..

kingfish (Kingfish), Thursday, 18 November 2004 22:52 (twenty-one years ago)

This really something the democrats should try to push (along w/other reforms, obv.) because it results in insurance being tied to employment.

Right, but I only want it pushed by people who intend to replace it with something. The Republicans seem to be moving toward universal uncoverage.

gypsy mothra (gypsy mothra), Thursday, 18 November 2004 23:17 (twenty-one years ago)

http://pup.princeton.edu/images/k7280.gif

donut christ (donut), Thursday, 18 November 2004 23:19 (twenty-one years ago)

the Bush administration, it's looking like.. right above here.

donut christ (donut), Thursday, 18 November 2004 23:20 (twenty-one years ago)

Thank god the Libertarian candidate got 2%, as that would have all mostly gone to Rossi and made the race his more solidly.

Actually, donut christ, that's not the case in Washington with this liberterian candidate. She is on the record as running to steal votes from Gregoire:

Libertarian Bennett, who is drawing about 2 percent of the vote, told The Daily News of Longview she tailored her campaign to draw votes from Gregoire in an attempt to get the major parties to pay more attention to her party's causes.

"That's what I was aiming to do, and that's what it looks like I did," Bennett said. from KATU.com

And get this, her main cause? Gay marriage! Nice work, dumbass. You've sent the message loud and clear. Rossi loves Bush and hates Gays!

Garibaldianne (Garibaldianne), Friday, 19 November 2004 09:16 (twenty-one years ago)


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