The only thing reasonable about the bill is the AMT relief. It's trapping more and more middle class people every year because the exemption amounts were not automatically increased by the rate of inflation each year.

The AMT should be abolished. Essentially, the taxpayer has to fill-out two sets of complicated IRS forms each tax year.

"War is a Racket" Brig. Gen. Smedley D. Butler

-There is no money for tax cuts so the money is borrowed and the debt put on us.

-Take the number of people in your family and multiply by $250 to obtain your new debt.

E.G. A married couple with 2 kids making a median income of $65,000 a year will get back 5 X $110 Republican dollars MINUS 4 X $240 of Republican Debt.

Thanks for the NEGATIVE $410!

Of course, perhaps Republicans will not make the bottom 90% pay off all this new debt. Perhaps instead they will raise Taxes from upper income tiers. Or maybe they will behave as they are now and the vast majority will spiral further into debt while the Republican leadership laughs all the way to the bank.

And before we get a dopey Conservative apologist in here let me race mention to the NEGATIVE $410 above being possibly-maybe-could be-might be compensated for by trickle down economics.

Here is my response to every man out their still retaining two balls: Do you ask your boss to routinely cut your salary so that he may build his business? No? Then you, like I, will take our money up front. If diminishing lower tier incomes stimulates the economy then keep voting Republican and demand $1/hour as a Salary so the Economy can really boom.

Di,

Are your numbers what the tax savings will be COLLECTIVELY over 5 years or PER year?

Thanks,

Jim

Please take this to our schools:

There is no money. It has to be borrowed.

• $70 billion in tax cuts mean $70 billion in new debt.
• There are 293 million Americans.
• THEREFORE: $70,000,000,000/293,000,000 Americans = $240 dollars of new debt per American (offset of course by the Tax Cut the table above refers to).

There are two points of view beyond this:

The Republican notion that the added debt will be taken care of via a stimulated economy from top end income tiers OR that upper income tiers should never have been paying that amount of tax to begin with.

The Democratic notion that the added debt will never easily be reassumed by those who just shed it. It is simply human nature. Further, that a point of diminishing returns is reached where further income at the top no longer produces economic stimulus and in fact stimulus would come from greater income being directed first to the bottom 90%. Beyond this, that the bottom 90% of professions ($100,000 a year and less) are underpaid.

I would hope that the simple arithmetic in the top box is enough. I see no real need to defend the Democratic Notion or rail against the Republican one. It should be enough to KEEP reminding everyone when NEW debt is placed on them, and by whom.

Hopefully their memories will remain when the shit hits the fan.

Thanks Teach.

-50% of ALL single wage earners (those below $42,000 a year)will do no better than: Gaining ~$100 total over 5 years via the tax cut BUT own an additional $250 of debt for a NET LOSS of ~$150 over 5 years. AND MANY WILL DO FAR WORSE.

-80% of ALL single wage earners (those below $72,000 a year) will do no better than: Gaining ~$500 total over 5 years via the tax cut BUT own an additional $250 of debt for a NET GAIN of ~$250 over 5 years. AND MANY WILL DO FAR WORSE.

I think if we add in the effect of the children most people are responsible for we would find once again that the bottom 90% of ALL Americans got the shaft DIRECTLY. If it fell short of that I would argue that indirectly they certainly did. More debt thrown on the majority will not build this Nation.

It is not Pollyannaish to note that so much potential lies within the American people but it can only be unleashed if capitol is available in the form of good salaries, low prices, and tax laws which leave necessary income where it belongs: IN YOUR POCKET.