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Thread: Rand Paul: Have to Cut Taxes on Top 1 Percent or It’s Not a ‘Significant Tax Cut’

  1. #1

    Default Rand Paul: Have to Cut Taxes on Top 1 Percent or It’s Not a ‘Significant Tax Cut’



    THE LAURA INGRAHAM SHOW PODCAST 11/02/17 - FULL SHOW

    Rand Paul: We'll See Growth, But This is Not a Significant Tax Cut

    Rand Paul: Have to Cut Taxes on Top 1 Percent or It’s Not a ‘Significant Tax Cut’


    Sen. Rand Paul (R-Ky.) said Thursday on “The Laura Ingraham Show” that the House’s tax plan will deliver economic growth, although it doesn’t really constitute “a significant tax cut” as President Donald Trump said it would.

    The House’s watered-down Tax Cuts and Jobs Act, released Thursday, would reduce the number of income tax brackets to four, with rates of zero percent, 12 percent, 25 percent and 35 percent. In addition, the corporate tax rate drops from 35 percent to 20 percent — short of the 15 percent tax rate Trump championed on the campaign trail, but still a significant change.

    Although Paul applauded some aspects of the bill's content, he expressed disappointment, saying the proposed legislation as it now stands wouldn't deliver the "significant tax cut" Trump and Republicans promised.

    "If you don't cut the top 1 percent, you don't really have a significant tax cut," Paul told LifeZette Editor-in-Chief Laura Ingraham. "What they've done is, they've bought into the class warfare on the individual side."

    "So at the top, there's not going to be much of a tax cut. There will be some. And in the middle, there's going to be a little bit — there's mostly going to be eliminating deductions. And at the bottom, the bottom already don't pay much income tax and will continue not to pay much income tax," Paul added.

    The senator from Kentucky said that if the U.S. wants to create jobs and keep them in the country, Congress must "lessen the punishment" it has doled out on corporations and the top 1 percent of income earners.

    ...
    https://www.lifezette.com/polizette/...icant-tax-cut/
    Quote Originally Posted by Ron Paul View Post
    The intellectual battle for liberty can appear to be a lonely one at times. However, the numbers are not as important as the principles that we hold. Leonard Read always taught that "it's not a numbers game, but an ideological game." That's why it's important to continue to provide a principled philosophy as to what the role of government ought to be, despite the numbers that stare us in the face.



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  3. #2

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    $#@! the 1%, what they ever do for me
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  4. #3

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    Quote Originally Posted by TheTexan View Post
    $#@! the 1%, what they ever do for me
    If you got an Iphone / smartphone....you owe that to the 1%....if they did not want to earn a profit....you would have no smartphone today.

  5. #4

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    Quote Originally Posted by qh4dotcom View Post
    If you got an Iphone / smartphone....you owe that to the 1%....if they did not want to earn a profit....you would have no smartphone today.

    I think most Texans use CB radios to communicate.
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    Just for the record, 99% of the time I say "In my country........" I am actually messing with you people because I know you guys have absolutely no idea what happens in my country.

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  6. #5

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    Quote Originally Posted by Danke View Post
    I think most Texans use CB radios to communicate.
    I think they use smoke signals, but Oyarde would know more about those than I do.
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  7. #6

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    Quote Originally Posted by qh4dotcom View Post
    If you got an Iphone / smartphone....you owe that to the 1%....if they did not want to earn a profit....you would have no smartphone today.
    Yes but think about how many more iPhones I could have if we beat up the 1% collectively and took all their money
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  8. #7

  9. #8

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    Quote Originally Posted by Danke View Post
    I think most Texans use CB radios to communicate.
    Texans , what can you do .

  10. #9

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    Quote Originally Posted by qh4dotcom View Post
    If you got an Iphone / smartphone....you owe that to the 1%....if they did not want to earn a profit....you would have no smartphone today.
    Am I the only 1 percenter without a smart phone ?

  11. #10

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    Quote Originally Posted by oyarde View Post
    Am I the only 1 percenter without a smart phone ?
    Empty liquor bottles don't count towards your net worth
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  12. #11

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    Quote Originally Posted by TheTexan View Post
    Empty liquor bottles don't count towards your net worth
    I do not even count those . I calculate all of my wealth in Trees , Fruit Trees , crops , livestock , tillable land , homes ,tools , equipment ,lead , copper , guns , silver and gold . We do not count cash since it is backed by nothing and they could announce tomorrow it is devalued .

  13. #12

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    Seems there's very little agreement as to what this tax bill actually does. The opinions are all over the place.

    Did You Catch the Huge Loophole in the GOP Tax Plan? The Rich Sure Did.
    http://fortune.com/2017/11/03/trump-...plan-loophole/
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  14. #13

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    If it's this complicated, it's probably not going to be very good overall. But if they actually raise the standard deduction as high as they say and it can be filled out on a postcard, I'll be thrilled.
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  15. #14

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    It seems like this bill only cuts taxes for the rich. Anyone making $30k-$250k might see a small cut. Like savings of $500 a year. Some will see a small increase due to the deductions being removed. Only the people making 1%er income will see substantial cuts. For that reason, I'm out.

    Also, didn't Rand pledge to not vote to increase the deficit? And this increases it by $1.5 Trillion? I'm not really a deficit hawk, but they need to at least make some token cuts to spending to try to offset this.
    Waiting for the day the classical liberals drive the hateful alt-right out of the republican party, and the libertarians can rise again.

  16. #15

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    The top 1% will be still be paying less than most. Money they do pay taxes on will probably be taxed at the corporate rate (25%?).
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  17. #16

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    Quote Originally Posted by brandon View Post
    It seems like this bill only cuts taxes for the rich. Anyone making $30k-$250k might see a small cut. Like savings of $500 a year. Some will see a small increase due to the deductions being removed. Only the people making 1%er income will see substantial cuts. For that reason, I'm out.
    What is wrong with massive tax cuts for the rich? Most people see their paychecks come from rich people.

    I agree more cuts should be fought for, for everybody, but I wouldn't oppose any cut in taxes.
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  18. #17

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    Rich people wouldn't have to pay me as much wage if the government wasn't taking so much away. Rich people are the only ones that pay any taxes anyways, but that's because we monetize debt and that is a system that picks winners and losers its a system that causes only rich people to contribute because they have the money.

    Essentially unless they cut government if they lower taxes it will result in a tax increase for the poor and lower middle class- an INFLATION tax increase. Something that distorts the economy even worse then taxes. You are essentially endorsing the monetization of debt and the theft of wealth from people who save their money to pay for your tax breaks.

    If you want to argue for tax cuts, fine, argue for REAL tax cuts, argue for government cuts with the tax cuts so that the economy gets some life breathed into it. Don't get me wrong, vote for anything that reduces the amount of money that gets taken away from people, but if that same guy that voted to decrease taxes votes to increase military spending by 700B that guy is taxing you, he is not your friend.






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