The Cut CutCut Act
- Thread starter 57Brave
- Start date
cajunrevenge
Well-known member
Well ****. Guess they will have to pick a useful major instead of feminist dance theory or Chicano studies. Of course college wouldn't be so expensive if they didn't have 1000 extra faculty for things stupid ****.
Jaw
It's OVER 5,000!
http://www.washingtontimes.com/news/2017/nov/2/gops-tax-bill-cancels-23-billion-credits-illegals/
GOP’s tax bill cancels $23 billion in credits claimed by illegal immigrants
The new GOP tax overhaul would strip illegal immigrants of the ability to claim several major tax credits, saving the government $23.1 billion over the next decade, according to the bill’s authors.
For years Republicans have complained that despite a general ban on taxpayer benefits flowing to illegal immigrants, the IRS has allowed them to collect the child tax credit, the American Opportunity Tax Credit and the Earned Income Tax Credit.
Efforts to shut down those claims have been tried in the House but have never cleared Congress.
But the new tax overhaul tries again, calling for taxpayers to have to submit work-eligible Social Security numbers in order to claim the credits.
GOP’s tax bill cancels $23 billion in credits claimed by illegal immigrants
The new GOP tax overhaul would strip illegal immigrants of the ability to claim several major tax credits, saving the government $23.1 billion over the next decade, according to the bill’s authors.
For years Republicans have complained that despite a general ban on taxpayer benefits flowing to illegal immigrants, the IRS has allowed them to collect the child tax credit, the American Opportunity Tax Credit and the Earned Income Tax Credit.
Efforts to shut down those claims have been tried in the House but have never cleared Congress.
But the new tax overhaul tries again, calling for taxpayers to have to submit work-eligible Social Security numbers in order to claim the credits.
Jaw
It's OVER 5,000!
Wow 57, good catch. Those poll numbers really illustrate how damaging fake news and biased media can be.
https://www.politico.com/agenda/story/2017/11/02/the-gops-hidden-46-tax-bracket-000570
The GOP’s hidden 46% tax bracket
If you’re rich enough, some of your income is taxed at a rate unseen since the ‘80s.
House Republicans claim the tax plan they introduced Thursday keeps the top individual rate unchanged at 39.6 percent—the level at which it’s been capped for much of the past quarter-century. But a little-noticed provision effectively creates a new band in which income is taxed at over 45 percent.
Thanks to a quirky proposed surcharge, Americans who earn more than $1 million in taxable income would trigger an extra 6 percent tax on the next $200,000 they earn—a complicated change that effectively creates a new, unannounced tax bracket of 45.6 percent.
cajunrevenge
Well-known member
I wish we could have national vote on major issues. I know it costs a lot to have those but what price can you put on actual democracy.
acesfull86
Well-known member
The plan has been out for approx 3 seconds. Those folks polled all had a chance to read the thing and digest how it impacts themselves/others?
goldfly
<B>if my thought dreams could be seen</B>
"The best argument against democracy is a five-minute conversation with the average voter." Winston Churchill
57Brave
Well-known member
Catherine RampellVerified account @crampell
Under GOP tax bill, colleges wouldn't be able to waive tuition w/o imposing new taxable income on grad students
Matt O'BrienVerified account @ObsoleteDogma 13m13 minutes ago
Matt O'Brien Retweeted Catherine Rampell
Taxing PhD students so Eric, Ivanka, and Donald Trump Jr. can inherit money tax-free sure are … interesting priorities
Under GOP tax bill, colleges wouldn't be able to waive tuition w/o imposing new taxable income on grad students
Matt O'BrienVerified account @ObsoleteDogma 13m13 minutes ago
Matt O'Brien Retweeted Catherine Rampell
Taxing PhD students so Eric, Ivanka, and Donald Trump Jr. can inherit money tax-free sure are … interesting priorities
Jaw
It's OVER 5,000!
We have a lot of college grads with gender studies, race studies, and other social justice degrees that are only useful for indoctrinating more students. We need subsidized loans to keep enrollment up, to keep feeding the social justice university machine.
sturg33
I
Let me know why I should subsidize your loans
57Brave
Well-known member
why not?
I kind of enjoy living in a world where people are educate and raise their kids to be educated.
Get back to me the number of degreed people and what their children grow to be.
At some point you will have to decide what your place is in
a) social contract
b) gender relations
c) insurance
nsacpi
Expects Yuge Games
There is a well-developed public finance (taxation) literature going back many decades on tax and subsidy treatments of what are called "public goods." Education is generally considered an example of a public good.
There is also a "public choice" literature which I suspect you would find of greater interest. Among other things it looks at how interest groups capture or influence public policy to the detriment of good policy making. I think the education lobby is a classical example of that kind of interest group.
I'm in favor of continued subsidies of higher education. But there needs to be a reform of the system so the benefits accrue to the students and society in general rather than the educational lobby. Among the reforms, I think subsidies should only be given for attending institutions and programs that have a record of producing enough value added so the students can repay their loans. I also think subsidies should only go for attending institutions that meet certain cost criteria. I am not in favor of subsidizing attendance at gold-plated institutions. Yes, a Harvard education might be a nice thing but I don't think it should be on the public dime (or alternatively the subsidy for attending Harvard should be capped so that it is no greater than the subsidy for attending a solid state university).
Jaw
It's OVER 5,000!
That's pretty reasonable and I especially like your inclusion of "...programs that have a record of producing enough value.."
Just realize that your proposal would take a ton of heat from the left side of the aisle for denying access to places like Harvard and for failing to subsidize the SJW programs. I love the latter and can stomach the former, but those folks aren't likely to see things the same way.
Just realize that your proposal would take a ton of heat from the left side of the aisle for denying access to places like Harvard and for failing to subsidize the SJW programs. I love the latter and can stomach the former, but those folks aren't likely to see things the same way.
nsacpi
Expects Yuge Games
when i become emperor i will have all those people decapitated (after first being disemboweled)...political opposition from left or right will not be a problem...trust me
I've been reading English history lately and find the following event especially inspiring:
But it was the final torture that made Edward II’s death arguably the most famous in English royal history: a group of men pinned the deposed king beneath a mattress or table, pushed a horn into his anus, and then inserted a red-hot poker that burned out his internal organs. This grisly execution was supposedly devised to leave no visible mark on the body. Although many historians have long suspected that the red-hot poker story was just medieval propaganda, most agreed that Edward II was indeed murdered in 13.
jpx7
Very Flirtatious, but Doubts What Love Is.
That's pretty ****ed up, on principle—though in practice, I'm not sure how much it will mean, since a good number of tuition waivers for graduate students are already attached to (very low) salaried teaching positions, which is income that is taxable (but frequently low enough to keep graduate students in the lowest two tax brackets).
jpx7
Very Flirtatious, but Doubts What Love Is.
Pretty small amount of federal educational loans are subsidized (which just means that you pay principal back, with help on the interest); a great many more for college are unsubsidized (principal+interest, like any other loan), and all graduate student loans are unsubsidized. Meanwhile, educational loans carry a lot fewer protections than most other kinds of debt—so, if anything, we need to do more for student borrowers, not less. (Or, you know, go deeper and fix the whole system ...)