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VICIOUS Republican Tax Plan Passes House



Tax cuts for the rich and tax hikes for everyone else are dangerously close to becoming law. Ana Kasparian, Michael Shure, and Mark Thompson, hosts of The Young Turks, discuss. Tell us what you think in the comment section below. Join TYT:

“The House passed a sweeping rewrite of the tax code on Thursday by 227-205, taking a significant leap forward as Republicans seek to enact $1.5 trillion in tax cuts for businesses and individuals and deliver the first major legislative achievement of President Trump’s tenure.
Attention now turns to the Senate, which was grappling on Thursday with another setback after a congressional analysis found that their revised tax bill would actually raise taxes on lower-income Americans within a few years.
The Joint Committee on Taxation projected that Americans earning $30,000 or less would see their taxes increase beginning in 2021, if the Senate bill becomes law. The committee also projected that Americans earning $75,000 or less would face large tax increases in 2027, after the individual tax cuts expire. The updated analysis stems from the Senate’s last-minute inclusion of a provision that would repeal the Affordable Care Act’s requirement that most people buy health insurance. The repeal would lead many lower-income Americans to choose not to buy insurance, and thus not claim tax subsidies that currently help them defray the costs of health coverage.
Senator Ron Wyden of Oregon, the ranking Democrat on the Finance Committee, called the development “astounding” and warned that middle-class taxpayers would get “clobbered” under the latest Republican plan.”*

Read more here:

Hosts: Ana Kasparian, Michael Shure, Mark Thompson

Cast: Ana Kasparian, Michael Shure, Mark Thompson

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Written by lena

Foodie, Performer, Water Protector, Avid Baker, Syndicate Aggregator. I probably still live in my mom's basement.

43 Comments

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  1. This is a great tax bill, anyone that thinks it hurts small businesses is insane. The first $20,000 are at that rate and if you are a business making more than that just switch to a c corp from llc and take advantage of the 20% rate. It's clear cut a better deal!

  2. TRY TELLING THE TRUTH THIS TAX PLAN HELPS THE MIDDLE CLASS,AND COMPANIES, BOY TRUMP WAS RIGHT WHEN HE SAID FAKE NEWS !

  3. We all just need to incorporate ourselves and write off all of our living expenses as business expenses, and the middle class can also enjoy this tax break

  4. Anybody that thinks a tax cut for anybody is a bad thing doesn't understand taxes very well. The only issue I have with this is that it has and end date.

  5. I am glad that Trump's tax plan actually reduces taxes for small and corporate businesses, as well as for low income Americans. A downside would be a definite increase in National Debt, but this is combated by Trump's encouragement for production and industry in the U.S. Go Trump! 🙂

  6. TRUMP should do what Obama did,Ignore senate,congress,and house and make up laws himself.Get er done.Hey Obama did it.

  7. dear mr walmart

    my son really wanted a bike for christmas but my president tells me that you need the money more

    please find enclosed the 200 dollars we've saved this year

    it's been difficult to save since I lost my job at the coal mine

    president trump tells me that if i give my money to people like you, you will make sure that I can get another job

    looking forward to buying billy a car next year when he's 16

    yours sincerely,

    a trump supporter

  8. so making moving businesses to the US more attractive, and creating jobs especially in areas like Detroit and Flint MI where they are desperately needed, is somehow a bad thing.

  9. So the house is on board with
    the rich. Me and the school
    boy understanding of the
    political process. I thought they were there for the people. Why in hell don't they
    come and just say " go F— Yourself" you poor ass piece of she i t. Lord knows that the
    Purpose. We don't need a party shift, we need to clean
    house. Every suit wearing,
    double dealing SOB there.
    BAM.

  10. So the house is on board with
    the rich. Me and the school
    boy understanding of the
    political process. I thought they were there for the people. Why in hell don't they
    come and just say " go F— Yourself" you poor ass piece of she i t. Lord knows that the
    Purpose. We don't need a party shift, we need to clean
    house. Every suit wearing,
    double dealing SOB there.
    BAM.

  11. So the house is on board with
    the rich. Me and the school
    boy understanding of the
    political process. I thought they were there for the people. Why in hell don't they
    come and just say " go F— Yourself" you poor ass piece of she i t. Lord knows that the
    Purpose. We don't need a party shift, we need to clean
    house. Every suit wearing,
    double dealing SOB there.
    BAM.

  12. The Lord Jesus Christ says "It is easier for a camel to go through the eye of a needle than for a rich man to get into heaven"

  13. The removal of deduction for state and local taxes from federal taxes would hit high earners more than low earners. Also if New York cared that much about their constituents, they'd find ways of lowering their state and local taxes.

  14. "VICIOUS" LOLOLOLOLOLOLOL Fear-Monger Much??????????? America will continue to rise in prosperity with Trump at the helm. And you commies can't stand it. LOLOLOLOLOLOLOL

  15. The senate is now trying to push the bill through without giving the democrats or even all the republicans a chance to actually read it. This is your government at work. This is republicans at work.

  16. Republicans have no choice but to pass this corporate welfare, tax "reform" (wink, wink) bill. Otherwise they can say goodbye to the billions in campaign donations from their wealthy donors. They have to come through for the 1%, despite the fact that the poor and middle class having to pay for it.

  17. America needs jobs, tax cuts for corporations creates an incentive to move or keep jobs in the states rather than send your job to Mexico or China. I'd rather give a tax cut then lose my job completely. Unemployment, welfare recipients and record low GDP growth under Obama was on the verge of setting the US back to being on par with 3rd world nations. It was unsustainable. Don't be so short sighted, in the long run things will change a bit, but to get the economy pumping again is the main thing. If there is a return on the investment then we can discuss what US needs to do with all the extra cash on hand.

  18. How to trigger a Libtard:

    Trump is your President 😏 and will be your President for the next 7 years 🇺🇸 MAGA

  19. You guys are fake news and idiots. My parents are broke because of Obama. $20,000 a year for Obamacare. Saying millions of Americans will be uninsured is hilarious because not everyone wants healthcare why do you assume we all want healthcare? Iv got dental insurance and that’s it because that’s all I can afford. I work hard and barely make $22K a year.

  20. Liberals are already squealing in horror at the idea of cutting taxes for the middle class. Idiot liberals look upon us as walking wallets ripe for the picking. Until their party, the Dems, actually start representing the hated middle class they will remain in time out. LOL.

  21. Democrat Marxist consist of: Communists, Socialists, Fascists & Islamists. They all despise the U.S. Constitution and Bill of Rights. They also despise the Declaration of Independence. They embraced Bolshevik Communist Union Organizers who came to America to take over all Corporations. Then, in 1933, the Frankfurt School of Cultural Marxism was imported to American colleges by Communist Professors who fled from Germany after Communism failed there with 2 intents: to destroy the U.S. and to destroy American Capitalism(property ownership). Guess who embraced these monsters? Democrats! They helped spread this crap thru "progressivism" which is another name for Slavery, which they never gave up. Thru Marxism, Democrats intend to usurp our U.S. Constitution and replace it with a Marxist system of government, to Enslave the Masses, Soviet style. I'm so sick of dumb ass people peddling Communism/Socialism and using Fascist tactics to spread their hate for America. You hate America so much, then please move to a Marxist state of your choice like Venezuela of even North Korea, just leave. Semper Fi

  22. You progressive are welcome to send the extra money you will end up with back to the government if you like. Oh and don't bother applying for those jobs that will be created just go collect your foods stamps and yell at the evil company's offering them.

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