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Schneed10 · 12-20-2017, 05:00 PM

Seriously guys, I am not pushing an agenda here, but you all really need to take a hard look at your news sources. CNBC's headline says losing this personal exemption is going to hurt, and then in the article they turn around and give an example of a family of 4 making $75K will see taxes going down by $2100.

They fail to explain that the loss of the personal exemption is more than offset by the reduction in the tax brackets and the pickup of the family tax credit.

75-80% of Americans will pay LESS taxes under this bill. You can argue with the merits of giving bigger breaks to corporations, or bigger breaks to the wealthy, and that's all fine. But when the news sources you're using don't even deal in even-handed facts, your opinions are colored.

That's why both I, and Paul Ryan, are extremely confident that American approval of this bill is going to go up the second your first paycheck comes through.

"Oh, you mean I got a raise? Why did CNBC say I would feel the loss of the personal exemption?"

Because they're full of shit. Don't read them.

12-20-2017, 05:00 PM	#60
Schneed10 A Dude Join Date: Feb 2005 Location: Newtown Square, PA Age: 46 Posts: 12,458	Re: Tax bill Seriously guys, I am not pushing an agenda here, but you all really need to take a hard look at your news sources. CNBC's headline says losing this personal exemption is going to hurt, and then in the article they turn around and give an example of a family of 4 making $75K will see taxes going down by $2100. They fail to explain that the loss of the personal exemption is more than offset by the reduction in the tax brackets and the pickup of the family tax credit. 75-80% of Americans will pay LESS taxes under this bill. You can argue with the merits of giving bigger breaks to corporations, or bigger breaks to the wealthy, and that's all fine. But when the news sources you're using don't even deal in even-handed facts, your opinions are colored. That's why both I, and Paul Ryan, are extremely confident that American approval of this bill is going to go up the second your first paycheck comes through. "Oh, you mean I got a raise? Why did CNBC say I would feel the loss of the personal exemption?" Because they're full of shit. Don't read them. __________________ God made certain people to play football. He was one of them.