How To Survive The Coming Post-Tax-Cut Apocalypse!

It’s the DIY “How to Survive The Coming Tax-Cut Apocalypse” edition of the podcast, with special guests Nancy Pelosi and Elizabeth Warren. This is Armageddon, folks!

Media liberals have discovered that while they were whining, Donald Trump was winning

Plus, believe it or not, Republicans may have discovered how to turn tax cuts into smart politics

And your nominees for the most annoying phrase of 2017.

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Published in: Domestic Policy

There are 3 comments.

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  1. Arahant Member

    Did you notice how often your guest just said (and started sentences/answers with) “So…”

    When people used to say, “So…” the standard response I always heard was, “…buttons on your underwear.”

    • #1
    • December 20, 2017, at 5:57 AM PST
    • 1 like
  2. Ever Thus to Deadbeats Inactive

    I don’t have a problem with “no problem” as a response to thank you. It’s equivalent to “de nada” which is the standard response in Spanish (and which has equivalents in many other languages).

    Like you, Michael, I can’t stand it when people use “begs the question” when they really mean “raises the question” because they have no idea what question begging is.

    • #2
    • December 20, 2017, at 9:02 AM PST
    • 3 likes
  3. milkchaser Member
    milkchaserJoined in the first year of Ricochet Ricochet Charter Member

    Sen Warren’s claim that this bill actually raises taxes on middle-class Americans might be related to the notion that the increased child tax credit is not indexed for inflation, but this credit and the increased standard deduction, supposedly replaces exemptions for children that were indexed. The claim is that, taking inflation into account over 10 years, the difference between the benefit of the indexed exemption and the unindexed child tax credit will end up costing middle-class taxpayers $400/year in the 10th year.

    That claim makes no sense to me unless inflation rate rises by a huge amount. The exemption is a reduction of income, not a credit.

    I calculate the benefit of a $4,050 exemption for the 15% tax bracket to be $60.75/year. Compounded once per year with a 4% inflation rate yields a total 10-year benefit of about $760. The benefit of 10 years of $1,000 tax credit is $10,000. I guess I don’t get how the child exemption is better than the child tax credit. And the inflation rate is probably not going to be 4%/year.

    • #3
    • December 20, 2017, at 12:51 PM PST
    • 1 like