“Conservatives,” meaning Republicans, block Trump’s One Big Beautiful Bill. 😲

Gunny46

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The child tax credit as I understand it simply expands the existing 1000.00 child tax deduction parents can claim on their taxes. It essentially lowers your taxable income if you have children. The savings component is a way for parents to set aside money for expenses like education, without being taxed on their earnings. It's similar to a Roth IRA, where the taxes are deferred until or unless you withdraw the savings.

This is why the controlled opposition on here is crying.


 

Gunny46

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The child tax credit as I understand it simply expands the existing 1000.00 child tax deduction parents can claim on their taxes. It essentially lowers your taxable income if you have children. The savings component is a way for parents to set aside money for expenses like education, without being taxed on their earnings. It's similar to a Roth IRA, where the taxes are deferred until or unless you withdraw the savings.

This is why the controlled opposition on here is crying. They are using the reconciliation process so the Democrats can't filibuster the money needed to get rid of their voters and shock troops.



What is budget reconciliation?

Congress passed the Congressional Budget Act of 1974 to get a better overall grasp on how much money a greatly expanded federal government was spending each year. The newly created Budget Committees in each chamber would thereafter set a budgetary goal for the following years. As the Congressional Research Service put it, it’s usually “necessary to change existing revenue, direct spending, or debt limit laws to achieve those goals — to reconcile current law with the fiscal objectives of the budget.” Those changes get packaged together into a single budget reconciliation bill that must pass through both chambers before the president signs it into law.

What’s the advantage in using this process?

The biggest advantage comes in the Senate, where reconciliation bills are debated under a special rule set. The 20-hour time limit on debate means that the bill can’t be filibustered, effectively enabling it to pass with a simple majority vote. In practice, this means that reconciliation bills can be used to pass major legislation on a partisan basis if the same party controls both the House and the Senate.
 

atlkvb

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That's a good article simply outlining the process @Gunny46 ....the key will be what finally emerges from the reconciliation between the House and Senate versions. I posted yesterday this bill by no means is perfect, but there's enough good stuff in it that I think it will pass. Not everything everyone wanted is in it, however plenty of good things Trump wanted and the nation needs are in there. (tax cuts, border enforcement, school choice)

I'm a "yes" vote on it, despite some misgivings I have over some of the deficit spending. However the GOP needs credibility right now with skeptical voters & their slim majorities in both chambers. I think this bill buys them that credibility needed to make a serious run on entitlements before we have to negotiate another budget next year.

Entitlements are the biggest obstacles to a balanced budget, but in order to attack them with sorely needed reforms, Republicans need to pass this bill so voters can see their ideas do work. Tax cuts, lower energy prices, and reduced regulations (all in this bill) will jumpstart our economy and give the GOP authority to go beyond where this bill comes up short reducing our operating deficits.

It's good start, and I hope and Pray it passes.
 

roadtrasheer

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The child tax credit as I understand it simply expands the existing 1000.00 child tax deduction parents can claim on their taxes. It essentially lowers your taxable income if you have children. The savings component is a way for parents to set aside money for expenses like education, without being taxed on their earnings. It's similar to a Roth IRA, where the taxes are deferred until or unless you withdraw the savings.
So it's possible for those getting the child tax credit can get more back then they paid in ? ....see my point ? It's socialism and a way to buy voters with my money. I have no problem with the credit but getting back more than paid in is ******** and it's wrong on every level...... no different than paying for college loans .
 

atlkvb

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So it's possible for those getting the child tax credit can get more back then they paid in ? ....see my point ? It's socialism and a way to buy voters with my money. I have no problem with the credit but getting back more than paid in is ******** and it's wrong on every level...... no different than paying for college loans .
No, it just means they don't have to pay as much. A refund is an overpayment on taxes, not a direct cash transfer payment. Parents raising kids need any tax break they can get...food costs, day care, and if they're smart...paying for private schools instead of sending their precious skulls full of mush off to government indoctrination centers .... costs way more than this credit. However it helps.
 
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roadtrasheer

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No, it just means they don't have pay as much. A refund is an overpayment on taxes, not a direct cash transfer payment. Parents raising kids need any tax break they can get...food costs, day care, and if they're smart...paying for private schools instead of sending their precious skulls full of mush off to government indoctrination centers .... costs way more than this credit. However it helps.
No I believe they get that money even if they don't pay that much in . I have family who play the system and they work part-time part of the year to get several thousands back because they breed like rabbits and let government take care of them
 

atlkvb

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No I believe they get that money even if they don't pay that much in . I have family who play the system and they work part-time part of the year to get several thousands back because they breed like rabbits and let government take care of them
Well I can't speak to that scam...however anyone on a payroll (not paying their own taxes) pays withholding (ie: income taxes, and FICA taxes...social security & Medicare). That money is taken from their check before they even get it, and they have to file a return on that income by Law. If they paid more than they owe, they'll get a refund thanks to this credit.
 
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atlkvb

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Trump used Elon/DOGE to get elected. It's as simple as that.
I voted for Trump because of the out-of-control border, and crazy high prices for things like gasoline and eggs. Musk had nothing to do with it.
 
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roadtrasheer

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Well I can't speak to that scam...however anyone on a payroll (not paying their own taxes) pays income taxes, and FICA taxes (social security & Medicare). That money is taken from their check before they even get it, and they have to file a return on that income by Law. If they paid more than they owe, they'll get a refund thanks to this credit.
I understand how all that works . My point is if a person works at McDonald's part time for 6 months and have 6 kids the credit gives them the money, does not matter if they paid it in or not. I'm not against getting more back IF you paid it in. I remember when my kids was young, I couldn't afford bread for my peanut butter sammich and worked two jobs and any side work i could.
 

Gunny46

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Trump used Elon/DOGE to get elected. It's as simple as that.

Elon got DOGE up and running. It now continues under each department head. Your tribe bitched and complained Musk was really the President. Now that's been debunked you are crying he's not involved 24/7.

If I was you I would be thankful he's not suing you for inciting violence against him and Tesla that we all saw in other threads.
 

atlkvb

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I understand how all that works . My point is if a person works at McDonald's part time for 6 months and have 6 kids the credit gives them the money, does not matter if they paid it in or not. I'm not against getting more back IF you paid it in. I remember when my kids was young, I couldn't afford bread for my peanut butter sammich and worked two jobs and any side work i could.
Honestly, I know of no one with 6 kids and working part time at McDonald's who could even afford an apartment today (at least not here in Atlanta) let alone who could still make it on a measly 2500.00 per child tax payment. Six kids? 🫤

Seriously, the average apartment here is around 1750.00/month. A three or 4 bedroom setup will easily run you upwards of 2200 or more per month! The median income required to purchase a home here is well into six figures!

Good lord where do they live, in a mud hut?


 
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roadtrasheer

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Honestly, I know of no one with 6 kids and working part time at McDonald's who could even afford an apartment today (at least not here in Atlanta) let alone who could still make it on a measly 2500.00 per child tax payment. Six kids? 🫤

Seriously, the average apartment here is around 1500.00/month. A three or 4 bedroom setup will easily run you around 2200 or more per month!

Good lord where do they live, in a mud hut?
Lmao .. section 8 housing + foodstamps and medicaid. A liver flipper coming by to drop off another kid . It can be done .
It was a example but it can be done . I'm not against giving tax breaks but I am against giving back more than you pay in .
 

atlkvb

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Lmao .. section 8 housing + foodstamps and medicaid. A liver flipper coming by to drop off another kid . It can be done .
It was a example but it can be done . I'm not against giving tax breaks but I am against giving back more than you pay in .
Well, for the majority of hard working parents who hold full time jobs, and earn well above 15K a year (part time income @ around 15.00/hr for 20 hrs) this tax credit is much needed relief off the taxes they'd otherwise owe.
 

atlkvb

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Exactly! Dems have nothing better to offer and they don't give a rip if we're all paying more in taxes just so they can fund more transgendered sex change operations in Sudan through that phony USAID :rolleyes:

Pass this damn bill Republicans...OR ELSE!!!!!!!!
 

atlkvb

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Lmao .. section 8 housing + foodstamps and medicaid. A liver flipper coming by to drop off another kid . It can be done .
It was a example but it can be done . I'm not against giving tax breaks but I am against giving back more than you pay in .
You do realize inside this "big beautiful bill" are spending limits/reductions on food stamps (SNAP), & Medicaid? (work requirements) Not sure, but I also think inside HUD's budget authorization are cuts to subsidized housing vouchers. (Section 8). I know for a fact they're eliminating free housing subsidies for illegal aliens.
 

atlkvb

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Democrats, RINOs and "never Trump" haters want nothing more than to see this bill fail. Since they have nothing better to offer, they're feeding the opposition to it within GOP ranks just so they can hang a loss around Trump's neck. If this bill fails, they'll be more happy than most of us who want it to pass, despite what we know are its shortcomings.

This is nothing more than Trump's detractors trying another desperate, maniacal attempt to defeat him because they know how much of the rest of his overall agenda is represented in this bill. If they can stop him here, they figure maybe they can then find a way to get back into the game he's so far aced them out of. 😏

This bill should pass, and I predict it will pass, despite their best efforts to stop it.




Never thought you'd admit that Chuckie boy! :stuck_out_tongue_winking_eye:
 
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roadtrasheer

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You do realize inside this "big beautiful bill" are spending limits/reductions on food stamps (SNAP), & Medicaid? (work requirements) Not sure, but I also think inside HUD's budget authorization are cuts to subsidized housing vouchers. (Section 8). I know for a fact they're eliminating free housing subsidies for illegal aliens.
There is some good in this bill but I want it better. The old saying of 1/2 a loaf of bread is better than no loaf
 

atlkvb

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There is some good in this bill but I want it better. The old saying of 1/2 a loaf of bread is better than no loaf
Even Trump says it's not perfect....but he says "let's not have the perfect be an enemy for the good". Tax cuts alone are worth this bill passing. But as you said, there's plenty more to like about this bill...more than to dislike IMO.

Pass it GOP!
 
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Gunny46

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Bottom 50% doesn’t pay federal taxes. I guess we get to use it tax free before giving it back

Why do you think the Democrats voted against it? Looks like they hate the middle class. Are the pissed they are losing the working class voters? So this is revenge?
 

atlkvb

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Why do you think the Democrats voted against it? Looks like they hate the middle class.
If they could figure out a way to convince more brain dead voters who vote for them already, they'd tax it all and give you a stipend to live on.
 

Gunny46

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If they could figure out a way to convince more brain dead voters who vote for them already, they'd tax it all and give you a stipend to live on.

Communist control freaks. As I have warned numerous times. Never go full retard. Most of us don't mind a few programs to assist those that truly need a hand up. Unfortunately that's not what the far left wants.
 

atlkvb

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Communist control freaks. As I have warned numerous times. Never go full retard. Most of us don't mind a few programs to assist those that truly need a hand up. Unfortunately that's not what the far left wants.
"You will own nothing, and you will be happy"
is a phrase published by the World Economic Forum. The phrase is based on a 2016 essay by Ida Auken of Denmark, published by the WEF, about a future in which a hypothetical person relies on the sharing economy for many of their needs.

Communism:
is a sociopolitical, philosophical, and economic ideology within the socialist movement, whose goal is the creation of a socioeconomic order centered on common ownership of the means of production, distribution, and exchange that allocates products in society based on need. A communist society entails the absence of private property and social classes, and ultimately money

 
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Gunny46

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"You will own nothing, and you will be happy"
is a phrase published by the World Economic Forum. The phrase is based on a 2016 essay by Ida Auken of Denmark, published by the WEF, about a future in which a hypothetical person relies on the sharing economy for many of their needs.

Communism:
is a sociopolitical, philosophical, and economic ideology within the socialist movement, whose goal is the creation of a communist society, a socioeconomic order centered on common ownership of the means of production, distribution, and exchange that allocates products in society based on need. A communist society entails the absence of private property and social classes, and ultimately money


The members of the WEF can go pound sand. They want crony capitalism for themselves and like you said above. We get a stipend. It's no different than what the CCP has become. The leaders get wealthy and we get Communism.
 

atlkvb

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The members of the WEF can go pound sand.
They're nothing but a bunch of Leftist, Globalist, Atheist, Socialist, Communists. They hate America because we Worship God (Israel too) and they hate Trump because he Worships the same God and 100% supports Israel too.

(oh, almost forgot, they also hate us too because we support Trump)
 

Airport

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Why do you think the Democrats voted against it? Looks like they hate the middle class. Are the pissed they are losing the working class voters? So this is revenge?
Just stating a fact. Some people get more than they pay.
 

atlkvb

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Just stating a fact. Some people get more than they pay.
Everyone pays State and local sales taxes, which is taxed after our incomes, and some of us also pay State taxes on our incomes too! We also pay FICA taxes (no refunds) and for those of us lucky enough to own homes and/or automobiles... property and ad valorem taxes! Don't even ask about what you pay if you run/own a business, real estate, or have a significant investment portfolio. 😏

They're bleeding us dry.
 

Airport

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Everyone pays State and local sales taxes, which is taxed after our incomes, and some of us also pay State taxes on our incomes too! We also pay FICA taxes (no refunds) and for those of us lucky enough to own homes and/or automobiles... property and ad valorem taxes! Don't even ask about what you pay if you run/own a business, real estate, or have a significant investment portfolio. 😏

They're bleeding us dry.
Tax refunds from the feds have nothing to do with state taxes.I owned my own business for 40 years, I know how much in taxes i paid. That wasn't my point.
 

Airport

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Correct life isn't fair but you aren't going hungry anytime soon Mr Moneybags. Ask your wife for a bigger allowance.
It wasn't my point. I understand the optics of a tax cut but so many don't actually pay "income" taxes. Probably pay more in state taxes than federal after the refunds. Just a way to use their money interest free