Trump vs Harris Policy Thread - $10,000 PER KID FOR HOMESCHOOL $7,000 COST OF LIVING REDUCTION

[The Psychic Observer 297]

14 minutes ago, JuneJuly said:

I said "example simplified" and used a most basic example just to make sure we understood each other.  Note that the cost per ton is landed and contracts account for price fluctuations.  It's not a valid argument to say it's more complex than that while simultaneously stating that it "most assuredly" would result in anything.

We can leave it at you believe tariffs should only be a last resort and I believe they should be used to our full advantage.  

Do you support the Trump 10%+ tariff proposal?

[JuneJuly 192]

2 minutes ago, The Psychic Observer said:

Do you support the Trump 10%+ tariff proposal?

Link?  I don't see that specific in Agenda 47

Quote

Rebalance Trade: Our Trade deficit in goods has grown to over $1 Trillion Dollars a year. Republicans will support baseline Tariffs on Foreign made goods, pass the Trump Reciprocal Trade Act, and respond to unfair Trading practices. As Tariffs on Foreign Producers go up, Taxes on American Workers, Families, and Businesses can come down.

We shouldn't have a trade deficit, tariffs ought to at least be reciprocal and used where it's to our advantage.  I don't like the word "baseline" if that mean across the board.  It should be looked at more strategically.  

The very last sentence does however, dismiss the sales tax narrative.  Swapping one tax for the other would be smart if used to our advantage over China. 

[JuneJuly 192]

I was looking for this 10% quote, whatever it was and found this nugget from an economist:

Quote

"If you look at set of imports targeted by Trump in his presidency, it was maybe one-tenth of trade, and companies like Walmart might have spread out some of that pricing increase across goods, so it's really non-transparent,"

That's an example of smart and strategic.  If we can hurt China in specific sectors and where corporations spread the cost not absorbed by China to a few pennies across all their goods.... that's a good thing. In this example virtually all the tariff can be used to pay down US dept.

[The Psychic Observer 297]

7 minutes ago, JuneJuly said:

I was looking for this 10% quote, whatever it was and found this nugget from an economist:

That's an example of smart and strategic.  If we can hurt China in specific sectors and where corporations spread the cost not absorbed by China to a few pennies across all their goods.... that's a good thing. 

Did you find it?  He said it in a Tim Magazine interview.  He also said at a rally in North Carolina that it would be 20%, he said in Wisconsin we will be a tariff nation.  He's incorrectly said it will not be a cost to the consumer.

[JuneJuly 192]

2 minutes ago, The Psychic Observer said:

Did you find it?  He said it in a Tim Magazine interview.  He also said at a rally in North Carolina that it would be 20%, he said in Wisconsin we will be a tariff nation.  He's incorrectly said it will not be a cost to the consumer.

Trump says all kinds of stuff.  There isn't a percentage in Agenda 47.  It may or may not get passed down to the consumer, or offset by reduction in other taxes.  Our conversation that past couple hours illustrates that.

20% tariff across the board is dumb.  20% tariff across the board will result in a 20% sales tax is dumb.

[The Psychic Observer 297]

12 minutes ago, JuneJuly said:

Trump says all kinds of stuff.  There isn't a percentage in Agenda 47.  It may or may not get passed down to the consumer, or offset by reduction in other taxes.  Our conversation that past couple hours illustrates that.

20% tariff across the board is dumb.  20% tariff across the board will result in a 20% sales tax is dumb.

We can agree that a 10% or 20% across the board is dumb, Trump has said he would do this, Trump says dumb stuff.

I'm sure you can understand my concern.

[JuneJuly 192]

12 minutes ago, The Psychic Observer said:

We can agree that a 10% or 20% across the board is dumb, Trump has said he would do this, Trump says dumb stuff.

I'm sure you can understand my concern.

And I'll point you to my previous post where an economists seemed to agree the tariffs implemented in his first term were targeted and successful.  And Biden left them in place.

Actions > Words

Harris - "Trump sold us out on China".  Her administration left the tariffs in place.

I'm sure you can understand my concern.

 

[JuneJuly 192]

Huge new announcement.  No Taxes on Overtime

The worker's president.

 

 

[Strike 4,835]

5 hours ago, The Psychic Observer said:

Did you find it?  He said it in a Tim Magazine interview.  He also said at a rally in North Carolina that it would be 20%, he said in Wisconsin we will be a tariff nation.  He's incorrectly said it will not be a cost to the consumer.

The Tim's have a magazine now?  Damn!

[Tree of Knowledge 1,453]

55 minutes ago, JuneJuly said:

Huge new announcement.  No Taxes on Overtime

The worker's president.

 

 

Great news for workers.  Terrible news for accounting departments.  Ha.  

[Strike 4,835]

58 minutes ago, JuneJuly said:

Huge new announcement.  No Taxes on Overtime

The worker's president.

 

 

 

I don't consider this a good thing.   What is the case for not charging tax on overtime?  Sounds like just another giveaway to me trying to buy votes. 

[RaiderHaters Revenge 4,063]

10 minutes ago, Strike said:

 

I don't consider this a good thing.   What is the case for not charging tax on overtime?  Sounds like just another giveaway to me trying to buy votes. 

It allows people that work harder than the rest to get a little more back on their paychecks.  Of course I’m against most taxes anyways so 

don’t worry it won’t affect fry cooks 

[Strike 4,835]

5 minutes ago, RaiderHaters Revenge said:

It allows people that work harder than the rest to get a little more back on their paychecks.  Of course I’m against most taxes anyways so 

don’t worry it won’t affect fry cooks 

They don't work "harder."  They work longer.  What if someone doesn't get OT but needs extra cash so they work a 2nd job.  We need to quit picking winners and losers, especially when it comes to giving money away when we have a massive deficit.  Want to lower taxes?  Quit spending so much and lower the national debt.  Do you know how much money we waste just on interest on our national debt?  We could give everyone some money back if we lowered the debt. 

[RaiderHaters Revenge 4,063]

6 minutes ago, Strike said:

They don't work "harder."  They work longer.  What if someone doesn't get OT but needs extra cash so they work a 2nd job.  We need to quit picking winners and losers, especially when it comes to giving money away when we have a massive deficit.  Want to lower taxes?  Quit spending so much and lower the national debt.  Do you know how much money we waste just on interest on our national debt?  We could give everyone some money back if we lowered the debt. 

Well yes but that’s not an option. Nobody is lowering debt. And good point about two jobs.  Maybe over 40 hours is untaxed.  I’m all about middle class paying less and this is a good thing 

when I worked for the post office.  The ones who worked overtime absolutely worked harder.  They were hustlers 

[zsasz 343]

Trumps getting desperate. He's starting to giveaway more things than a Democrat!

 

File this, along with the deportation of 20M illegals,  in the "SNOWBALLS CHANCE IN HELL" folder.  

[Fireballer 2,607]

Nice.  I probably paid 8k in tax on OT last year

[JuneJuly 192]

26 minutes ago, Strike said:

They don't work "harder."  They work longer.  What if someone doesn't get OT but needs extra cash so they work a 2nd job.  We need to quit picking winners and losers, especially when it comes to giving money away when we have a massive deficit.  Want to lower taxes?  Quit spending so much and lower the national debt.  Do you know how much money we waste just on interest on our national debt?  We could give everyone some money back if we lowered the debt. 

Always going to be exceptions and what ifs, but, I think in general hard workers take jobs that require extra and long hours. 

Every single one of these campaign promises is to buy votes.  Nobody is saying hey here are the things I'm planning on doing that nobody cares about. 

[JuneJuly 192]

5 minutes ago, zsasz said:

File this, along with the deportation of 20M illegals,  in the "SNOWBALLS CHANCE IN HELL" folder.  

Way harder than removing tax on tips?

[zsasz 343]

Just now, JuneJuly said:

Way harder than removing tax on tips?

That ain't happening either...not going to get done under him or Harris.  

[seafoam1 2,569]

6 minutes ago, RaiderHaters Revenge said:

Well yes but that’s not an option. Nobody is lowering debt. And good point about two jobs.  Maybe over 40 hours is untaxed.  I’m all about middle class paying less and this is a good thing 

when I worked for the post office.  The ones who worked overtime absolutely worked harder.  They were hustlers 

That's funny. You are so correct.  I retired last year and got bored of not working. So I got interested into getting hired as a mail carrier since last November. I really took my time. Wanted to not travel weekly for work and not sit behind a computer screen anymore at client sites in other states.

Went through all the shlt and now work as a rural carrier. RCA. Love it. No CCA for me as I don't need the heavy load. I don't want to work A LOT but am willing to work when they need it. They know I am not looking to be a regular and I will go in almost anytime they call. I work as hard as the regulars do (when I do get the calls scheduled to work) but I do see many of the people there have been working a million hours forever. I can appreciate the effort they put in. Oh hell, I've been working my whole life and I have noticed not everyone does the same when it comes to just working hard for a living. Love the post office in a way. It might be that it's just a massive difference than what I did for a living. 

 

 

 

[seafoam1 2,569]

7 minutes ago, zsasz said:

Trumps getting desperate.

Oh boy. zazzy's opinions on Trump are so unique from what he usually posts. 

[RaiderHaters Revenge 4,063]

11 minutes ago, seafoam1 said:

That's funny. You are so correct.  I retired last year and got bored of not working. So I got interested into getting hired as a mail carrier since last November. I really took my time. Wanted to not travel weekly for work and not sit behind a computer screen anymore at client sites in other states.

Went through all the shlt and now work as a rural carrier. RCA. Love it. No CCA for me as I don't need the heavy load. I don't want to work A LOT but am willing to work when they need it. They know I am not looking to be a regular and I will go in almost anytime they call. I work as hard as the regulars do (when I do get the calls scheduled to work) but I do see many of the people there have been working a million hours forever. I can appreciate the effort they put in. Oh hell, I've been working my whole life and I have noticed not everyone does the same when it comes to just working hard for a living. Love the post office in a way. It might be that it's just a massive difference than what I did for a living. 

 

 

 

Awesome. I loved my time there. I just couldn’t do it as a cca with a 6 year old going thru a divorce.  Averaged 65 hours a week though 

[squistion 1,679]

Yeah, so let's eliminate taxes on the last 20 hours after you have already worked 40. Who wouldn't change their vote to Trump on that? 

[JuneJuly 192]

5 minutes ago, squistion said:

Yeah, so let's eliminate taxes on the last 20 hours after you have already worked 40. Who wouldn't change their vote to Trump on that? 

Can you elaborate?  I'm not getting your point.

It would be very appealing to anyone who regularly works overtime.   Obviously.  Same for those who regularly work for tips if tips weren't to be taxed. 

[Hardcore troubadour 14,214]

I like it. I think of it like capital gains for workers. 

[purdygood 306]

5 minutes ago, Hardcore troubadour said:

I like it. I think of it like capital gains for workers. 

I have not been part of this back and forth. But why do taxes have to be so intricate?    Let's all throw a Boston (American) Tea Party to protest waste on over taxation!    But don't wear a wierd horned helmet and smear poop on the Capital building.  I mean. Those Janitors work hard. And those cops dont need to be beat by Confederate flags. But yeah im down for lower taxes!

[seafoam1 2,569]

27 minutes ago, RaiderHaters Revenge said:

Awesome. I loved my time there. I just couldn’t do it as a cca with a 6 year old going thru a divorce.  Averaged 65 hours a week though 

I couldn't imagine. Maybe when I was 22 years old and had that as my only work and no other responsibilities. Easy peasy to manage cause you have no other things to do but work 70 hours a week. But with a wife and kid or other family obligations off and on. That's rough. It's a life choice I guess. I mean, what am I talking about? I lived in Marriott hotels 4 days a week for 48 weeks a year for 15 of my 21 years in consulting.

We do what we have to. 

[RaiderHaters Revenge 4,063]

3 hours ago, seafoam1 said:

I couldn't imagine. Maybe when I was 22 years old and had that as my only work and no other responsibilities. Easy peasy to manage cause you have no other things to do but work 70 hours a week. But with a wife and kid or other family obligations off and on. That's rough. It's a life choice I guess. I mean, what am I talking about? I lived in Marriott hotels 4 days a week for 48 weeks a year for 15 of my 21 years in consulting.

We do what we have to. 

yep its one of those things that I wish I started right out of high school

 

I could have retired with great pension and making 6 figures easily doing something I really liked, I was approx 8 years away from regular, and started when I was 43

[RaiderHaters Revenge 4,063]

so I support

 

no taxes on tips

no taxes on overtime

no taxes on SS

 

I think all of those are great, I would always rather have people with more money than the govt spending it, when they have shown they have no idea how to spend anyways

[JuneJuly 192]

9 hours ago, RaiderHaters Revenge said:

so I support

 

no taxes on tips

no taxes on overtime

no taxes on SS

 

I think all of those are great, I would always rather have people with more money than the govt spending it, when they have shown they have no idea how to spend anyways

100% agree, and I'd never benefit from the first two.  Much better than "Tax millionaires and billionaires".  That's what they kept saying with Build Back Better that would have closed "loopholes" and effectively taxed the middle class.  Then can you imagine 28%, or whatever it was, tax on unrealized capital gains?  As Kevin O'Leary said, that would completely destroy America's #1 export - The American Dream. 

[Sean Mooney 1,815]

In theory no taxes on OT sounds good. In practice there are some issues with it:

- it's going to create a lot more overhead for employers and the IRS because there will need to be more time put into figuring out the logistics of it all which carries a cost. It will effect places especially that do things like shift differential pay, commissions, etc

- it cherry picks winners and losers here as single parents or younger families don't have the ability to necessarily work longer hours and thus would not get the benefit. Additionally, they are the ones who need to biggest tax cuts probably.

- I think it will lead to initial wages at a company stagnating and takes some power that employees have right now and gives it back to employers. The latter will be able to stagnate wages with the carrot of un taxed income after 40 hours.

- France tried this and it didn't really do anything. 

However, much like student loan promises and all that though I understand the role pandering has to the general voting public. 

[JuneJuly 192]

2 hours ago, Sean Mooney said:

In theory no taxes on OT sounds good. In practice there are some issues with it:

- it's going to create a lot more overhead for employers and the IRS because there will need to be more time put into figuring out the logistics of it all which carries a cost. It will effect places especially that do things like shift differential pay, commissions, etc

- it cherry picks winners and losers here as single parents or younger families don't have the ability to necessarily work longer hours and thus would not get the benefit. Additionally, they are the ones who need to biggest tax cuts probably.

- I think it will lead to initial wages at a company stagnating and takes some power that employees have right now and gives it back to employers. The latter will be able to stagnate wages with the carrot of un taxed income after 40 hours.

- France tried this and it didn't really do anything. 

However, much like student loan promises and all that though I understand the role pandering has to the general voting public. 

- Hogwash, there are changes made to the tax code all the time, every single year.  It's a couple inputs in the payroll system and a couple inputs into turbo tax.

- There are always going to be what ifs, winners and losers.  By far the hard workers are the ones that work long hours.  Don't have kids if you can't afford them.

- Companies pay the full hourly amount regardless of how much tax is taken out and for the most part try to avoid overtime. None issue.

- France, lol

[JuneJuly 192]

Trump vows to cap credit card interest rates to 10%.

[JuneJuly 192]

Promises to restore SALT deduction. 

[The Real timschochet 5,253]

4 minutes ago, JuneJuly said:

Trump vows to cap credit card interest rates to 10%.

I actually don’t mind this idea. In theory. Though it will never happen because he doesn’t have that power and Congress won’t agree. 

But it’s still amusing to hear conservatives continue to attack Harris for interfering with the free market while ignoring Trump proposals to do the same. 

[The Real timschochet 5,253]

8 minutes ago, JuneJuly said:

Promises to restore SALT deduction. 

Another good idea. Of course he doesn’t mention that it was Trump who put these in in the first place as a means to punish blue states, particularly New York and California. 

[HotRod 35]

10 minutes ago, JuneJuly said:

Trump vows to cap credit card interest rates to 10%.

This sounds good but I don't know how it works.  How do you put a cap on this?  What if credit card companies simply stop giving out credit because it's not profitable anymore?

Unintended consequences.

[JuneJuly 192]

2 minutes ago, HotRod said:

This sounds good but I don't know how it works.  How do you put a cap on this?  What if credit card companies simply stop giving out credit because it's not profitable anymore?

Unintended consequences.

You pass legislation that makes it illegal to charge more than 10%.  There are lots of businesses that run on less than 10% margin, if they need to offset implementation costs I assume they'd just make it up elsewhere, for example less CC rewards.

[Fnord 1,686]

5 minutes ago, HotRod said:

This sounds good but I don't know how it works.  How do you put a cap on this?  What if credit card companies simply stop giving out credit because it's not profitable anymore?

Unintended consequences.

Or irresponsible cardholders run up even more debt due to interest decreases. Not sure if this is a good idea or not. Won't affect me either way.

[JuneJuly 192]

12 minutes ago, The Real timschochet said:

Though it will never happen because he doesn’t have that power and Congress won’t agree. 

Hint: 90% of any of these campaign promises will never come to fruition.  Just like Kamala's 45% capital gains tax and 25% unrealized gains tax will hopefully never see the light of day.  But it is what they stand for and if there is any chance at all the choice is pretty clear when it comes to tax policy.