Displaying 21 - 30 of 214 Forum PostsPrev 1 2 3 4 5 Next
  • Oct 03, 2017 02:33 PM
    Last: 16d
    296

    Congressional Republicans released their long awaited blueprint for an overhaul of the tax system and, not surprisingly, there are some winners and losers. While it's still very early in the process, the plan as written would be the first major rewrite of the tax code since the early days of the Bush Administration.

    The proposal suggests narrowing down the tax brackets into three categories, four less than the current seven brackets. The poorest Americans would see an increase from 10% to 12% while the wealthiest Americans would see a decrease from 39.6% to 35%. The plan currently doesn't stipulate what the income limits are for each of the three proposed brackets of 12%, 25%, and 35%.

    The business tax rate would drop dramatically from 35% to 20% while also getting rid of many deductions business take advantage of.

    Other things in the initial blueprint foresee a larger standard deduction for individuals while getting rid of many popular deductions at the same time. It would also repeal the Alternative Minimum Tax (AMT) and the Estate Tax - two taxes that the only the wealthiest Americans pay.

    Republicans have not explained how they intend to pay for the proposal, which would certainly add billions of dollars to both the debt and deficit, which will be a test to see if Republicans truly care about those two or if they simply used them as talking points during the Obama era.

    As I said earlier, we're still in the very beginning stages of negotiations, but this plan or one similar to it stands a very good chance of passing the Republican Congress.

    Is anyone paying attention to the negotiations? If so, what do you think of the proposal as it's currently written?

  • Aug 27, 2017 02:38 PM
    Last: 1mo
    7.8k
    My hope is to be able to wait as long as possible to take mine, but I still have many more years of work before I can even consider it. My parents are both recently retired though and they are both waiting until 70 to begin collecting.
  • Aug 05, 2017 08:23 PM
    Last: 2mo
    1.6k

    Have you tried calling your insurance provider? They can usually explain what is or isn't covered.

  • Mar 07, 2017 01:57 PM
    Last: 3mo
    3.2k
    Well it looks like the Republican plan to repeal and replace Obamacare is dead for now. More than enough Republicans came out against Senator McConnell's latest bill and the Kentucky Republican has now said that he's going to move on to other items on the legislative agenda.
  • Jun 24, 2017 08:18 AM
    Last: 4mo
    4.6k
    That's a good question. I would recommend getting in touch with someone at the Social Security Administration and I'm sure they will be able to help.
  • Mar 07, 2017 01:57 PM
    Last: 3mo
    3.2k

    Senate Republicans finally released their long awaited bill to repeal and replace Obamacare, capping off months of secret negotiations between a group of Republican Senators. Leader McConnell vows to have a vote on the bill before the July 4th recess.

    Four Republican Senators have already voiced some disapproval of the bill, which is more than enough to sink the bill entirely. But those Senators may eventually be swayed if Republican leadership makes some minor modifications to the bill.

    If the Senate is able to pass the bill then it will go back to the House. If the House then is able to pass it without modifications then it will go to the President for his signature.

    Anything can happen between now and final passage, but this is the closest the Republicans have come to repealing Obamacare.

  • Mar 07, 2017 01:57 PM
    Last: 3mo
    3.2k
    Max Wrote: It appears that Senate Republicans are a lot closer to an agreement than a lot of people thought. It's shocking how low on the radar this is in the media considering it is something that will directly affect tens of millions of peoples healthcare.

    I've been following it very closely and it looks like this week or next are going to be critical.

    It's anyone's guess whether the Republicans will be able to muster 51 votes (or 50 with VP Pence casting the tie breaker), but it is surely going to be close either way.

  • May 18, 2017 04:11 PM
    Last: 26d
    15k
    I would also recommend contacting the Social Security Administration and asking them what your best options are.
  • Jun 11, 2017 10:47 AM
    Last: 4mo
    7.8k
    That's a great video explaining a pretty confusing topic.
  • May 31, 2017 06:01 PM
    Last: 2mo
    2.7k

    I honestly can't believe the Administration even put this out. There is little to zero chance of this being enacted and it seems to go against everything he promised on the campaign trail to help the most downtrodden among us.