Are you saving or spending more with the new chapter of the book?

[ua_guy]

Last time the tax cuts were to stick it to the blue states. Now if you listen to what he's said the SALT tax is looking to expire and he only want to extend the lower tax brackets and lower the corporate tax from 21% to 20%. And keeping the brackets lower than 39% to 37% and lower and expanding them helps blue states. The $750k mortgage interest deduction was a cap on the blue states but the increased standard deduction also made it so many people didn't even itemize anymore.

Personally the lower brackets that were tied to inflation has helped a lot. It's made the brackets bigger at a lower rate than before. And I can definitley see it being extended..

I don't really listen to what he says. It's the financial analysts, who really don't care about politics, they care about money, are all saying potentially tough times for the working man are ahead. Any potential tax breaks are going to be offset by increased prices.

[myrdale]

I fail to understand why people insist on continually throwing mud.

If I make a reply to this sort of nonsense then people are going to throw there hands in the air and say the post got political and the thread gets locked.

[disneysteve]

I fail to understand why people insist on continually throwing mud.

If I make a reply to this sort of nonsense then people are going to throw there hands in the air and say the post got political and the thread gets locked.

Agreed.

Folks, let's stick to discussing POLICY, not POLITICS. I've edited the posts.

[Drake3287]

You have to agree that policy or finances does include political issues at times. Hard to get around that one without silencing people. I do agree this site isn't for politics though.

[disneysteve]

You have to agree that policy or finances does include political issues at times. Hard to get around that one without silencing people. I do agree this site isn't for politics though.

But that doesn’t make it okay to make personal attacks on individual people, even the president. We can talk about things they say and do without insulting them. Just stick to discussing the issues, not the people.

[ua_guy]

But that doesn’t make it okay to make personal attacks on individual people, even the president. We can talk about things they say and do without insulting them. Just stick to discussing the issues, not the people.

It's an unfortunate double standard when the next "president" publicly attacks American citizens personally, but we're not allowed to even make humorous comments about him or his fiscal policies/lack thereof. I get it, forum rules, but I think they're dumb, and you or one of the other mods will have to ban me (and others--let's be fair) at some point.

Next time, I can leave the humorous comments out, but I think my point still firmly stands that the incoming "president" really doesn't have fiscal policy. If his prior 4 years in office are any indication, the fiscal policy and fiscal health of our nation follows whatever he decides to tweet that day. And that's not funny, it's true.

[disneysteve]

I agree with you on policy. The next administration will be horrible for the economy and wreck the great position that the current administration has built. Tariffs, trade wars, border closures, further attempts to dismantle the ACA, non-belief in science, and more will all be awful for the economy and the country in general. In 4 years we will all be way worse off, as we were after his first term. It’s going to be a long 4 years.

[QuarterMillionMan]

Wait a minute. Let's take your "border closures," how is that supposed to save us money. It's costing us an arm and a leg at $500 a night in hotels, free gift cards for food, iPhones, free flights to USA, free medical, school, etc. Illegals get treated better than our veterans.

[kork13]

Wait a minute. Let's take your "border closures," how is that supposed to save us money. It's costing us an arm and a leg at $500 a night in hotels, free gift cards for food, iPhones, free flights to USA, free medical, school, etc. Illegals get treated better than our veterans.

How much of that is federally funded vs. state/private programs? I don't follow this topic much, but I believe this type of stuff is mostly state funded... Whereas ICE mostly parks folks in barracks, dorms, or other institutional facilities pending determination or deportation.

The problem I foresee of trying to tightly restrict the common avenues of entry into the US is that desperate people will always find a way ... But those other ways often tend to be more dangerous, more costly, and less controllable (for both the individuals & the USG).

I'm not an expert on human migration or immigration, so I won't pretend to know the best answer here. But there's going to be a costly toll on state/federal/private resources (as well as a human/family toll) regardless of what any political administration tries to do.

[Tabs]

No changes in my active trades and certainly not my passive investments. It's a nice pop, but that doesn't mean the fundamentals has changed for me just yet.

[QuarterMillionMan]

In a nutshell no more wasteful spending will save me $$$ big time.

[ua_guy]

Yea, probably not... I fail to see how any of us save money when food and the price of all our goods skyrockets due to deporting immigrant labor and all these supposed tariffs that are going to make America great again. Mexico might look like a nice place to live by then. Or, that could all be wrong. Bookmarking this one to check in next year.

[disneysteve]

Proposed policies by the next administration, if enacted, will cost taxpayers way more money and balloon the debt. The great economy and responsible government spending will be a distant memory soon I fear.

[ua_guy]

Tank the economy, balloon the debt, give free money to all the hurting people like what happened with PPP loans and Covid stimulus, inflation explodes. And here we are, rinse/repeat?

[QuarterMillionMan]

Tariffs, I agree will add more inflation.