It is that time again…the lies about taxes.
It is NOT TAX REFORM!
The pretend that it is some sort of tax reform when it is nothing more than a tax cut…..and as usual for the wealthy…..cut it any way you choose…..it benefits no one but the rich.
Not even all the Repubs are down with this insanity…..
The vague tax reform promises that Donald Trump put forward during his presidential campaign have finally been turned into concrete measures. Republican senators and their House counterparts recently released their respective proposals to simplify the cumbersome American tax system. Once both bills are passed, a conference committee will be assembled to work out a final piece of legislation.
This procedure, which might seem a mere formality due to the majority that Republicans hold in both chambers, will face some challenges along the way. First, it doesn’t seem likely that a final bill will be ready by the end of the year as promised by President Trump. After all, the House and Senate proposals differ substantially and reaching an agreement will be a complex and lengthy task. In addition, the so-called Byrd Rule prevents senators from passing legislation that increases the budget deficit by more than $1.5 trillion over a 10-year period, and the estimates undertaken so far seem to exceed this number.
Okay but what would a “good” cut package look like?
No matter our politics, most Americans have a beef with taxes. And it’s no wonder.
Working class Americans pay a much greater share of their income than the wealthiest Americans, who get away with exploiting tax loopholes and paying less than their fair share to support public projects and government programs.
Our system is rigged to favor the richest, so tax reform is key to un-rigging the economy. But the latest GOP tax plan is a slimy wet kiss for the wealthiest Americans.
I have written many times my ideas for tax reform and my ideas are truly tax reform…..(you want to know them then type in”taxation” in the search and hit enter)….
One last thing….I heard a tax accountant say that if this passes then the average working stiff would take home about 20 cents a day….in case your math sucks….that is about a dollar a week or 4 dollars a month or $48 a year…..
The House tax bill is an all-out attack on the future prosperity of America, not that any of the major news organizations are telling you that in plain English. Lost in the dense bureaucratic language of modern news reports is the simple fact that the House bill takes from striving students so that the already rich and major corporations can have more.
This bill is a long-term disaster in terms of what economists call opportunity costs. That term refers to a benefit that a person could have received, but gave up, to take another course of action. This tax bill gives up the future wealth from investing in brainpower in favor of permanent tax cuts for the already rich and corporations.
Read more and more…….
Any American, a working stiff, that falls for these lies deserves the screwing that is coming….
There is a historic perspective (you knew it was coming) to all this………
Average Americans today face political elites hellbent on a tax ‘reform’ that funnels new fortunes to the already fortunate. Back in 1932, average Americans faced the same scenario—and dealt the political elites a history-shifting defeat.
The Earth doesn’t quite shake when lawmakers in Washington, D.C. take one of their periodic votes on tax “reform.” But sometimes history does turn, and this coming week’s expected vote on the Senate version of the GOP tax plan could be one of those rare times that history actually turns for the better.
WE can beat this bullsh*t but it will take work….so let’s get busy.