Today's Poll: Are you hoping the GOP tax plan passes?
A lot of no votes.
There's really only two areas of concern I have about the tax plan: it's potential to run up the deficit; and that individual tax cuts are temporary.
Deficits in and of themselves aren't bad, but the bigger they are the bigger the risk of a catastrophe.
Chances are, there will be the political will in a few years to continue the individual tax cuts. I don't see the doubling of the standard deduction going away, which is a good thing.
Nearly everybody should see a reduction in federal taxes for their 2018 tax bills, which is a good thing.
A lot of no votes, as well there should be...
The current administration and congress will use the grossly increased deficit to proclaim “we spend too much money”, and use that as an excuse to rip the safety net (that this country is easily wealthy enough to afford) away from those truly in need. (Please don’t bother responding with any sort of BS about “welfare queens” - you’ll just be showing your ignorance about the crapola Lee Atwater spewed)
They won’t even have to take any action to do this... there is already written into law rules that will strip many billions of dollars from Medicaid due to increased deficits. Quite the compassionate conservatives if you ask me.
The economy is solid, unemployment is low (~4%) and companies are flush with cash already. What do the republicans do? Instead of doing what they should do, which is raise taxes (at least temporarliy) to pay down the deficit they cut taxes drastically which will do what? It'll add $1.5 TRILLION to the national debt..
As Tim says, the next thing they'll say is "oh....there's too much debt, we have to cut these goddam entitlements". Sons of bitches....I cannot wait to vote in 2018.
Dave, if they would :Lock box" a tax increase to only go to debt payment, and not raise any other spending, you could make that case. But, all would have to pay, including the approx. 49% who do not pay federal income tax now. Pass a Federal Sales tax for debt reduction only, with a 10 year sunset law. Everyone pays.
too bad my SS wasn't in a lock box. they keep telling me it's going to run out. guess I'll find out soon enough. ......