Honestly, I doubt Trump is even aware of the shit package the Republican Congress is about to deliver to him.
The Republican Congress will raise taxes on as many as they need to so that they can drop the corporate rate, reduce taxes to those below $75k and double the EITC.
They have completely abandoned the Laffer curve and now believe they have to “pay” for cuts anywhere.
At this point I am resigned to my taxes going up. And also resigned to spending the rest of my life fighting Republicans. Trying to ensure none are ever elected again.
I think he is aware, but at this point he is desperate for a "win" - any "win." I feel for Trump, because he is not the guy writing the legislation. All he can do is lobby, and sign it. But he has to signal what he will, or will not, allow. And he is allowing massive tax hikes on many in the middle class. That, to me, is a betrayal.
The Republican Congress will raise taxes on as many as they need to so that they can drop the corporate rate, reduce taxes to those below $75k and double the EITC.
All true.
They have completely abandoned the Laffer curve and now believe they have to “pay” for cuts anywhere.
Also true.
At this point I am resigned to my taxes going up.
I am at the same point. This is going to be a big slap on the face for many taxpayers. The irony is that most of them have no idea what is coming their way.
I know we are supposed to hate him now, but Senator Sasse basically announced yesterday that President Trump really doesn’t care about any of the details in pretty much any of the bills that are passed.
He wants to sign something that he can call the biggest tax cut in history.
It’s pretty clear now that it’s the corporate rate that everyone cares about, and the trick is how to make that cut revenue neutral so it can be passed via reconciliation.