This is what I expected.
Paul Ryan sucks! He is the worst. He is a failure. He is incompetent. HE NEEDS TO BE FIRED!
1. Abolition of private property in land and application of all rents of land to public purpose.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
http://www.wnd.com/2011/07/319117/
I’m not interested in anything these jackasses put forward.
They are going to have to be taught a harsh lesson in 2018.
Tax simplification. Trump undid all those complications (designed to bring in more taxes) that have been forced on us by every President since LBJ—not including the stuff pushed on us by Woodrow Wilson, Teddy Roosevelt, and FDR.
One purpose was more taxes. Another purpose was to encourage the states to raise more taxes and spend more money and become more reliant on the Feds. Yet another was to make it impossible for anyone to pay their taxes without making some error, so they could send in the helicopters and arrest us until we straighten it out—which is impossible.
Donald Trump gets it. But the RINOs and the DemonRats don’t like it—naturally.
Is this the guy who wanted Hillary to win?
The only worthy reform would be a flat (10%) tax or fair tax.
And it’d have to be coupled with major welfare state / spending reform.
THE GOP: mostly Leftist Light - less filling but tastes terrible.
Seems like hardly anyone likes this tax bill. Time to scuttle it and start fresh.
About the only thing it has in common with the goals President Trump set is that it’s a one page tax return form for most people. That doesn’t make it a good bill at all.
C’mon Ryan, McConnell, et al! You can and must do better. Don’t give the left ammunition to use against you! How self-defeating is that unless maybe that’s the goal.
Helping the middle class a little bit at the expense of the poor is a non starter.
The GOPe is terrified about Mitt Romney’s 47% who vote, but do not pay taxes. That’s why Paul Ryan proposes complicated deduction tricks that take money from your left pocket, to claim he’s putting money in your right pocket, instead of simple rate reductions for all.
Ditto with his half-azzed, complicated shell game Obamacare reform instead of simple repeal. And still there is no actual legislation on reducing big government, building the wall, or real military investment.
So we get a tax reform plan designed to be appealing to non-taxpayers.
It’s pathetic.
Levin, of course, would prefer to get nothing done. He ignores congressional reality and a 2 vote margin.
Politics is the art of the possible,
The Democrats have for decades taken what they could get, any tiny victory at a time, Levin and others don’t seem to realize that the mere fact of an (R) by the name doesn’t mean that person is in ideological lockstep with what he, and many here consider to be ‘True Republicanism’.
This is no longer Trump’s tax plan, it’s the swamp’s tax plan.
I knew it long ago, as soon as the politicians (and lobbyists) got their hands on it, not much would change. And lobbyists have been swarming DC for weeks trying to save their favorite deductions. I heard one senator interviewed who said he had 4 in his office at once.
I looked at what Trump handed them, what I’m hearing now barely resembles it. The swamp has given in to the lobbyists and democrats screaming “tax the rich”.
From what I see so far, the only ones who benefit will be the ones who already pay the lowest tax rates. Or nothing...which is not “the rich”...
I think it would he great if Trump were to veto the damn thing, tell them it’s not even close to what he wanted, start over.
Then the voters have to help him drain the swamp, by voting any and all incumbents out in 2018, and any slimeball who hasn’t supported Trump’s agenda...like McCain, Ryan, McConnell...oh hell I can’t think...
Levin still hates Trump and this is President Trump's tax proposal. He specifically does not want tax cuts for the 7 digit plus brackets {even though they pay the majority of the taxes}.
This package is aimed specifically creating jobs and giving the middle income families the ability to survive and thrive.
As a retired {high earner when working} person it does NOTHING FOR ME, but it is good for the country, because it is good for the working folks.
These Globalists are just Marxists in Gucci's
What is Ryan’s raison d’etre? What makes him tick? Does he want to be beloved by the popular kids? Does he have secrets, is he owned? What motivates this guy? I’d love to call him a weasel but he’s not good enough as a weasel. Weasels are decent animals.
Don’t get all wound up listening to the talking heads.
Tax reform is coming in two parts. This is part one.
It is very much a part of President Trump’s strategy that the top earners do not get a dime of tax break. This is to neuter the democrats. They had there entire machine warmed up to talk about how the tax bill would make Trump and his buddies richer at the expense of the middle class and poor.
The key to step one is to fire up the economy. Repatriation and business tax rate reduction will make that happen. Step two is to give the core of America and President Trump’s base a tax cut and simplification.
Firing up the economy will lead to success in the ‘18 elections and allow the President to go for a more substantial tax code reform that many have been discussing for years.
The best answer by the way is a combination of the Fair and Flat taxes. Where the Fair portion is only about 5% and can never, ever be raised. I would be collected by the states and sent to the Feds. It would not be on any of the key necessities, like food, medicine, housing, transportation, etc.
The Flat tax would be probably two rates at about 10% and 20% with a significant standard deduction.
Then everyone has at least a little skin in the game, including the underground economy but not so much that it is punitive. It is minimal in times of hardship and sufficient to fund the government in times of plenty.
All tax credits would be eliminated and non-tax related programs will be substituted to the desired effect. This is to stop the billions given away to illegals and others filing fake returns to get earned income tax credits, etc.
The problem is that Fed.gov, especially all its massive entitlements and debt, are on autopilot. NO ONE can talk about spending, which is the driver of everything.
So its left to everyone else to simply rearrange who pays what.
As far as I am concerned, I hope this phony tax reduction bill goes down to defeat. It is pure Ryan and RINO crap.
Help me to understand such nonsense as charitable contributions remaining a tax deduction but medical expenses would no longer be deductible. In other words voluntary contributions are OK but medical costs which are mandatory to maintain one’s health will no longer be OK?
We donate substantial money each year to charities, and we incur substantial medical bills each year. It seems totally illogical that a voluntary donation is OK but a necessary medical cost is not.
As a upper middle income household I have calculated that based upon the proposed changes, had they been in effect for 2016, our Federal income taxes would have been higher.
I know that more regulation runs against the small-government fiber. But if this money comes back, it should have strings attached. It should be required that it be spent for job creation and for higher wages for lower and middle income workers.
Otherwise, it'll be like the handouts to banks "too big to fail". They used the money to enhance already bloated income for their upper-tier employees and investors and to buy out smaller banks that were competing quite well with them. Without strings attached, what's to stop large corporations from buying out US competition and then shipping jobs overseas?