Posted on 11/27/2017 7:05:52 PM PST by E. Pluribus Unum
One of the fundamental problems in Washington is the attitude that the money that people make belongs to the government. That’s why you hear arguments about how much a tax cut “costs,” or big government advocates disingenuously and breathlessly complaining about the people who pay taxes getting a tax cut.
I believe it is the other way around. Our default position should be that the money you earn belongs to you, and government has to justify why it should take it from you.
Currently, there are at least 97 different federal taxes. The tax code that instructs people how they must hand over their hard-earned money to government spans some 74,000-plus pages.
This is absurd, and so is the fact that government will collect over $3 trillion from taxpayers next year but still is not satisfied.
(Excerpt) Read more at foxnews.com ...
He’s afraid of getting the $hit kicked out of him.
Sorry, but no. This thing is likely to blow up the national debt. We used to be the party of fiscal responsibility while the Rats loved to tax and spend. Now we have become the party of borrow and spend. I for one am not prepared to assume anymore debt on behalf of our kids and grandchildren. Enough. No more debt. Not one cent.
Good article.
The debt train has long left the station. Neither Party is capable of reducing it. It’s just robbing the corpse at this point. We’ll hit $30 trillion in my lifetime, and it will keep going up until the collapse. All Empires fall.
“One of the fundamental problems in Washington is the attitude that the money that people make belongs to the government.”
There are dozens, if not hundreds of Freepers who are lamenting the Feds “subsidizing” the blue states...even thinking they, themselves are “subsidizing” blue states because taxpayers in those states want to keep more of their own damn money.
Because, if a blue state taxpayer pays less, a red state taxpayer has to make up the difference.
Really sick, jealous sh!t.
Collectivists on both sides of the aisle - “the swamp”
I’m thinking that one-on-one time with Potus was beneficial. Rand will like being a winner instead of the perpetual spoiler.
I’m not as sure as you are. Though I’m going to give them at least the benefit here. If Trump does reform of Welfare, SNAP, and all the easy fluff, that’s big savings. But if this is nothing but a corporate give me, it will be very hard to quantify. Though look at the growth, if CBO used a projection based on the current growth we are seeing it would be a net positive on its own. I believe they are using a 2% we are likely to see double that in at least the first 2 years while corporations adjust bring back investment capital, and start building. I know I’m waiting for a special one-time dividend from Apple, and if it’s where I am projecting it, that could mean I’m willing to build a new home with it and take the hit now while taxes will be lower, that’s a lot of workers building.
Who knows, but I know it’s not as bad as one side is saying, and it’s not as good as the other... but I’d be happy right in the middle! :)
My secret Christmas wish, is that the Repubs will put in a no tax increase for anyone... Everyone deserves a tax cut. I’m tired of the games of vilifying high income earners. Many of us who live in suburban Virginia will certainly feel that, where 2 income earner families can easily gross 300-350k and while we live well, we don’t deserve our taxes to increase.
I suppose while I’m wishing, I’d hope that they remove the penalty for choosing a stay-at-home parent and allow the brackets to be the same regardless of marital status.
toss in unfunded liabilities and we are way way way past 30 trillion..
Whatever happened to the idea of shrinking the government?
Also not getting rid of the communist judges and federal apparatchiks that use threats of violence and intimidation to enforce their unconstitutional tyranny whenever Trump issues an EO.
Never mind doing something about the $6,800 deductible on most peoples medical insurance that used to be $500.
Bottom line is that it is DC and the oligarchy in an unholy alliance with the CPUSA against the MIDDLE CLASS SUCKERS who work and ACTUALLY PAY INCOME TAX, who are about to get their deductions wiped out to cover a shortfall of 250 billion max if the corporate rate is cut to 20%, against anticipated revenues of 3.5 TRILLION.
So the corporate tax rate can be cut with minimal effect on the deficit, so why are the GOLDMAN SACHS BANKSTERS so HELL BENT on wiping out deductions that have been in place since the UNCONSTITUTIONAL INCOME TAX was put in courtesy of women being given the vote?
Because they can now raise rates in perpetuity and there's no way to mitigate the hit, deductions are GONE.
This is GRUBER and OBAMACARE all over again.
Tax cuts don’t add a penny to the debt. Spending does. Tax cuts simply keep money in the hands of Americans who earned it. Tax cuts are about freedom.
If I live in a high rent apartment building, I shouldn’t be expected to pay less for my groceries. Citizens in high tax states need to take it up with their governors and state legislatures.
Tax counts that are not paired with spending cuts most definitely add to the national debt. Debt is never about freedom. It is a specie of slavery.
(Over)spending is the problem. Tax cuts are never a problem.
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