Posted on 11/21/2019 2:14:54 PM PST by Tolerance Sucks Rocks
America needs a bold agenda to solidify the current economic expansion and return hard-earned money to taxpayers.
That runs counter to the consensus of those on the left, who want large increases in federal spending and dramatic tax increases to pay for them. Their plans are so expansive that it will require both middle-class payroll tax hikes and broad new taxes on American savers, investors, and employers.
Opposing that growth-killing agenda isn’t enough. Conservatives need to draw a stark contrast and push for a second round of tax relief that will let workers keep more of their money, make it easier to save and invest through a universal savings account, and remove the remaining barriers to business investment.
Lower taxes and reduced red tape have helped fuel a middle-class boom. Wages are growing for Americans at every income level—especially among the lowest-income workers. Jobs are plentiful, unemployment is consistently low, and workers are more satisfied and more secure in their jobs than they have been in decades.
But if Congress and President Donald Trump really want to lock in prosperity, they must pursue both lower taxes and smaller government.
Unfortunately, Congress paired the 2017 tax cuts with increased spending. The cuts sparked growth, the spending sparked debt.
Last year, economic growth helped increase federal tax collections by 4%, but spending increased by 8%. That’s a problem.
Tax Reform 2.0 must make the 2017 changes permanent and establish credible, offsetting spending reforms. Each dollar that Washington stops wasting can be plowed into deeper income tax cuts for all taxpaying Americans.
(Excerpt) Read more at dailysignal.com ...
PING!
America needs to drive the left out of public life once and for all.
It isn't jus the left it also our rino traitor quisling scum of the country club that runs the Republican party. They are open borders, They allow the left to dominate the media because they are to chap to buy their own. The Judges they appoint fail to defend the constitution from liberal encroachment. They are feckless, duplicitous and treacherous and I think they really need to pay more taxes if they won't grow some. And of course the wealthy “socialists” who control the Dems should pay more as well. I used to think that lowering taxes on the rich was a way to fight socialism now I think raising taxes maybe the best way to stop the juggernaut of lib elites from gaining complete control.
“It isn’t jus the left it also our rino traitor quisling scum of the country club that runs the Republican party.”
I count them among the left, and so did Robert Bork.
Last year, economic growth helped increase federal tax collections by 4%, but spending increased by 8%. That’s a problem.
Tax Reform 2.0 must make the 2017 changes permanent and establish credible, offsetting spending reforms.
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Agree !00% about making the tax changes permanent. But it won’t happen until 2021 when (hopefully) Nancy Pelosi and the DemocRATS won’t be the House majority and will no longer be able to block it.
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