Posted on 09/30/2017 10:08:08 AM PDT by Kaslin
Some might argue this fact, but Republicans have one chance to salvage the loss of one of the greatest opportunities the Republican Party ever had. If they had decided to rally around President Donald Trump’s pro-job, pro-growth, America-first agenda of prosperity in the first 30 to 60 days of his presidency, things would be so much different for the American people.
If repealing and replacing Obamacare, working toward tax reform, crafting an infrastructure bill and passing a budget were priorities, Republicans would have gained and taken control of Washington, D.C., for a generation. So the question remains—is that opportunity gone?
Not quite. Republicans still have a chance to take all the credit for unleashing the American economy if they can pull their boots out of the muck of the swamp long enough to pass tax reform and a budget before Thanksgiving.
The tax plan as we know it seems to be a tax plan that Republicans can act on, if they don’t go into defensive mode and waste time defending themselves against the lies of the Left. It doesn’t seem like anyone has figured out that this is a not a good strategy. They seem to have no ability whatsoever to be able to stay on offense, and they haven’t figured out that it’s almost impossible to defend against lies and unsubstantiated, so-called ‘facts.’
If Republicans go on offense and explain to America this pro-jobs, pro-growth, pro-wages and pro-prosperity agenda for America and stop allowing the Left to frame the agenda for them, some Democrats coming up for re-election will have to support the tax cut plan.
One of the first things Republicans must do is to begin to rebuke the lies of the Left’s leadership. Understand that close to 75 percent of small business owners have adjusted gross incomes of less than $100,000 per year. And, by the way, small businesses make up 99 percent of employers in America. Small businesses employ just over 50 percent of all working people. Small business owners are the heartbeat of America and need to once again become a growing segment of our middle class. They are not the “1 percent,” as Democrats and mainstream media might have us believe.
This tax proposal will cut the small business tax rate to the lowest level in 80 years. Lawmakers must listen to the American people and understand how truly significant this is. If the American people realize the truth of what these cuts will mean for their businesses and their families, Democrats coming up for reelection will have little choice but to support the bill. (Perhaps that’s just my pipe dream, but I hope not.) Small business owners will be able to keep more of what they earn, which means those who want to grow will be able to do just that—grow.
Reducing the 35 percent federal income tax for corporate America to 20 percent will also help America compete with other countries. Allowing corporate America to bring back to the U.S. foreign earnings that could be as high as $4 trillion will create jobs, increase American wages, dramatically increase the tax base for many states and create an environment of prosperity.
Individuals will see more money in their pockets and watch their finances stabilize, as well as begin to understand that certainty about the future of taxes and regulatory burden is a very good thing. If passed, this tax plan will go a long way in instilling confidence and positive consumer sentiment. The standard deduction for a married couple making less than $24,000 will double, and singles making less than $12,000 per year will pay zero in federal taxes. Couple with that the increase of a $1,000-per-child tax credit and an increase in the income cap to take advantage of this credit. This, by the way, is a dollar-for-dollar credit on taxes owed, which will financially help families in real and tangible ways. And again, this is discretionary income for families who have a responsibility of providing for their children.
We need to encourage our legislators not to stray or waiver—not to get caught up in an agenda that the Left is desperately trying to frame in hopes that Republicans will stay on defense. The tax plan is a win for America. We must continue to remind lawmakers that we the people will be working hard to continue to drain the swamp and bring America back to greatness.
If this chance to pass tax relief is squandered, it will be a win for the swamp and lobbyists—the 4,000 men and women who represent the complexities of the tax code and those who profit from it.
The power to tax is the power to destroy, and regardless of whoever happens to be POTUS at the moment, the two political parties, and interests who finance them, will not relinquish that weapon without a fight.
“Allowing corporate America to bring back to the U.S. foreign earnings that could be as high as $4 trillion will create jobs”
I’m opposed to any form of federal tax cuts while spending is so out of control.
In fact, to fund the PPACA and other welfare state handouts, the tax on:
1. the upper middle class need to be raised by 50%
2. $1,000,000+ annual incomes doubled
Perhaps an annual share value tax of 2% of the shares of companies with liquid assets in excess of $1 billion could be levied on the domestic shareholders instead of handing out a massive tax giveaway to companies likely to create few new jobs in the USA.
We had a far broader type intangibles tax at a top 2% rate in Florida. Pennsylvania had an intangibles tax too when I filed my last Florida intangibles tax return.
“How Tax Relief Will Free Americans Financially”
Eliminating deductions for state and local taxes won’t get it done for the middle class!
If every person and every company pays significantly less tax our already ~$500 billion plus annual deficits will soar.
The Reagan tax cut was enacted during a bad recession, so economic growth was readily possible.
Most people holding the $20 trillion in our debt will get stiffed.
Do we want to stiff people for $30 trillion? $40 trillion?
We’ll hit $40 trillion in my lifetime. Things aren’t going to get fixed, they’re going to crash. What arises out of the rubble is anybody’s guess.
There will be no tax reform this year. They will say they tried but ran out of time. The RINOs don’t want tax reform.
No one is talking about SPENDING and the massive welfare-warfare crony capitalist nanny state.
Fix that first.
How will tax reform help the retired, does anyone know?
The plan on the table would benefit the retired, especially in terms of investment income.
It might if the overtaxed vote out the state and local polls taxing them into penury. In any case, why should other, more responsible states be forced to subsidize the others’ profligacy?
BTW, I live in NYS and think the deductions should be ended.
Anything that grows the economy will help to keep your SS/Medicare/pension afloat.
Spoken like a good Democrat.
The debt will (can only) be resolved by growth and inflation.
The inflation will come naturally with the growth
There is precedent. That has been the way since the advent of kings
“BTW, I live in NYS and think the deductions should be ended”
Your welcome to your opinion, you know how well the libs are so well entrenched in NYS, NJ, Ct. & Calif. that it is virtually impossible to vote them out. What justification is there to impose a tax on a tax. Do you pay property taxes? How much? The elimination of the property and state tax deduction will not get passed.
“The power to tax is the power to destroy...”
That is true but the greatest tax now is the INFLATION tax, even though our lying government has denied its existence for a long time. I considered replacing a shower door yesterday until I realized that the door alone would cost $217.00! This is NOT a high end luxury type shower compartment, it is about as cheap a shower as has ever been sold. I remember when that much money would literally support a family for a month, food, clothing, shelter, everything. Our dollar has been destroyed within my lifetime, if you earn in three years what my lifetime income was projected to be as a high school graduate, class of ‘62, you are not making enough to support a family now and I mean at a fairly low level, not in luxury at all.
Really? How?
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