Posted on 04/24/2017 10:20:41 AM PDT by Sean_Anthony
Yuuuuuge
Most of the media coverage, like this from CNBC, follows the current dopey trend of obsessing over how quickly the proposal will be done. Wednesday? Thursday? The following week? Maybe this is all about the spine-tingling drama of whether it will happen within Trump’s first 100 days, since all of America waits with bated breath for the answer to that question. Er, yeah . . .
But when it happens is not the point at all. It’s what the plan consists of, and while Trump isn’t dropping many details, he’s certainly not being shy about establishing expectations:
Not if it doesn’t include a tax cut for middle class wage earners.
But establishing expectations can backfire if you fail to meet them, or even to come close.
He said he was going to release details of his tax plan on February 28 also, and that came and went without a syllable.
I think he’s frustrated by the pace of Washington, but that pace is not (merely) because they’re all _______, it’s also because this stuff is hard to do with a small majority in the Senate and a divided caucus in the house.
Surely we should have learned that faster is not better when it came to the Healthcare debacle a month ago.
"Just as we predicted, Trump gives biggest tax cuts to the wealthy."
The problem is the wealthy are paying the major load to start with AND we know that trickle down works cuz they gotta do something with their money.
We need smaller government to go with the tax cuts and Trump is doing just that.
Tax cut for taxpayers....period
If it results in full employment for the American people it will be a great success and an assured second term for DJT.
I am going to wait to see the plan before I praise Trump on this one. I have read that in order to offset the corporate tax deductions, they are going to start taxing 401K’s in the same manner they tax Roths. I hope this is just fake news. I really hope that the middle class aren’t going to suffer for a coprate tax cut. Sounds like a great talking point for a Warren/Sanders ticket. Corporations and taxpaying citizens both need tax relief and the only way to do that is to cut spending, not shuffle around the pain.
His original plan had a 30000 standard deduction for marrieds, and a 12% rate up to 75000 taxable income, down from Obama’s 15% rate.
One idea bandied about was to make employers pay both halves of FICA, in exchange for giving them a 15% rate on corporate income, down from 35%.
I’ll take either one, but the elimination of FICA for me works best.
Ryan the RINO will be the President’s largest obstruction. I wish we had a Newt in place.
What the hell has happened to FR that this tripe is the first comment?
If he passes over the middle class in favor of corporate tax cuts only then it’s a Fail. People are done waiting for the fence down that never trickles. Tripe? Not to Trump’s core.
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