Posted on 07/04/2025 5:52:52 AM PDT by Rummyfan
Oh, and he is much better than they are at talking!
... Congress passed the cornerstone legislation of Trump’s second presidency, eclipsing my desire to look at past Fourth of July jubilations.
The Big Beautiful Bill was worthy of our Founding Fathers, who would be appalled by the size and breadth of the government. DC controls just about every facet of a citizen’s life while siting on a mountain of IOUs no one ever will collect.
The bill, which will become law when President Trump signs it tonight at 5 PM Eastern (Lord willing), trims spending for the first time in memory and cuts income taxes on tips and overtime and sorta exempts Social Security with a $6,000 tax deduction for those of us 65 and older.
The bill also makes the 2017 tax cut permanent. That is very important to the economy because the that bill cut the federal corporate income tax rate to a flat 21%. The USA’s old tax rate was 35%—the highest in the world. This led to corporations moving their headquarters off shore.
Republicans talked a good game about luring them back. Democrats came up with a tax scheme to force them back.
Trump just did it. He made no special favors and he punished no one. Instead, he solved the real problem: the tax was too damn high.
(Excerpt) Read more at donsurber.substack.com ...
Trump delivers that’s for sure.
Republicans / Conservatives just talk. Decades of talking
“ The Big Beautiful Bill was worthy of our Founding Fathers”
Get help.
“ I consider Trump to be neither”
And you are 100% correct. I don’t think there will be much left of the GOP after January 2029. The “GOP” is, or was, a vehicle for Trump to become President and, having served its purpose, it should be allowed to expire.
One economic theory suggests that with an increase in value of income earned thru good service, that good service will increase. Income of those who provide good service will increase in comparison to those who provide mediocre service.
More impacted workers will be motivated to provide good service. This will have an educational impact on those who see the service by receiving it, and on the children and friends of those who are rewarded for good service.
I worked piecerate in a plastics factory and made much more than the union workers. The union correctly argued that if everyone worked piecerate there would be no need for the union. So piecerate could not be allowed because it would destroy the union.
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