Given that corporate taxes are coming down, and the top tax bracket is coming down, deficits will skyrocket unless someone pays. Our problem is too much spending. Unless we cut spending, deficits will go through the roof. Since the odds of spending being cut are slim and none, the chances are good that lower and middle income taxpayers will be stuck with the bill. And if that happens, November 2018 will be a bloodbath for the GOP if this tax reform is retroactive to 2017. The
preliminary proposals are in and not looking good for households making less than $100K per year (
bottom 74%).
“Given that corporate taxes are coming down, and the top tax bracket is coming down, deficits will skyrocket unless someone pays. Our problem is too much spending. Unless we cut spending, deficits will go through the roof. Since the odds of spending being cut are slim and none, the chances are good that lower and middle income taxpayers will be stuck with the bill. And if that happens, November 2018 will be a bloodbath for the GOP if this tax reform is retroactive to 2017. The preliminary proposals are in and not looking good for households making less than $100K per year (bottom 74%).”
You got it! If you lower the taxes on the people who are running the country they will spend. Frankly, I would of supported anything that would lower the taxes on the rich before, but,now I believe that the only way to make conservatives out of the same is when they have a lot of taxes to pay. We give lower taxes to the same people who are destroying our borders, running up deficits, won't stand for the national anthem along with their owners who let it go, who own the liberal press. I know they are the"job creators", well that was valid until they started sending jobs abroad and bringing their cheap labor coolies.No I am done helping these free loaders lower their taxes.Let them pay them.