Posted on 11/29/2017 12:10:36 PM PST by Jim Robinson
Senators Bob Corker (R-TN) and Jeff Flake (R-AZ) are demanding that the tax reform bill include a trigger that automatically raises taxes in the future if tax receipts fall below projections.
This is a bad idea. Raising taxes is never a good policy, but this provision also adds complexity and uncertainty to the tax code that will limit its impact on economic growth.
Bob Corker and Jeff Flake want people to believe they're concerned about the deficit, but if that were true they would not have supported so many bills to increase the debt limit and increase spending.
If there is going to be a budget trigger, shouldn't it automatically cut spending which is the real problem in Washington?
The tax trigger should be rejected and the tax rates in the bill for individuals should be lowered so no American, regardless of where they live, has to pay higher taxes.
As we mentioned before, we also believe that any side deal to allow for the passage of health insurance company bailouts should be categorically rejected. This is something Senator Mitch McConnell (R-KY) promised the moderates in the Senate and it's a bad idea.
The only way to make health coverage more affordable is to repeal Obamacare's benefit mandates, which have forced Americans to buy things they don't want...
Bingo: the other way to think about it is like this:
If the economic output of the country is tanking (i.e., the cause of failing to generate enough tax revenue), then those idiots want to make sure that oppressed Americans become even more oppressed (because the Government MUST be funded - even if you aren’t!).
Yes, of course. Cut the spending too. But this bill cuts the taxes. And it’s the bill that’s before the senate today. Let’s git ‘er done! Corker and Flake can go to hell.
Corker, Flake, and McCain better be careful because if millions of real Americans see no tax relief a war might in the making. I would hate to be Corker, Flake, and McCain. Americans are getting real tired of these little three communists.
Hey Corksucker and Flakeman! Trigger this! You’ll both be gone! Gone or not, you’re both POS!
The good news is that Corker Flake and Mcnutz will all be bone soon.
Corker has pretty much said not to worry.
Great post!
Consider that regardless that the uniparty House probably hates Trump’s vision for MAGA as much as the Senate does, since representatives jobs are much less secure because of their two-year terms, the following is probably happening.
The House passes dog-and-pony show tax reduction bill to the Senate, hoping that Senate kills the bill, senators' jobs better-protected from killing legislation supported by ordinary voters because of six year terms versus voters' memories.
So it's up to patriots to finish the job that they started in 2016 elections by electing Trump president.
More specifically, patriots must now be making sure that there are plenty of state sovereignty-respecting, Trump-supporting patriot candidates on the 2018 primary ballots, and pink-slip career lawmakers by sending patriot candidate lawmakers to D.C. on election day.
Drain the swamp! Drain the swamp!
yup.
These two individuals, along with a few others with R’s after their names, have worked tirelessly to ensure President Trump’s agenda is not realized.
I wish they were not “outgoing” legislators, but “gone”!
And yet Flake and Corker are both enthusiastic supporters of spending unlimited amounts of taxpayer money on social welfare wealth redistribution to illegal immigrants
Flakey fake Republicans trying to put a poison pill into the tax bill.
Reform will never happen ... the only way to obtain freedom is to kill the income tax ... replace it with a combination of a national consumption (sales) tax and tariffs on imports.
I support a trigger — if revenues ever fall short of forecast, it would trigger spending cuts!
Let the trigger be spending cuts and not tax increases. If nothing else, it will out them again.
If these two don’t vote for the tax cut and for repeal of obozocare they should immediately be stripped of all committee assignments and the funds for their office staff should be cut 90%. If they want to jump to non-caucus status let them, even if it causes McConnell his position. As far as I’m concerned, they’re all fire hydrants for my dog to.........on.
I agree. But that bill is NOT before the senate today. This one is. CUT THE DAMN TAXES ALREADY!!
I have such confidence in Trump that he can turn a Corker crap sandwich into an all American MAGA BLT.
Look what he’s done with the big nothing they’ve given him so far.
“but this provision also adds complexity and uncertainty to the tax code that will limit its impact on economic growth.”
Exactly right. This reminds me of the way they sabotaged Reagan’s tax cuts (despite Kemp’s warnings) by phasing them in over three years.
The predictable result: nearly all deferrable transactions were postponed three years to take advantage of the full tax cut, causing the economy to grind to a halt.
A slightly different dynamic this time but the same principle: if tax cuts are conditional, the savings will be offset by a liability and therefore not be free to be invested in economic growth.
These people are supposed to be leaders?
It’s never, revenues slide, cutback spending, even temporarily, is it?
Yes it does.
They are afraid future REPUBLICANS would NOT vote to raise taxes
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