Posted on 11/05/2017 8:24:58 AM PST by ForYourChildren
This is no longer Trump’s tax plan, it’s the swamp’s tax plan.
I knew it long ago, as soon as the politicians (and lobbyists) got their hands on it, not much would change. And lobbyists have been swarming DC for weeks trying to save their favorite deductions. I heard one senator interviewed who said he had 4 in his office at once.
I looked at what Trump handed them, what I’m hearing now barely resembles it. The swamp has given in to the lobbyists and democrats screaming “tax the rich”.
From what I see so far, the only ones who benefit will be the ones who already pay the lowest tax rates. Or nothing...which is not “the rich”...
I think it would he great if Trump were to veto the damn thing, tell them it’s not even close to what he wanted, start over.
Then the voters have to help him drain the swamp, by voting any and all incumbents out in 2018, and any slimeball who hasn’t supported Trump’s agenda...like McCain, Ryan, McConnell...oh hell I can’t think...
Disagree. Levin is a hard core conservative and Constitutional advocate and he, like many of us, can see where the RINOs are obstructing President Trump's MAGA agenda. I can just see the RINOs in the dark recesses of the Hill, discussing how they can thwart the non-lawyer, non-politician, non-good-ole-boy, real-change Trump and yet keep their jobs with their rhetoric.
Gawd, we have the House, Senate, and Oval Office - yet nothing is getting done, except for some Judicial appointments. I truly believe that Pres. Trump under-estimated the power of the House Speaker and the Senate Majority Leader (which both should be gone). Also, every day their is a new decision by some nobody Judge who negates Trump's legal executive orders. Obambi just ignored them for 8 years, even a USSC decision. Why won't Trump? The president's authority is absolute in matters immigration enforcement as in written law by Congress.
As CINC, he has absolute authority regarding the military. I read recently that his E.O. regarding trans-gender now has as a suit pending. I may be wrong on that one.
Levin still hates Trump and this is President Trump's tax proposal. He specifically does not want tax cuts for the 7 digit plus brackets {even though they pay the majority of the taxes}.
This package is aimed specifically creating jobs and giving the middle income families the ability to survive and thrive.
As a retired {high earner when working} person it does NOTHING FOR ME, but it is good for the country, because it is good for the working folks.
These Globalists are just Marxists in Gucci's
Yes, but he is photogenic, articulate, and seems sincere. Remind you of a couple of Democrat presidents? It's all about presentation which is Advertising 101.
What is Ryan’s raison d’etre? What makes him tick? Does he want to be beloved by the popular kids? Does he have secrets, is he owned? What motivates this guy? I’d love to call him a weasel but he’s not good enough as a weasel. Weasels are decent animals.
Don’t get all wound up listening to the talking heads.
Tax reform is coming in two parts. This is part one.
It is very much a part of President Trump’s strategy that the top earners do not get a dime of tax break. This is to neuter the democrats. They had there entire machine warmed up to talk about how the tax bill would make Trump and his buddies richer at the expense of the middle class and poor.
The key to step one is to fire up the economy. Repatriation and business tax rate reduction will make that happen. Step two is to give the core of America and President Trump’s base a tax cut and simplification.
Firing up the economy will lead to success in the ‘18 elections and allow the President to go for a more substantial tax code reform that many have been discussing for years.
The best answer by the way is a combination of the Fair and Flat taxes. Where the Fair portion is only about 5% and can never, ever be raised. I would be collected by the states and sent to the Feds. It would not be on any of the key necessities, like food, medicine, housing, transportation, etc.
The Flat tax would be probably two rates at about 10% and 20% with a significant standard deduction.
Then everyone has at least a little skin in the game, including the underground economy but not so much that it is punitive. It is minimal in times of hardship and sufficient to fund the government in times of plenty.
All tax credits would be eliminated and non-tax related programs will be substituted to the desired effect. This is to stop the billions given away to illegals and others filing fake returns to get earned income tax credits, etc.
The problem is that Fed.gov, especially all its massive entitlements and debt, are on autopilot. NO ONE can talk about spending, which is the driver of everything.
So its left to everyone else to simply rearrange who pays what.
Disagree. It should be step one. Get this much, then campaign and win and go for more in step 2.
A baseball team that gets one run each inning will generally win. Or they could refuse to play if they can’t get 9 runs at once.
Singles add up, too. Each run doesn’t have to be by home run.
The Democrats have for decades taken what they could get, any tiny victory at a time
The Democrats have the same goal: progressivism. Whereas the corporist wing and patriot wing of the GOP have diametrically opposed agendas. Should it be any surprise the progressives in the GOP prefer progressive Democrats to conservative policy?
Yes, the "all or nothing" approach is a stupid way to go about things. It pretty much ensures status quo. The liberals kept adding taxes a little bit at a time. Removing them a little bit at a time might be the best approach. So long as we are moving in the right direction.
Same goes with rolling back socialist health care by the way.
As far as I am concerned, I hope this phony tax reduction bill goes down to defeat. It is pure Ryan and RINO crap.
Help me to understand such nonsense as charitable contributions remaining a tax deduction but medical expenses would no longer be deductible. In other words voluntary contributions are OK but medical costs which are mandatory to maintain one’s health will no longer be OK?
We donate substantial money each year to charities, and we incur substantial medical bills each year. It seems totally illogical that a voluntary donation is OK but a necessary medical cost is not.
As a upper middle income household I have calculated that based upon the proposed changes, had they been in effect for 2016, our Federal income taxes would have been higher.
We are in agreement. Too many conservatives are in the total victory or nothinh camp. They ignore that the founders designed congress to be a majority rule body on each vote.
> any tiny victory at a time <
I haven’t seen a single legislative victory out of Ryan or McConnell. You have to ask yourself, “what would Nancy and Harry do?” They did a $1 trillion stimulus bill in Hussein’s first 30 days.
I know that more regulation runs against the small-government fiber. But if this money comes back, it should have strings attached. It should be required that it be spent for job creation and for higher wages for lower and middle income workers.
Otherwise, it'll be like the handouts to banks "too big to fail". They used the money to enhance already bloated income for their upper-tier employees and investors and to buy out smaller banks that were competing quite well with them. Without strings attached, what's to stop large corporations from buying out US competition and then shipping jobs overseas?
“Seems like hardly anyone likes this tax bill.”
Nonsense.
Most of the Republicans here on Free Republic like it and will ridicule anyone who does not.
“If this is the best they can do, then doing nothing would be preferable. “
You are correct sir.
It would save millions the pain of an effective tax hike.
There’s are better ways to engineer a necessary corporate rate reduction.
In the interim there are millions covering the gap with increased net taxes.
Not the status quo mind you, but an increased net.
I am not an upper income individual. My taxes will go up. The only reduction is for corporations
” Too many conservatives are in the total victory or nothinh camp.”
And some of us hope to avoid a net tax increase of thousands of dollars per year.
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