Sigh, first off there is no tax bill. This has been teed up for McCain to vote no on again. He just cant resist the chance to get an MSM puff piece and the chance to be lauded. It is like a drug to him that no narcotic or even anti-cancer drug could ever replace. Plus, he gets to stick it to Trump in the process. Viva McCain!! Eff everyone else.
Secondly, can someone name me a way, a single solitary way that taxes can ever ever ever be cut without a cry of for the rich being spouted? Come-on, I dare you.
Third, its boy who cried wolf time for the reason given above. This bill may suck but because cutting taxes has suddenly become like the third rail of social security reform, I am skeptical of the criticism.
Second, I am not a class warfare warrior. Few of us here are. But both bills were written to declare class warfare. They chose to pick winners and losers. By eliminating or capping so many deductions, they are raising taxes on millions in the middle class to pay for The massive tax cuts are for the corporations and the donors. It is what it is. Thats the way they wrote it. Thats the way it is structured.
I wouldnt care if everyone got a tax cut and the wealthy got more of a tax cut because they pay a lot in taxes. Why would I? But this is not the 1986 Reagan bill. Far from it. This is not, repeat, not an across-the-board Tax cut for everyone. It is a deduction cut. They wrote a revenue neutral bill, which requires winners and losers. If we had a value added tax, or flat tax, yes that would be fair. Thats not what they gave us.
“can someone name me a way, a single solitary way that taxes can ever ever ever be cut without a cry of for the rich being spouted?”
Easily:
- cut the rates for everyone making below the mean or average.
-Allow teachers to deduct the school supplies they purchase
-allow people who actually WORK physically for a living to deduct ALL clothing and tool expenses; if your don’t get dirty, and face physical risk, and heat and cold it ain’t work.
-Allow all medical expenses UP TO, say 20K to be deducted...