Posted on 01/25/2018 3:59:47 AM PST by markomalley
In blackjack it’s smart to double down (double your original bet halfway through playing your hand) when you have a likely winning hand and it appears the dealer has a potential losing hand. A good double down is smart betting and can maximize your winnings when executed at times when the odds are in your favor and your potential for loss is minimized.
In this spirit, Republicans and President Trump should double down on their wildly successful tax cut by moving to make the handful of rate reductions and personal exemptions permanent, right now.
This move would fulfill several important fiscal and political goals at the same time.
First, it would force Democrats to repeat their opposition to the tax cuts even after millions of Americans have received thousands of dollars in bonuses, stock packages and higher wages that have been announced in the past month since the tax cuts became law. It’s one thing for Democrats to oppose this law when the reaction in the market was still a mystery. But now, after hundreds of businesses from Apple to Walmart have used their corporate tax cuts to improve the lives of their employees, let’s give Democrats a second chance to reject the law for their own, selfish political purposes. The vote would be clarifying.
Second, (and probably most important) it would force the Congressional Budget Office to reevaluate the fiscal impact of the tax package. The CBO is notoriously wrong about the real-world impact of governmental decisions like tax cuts. They didn’t take into account the millions of dollars that have already been pumped into the economy as a result of the tax package last month.
(Excerpt) Read more at washingtontimes.com ...
Requires a 60 vote majority. Democrat oppo is why it has not happened.
> Requires a 60 vote majority. Democrat oppo is why it has not happened.
Yep, put it up for a vote and get them on record as opposing it.
It's easy for them to vote against something that doesn't kick in for a couple of election cycles. Harder to vote against it when that vote is just before the next election. Better to wait.
Already in the can. 100% Dem opppo. Dangle their feet for a year.
And when the Democrats submit an amendment making the tax cuts permanent only for those making $150,000 and below or some other arbitrary number, then what? Do the Republicans go on record being for making the tax cuts permanent for the very wealthy, thus giving the Democrats yet another campaign issue?
Will have more leverage as time goes by add the benefits are more fully realized...
First direct deposit under the new tax tables today. How can this not make an impression on every working American?
“Requires a 60 vote majority. Democrat oppo is why it has not happened.”
I think Trump will do it and I think it was set up that way. Democrat opposition after the vote was, “the tax cuts expire in 10 years and that is why we didn’t vote for it.” Now they would have no choice but to vote for it, especially in an election season.
By doing this, the rats will alienate their base even further, hopefully causing leftists everywhere to stay home on election day.
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