Tuesday, March 28, 2017

Can Trump and the GOP win with tax reform?

Can Trump and the GOP win with tax reform?: President Trump and congressional Republicans are trying to shake off their embarrassing inability to pass a bill that would have fulfilled a seven year promise to repeal and replace the Affordable Ca...

MGB:_The tax code is very simple for many taxpayers, unless you are poor with children or have complicated company, partnership or wealth arrangements. Then it is hard and will likely remain so. While I would like to see tax policy for giving income to families with children made much easier, primarily by increasing amounts to living wage levels and channeling them through employer taxes, I doubt the GOP would agree. Their main focus is cutting taxes on the wealthy and I doubt that the complicated tax breaks Trump uses to decreas his tax burden or that oil companies use to elimiate their’s will be on the table.

Rich people don’t want taxes to create jobs. They want a greater incentive to eliminate jobs because they get more when they do so with lower tax rates. Period.

Unlike health care, the Freedom Caucus will go along with reform, however the Senate has a Budget Act point of order to stop it, even in Reconciliation. Trump will lose and have his Twitter Tantrum.


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