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Do you think that the Trump Tax plan will help the middle class?

I have no idea

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1. Thomas C CEOExpressSelect Member
     (12/1/2017 6:00:50 AM)
     Message ID #294520

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Shortly after AHCA was passed, the President formed a bi-partisan commission , he charged them to "identify policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run"

AKA Simpson-Bowles. Some of the highlights were changing SSA age to 68 15 years down the road and then age 69.

Treating capital gains as ordinary income, phasing out the ESI tax exclusion and reforming the tax code by lowering corporate rates, and eliminating many legal deductions, or loopholes. The goal was to lower rates and broaden the tax base or expose more income to taxes.

The tax plan was very similar to the one currently going through Congress, other than the treatment of Capital Gains and the ESI.

They projected the plan would balance the budget by 2014. It required 14 of the 18 members to vote in favor in order to move forward. Both Simpson and Paul Ryan voted no. The House voted it down by a large margin.

The President sat on his hands and did nothing because he didn't like the answer to the question he wanted answered.

$7 trillion was added to debt and historically this will be Obama's biggest policy failure.

Zero effort in pushing Congress to act, a lost opportunity. The Democratic Party went on to loss over 1,000 seats nationally.

They would still be in power today with Simpson-Bowles

BTW, both Sen Clinton and House Leader Pelosi supported the plan

2. D Robb
     (12/1/2017 7:01:21 AM)
     Message ID #294521

This message is in response to Thomas C ( message id #294520 )  Back To All Messages

You are comparing oranges and rutabagas. When President Obama came into office he inherited the worse financial crisis since the Great Depression and HAD to act. No such crisis exists today. The opposite is true. There is plenty of time to do tax reform right, but that is not the GOP objective. They have created an awful give-away to the rich at the expense of the middle class
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