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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. Robert Fahrbach CEOExpressSelect Member
     (11/25/2017 8:23:06 AM)
     Message ID #294187

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The proposals for personal income taxes do nothing but re-arrange the furniture... with the exception of the elimination of state tax exemptions. The change there is that it is not merely a random alteration - but one which provides more equal taxation for all Americans. That is a worthy change.

The argument that the States impacted most already pass a greater share of income back to the Federal government is untrue. That greater share is passed back by business interests, not personal taxpayers. You may not grok why that makes a difference, but if you don't... you probably shouldn't be in the conversation.

Changes to Corporate taxes are the essence of the tax bill. The only real issue. They amount to a gamble that changing the fundamental notion of taxing Corporations at all should be challenged. Since taxing the hell out of them has left us $20T in debt - with declining job opportunities and a lagging economy... no serious person can suggest that continuing to tax and spend in the same manner is even remotely viable.

In effect, there is some real attempt at trying something new... covered with all the sugar necessary to get the children to eat their vegetables.

I doubt that any version passable will be healthy and constructive. Americans are sugar junkies lacking the discipline and resolve to do themselves any good. I continue to see the unconstrained government ultimately hitting the inevitable wall.

2. D Robb
     (11/25/2017 8:31:50 AM)
     Message ID #294188

This message is in response to Robert Fahrbach ( message id #294187 )  Back To All Messages

The Federal government currently does not collect sufficient revenue to cover its expenditures. We should be raising taxes not cutting them. At the same time we need to look at the only budget categories that are large enough to make a difference: entitlements (Social Security and Medicare) and defense.
Cutting the State Department and Social Programs may be satisfying to trumpites but they accomplish nothing. It is bringing coffee to work in a thermos instead of taking a break during the day and buying it.

3. Robert Fahrbach CEOExpressSelect Member
     (11/25/2017 10:29:23 AM)
     Message ID #294192

This message is in response to D Robb ( message id #294188 )  Back To All Messages

People don't want their taxes raised. I'm sure you understand that - but I don't think you grok what it means... it means they do not want to spend their resources on the things government is buying with them.

That being the case... do we stop buying them - or do we just raise taxes and force people to buy even more... against their will?

So you and I have a simple difference of opinion. You want people to be forced to spend more on what they don't want. I want to stop the federal government from buying things citizens do not want.

There is really no more to it... except to say that people created government expressly for a strong common defense and the general welfare. General welfare means that every dime spent should benefit every single American equally. It doesn't mean to make all Americans equal.
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