The tax “reform” bill the US Senate passed last night is pretty lame, actually. It keeps the current ridiculous progressive structure of seven separate tax rates. (The House reduced it to four, and the correct number ought to be one.) Susan Collins was bought off by retaining the mortgage interest deduction on vacation homes for millionaires. Freeloaders at the lower income brackets still pay nada. Some high income progressives from blue states are whining because some of their state and local taxes are no longer deductible. Sucks that you progressives in high tax blue states forgot to elect any Republican senators.
There has also been a lot of howling from the “suddenly we’re concerned about the debt” progressive left that the bill will add $1.5 Trillion to the National Debt over ten years. That figure represents less than 3% of Government expenditures in that time period. Cut Government spending 3% (I’m sure we can get by on 97% of the Government). Problem solved.
It’s a lame bill. Really, the best part of the Senate Bill passing has been watching the histrionic meltdown on the Progressive Left. (But even that gets a little boring considering the progressive left has a histrionic meltdown at literally everything Donald Trump does.)
America died tonight. Economic suicide adopted to feed the insatiable greed of donors, who have been refusing to dole out $ to GOP until they got their tax cuts. Voters fooled by propaganda and tribal hatred. Millenials: move away if you can. USA is over. We killed it. – Kurt “Tentacle Pron” Eichenwald
The Republican Party is the enemy of the American people. The Senate just passed the Trump Tax Increase, 1:50am, enriching the 1% & concentrating wealth in the hands of the few. Capitalism & Fascism. The coup is underway. Make no mistake about it. EVERYONE OFF THE BENCH! 11/6/18! – Michael “I was relevant for a while in 2003” Moore
“While you slept last night Trump’s pedophile-coding GOP broke into your house and raped your children and their future in favor of the Republican’s biggest donors. They groped you too taking your Medicare, social security and Medicaid with them.” – Frank “No I’m Not a Drama Queen at All” Schaeffer
Is there any going back after this #TaxBillScam? To America? Does it matter now if Trump is impeached? There’s no America now. Not the one we knew. Sorry, feeling real despair this morning. – Patton “Who?” Oswalt
Oh, Patti, don’t feel so bad. There are lots of other countries you can move to. Have you considered Mexico? No Republicans there. Strict gun control, too. The Government is very progressive, taxes are very progressive, and economic activated is highly regulated. It’s a lot like California, come to think of it. But with fewer Mexicans.
Really, the second best part of the tax bill is the cut in the corporate rate from “highest in the industrialized world” to “middle of the pack.” (The senate bill delays this cut for a year because senators are dumb.) This will spur real economic growth. And I have to ask, if it’s so great for Democrat run principalities to offer enormous tax breaks to targeted by businesses like Amazon and Boeing, then wouldn’t general tax breaks to all businesses be a great thing as well?
Also, if individual states want to give it a go at Democratic Socialism, why not? California, New York, Massachusetts, Washington and Illinois all have larger populations and GDP’s than Denmark. Nothing is preventing them from implementing Danish-style socialized health care, free college, and cradle-to-grave welfare systems. Democratic leftists insist that Democratic Socialism is the best system, and they are the bestest and smartestest people ever. So, they ought to be able to make it work in the states they control and show the rest of us how it’s done, Right?