On Tax Cuts
You can argue tax cuts, who should get what, pay what, if all should pay some, and what should be raised and reduced. What drives us to anger is the constant negativity of the left and MSM.
Allow us one more time to provide our thoughts on the continued diatribe.
First, they might have some credibility if they weren’t spouting the same talking points before the bill was even released. The details weren’t out and the liberals and MSM were talking the same anti noise.
Second, make up your mind on one thing. You keep saying this cut will be a big boost for the President’s personal income. Trump profits, you shout.
Then later you say it is going to hurt people in NY because of the deduction loss of state and local taxes.
Since Trump and his family are residents of NYC, make up your mind.
Next, stop misrepresenting the elimination of the Obamacare mandate. Thirteen million will not be left without coverage. No one loses anything.
All the law says is you have the right to choose to buy it or not. Choosing is a different path than someone taking something from you.
In this case you can actually “keep your coverage” if you choose.
And STOP already with this “corporate welfare” talking point. Even your sainted leaders Obama and Clinton thought we were uncompetitive at 35%. Why can’t the MSM present all the facts on this?
It’s why companies move their HQ’s out of the U.S. and keep profits parked overseas. Are we lowering the rate to be more competitive or give corporations more money? You know the answer but the MSM keeps presenting it as “corporate welfare”.
If they want to know what welfare is I suggest they look at food stamps and what happened under the previous administration. There were 28 million people on food stamps at the start of the administration and 44 million at the end. An increase of 16 million.
Becoming competitive with corporate rates is designed to create jobs and maybe what they call “corporate welfare” can produce jobs and reduce other welfare.
The next talking point is another not fully explained. They said corporate cuts are permanent, while tax cuts are scheduled to go away in 2025. Why don’t you explain that this is in the bill because it is the law? It’s a rule passed by congress that says anything increasing the deficit must be reviewed in seven years? In 2025 if the deficit is up, congress reviews and makes a call. Do you think Republicans will want to increase taxes then, or Democrats?
One more thing on this. You can’t make corporate taxes temporary. Would you as a CEO move dollars and HQ’s back knowing your rates will increase 14% in a few years? Of course not.
But why tell the American people the facts when you can spout garbage?
Then there’s the deficit. The Democrats, after supporting the last administrations doubling the deficit of every President from Washington through Bush are now concerned. Spare me the false concern, but if you were sincere I have a solution for you. Two in fact:
First, every tax cut drives revenue. The problem is you spend the increased dollars. How about not spending the money? Then people could keep more of their own earned money and spend it how they want. Isn’t that a novel idea?
Second, all I hear is you yelling about allowing people to keep their earned dollars because you need it to spend. How about just cutting spending. How come you have so many solutions on how I should spend my dollars but you never cut a program you created that spends too much?
Finally, on the whole SALT issue. There are arguments on both sides. We come down squarely on the side that the federal government is one thing and the state government is another.
Why the people of “fairness” in the media think the people in low tax states should pay more federal tax because of the high tax states, is beyond us. What the states choose to do is their choice. If NYC, as an example, has a 13% state and city rate because they want special programs, that’s their business. Why is that Texas or North Dakota’s problem?
Imagine if Texas decided to have a law that funded free guns for every citizen through a tax. Should New Yorkers pay more federal tax because of that? If you say no to that, then you cannot argue the salt tax exclusion. The fancy of any state is their own responsibility and not the rest of the country.
Now, all that said, does everything in this tax cut excite us? No. We are angry at the little deals that had to be made to get 50 Republicans on board. We wish 100 senators would have looked out for the best interests of our citizens and voted for a clean bill that would have cut taxes, created jobs and driven the economy. But too many looked for talking points and opportunity rather than the greater good.
We saw Paul Krugman of the NYT on a Sunday show as an expert on the tax bill and why it was so bad. The same Paul Krugman who wrote this on election night:
“It really does look like ‘President Donald Trump’, and markets are plunging. If the question is when markets will recover, a first-pass answer is ‘never'”.
The man who said the markets would plummet and never recover under Trump is now the expert on why this tax cut is not good.
Paul, the market has 65 new highs this year. We’ll pass on your advice.
Remember when Philadelphia passed the penny per ounce soda tax (and we correctly predicted it would fail miserably)? Here’s their latest crazy idea.
The Philadelphia’s City Council voted to remove bulletproof glass windows from certain local businesses Thursday. The council passed the measure by a vote of 14-3 to remove protective glass that separates customers from the cash register.
The biggest uproar is from minority store owners. Don’t they know liberals know what is best for them?
Total Viewers Thursday. Fox wins day and night. MSNBC wins 10 & 11.
- Total day: FNC: 1.854 | CNN: 861 | MSNBC: 1.429 | HLN: 230
- Primetime: FNC: 2.909 | CNN: 1.144 | MSNBC: 2.574 | HLN: 268