Since the tax bill passed:
We’ve seen hysteria since the bill passed.
We’ve seen some positives too — not covered much in the MSM. Things like bonuses paid and corporate reinvestment. But here are some other events that show the difference in government between the Democratic liberal idea of tax and spend and conservative reactions.
This is in relation to the SALT aspects of the tax bill.
Two Governors in high tax blue states are proposing tax cuts in their states. Imagine that. They are in Michigan and Maryland, both governors are Republican. SALT reductions cut, let’s reduce our state taxes. Conservative reaction.
Then there are the Democratic blue state governors who are coming up with “ideas” (actually scheme’s).
Check this one:
In New York Governor Cuomo has suggested switching some of his state’s tax collections from personal income to a corporate payroll tax, saying corporations aren’t subject to a cap.
What that means is the companies don’t have a SALT limit of $10,000. So the Governor wants to tax the corporations and not the individuals so the state gets their money and people are not impacted.
Think about that for a minute, and consider this:
He wants to tax companies and have them reduce individual paychecks so NY can get their money and not worry.
So individuals get their pay reduced by the amount they would have paid in taxes, and the companies pay the bill.
Think of the bureaucratic mess this would create.
Think of the impact on federal taxes, 401K’s, pensions, and elsewhere.
Think about the extra work and cost for the companies.
Would you stay in NY as a CEO or move your company?
This has zero chance to pass and is an embarrassing idea to even propose.
Governor, maybe your tax burden is too high, ever think about that?
He’s not alone. Connecticut, a state that used to be a destination state and taxed itself into a people departing state is looking at the same idea. The Democratic Governor here has seen an exodus of citizens in his eight years.
New Jersey and California have another idea. They are considering allowing residents to pay some of their state taxes as charitable deductions.
Their reasoning, they can then claim the federal tax deduction for money they’re paying to the state.
Oh this looks easy to do too, doesn’t it? What will they do, ask the people to sign a voluntary charitable deduction to California? Really?
How do they defend these ideas? Here’s what a Democratic State Senator in California running for the US Senate had to say:
“The Republican tax plan gives corporations and hedge-fund managers a trillion-dollar tax cut and expects California taxpayers to foot the bill. We won’t allow California residents to be the casualty of this disastrous tax scheme.”
See it’s not California’s high taxes that are the issue, it’s the national federal tax rates being lowered that is the problem. I guess the government knows better how to spend your earned income.
Gov. Cuomo by the way said, “It is complicated, it is difficult, but it is clear that we must protect New York taxpayers from this assault.” He also said “they would explore the charitable donation angle California and New Jersey are pursuing”.
Right Governor, it’s not your high state and city taxes, it’s the federal governments lower taxes that are the issue.
These are examples of how Democratic and Republican Governors are approaching the issue. It’s clear there is a difference in the parties when it comes to taxes. It should be an issue in every blue state, but most are so solid in one party rule and with lack of MSM coverage it won’t be. Just imagine though if the MSM were presenting all the facts and allowing people to understand the real issue here. They won’t, they are too busy calling it a tax break for the rich.
TUESDAY. Fox barely edges MSNBC. Fox wins 4-8. MSNBC 9-11.
- Total day: FNC: 1.826 | CNN: 748 | MSNBC: 1.328 | HLN: 203
- Primetime: FNC: 2.691 | CNN: 994 | MSNBC: 2.633 | HLN: 324