2020 Issues Beginning To Take Shape – Taxes
As individuals begin to do their taxes the noise is starting. You are hearing “I am not getting a refund. I always do”. People are “moving out of high tax states”. Theses states are “losing their base”. We, “have to reverse the limited local tax deduction”. Let’s take these one at a time.
First, people got higher paycheck take home a year ago as the new tax rates took hold. Now you can choose to take out more if you prefer to get a refund after the year. But that makes no logical sense.
Second, people are moving out of high tax states and they are losing their base? Wait, I thought the senators from those blue states were united that this was a tax break for the rich. If it was a tax break for them how can they be paying more and looking to move? Will anyone call them on this? Because what I hear now is this tax adjustment actually raised the rates on high income individuals to the the point they are leaving your state.
Third, why should we reverse the local deduction limits? Since 80% (estimated so far) are benefiting from the reduced federal rates why should we change it? Why should we allow high tax states to raise rates and have the others in low tax states pay more because of that?
You see the federal government sets the federal tax rates. If they lower the tax rate why is that not good?
Oh, because your state has high tax rates? So others in the country should pay more for what your state does? Maybe that’s why people choose to live where they do.
If you elect people who spend, spend and spend some more, isn’t that your state and citizens decision? You pay the bill. If suddenly Texas, Florida and the Carolinas decide to spend why should New Yorkers, Californians or New Jerseysians be responsible?
Let the federal government control federal taxes and spending, let your state do the same for the state. It’s that simple.
Finally, if your tax bill is too high because you live in a high tax state the citizens have three choices.
1. Vote leaders who will lower spending and taxes.
2. Move to a state that is more in line with your tax and spending thoughts.
3. Continue to support the taxing and spending in the state.
If you choose number three, then you pay the bill, not citizens from other states.
The Green New Deal:
Mitch McConnell is assuring this is an issue front and center. He is arranging a senate vote on it.
Now the senators running for President have already come out for it. (Harris, Booker, Klobuchar, Gillibrand and Warren).
Being for this is not going to help them if they get the nomination. It may help get it, but after that it is a disaster.
The far left is pushing the party over the edge. The knee jerk reaction of candidates to immediately endorse every wild idea the left has, is bad long term politics.
Speaking of candidates did you see Kamala Harris yesterday on smoking marijuana? She said “she smoked marijuana in college while listening to music”. The music she said said she smoked to didn’t exist when she was in college.
Again you can’t make this up.
Trump By the Numbers
Take your choice.