It's hard to believe, isn't it? We know how that worked out for them. Following their fiasco of "something terrific!" that covers "everybody!" at "lowers cost!, one might reasonably expect the denizens of TrumpSwamp to take Americans into consideration when they dump their load that transfers wealth to their wealthiest enablers whilst bloating the deficit. Do they actually believe their drama queen narcissist's pissy tweets about one petty fixation or another will distract the electorate from their o'ershadowing feculent tower of babble-on in '18?
Yes, lowering corporate taxes from the highest in the world to 20% (which is middle of the pack) is simply crazy. Trying to lure American companies back to America after they fled due to high taxes is the very definition of insanity.
A. This thing is possibly WORSE than Trumpcare. It removes the mandate forcing premiums to go up an extra 10% AND it blows a 1.5 Trillion dollar hole in the budget B. The GOP will eventually insist that we pay for that tax cut for the rich and corporations. What does that mean? More Sequester bullshit. They'll force spending cuts on everything yet again ( like Medicare and Medicaid) and education etc. C. Corporations are doing exceptionally well now. If they get this massive tax gift they will NOT do things like expand and certainly not move here...they'll buy back stock in their own companies forcing their own shares to be more valuable thus personally enriching themselves with no risk or effort. They admit as much
Do you think the huge transfer of wealth to the wealthiest Americans whilst bloating the deficit will be as successful as Trump®Care that is "something terrific!" that "covers everybody!" at "lower cost"? Yes, Trump proclaimed himself "The King of Debt!" but pandering to multi-national corporations comes at a high cost to America's small business sector.
Well, maybe we could raise the corporate tax from 35% to 50% and then watch half of the Fortune 500 leave the U.S. That would be super for America. Who needs all of those greedy corporations? We can just put all of the newly unemployed on government assistance.
It's hard to believe, but after the Republicans in Congress went into their clandestine conclave to conjure up that dazzling Trump®Care,"something terrific!" that covers "everybody!" at "lower cost!", they're back with yet another load! Economists overwhelmingly agree: It won't raise the GDP, but the national debt will soar! "I'M THE KING OF DEBT!"
As a Trump supporter and a solid conservative I have to admit to being unimpressed with "Trumpcare" or the tax plans winding through congress.
Your infatuation with trumpery notwithstanding, you sound like a rational conservative. A rock-solid tenet of conservative fiscal philosophy is not bloating the national debt as the current GOP Congress and POTUS now seem hellbent on doing.
Tax reform makes sense, tax cuts on the scale discussed for corporations and the wealthy - not so much. This plan is a tremendous gift to the GOP's "donor class" (corporations and the wealthy) and will be horrible for all others. And it is more than apparent people must learn the difference between statutory rates (published marginal tax rates) and effective tax rates. For example, the combined average statutory corporate rate in the US is 38.6% (35% federal + average of state & local tax) however the effective rate is 18.6%. The 18.6% is only marginally high compared to like nations however the proposed tax decrease with no other changes will absolutely blow a hole in corporate tax revenue, from $350 billion per year to around $200 billion per year. This likely will put the US effective rate at or near the bottom of the list. What will pay for these tax cuts? Nothing, the deficit will explode. Supposedly "enhanced" economic growth at 4% will pay for the cuts - seriously? And my favorite, corporations will use the money saved in taxes to create new jobs and/or give pay raises - really? I don't know of one corporation that will create jobs or dole out pay raises just because money was thrown at them. Can people be dumb or gullible enough to believe that bit of nonsense? The shareholders (i.e. donors) will be the beneficiaries, not current or prospective employees. Tax reform and some lowering of effective corporate taxes is in order. Doing what the GOP wants is lunacy......
And because of Congressional "Paygo" rules,,,the Congress is mandated to find ways (after the fact) to make up for the debt they just incurred. Guess what that means? More "Sequester" nonsense. Mandatory cuts to EVERYTHING...to pay for tax cuts for corporations and the rich
Fiscal conservatives may kill this irresponsible stinker: "I'M THE KING OF DEBT!" If he believes that Putin will bail him out again, he's very naïve.
While our top rate is really high we have so many loopholes that the effective rate is so much lower and we are on the lower end when it comes to corporate taxes.
Our Effective Tax rates are Par with other G8 Industrialized nations. Republican Rhetoric ( LIES ) would have you believe otherwise.......... Tax reform for corporations should Close Loop holes especially if we're lowering tax rates. To " Drain the Swamp " We need Term Limits ! Congress Tax reform Bill only helps the Rich.
It's hard to understand how Republicans, in the wake of their Trump®Care fiasco, could contrive such a noxious confection. As with climatology, ideological dogma does not trump economics. Was the "immediate" repeal of 'ObamaCare' Priority #! or was it that "Big, Beautiful Wall!" that Mexico paid for? After the equally YOOJ! tax reform bill, it's on to rebuilding the nation's infrastructure!
You are among a growing group of conservative Americans disgusted with the current regime on a number of important issues, their bloating the national debt one conspicuous apostacy. Whether it is squandering money on a "big, beautiful wall", going pariah in the global effort to confront anthropogenic climate change, or groveling before Putin's brutal invasion of Ukraine or his interference in a US election, the cuurent Washington regime's opposition to the American public in issue after issue is reflected in the dismal approval numbers of both the self-proclaimed "King of Debt" and complicit congressional Republicans. (Trump Approval: 35%/Disapprove: 60%. Congressional Republicans: Approve: 15%/ Disapprove: 79%. Just a few:
I expressed my concern over Trump's (actually Congress's) health care plan and tax plan. I trust you are not projecting all those other things you mention onto me. I think Trump is doing a very credible job, especially with his resetting many foreign policies. (I'm not comparing them to the Obama/Clinton groveling reset with Russia right after their invasion of Georgia and with a misspelled red reset button.) He has done nothing wrong other than a couple of poorly worded tweets. Your approval ratings of the tax plan is eerily similar to Obamacare in 2010. And why not include the approval/disapproval of Congressional Democrats???
That the Affordable Care Act was once almost as unpopular as the Republican tax plan is something I have readily acknowledged. Congressional Democrats having less squalid numbers than Republicans is not particularly pertinent because it is the GOP that controls Congress in concert with a Republican president. It is their unpopular positions on a number of issues that results in the invariably execrable regard in which Americans hold them.
