President Donald Trump’s promised and much-anticipated tax reform proposal was announced on Wednesday and it’s pretty much exactly like what conservatives have been clamoring for for years.
“Nothing embodies the Washington DC swamp better than the U.S. tax code,” noted Richard Viguerie of ConservativeHQ. “The Congressman and Senators who write it, the lobbyists who work to manipulate its arcane rules to benefit the inside few and the Internal Revenue Service that enforces it – or not – form one of Washington’s most fearsome iron triangles.
“And yesterday, President Donald Trump took them all on.”
The number of tax brackets would be reduced from seven to three. Bye-bye marriage penalty. Bye-bye death tax. Bye-bye alternative minimum tax.
The corporate tax rate would be slashed from 39% to 15% - which will further fuel domestic employment. The capital gains tax would shrink from 28% to 20%. And the absurd number of deductions – other than home mortgage and charitable – that have allowed mostly wealthy individuals to escape higher taxation would be 86’ed.
“President Trump has re-energized the drive for fundamental tax reform that creates growth and jobs,” said Grover Norquist, president of Americans for Tax Reform and scheduled speaker at the 2017 Conservative Leadership Conference.
“The plan cuts taxes for businesses and individuals and simplifies the code so Americans can file on a postcard. Reducing taxes on all businesses down to 15% will turbocharge the economy.”
The deal still has to pass Congress…but Republicans control Congress. So the only thing standing in the way of this dramatic tax reform overhaul is Republicans in Congress.
We’re doomed.
Cheers.
Dr. Chuck Muth, PsD
Professor of Psephology (homeschooled)
Nevada’s #1 Irritator of Liberals and RINOs
P.S. In case you missed it, ObamaCare REPEAL is alive and kicking. But now it’s the MODERATE Republicans in the House who are complaining instead of the conservatives…as it should be.
One of the big sticking points reportedly is that moderates think old, sick people should be charged the same rate for health insurance as young, healthy people. That’s like charging non-smokers the same rate as smokers. It simply makes no sense.
If ObamaCare repeal doesn’t happen now, it won’t be President Trump’s fault and it won’t be conservatives' fault. And moderates WILL pay the price at the polls in 2018. Bank on it.
HEADLINES
- Poll: 93% of Trump Voters Approve of His Performance
- Trump to Order Probe into Aluminum Imports
- Trump Getting Rave Reviews From Social Conservatives
- Trump: 'Absolutely' Looking to Break Up 'Outrageous' 9th Circuit
- Trump Orders Review of Federal Role in Education
- Mnuchin: Trump Has 'No Intention' of Releasing Tax Returns
- Chaffetz Takes Leave From Congress Over Medical Issue
- House Lawmakers Not Keen to Restore Vote to Some Ex-Felons
- Texas House OKs 'Sanctuary City' Ban With Tough Jail Penalty
- Obama Spokesman Defends $400K Wall Street Speech
- NASA Spent $200M Past 10 Years on Unfinished Spacesuit
- Report: Trump Restores Troop-Level Authority to Pentagon
- French Intel Report: Obama Deal Failure, Syria Maintains Chemical Weapons Arsenal
- Le Pen Upstages Macron in Battle for Blue-Collar Votes in French Presidential Contest
- Report: Spy Agencies Worry Pot Bans Hurt Efforts to Recruit Young People
- Soros-Backed NGO Braced for Polish Crackdown Over Norwegian Aid
NEVADA NEWS & VIEWS
Congress held a hearing in Washington, DC on Wednesday to discuss restarting the study on the suitability of Yucca Mountain as home of the nation’s nuclear waste repository. And as usual, Nevada’s congressional delegation marched lemming-like into the hearing with knee-jerk opposition to the project.
I’m not saying I’m for or against the project itself. I’m saying I’m for hearingBOTH sides of the issue without the requisite in-state sky-is-falling hysteria and political posturing and propaganda the citizens of Nevada have been subjected to for the last three decades over the project.
For example, Rep. Jacky Rosen (D-Nevada) said at the hearing that nuclear waste would be shipped from around the country to Yucca MountainTHROUGH Las Vegas. But my understanding is the proposed train routes wouldn’t come anywhere near Sin City, but instead would come in from the east through Caliente or from the north through uninhabited land owned by the federal government.
So which is it? Is Rosen lying to us? Inquiring minds wanna know.
Sorry, but after years of fear-mongering BS from Nevada’s self-serving politicians, I simply don’t believe a word any of them say on this issue. And that’s why I support a full, open study of the project. Give Nevadans the facts, not the folderol, and we citizens can make up our own minds.
- Muth's Truths: Why I Won’t Let Go of the Las Vegas Trash Contract Fiasco
- Root: A sure-fire way for Donald Trump to build his wall
- Weinberg: Murdoch's Eurofop Spawn Does In FNC, O'Reilly
- Trump Will Sign An Executive Order Creating An Office To Get Rid Of Bad Veterans Affairs Employees
ACTION ALERT!
Say “NO” to SB173, sponsored by appointed State Sen. Yvanna Cancela (D-Culinary Union) that would force charter schools to pay higher union wages on construction projects even though charter schools don’t receive the same taxpayer funding for such projects as regular public schools.
Just click on this link: https://www.leg.state.nv.us/
1.) Enter the bill number2.) Click the “Against” button3.) Enter any general comments you’d like to share (not required)4.) Enter your name and address (phone and email address are not required)5.) Hit the “Submit” button
Legislators DO look at these vote tallies before voting on controversial bills, as will the Governor’s office when weighing whether or not to veto a bill. So thank you for weighing in and making a difference!
FAMOUS LAST WORDS
“While his predecessor wrapped rolls and rolls of red tape around the nation’s entrepreneurial class, Mr. Trump has set records when it comes to repealing administrative mandates.” – Las Vegas Review-Journal editorial, 4/27/17
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