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.
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.
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.
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.
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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