Fresh off yesterday’s failure theater concerning the repeal of Obamacare, the GOP establishment is trying to convince us they are now focused like a laser on tax reform.
Republicans will unveil sweeping changes to America’s tax code Wednesday in a proposal that dramatically lowers taxes on businesses and many households but remains silent on thorny issues such as how to pay for it all.
The framework—a joint product of the Trump administration and Republican leadership—calls for lowering the corporate rate from 35 to 20 percent. It would also bring down the rate for so-called pass-through businesses to 25 percent; currently, they are taxed under the individual code.
The plan, described to CNBC by multiple sources, would collapse the current seven personal tax brackets to just three: 12, 25 and 35 percent. It eliminates the deduction for state and local taxes, but nearly doubles the standard deduction. The child tax credit also would be substantially increased, though it was unclear by exactly how much.
Serious question: Does anyone actually believe GOPe scrubs like McCain, Collins, et al will agree to tax cuts? You can count the true conservatives in the Senate on one hand, and ironically, Donald Freakin’ Trump is acting more like a conservative than most of them.
The O.K. Corral 
Where is my wall? I was promised a wall.
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Toothy – Endorsed! I was also promised many fabulous babes. I think that was early in Trump’s candidacy, though.
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How to pay for the tax cuts? Let me suggest:
1) Eliminate the Department of Energy. It hasn’t drilled a single oil well in its existence. Lay off every employee. Do not hire any of them into any other federal agency, department, or position. Except for their individual 401(k) funds, merge their retirement pension funds with the Social Security Trust Fund.
2) Eliminate the Department of Education. It hasn’t taught a single student in its existence. Lay off every employee. Do not hire any of them into any other federal agency, department, or position. Except for their individual 401(k) funds, merge their retirement pension funds with the Social Security Trust Fund.
3) Eliminate the Transportation Safety Administration. It only provides kabuki theatre and delays at airports. Lay off every employee. Do not hire any of them into any other federal agency, department, or position. Except for their individual 401(k) funds, merge their retirement pension funds with the Social Security Trust Fund.
4) Eliminate the EPA. Repeal/revoke all regulations issued by the unelected bureaucratsLay off every employee. Do not hire any of them into any other federal agency, department, or position. Except for their individual 401(k) funds, merge their retirement pension funds with the Social Security Trust Fund.
5) Disband or transfer to the U.S. Marshals all Federal agency’s armed security forces, except the Immigration Customs Enforcement officers. The BLM, EPA, Federal Reserve, etc. security forces can be used as political enforcers and should be under the scrutiny of the professional law enforcement officers of the U.S. Marshals. Those too old or not fit to pass a strenuous physical should be forced to retire.
6) Confiscate all Congressional Pension funds and funds of the Federal workforce. Except for their individual 401(k) funds, merge their retirement pension funds with the Social Security Trust Fund. The taxpayers didn’t vote these people their cushy retirement packages. They should equally share the misery that they have given us.
Well… its a start.
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TXNick – 7) Cut congressional salaries by 50%, or pay them an hourly wage, dependent upon clocking in and out every workday.
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Pay them like we do in Texas: only when the legislature is in session. And the sessions are every other year.
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Exactly. American politics was never intended to be treated as a career. The Founders never envisioned that, and rightly so.
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I agree with everything TXNICK77 said. We need to get rid of a bunch of those useless departments that do more harm than good and give more authority to the states. I also agree with the pension comments. Our elected officials have been very generous to themselves while in office. They ought to have to live on my salary and SS widow’s benefits to see how the real world works.
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Metoo – Exactly. You should never be able to get rich in politics. That’s what breeds the corruption.
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