Sunday, November 12, 2017

The GOP Tax Cuts

Mnuchin Stands by Trump That GOP Tax Cut Is Biggest Ever

Steven Mnuchin stood by President Donald Trump’s declaration that the Republican plans now working their way through the House and Senate will deliver the biggest U.S. tax cuts ever. But the math says otherwise.

I don’t think we know enough about what the tax cut will look like.  They’re still arguing on what corporation tax cuts will look like and when they will happen.  What deductions on the personal side will be included and which ones won’t.  And they want this done by Christmas?

The biggest problem with the government budget is spending.  The government needs more and more money.  Can’t cut entitlements.  Can’t cut the military.  Can’t cut interest payments on the national debt.

What’s spending is there left to cut?

I think the Republicans know that they have to cut taxes.  They will cut taxes. 

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