The Soapbox

WahooMatt05

Joined: 08/30/2013 Posts: 26113
Likes: 48301


The bill is terrible


Start with why tax cuts now? Tax cuts should be used as an economic stimulus. The country as a whole is doing great economically. There's no need for across the board cuts (let alone cuts for the wealthiest Americans). Certain sectors of the country are struggling. If you want targeted tax cuts or spending in those areas, you won't get much of an argument. But running up the deficit with huge tax cuts leaves little option to implement economic policies in a few years when the economy turns. Then we will want to implement tax cuts. But that will be much harder to do when we are running huge deficits. The timing of this stimulus is terrible. It's not needed right now. If you want to fix the tax code, go for it. But not to the tune of $1.5 trillion in deficits that raises taxes on people who make less than $75,000. There's a way to go about doing this, and ramming it through without input from democrats (or hardly anyone else) is not an ideal way to do it. Also, the rushed time frame makes no sense. Proper analyses have not been done. For something this significant, it should not be rushed so that everything can be reviewed.

(In response to this post by Hoo23)

Posted: 11/20/2017 at 10:09AM



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Current Thread:
 
  
The end of all economic sanity. -- CobhamHoo 11/20/2017 08:46AM
  Ready, fire, aim -- NJHoo 11/20/2017 11:48AM
  New York magazine weighs in.... -- Hoo Fighter 11/20/2017 09:59AM
  Great job of detailing a lot of the bill's problems ** -- WahooMatt05 11/20/2017 10:43AM
  The bill is terrible -- WahooMatt05 11/20/2017 10:09AM
  You're right. Poor phrasing on my part. -- WahooMatt05 11/20/2017 1:31PM
  Yeah, I'm basically here too but there is a catch -- Faz d. Hoo 11/20/2017 10:24AM
  That is absolutely right. -- hoolstoptheheels 11/20/2017 10:18AM
  Perfectly reasonable question... -- Hoo23 11/20/2017 10:45AM
  The new rate on unearned passthrough income... -- PBCHoo 11/20/2017 11:34AM
  That's it? Simplification? ** -- Seattle .Hoo 11/20/2017 10:50AM
  How do you figure? ** -- Seattle .Hoo 11/20/2017 4:12PM
  2017 vs 2009 is apples vs. oranges ** -- 06 Hoo 11/20/2017 12:01PM
  Free lunch for corps? ** -- Shenhoo 11/20/2017 11:05AM
  The argument is that this is not the time -- CobhamHoo 11/20/2017 10:21AM

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