The idea on taxes

A quick thought:

It’s been a week and a holiday since the Tax Cuts and Jobs Act was passed, and by and large the reaction from the political opposition has been predictable: more misinformation on top of the lies they had already been spreading.

Their favorite piece of half-truth is telling gullible voters that the middle class will pay more in taxes. Their dubious claim is that 80-odd million middle class taxpayers will see their taxes go up – problem is that this combines their increased income in a handful of years with the expiration date of the bill. Granted, the individual cuts have an expiration date but the chances are these rates would be here to stay unless a future Democrat administration raises them. Thanks to a Republican House and need to make a budget deal, even Barack Obama kept most of the Bush tax cut around when it came up for renewal.

Yet the Trump tax cuts (and I guess we can call them that) passed without a single vote from Democrats. Obviously they are banking on the misinformation fed to the willing press and lapped up by TDS (Trump Derangement Syndrome) sufferers to motivate them to come out next year and flip the House and Senate so they can paralyze the Trump administration with constant investigations and resume the slow-paced economy of the Obama years.

On the other hand, the GOP is also taking a risk. There are a lot of people who have bought the “tax cuts for the rich” narrative so if the economy stumbles despite the tax cuts for both individuals and businesses the Democrats may well have the House handed to them.

But imagine we hit 4% or even 5% economic growth in the second half of 2018 because people find out they have more money to spend and other nations find themselves unable to compete? Then the question has to be asked of Democrats: why did you object in such a kicking and screaming manner? Well, we know the answer: to them government is the true owner of all property, including yours. Why else would they object to citizens keeping their money?

I know I’m going to be pleased to have some of mine back.

Comments

Comments are closed.

  • I haven't. Have you?
  • 2018 Election

    The Maryland primary election is June 26.

     

    Governor

     

    Republican:

    Larry Hogan (incumbent) – Facebook Twitter

     

    Democrat:

    Rushern Baker – Facebook Twitter

    Ralph JaffeFacebook

    Ben JealousFacebook Twitter

    Kevin KamenetzFacebook Twitter

    Rich MadalenoFacebook Twitter

    Alec RossFacebook Twitter

    Jim SheaFacebook Twitter

    Krish VignarajahFacebook Twitter

    Candidates for Libertarian and Green parties will be added after primary.

     

    Comptroller

     

    Republican:

    Anjali Reed PhukanFacebook Twitter

     

    Democrat:

    Peter Franchot (incumbent) – Facebook Twitter

     

    Attorney General

     

    Republican

    Craig WolfFacebook Twitter

     

    Democrat

    Brian Frosh (incumbent) – Facebook Twitter

     

    U.S. Senate

     

    Republican

    Tony Campbell – Facebook Twitter

    Nnabu EzeFacebook

    Gerald Smith

     

    Democrat

    Ben Cardin (incumbent) – Facebook Twitter

    Chelsea Manning – Twitter

    Jerome SegalFacebook Twitter

    Rikki VaughnTwitter

    Debbie “Rica” Wilson

    Candidate for the Libertarian Party and the independent will be added after the primary.

     

    U.S. Congress -1st District

     

    Republican

    Martin Elborn – Facebook Twitter

    Andy Harris (incumbent) – Facebook Twitter

    Lamont Taylor – Facebook Twitter

     

    Democrat

    Michael Brown

    Jesse ColvinFacebook Twitter

    Allison Galbraith – Facebook Twitter

    Michael Pullen – Facebook Twitter

    Steve Worton – Facebook Twitter

    Candidate for the Libertarian Party will be added after the primary.

     

    State Senator – District 37

     

    Republican

    Addie Eckardt (incumbent) – Facebook Twitter

     

    Democrat

    None yet. I’m sure there will be.

     

    State Senator – District 38

     

    Republican

    Mary Beth CarozzaFacebook Twitter

     

    Democrat

    Jim Mathias (incumbent) – Facebook Twitter

     

    Delegate – District 37A

     

    Republican

    None yet. One is needed.

     

    Democrat

    Sheree Sample-Hughes (incumbent)

     

    Delegate – District 37B (elect 2)

     

    Republican

    Chris Adams (incumbent) – Facebook Twitter

    Keith Graffius

    Johnny Mautz (incumbent) – Facebook Twitter

     

    Democrat

    Dan O’Hare

     

    Delegate – District 38A

     

    Republican

    Charles Otto (incumbent)

     

    Democrat

    Kirkland Hall, Sr.

     

    Delegate – District 38B

     

    Republican

    Carl Anderton, Jr. (incumbent) – Facebook Twitter

     

    Democrat

    None yet but they’ll find one.

     

    Delegate – District 38C

     

    Republican

    Wayne HartmanFacebook

    Joe Schanno – Facebook

    Jim Shaffer

    Ed TinusFacebook

     

    Democrat

    None yet but they’ll find one.

     

  • Categories

  • Archives

  • Link to Maryland Democratic Party

    In the interest of being fair and balanced, I provide this service to readers. But before you click on the picture below, just remember their message:

  • Part of the Politics in Stereo network.