Higher learning? Hardly. Watch as these “educated” college students regurgitate the “Trump bad” mantra and then turn right around and praise the Trump tax plan when they think it came from Bernie Sanders.
It would be pretty funny if it wasn’t so sad. It’s this kind of ignorance that all totalitarian regimes have been built on.
President Donald J. Trump is said to be shaking his head (again) at the Republican leadership in Congress who are now proposing to RAISE the tax bracket on low-income Americans. Yes, you read that right.
These Republicans are quick to point out that while they are doing that, they are also proposing to double the individual and married deduction rates to $12000 and $24000, respectively – meaning the proposal is actually a significant tax deduction.
While that might be true numbers-wise, POTUS Trump is reportedly uneasy with the complication of selling something to the American people that has the lowest tax bracket being raised from 10 to 12 percent and then having to explain that the raise in rate will be more than offset by raising the deduction rate.
You see, even in trying to explain it things come off a bit confusing and Mr. Trump wants to keep things simple. Congress on the other hand seems all about complication on top of complication.
“IDIOTS! WHY NOT KEEP THE RATE THE SAME AND STILL RAISE THE DEDUCTION RATE? THAT’S SOMETHING WE CAN SELL TO THE PEOPLE . DEMOCRATS CAN’T OPPOSE THAT.”
So bellowed a member of the Trump inner circle earlier this week. POTUS Trump is scheduled to speak about the pending tax plan to a large crowd of supporters in Indiana but will likely be short on details. He wants to leave the door open for further negotiation and simplification of what is still coming out of Congress.
The good news is rates are going down and there will be fewer brackets, perhaps as few as three from the current number of seven. If Republicans do actually give Mr. Trump what he wants it will be the most significant tax system overhaul since Ronald Reagan’s reform in the 1980’s that resulted in the booming economy of the 1990’s. (And it should be noted Bill Clinton drastically reduced capital gains taxes at that time as well which gave a powerful economic 1-2 punch that worked in conjunction with the earlier Reagan tax cuts. Yes, there was a time when Democrats were willing to lower taxes.)
With yet another failed attempt to repeal and replace Obamacare, tax reform remains the most important opportunity for Mr. Trump to deliver something legislatively significant to the American people.
Will Congress let him?
We should know soon.
Team Trump is on something of a roll of late. (Even as special counsel Robert Mueller tries to find something, anything, to harm Trump with) He successfully used a few Democrat leaders to alarm Republicans enough to revisit dismantling Obamacare. His approval ratings have bumped up. The economy is chugging along at a respectable if not yet spectacular pace. World leaders have learned to respect his refusal to play by their rules. And his base of millions of supporters remain as devoted to the Trump agenda and Trump the man as ever.
Which bring us to the ongoing dance between an increasingly capable and confident Trump and an arrogant, petulant, do-nothing Congress. POTUS Trump is sending a clear message to Republican leaders: Give Americans their tax cuts or get the hell out of the way.
Congress is responding. Its members, particularly red-state members, are fearful of a significant voter blow-back come Midterm Election time. These voters were promised results for all of Barack Obama’s eight years and all they received was a torn and tattered and too costly healthcare system, higher cost of living, fewer jobs, too much division born from politicians and the media pitting groups of Americans against each other, a lower standing in the world, a skyrocketing long-term deficit…the dark news went on and on and on.
Team Trump is letting Congress know tax cuts are not a consideration but a duty repeatedly promised to the American people. Give them their money back – or else:
Voters are messaging their members of Congress and demanding they support the Trump plan. That effort appears to be working as even some Democrats are carefully and quietly reaching out to their Republican counterparts asking to be a part of a Trump-approved tax cut/reform effort.
When Mr. Trump is telling them to “move fast” he’s also letting them know that should Congress fail to do so it’s time they move out and let someone else in who wants to actually get things done for the American people.