Showing posts with label Tax Reform. Show all posts
Showing posts with label Tax Reform. Show all posts

Thursday, December 21, 2017

Tax Reform Cometh

Well alright now.

This tax reform bill is a major win for Trump and a major win for old style neo-conservative policy wonkdom.

Rates are redefined and cut, the corporate tax rate is cut, much of the code is simplified.

But we love the extra goodies. This includes opening up the Arctic Wildlife Refuge to oil exploration and most importantly the repeal of the Obamacare Individual Mandate. As far as the rest of Obamacare goes, that's policy and I don't really give a fuck.

The mandate was as vile as the Indian Removal Act or the Fugitive Slave Act, a law that redefined the relationship between state and citizen. Now it's history.

Winning

Tuesday, October 10, 2017

Trump Punishes his Enemies

So in his tax overhaul President Trump wants to eliminate the Federal deduction for state taxes.

Foreign reader(s) should understand that this allows an American to count his state taxes against his Federal taxes.

This idea is a major revenue raiser.

More interestingly, eliminating the state-tax deduction will have a yuuge impact on the blue states that voted for Hillary! Fore example the California state income tax is 13%.

This is very important to California, Illinois, New York, our own New Jersey.

Texas, not so much.

President Trump is following one of Barrack Hussein Obama's rules, 'Reward your friends and punish your enemies.' He owes Illinois nothing.

He's also put the Democrat Party in the position of having to defend tax deductions. This will also cause a split between leftists who love high taxes (Bernie Sanders and his Brooklynite hipsters) and Dem congress-critters who have to defend their constituents.

God, the man can sense weakness.

Justifiably smug