In the House’s recently released proposal to reform the tax code, tax brackets would be cut down from seven down to three with downward tax rate adjustments in all but the top tax brackets. In this case, the vast majority of workers throughout the USA would have benefited with a reduction in annual income taxes and a more simplified approach to the filing of those taxes. Also included in the proposal was a reduction of the corporate tax rate to one more globally competitive for U.S. companies. This move was seen by many as a job creator as well as an incentive to bring back off-shore money.
As soon as the House’s tax proposal was unveiled, the Left began with their usual chant that the plan did nothing more than benefit the rich. Of course, the Left never wants to offer any “tax relief” to the American people because then they wouldn’t be able to tax and spend and tax and spend. Giving tax relief to the masses would not benefit the liberal spending agenda that is aimed at one thing—buying votes. So, we have reached the usual impasse with the Left, who act as though giving the American people any tax relief can only be done at their discretion.
Now the Senate RINOs have offered up their version of tax reform, with the obvious goal of undermining the House version. In the Senate version, all seven tax brackets remain intact with only some rate variations within each level. According to some sources, this plan will hit up to 25 percent of the households with an income range between two and five hundred thousand dollars with higher annual taxes. The Senate proposal also calls for delaying any consideration of corporate tax relief until 2019—an obvious ploy to delay possible fallout before the 2018 midterms. Once again, their lack of political courage is stunning. If one truly believes that reducing the corporate tax rate would improve job creation, increase wages, and bring more money back into the USA, wouldn’t it be the right thing to do and to do immediately? But political expediency dictates their strategy, not the will of the people.
The liberal media is already referring to the Senate proposal as the “Trump tax plan,” which is a total misrepresentation since it was created by the Senate and does not align with Trump’s initial proposal. Negative aspects of the Senate plan have been highlighted, with the media digging up taxpayers who will be paying more. What a shame they did not expend the same energy on identifying those thousands of individuals who would lose their health coverage or see their premiums skyrocket under Obamacare rather than promote it as a new miracle healthcare plan for everyone.
If there is any credible effort on McConnell’s part to actually get a tax reform package on the president’s desk, there is no evidence of it yet. The alternative reform proposal offered up by the Senate certainly makes it appear that an effort is being made but that is the point. It is all smoke and mirrors, just as it has been on other issues addressed since President Trump came to office. McConnell and his band of phony Republicans caved on every front to Obama and his administration, and now they are dragging their feet on any reform getting passed by the Trump Administration. No doubt he will claim that the Senate tax plan was based on gaining bipartisan support in order to ensure the necessary votes for passage.
President Trump has stated many times over that the swamp in Washington D.C. needs to be drained. The performance of Senate RINOs over the issues of healthcare and tax reform definitely proves that there are many seats that need to be filled by conservative shoes. The presiding members ignore our outrage at their political lack of will and spineless inaction at their peril.
©Copyright WBrown2017. All Rights Reserved.