Wednesday, September 27, 2017

It''s a Republican Congress


So when it comes time to spend money, say on the military, they vote to give away $30 Billion more than requested. And when they it comes time to pay for all the wasted money in the military, they slash taxes. And when they slash taxes and leave the government without funds they slash and eliminate and and all government services that aid the population.And all the time they brag about how they are reducing your taxes which doesn't really happen.
Republican leaders on Wednesday proposed slashing tax rates for the wealthy, the middle class and businesses while preserving popular tax deductions that encourage buying homes and giving to charity, according to a nine-page framework they hope will eventually unify the party behind a proposal to revamp the U.S. tax code.

But the document, titled “Unified Framework for Fixing Our Broken Tax Code,” leaves many key questions unanswered. In it, the White House and Republican congressional leaders do not identify the numerous tax breaks they say will be removed to offset some of the trillions of dollars in revenue lost by cutting tax rates.

The framework is being presented to Republicans and the public Wednesday as a starting point for negotiations on a tax deal. Congress would have to vote the changes into law, and Republican leaders are now tasked with resolving controversial questions to unite their party — and possibly some Democrats — behind tax legislation.

The White House and GOP leaders negotiated for months and have agreed in large part only on the taxes they want to cut.

They propose, among other things, cutting the corporate tax rate from 35 percent to 20 percent and making it much easier for multinational companies to bring money earned overseas into the United States. This is roughly in line with a long-standing House Republican goal, though President Trump has consistently pushed for the corporate rate to be lowered to 15 percent.

They also propose collapsing the seven individual income-tax brackets into three and allowing more people to qualify for the Child Tax Credit, designed to help low-income working families.

But they stop far short of offering a complete plan, a calculated decision they made to delay attacks from business groups they fear will erupt once they realize some of their favored tax breaks could be eliminated.

Some budget experts believe the blueprint outlined by Republicans on Wednesday could decrease government tax revenue by more than $5 trillion over 10 years. To offset some of that loss, Republicans need to identify tax benefits that they plan to jettison. That process has not yet begun.

“I hope that people will have the intestinal fortitude it’s going to take to do it right,” Sen. Bob Corker (R-Tenn.) said late Tuesday. “People say the health care was hard — you have no idea. You have no idea how this is going to be.”
And not only will it be hard, Sen. Corker knows the result will be so bad he won't stand a chance of re-election so he is getting out in 2018. In the meantime the incomplete barebones "plan" that has been revealed is merely for the purposes of establishing the narrative of its goodness. The evil it does will remain undercover until it is too late to stop it.

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