So, why do we need tax cuts now?

[Mini Me]

I'm opposed to the tax cuts. The economy has been and is doing fine. Corporations are sitting on record amounts of dough and interest rates are incredibly low. If there was real demand for a corporation's goods and services beyond their current capacity, they would have borrowed the dough to build. It's expensive to build stuff here, especially if a business has to hire you or I. Worse, you and I aren't necessarily the employees we once were. In any case, if corporations need dough, let them borrow it.

As far as tax cuts for you and I, let's get real. The last number I heard was $688 bucks a year for the average family making between 50 and 80 thousand a year. What are you planning to do with your extra $13.25 a week. Seriously! This is a glitzy attempt by my party to disguise a "cash for clunkers" program as huge, dramatic tax cut and reform. Please, people aren't stupid. Most of us don't pay much, if any Federal tax to start, so unless they're planning on giving us a freebee, the real tax break dough is going almost entirely to those who don't really need it in the first place. They wouldn't know "week to week" if it came up and bit them in the arse.

Throw in the fact, that most of these new rules will expire anyway, I bet you'll see your taxes soar in five or six years. Unless of course you're a corporation, for which, the cuts are permanent. Sounds fair to me................

But hey, it is what it is and you'd all hate my solutions anyway; so belly up to the bar and enjoy the "greatest tax cut" in history. We sent them to Washington, so I guess we're getting exactly what we demanded.

Good post! Its timed so the next regime will get the tax increases. That means the Dems!

[Peter1469]

Good post! Its timed so the next regime will get the tax increases. That means the Dems!

They won't win on a tax increase agenda. They will run anti-Trump, not mention a tax increase, and then cramp one through if they win.

[Tahuyaman]

Come on now. How much? Social Security & Medicare/caid combined aren't 1.5T a year. Tens of trillions over the last several years? I think not! Sources for those numbers please.

we have transferred tens of trillions of dollars to the needy and lazy through the supposed "war on poverty". How much more should we throw down the drain?