There are many things wrong about or current U.S. income tax system, particularly after the changes made by the misnamed 2017 “Tax Cuts and Jobs Act” that was passed in the dead of night by Republicans desperate to appease their political contributors; too many to cover in this diary. Therefore, this is not a comprehensive critique, but I offer some proposals with respect to what I see as the main problems with the Republican tax bill.
How to Fix the Disastrous Republican Tax Law
Specifics you will soon be hearing about as this disaster gets overturned.
And have no illusions in your mind, it's going to be overturned.
Can you explain how it will be overturned when your political party does not have the Senate nor the White House?
Do not kid yourself to believe 2020 is a lock...
I'm thinking that the 2020 democrat Budget will include a tax increase on the top rate. Sign it or shutdown the entire government. What would Trump and the GOP do? There is no real downside. The Deficit would be reduced, that's a good thing. I only wonder what their funding priorities will be? The end of the Federal government could be in the offing if they can't agree
Exactly. The House controls the budget.
Mitch McConnell can bring it up for a vote or not.
Then we go into the election cycle with the government shut down. Again.
That has worked so well for Republicans so far hasn't it?
Lets recap the 2020 election cycle, shall we.
The government shut down over tax cuts for the rich.
8 million Americans, and counting no longer have health care.
Trump takes away funding for Planned Parenthood.
11 million Americans lose tax deductions, refunds, and get tax bills they never have before.
The investigations in the House, the Southern District of New York, and Robert Mueller, continue uncovering the crimes, sleaze, and corruption of the Trump Crime Syndicate.
And just think. The Republicans still have 22 months to make it even worse.