The tax cuts proposed work EXACTLY as intended.
1. Give families a tax cut that do NOT itemize, especially senior citizens, or empty nesters that still work.
2. Give small business an easier way to expand.
3. We spend over 400 billion on tax preparation, and that will eliminate much of that, basically giving another hidden tax cut.
4. Lower corporate tax to make it easier for JOBS to stay here.
5. Remove as much power as possible from LOBBYISTS, and who on here doesn't like that!
6. Lower the tax on offshore profits already made, to make it palatable for those corporations/companies to bring the cash back. And what leftists do NOT understand is this-------> while it will not happen.......not 1 of those dollars has to be spent by said corporations, to expand their business for it to help the economy grow.
How/why is that?
Because the banks will be able to LOAN it out to others at very LOW rates, because they do NOT have to go to the federal reserve for any cash; and loan it out they will. Nobody but an uneducated leftist thinks that people put money in the bank, and it just sits there. The instant money hits the bank, (besides what the fed insists the % of that money a bank MUST hold on to in reserve) they try and find someone to LOAN it to so as they can make a profit. So you dump a trillion or 2 into the banks laps, and banks actually have large sums of cash to loan out, WITHOUT the fed printing more lowering the value of a dollar for all.
I urge all to imagine---------> 2 trillion dollars infused into the economy moving around. Every time it moves and profit is created, it is TAXED! That 2 trillion will easily be converted into 4 or 500 billion in TAXES as it grows. I mean seriously, how dumb are we?!?!?!?!?! 2 trillion that was not here, will now be here, and as it moves in and around, it is taxed as profit is made of its usage. You gotta be really dumb not to like free money for the government, especially when it isn't coming out of your pocket!