Where will Bannonomics go post GOP tax reform?

[bendog]

The anti-globalization premise is that I will be ok paying 10% (or whatever) for some good because a US worker will have more money to buy what I produce (or serve). Maybe that's sellable, maybe not. But Trump won the EV on it ... and Hillary's despicableness.

But the gop's tax munfifecence is aimed at the top 1% (and to the next 9% to lesser degrees depending on how close one is to the top). In short, Cohn and Munchkin (Wall St) won and the Alt R lost.

The history of the two party system is that any 3rd party or insurgent challenger is "assimilated." Some like the tea party/Perot just fade away. Others like the Dixie-crats find a home in one of the parties.

 

[Missourian]

When the top 10% pays like 50+% of all taxes, it's hard for them not to be affected the most by tax reform...but as a little guy, tax reform is without a doubt going to reduce my tax burden. And, I read or heard earlier today that the millionaires tax bracket will either remain the same at 39.5%, or perhaps increase.

Reducing the corporate tax will also reduce the benefits of moving offshore, and the repatriation of offshore earnings will give an already strong 3% GDP a shot in the arm.

I've said it a thousand times...businesses don't pay taxes...consumers do. I price my quarterly tax liability into my rates the same way I price in equipment, labor costs, fuel, insurance, repairs and maintenance.