First, the tax cut package is a home run for small business and the self employed, of which I am a member of that group. The number of self employed has been rising over the past 20 years and will continue to do so. Have you ever paid self employment taxes? Self employed face a lot of costs and regulations. I am hoping the tax plan was just the start of better things to come. The 20% self employment deduction is a nice start.
Good for you. That does not negate the damage that it will do to a lot of other people, such as those in high tax states who have lost a large chunk of their deductions for state and local taxes. When people have less disposable income, they buy less. Think about the effect of that on small businesses. You are also brushing aside the reality of the long term detrimental effects on the nation by blowing up the deficit. The whole idea of trickledown economics -which is what any benefit to the middle class is predicated on-was debunked as voodoo economics in the Reagan era. So enjoy your little tax cut while the rest of the country -except for the wealthy circles the drain but don’t be surprised if you get sucked down with it. Your short-cited selfishness – along with trite one-line snippet about who it benefits is what pissed me off. That and the lies being told by the right.
A)"
lot of other people, such as those in high tax states"
How many is "a lot of other people"... HMMM.....
California, Hawaii, Iowa, Minnesota, New Jersey, New York, Oregon and Vermont have the nation’s highest top state income tax rates.
Let's take just "California" with the HIGHEST tax rate: 13.3%.
8 States with the Highest Income Tax Rates
Per capita, Californians pay $1,991 annually in state income taxes, which ranks fourth highest in the country, according to the Tax Foundation.
http://www.politifact.com/californi...-true-californias-taxes-among-highest-nation/
But it is worse in California. Nearly 40 percent of Californians don’t pay any state income taxes and millions more pay next to nothing. Indeed, the majority of folks earning under $50,000 per year pay no state income taxes.
Tyranny of California's Nonpayers - Tax Foundation
B)
by blowing up the deficit.
the budget deficit narrowed to $74.86 billion in June, compared with $90.23 billion in June 2017, due to a 9% drop in government outlays. The spending decline largely reflected some accounting shifts and not actual spending changes. For instance, the Education Department revised estimates for the net costs of past loans and loan guarantees, according to a
Congressional Budget Office analysis.
C) Strange but here is another fact that hasn't happened since the records were kept.
Want more evidence that America's economy needs more workers? For the first time in at least 20 years, there are now morejob openings than there are people looking for work.
The ratio of unemployed workers to job openings dropped below one in April for the first time since the Labor Department started collecting data in 2000, the agency
reported Tuesday.
There are now more job openings than workers to fill them
Finally... all people like you can do is provide "SUBJECTIVE", hyperbolic, UNSUBSTANTIATED statements.
Do you understand when you write stuff like above more people ask themselves..."Where did he get that information"? Or where are the sources?
I've prepared substantiations that have knocked your truly subjective, hyperbolic statements out.