Thursday, November 9, 2017

Republican Timeout Analysis

Is it time up for Congressional Republicans or a timeout? Congress and the President are hell-bent to pass "tax reform" legislation. However, they have not been forthcoming about what it is they are trying to fix.

Are they trying to simplify the tax preparation process?

If that is the aim, their strategy appears to be to eliminate deductions and to replace them with an increase in the standard deduction. The trouble with that is centered on which deductions are eliminated and how much allotment taxpayers get in return.

The spirit of the Republican strategy and aim is worn on their sleeves. They want to reduce corporate taxes and lower the tax rate on wealthy persons under the theory of trickle-down economics. That is a non-starter for Democrats and the Middle Class because it doesn't work.

Republican rhetoric says they want to benefit the Middle Class. However, their numbers don't work. They take away from the Middle Class and poor to feather the bed of wealthy donors.

Even if they take a timeout, they can't fix their approach without a revolutionary change in ideology. That isn't going to happen as there is no time for that even if Republicans wanted, which they don't.

Now, they are like a smaller herd of mastodons running for the cliff chased by Democrats bearing speers.

"GOP PUSHES FORWARD ON TAX PLAN FOLLOWING ELECTION LOSSES "Despite a growing sense that a Democratic wave could be coming in 2018, House Republicans showed little sign of letting up on their tax proposal Wednesday, with a bill set to move out of committee on a party-line vote Thursday and onto the floor as early as next week." According to the Congressional Budget Office, the current GOP tax plan would add $1.7 trillion to the national debt. [HuffPost] 


Image: Ancient Origins

1 comment:

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