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A Pro-Growth Tax Bill Is On The Way
Investor´s Business Daily, by Lawrence Kudlow

Original Article

Posted By:RockyTCB, 11/13/2017 6:08:38 AM

As the House and Senate work their way through the tax cut and reform effort, let me make one thing clear: Both plans are pro-growth, with the economic power coming from the business side. And where it comes from the personal side, there will be very little growth. That was always been the bet. During the spring and summer of 2016, economist Steve Moore and I, working with Trump campaign officials Steven Mnuchin and Stephen Miller, saw major tax reductions for large and small businesses as the centerpiece of the candidate´s tax policy. Whatever Congress came up with on the personal

      


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Reply 1 - Posted by: Spidey, 11/13/2017 7:00:33 AM     (No. 11450148)

Kudlow is a Reagan worshipper.That´s all he thinks about is some form of trickle down.It worked for JFK and Reagan butt he top rates back then were way over the top. I really don´t think there´s a hue and cry for tax cuts tax cuts right now, it´s a manufactured crisis.

They keep call it a middle class tax cut but what it really is,is a gamble investors will use to money to create jobs and create a labor shortage which would drive wages up. Not so fast,business wants cheap imported labor so few Americans would benefit/. Big companies already have huge scales of deductions.The average single person who rents pay the lion´s share of income taxes. The problem is most of that money gets squandered the EITC. So you have lower middle class paying for the even lower income people year end bonuses.Way more than they pay in.

I prefer getting rid of the income tax and instead have a national sales tax with lower rates on what poorer people buy.

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Reply 2 - Posted by: P51dmustang, 11/13/2017 9:00:19 AM     (No. 11450251)

Flat or National Sales Tax is what is needed for Pro-Growth in our economy today. Every one pays tax on the things they buy. Individuals do not receive more funds back than what they pay in for any given year.



The GOPe would wet themselves if they had to fix the tax system with a Flat or National Sales tax. Everything they are doing, only adds complexity to the already 4,000 plus pages of tax rules and regulations, and codes.

We need a one sheet tax form that can be completed by an individual, and down size the IRS.

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Reply 3 - Posted by: TOOTALL, 11/13/2017 9:17:00 AM     (No. 11450269)

When businesses can hire more and grow they pay those employees a salary. Those same employees pay taxes on that instead of receiving govt handouts. They also spend in the economy which leads to more jobs. It is pretty simple.
National Sales tax disproportionately helps the rich and hurts the middle and lower class. Flat tax could work, but rates need to be right.
I don´t know why scoring on these plans is not done with more realistic growth numbers. It makes the data useless. I say talk about the numbers outside the OMB if they won´t do dynamic scoring, and use the Nuclear option to push it through.
Don´t think the Dems won´t! And if there is no tax cut they´ll be in a position to do so!!

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Reply 4 - Posted by: MDConservative, 11/13/2017 10:24:17 AM     (No. 11450374)

Who´d wet themselves if a national sales tax was instituted is consumers, when they add that national 15 or 20 percent tax to the purchase of a new car, and then have to finance it for five years. The argument is that the access to one´s total income would offset the shock. It seems to me most people get shocked when the bill arrives, not their paychecks, unless they look at the various deductions, most of which remain.

I´m tired of this shell game on "taxes". Promises of thousands left in American pockets evaporate when the new code takes effect. And while the squirrels are chasing the empty shells, the real question goes without any attention - where are cuts to government expenses? Where are the "reasonable" reductions to every facet, including the military?

We pay way too much for everything the government touches, including our representation in Washington.

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