You are viewing a single comment's thread from:

RE: Hey Steemit Economists: Trump Tax Plan is More Failed Trickle Down Economics

in #dtube7 years ago

The notion that people will be paying more when the tax cuts sunset, is completely false. When (if) the Trump tax cuts expire, rates will return to where they are now. That is not an increase, it's a return to normalcy.

Secondly, why is no one talking about why the tax cuts are temporary? They are temporary to conform to the House rules. Democrats have come out in force against this tax bill from the beginning. In order to pass the bill without a Democrat filibuster, it had to go through reconciliation - where it could be passed with a simple majority, not the 60 votes normally needed. One of the strings that comes with reconciliation is the Byrd rule - that a bill can not add to the deficit outside of 10 years, which means it has to expire. For all the talk coming from Democrats about personal tax rates "raising" in 10 years, all they had to do was give the Republicans a 60 vote majority, and they would have been permanent. Instead, they are filling you people full of lies, in order to scare you into voting for them in 2018.

Coin Marketplace

STEEM 0.19
TRX 0.14
JST 0.030
BTC 60189.57
ETH 3204.49
USDT 1.00
SBD 2.44