Republicans to unveil broad tax cuts, put off tough decisions

[applegrove]

https://www.washingtonpost.com/news/wonk/wp/2017/09/26/republican-to-unveil-broad-tax-cuts-put-off-tough-decisions/?hpid=hp_hp-top-table-main_taxes-730pm%3Ahomepage%2Fstory&utm_term=.67c1e71fc413

By Damian Paletta, Mike DeBonis and Carolyn Johnson at the Washington Post

"SNIP........


Republicans’ “unified” framework, which they will release and promote Wednesday during speeches and meetings, aims to cut taxes by more than $5 trillion over 10 years and recoup more than half of that lost revenue by eliminating numerous tax breaks.

By refusing to specify on Wednesday which tax breaks could be jettisoned, GOP leaders make a calculated effort to try to postpone any backlash while they try to build a coalition, said the people, who spoke on the condition of anonymity because they were not authorized to discuss the internal negotiations.

But they plan to lean heavily into promising Americans that the tax changes will lead to a wave of economic growth that will spur new jobs and better wages if the tax blueprint is passed into law.

[Half of Americans think President Trump’s tax plan will favor the wealthy]

Trump told a group of Democrats and Republicans on Tuesday the tax framework could lead the economy to grow more than 6 percent a year, more than double what even his advisers had hoped for, and a view that many economists believe is preposterous.


........SNIP"

[applegrove]

1. Trump is being snowed if they told him there would be 6% growth. That

is China and India style growth as in hundreds of millions of people becoming middle class as hundreds of millions move off the farms every year for decades. Not about to happen in the US.

[SoCalMusicLover]

2. Why Stop At 6%?

Might as well promise 10% growth. Hell....it's only a number. And when it doesn't happen, I'm sure blame can be placed somewhere else. People will have probably forgotten the promises anyways.

[bobGandolf]

3. And we know this tax cut will be geared for ...

the middle class. (Dream on)
Let's face it, we all know the tax break is for business, and uber rich.

[briv1016]

4. No "tax reform" until Donald releases his returns as promised.

The Dems need to make this argument and stick to it. Put it all on Donald's hands.