@SarahD: hahaha you expect Republicans to act like grown ups? Lol. Good luck on that.
They mark their years out of power by being obstructionists, and then, when in power, are poor at governing.
I hope this movement continues and manages to keep Trump in check. 2018 isn't too far off, and that can reset the balance of power.
Women, minorities, those who need healthcare, and their old age secure.... we need that balance of power.
He has surrounded himself with wealthy cabinet appointees who came out in his favor early in the campaign. He has appointed many of them to head agencies they have denounced publicly.
He could be all about dismantling any social programs tomthe benefit of the rich and the detriment of the poor.
@SarahD: this is written by Steve Forbes, owner/publisher of Forbes magazines, amRepublican of course, once ran for President himself, and y very rich.
Talk about self dealing. This is a Christmas wish list for the rich!
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Why Trump's Tax Cuts Should Be Big And Bold
Steve Forbes , FORBES STAFF “With all thy getting, get understanding."
This story appears in the December 30, 2016 issue of Forbes. Subscribe CRUCIAL TO Donald Trump's success as President is a vigorous economic revival, and key to that is a big tax cut. Both the tax plan Trump issued during his campaign and the one put out by House Republicans are pro-growth. But pressure is growing to scale down the scope of a tax bill, such as delaying reductions for individuals. Timidity here would be a big mistake.
The incoming administration should expand its tax package when it formally takes office. As Ronald Reagan did with his tax reform in 1986, it should reduce the brackets to two: in this case, 25% and 10%; it should also cut the levies on capital gains from 23.8% (this includes a 3.8% ObamaCare add-on) to 15% or less. Revenues would go up, as they always do when this tax is reduced. Do the same with dividends. Combined with slashing the tax on profits for corporations and so-called passthroughs to 15%, these measures would help stimulate the creation of new businesses, not to mention energizing consumers and investors. Progress is impossible without investment, and that can't happen without capital creation.
Substantially expanding exemptions for adults and children would neuter the inevitable Democratic charge of favoring the rich. Boosting the earned-income tax credit, which gives rebates to low-income earners, even if they owe no income tax, would also minimize political fallout. In fact, it would be politically wise to pretend that the Democrats made this happen.
The left will also cry these tax cuts "aren't paid for" and will balloon the budget deficit. So nice that the Democrats are suddenly concerned about Uncle Sam's red ink. The key is whether the economy booms as it did in the 1980s--back then, even though the national debt more than doubled by expanding $1.7 trillion, the net wealth of the nation soared $17 trillion.
The economy blossomed, and U.S. high tech became the envy of the world. Remember, Washington is supposed to be run by we the people, not the other way around.
By going bold the Trump White House would be better able to mobilize public support and would have more maneuvering room when negotiating with Congress.
(See Steve Forbes’ new book, Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming the Fed Will Restore Hope and Prosperity.)
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@SarahD: that article is a lie. Revenues do not go up when taxes to the rich are reduced. Revenues go down for the poor because the tax revenues have been reduced.
What happens when you free up more money for the wealthy is they invest it. Not in buildings and factories and job creating efforts. They invest it on the stock market which produces NO new jobs. It is just rich people buying stock from rich people selling it. Not one job created....but tons of wealth created as the stock goes up.
@SarahD: most wealthy people buy that magazine. My parents and grandparents do too. They all invest. But they know what it means to have a strong middle class with the revenues and incentive to create jobs, open new business, and they even support more taxes on the wealthy.
@SarahD: Reagan gave the rich all kinds of tax cuts. It was a disaster, rose the national debt, impoverished many, and his promise of trickle down never trickled, lol. The rich got much richer with him, and through that became married to the GOP, and financed them gladly since then
@SarahD: not only because they are all rich....that isn't even 10% of the reason. Moreso, because those who put them in power are VERY rich.
Think Koch brothers etc. They didn't invest in Trump campaign much, but they invested hundreds millions down ballot, in State after State affecting state legislatures, and they have even experimented with school council elections..
They have a huge energy company, they have a massive vested interest in denying climate change, in opening up new drilling areas, and in deregulation.
They have spent billions on federal, state and municipal elections.
If you piss just those brothers off, you won't be running as a Repulican.
They have had an active hand in choosing the Trump cabinet. If you want to see what they want.....just watch Paul Ryan
