Tax plan puts Trump and Republicans on the hook

President Trump is unusually ebullient when it comes to political victories. And with an obstructionist Congress and insurgent press, they have been rare indeed. However, there was a lot of crowing over the holidays as the Tax Reform bill squeaked through Congress on a purely partisan vote. President Trump, along with Congressional leaders such as Paul Ryan and Mitch McConnell, is very vocal about taking responsibility for the “largest tax cut in our country’s history”. Some enthusiasts are happy with the result. Many other analysts are not sure how this…

What would real tax reform look like?

Watching the GOP self-immolate on their so-called “tax reform” bill is both painful and sickening. Like so many other efforts, it’s really just a reshuffling of the deck chairs, moving around various deductions and exemptions while barely fiddling with the rates. It’s rapidly turning into a PR disaster with unpopular items such as an exemption on private jets, eliminating deductibility for graduate school, and cuts to Medicare that holy crap will you anger AARP members who actually show up to vote. It’s almost like the GOP got a list of…

Tax reform turmoil

“The tax plan that the Trump administration outlined on Wednesday is a potentially huge windfall for the wealthiest Americans. It would not directly benefit the bottom third of the population. As for the middle class, the benefits appear to be modest.” – NY Times, 10/27/17 Senate Minority Leader Chuck Schumer, D-N.Y., suggested Friday that former President Ronald Reagan would not be a fan of President Trump’s and Congressional Republican’s push for tax reform and would consider it an “absolute catastrophe.” – Washington Examiner, 10/27/17 With the details still in the…

New Year’s Resolutions for America

A new year is upon us. A look back on 2014 seems to illicit more questions than offer answers. Politically it was a volatile year with much intrigue and endless story lines from Washington. With a new year arriving much too rapidly, we must forge ahead under tenuous circumstances. With an ever hopeful eye to the future, I post a few New Year’s resolutions for 2015. Rather than typical talk about diet, exercise, more time with family and friends or the other standard stuff that comprises so many resolutions, I…