If Congress did nothing more than drop business tax to 20%, get rid of the estate tax and get rid of the investment tax they would be ahead of the game. Then, if Republicans hold the house and senate in 2018, they can add another tax reform idea. Do one or two a year this way you can measure how successful they are.
TRANSLATION: Hey, wink.....wink... we all know that this bill raise the taxes of millions of middle-class Americans, but so what? This bill is written for and by our big donors, and thats who we have to placate. So everyone who is going to pay higher taxes, youre just going to have to suck it up and play ball. All right? Just shut up and take it!
Tax Reform is a term that can cover many modifications of the tax system, either good or bad. The Tax Reform that seems to be destined to come from the Republicans in Congress appears to be a rearrangement that will place more expense on the productive industries that we need to unshackle and is based on the zero sum principle that any reduction must be compensated by an increase in some other provision. Nothing good can come of that and much evil must come because such “reform” will be a cover for much new favoritism and political posturing with no net benefit except to the favored campaign donors.
Nice article Gov Bevin. Please share your thoughts with your swamp creature senate majority leader.
SPENDING reform is far more important than tax reform.
Tax Reform aint gonna happen. They’ll bring it back prior to the 2018 elections and then it’ll go back into the swamp where it currently resides.