There’s more to this tax bill than what the propaganda about “middle class tax cuts” says. But its what we are getting.
President Trump is cutting a deal with Corporatist Republican politicians who don’t want to stop spending on the welfare state because the crony capitalists want it to exist.
So I support Trump but I give no credit to the GOP on this because its part of their agenda to tax people other than big corporations and keep on spending money on the bureaucracy and welfare state.
I have a positive view of cutting corporate tax rates, so long as those cuts are offset by some kind of re-investment incentive in manufacturing within the United States. In other words, it does no good to cut corporate taxes if the end result is solely to make corporations richer, while they still offshore all the skilled jobs (or continue to employ increasing amounts of H1B1 visa workers). If there’s no reason to repatriate wealth to the US, what’s the point? In fact, I’d even be willing to pay more, if I knew I could earn a larger salary as a result of growth. I do think Trump gets that equation. He might be rich but he, at least, reputedly pays well for good reason. It keeps people happy, and reduces costly turnover and loss of skilled labor. We’ll see. Congress is not looking out for anyone, so I hope Trump does.