Trump's Tax Reform Is Aimed At Punishing Democratic Voters

[UCmeNdc]

On October 19, Republicans passed the first $4 trillion federal budget in U.S. history, a version of which narrowly passed the House on Thursday.

At $4.1 trillion, the budget represents an approximately 5 percent increase in spending over the last fiscal year of the Obama administration and sets the stage for President Trump to do what every GOP president has done since WWII: increase spending far more than did his Democratic predecessor.

Simple arithmetic will tell you that if spending increases, either taxes or deficits must increase, too. But although the GOP has been happy to let deficits explode in the past, they will have a harder time defending them this time around after their eight-year assault on Obama’s deficits, which increased debt from $10 trillion to $20 trillion.

Therefore, Republicans are going to have to raise taxes to avoid bigger deficits.

They have set out to do exactly that to their political opponents while cutting taxes for their supporters.

All of this makes their current narrative about eliminating the state and local deduction from federal tax liability especially unseemly.

They claim the deductions force low tax states to subsidize high tax states like California, but that’s not true. California and New York pay more in federal taxes than they reap in federal benefits.


http://www.newsweek.com/trumps-tax-reform-aimed-punishing-democratic-voters-700918?utm_campaign=NewsweekTwitter&utm_source=Twitter&utm_medium=Social

[raging moderate]

1. TAX DEFORM.

That is their goal.
Tax deform, not tax reform.

[moda253]

2. If he wants to piss off democratic voters

If he wants to piss off democratic voters that will be his own undoing. Seriously he is sort of lucky that their stupid fucking healthcare bill didn't pass. They pass this tax deform bill and I think that's the end of the line for them.

[beachbum bob]

3. Wealthier states are mostly blue...so ya any eliminated

Deductions or reduced deductions will have more effect BUT, enough conservative house seats can be won in those states to take the House back....look at the Senate and this could be what we need to win back senate in 2018

[Ilsa]

4. The gop is giddy about screwing over poor people.

Rep. Carter of Ga was selling a $1200/year tax break to the middle class. $100/month. $3.29 a day. Says it'll bring up GDP up to 3% or higher.

I'm not willing to sell out the social safety net for $3.29/day.

[Cicada]

5. It may backfire by getting Repubs defeated in blue states

For instance Dana Rohrbacher has constituents who deduct California income taxes, and many of them have mortgages exceeding $500,000. The ads will say that to counteract Repubs screwing us we should replace Repub Congress people with Dems.