Real men (as well as pull-no-punches women) cut taxes. The lesser mortals that tend to inhabit Washington wring their hands and get all weak in the knees when it comes to cutting taxes. Rumors are President Trump will propose a real tax cut. I certainly hope so.
Once upon a time, most Republicans believed in tax cuts. Somewhere along the way, inside the beltway especially, Republicans forgot about the benefits of cutting taxes. Republicans became more concerned with government keeping “its” revenue than letting the people keep their money.
Too many Republican have become timid about tax cuts, often spouting the milquetoast line of “revenue neutral tax cuts.”
Let me translate that little bit of Washington-speak for you. “Revenue neutral” tax cuts aren’t really tax cuts. It’s more like tax shifting. Some will pay more. Some will pay less. And the net effect will be that government will collect the same amount of taxes.
If revenue neutral tax shifting is what Republicans stand for, maybe it’s time we re-evaluated what we really stand for.
What will “revenue neutral” tax cut mean to your business? Well, that may depend on how expensive your lobbyist is. Which side of the “revenue-neutral” ledger you wind up on may depend on how well the skids are greased, hardly, a pleasant scenario to anticipate.
I believe as John F. Kennedy and Ronald Reagan did, that the best way to stimulate our economy, promote job growth, and give our ailing middle class a raise is to cut taxes for all.
I know Donald Trump believes this too, because he said so often during the campaign, and as a job creator himself, he knows that lower taxes and less regulation are the keys to more jobs.
This week, we are expected to hear the beginnings of the Trump Tax Reform plan. I, for one, urge the President to stick to his guns and not to preemptively surrender to the establishment in Congress and to offer real, meaningful cuts to individuals and businesses, across all income levels. full story