Trump Hits The Road To Promote Tax Cuts

[IronLionZion]

http://www.npr.org/2017/08/30/547114024/trump-hits-the-road-to-promote-tax-cuts-details-to-come

President Trump will call for a major rewrite of the U.S. tax code when he visits Springfield, Mo., on Wednesday afternoon. The speech comes a day after Trump's trip to Harvey-hit Texas and is the first in what is expected to be a series of traveling sales pitches on taxes from the president.

But the White House is not ready to spell out what the rewrite will look like or what kind of price tag it will carry.

Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn have been meeting regularly with Republican congressional leaders to discuss tax policy. Thus far, though, they've only committed to a vague statement of principles which calls for lower tax rates on both individuals and businesses. Cohn said it will be up to lawmakers to fill in the details.

"We've got a great, I would say, skeleton," Cohn told reporters earlier this month. "We need the Ways and Means Committee to put some muscle and skin on the skeleton and drive tax reform forward. And it's our objective to do that between now and the end of the year."

With Republicans in control of the House, Senate and the presidency, supporters have described this as a once-in-a-generation opportunity to overhaul the tax code in accordance with GOP principles. But after Trump's insistence on swift, ultimately unsuccessful bids to repeal the Affordable Care Act, some observers are skeptical that Trump has the patience or discipline to see a tax overhaul through to completion.

Mnuchin insists tax cuts are now Trump's No. 1 priority.

Let them eat tax cuts. That's what the good people displaced by this hurricane really need. This ain't his first rodeo.

Tomorrow's headlines will be if any Texans lost their documents in the floods and are even one or 2 shades darker than orange, they will be deported because their labor is not needed for rebuilding.

He knows which side his bread is buttered, bless his heart. Everything is bigger in Texas, even the flooding.

[Achilleaze]

1. Brand new packaging for the same old republican shit

When you dig beneath whatever bullshit the republican Draft-Dodger-in-Chief spews today, you will see damn few pesky details. That's because, as always, this is just a repackaging of the same old republican TRICKLE DOWN ON THE PROLES TAX LIE.

[IronLionZion]

2. Hurricane Harvey victims have had enough trickled down upon them

and he wants to make it rain some more with tax cuts. It's those damn taxes that are the cause of all these problems.

These assholes tell us government won't help and then they get elected and prove it.

[HughBeaumont]

3. Don Regan drastically re-wrote the tax code in the 80$ to help his banker buddies.

We haven't recovered since. Economic inequality has skyrocketed thanks to multiple billions in wealth transfer.

[IronLionZion]

4. We got to help the bankers

so that the bankers can help the millions of people who have lost everything in the flooding. That's how it works, right?

[Chipper Chat]

5. We must, every chance we get, complete the words "tax cuts"

with its true phrase - "tax cuts FOR THE RICH"

[Achilleaze]

7. + 1,000

[Wounded Bear]

6. He should be asked at every stop how much this trip costs the taxpayers...

every stop.

[procon]

8. Trump's tax plan is a one page, double spaced list of bullet points.

That's it, a ruse that someone spent maybe 15 minutes to type out. The White House says it will fill in the important details later, and Trump is pushing dubious claims that shift and change with each telling.

Link to tweet

There's no offsets to pay for Trump's massive tax cuts, and Republicans are singing the usual magical claims that their big cuts would pay for themselves by generating mystical economic growth. BS

Trump's tax cuts are DOA. Congressional Republicans are still arguing about raising the federal debt ceiling to pay our bills. Republicans in Congress are bickering about how to come up with money for the budget. But the biggest money pit is going to be the unknown billions (trillion?) that will be needed to recover from the multi state damages from Harvey.

The optics of Republican politicians voting for tax cuts for the richest of the rich while millions of Americans are reduced to living in sweltering third world refugee camps will not get them votes.