Republicans have long been known as a “stupid party”. They do stupid things, such as waiting until mid -November to push a reduction in taxes, which should have been done by April.
But in recent weeks, GOP finally shows some brains and tax skeleton. They employ their majority in the congress to go back and move to the left, and the time has come. In a more rational world, tax reform could have been double -sided. But when the Democrats stated that they would be united obstacles in the field of tax reform, there was no reason to throw the bone of the “resistance movement”. Playing pleasantly with Chuck Schumer, he won’t buy any votes, so why bother?
It is challenging not to be impressed by how Republicans suddenly became very wise in connection with the “remuneration” in the tax account. Three of these entities of income entities are welcome to change politics and lend a hand in the defense of the left.
Start by eliminating the state and local tax deduction. Congress should not subsidize flabby and incapable state and local services and to go bankrupt public pension programs. As it could be foreseen, countries with the highest taxes are countries controlled by Democrats. There is no evidence that higher taxes in these states lead to better schools or safer streets. New York spends around USD 7,500 per person on the government and local government, while New Hampshire spends less than USD 4,500. However, public services are better in New Hampshire than in New York.
Big Blue States must reduce taxes and costs, or accelerate the band of high -income residents from these states. Great losers are public employee relationships – mortal enemies of the Republican. It all works nicely.
The next decision is the Republican decision to balance the costs of tax reduction by eliminating individual tax on a fine imposed mainly to Americans with medium income. About three of the four people who pay tax earn less than USD 50,000 a year. The purpose of the tax is to force Americans with low income to buy insurance that they either do not want or cannot afford.
Is it not amazing that Obamacare will grant to Americans if they buy insurance and impose penalties, if not, but at least 13 million Americans still refuse to buy? What is this great product.
Eliminating the individual mandate will allow poorer and younger Americans to buy cheaper forms of insurance, such as savings accounts. These additional options will lead to Obamacare’s snail-paced death. Wise.
Finally, there is a proposed tax on a study fund. These are huge warehouses of wealth: Harvard and Yale connected on a socket egg of almost $ 60 billion, sufficient to give each student free tuition fees in these schools from now on forever. Instead, these university foundations act like gigantic financial trade dynasties, and very little generosity will lend a hand students pay for tuition fees. The GOP plan would set a tiny tax on unpaid money if they don’t spend money. My only complaint is that the tax is too low. But the first shot against the university and industrial sophisticated was finally released.
The productivity of American universities, as Richard Vedder from Ohio University documented, is still decreasing. Vedder also stated that university tuition parties do not fall when these schools have more equipment. They get up. These equipment subsidizes six- and seven-digit salaries of pompous, tired and employed professors (who teach four or five hours a week) and administrators. Bravo to Republicans for starting to turn off the plug.
The best indication that it all works is the enhance in what I call “Crybaby Tax Club”. This group consists of insurance companies, supporters of Obamacare, public employee unions, state and local officials, social welfare lobby, city bond traders, lobbyists, and above all liberal politicians financed by all of the above.
We not only receive a tax policy in terms of growth, but also Donald Trump and GOP finally exhaust the swamps. It’s not better than that.
