Can we all agree that our spending levels have been an unmitigated disaster under Pub and Dem administrations, including this one, and get back to talking taxes?
We should all be able to agree (because it’s the truth) that our deficits are driven far more by out of control spending than tax levels. Even the CBO, which is highly allergic to dynamic scoring (accounting for economic impact when scoring the true cost of changes) concedes that tax cuts partially paid for themselves due to increased economic output. Conversely, liberals (and the CBO) would likewise need to concede that raising taxes would adversely impact the economy. You cannot raise taxes enough to even come close balancing our budget. It’s the spending, stupid.
Deficits are VERY important to me, and you’ll see that I’ve complained about Trump’s failure in this regard just as much as under Obama. I would actually support paying slightly higher taxes to help pay down the debt - AFTER the government slashed spending. But it is absurd to claim that we don’t deserve to keep a little more of our money simply because the government refuses to get its spending binge under control.
Ok. So now that that’s been said, let get back on topic please. I want to know how this tax reform impacted you! Hopefully it helped.