Here's How To Pay for Trump's Tax Cuts
There seems to be general bipartisan agreement on keeping a majority of the cuts, which are set to expire. They can be financed by cleaning out the tax code of unfair breaks.
There seems to be general bipartisan agreement on keeping a majority of the cuts, which are set to expire. They can be financed by cleaning out the tax code of unfair breaks.
The president wants to raise the rate from 21 percent to 28 percent, despite it being well-established that this is the most economically-destructive method to raise government funds.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
By raising the effective tax rate on capital gains, the proposal would reduce U.S. saving, discourage entrepreneurship, and decrease economic output.
If you look closely, you'll find a lot of contradictions.
Wherever markets are free, new wealth gets created. Then almost everyone wins.
The current run of price and wage increases could tip taxpayers into higher brackets, where they will owe larger slices of their income to the government.
Wealth isn't held the way many believe it is.
America needs to get its fiscal house in order.
The American Families Plan hits individuals with identical net worths very differently.
Democrats never miss an opportunity to rail against big corporations. Yet they're eagerly subsidizing their big corporate friends.
It seems some are just waking up to the size and scope of the president's federal tax plan.
And it has failed in almost every country where it's been tried.
The Trump administration may sidestep Congress to get another tax cut passed.