11-17-2017, 03:06 PM
I support it.
The U.S. tax system needs to be simplified and more fair, in my opinion.
Tax reduction, however, should not be undertaken if it increases the debt and deficit-spending without solid evidence that job growth, wage growth, and increased consumer spending will improve economic performance enough to cover those liabilities in a reasonable time frame. I haven't seen that evidence yet.
Yesterday, the House approved the first tax reform bill in decades. It's a cause for celebration for Trump and the administration.
But, the Senate has a different tax reform draft and it's unclear if Republicans in the two houses can agree and get enough votes to pass a consolidated bill.
The U.S. tax system needs to be simplified and more fair, in my opinion.
Tax reduction, however, should not be undertaken if it increases the debt and deficit-spending without solid evidence that job growth, wage growth, and increased consumer spending will improve economic performance enough to cover those liabilities in a reasonable time frame. I haven't seen that evidence yet.
Yesterday, the House approved the first tax reform bill in decades. It's a cause for celebration for Trump and the administration.
But, the Senate has a different tax reform draft and it's unclear if Republicans in the two houses can agree and get enough votes to pass a consolidated bill.