TAX REFORM

[HairOfTheDog]

This is a tax cut bill, not a tax reform bill.

I saw it reported that trump wanted it called a tax cut, he believed that people didn't quite understand what reform meant and "a cut" was easier for them to grasp.

A mistake that he consistently makes is that he thinks he's smarter than everyone, he's not. I don't ever see much intellect out of him regardless of him saying he has the best brain and the best words.

Yeah, I saw Trump say that he was calling it a 'cut' because it's easier to understand and it reduces everybody's rates EXCEPT his own and his rich friends. That's utter bullshit, of course.

But, I personally consider it a tax cut bill rather than a tax reform bill because it does not significantly simplify the codes and does not make tax policy more fair.

So, I agree with Trump's label, but not for the same reason. I think most people get what's going on here and aren't excited about the promise of a few thousand more dollars in their pockets for a few years........only to pay more later and potentially be facing a national economic crisis as the debt and deficit spending increase.

I don't think Trump's base (the donors and the voter loyalists) care at all about looking a few years down the road though. The billionaire donors will be rolling in dough no matter what happens to everyone else and the loyalist voters just believe whatever Trump tells them.

However, there might be plenty of true fiscally conservative voters who feel betrayed by this legislation and let their Republican representatives know about it when they go to vote in the congressional mid term elections next year.

I expect the Democrats will be all over that. And, I imagine they'll be warning voters of the potential for Republicans in congress to come back in a couple of years and attempt to cut Medicare, Medicaid, and Social Security to pay for shortfalls in revenue resulting from the tax cuts.