"Now get it right this next time. Remember - like any other job, you guys can all be replaced. In other words, you are on thin ice right now."
Living in Minnesota for most all of my life, I, like many others, have become accustomed to seeing signs by lakes and ponds this time of year - "Danger! Thin ice!" Of course what that means is even though the ice might look safe, if often times is not. You could break through, go down into the icy water, and then you would have big problems.
Of course my article today has nothing to do with the ice conditions in Minnesota. It has everything to do with the upcoming vote on the Republican (House) tax bill. And then after the Thanksgiving break, the Republican (Senate) tax bill. Okay - I can't keep this in any longer. HOW IN THE WORLD COULD YOU GUYS HAVE MUCKED THIS UP SO BADLY?!?!?
Seriously, this was supposed to have been easy peasy. Falling of a log easy. Nope. Had to make it controversial and complicated. The only thing in either the House or Senate bill which made sense was the reduction in our corporate tax rate. After that, it was all downhill.
Ron Johnson (R-WI) is the first Senator to jump ship. His story is the same as many Republicans in the House who hate this bill. "I really would like to get to a yes. But this bill does not really cut taxes". Bingo. How to you go home and sell a lime when it is really a lemon.
How could we have made this easy? By doing what was promised on the campaign trail. "There is no need for thousands of pages in a cumbersome IRS tax code. Taxes should be easy and fair. One page. Everyone would get some kind of tax cut." Wow! That sounded almost like Reaganomics! But no. Getting a tax cut which would entail paying in more taxes sounds more like, well, Obamaomics.
My advice? Since 2018 will be the first year affected by this plan, scrap what is now on the table. Go back to square one and start again. Have a plan ready for the President to sign by July 1st, and this time give it some teeth. EVERYONE (just like in the 1981 tax plan) gets some kind of tax cut. Shrink the size of government by putting this beast on a bit of a diet. Make this a truly historic bill.
In any event, that is my take. After mucking up the ObamaCare fix and now tax reform, this crowd in Washington really does look like the gang who can't shoot straight. BTW - not just my opinion on that matter. Now get it right this next time. Remember - like any other job, you guys can all be replaced. In other words, you are on thin ice right now.
House wants me to have an increased Standard Deduction!
ReplyDeleteI'll take it and hopefully some increased dividend opportunities.
You rich GOP folks will get the rest!
I feel good today.
Dave
Even Walmart knows 45 is destroying the middle class....
ReplyDeleteIt's also a sign of growing investor confidence in Walmart's strategy to attract new customers by targeting shoppers at both the highest and lowest ends of the income spectrum.
The retailer has been targeting high-income customers through recent acquisitions of upmarket brands like Bonobos, Modcloth, and Shoebuy, and the more recently announced addition of Lord & Taylor to Walmart.com.
At the same time, Walmart appears to be maintaining loyalty among customers at the opposite end of the income spectrum by keeping prices competitive and adding new in-store discounts that its rivals — most notably Amazon — will have a hard time beating.