From the moment the president announced a tax reform initiative the press has roundly condemned the proposals as a failure before it gets out of the box.
Despite proposing the most sweeping tax overhaul in decades, because President Trump has made it an imperative, the politically correct media enjoying more a nation that is inert, has denounced tax reform as a fraud.
This is typical of our national press and media corps, who find it easier to denounce en masse new ideas rather than to pursue the notion of change.
Tax reform to those of us who understand what it is to give 40% of our earned dollars to the US Treasury is badly needed – but won’t be accepted by the national media because it is being proposed by President Trump.
Perhaps tax reform could be suggested by a Canadian and this way keep out of it all Americans serving in the Senate and the House from spoiling the recipe.
The first round of denouncements all echo the same stale message – that tax reform under this president gives more reform to the rich and forces the lower earning echelons of our society to pay more.
That’s the politically correct mantra of the national press – that tax reform leads to higher taxes!
It is reminiscent of Senate officials led by Senator Mitch McConnell answering our questions about the Senate’s health insurance being better than all Americans, and free, too.
Why is that, McConnell was asked by a few members of the press?
“Oh, we’d like to do away with this. It is so unfair. But it is part of another bill – very complex – too complex to write up and to debate and to remove so we are equal with those who voted for us and gave us our positions. We’d like to change but it can’t be changed. It is wrapped around complex legislation,” he seemed upon translating his real remarks – which were an insult to all of us calling ourselves Americans.
The national media takes a page from the president on tax reform.
If the media categorically arrives at the unanimous decision that reformed taxes will rise higher for those who aren’t rich while at the same time being lowered for those who are, well, this get’s a lot of us mumbling and grumbling.
Bottom line, the United States needs a new tax code, a simplified tax code, a tax code that all American can understand and that all Americans participate in paying one way or another.
It needs to be made fair, despite the fact that nearly every member of our elected government no longer understands what it is to be fair.
Being unfair is a simpler matrix to work out of than working to achieve tax reform in a nation where tax evasion by the very rich is so out of control that it is the very rich who pay a smaller percentage of taxes than those of us mired in the upper middle class or the middle class.
How to correct this?
There is nothing wrong with being rich.
What is wrong is a tax code dedicated to rules and regulations promulgated by lobbyists and voted into law by legislators.
Americans are largely left out of the lobbyists’ debate on the tax code.
This must end.
Every instance of unfairness and tax code insanity and inequity must be resolved.
Sweeping changes made to the national tax code are as necessary to the financial well being of the nation as improving crumbling infrastructure before it collapses all around us.
The president’s tax reform plan aims to simplify and cut taxes for the middle class by doubling the standard deduction to $12,000for individuals and to $24,000 for married couples filing jointly. That would allow people to avoid a complicated process of itemizing their taxes to claim various credits and deductions. It would increase the child tax credit from $1,000 to an unspecified amount, and create a new $500 tax credit for non-child dependents, such as the elderly.
Provisions such as the alternative minimum tax and the estate tax, a levy on inherited wealth that Mr. Trump has derided for years, would be gone under the Republican proposal.
The proposal calls for reducing the corporate tax rate to 20 percent from 35 percent; a shift that supporters say is needed to make American companies more competitive with their counterparts around the world.
Bottom line, again, eliminate loopholes. Get rid of redundancies. Modernize and simplify the tax code to make it fair – and get out of the funk of denouncing tax reform because the president is suggesting it.
Our tax code spans thousands of pages of unintelligible babble that only a handful of trained accountants can understand – or pretend to understand.
When President Franklin Roosevelt suggested Social Security he demanded that the original act be written on a single piece of paper – and so it was.
The tax code needs the same edit and change.