Tax Cuts Don't Equal Tax Reform!
Speaker of the House Paul Ryan (R-WI) has been wanting to pull a Tax Reform initiative out of his hat for years. And now the talk around tax reform is front and center as the GOP controls both houses of Congress and the White House. But the current resident of the White House, President Donald Trump, when he talks about tax reform only touts the biggest tax cuts in history. And right now, tax cuts on their own, are the last thing we need.
I would be the last one to say we couldn’t stand a good round of talks and passage of a reasonable tax reform bill. I don’t think many in elected positions around the country would disagree with that. A fair and simple tax code is a good goal to work towards. But a tax reform bill that is simply a huge massive tax cut doesn’t solve any of our problems.
And if we look at Kansas (and we’ve talked about the near bankruptcy of Kansas due to unprincipled and illogical tax cuts before), some of the provisions of the current tax bill, culled from the Kansas ‘experiment’, will put the economy and government at risk.
Representative Jim Sensenbrenner (R -WI) extols the virtues of tax reform in an op-ed piece in the Milwaukee Journal Sentinel. He dredges up the early history of President Ronald Reagan’s tax cuts and ignores the reversals later in his administration when revenue shortages at the federal level starting to hurt…and the resulting economic issues cost his VP, President George ‘watch my lips’ Bush, a second term as president. They didn’t work as advertised then and won’t work now.
Read more: http://bloggingblue.com/2017/10/tax-cuts-dont-equal-tax-reform/
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