by HEATHER WILHELM
Wealthy blue-state foes of the GOP tax bill face a harsh look in the mirror.
Ah, yes. Thank goodness for people like Nancy Pelosi, Jerry Brown, the New York Times editorial board, and other blue-state stalwarts, whose No. 1 concern is to fight this pernicious money grab by a sinister, well-organized, and garishly wealthy elite! But hark, New York Times: What have we here? Why, it’s an analysis from your own news pages, dated December 5, with a doozy of a headline: “Among the Tax Bill’s Biggest Losers: High-Income, Blue State Taxpayers.” Full Story....Here
By Richard Rail
#NeverTrumps are having a time trying to force-fit Donald Trump into the usual categories of president. He's ideological, or he's pro-business, or he's pro-military or populist or what have you. They completely miss the central point of Donald Trump's presidency, which is to get rid of all the government blocks; bottlenecks; you-can'ts; oh-buts; restrictions; impediments; and, oh yeah, corruption that get in the way of people getting ahead in their lives. He knows all about it because he has had to deal with these roadblocks in his own businesses. Full Story....Here
As to the coming War on Walker the Monitor writes:
Both sides are already gearing up for a huge fight that some say could cost up to $100 million. To many, it's a proxy war of sorts between those who hold up Walker as an icon of American conservatism and those determined to reassert liberal values in a key state in the Trump Era. Democrats will almost certainly need to win Wisconsin if they have any hope of defeating President Trump in 2020, and taking back the governorship would be a significant first step.
We hope the whole nation will pay attention to Wisconsin because we are a test case of what happens under conservative policies, says Martha Laning, chair of the Democratic Party of Wisconsin.
Wisconsin's long, strange trip is not over. Full Story....Here
The Republican's proposed Tax Cuts and Jobs Act is the archetypical tax reform bill: it lowers taxes but increases the Code's complexity. High taxes are bad, but a complex tax code is worse. America deserves better.
Finally, complexity breeds corruption. The more complex the Tax Code, the more places there are to hide goodies for special interests and donors. For example, you can deduct up to $10,000 in taxable income for repairs to your whaling boat if you have one (and yes, whaling is mostly illegal). Likewise, men are allowed to deduct up to $14,500 in taxable income for surgical operations to make them look like women. Â Women can probably do the same in reverse, although it has not yet been litigated. Â Deductions like these would not be available if the Code were simpler.
The Tax Cuts and Jobs Act is a decent stab at tax reform, but if Congress is serious about reform, it must focus on simplification, not cuts.