Quote:
Originally Posted by mooby
Really, our only hope is that Chico and the rest of his supporters will flip in 5 years when they realize the middle class cuts were only temporary and the corporate cuts were permanent. According to the analysis in about 5 years or so (should be just enough time for Chico to forget Trump/Congress is responsible for this) the middle class will see their taxes go up. |
It's hilarious to me for people to knock the tax bill for changes that take effect in 5 - 10 years. The economy isn't a 5year plan that the old communists (and current ones in China) like to draw up. In 5 years, the House of Representatives will have had 2 elections, the Senate will have seen nearly 70percent of it's membership gone through elections (more if the slush fund ever becomes public). And then to say that Corporate tax cuts are permanent. The Congress doesn't work like that. They are not revoking their right to change any tax law they see fit. But of course Corporations do make plans based on stability so the corporate tax laws should be written with an eye on stability.
Fyi in 5 years, Trump will have already faced his second election - if he makes it that far - and if the economy does stay on a growth path, he certainly will argue the tax bill was a big part of it.