2017-12-13 / Opinions

All that glitters…

Americans are being handed a big box of promises for Christmas, wrapped up as Congressional tax bills. Like many Christmas hypes, the shine won’t last long.

Elected representatives in Washington are rushing around trying to put bows on this big old ugly tax job. They can’t think they’re fooling anybody.

The mid-term election cycle kicks in after the first of the year. Members of Congress want to parade around on the campaign trail, pointing to something – anything – they have accomplished in order to get re-elected. But the current versions of the tax bills don’t help the majority of Americans.

No matter how many times it is repeated, cutting taxes for corporations does not automatically equal more jobs for regular people. It just means fewer taxes paid out by corporations. What companies, investors and stockholders do with their tax savings is up to them. Unless government spending magically shrinks to a fraction of its size, somebody has to make up the difference in tax revenue. That’s where the devil lies.

If our elected officials want to score a win to take on the ’18 campaign trail, they could do that. A more modest corporate tax rate cut, proposed years ago, could deliver on their promises to business. It could be drafted without slashing programs that millions of working people use -- like CHIP, Medicaid and Medicare. But compromise isn’t flashy and glittery enough for the gang running this show. They’ll keep making the big promises. We’ll pay the price in the end.

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I would guess that over half

I would guess that over half the population of Morgan County does not even pay federal income tax. So how do you give a "tax break" to someone who doesn't pay the tax in the first place? It's called a "redistribution of resources", not a "tax break".