Trump Hits The Road To Promote Tax Cuts (Details To Come)

Presidents Calvin Coolidge, John Kennedy, and Ronald Reagan all promoted the idea of lowering taxes to increase revenues. Now it's President Trump's turn in the barrel. Good luck with that. Sadly, it's not the President's prerogative to set tax rates. That's the job of Congress and they can't be trusted to get anything right. And, of course, they're egged on by the Left who claim that it's all a gift to the rich. The simple truth is that taxing income is a terrible way of financing a government. Flat tax, graduated tax, any income tax is counter productive. It discourages productivity because it penalizes productivity. Capital gains taxes are just as bad because they penalize/discourage investment which is needed to build new businesses and create new jobs. Thus, arguing over income taxes is merely a canard to keep us from finding real solutions.

Meaningful tax brackets and a one page tax return is the way to go. This should allow enough revenue to take care of Nation and start paying down the debt. There's no such thing as a free lunch and it's the price of being a Nation. Watching infrastructure crumble and burying head in the sand is not working. What should the tax rates be? Whatever it takes to (A) take care of the Nation and (B) start paying down the debt. We might find that the average citizen is better off. This will encourage spending, which will increase demand for goods and services, which will cause industrial construction and create jobs, more tax revenue and more spending. The missing link is the money corporations don't pay. You can't run the country on the backs of the middle class. Entitlements and government spending need major revisions as well. If enterprises go offshore raise their taxes to offset the lost jobs. They will try to pass this on to consumers with pricing but consumers may say they don't need it that bad, so they will have to adjust pricing to maintain sales. Eventually market forces will work it out. The status quo is not working, period. Everybody in government is just kicking the can down the road and feathering their nest until they can comfortably retire. Everyone else is just getting by the best they can. Far too many have become dependent on the government because nowhere near enough of the above is happening. We have a small slice that are living like kings while the majority are either indigent or headed that way. This alone should tell us the system is broken.

Have to see what happens after all this promoting is done.