Serving the High Plains
The Republican tax plan has been rushed through with no hearings, no input by affected parties, no give and take that should occur and no time to evaluate the bill by designated departments for Congress.
Lowering the corporate tax rate to 21 percent to enable corporations to compete? Fact: The current effective tax rate is competitive. An effective tax rate of 21 percent would be great, but the idea is a stated tax rate of 21 percent and keep all the goodies is what this tax plan does.
Do profitable corporations that have paid no taxes or less than 21 percent have to pay the 21 percent? Stupid question.
Dropping the individual mandate requirement in insurance is estimated to make 13 million more Americans not have insurance. The goal is no health care.
Trump said his dream was to simplify the tax code so you could do your taxes on a postcard. Well if he wanted to stoop to seeing what some European countries already do, he and Republicans might learn how to do taxes and health care better and cheaper.
Meanwhile a professional accountant might be wise.
Urban-Brookings Tax Policy Center found that most families earning $55,000 to $93,000 would pay more in taxes under the Republican plan. About 92 percent of families in the top 0.1 percent would get a tax cut averaging $206,280.
That addresses the inequality problem.
David Brooks, a conservative columnist, wrote: “The less Republicans do for workers, the more alienated the workers become and the more they vote Republican.”
An informed electorate is essential for democracy.
Leon Logan
Tucumcari