Professor!!! What do you think the prospects of Congress writing into the budget cuts to USAID and specific program cuts across the federal government prohibiting NGO grants and contracts? Also writing into law DOGE as a permanent deep review agency for the executive branch, and deleting the GAO which has been useless
Nicely done article. It appears to me that taxation runs in proportion to the amount of corruption and fraud congress hopes to commit spending tax dollars. Maybe we really don't have much of a spending deficit and most of it is wasted on fraud.
These tax cuts are fine and many times we don't see results for a year or two. I am more concerned about the long term. All these changes are nice but will they stick after Trump is history?
I don't believe for a second that liberals and republicans in congress will change their spendthrift ways for the long term. Their corrupt ways and methods are bone deep.
Trump will sign whatever they send him, which makes him one of them. Trump will NEVER advocate for stopping the tens of billions of taxpayer dollars going to Israel each and every year. Musk is acting like saving millions is doing something. Our debt is in trillions. Cutting millions is like looking under the soft cushions for mortgage money.
"Given it’s a GOP Congress and Trump has 90%-plus support from Republican voters, he’ll have a lot of leverage in this back-and-forth." Congress won't want to roll over like a lapdog. They have their own agendas.
The last time around, Trump got business taxes permanently but only make cuts in individual income taxes with expiration dates. Not hard to understand billionaires are focused on business and not so much on us.
Tips and overtime only affect certain groups of people and leave the rest with less. Tips are the MAIN income for waiters/waitresses and making it not income is crazy. I knew someone who worked during the summer in a resort area and made several hundred dollars a day just in tips.
SALT Relief is absurd. Let the people vote with their feet if they don't like their state taxes. Why do they get a huge break on federal income taxes, even though the two are not related? So the Treasury takes a hit because states refuse to rein in their spending. Nice. Designed by Trump who loves liberal New York.
American companies making products in America should get a higher tax break than foreign companies producing here.
Why very good on SALT? If a state refuses to control its spending, why should the federal government take a hit? It is not the federal government's role to enable states to soak their people for more money, knowing the feds will give them a break. Tax all equally, regardless of what state they are in. If the state taxes get too high, people will vote with their feet.
Professor!!! What do you think the prospects of Congress writing into the budget cuts to USAID and specific program cuts across the federal government prohibiting NGO grants and contracts? Also writing into law DOGE as a permanent deep review agency for the executive branch, and deleting the GAO which has been useless
Nicely done article. It appears to me that taxation runs in proportion to the amount of corruption and fraud congress hopes to commit spending tax dollars. Maybe we really don't have much of a spending deficit and most of it is wasted on fraud.
These tax cuts are fine and many times we don't see results for a year or two. I am more concerned about the long term. All these changes are nice but will they stick after Trump is history?
I don't believe for a second that liberals and republicans in congress will change their spendthrift ways for the long term. Their corrupt ways and methods are bone deep.
Trump will sign whatever they send him, which makes him one of them. Trump will NEVER advocate for stopping the tens of billions of taxpayer dollars going to Israel each and every year. Musk is acting like saving millions is doing something. Our debt is in trillions. Cutting millions is like looking under the soft cushions for mortgage money.
"Given it’s a GOP Congress and Trump has 90%-plus support from Republican voters, he’ll have a lot of leverage in this back-and-forth." Congress won't want to roll over like a lapdog. They have their own agendas.
The last time around, Trump got business taxes permanently but only make cuts in individual income taxes with expiration dates. Not hard to understand billionaires are focused on business and not so much on us.
Tips and overtime only affect certain groups of people and leave the rest with less. Tips are the MAIN income for waiters/waitresses and making it not income is crazy. I knew someone who worked during the summer in a resort area and made several hundred dollars a day just in tips.
SALT Relief is absurd. Let the people vote with their feet if they don't like their state taxes. Why do they get a huge break on federal income taxes, even though the two are not related? So the Treasury takes a hit because states refuse to rein in their spending. Nice. Designed by Trump who loves liberal New York.
American companies making products in America should get a higher tax break than foreign companies producing here.
Overall really quite good.
Not Good: Tips and Overtime
Mixed: extend tax cuts/jobs, domestic production
Good: social security
Very good: SALT, interest, stadiums
Why very good on SALT? If a state refuses to control its spending, why should the federal government take a hit? It is not the federal government's role to enable states to soak their people for more money, knowing the feds will give them a break. Tax all equally, regardless of what state they are in. If the state taxes get too high, people will vote with their feet.
Because it’s a republic