We believe every-day Americans know better how to spend their own money than the federal bureaucracy, and we want to help them keep as much of that hard-earned money as we can.-–President Donald J. Trump
Americans Need Tax Reform
Americans need tax reform we are told over and over again. Surprisingly, many Americans disagree.
The Trump Administration informs us:
The current tax code is a burden on American taxpayers and harmful to American job-creators. It has grown out of control in length and complexity so that many Americans must rely on professional help to file even the simplest return. Our outdated tax code also makes our businesses uncompetitive as other nations provide lower tax rates, and incentivizes American businesses to move their headquarters or offshore jobs. President Donald J. Trump is working to reform our tax system so that Americans are treated fairly, can keep more of their hard-earned money, and companies can bring jobs back to the United States.
- Taxes may be a burden to some and harmful to others, but they are nevertheless necessary. Lower taxes for some and higher taxes for others doesn’t change that.
- If the tax code is unreasonable in length and complexity, it is because Congress wanted that. Lengthy regulations aren’t a problem but a necessity for making tax law clear.
- The idea that lower taxes for corporations creates jobs is Republican dogma unproven at best. This can be labeled “trickle down.”
- Many may need professional help to file their taxes, but it is more likely that wealthy persons need help than those with simple returns.
- Old isn’t necessarily outdated–our Constitution is old.
- Tax law does allow businesses to hide profits overseas, but lower taxes isn’t the only answer for that problem, if it is an answer. What allows business to hide profits overseas is tax loopholes enacted by Congress.
- The Trump family may keep more of their money, but others not so much.
Is it true that “Americans know better how to spend their own money than the federal bureaucracy?” It may be if we are talking about buying furniture, but not so much if we want to spend on the Federal Courts, national parks, our armed forces, our countries infrastructure, CDC, Social Security, universal health care, FEMA, and numerous other vital government agencies that support our general welfare.