Here is an interesting poll result. Only 29 percent of Americans approve of the tax bill.
WAPO Is Tax Bill Biggest Windfall for Rich?
NPR Tax Plan Comparison
Heritage How Bill will Impact Economy
I found this WAPO graph interesting, because it shows tax cuts since 2000 in one place. Please remember that the tax cuts in 2001, 2003, 2008, 2009 and 2010 benefited almost everyone in America. Whereas the 2012 "tax cut" was actually the extending of the previous cuts for the benefit of the low and middle income citizens. (note: others were actually extensions) While the earlier tax cuts for the wealthy folks were allowed to lapse. In essence they had a significant tax increase plus they got hit with the ACA taxes just before that.
My point is that we in the low and middle class are already "living the dream of lower taxes". Yet many will complain because they may not get as big of a cut as others. I have to wonder if they even understand this? Did they complain when the taxes were raised on the wealthy and not themselves? :-)
I personally am against the bills only because our spineless politicians are not making the budget cuts necessary to offset the loss in revenues. If they want to give out gifts... They should have to pay for them and not transfer the bill to our children!!!
Of course as we have been discussing, the Conservative really don't seem to be very Conservative per the second graph.


WAPO Is Tax Bill Biggest Windfall for Rich?
NPR Tax Plan Comparison
Heritage How Bill will Impact Economy
I found this WAPO graph interesting, because it shows tax cuts since 2000 in one place. Please remember that the tax cuts in 2001, 2003, 2008, 2009 and 2010 benefited almost everyone in America. Whereas the 2012 "tax cut" was actually the extending of the previous cuts for the benefit of the low and middle income citizens. (note: others were actually extensions) While the earlier tax cuts for the wealthy folks were allowed to lapse. In essence they had a significant tax increase plus they got hit with the ACA taxes just before that.
My point is that we in the low and middle class are already "living the dream of lower taxes". Yet many will complain because they may not get as big of a cut as others. I have to wonder if they even understand this? Did they complain when the taxes were raised on the wealthy and not themselves? :-)
I personally am against the bills only because our spineless politicians are not making the budget cuts necessary to offset the loss in revenues. If they want to give out gifts... They should have to pay for them and not transfer the bill to our children!!!
Of course as we have been discussing, the Conservative really don't seem to be very Conservative per the second graph.










