Trump蘑菇视频 highly taxing tax pan
Donald Trump needs a real legislative victory.
He hasn’t had any yet.
So, he’s proposing massive tax cuts that he feels will be tantalizing enough to gain robust congressional support.
There’s a fair amount of speculation that the idea of slashing corporate tax rates from 35 percent to 15 percent will be dead on arrival.
First, there aren’t many people who understand budgets who believe that by cutting revenue, you wind up sending more money to the U.S. Treasury.
The president’s tax plan skimps on that little detail.
Oh, there’s talk that by reducing tax rates, the resultant economic “growth” will somehow fill the void.
I’m no economist, but I know enough about math to have figured out a long time ago, that by subtracting a thing, it never leads to lead adding a thing.
You only have to look at the state of Kansas, which drastically cut taxes in 2012, and has been near the point of having a going out of business sale ever since.
Or, there were those 2001 Bush tax cuts that led to major budget deficits.
But Trump needs a win.
Why not push a plan that many Americans may think is something of which they can take advantage?
I’ve always said, if you ever want to stand in the shortest line in the world, fall in behind all those people who feel they’re overpaid and undertaxed.
Trump didn’t bother to show up for the “official” unveiling of his tax proposal.
He sent his Treasury Secretary, Steven Mnuchin, to explain it to reporters.
Mnuchin calls it, “The biggest tax cut and the largest tax reform in the history of this country.”
Allow me to translate that for you.
Before Steve Mnuchin became the Treasury Secretary, and after he was the CIO at Goldman Sachs, he became something of a showman.
He was the executive producer (read moneybags) for more than 40 Hollywood films throughout the 2000’s, so he has a natural flair for the dramatic.
What films you ask?
They’re in quotation marks below.
Since he’s now part of Trump’s “Entourage” (2015), he’s been far more than “The Accountant” (2016) for the president’s plan to revamp parts of the economy.
He’s been able to “Focus” (2015) his attention on trying to fulfill Trump’s stated economic vision, and let the “CHIPS” (2017) fall where they may.
But before he was confirmed by the U.S. Senate to run the U.S. Treasury, Mnuchin faced serious scrutiny about his alleged “Inherent Vice” (2014) of foreclosing on lots of homeowners when he was a banker.
It was a practice which indicated that Mnuchin may have felt that “Rules Don’t Apply” (2016) to him.
But he passed muster in the Republican-dominated Senate, anyway.
The mere fact that Mnuchin was said to have been responsible for an estimated 16,200 foreclosures on government-backed reverse mortgages, didn’t even “Sully” (2016) him in Trump’s eyes.
Thus, on matters involving huge swaths of the economy, he’s become the president’s point man.
Or, some might call him “The Disaster Artist.” (2017)
When the newly revealed tax plan gets sent up to Capitol Hill, there’s sure to be a “Fist Fight” (2017) between tax-cut loving Republicans, and Democrats who’re leery of them.
There will no doubt be major floor fracases that will “Run All Night” (2014) about how long those tax cuts might last.
And those fights could really “Get Hard.” (2015).
Republicans won’t have enough votes to approve permanent tax cuts, since 60 will be needed in the Senate — when they currently only have 52.
The only alternative would be for Congress to pass tax legislation on a temporary basis, using the requisite simple majority in the Senate.
But that’s providing anybody takes the initial proposal seriously enough to truly consider it, and doesn’t “Pan” (2015) it altogether.
So here we are, with Mnuchin leading into battle, what many may think is Trump’s “Suicide Squad” (2016), hoping to finally make good on one of his bold campaign promises.
If Mnuchin fails, it could be “Lights Out” (2016) on Trump’s first year accomplishments.
Edward A. Owens is a three time Emmy Award winner and 20-year veteran of television news. Email him at freedoms@bellatlantic.net.