Oh where to begin.
-$43B in additional funding for the IRS after adding $80B recently....
-Increasing top tax bracket (cumulative) to around 44% on the wealthiest Americans. You'd think people in states like California where people earn a lot more due to cost of living this would register as a bad thing at some point... That'll really encourage re-investment.
-Proposing what would amount to an end to pass-through corporations which would mean that a single employee entity would have to pay taxes as a business and then be taxed again as an individual. Just absurd. That would damage so many people who have a small business they are making a living with.
-Total overall spending of almost $7T... just absurd. And this gets advertised as deficit reduction even with a projected annual deficit of almost $1.5T in perpetuity.
-The Medicare reforms would be disastrous and put the government in charge of controlling costs and deciding who gets what and how much. Of course, the counter point would be a government that gives you everything can decide how and where you get it. That's why any administration of any program to the populace by the government is horrible.
-One funny thing is the Trump tax cuts he said only helped the rich are largely extended.
Feel free to add more as they come to light. These things won't pass but it's illustrative of what this administration about which is entirely the wrong things... Basically the most authoritarian, big government administration in U.S. history. They know this isn't going through and they basically want this to use it against Republicans.
-$43B in additional funding for the IRS after adding $80B recently....
-Increasing top tax bracket (cumulative) to around 44% on the wealthiest Americans. You'd think people in states like California where people earn a lot more due to cost of living this would register as a bad thing at some point... That'll really encourage re-investment.
-Proposing what would amount to an end to pass-through corporations which would mean that a single employee entity would have to pay taxes as a business and then be taxed again as an individual. Just absurd. That would damage so many people who have a small business they are making a living with.
-Total overall spending of almost $7T... just absurd. And this gets advertised as deficit reduction even with a projected annual deficit of almost $1.5T in perpetuity.
-The Medicare reforms would be disastrous and put the government in charge of controlling costs and deciding who gets what and how much. Of course, the counter point would be a government that gives you everything can decide how and where you get it. That's why any administration of any program to the populace by the government is horrible.
-One funny thing is the Trump tax cuts he said only helped the rich are largely extended.
Feel free to add more as they come to light. These things won't pass but it's illustrative of what this administration about which is entirely the wrong things... Basically the most authoritarian, big government administration in U.S. history. They know this isn't going through and they basically want this to use it against Republicans.
