Congress' tax cuts are one of greatest robberies ever — LETTERS

IVANKA TRUMP PRESSES THE BUTTON ON A ROBOT AT THE START OF THE GLOBAL ENTREPRENEURSHIP SUMMIT IN INDIA NOV. 28 2017. CREDIT AP  MANISH SWARUP

The inclusion of the ANWR language was critical to securing Alaska Senator Lisa Murkowski's vote, and because the margin for error in the Senate is razor thin, there is little chance of that provision getting touched when the House and Senate try to reconcile their respective pieces of legislation.

Allen Knudson, a budget analyst and auditor for Legislative Council, said they didn't have any research into the legislation's effect on state revenues.

Ohio Gov. John Kasich, among those who competed for the GOP nomination against Trump last year, has been among the more outspoken critics of the tax bill. Gottheimer refers to these states as "Moocher states".

When will these changes become effective? The Republicans, meanwhile, need Trump-and the fervent supporters who follow him-to maintain even the barest populist pretense to their reactionary endeavors.

Let me cite examples of two questionable provisions in the legislation.

Today's bill is sharply regressive, despite the fact that it barely touches the top rate of tax. Well, wonder no more: Republicans revealed this week that they'll be kicking off 2018 by slashing Medicare, Medicaid and welfare programs. It appears the current GOP efforts will likewise add to the deficit, which is curious considering Republicans love talking about shrinking the amount of debt our country has. Where the hell are those hypocrites now?

I am concerned about the Republican tax reform, though the provisions aren't finalized. The bill is a Christmas tree, decorated with special tax gifts for limited groups. In comparison, when Reagan's tax cuts were passed, the House and Senate held a combined 66 hearings and spent months in debate.

At a time when most people have been soundly asleep at home for at least a few hours, 2 a.m.is usually the time the people who are still awake make decisions they will later regret. The tax code was only simplified by eliminating benefits for average taxpayers. Furthermore, both move to a territorial system for large corporations, which limits taxes on income earned overseas and focuses more on income earned within the United States. That is partly because Mr Trump's priority has been tax cuts for businesses, whose owners tend to be rich. True, the bill curbs some corporate deductions, such as a tax break for manufacturers, and another for debt interest. Leader of the Senate Democrats, Chuck Schumer (D-NY) also offered his chagrin over abandonment of aisle-crossing cooperation: "There is sincere desire on this side of the aisle to work with the GOP". It's the content that counts. This legislation is a once-in-a-generation opportunity to make real and long-lasting reforms for farmers, ranchers and every American working in our agriculture industries.

If merely having a bill was more important than what it contained, they will have succeeded. Between 1982 and 1985 lawmakers passed tax rises worth 1.7% of GDP, according to the Treasury Department. I support a full repeal of this unfair tax, and the Senate's legislation makes significant progress by doubling the estate tax exemption. He is chairman of the Senate Judiciary Committee.

In all likelihood, no Democrats will be on the conference committee, since they had no input in the legislation.

The chances of laws swinging wildly back and forth with the change of parties should encourage cooperation and moderation. While failing to deliver expected economic growth, they deepened wealth disparities in the US.

"It's precisely now that we buy insurance for that wage growth with a big tax reform", Hassett said. This year's bill isn't; it's a revenue-losing tax cut. The Tax Cuts and Jobs Act lowers rates, doubles the child tax credit and simplifies the filing process.

Oil and gas, on the other hand, would emerge unscathed.

On its face, the GOP tax proposal seems to be a big win for oil and gas. Watch for these myths in that political campaign.

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