Republicans made a lot of promises, but are having a hard time delivering, even with control of Congress and a Republican president waiting on them.
Get something done. It’s what the American people and President Donald Trump keep telling this Republican controlled Congress, but day after day, the party seems to trip over it’s own feet.
Fresh off of the loss of trying to repeal Obamacare, because they can not hold their party members together, the president is turning to tax reform. While not giving up on trying to get a better healthcare system in place, the president is working hard to help these unprepared lawmakers on the right fulfill their promises.
President Trump ran on the seemingly Republican foundation issue of bold, massive tax cuts, wanting to take the corporate tax rate down to 15% and dramatically simplify the tax code for individuals.
Yet, the majority of push back to the Trump economic agenda is not coming from the left, who is sitting idly by not helping or offering ideas, but from fellow Republicans. President Trump sees tax cuts as a key component to getting the American economy growing at a rate of plus 3%, which Americans have not seen on a yearly basis since 2005.
President Trump’s proposed ideas to ease the tax burden for Americans.
Unlike Democrats, the Republicans are forever publicly negotiating against their own interest. Party members have all taken shots at the presidents agenda at various times. From Kevin Brady, chairman of the House Ways and Means Committee, who adamantly proposed a new tax, called the Border Adjustment Tax to Paul Ryan pushing his “Better Way” plan, the president has not been able to get Congress on the same page as him.
Due to protests from groups representing retailers, Brady’s Border Adjustment Tax is now off the table, but things do not get any easier. While there is slightly more consensus, there are with many lobbyist hoping to protect their little carve out in the voluminous, overly complex, time consuming US tax code.
President of Americans for Prosperity, Tim Phillips, says he agrees with the president’s wish to lower taxes for all businesses, but withouts the cash injection from border tax, rates cannot go as low as his desired 15%.
House Ways and Means chairman Kevin Brady was out early pushing the Border Adjustment Tax. That idea has since been scrapped.
If Republicans are not fending off one groups demands, they are demanding the tax cuts be “paid for,” or revenue neutral, based off of CBO scores which have never been accurate. Again, this right seems to defeat their own bill before it can even gain popularity, and excitement among the electorate.
The president, and the people, are not buying this argument from fiscal conservatives who have spent unseemly amounts of money, and let the deficit double under former president Obama.
The counter argument made by president Trump, and his team, is reducing tax rates, growing the economy and collecting more in tax receipts on the resulting increased wealth. This approach has worked in the past, but the president’s team have not provided details on how low they want rates to be or how they will pay for them, or not.
The administration seems to be relying heavily on a Congress that was full of grand rhetoric during the Obama era, but now is full of empty actions when they have a president, and a populace, ready for them to put bills in front of this commander-in-chief.
California Republican Devin Nunes wants tax reform, but is negotiating against himself.
Because Republicans will not have any help from Democrats, they are using the budget reconciliation to pass a tax bill. That means that any permanent tax reform can not add to long-term deficits though, which leaves the party split again. Some on the right prefer to have deeper cuts in tax rates, even if they’d only be temporary.
That said, if the anticipated boom does occur, the Republicans would posses more leverage to keep the rates low down the road.
With every tweet and mention of a 15% tax rate, there is a new Republican rearing his head to say “it can’t be done.” The Republicans have not even had a chance to hear the Democrats proclaim “this bill will kill babies, women and children, the elderly and the poor” yet. They have raised the tax rate before they even get to the table.
Just last week, another Republican, this time California House member Devin Nunes, was out again negotiating against himself. “Unfortunately we’re not going to have fundamental reform and it will make it hard to get the rates down low,” said Nunes to the Washington Examiner. “There are still opportunities out there, they’re going to be hard to achieve, but we’re going to try and get there.”
This is all very frustrating for a base, who voted for the candidate Trump’s ideas, and a president that listened to Republicans promise lower taxes for years. Not only does it seem like the Republicans are split into many selfish factions, but it seems to be going against it’s smaller government, less taxes, less regulations and more economic freedom principles. To date, the people truly fighting for these principles all reside outside of the Congress.
Grover Norquist, president of Americans for Tax Reform, still believe in the GOP passing sweeping tax changes.
Even with all of the frustration on the right, famed anti-tax advocate, and president of Americans for Tax Reform, Grover Norquist, believes Republicans will have a bill done later this year.
“I think we’ll have a deal out of the White House, the Senate and the House by Sept. 28,” Norquist told CNBC’s “Squawk Box”
The well informed Norquist does admit that there is some disagreement, but there is also some important agreement. He states that the Republicans are unified in getting rid of the death tax and alternative minimum tax (AMT).
The American taxpayer is hoping Mr. Norquist is right, on all accounts, because after three decades, tax relief is way overdue.
The post Republicans Betray Voters Moments After Repeal Failure, Now Cutting Their OWN Tax Cuts appeared first on Conservative Daily Post.
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