Another thought on tax reform
The proposed tax reform bill offers an opportunity to either praise or condemn it based upon your interpretation of something that does not yet exist.
All we have heard is snippets of information supporting or condemning the tax bill. In fact none of us, not even our senators and representatives, know if the bill will be approved and what concessions may be made. Every piece of legislation carries baggage that some, if not all, will disagree with.
I would support the tax reform bill if it carried one caveat tying it to the budget. If Congress spends more money in its fiscal year than is budgeted, taxes are increased across the board by the percentage of shortfall. A 10 percent budget shortfall would trigger a 10 percent across-the-board tax increase the following year. That should develop some accountability in lawmakers who would be looking at single terms if they don’t perform.
GOP tax plan hurts middle class
The Senate is rushing to vote this week on a tax plan that will increase taxes for many middle-class and lower-income Americans while giving massive giveaways to billionaires and big corporations. The Senate will pay for this giveaway to the rich with cuts to Social Security, Medicare, Medicaid and other programs average Americans rely on.
The Senate claims the bill is necessary to create jobs. There are two problems with this. First, according to economists, 88 percent of small businesses are looking for workers now. The GOP tax plan does nothing to address the worker shortage. Second, this bill will cost jobs because it incentivizes corporations to move jobs overseas with a zero percent rate on most foreign proﬁts. While big corporations will rush to take advantage of this loophole, small business on Main Street will ﬁnd it harder to compete.
At a time of massive income inequality and near-record corporate proﬁts, the wealthiest Americans and largest corporations should pay their fair share of taxes. It’s time for Republicans to work with Democrats in developing a fair plan for taxes that creates economic opportunity for every American, not just giant corporations or the top 1 percent .
Senators wrong on net neutrality
Dear Sens. Rounds and Thune: We want net neutrality. We do not want the regulations protecting net neutrality repealed. You, however, are all for rolling back those regulations.
Senators, have you polled us? Are you listening? Maybe, it was on one of your town halls over Thanksgiving break? Oh wait — you didn’t hold any town halls. Hmmm, seems like you only listen to your wealthy donors and spout their talking points.
Senators, your columns and comments on the topic are insulting and paternalistic. We are smarter than that. We know what we want and what would work best in South Dakota. Please pay attention. We expect better.