12-04-2017, 01:49 PM
I similarly will confess to not being all that knowledgeable about tax legislation. To me, it looks like a time bomb. In the next couple of years, a decent amount of people (specifically Trump's base and the super rich) will see at least a modest decrease in taxes.
But down the road the tax breaks will cease. Insurance premiums will be up. And we will again see that rich people getting massive tax breaks does not magically increase jobs or wages.
Perhaps the GOP is banking on that coming post 2020? They might be hedging bets that they can either a) fix it if they maintain control of Congress/presidency or b) let it explode while the Dems are in control.
But down the road the tax breaks will cease. Insurance premiums will be up. And we will again see that rich people getting massive tax breaks does not magically increase jobs or wages.
Perhaps the GOP is banking on that coming post 2020? They might be hedging bets that they can either a) fix it if they maintain control of Congress/presidency or b) let it explode while the Dems are in control.
