Seems like the Dem talking points are shifting a bit. I have heard a lot of "the rich are getting a BIGGER tax break than the middle class/poor". The straight up lying that the middle class was getting an increase just wasn't working. So now they're moving to an old standby, attack the rich.
Tax breaks can literally only be given to those who actually pay taxes. And since 50% of the country doesn't pay any income tax, they can't possibly get a tax break. So, in Dem logic, that means only the richest 50% are getting a tax break. When they say the "rich" are getting the biggest breaks, they aren't technically lying so I bet that's the Dem talking point we'll be hearing the most going forward.
I haven't read the new law, but a couple weeks ago the story was that the bill would allow companies to write off capital improvements in the 1st year rather than having to depreciate them over many years. If that's still the case, that is going to lead to some HUGE private spending in the coming years....read: Economic STIMULUS done the right way.
A new much lower corporate tax rate AND the ability to write off capital improvements in year one? Yeah, get ready for an economic boom boys and girls.



Reply With Quote

