When I was a sixth-grader, my teacher, Mrs. Winkler, told me something that I've always tried to do since. It makes perfect sense. She said, "Always vote your pocketbook." I'm reminded of it as I look over this "new" tax cut for the rich. When will we learn? Not during the Reagan years when he cut the top tax brackets, a giant payoff for the rich; not during the H.W. Bush years when we read his lips and he raised our taxes; certainly not during his son's years when he destroyed a balanced budget by starting two unwinnable wars and giving us two gigantic tax cuts for the rich.
Now we are poised for yet another "trickle-down" tax break. This time it actually raises taxes on two-thirds of the middle class over the long haul, gets rid of the inheritance tax and gives corporations a giant tax cut. The actual business tax rate of 18 percent (as opposed to the statutory rate, 35 percent) is not the highest in the world, but rather in the middle. Some corporations pay none at all. They don't need it, they are awash in cash, over four trillion. They don't need to create jobs, we're at full employment. It would be better spent training Americans for the six million jobs we can't fill because we lack the skills.
President Trump gains over one billion dollars in tax breaks if it passes. Many middle class people will be paying for it. - John Shuck, Sioux City