As in every decision, there are benefits and drawbacks.
Will lowering
the corporate taxes would lure corporations return to the US when
they're paying peanuts with their HQs in some Caribbean islands? We need
at least to tax the profits they make in the US.
Will lowering
individual tax reduce the giving up the US citizenship by the rich? I
hope they do not take out the charity deductions otherwise the camels
(Buffett and Gates for example) will not go thru the eye of a needle.
I
belong to the middle class and am being squeezed by both sides. The
rich have many options to save taxes (Trump may pay far less taxes than I
in the next 5 years) and the poor are asking for more benefits. We
really need to encourage the poor to work with very low taxes and punish
the able welfare recipients.
Our major expenses are our endless
involvement in wars and generous welfare. Where can we get money to fund
these plus the infrastructure projects after the tax cuts? Politicians
have REAL 'answers'. God help us please!
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