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Politics & Government

Brian Fitzpatrick's Support of Tax Plan violates 3 promises

Trump & GOP tax plan effort to get anything done violates promises against single-issue promises, zero-budgeting, and borrowing

The current tax proposal violates longstanding principles of deficit reduction, announced titale as a maiddle class tax tax cut, and local representatives core principles. By way of background, the GOP is giving corporations massive unpaid for tax breaks, at the expense of exploding the deficit, setting the course to force cuts to social safety nets, and burdening the rest of America with future tax hikes. The proposal is promoted as a middle class tax cut but the majority of the cuts and elimination of taxes benefit the corporations and the wealthy, while offering temporary cuts for middle class, at best. The trifecta of disparity, unfairness, and waste is the subject of other articles, but this article highlights 3 of the 10 principles set forth by Brian Fitzpatrick and asks him to stay the course and reject this proposal.

Brian Fitzpatrick shares these principles on his page (his numbers are retained to maintain consistency and ease to insure accuracy):

4. Each vote should be on a single issue. End the cynical process of filling bills up with non-related items.

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5. Force the bureaucrats to defend every taxpayer dollar they spend by enacting “zero-based” budgeting.

6. Support a Balanced-Budget Amendment to our Constitution to end the limitless borrowing which is crippling our future.

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http://www.brianfitzpatrick.co...

Following these principles, the current proposals violate all three principles. First, unrelated issues are included to try to gain votes. The tax bill includes permission to drill in Alaska an issue that has failed to gain support for years, in the hope of gaining the Alaskan representatives votes. The tax bill also includes a highly disputed issues, when life begins, within the tax bill, redefining it to include fetuses to gain additional votes of conservatives who otherwiswe oppose the bill.

Second, principles five and six are both violated by the tax proposal which does not pay for itself, but rather needed a fancy legislative tool to allow a further expansion of the debt of $1.5 TRILLION. It is uncontested that this proposal cuts income but $1.5 TRILLION, at the very least. I say at the very least, because, in addition to the half trillion saved the top .2% by eliminating the estate and the trillion saved by cutting the corporate rates, this lost tax revenue does not even include the reduced taxes from elevating the threshold for the highest rate by $500,000, and the costs lost with pass thrus. Briefly, but subject of another article, the new pass thru rate of 25% allows the highest income earners to merely create a pass thru, i.e. an L.L.C., and pay themselves through that pass thru to reduce all income from 39.5% to 25%, a 30% reduction. This reduced tax level would directly apply to Trumps own organization.

Third, under the proposals, the only way to even stay under this deficit spending cap, they will now double tax state & local real estate taxes, state & local income taxes; eliminate deductions for medical expenses, tuition waivers, student loans; and create new taxes on universities.

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