Lets Get it Right-- whats in the bill, not what they call IT

Desperation creates bad policy and right now there is a dangerous trifecta: 1. Trump & GOP are desperate for some legislation; 2. Middle-class is desperate for tax cuts; 3. America is desperate to escape the greed that has seen businesses reach record profits while also failing to give back to people in wages or communities by investing in US--the United States.

This desperation is dangerously leading america to a policy which will contradict traditional notions of using a period of record continuous growth to reduce deficit and invest in infrastructure and US, and instead double-down on debt spending that will expand our debt by $1.5 TRILLION, unevenly and unjustly enrich the better off expanding the ever growing wealth gap, and, as Paul Ryan has recently stated, provide fuel to revisit "entitlements" to offset this cash gift to the wealthy. The rush down the foxhole seeks to hide the hidden trend already in the economy that has led US to "full employment" so that people will not realize this gift to wealthy and corporations is unneeded, to conceal that grossly disparate benefits are being given to wealthy and corporations compared to most citizens, and to hope people are distracted by the promise of a "guarantee" of an immediate benefit even when the benefit to the wealthy is 4x that of them (distract then with dollars while giving thousands, millions to others).

The need for the GOP to do soemthing since they have failed in so many ways will drive a tax plan, no matter how bad or hurtful through Congress, but to limit the harm, we must understand, express and be heard.

This topic is too broad, to be covered in any one piece, but rather needs, warrants multiple features. But the highlights, well low-lights, are somewhat summarable. The plan as proposed is unfairly, disparately and unjustly enriches those with the most at the expense of those with the least through a trifecta of: 1. greater reductions for those with the most at the expense of those with the least; 2. disparately eliminating deductions for individuals while keeping them for corporations; 3. giving the wealthy and corporations permanent reductions while giving the rest of US temporary relief.

DISPARATE & UNFAIR REDUCTIONS: Corporations get a 40% rate reduction while the middle class and below get a 10% rate reduction at best.

DEDUCTIONS unfairly & disparately kept for corporations but taken away from US: Corporations & Pass Thrus not only get the greatest reductions but they also get to keep their deductions to reduce the rates even more. Individuals lose deductions for children so couples with and without children have the same rate. Medical expense deductions go away at the worst time as they will become even more important since the GOP & Trump are seeking to also eliminate healthcare and reduce Medicaid and Medicare. College tax credits are being removed and tuition free offers and grant work will be treated as income elevating one's taxable income. Corporations will be able to deduct moving expenses even when they move overseas but citizens will not be able to deduct moving expenses mandated by work. Teachers will no longer be able to deduct the first $250 (of which is often substantially more) that they spend on supplies for their classes and students.

PERMANANCY for the wealthy & corporations, while TEMPORARY for rest of US: The GOP is making the corporate and pass thru rates, as well as the estate tax repeal and elimination of the AMT permanent while, offering the middle and lower classes credits that only last for five years.

The trifecta of economy, employment and greed show that giving more to those that are currently experiencing record gains, profits and growth will not be an effective way to help economy or US.

ECONOMY: the US continues to grow without inflation and is benefitting from an expanding worldwide period of economic growth. Companies are recording record profits for years running. Yet, these profits have NOT trickled down to workers’ wages, investment in US aside from automating jobs.

EMPLOYMENT: the US economy has reached what is defined as full employment. This employment competition is already shrinking due to immigration restriction and deportations, to such a degree, that even the president who claims to be a hire American president has already obtained exemptions to hire foreigners in his Virginia winery and now Mara Largo in Florida.

GREED: Despite record period of growth and records profits by businesses & the record wealth gap between the top 1% and everyone else, this massive, expansive accumulation of wealth has not trickled down to workers, charities, or investment in US. Common sense tells us that if these massive accumulation shave not already resulted in wage growth or been invested in US, giving even more will not change the zebras' stripes.

Thoughts of giving money to corporations and rich ignores the trifecta of: 1. people are more likely to spend in our economy than rich/corporations; 2. corporations unlike government has a profit motive tied to private NOT public gain; 3. the complexity of corporate decision making which places higher priority of low wages and cheap land over the taxing system because few pay the advertised rate.

WHO WILL SPEND in US? Corporations will not be mandated to invest any profits they harvest back to the US into our economy, but rather can spend as they wish. If money is needed to stimulate the economy, a fair question to ask is this. Who is more likely to put the tax reduction of $4000 they receive back into the economy:1. Giving a struggling family of four making $40,000 a year2. A corporation making billions3. Donald J. Trump or other 1% ersI believe we can all agree it’s the family of 4. Now multiple that direct investment in the economy by the number of families who can receive this direct reduction, instead of cutting corporate rates by 40%, eliminating the AMT, creating pass thrus who pay less than citizens, and eliminating the estate tax for assets above $5.5 MILLION. The IMPACT will be direct, immediate, and going to those with need instead of those with greed.Public or private motives: UNLIKE the government who is supposed to be for all of US as a middle-person, corporate middle-persons have a well-defined corporate purpose maximize profits and returning profits to investors not investing in the public good of the U.S.

CORPORATE DECISION MAKING & RATES: First and foremost no-one pays the advertised rate so the 35% rate is not the real rate (between 19-20%). The US real rate is actually very competitive, within percentages of other countries. Second, to the extent the US reduces rates even further, international competition will mean that others will only match reductions, resulting into a race to the bottom for zero tax. This is no different than the incentives her in the states where a similar race to the bottom occurs. Third, taxes are a small portion of any corporate decision making. The other key factor is wages and America is NOT going to race to the bottom here. There is nothing we can do to match the low wages elsewhere.

Overall, the trifecta of justifications fail to support the cause, the trifecta promised investment in US if it follows history will fail to bear fruit, and no matter what, the trifecta of unfairness and disparate treatment all warrant rejection of the proposal, mandate a slowing down of this process, and an opening up to all parties, and a shared goal which will achieve the goals of: tax reduction, tax simplification, and tax fairness to all of US.This plan is not a middle class tax cut, and they cannot be fooled by the distractions of small temporary reductions while the wealthy and corporations reap permeant, massive breaks in so many ways. Start over, be clear, be fair, and be inclusive. A process we can all believe in.