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| Sen. Klobuchar (D-Minn.) has not read Pub tax plan but is not happy with it |
| 2017-09-28 |
| [Wash Times] Sen. Amy Klobuchar said Wednesday that Democrats would like more tax loopholes closed in the newly released Republican plan. "I think there’s a lot of Democrats that would favor reducing the corporate tax rate as long as we find a way to close loopholes so we have a way to pay for it," Ms. Klobuchar, Minnesota Democrat, said on MSNBC. While she acknowledged she had not read the entire plan yet, she said she sees too much of the legislation benefits the wealthy and not the middle class. "We really want the focus on helping the middle class," she said. "There are plenty of loopholes you could close." She also said that Democrats promise not to take up tax reform until President Trump released his tax returns is not something she has heard mentioned. |
| Posted by:Besoeker |
| #8 I LOVE how Democrats are all-the-sudden concerned about deficits and balance sheets. See? Trump vote value rises daily |
| Posted by: Frank G 2017-09-28 20:00 |
| #7 I have talked to a number of liberals about taxes and to sum up their beliefs: * Tax corporations into extinction because they are evil * Tax the rich more and more (even to extinction if possible) even if that means the US government has far less money because the rich are evil (with exceptions for select liberal rich). Logic doesn't seem to sink in, liberalism really is some kind of mental disorder. |
| Posted by: rjschwarz 2017-09-28 14:57 |
| #6 They'll end up means-testing the deductions so people who might benefit from it, and the simplified paperwork, won't. |
| Posted by: Glenmore 2017-09-28 14:43 |
| #5 There's a lot of lefty confusion about tax rates, tax brackets, and the Standard Deduction: Raising the Standard Deduction to 12K per person is a VERY big deal and VERY family friendly. But "Math be hard" for them... |
| Posted by: ptah 2017-09-28 12:48 |
| #4 it would put numerous tax lawyers, lobbyists and accounts out of work There's a downside to everything! |
| Posted by: Raj 2017-09-28 12:19 |
| #3 if it were up to me I would abolish the corporate tax and make it up with a value added tax same people would be paying but the ones who have gamed the system would have their tax go up and the others would have theirs go down it would put numerous tax lawyers, lobbyists and accounts out of work |
| Posted by: lord garth 2017-09-28 11:52 |
| #2 I'm all for cutting corporate taxes IF there is some way to "insure" that the savings are plowed into R&D investment or price cuts. Just letting the money fatten the fat leaves a very sour taste and I'm a fan of uncle Miltie's flat tax. |
| Posted by: AlanC 2017-09-28 09:18 |
| #1 I'm all for tax reform. Unfortunately most people in this consider a far tax plan is one that has them pay nothing and the other guy gets screwed. Somehow I think Amy's idea is a simple two line form 1040. 1) How much did you make 2) Send it in. Maybe its time to try a flat tax with no deductions, no exemptions. |
| Posted by: Cheaderhead 2017-09-28 06:01 |