"There is no limit to what a man can do or where he can go if he doesn't mind who gets the credit." - President Ronald Reagan.

Buy The Amazon Kindle Store Ebook Edition

Buy The Amazon Kindle Store Ebook Edition
Get the ebook edition here! (Click image.)

Wednesday, May 23, 2018

Democrats Don't Want You To Keep More of Your Money

The Looney Left Report

It appears that the Democrat Party is willing to commit political suicide by trying to repeal the tax cuts that were passed last year.

Here's what they want to do (from Business Insider):
WASHINGTON — As the new tax cuts ushered in solely by Republicans begin to take effect, one Democratic congressman is unveiling a repeal plan, signaling that President Donald Trump's primary opposition is serious about reversing his signature legislative achievement. 
Rep. Jared Polis of Colorado plans to introduce the Students Over Special Interests Act on Wednesday. The legislation, according to a summary viewed by Business Insider ahead of its introduction, would repeal the new tax law and redirect the taxpayer dollars toward erasing the $1.4 trillion in student-loan debt and investing in Pell grants. It will be the first piece of legislation aimed at unraveling the new tax law. 
"The Republican tax plan was all about special interests cashing in at the expense of everyone else. My plan shows what a difference we can make for middle-class Americans for even less cost," Polis said in a statement obtained by Business Insider. "So many people go to school, get a job, and work hard but still struggle to get ahead because they are weighted down by student loans. It's time to help them get out from the mountain of debt they are under."

Well, if students can't afford to repay their student loans, then they shouldn't have taken them out in the first place. Also, the problem was made worse when Barack Obama and the Democrats federalized student loan programs. For many, getting into student loan debt just isn't worth it (go here).

The party of "They never met a tax they didn't like or hike" (Ronald Reagan) has always begrudged people of retaining more of their own money. They are unwittingly giving the GOP some great ammunition to use against them during the general election campaign.

To read more, go here.

No comments:

Search This Blog