Sunday, January 08, 2017

Rider Likes Trump

Richard Rider has what I think is a good idea in regards Donald Trump dealing with progressives. As he points out, no matter what Trump does, progressives will continue to attack him. So, Rider suggests a play on state taxes:

"If I were Trump, I'd recognize that negotiating and working with liberals is not going to bear fruit -- especially when they have nothing to lose from such obstruction and disruption.  After all that liberal abuse, it's time for President Trump to deal out a little payback.  Actually, a LOT of payback.
There are many payback options available to the Trump administration, but I have a favorite:  Lower federal income tax rates IN EXCHANGE FOR the ELIMINATION of the deductibility of state and local taxes.  End the deduction for state income taxes, property taxes and sales taxes.  Make states face the full cost of their governmental operations."

" It's a YUGE, BEAUTIFUL option for Trump.  Almost without exception, all the high tax states voted for Hillary -- these liberal bastions house most of the antagonistic progressives.  Low tax states will be far less impacted by this change -- and most of them voted for Trump.  Indeed, low tax states stand to gain from the increased competitive advantage they would offer the well-to-do and businesses currently ensconced in the high tax states.

It makes good economic sense.  I emphasize that this should be a REVENUE NEUTRAL reform -- reducing federal tax rates to offset the higher taxable income faced by taxpayers.  But while NATIONALLY revenue neutral, it was be a net PROFIT for low tax states and a net COST to the high tax states -- and their citizens.. Moreover, it's sound economic policy. The current deduction encourages spendthrift policies in these liberal states."

" The best part of this option is that Trump can do this without admitting it's payback. It's just sound economic reform. But it would be devastating to the money-grabbing states." 

I agree. Rider admits he'd lose financially with his plan, but so be it. That would just give him another excuse to leave the state.

I doubt Trump is sharp enough to take advantage of Rider's plan, but he'd be a fool not to.


At 12:04 PM, Anonymous Anonymous said...

Yes, since the GOP never obstructed Obama, it is unreasonable for Dems to obstruct Putin's Puppet now.

Of course the "high-tax" states net send money to the federal govt, and "low-tax" states net recieve money, so that won't work for long, but facts and math have never really mattered anyway.

At 6:36 AM, Anonymous Anonymous said...

This man is an idiot. Never mind how many times the GOP tried to destroy the country under Obama. He may want to review just which states ARE "money-grabbing". Surprise!

At 10:12 AM, Blogger Henchman Of Justice said...

Personally, cut all funding from the fed to the states.......Federal taxes for Feds only......Simple!


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