Rural Lifestyle

Life in Rural America

Tag: tax and spend

Liberal States Run Out Of Other Peoples Money

Kevin Felts, blogger and political commentator

It is finally happening, liberal states are running out of other peoples money and they are flipping out. Why are liberal states losing their minds? Because the recent tax reform bill signed into law by President Donald Trump limits how much state and local taxes (SALT) can be written off federal income taxes. The cap is $10,000.

No SALT taxes should be written off federal income taxes, period. The federal government should not be subsidizing local taxation. It a state or local area passes a tax, it should be up to the citizens who are affected by that tax who should pay for it. People from Texas should not be subsidizing taxes passed in New York or California.

Why Democrats Oppose GOP Tax Reform

Kevin Felts political commentator

Why are Democrats opposed to people keeping more of their money? When Democrats had control of both houses and the presidency between 2008 – 2010, they did nothing to address off-shore tax havens. The party did nothing to overhaul the burdensome tax code. Nor did the party address companies hiding their money in other countries.

What did democrats do? They passed the so called affordable health care act that put more taxes on people.

Why is that? If Democrats refuse to address taxes, why are they opposed to the GOP tax reform?

Let’s say the wealthy keep more of their money, so what? Who do you think builds their mansions, their clothes, ships the stuff they buy… etc? The wealthy provide jobs to the working class in one way or another. Take a look at Mike Tyson and MC Hammer. They burned though millions. That money was put back into the economy.

Kevin Felts © 2008 - 2018