Middle Class Tax Relief And Simplification Act.
An economic plan designed to grow the economy 4% per year and create at least 25 million new jobs through massive tax reduction and simplification, in combination with trade reform, regulatory relief, and lifting the restrictions on American energy. The largest tax reductions are for the middle class. A middle-class family with 2 children will get a 35% tax cut. The current number of brackets will be reduced from 7 to 3, and tax forms will likewise be greatly simplified. The business rate will be lowered from 35 to 15 percent, and the trillions of dollars of American corporate money overseas can now be brought back at a 10 percent rate.
Competitive tax rates? Other countries can take part in a race to the bottom as well. This subject needs a long essay. Suffice to say, the deficit would sky-rocket. The only sensible bit is the tax simplification, but every person’s tax complication is another’s handout or boondoggle.
End The Offshoring Act.
Establishes tariffs to discourage companies from laying off their workers in order to relocate in other countries and ship their products back to the U.S. tax-free.
Probably too late, but in any case this threatens old- fashioned tarriff wars, something we tried to get away from for decades.
American Energy & Infrastructure Act.
Leverages public-private partnerships, and private investments through tax incentives, to spur $1 trillion in infrastructure investment over 10 years. It is revenue neutral.
About time. But the Congressional Republicans don’t think this is a priority. Why, when bridges are collapsing and the infrastructure generally is obviously ageing, is a mystery.
School Choice And Education Opportunity Act.
Redirects education dollars to give parents the right to send their kid to the public, private, charter, magnet, religious or home school of their choice. Ends common core, brings education supervision to local communities. It expands vocational and technical education, and make 2 and 4-year college more affordable.
Repeal and Replace Obamacare Act. Fully repeals Obamacare and replaces it with Health Savings Accounts, the ability to purchase health insurance across state lines, and lets states manage Medicaid funds. Reforms will also include cutting the red tape at the FDA: there are over 4,000 drugs awaiting approval, and we especially want to speed the approval of life-saving medications.
Potential disaster. How can you “save” on minimum wages? What is needed is a single payer system that cares for everyone but that means higher taxes. As for the “red tape” at the FDA this is what protects us from dud drugs that are either dangerous or have horrible side effects. Who thought that up? (why, the pharmaceutical companies, of course, and their lobbyists)
Affordable Childcare and Eldercare Act.
Allows Americans to deduct childcare and elder care from their taxes, incentivizes employers to provide on-side childcare services, and creates tax-free Dependent Care Savings Accounts for both young and elderly dependents, with matching contributions for low-income families.
Yes, o.k
End Illegal Immigration Act
Fully-funds the construction of a wall on our southern border with the full understanding that the country Mexico will be reimbursing the United States for the full cost of such wall; establishes a 2-year mandatory minimum federal prison sentence for illegally re-entering the U.S. after a previous deportation, and a 5-year mandatory minimum for illegally re-entering for those with felony convictions, multiple misdemeanor convictions or two or more prior deportations; also reforms visa rules to enhance penalties for overstaying and to ensure open jobs are offered to American workers first.
America is a country of immigrants. We need them because the population is ageing, and in some cases we simply don’t have the skills. (poor education, as witnessed by the election!). But I guess this is the main driver of the Trump success; fail in this and he’s out.
Restoring Community Safety Act.
Reduces surging crime, drugs and violence by creating a Task Force On Violent Crime and increasing funding for programs that train and assist local police; increases resources for federal law enforcement agencies and federal prosecutors to dismantle criminal gangs and put violent offenders behind bars.
Crime isn’t “surging”! Is this an excuse for putting more blacks in jail and supporting the private jail industry?
Middle Class Tax Relief And Simplification Act. America already collects less tax as a proportion of its GDP than any other developed country. Reducing taxes will not make it much more competitive. Plus, if the taxes are spent on education, universities, infrastructure and urban development, it will actually make the country more competitive. According to Forbes (not exactly a hotbed of socialism), Denmark is the world’s most competitive country, despite having amongst the world’s highest tax rates. Tax simplification would be great though, but you’d have to annoy a lot of people who benefit from various deductions, many of whom are poor. More urgent is the need to combat tax avoidance.
American Energy & Infrastructure Act. I think its far better the government spends the money directly rather than indirectly through tax incentives. That way, the government can decide on behalf of the people what is best, rather than having private companies decide for themselves. Its also more efficient, because many companies would choose to at least pocket some of the tax break money or spend it on other things.
School Choice And Education Opportunity Act. This would be terrible. The problem in America is that education is too decentralised. Funding comes from local revenue sources, so rich areas get vastly better schools. There should be more federal involvement in education, to ensure that every area gets roughly the same amount of money spent on it. There also needs to be a radical program to tackle school segregation, which is becoming worse. It cannot be healthy to have kids of different races leading virtually parallel lives.
Repeal and Replace Obamacare Act. This is just a massive tax cut for the rich, who would benefit disproportionately from being able to deduct health spending from their taxes. If you aren’t paying any federal income taxes, like the poorest people, there’s nothing you can deduct from. Quite frankly its embarrassing that America still doesn’t guarantee healthcare to everyone, and its just as embarrassing that Trump doesn’t seem to care.
Affordable Childcare and Eldercare Act. Again, all of these tax deductions only really benefit the rich. They also complicate the tax code Trump promises to simplify!
End Illegal Immigration Act. When net migration between Mexico and America is actually negative, more people move from America to Mexico now, the wall is a colossal waste of money. Deport criminal immigrants sure, but illegal immigration isn’t a particularly bad problem. Any measure to deport all of the illegals would damage the economy because it would cost money and there would be a labour shortage, particularly in agriculture. There should be a pathway to citizenship, but that isn’t mentioned here.
Restoring Community Safety Act. America’s ‘tough on crime’ policies, white having contributed to the reduction in crime in recent years, are not without their downsides. The incarceration rate is far too high, depriving the economy of regular workers and many children of their fathers. The militarisation of the police results in too many police killings each year. And there’s nothing here about ending police brutality, which affects African Americans far more. What’s needed is a program of rehabilitation- reducing the reoffending rate by teaching people skills and values, focusing on reintegrating them into society by giving them opportunities. This relentless focus on punishment will only damage the economy and increase crime. Also, Obama said federal private prisons would be abolished. Trump is yet to comment on that specific issue, but I hope all prisons are fully renationalised.