The Doom & Gloom Club: Dems’ Panic Over Tax Bill
The tax-cut plan, which passed with no Democratic support, is said to add $1.5 trillion in federal debt, but that’s before calculating new income collected thanks to rising growth (“Negative Nancy,” Rich Lowry, PostOpinion, Dec. 22).
Because of the lowered corporate-tax rate, US businesses with headquarters overseas will be heading back home, bringing jobs and wage growth for Americans.
All this is in addition to middle-class tax cuts, starting with the doubling of the standard deduction. Amen.
David DiBello
Brooklyn
Considering that I’m currently paying some of the highest school taxes, property taxes and sales taxes in the nation, I find it surprising that Gov. Cuomo and Sen. Chuck Schumer are suddenly very concerned about my ability to pay taxes under the new tax-reform bill.
I hope President Trump is successful in draining the swamp.
Tim Mahoney
Rochester
It seems that Sen. Schumer and the rest of the Democrats, who are now worried about the deficit, have forgotten about ObamaCare and the stimulus bills that stimulated nothing but debt.
They prove once again that nothing matters to them except their mindless agenda.
Dennis Zielinski
Carlstadt, NJ
Every Democrat in Congress voted against the tax-reform bill, eliminating any doubt that their sole goal is to obstruct Trump’s agenda.
It’s clear to me that they were not afraid of the potential negative impact of the bill; they were worried it would have a positive effect and reflect well on Trump.
How sad when our representatives put their personal biases ahead of the welfare of the American people.
Robert Dickenstein
Paramus, NJ
Have you ever seen a more negative bunch of politicians than the Democratic Party, preaching doom and gloom?
They complain that the tax bill was partisan, but they wanted no part in compromising. It was their way or no way. The constant whining about their loss is sickening.
Sam King
Manhattan
After almost a year of no accomplishments, I can understand the need for a little grandstanding after passing the tax bill.
But to see GOP lawmakers standing on the steps of the White House giving praise to dear leader was a bit much. Sen. Orrin Hatch made me sick to my stomach.
Kenneth Wirtz
Cheshire, Conn.
When Congress decides to spend an additional $1 trillion or more with borrowed money, it’s not cutting taxes. It’s just running up bills that will have to be paid by future taxpayers.
It adds $1.5 trillion to the debt, which will have to be paid by our children and grandchildren. I thought Republicans were all about cutting debt.
Edward Drossman
Manhattan
Trump’s new tax plan is going to be absolutely terrible for the middle class living in New York City.
I am a lifelong Republican and Trump supporter, but this plan will cause New York, New Jersey and California residents to pay for the tax cuts for all other states.
Matthew Nugent
Staten Island
How can Congress pass a bill that the majority of Americans oppose?
We voted them into office to do the right thing for all Americans, not just the rich. Raising the deficit is not the way to go.
Taryn Harris
Brooklyn
If the goal of the tax bill is to reduce taxes for the American people as well as for corporate America, then what is the reason for the $10,000 cap on SALT deductions?
After all, House Speaker Paul Ryan insisted that the bill will more than pay for itself via economic growth.
The cap will increase federal income taxes on millions of blue-state voters, including people like me who have seen their property taxes alone climb to nearly $10,000 or higher in recent years.
Dennis Middlebrooks
Brooklyn