But who will pay for Trump’s glorious tax cuts?

Re: “Counting all the ways Trump’s tax cuts have helped Coloradans,” Sept. 17 guest commentary

The object Regina Thomson, a former field director for Koch’s Americans for Prosperity, was polishing in her commentary on the Trump tax cut, wasn’t the golden egg she made it out to be.

Despite a handful of anecdotal stories of one time bonuses, the reality is that according to Politifact median income families and below will (temporarily) received only 6.6 percent of the $1.5 trillion tax cut, leaving 93.4 percent for corporations and top earners. Paraphrasing the old Beatles song, “That’s 1 for you and 14 for me.”

The $1.5 trillion added to the deficit is a heavy price to pay for such a pittance of a refund. Put another way, Thomson is effectively saying it only cost you $140,000 to buy that $10,000 used car you should be grateful! Harry Doby, Denver

Kudos to The Denver Post for printing an accurate opposing view that contains facts rather than the usual “The Sky is Falling” AntiTrump rhetoric.

The guest commentary by Thompson reflects what transpires when the working class receives their tax dollars back instead of shoveling them into the black hole of a bloated government that wastes it’s citizens tax dollars. Brian F. Brock, Denver

Thomson’s commentary about the Trump tax cuts is a perfect example of the short term thinking, or immediate gratification orientation, we have as Americans.

If a man with serious debt takes his family to Disneyland for vacation, his kids think he’s the greatest. If a year later he loses his car, or has to file for bankruptcy, we call him a fool.

Our country’s debt and deficit are rising, and most of the tax cuts benefit wealthy people, business owners, and corporate executives and stockholders.

With interest rates rising, the costs to pay for those tax cuts will rise significantly. So if next year, after the midterm elections, the silly rhetoric about entitlements bankrupting our country reappears, let’s all remember that tax cuts that “help” today but cause greater problems tomorrow, aren’t as helpful as Thomson is leading you to believe. Mark Zaitz, Denver

Thomson’s column indicates the many benefits provided to Coloradans by the GOP tax cut enacted earlier this year. While I do agree that some companies have invested those savings into their employees, and presumably have increased their hiring, I believe she chooses to disregard the realities of the tax cut.

For those of us that are contractors, a growing number including professionals before they can be hired by a company, we have seen little benefit to this tax cut.

While my income taxes have gone down, perhaps by $100 a paycheck, nothing else has improved. I have received no bonuses, no contributions into my 401(k), no increase in wages.

Given the increasing inflation, my costs have gone up this year, approximately by several thousand dollars, making the tax cut a wash.

What no one seems to be discussing is that Congress, at the same time of the tax cut, voted for a huge increase in spending for the military, with no avenue provided to pay for this increase.

The numbers I have seen are about a $1.5 trillion increase in the federal deficit that is forecast to be 100 percent of GDP by 2028.

Who, exactly, is going to have to pay for this? Bill Koerner, Centennial