Take our user survey and make your voice heard.

Here
and
Now

opinions

Trump on his promises: Yes on tax cuts but where's the wall?

10 Comments
By CALVIN WOODWARD and JILL COLVIN

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

©2024 GPlusMedia Inc.


10 Comments
Login to comment

Tax cuts for whom? People like me, in the middle class, will see our taxes go up, all in the name of giving billionaires a bigger share of the pie.

-2 ( +2 / -4 )

To answer the question - the wall has a number of prototypes being tested once evaluated construction will begin.

-1 ( +2 / -3 )

How can they build a wall if they have reduced taxes?

Seems like a great way to increase the debt.

Republicans seem to whine a lot about the debt until it comes to actually having to do something about it. Then suddenly it's an open checkbook.

0 ( +5 / -5 )

The Dow has broken records. There are 250,000 new jobs, less people on food stamps, poverty is down, industry is on the rise.

It has often been written that the pen is mightier than the sword. With their article, Calvin Woodward and Jill Colvin - with their tricky crafty article, are using the pen in an attempt to discredit President Trump.

There many that will see through their cunningness.

0 ( +5 / -5 )

it is more tilted to the wealthy 

People who are poor do not pay income tax to begin with, so it is simply definitional that income tax cuts are "titled to the wealthy". You can not have a cut, without something to cut.

Tax cuts for whom? People like me, in the middle class, will see our taxes go up

The standard deduction has been roughly doubled, so that's going to lower people's taxes, not increase them.

To have your taxes go up (after the increase in the standard deduction), would imply that you had been benefiting from some other types of deduction which have been abolished in the changes. Which deductions are you talking about - and were they really middle class deductions, not rich person's deductions?

Here in Japan, I get a hefty tax deduction by virtue of owning my own home and having a large mortgage. Conversely, people who do not own their own home with no mortgage get no such tax deduction. 

Who is richer - me who owns my own home, or a poorer person who does not?

Would it not be to the benefit of the poorer people for the standard deduction to be decreased, and my special carve out abolished? This is what has happened in the US, as far as I can see.

It's interesting that opponents to the tax cut plan seem to be defending carve outs that primarily benefited the wealthy, while ignoring the increase in the standard deduction which means low income earners have to earn more before they pay any tax.

-3 ( +1 / -4 )

How can they build a wall if they have reduced taxes?

The suggestion that the tax changes will add 1 trillion dollars more debt after 10 years is just a projection, based on assumptions. That result will turn out to be wrong by the time we review in 2027, there is no way it will prove to be correct.

Cutting tax rates will help the economy grow faster, and thus larger more quickly, and a larger economy is likely to generate more profits, which even when taxed at lower rates, will over time result in higher tax revenues. Exactly when this break-even point comes is anyone's guess, but there is no doubt about the direction.

Seems like a great way to increase the debt.

Not as great a way as whatever it was that did double the debt from 10 to 20 trillion dollars over the prior decade.

Whether the debt increases or not depends on whether spending is in balance with revenues. The driver of debt is that politicians tend to spend more money than they take in in tax revenues.

Consider an extreme case, where the tax cuts eventually result in tax revenues that are twice are large as they are now. This doesn't necessarily solve the debt problem though, because in the meantime the government might have increased spending by even more.

-2 ( +1 / -3 )

He vowed to move the embassy to Jerusalem and is doing it which is excellent as it is the capital of Israel.

-5 ( +0 / -5 )

the wall has a number of prototypes being tested once evaluated construction will begin. they haven't even secured funding yet, Mexico will eat grass before they pay for the wall, and if Trump somehow forces them too, Im sure they'll let america fight the drug cartels without their help. then you've got that 40% tariff on Chinese imports LOL

2 ( +2 / -0 )

the wall has a number of prototypes being tested once evaluated construction will begin. they haven't even secured funding yet, Mexico will eat grass before they pay for the wall,

Either way, it’s going up.

and if Trump somehow forces them too, Im sure they'll let america fight the drug cartels without their help. then you've got that 40% tariff on Chinese imports LOL

We've been doing that for years without their help. I mean, we did get El Chapo.

-2 ( +0 / -2 )

Why is Trump asking the US Congress for money for his wall? Congress is not Mexico.

The US only got El Chapo bevause the Mexicans caught him and handed him over. Some intellectual honesty, please.

1 ( +1 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites