Big Bass

Agreed! Hence, pay that debt down.

JFlorio Loc: Seminole Florida

The stupid Democrats and millennials cry, whine and kick their feet if you even mention cutting the growth of a program much less actually cutting it. When congress ever starts talking about cutting government I would love to see them start with their own staffs. They might actually have to work more than 1/3 of the year.

Big Bass

The average American sees through this spend, spend, spend, mentality - hence Trump. Only the mentally subnormal don't. They are the minority.

JFlorio Loc: Seminole Florida

I hope you're right. The present tax code is nothing but a government intimidating entity, that hands out favors and is used by parties to sway a certain segment of the population. Love to see a flat tax for everyone and every entity.

Big Bass

Yes, the tax code in its present form is intimidating, and its very complication creates many loopholes. Trump's simplification eliminates the holes. It also shrinks the IRS drastically. (= increased revenue) Under Trump's plan, the deficit will initially increase. But as unemployment drops to lowest levels, the deficit will come down. The speed depends entirely on how much it's going to cost to appease the idiot left, and how long we can keep common-sense policies in place.

JFlorio Loc: Seminole Florida

Unfortunately the idiots in congress are already complicating and changing the plan from its original intent.

Big Bass

"Drain the swamp" should have been Job#1. Rinos = loony left.

Quakerwidow Loc: Chestertown, MD

Certainly NOT from cutting taxes!

Quakerwidow Loc: Chestertown, MD

Unemployment is already fairly low. How does shrinking the IRS increase revenue?

debeda

Less government workers with big salaries retirement and benefits I would guess

Quakerwidow Loc: Chestertown, MD

But also less customer service meaning more frustration for us tax payers!

Big Bass

I'll try to keep this simple for you. If employ 1,000 people at $100,000 per year, your payroll is $100,000,000 per year. If you greatly reduce the workload and only require 100 people, your payroll is reduced to to $10,000,000, a saving of $90,000,000. Are you still with me? If you're a loony lefty, the clinton foundation gets it. If you support the right, you apply it to the deficit. Get it?

Larry the Legend Loc: Not hiding in Milton

Please tell me you're pulling a leg or just having a little laugh. Nobody can be that naive. Do you really believe that the money paid into the IRS goes to fund government? Newsflash, it doesn't. The money collected by the IRS is paid to the Federal Reserve system in order to pay the interest on the debt. Let that sink in. The IRS collects interest payments for the Federal Reserve, not taxes for the Federal Government. All the money you earn and pay in 'taxes' is simply handed over to the bankers to cover the interest payment for the year. That's why the debt is never paid down, because it all goes on interest.

While we're at it, guess who pays corporate taxes? That's right, you do. Corporations have a pretty good idea what their tax bill is going to be at the end of the year and adjust their pricing structure accordingly. You pay higher prices because corporations pay taxes and that money has to come from somewhere. Since you're the 'piggy bank', you get to pay.

And there's more. Guess who pays import tariffs? Correct! You do! Importers simply pass those expenses on to you, the customer, after adding their profit margin, of course. And because a tariff is considered part of the 'cost of doing business', that factors into the margin calculation as well. Double whammy! If the tariff is so high that the imported good or service is priced out of the marketplace, then the import simply ceases and that product or service is no longer offered.

In fact, there is not a single tax levied on business that does not come out of your pocket in one way or another. Remember that next time someone says that cutting corporate taxes is somehow benefiting 'big business'. 'Big business' could care less how much the tax bill is, because you're paying!

Quakerwidow Loc: Chestertown, MD

Which translates to those who have the money should be paying their taxes, not screaming for tax cuts.

Larry the Legend Loc: Not hiding in Milton

That went right over your head, didn't it?

Bottom line: You are the one doing the paying because you are the one with the money. You and the other 325 million people in this country. If corporate taxes rise, prices rise to compensate. If corporate taxes fall, prices fall to compensate. If corporate taxes go to zero, prices will fall significantly, because there will be less 'cost of doing business' to pay for. Did that get through?