Letters to the Editor: A comment on 'A View from an Economist'
A comment on 'A View from an Economist
TO THE EDITOR
I read the new column, "A View From An Economist" and was a little disappointed that Dr. Brux decided to leave out some actual facts about the current Republican tax proposal and instead decided to make some partisan points.
The median family income in this country is just over $59,000. Half of the population earned more, half earned less. Let's assume the "median family" is a family of three. Under the current tax structure (assuming taking the standard deduction, personal exemptions and credits) that median family will pay about $3,190 of Federal Income Tax.
Under the "Republican Proposal" they are doubling the standard deduction and condensing the 10 percent and 15 percent bracket to a 12 percent bracket. Under that structure, that same "median family" would pay $1,074 in Federal Income Tax. That is a 66 percent reduction in taxes. You honestly say that does "little to benefit low and middle income people?"
I can promise you, the top 1 percent in this country or those who earn almost $400,000 a year will not see a 66 percent reduction in their income taxes. And, as an economist, I am sure you are aware that the years following the Bush tax cuts, the U.S. Treasury took in record tax receipts. Please put your politics aside and stick to the economic facts.
How is this happening?
TO THE EDITOR
I went with a friend to court this week and what I heard was unbelievable. Today was the third hearing about the same abuse case. How is this happening? A child is being sent to the abuser's house without outside protection. I do not understand how this still keeps happening.
Instead of protecting the abused it seems as if the abuser is protected.
We need to educate our court officials on domestic abuse.
Tax cut and Jobs Act
TO THE EDITOR
Did you vote for Donald Trump? OK. But did you donate over $1 million to his campaign? No?
The Koch brothers did donate millions and now the biggest heist of the U.S. Treasury is about to materialize right before your eyes. With the proposed repeal of the federal estate tax, (which already permits a $10.98 million tax exemption) hedge fund managers and billionaires will soon be exempted from any federal estate tax. On a $50 billion estate, at 40 percent flat rate, the Koch brothers will now save $20 billion. The President and a couple of his ultra rich cabinet members will also save over $2 billion each.
Meanwhile, Medicaid funding for the poor and disabled will be on the auction block.
Federal aid to public schools will be slashed and funding of the Environmental Protection Agency and federal aid to cities and states to combat terrorism will be drastically cut.
Given the robust economy that the prior administration resurrected from the near collapse that had existed, and given the fact that businesses can already write off any investment they make in equipment or training of employees, why does the GOP tax cut provide such a huge tax break for large corporations and professional organizations like my own law firm? It will not incentivize any further job growth, but instead will permit the pay out of more profits to shareholders. Mr. President, few working poor own much publically traded stock. But the Koch brothers do.
No surprise here, the super rich are now being paid for their political contributions. Any Trump voter that thought the President would speak up for them should now open their eyes to this robbery of our U.S. Treasury. Sad.
TO THE EDITOR
House Representatives M. Goetz (R-Florida), A. Biggs (R-Arizona), and L. Gohmert (R-Texas) want to shut down the Russian investigation. They claim Robert Mueller is unfit to run the investigation because of his relationship to James Comey.
Are these men not concerned, interested or dedicated to the pursuit of justice or is this simply a case of party loyalty?
If only these three men had half the credentials that Robert Mueller has earned. His reputation is beyond reproach.