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The Paramus Post - Greater Paramus News and Lifestyle Webzine
Saturday, April 20 2019 @ 06:36 PM EDT
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The Paramus Post - Greater Paramus News and Lifestyle Webzine
Saturday, April 20 2019 @ 06:36 PM EDT
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The Paramus Post - Greater Paramus News and Lifestyle Webzine

Penny for Congressman Scott Garrett's Thoughts on Trump’s Plan


Penny for Congressman Scott Garrett's Thoughts on Trump’s Plan to Give Rich People and Outsourcers Like Himself a Multi-Trillion Dollar Tax Cut?

Washington DC – This week, Donald Trump desperately tried to change the conversation after a week of terrible headlines, whether it was the embattled Republican presidential nominee insulting the Gold Star parents of a fallen American Muslim soldier, or declaring he “Always Wanted a Purple Heart” after dodging the draft 5 times during the Vietnam War, or recommending women simply “Find Another Career” if sexually harassed at the workplace, or denying revelations that he repeatedly asked a foreign policy advisor ‘If we have [nuclear weapons], why can’t we use them?’, or his spiraling poll numbers.

Trump attempted to hit the reset button by rolling out his economic plan during a fact-free speech in Detroit that editorial boards and economists have roundly slammed as a massive and costly giveaway to the wealthiest Americans and outsourcing corporations at the expense of middle class jobs. It’s been widely dismissed as lipstick on his previous pig of a plan that independent analysts found would balloon the deficit by $12 trillion and cost 3.5 million Americans their jobs. Under Trump’s previous proposal to make income inequality even greater in America, over one-third of the proposed tax cuts on personal income would go to the top 1% of income earners who would on average owe $275,000 less when the tax bill comes.  Trump’s plans to deregulate Wall Street would invite back the same risky and reckless behavior with other people’s money that led to the financial crisis in 2008 and the Great Recession. This week, Trump threw in another goodie for the wealthiest among us, proposing to abolish the estate tax which only applies to the richest 0.2 percent of Americans. Trump’s family would personally benefit to the tune of $4 billion by getting rid of the estate tax, meanwhile it would blow a $320 billion hole in the deficit over the next decade.

While Trump, a hypocritical outsourcer, claims his trickle-down tax plans would make America “great again,” the economic growth that resulted from previous tests of the theory that millionaires will create jobs with their tax breaks rather than pocket them proved to be anything but great, whether it was the Bush tax cuts that led to the “worst jobs record on record”, or more recently Governor Sam Brownback’s tax cuts for the rich that have slowed Kansas’ economy to a crawl.

Given that Trump tweaked his costly tax proposals to more closely mirror those of Republican House Speaker Paul Ryan, voters deserve to know where U.S. Representative Scott Garrett (NJ-5) comes down on all of this.  Yes or no – would he vote for Trump’s plan in Congress?

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