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The real reason for tax reform
I am puzzled why more Frantic to pass tax reform as quickly as possible Much has been said about the apparent recklessness with which it was drafted and that so much of it is directed towards the wealthy and large corporations. In spite of the growth, all legitimate economic models, even those from Republican supporters, show that under the reform plan the deficit will increase over the next 10 yea rs and that the middle class will pay higher taxes at the end of the 10 years while the wealthy and corporations will have lower taxes.
However, the driving force of the tax reform was stated clearly by Sen. Lindsey Graham when he asked what happens if tax reform failed. His response was that "the party fractures, incumbents will be challenged and financial contributions will stop." The levers of government are up for sale to the donors. Is it any wonder why the wealthy are getting such large tax breaks? The Republicans are expecting at least a portion of that tax break back to keep them in power.
Fred Miller, Knoxville
Beware of GOP's Christmas present
Christmas came early this year in the form of a massive gift from Republicans. The card on this exciting package said it was mainly intended for struggling middle-class workers. We Americans could not wait to open this wondrous gift that came wrapped in extravagant promises of lower taxes, more jobs and more money to spend.
But surprise! Most average wage earners found they will only get a few dollars in temporary income tax reductions. Most of the billions in promised tax relief will be going to the super wealthy. And then we discovered the fine print: This "gift" is going to cost us and our children more than $ 1 trillion, and it's going to be added to our country's already frightening national debt.
How ironic that the party known for its deficit hawks and fiscal conservatives has almost forgotten how to balance a budget and sees no problem in borrowing needlessly to provide lavish tax benefits for the wealthy 1 percent of our citizens.
But we must not lose faith. Already there are signs that the deficit hawks are reawakening. Yes, they agree, huge deficits are dangerous and must be eliminated. Only now, they say, the only way to reduce the national debt is to take payments to Medicare, Medicaid and Social Security. "Beware of those who come bearing gifts" is just as valid a warning today as it was during the Trojan War.
Bob Webber, Knoxville
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