Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Tuesday, December 12, 2017

Loopholes! We Got Loopholes!

Jon Chait makes a point I've been making.  The GOP Kick America In The Nuts Bill of 2017 is so poorly written, so shoddily put together that it will create a massive wave of tax avoidance that would make the Greeks blush.

Once item of good news: We could get hammered by the end of the SALT deduction (State And Local Tax), but Connecticut could simply change from an income tax to a payroll tax, raise the same amount of money, protect its citizens and the services those taxes pay for....and punch an even bigger hole in the deficit.

No comments: