Poor Puerto Rico. Not only has the island been hit by two hurricanes in a month, now they will be hit by the arrival of Donald Trump. A presidential visit is completely disruptive, using people and resources that are better if targeted to those in need. Various presidents have come to Salt Lake City during my nearly three decades here and the havoc it wreaks is seen for days in advance and days afterward. Seems like the last thing Puerto Rico needs. If Trump's hot air could be harnessed....
The last thing Trump needs is a tax cut. Although we have only seen one partial tax return, we know from that little bit that in that one year he would have saved at least $26M in taxes if his proposal had been in place. Of course he is lying like the champion liar he is by saying he won't be helped. There are so many give-aways in the proposal it's like one of those old gift balls that you unwrap to reveal little treasures. The various ideas will be hashed out prior to voting but this is another very bad idea that needs careful observation.
The whole David Stockman idea of the rising tide lifting all boats is silly anyway. The tide lifts from below, not trickling down from above. Analysis of previous tax cuts for the wealthy reveal that the results are mixed at best and toxic at worst. Tyler Fisher has graphs and charts today that show the impact.
https://www.politico.com/interactives/2017/gop-tax-rate-cut-wealthy/
Trump was finally pressured enough to waive the Jones Act prohibiting delivery of goods to Puerto Rico. I have a hard time reading the news without getting nauseated by his comments. Hang in there girl! mary
ReplyDeleteI read five newspapers every day just to get some idea of what's going on since no single paper is going to give the full information. The daily experience is both eye-popping and disheartening.
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