Ivanka: Tax reform's the law of unintended consequences

Tuesday, 14 November 2017, 07:05:11 PM. The tax-reform packages being pushed in Congress would actually increase taxes for rich people in New Jersey, and that could have some repercussions for the working people in places like Bayville, where Ivanka Trump spoke yesterday
The sound system was playing rock music as the crowd waited for the appearance of Ivanka Trump at a firehouse in Bayville Monday morning. For a moment there I thought I was at a Donald Trump rally. I attended quite a few of them last year when Trump was making his presidential run. The Donald's a big Rolling Stones fan and at every rally I attended the candidate climaxed his speech to the tune of the Stones' "You Can't Always Get What You Want." (See video below.) It's a great song, but it sounded like a mixed message for the voters. However it would have made a perfect wrap-up to the appearance yesterday by the president's daughter as well as Treasury Secretary Steve Mnuchin and Tom MacArthur, the Republican who represents the district in Congress. The subject is the tax-reform package that the president wants to see on his desk in the next month or two. When it comes to tax reform, you really can't get what you want. The competing House and Senate bills are so complicated in so many ways that it takes days of study to pinpoint potential winners and losers. But let me focus on one historical instance of a tax-reform plan gone wrong. That was pointed out to me by my old high-school buddy Jim Byrnes, who was just re-elected to the township council of Berkeley Township, which includes Bayville as well as a chunk of oceanfront across the bay. It concerns big boats. Back in 1991, President George "Read My Lips; No New Taxes" Bush signed into law a bill meant to reduce the...Read more
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