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Message: <blockquote data-quote="Marbleyes" data-source="post: 196782" data-attributes="member: 675">Disclaimer: I’m no tax or economic expert and don’t claim to be. This is my opinion and if you are a huge fan of this bill, don’t read this post because it will probably piss you off. I have no clue if I will be better off or not in the short term but I would imagine being that I’m younger, in the long run I will be worse off as I would imagine every other younger person would be too. Someone has to pay back this already insane existing deficit and this is projected to add over another trillion to it. Where do you guys think this money is going to come from? The poor? The rich (yeah right)? Nope, it will be the biggest tax pool, which is the middle class. With baby boomers retiring in record numbers soon our gov’t will need more revenue, not less. Don’t forget that right at the start of this tax reform process the republicans were looking at going after 401k’s to possibly help keep this bill under 1.5 trillion in added deficit. I have no reason to think our government won’t come after whatever money they can get their hands on to pay for dumb shit. Sorry but I don’t buy that this is going to somehow create a huge growth in our economy. Hell, even ceo’s aren’t trying to hide the fact that most of them aren’t going to be investing in hiring new workers or wage increases for current workers. They are flat out saying (and have already started) that they will do stock buy backs and stash the money. I don’t think they are lying. The timing also doesn’t make sense with unemployment just over 4% and record profits already being made with the existing tax code, it just doesn’t make sense to me but then again I’m wired to think more about long term consequences than short term gains. Maybe that’s why I have no debt and I expect my government to operate the same way I operate my household, don’t spend more than you bring in and they should plan farther out than their next election cycle. You know it’s a good bill when you’ve got the head guy writing it (Kevin Brady) saying there will need to be other bills passed to fix this bill. The bill hasn’t even passed yet and he already said that. WTF is wrong with our congress and where the F did all the fiscal conservatives go? Also, anyone want to bet your taxes won’t be done on a “postcard sized” form? I’m not sure if some of you are aware that Kansas tried something similar to this bill as far as lowering taxes on businesses and individuals and claimed that their state economy would boom because of it. Well, it didn’t go well and ended up being repealed by an over 2/3 majority (mostly republicans that passed the thing in the first place) so they could override the governors veto. Let that sink in for a minute, the very republicans who agreed with their republican governor that it would make their states economy boom, voted to get rid of it with enough of a majority to override their own governor because it did not work and they created a huge hole to dig out of.  This is my opinion and I just had to rant. I guess we will find out one way or another and I hope to hell I’m wrong but I just don’t trust our government (R’s or D’s) because honestly they have given me no reason to.</blockquote>

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