The richest Americans are getting a 17% tax cut, is this good for America?

No, no, no. You darn hippie redneck libs just don't get it. Just look at that. You're obviously confused, so I'll explain AGAIN. The Bush tax cuts for the Good Americans Who Really Participate In The American Dream And Are Not Freeloaders Looking For A Handout have been in place for quite a while. So cutting them would be a tax INCREASE. Simple enough for even non-Yale grads like yourself to understand. Unless you believe in Time Travel, this should be obvious logic.

This could be good the real question I have is what loopholes are being eliminated?

As GE shows the official tax rate is unimportant when the tax code has more wholes than a shiv. A far better way to increase our tax revenue would be to stop devaluing the dollar and try to determine a way to go on the gold standard so that foreigners would look at the current shape of our economy and determine it is time to invest in the US since everything is on sale.

edit- GE paid zero taxes cut out loopholes and lowering the rates would end up raising the taxes of folks who manage to pull of GE accounting while lowering the rates of small businessmen who don't have the cash to pay merlin's magical accounting firm- where they make all your taxes disapear.

you have basically area of the story. If i became prosperous and wanted to make a brilliant product. i could hire somebody to construct and bring the product. regardless of if i could like a return on my investment. If i mandatory to contain stockholders to tug it off, i'd desire to guard their investment. regardless of if if the government de-sided they mandatory a number of my money to spend on their want record, it could make it perplexing to make a income. If a union is formed against me and the wages pass up, i will no longer make a income. Or like the previous few years the Min, salary has long gone up three times, I lower back would desire to no longer be waiting to make a income What am i able to do, pay the wages and stop any investment, improve, or new product progression that would desire to create jobs, save my income this way makes it appear like i'm basically getting richer. Or i will pass my manufacturing distant places the place interest improve can ensue without destroying my income. I income a extreme salary 0.33 worldwide workers, who nonetheless works at a fragment of the U. S. worker. so which you will desire to declare the middle classification isn't starting to be is a lie, it quite is rapidly increasing. it quite is basically shifting places. even in the journey that your question is in line with OUR center classification. the authentic question is-- what's our government doing to sidestep, or what can it do to motivate the prosperous off their nest eggs to help the middle classification. the prosperous do no longer want the middle classification, What the prosperous want is a objective, a desire to produce and manufacture some thing, and the concept they are able to do it with a income, because of the fact and not using a income it quite is basically a interest, and a interest could make you broke. So what does our government would desire to furnish while all it has is rules and taxes. Why it did no longer artwork during the Bush years NAFA opened the go out doorways and the three min salary will improve confirmed that the fee of doing organisation became going to be stripping out the income interior of our borders. So organisation began to make the strikes back them. Why is it getting worse now, the present government is doing each and everything for the little guy, without thinking of ways or who's to pay for it. and the prosperous recognize to hire means to saddle themselves with the unknown.

Clearly not. Did not work before, why should it suddenly hep the economy now?

If it was true Yes it would be good for america.

No they're not. What you have posted is untrue.