How about President Trump's "Tax Reform" proposal? What will happen to government revenue and to Social Security?

When two of his main advisers came from Goldman Sachs who do you think the tax reform will favor?

PS Any business paying the nominal rate is stupid for not hiring an good accountant/tax attorney. The effective rate is much lower for most businesses. Sometimes zero.

I hope both go bankrupt. People get what they vote for.

Based on the actual figures, and not counting income twice as Trump has done, the federal deficit will double approximately if all of his proposals are put into force. Social Security is funded by a separate tax and, in theory, would not be affected by Trump's gift of money to himself and others of the ultra rich however the Houses need to return the $3 Trillion dollars borrowed from it. If managed correctly Social Security is self sustainable without any significant adjustments for another 30 or more years however some changes, made now, will see it last at least another 50. However if Trump, with his business acumen, gets involved we will be lucky if it lasts out his first term.

The US has about the highest Capital Gains tax rate in the world. If we reduce that tax to the average, there will be incredible new employment and prosperity. The tax is not "lost" because corporations don't pay taxes. If a corporation has a higher profit, then the stockholders pay more taxes at their higher individual tax rate. At least half the people in the country is stockholders.

They need to cut spending first

it will dismantle our country and cripple uss for the next 100 years

govt doesnt 'collect' revenue from taxes .. the irs collects it for the bank .. the govt 'borrows' money from the bank and the bank can simply print up however much they need based loosely on how much tax they collect on the previous debt ... thats it in a nutshell .. the money isnt running out lol .. taxes are a scam ..

Trickle down doesn't work. History has shown that. Government revenues will decrease, the richest Americans will get richer, no jobs will be created, and SS will die out.

We don't know yet. So far it's a typical Trump proposal: "I don't like bad things, I like good things, this is a good thing, you like good things!" with very few details. Even WH officials said the purpose was to "frame the debate", not provide specifics.

We'll have to see what happens when things are a little more fleshed out.

Government revenue will go up because the economy will be booming. Most liberals think the opposite which is false.