The Big Whoop Tax Plan: a little whoop

There have been alleged tax plans and rumors of tax plans running rampant for weeks. Today there is a big whoop about the official tax plan however, it is worthy of a little whoop since there is still more to this marathon than shooting out of the starting blocks. There seems to be a severe overselling of the plan and I am hoping there will be enough support for it to keep a continued momentum to stomp excessive taxation and spending into the ground. 

Begin here with Senator Mike Lee’s joint statement with Senator Marco Rubio: 

Nov 02 2017

WASHINGTON – Sens. Mike Lee (R-UT) and Marco Rubio (R-FL) issued the following statement Thursday in response to the Tax Cuts and Jobs Act released by House Ways and Means Chairman Kevin Brady (R-TX):

“We appreciate the hard work and countless hours our colleagues in the House have put into crafting this legislation. As we’ve long said, tax reform should be about making the code more pro-growth and pro-family. The House bill is an important step in the process.”

“The best way to provide real relief to working families is through a straightforward, significant, and permanent expansion of the child tax credit. We wish the House draft had done more on this front – preferably doubling the credit to $2,000 per child and expanding its applicability to payroll taxes. We look forward to working with our colleagues to make sure working families are moved to the front of the line in the Senate bill.”

The Daily Signal has a piece: House GOP Unveils Details of Tax Reform Bill.
Heritage Action put out a press release: HOUSE REPUBLICANS UNVEIL TAX REFORM PLAN.
The plan still has a long way to go. It will be interesting to see how things go, what pork will be added in, what good things will be reduced or taken out, as the senate enters the arena. 
We shall see what happens next. It could be weakened further or, if heartedly debated, there may be a few grander concessions take place with pressure from the voters to their  representatives. 
Honestly, IF all in D.C. had to abide by the same rules as the common man, there would be significantly greater changes to the tax code from the get go.  
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