Regular readers know I often post about taxes.
My community is a very good community. However it simply taxes far too much. Those with tax and spending authority are in denial and I truly believe simply don’t care. Their excuse is they have no other choice which I contend is bogus.
At the federal level thank God President Trump is actively pursuing tax reform. Speaker Paul Ryan says he wants reform approved by Thanksgiving.
On Monday President Trump’s eldest daughter joined U.S. Treasurer Jovita Carranza and former U.S. Rep. Nan Hayworth of New York for an hour-long, town hall-style meeting at a senior center outside Philadelphia.
Ivanka Trump called tax reform “critical.”
“There are many elements of this tax plan that I think are squarely targeted at creating jobs and growth in this country and offering relief to our middle-income families,” she told the audience. “This is about the recognition that, as a country, we have to have policies that mirror our values. We have to encourage the next generation to be competitive and compassionate. For me, I think this couples together our core values as a country.”
Expanding the child tax credit has been Ivanka Trump’s focus.
“Every parent has to manage the competing demands of raising a family and their passions,” she told the crowd. “I, too, had to manage that, but I am far more fortunate than most. I had help, and I recognized that I wouldn’t be able to do even a small fraction of what I was able to do professionally or as a parent … if I didn’t have access to the means to be able to put my children in a secure and safe and protected and nurturing environment.”
That brings us to another portion of the tax reform package that Stephen Moore writes about:
Should people like my father have to surrender up to 50 percent of their life savings to the government upon death? Do we want to live in a country where half a family business, farm or ranch gets handed over to the IRS when the owner dies?
Read his entire column here.