Wednesday, July 23, 2025

Hard sell

The big beautiful tax bill renewed the Trump tax bill of 2017. A family of four earning $80,000 in 2016 paid $4,752 in federal income tax. After the tax reduction bill the same family paid $2,229 for a savings of $2,523 per year. The savings for wealthy families was more as it is the case when you have a progressive tax system. If this bill had not passed this tax savings would have disappeared as everything would have reverted back to pre-2017 times. This bill is unpopular and the job of the republicans was to go back home and sell the bill. This will be tough because the town hall questions will be about Epstein and the Obama interference in the 2016 election. On the other side the democrats instead of talking to their constituents about their plans to improve the economy by redistribution they will be getting questions about how they plan to go after Trump. Even if they could get past their Trump bashing, they would still be bogged down by woke stuff. The republicans have the easiest task. They could just release all the info on Epstein and forget about the 2016 election. The democrats have a harder sell since they have too many people who are tangled up in unpopular cultural issues. They have to go back to their basics of taxing the rich and offering benefits to the non-rich.

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