Many conservatives view President Trump’s revision of the tax code making its way through Congress as a big win on the way to making America great again and a much needed correction that will bring American companies and their money back to the United States and eventually result in higher wages and lower taxes for working class people.
But a group of protestors gathered at the east end of Susanville Saturday, Dec. 2 and disagreed, claiming the bill will only help the rich and working class people will see little or no benefit.
Phil Finkle, one of the protestors expressed his opinion about the tax reform bill.
“Personally, the idea of making corporate tax cuts permanent and allowing tax cuts for the working class and the poor to expire in 2025 just sends a bad message,” Finkle said. “They’re just looking to pay back their corporate donors … I understand we’re not that competitive with our corporate tax, but bringing it down to 20 percent will make it lower than the world average … I do understand the need to cut corporate taxes. That’s kind of a no-brainer, but (with all the deductions and loopholes) how many corporations pay 35 percent?”
Finkle said to him one of the biggest ironies of Trump’s plan is that the Republican Party claims to be fiscally conservative, but this proposal they just approved will add at least $1 trillion to the national debt over the next 10 years.
According to Finkle, the Republicans are doing the easy stuff — cutting taxes — but they’re not doing the hard stuff — reducing spending.
“What’s going to happen to Medicare when all these deficits come in?” Finkle asked. “They’re going to look at cutting Medicare and MediCal, programs that are important to the middle class. That’s what kind of sticks in my craw.”