Even though he can’t manage to get the vital equipment needed to help doctors and nurses who are caring for those with coronavirus — i.e. ventilators, gloves, gowns, and masks — Donald Trump has a brilliant solution to the crisis facing our country as we steel ourselves for losing as many as 240,000 of our fellow Americans.
Trump wants to cut taxes AGAIN!
Yes, you read that right: The solution to the medical and economic problems which have befallen the United States since COVID-19 arrived on our shores are best solved with a yet another tax, Trump is telling us..
Take a look at what Trump posted on Twitter earlier this afternoon:
Congress must pass the old, and very strongly proven, deductibility by businesses on restaurants and entertainment. This will bring restaurants, and everything related, back – and stronger than ever. Move quickly, they will all be saved!
— Donald J. Trump (@realDonaldTrump) April 1, 2020
Before we debate the wisdom of the president’s proposal, let’s review for a moment the massive debt that has been piled on future generations already by Donald Trump:
- The 2017 Tax Cuts and Jobs Act rang in at $1.5 trillion which has not yet been paid for
- The recent coronavirus stimulus package had a price tag of approximately $2.2 trillion, also not paid for
There’s also discussion of yet another stimulus bill that would supposedly create jobs by building infrastructure and cost $2 trillion or more.
Remember when Republicans used to care about deficits? Apparently that was only when President Obama was in office.
So while we’re at it, let’s also give tax deductions to businesses as they spend lavishly on fancy meals and entertainment. The rich get richer and the rest of us are stuck barely scraping by.
This isn’t to suggest that we don’t need to find a way to help the many restaurants which are currently taking a major financial hit as a result of the coronavirus pandemic. But if we want to help such establishments, why not cut their tax rates to zero for a year or two and give them time to become prosperous again? Why should we give the break to the wealthiest taxpayers who itemize their deductions and have tax attorneys and CPAs to guarantee they get every possible advantage?
As usual, Donald Trump can only see things from the viewpoint of the top 1 percent of the populace, the very people who have been living high on the hog for decades. Maybe it’s time we stuck them with the bills and let the rest of us have some relief.