So, finally Congress gets to work and agrees on a massive tax reform bill right before the end of the year. Predictably former Speaker of the House Nancy Pelosi (gosh, I really like to use the word former when describing her) and the other Congressional Democrats think that financial Armageddon is upon us.

So, finally Congress gets to work and agrees on a massive tax reform bill right before the end of the year.  Predictably former Speaker of the House Nancy Pelosi (gosh, I really like to use the word former when describing her) and the other Congressional Democrats think that financial Armageddon is upon us.
I guess that they don’t consider the massive exponential increase in the national debt that has happened in the previous eight years is a bad thing.  But now that Congress and the President wants to cut taxes there is much gnashing of teeth and wringing of hands as to how we are going to afford it.
It gets a little old (no scratch that – it gets a lot old) to have so many fiscal liberals to want to cling so hard onto our dollars.  They seem to have forgotten that they serve us rather than the other way around.  
I wonder if former Speaker Pelosi read this bill before she expressed such opposition to what it does.  She was quick to say that they needed to pass Obamacare so they could find out what was in it so wouldn’t she want to pass this to find out what was really in it?  Seems like a fair question doesn’t it?  
Let’s put her indignation for the assault on the middle class in perspective.  According to one source that I found, Ms. Pelosi and her husband are worth right at $200 million.  Her district is basically the city of San Francisco and the median annual income is just a shy under $50,000.  So she is worth 4000 times of the median income of her district.  
So, I really wonder just how much she understands the true struggle of middle class Americans.  Of course, she can afford to be concerned as she fights to keep more and more of our dollars to spend on government largesse.  I guess that is better than letting us spend it on ourselves.  You know that we just can’t be trusted to spend our own money (or at least in the mind of many fiscal liberals).
And the national media has pounced on this tax bill like a hungry dog on a ham bone.  They have painted it as a tax cut for the wealthy and those nasty corporations that don’t care about anything but profits.  I hope that they do realize that corporations have to care about making a profit or they don’t stay in business and employ people.
I’m not going to defend the obscene amounts of money that some corporate leaders make as opposed to those that help keep the doors open.  But, at the end of the day, if the company makes money then our economy works and that helps everyone.  So, why wouldn’t we want to lower corporate taxes to roughly the same level as other industrial countries instead of taxing them into the ground?

Don’t come back with the old argument that a lot of corporations don’t pay taxes because I’m not going to buy that.  I can come right back with the argument as to why many people get tax credits that amount to more in return than they ever paid in.  The tax codes are not fair and I really wish Congress would actually reform the whole darn thing rather than bits and pieces.  But, that isn’t going to happen.

So, why I’m on the diatribe I will vent on the practice of subsidizing the taxing policies of other governmental entities.  One of the knocks on the tax bill is that it limits the amount of local and state taxes you can deduct to “only” $10,000 per year.  By a show of hands (not that I can see them), how many of you pay anywhere close to that in property taxes?  Not many of us.

For years the rest of us have subsidized people in California, New York and other high taxing states so they can get a deduction on their taxes for living in these areas.  So, in essence we are paying for the fact that many parts of the country like to tax the hell out of their citizens and in effect are taxing us as well.  Don’t think I ever agreed to that concept.

Nope, I don’t know what is in the new tax reform bill.  I’m sure that Ms. Pelosi knows more about it than I do but I am also pretty sure that she doesn’t understand everything that is in it.  So Nancy, why didn’t you take your own advice and vote to pass it so you could understand it better?

Who knows, the bill might just help some of those hard working taxpayers in your district that can’t even afford to live where they work because of high taxes and  an out of control cost of living in the city on the bay.   

Kevin Wilson writes a column for the Neosho Daily News.