Senator Klobuchar says that they are trying to work with the GOP on a budget, and they are "unwilling to stand up to Trump" to keep the government moving.
The GOP can pass a budget through reconciliation that guts a lot of the stupid spending. But, I don't think that they will.
I think it will be very important to pass tax cuts that are as targeted as Klobuchar wants. Focus tax cuts on people "making less than $400k a year".
I know Trump wants to lower the capital gains tax rate, but maybe that needs to wait until after mid-terms. Maybe put in a significant deduction for capital gains tax of $250k per year. This would allow early investors of Crypto start to cash out tax free, and help people that have a home they want to sell to move.
If Trump can get the economy back on track and shrink the budget deficit by A LOT, then MAGA will kill it in the mid terms, and he can use the latter part of his presidency to pass the larger tax cuts. I would rather Trump use the political capital right now to gut spending, not on tax cuts. If he guts spending, and we have a plan to get to a balanced budget by 2032, and we stick to that plan, MAGA will continue to have lots of power.
The GOP can pass a budget through reconciliation that guts a lot of the stupid spending. But, I don't think that they will.
I think it will be very important to pass tax cuts that are as targeted as Klobuchar wants. Focus tax cuts on people "making less than $400k a year".
I know Trump wants to lower the capital gains tax rate, but maybe that needs to wait until after mid-terms. Maybe put in a significant deduction for capital gains tax of $250k per year. This would allow early investors of Crypto start to cash out tax free, and help people that have a home they want to sell to move.
If Trump can get the economy back on track and shrink the budget deficit by A LOT, then MAGA will kill it in the mid terms, and he can use the latter part of his presidency to pass the larger tax cuts. I would rather Trump use the political capital right now to gut spending, not on tax cuts. If he guts spending, and we have a plan to get to a balanced budget by 2032, and we stick to that plan, MAGA will continue to have lots of power.