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The Insanity that is "GOP Style Tax Reform"

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View Ratings | Rate It Headlined to H3 4/26/17

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China announced targeted reductions in VAT rates for select products, increased tax breaks to small and medium-sized businesses with annual income of 500,000 yuan, incentives to boost tech and R&D, and deductions of 2,400 yuan from taxable income for citizens purchasing their own health insurance.

This targeted approach to tax cuts is in stark contrast to the same old “GOP Style Tax Reform” currently being proposed by our Congressional leadership.

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 “GOP Style Tax Reform” is top-down, based on the ideology of trickle-down economics, with the lion share of tax cuts going to corporation across-the-board and the top percenters; with no attempt to incentivize, on a targeted bases, those industries with highest job creating multiples, like manufacturing.

Insanity: doing the same thing over and over again and expecting different results. – Albert Einstein
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A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held (more...)

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