The Tax Reform Is Guaranteed to Fail

Here's why I think tax reform/tax cuts will not really work without spending cuts:

Spending right now is not capped. It's growing. So if spending keeps growing, you can't really cut taxes and not go further into debt. Now, let's suppose that you have very low interest and for a while it won't matter. What this means, however, is that people will come up with new programs because they will feel liberated by tax cuts IN ADDITION to the already uncapped spending. Some of these programs will inevitably require the raising of taxes to pay for them. And so this will never end, UNLESS:

1. You cut entitlement programs - severely

2. You cut the pork from defense budget - and there's a lot of garbage to cut without going into anything that would actually harm our military capabilities

3. You cap spending.

Unless you do all of these things at least to some degree, no tax cut in the world is going to work, or at least won't work in the long run. It may still provide a temporary relief and help individuals on some level. But eventually, the taxes will inevitably be raised.

Obsession

You know you have a problem when you start listening to tax speeches for fun.

Refreshing Moment of Honesty from a Politician

Senator Ted Cruz in the Fox Business segment on tax reform acknowledged something no one wants to discuss out loud:
Congress just isn't going to cut enough to make a dent in the debt, not with Democrats, not with Republicans. Entitlement monstrosities are not going anywhere.

Football v. Taxes

What we are still discussing five days later: football kneelers What we are not discussing: the new White House tax proposal (well, except Ted Cruz, who went on an epic tweetstorm). What has bearing on our daily lives and everything we do: taxes What has no bearing at all: football, and whether football players, stand, sit, kneel, do cartwheels, or float on air.