Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688

Both houses of congress have now passed the 2017 Tax Cuts and Jobs Bill. After four hours and near blindness, I finished all one thousand plus pages. Every citizen should read this bill. In Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688.

Big Little Reforms

Especially relevant is the public relations effort by republicans to convince voters this is a ‘sweeping’ reform of the US tax Code. In fact it is an amendment to a budget bill that further amends the 1987 Tax Reform Act.

Everyone Loves Or Hates

Moreover, if you read the bill, you should almost have a copy of the 1986 Tax Reform Act handy. Both sides of the so called political divide are touting how great this legislation is, or how it will end the world as we know it.  I’ll give you some details in Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688.

Please Hold For Your Tax Attorney

Truth is if you are in business you’re still going to need an accountant and tax attorney advise you. Some businesses will see their taxes increase. Some individuals will see their taxes increase. Sure, the standard deduction has been doubled and tax rates reduced…but…

It Might Be Good…Then Again

There will be fewer deductions and thus fewer ways to legally reduce exposure to taxation. Depending on your specific situation you might see an increase or decrease in your overall tax. I explain some of this in Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688. In addition, listen to my tax reform podcast to understand the political game going on under the guise of fixing the tax code.

Never Underestimate The Power of Free Beer

There are scores of pages concerning craft beer, wine and spirits. Guess all those receptions with free hootch for members must have worked! Finally there are lots and lots of new rules regarding businesses of all kinds.

Beware of Congressmen Bearing Cool Sounding Jargon

When congressmen and senators go out among the people and talk about all they have accomplished, you’re going to hear the words ‘pass-through’ and ‘average american will save’ such and such a lot. What does it all mean? Find out in Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688.

More Government Control

In conclusion my final reaction is the sadness I feel that our federal government controls so much of what we do as citizens through the mechanism of taxation. Republicans who campaigned on a tax cut have certainly paid off on that promise, at least until 2025, but at what price. That is the 1.2 trillion dollar question. President Trump signed the bill into law Friday afternoon.

Sponsored by Ryan Plumbing and Heating of Saint Paul and Reliafund Payment Processors

Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688

Podcast 465

A Jeb Bush Event. Live from Sumter, South Carolina The Bob Davis Podcasts joins the Bush campaign for a Jeb Bush Event featuring Senator Lindsay Graham and Governor Bush. Originally planned for a local diner, the campaign had to move the event to the University of South Carolina, which was a shame since the potato soup at Baker’s Sweets in Sumter is amazing. Another feature of this podcast is to set the record straight regarding Jason Lewis’ appearance in Bob Davis Podcast 404, in which he stated he generally supported the President’s Iran deal with caveats. Lewis’ campaign for Congress in Minnesota’s Second District is apparently scaring his opponents so much, they’re excerpting liner notes about his foreign policy views, rather than actually listening to what he said in the podcast. There will be a new editorial note on podcast 404 which everyone can read, clarifying what Jason said. What is amazing about the current controversy surrounding Jason’s view that the country cannot have limited government at home and big government abroad is that when you’re on the campaign trail you hear republican candidates walking right up to the line advocating another war, and apparently Republicans love it. Maybe the 2nd District’s Republican candidate for congress is correct to question this impulse among all the GOP candidates? (You’ll hear it in this podcast too.) How can talk show hosts and commentators compare the current crop of bellicose campaigners with Ronald Reagan who negotiated, and kept the United States out of major military commitments and war for 8 years. Thus, a local congressional district issue dovetails beautifully with what a candidate says on the hustings in South Carolina. In any case, the Reagan era is over and is not coming back. The challenges of our current time are multi-polar, not bi-polar. Even the economic challenges are different. All these challenges will require new and different solutions that can only come from people who are able to consider opinions that might be unorthodox. Also in this podcast, a flavor of night life in Charleston, and some good bluegrass music. Sponsored by Ryan Plumbing and Heating of Saint Paul and Hydrus.