The Democrat Party and its voter base freaking out over the recently passed GOP tax plan is perplexing.Not just long ago (2010) President Obama commissioned a panel to look at the federal government deficit and debt, while enacting possible tax reform. The commission was called, National Commission on Fiscal Responsibility and Reform. Or sometimes called Simpson-Bowles, Read the link provided because it was a detailed plan which of course got scrapped so President Obama could spend viciously while running up our national debt.
Here is a sample of the corporate tax CUT the Democrats were looking at with no emotional meltdowns from the media or the party voters:
5. Eliminate $1.1 trillion in tax loopholes, thus increasing government revenue to 21 percent of GDP while lowering tax rates: Lower the income tax rates to 12 percent, 22 percent and 28 percent, and lower the corporate tax rate to 28 percent.
Information via TheBalance.com