Denis Grossen
Sartell
Learning what is in the OBBBA is the responsibility of every U.S. citizen and the reality is very different from your biased opinion. It maintains lower tax rates for all (20 percent lower for most households, 6.5 percent lower for the wealthiest). It increases the standard deduction and indexes it to inflation. It almost eliminates federal taxes on social security benefits. It eliminates the personal exemption, temporarily increases the SALT deduction, limits mortgage interests deduction, limits various itemized deductions, temporarily eliminates tax on tips and overtime pay, makes permanent changes to the Alternative Minimum Tax and increases the child tax credit.
Sounds like a very beneficial bill. The only point that could make progressists whine is the phasing out of ridiculous subsidies for clean energy. I will not detail changes to taxes affecting businesses but simply stress those changes will promote investments, real-wage and employment growth. What is amusing is the outrage of the left about the Trump administration policies that replicate the ones enacted by the Clinton administration: 12.3 million illegal aliens deported, 377,000 government jobs eliminated, tax cuts under the Tax Relief Act of 1997 and work requirements for welfare recipients under the Personal Responsibility and Work Opportunity Act of 1996. What’s remaining is balancing the federal budget (Speaker Gingrich did it from 1998 to 2001).
June 2025 shows that we are on the right path with taxes and tariffs collected exceeding government expenses.