I talked to my CPA about taxes. He thinks they are too high. I agree with him. Lower taxes are good. But you can only lower taxes if you lower spending. I do not see any less spending in the budget. The 57% we spend on defense is even going up. If we are lowering taxes (revenues) and not spending, we are increasing the dreaded debt we blame Obama for.

I just don’t get it.

The Bush tax cuts put vast amounts of money into the pockets of the wealthy. The middle class got one-time checks for $200 or so. This drove up the national debt tremendously, and eventually the economy nearly collapsed.

Then Obama bailed out, and in the process added $10 trillion to the debt. Obama didn’t spend more money. Look at the budgets. The additional debt that occurred during the Obama years was to undo damage created during the Bush years.

Now Trump wants to cut taxes again. The budget office calculates that the Trump tax cuts will add $5 trillion to the debt.

Seriously?

We just blasted Obama for adding to the debt, and now we’re adding more to the debt? And that is called fiscally responsible?

I get a kick out of Trump popularizing the estate tax he wants to get rid of. He talks to audiences of his supporters and calls it the “death tax.” The estate tax is a 40% tax on estates after the first $5.5 million for individuals and $11 million for couples. I venture to say that there is not a single couple in those Trump rally crowds that has a net worth of more than $11 million for whom the abolishment of the estate tax would make any difference.

However, there are a lot of individuals in Trump’s cabinet who would benefit from it. And there is Trump himself.

He has convinced the American electorate that the abolishment of the “death tax” is a good thing for them.

A con man Trump is.