As I read about the tax bill today, I was reminded of my first car purchase. This car had heated seats, a/c and power windows! What a great car! When I went for a test drive, the owner cautioned me that he had several interested buyers and I should act fast so that I could avoid the disappointment of the car being sold to another individual. So, I acted quickly, hurrying to purchase this awesome car. I was elated! I later realized the broken switch to my heated seat. Then I discovered that there was a leak in the a/c and two of those power window switches were broken too. I was heartbroken. I had been duped, and if I had done more due diligence, I would have seen all the car's faults. But I acted rashly and I paid the price.
The current tax bill is a lot like my first car – it's severely flawed. It provides tax cuts, but only temporary tax cuts to the middle class, while tax cuts to corporations and wealthy Americans are permanent. It contains a deduction for state and local taxes (the "SALT" deduction), but it limits the dollar amount of the deduction, so many residents in New York will not get the full benefit of the deduction.
My one question to congressional leaders is: Why the urgency to rush through voting on this tax bill? Where is the normal legislative process that allows the bill to be debated in Congress? Is the desire for a legislative "win" more important than passing a fiscally responsible tax bill? There's a good reason this bill has been rushed through Congress; if we had been given time to read it, Americans would realize how flawed and fiscally irresponsible this bill truly is.
Rebecca Christner, Saratoga Springs