At some point, the government will need to pay its bills, through a combination of tax increases and spending cuts.Virtually any future deficit-reduction plan — except for a repeal of the Trump tax plan — would hurt most families more than his plan helps them.This chain of events has happened before.The Reagan and Bush tax cuts may have at first seemed to help the middle class and poor.But the deficits led to later cuts in education, medical research, transportation and anti-poverty programs that almost surely erased the benefits of a modest tax cut.Already, today’s congressional leaders are talking about sizable cuts to Medicare and Medicaid.Trump and his allies are feverishly trying to claim their plan really would benefit the middle class. Last week, a precursor bill barely passed the House, receiving 20 no votes from Republicans, many worried about the tax increases.Republican leaders certainly have a path to passing a tax bill, because nothing unites modern Republicans the way a tax cut does.But the opposition to the recent health care bills also started as an underdog and managed to prevail, by relentlessly talking about the bills’ effects.When enough Americans understood the truth, enough members of Congress felt pressure to vote no.The same could happen on taxes. It is starting to.Recent polls suggest the plan’s approval rating is only about 30 percent.To understand the Trump tax increases, you should first acknowledge the most admirable feature of his plan. It doesn’t aspire to be merely a tax cut. Trump’s plan would not actually cut taxes for many middle-class families. It would raise them.These families are in the minority, yes. But there are a lot of them.About 17 percent of households earning between $50,000 and $150,000 would see their taxes rise immediately, according to the only rigorous analysis so far, by the Tax Policy Center.Among households earning between $150,000 and $250,000, the share is about 35 percent.These numbers would grow over time, for reasons I’ll explain.Ultimately, the plan would be likely to hurt the finances of the vast majority of Americans.No wonder it is starting to look politically vulnerable. It aspires to be tax reform — both cuts and increases. Some deductions shrink, while rates fall, in the name of simplifying the tax code.But after this promising start, the plan commits its cardinal sin.It places the highest priority on huge tax cuts for the very wealthy.They get lower rates and get to keep cherished tax breaks, like the “carried interest” loophole.Herbert Hoover’s Republican Party wanted to put a chicken in every pot. Donald Trump’s wants to put a yacht at every private dock.Having lavished so much money on the wealthy, the tax package — or at least the vague framework that the administration has released — doesn’t have much remaining to spend on middle class and poor families.For them, the package is a mix of pluses and minuses. Their latest talking point is the notion that corporate tax cuts will create an indirect windfall for workers.Funny, though, how the wealthy get most of the direct benefits, while everyone else has to hope for indirect ones somehow to materialize.The main lesson of this year’s health care battle was the political power of facts.They don’t always win the day, but it’s better to have them as an ally than an enemy.Right now, facts are the biggest problem for Trump’s tax plan.David Leonhardt is New York Times columnist writing from a liberal progressive perspective. More from The Daily Gazette:EDITORIAL: Beware of voter intimidationEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristsFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Find a way to get family members into nursing homes Many face a lower tax rate, but some face a higher one, and many families lose deductions. The combination creates a lot of losers.Reduced deductions for children, for example, hurt large families, notes NYU’s Lily Batchelder.And the deduction for state and local taxes — also a target for cuts — now benefits 30 percent of households nationwide.It was the main reason for last week’s House defections, and the tensions over it haven’t been resolved.Then there are the long-term problems I mentioned earlier.First, Trump’s plan takes a skimpy approach to inflation adjustments, which will push many families into higher tax brackets over time.Second, the plan would radically increase the federal deficit, and when it comes to the deficit, what goes up must eventually come down. Categories: Editorial, OpinionThe old formula for passing a big tax cut for the rich was simple: Package it with a modest tax cut for the middle class — and talk endlessly about the middle-class part.President Donald Trump and Congress are following the formula in some ways.Their plan would deliver an average tax cut of $700,000 to the nation’s 175,000 richest families. That’s enough for each to buy a new 50-foot yacht, annually.Meanwhile, Trump and other Republican leaders keep repeating “middle class,” “middle class,” “middle class.”Yet there is also a major difference between the current plan and George W. Bush’s tax cut or Ronald Reagan’s.
LONDON & Continental Railways Ltd, the company charged with building the Channel Tunnel Rail Link, confirmed on July 9 that it had abandoned plans to operate overnight sleeper trains to Paris from Glasgow, Swansea and Plymouth. LCR Chief Executive Adam Mills promised that ’we will bring the regional Eurostar day services to Paris into operation as soon as the testing and commissioning programmes currently under way are completed’, but ’we have concluded that a night service from the regions is simply not viable.’While an LCR spokesman described overnight trains linking London to Amsterdam and Frankfurt as ’still under review’, three years after the Channel Tunnel opened there is still no firm date for the endlessly-delayed Eurostar services north of London. Day and night trains were promised by ministers seeking to refute claims that the Tunnel would benefit the prosperous Southeast at the expense of the regions. Subsequent investment in overnight and regional Eurostar services by taxpayers in France, Germany and the Netherlands as well as Britain has certainly exceeded £500m with not a penny in revenue to show for it so far, let alone operating profits.While the seven regional Eurostars could be used elsewhere, the 139 overnight cars ordered in July 1992 are being delivered for secure long term storage to the same military depot that was home to other new rolling stock which fell foul of Railtrack’s safety case regime. Extreme attitudes to safety and security are mainly to blame for this fiasco. With flexibility, surplus BR sleepers could have provided a start-up service to test the new market. Regional Eurostars are being kept out of service because of pantograph arcing which breaches new signal interference limits, though it is no worse than locomotives that have been running for decades without problems. And when they do finally run, LCR will be unable to sell empty seats to domestic travellers in case they leave a bomb on board. o
Bulldogs Dirt Road Basketball ResultsSunday (2-2)4th grade:Batesville 40, Connersville Red 30Batesville 34, East Central Red 5Batesville 24, Rushville 193rd grade:Batesville 26, Centerville 19.Batesville 68, Rushville 5Good luck to both teams next weekend I. Centerville at they battle for the Dirt Road Crown!!!! Go Bulldogs!Courtesy of Bulldogs Coach Paul Drake.
New York, New York – Reported by Elite Traveler, the private jet lifestyle magazineReaders of Condé Nast Traveler have again honored four Red Carnation Hotel Collection properties as “the world’s best places to stay.” The Milestone Hotel, 41, and Egerton House Hotel in London; and The Twelve Apostles Hotel and Spa in South Africa were all named on Condé Nast Traveler’s Gold List for 2012. This year, as a way to mark 25 years of Condé Nast Traveler, Condé Nast also celebrated the “superstars” of the Gold List in their Platinum Circle, which includes list members such as The Milestone that have made the Gold List every year for the past five years.In addition to being named a member of the Platinum Circle, The Milestone was distinguished as a property with the Best Hotel Amenities and received a special distinction as “The Best Sugar Rush.” According to Condé Nast Traveler, “Even the most dentist-averse won’t be able to resist the fleets of sweets heaped on guests at The Milestone Hotel in London: Housekeeping stops by twice a day, depositing different treats – butter fudge, toffee whirls, and Turkish delight.”In Condé Nast Traveler’s 2011 Readers’ Choice Awards, The Milestone Hotel, 41, and Egerton House Hotel all earned high ratings and spots among the Top 40 Hotels in the British Isles. Among the Top 20 Hotels in Africa, The Twelve Apostles Hotel and Spa in South Africa was ranked 4th with scores in the high 90s for rooms and service and a perfect 100 for activities.Red Carnation strives “to provide exceptional, memorable hospitality by meeting or exceeding guest expectations and creating an environment where guests, as well as employees, refer to the hotels as their “home away from home.” “No request is too large, no detail too small” is the ethos that inspires this luxury collection, clearly reflected in the stellar ratings their hotels continue to receive year after year.Situated in the heart of Kensington, the quiet and understated elegance of The Milestone is celebrated for its style, comfort, and exalted levels of personal service. Earning an impressive 97.6 for service, this five-star hotel opposite Kensington Palace and Gardens has 56 individually designed rooms and suites, and six two-bedroom apartments, lavishly decorated with the finest fabrics and furnishings. Boasting 24-hour butler service, restaurants’ offerings ranging from traditional afternoon tea to full course dinners, this exquisite hotel is a short stroll to the Royal Albert Hall, and in easy reach of Knightsbridge and the West End.An intimately elegant townhouse, The Egerton House Hotel in Knightsbridge is a shopper’s delight with Harrods and Harvey Nichols a short stroll away, and the West End theatres ten minutes from the hotel. This luxury five-star hotel boasts 28 individually designed rooms and suites, breakfast dining room, and a 24-hour menu to enjoy in room, lounge or bar. Renowned for its impeccable levels of service, charm and attention to detail, it is the perfect place to stay while enjoying the best of London.41 is a discreet, haven of style and comfort, residence only hotel overlooking The Royal Mews at Buckingham Palace. A chic black and white design scheme is complemented by the plentiful rich mahogany throughout the hotel, and the Executive Lounge where natural daylight floods in from the glass roof. This intimate club-like property offers the height of five-star luxury: 30 rooms and beautiful suites including two unique hospitality suites, butler service, 24-hour room service, the latest in-room technology, full concierge service, “plunder the pantry” whenever you wish, and an outstanding level of personal service.The Twelve Apostles Hotel and Spa is a peaceful sanctuary nestled at the edge of the world, with staggering views of the majestic Twelve Apostles mountain range and the Atlantic Ocean. This five-star Cape Town hotel is only 5 minutes from Camps Bay and 15 minutes from the City Centre and V&A Waterfront. Guests can experience the best of both worlds – vibrant Cape Town, and a haven of natural beauty. Facilities include 70 sea- and mountain-facing bedrooms and suites including the Presidential Suite; two pools; the award-winning Sanctuary Spa; Azure restaurant; Café Grill; Leopard Bar; and a 16-seater private cinema.www.redcarnation.com