Letter from Gerry Welch

Tax Cuts Are Not Going to Cut It

Speaker of the House Mike Johnson, after receiving the nod, declared that Trump tax cuts will remain in place. President Trump, when proposing those tax cuts, declared these tax cuts will reduce the deficit because of the increase in business income. That reduction of the deficit never materialized! Uncle Sam legitimately has the right through approved taxes to reach into our front pockets and take taxes. The problem arises when, in addition, they continue to reach into our back pockets by initiating deficit spending. The USA owes trillions of dollars to foreign governments. This can only be brought under control by reducing spending and buying back our debt, not by inflation.

Gerry Welch
Cooperstown