About Tax Cuts & cover for IT'S A NEW DAY!

Another Two Cents Worth

Friday, December 22, 2017


Friday, December 22, 2017
About Tax Cuts & cover for IT'S A NEW DAY!
12/22/2017
 
Hello, Everyone!
 
It is perhaps not as Christmassy as I would like, but I am going to share a letter to the editor I submitted to the local Laramie Boomerang yesterday.  It's my opinion about the tax cuts our Congress just passed.  I realize there are lots of opinions about taxes and tax cuts and all of that; but for what it's worth - probably about that proverbial two cents worth if that - here is my almost two cents worth on the issue.  OK?
 
All is well here.  Nancy and I are ready for Christmas.  How about you?  I am rather busy working with my online publisher, Create Space, on my next and 7th book - IT'S A NEW DAY!  Create Space is now working on formatting my manuscript to fit their publishing guidelines - and just yesterday, I picked a cover for the book from thousands of photos I was able to review.  Lots of photos could have done very well, but there was one that I really liked - and, of course, that is the one I chose. 
 
The photo I chose is of a young family of three - a young couple and their child - probably under the age of 10 and maybe even much younger.  This young family is walking on a beach.  The lady is dressed in a flowing white dress and the guy is also dressed in white.  The color suggests purity to me; and that is why I am choosing this particular picture for the cover of my book.  Their young child is resting on the shoulders of Dad - as they walk along.
 
That's just to say, we are making progress.  Perhaps in early 2018, I will share the cover I am choosing for IT'S A NEW DAY!  Hope you are doing well with some adventure or project of your own.  Have a Wonderful Christmas! - and get ready for a Terrific 2018! - whatever and however it turns out to be.
 
I will leave you with my ALMOST two cents worth on that tax cut legislation Congress just passed.  Respond as you wish.  OK?
 
Thanks!
 
Gently,
 
Francis William Bessler
& Nancy Shaw
Laramie, Wyoming
www.una-bella-vita.com
 
----- Original Message -----
From: Will (Frank) Bessler
To: Laramie Boomerang Editorials
Cc: Francis W. Bessler
Sent: Thursday, December 21, 2017 04:19 PM
Subject: Letter to the Editor: TIME WILL TELL

12/21/2017
 
Hello, Laramie Boomerang!
 
Please feature the following in your Letters to the Editor when you can.
 
Thanks!
 
Francis William Bessler
4500 Meadowlark Lane
Laramie, Wyoming  82070
307-742-7428
willieb@wyoming.com   
 
Subject: TIME WILL TELL!   
 
 

The tax cuts our Congress just approved sure sound good; but I do have my doubts about them because it assumes that tax cuts will result in an increase of federal income.  The reasoning there is that if we cut our taxes on the many, we will spend more on goods and services; and that will increase jobs and wages - thus resulting in more federal income in the long run to erase our already huge deficit.

 

Supposedly, if corporations which have outsourced jobs in manufacturing to other countries are taxed less, they will be motivated to bring back those outsourced jobs; but I suspect that will not likely happen because countries which have invited corporations in because the cost of manufacturing is less in those countries will simply adjust and do what they have to do to keep manufacturing in their countries.  The result will be that American corporations who are expected to bring back jobs will not do so - while simply pocketing the huge windfalls their tax cuts allow them.  In the end, the increase in the deficit that tax cuts will produce will not be erased; and that will simply result in a much higher deficit than existed prior to the tax cuts.

 

But I must admit that I am not sure that will be the result.  I know our Senators, Enzi and Barrasso, expect that their tax cuts will not result in enlarging the deficit.  I am not sure; and I suspect that if they were honest, Senators Enzi & Barrasso and fellow thinkalikes are far less confident their plan will work than what they project.  More than likely they already have Plan B in mind if they are wrong - simply cut spending - even if it means hurting the many who depend on that spending.  And who knows, it might be the entire gist of the general plan in the first place - cut taxes to cut federal income in order to precipitate a need to cut federal spending on "entitlement" programs like Medicare, Medicaid, and Social Security.  Perhaps, Huh?

 

What do you think?