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Paul Ryan Is No Ronald Reagan

Charles Krauthammer […] writes that the “most scurrilous” criticism of House Budget Committee Chairman Paul Ryan’s fiscal plan is that it would cut taxes for the rich. This would, he says, be akin to making the same claim against the Ronald Reagan-Bill Bradley 1986 tax reform. Krauthammer goes on to assert that Ryan’s plan is “classic tax reform” that … broadens the base by eliminating loopholes. The facts are otherwise. The Ryan plan, at least what we know of it, would inarguably cut taxes for the rich. It in no way resembles the 1980s tax reforms of either President Reagan or Senator Bill Bradley and Representative Dick Gephardt. And it most assuredly fails to eliminate loopholes. [TaxVox, WaPo]

One thought on “Upload All Your Tax Information to Grok, What Could Go Wrong?”

  1. What a Crock to have Grok! If you have W-2 and one 1099-INT – great, but let’s see it figure out accrued tax exempt bond interest for a nonresident state which is not on the 1099; decide what is allowable for an expense on Schedule C and categorize it. Let’s see it correctly prepare a reverse Starker transaction. Puh-leese…. CPAs will not be replaced any time soon. Simple returns – sure – try it, but I certainly will not rely on Grok’s knowledge of IRS Tax code, regulations, Rev. Procs. and Rev. Rulings. Unfortunately, naive people will rely heavily on these and other AI iterations and pay money for no good reason.

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