GOP Tax Plan–2017

I listen to the lying toad Paul Ryan give his speech about the newest tax plan to get hammered through the House….his words made it seem like us poor working stiffs would be sitting pretty and that jobs would be thrown at us ad nauseum…..the problem is it is all typical GOP LIES……he had to make sure to state that there had not been a tax reform since 1986…..a typical talking point. (Yawn)

This vote in the House is the big win that Trump has been praying for…..plus it helps those like himself….filthy rich….

In a victory for President Trump, the House successfully passed its version of the Republican tax-cut plan Thursday, the Los Angeles Times reports. All Democrats and 13 Republicans voted against the bill, giving it a 227-205 win. “Passing this bill is the single biggest thing we can do to grow the economy, restore opportunity, and help these middle income families that are struggling,” House Speaker Paul Ryan says. The vote took place after Trump met with House Republicans, telling them, “I love you. Go vote.” The Washington Post explains the contents of the bill, which includes more than $1.4 trillion in tax cuts, reduces the corporate tax rate from 35% to 20%, reduces taxes for the rich, and ultimately raises taxes on middle-income earners. The bill also reduces the number of tax brackets from seven to four and gets rid of popular tax deductions, the New York Times reports.

The vote was held two weeks after the bill was introduced with little analysis or debate. Now Senate Republicans have to pass their own tax bill and work out the differences with the House bill. That will be easier said than done. Support for the Senate bill is wavering, especially after a nonpartisan committee found that it would end up increasing taxes for low-income Americans in 2021 and for everyone earning less than $75,000 a year in 2027. Not to mention it repeals part of ObamaCare. If the Senate manages to pass its bill and rectify it with the House version, it would give Trump the first major legislative achievement of his presidency. The White House has been pressuring Republicans to get tax cuts passed by Christmas.

The Congressional Republican tax plan is not a good deal for middle-class and working Americans. It fails to cover the full cost of the tax cuts for the wealthy and corporations, adding to the deficit and putting middle-class priorities such as Medicare, Medicaid, education, and infrastructure at risk. Many states would see tens of thousands of families with tax increases, while nearly three-quarters of U.S. states would see hundreds of thousands—and in a few cases well more than 1 million—families with tax increases under the plan. Here’s what you need to know:

Many Working and Middle-Class Americans Would See a Tax Increase Under the House GOP Tax Plan: A State-by-State Breakdown

The Senate Tax Bill Threatens Access to Health Care

Work Requirement Proposals Would Kick Struggling Workers When They’re Down

Repealing the Estate Tax Would Plunge Charitable Giving

Giving to the Rich

4 Ways Repealing the Estate Tax Would Expand the Racial Wealth Gap

Not in a Million Years: The House’s Proposed Windfall for Donors

House Republican Attempts to Repeal the Adoption Tax Credit Show Their Real Priorities in Tax Reform

As usual…the GOP builds lies to cover their help for the wealthy….and we simpletons buy their crap every time….and when it does not pan out for us we re-elect the same lying bastards to screw us all over again……no wonder we are about to elect a pedophile and do it with joy.

What a silly bunch we as a nation have become.

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5 thoughts on “GOP Tax Plan–2017

  1. Killing the estate tax helps farmers and small business owners so their children don’t have to sell the family farm or business to pay the taxes when they inherit. Why should an estate be taxed when it has been taxed already over the decades in its creation ? If the rich say 10% pay 73% of the taxes and 50% of population pays no income tax , if there is to be a tax break the people that get it are the ones that pay taxes. However, I do not buy into the trickle down lie than giving big corporations tax breaks will create jobs as they reinvest in the business. No, that just increases the profit margin as they will invest in non job creating things say gold or real estate for instance. Families at poverty level get $1,000 for each kid – child credit. Now they will get $1,600 that’s over a 60% increase. A simple or fair tax cut should go to elders who have had their income taxed for all those working decades. They should not have social security taxed.

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