The swamp monsters have given us some idea of how much “extra” we can expect back from their grand
theft budget/tax scheme.
In return for these generous terms, and for giving the mega-wealthy tax breaks of between $150,000-$800,000, we agree to allow the GOP to decimate our social and medical safety net.
Um… wait a minute, NO and NO!
Minimal Script: I’m calling from [zip code] to ask Sen.[___] to vigorously oppose the deep federal spending cuts in the 2018 Budget Resolution which are taken from Medicare and Medicaid.
More Script if you want it: Low-income and elderly Americans should not have to give up their access to health care in order to fund tax breaks for the wealthy.
Senator Feinstein: DC (202) 224-3841, LA (310) 914-7300, SF (415) 393-0707, SD (619) 231-9712, Fresno (559) 485-7430
Senator Harris: DC (202) 224-3553, LA (213) 894-5000, SAC (916) 448-2787, Fresno (559) 497-5109, SF (415) 355-9041, SD (619) 239-3884
Other Senator Contacts: http://www.phoneyourrep.com
“(wapo)...when Gallup asked Americans in April about the taxes they pay, a majority — 61 percent — said they felt the income tax they paid this year was fair. A Pew study found that only 26 percent of Americans felt they paid too much in taxes, in contrast to the 60 percent who felt corporations and the wealthy paid too little. A poll by Bloomberg found that taxes were well down on the list of Americans’ public policy priorities, with only 4 percent claiming it was their top concern.
Obviously, there’s nobody who wouldn’t enjoy the extra spending or saving that a tax cut would bring, but as the researchers at Pew found in April, what Americans would like even better is for government to spend more to educate their children, rebuild infrastructure, and provide health care and an income safety net for the elderly, veterans and the deserving poor. Despite years of politicians railing against “big government,” Pew found that as many Americans today wanted government to be bigger as to be smaller.
Estimated tax cuts for the middle class:
“… a married couple with one child making $48,000 a year would get a tax cut of $180.”
“(Mnuchin) estimated that median-income households (those earning $55,000) would get a tax cut of between $650 – $1,000.”
“As an example, Cohn said a family of four with an income of $100,000 a year would see an annual tax savings of about $1,000.”
“If we allow a family to keep another thousand dollars of their income, what does that mean? They can renovate their kitchen, they can buy a new car, they can take their family on vacation, they can increase their lifestyle,” he said. “That’s what our tax plan has to do.”
However it is not guaranteed…so don’t get all hopeful.
Gary Cohn, the chief White House economic adviser, said Thursday that he “can’t guarantee” middle-income families won’t pay more in taxes under the new Republican tax proposal.
Stephanopoulos said the top tax official in New York City estimated half of NYC families earning between $50,000 and $75,000 will see a tax increase under the president’s plan.
“It is our objective that the entire middle class will get a tax cut,” Mnuchin said on ABC’s “This Week” program. “You cannot make guarantees because every single person’s taxes are different, people take advantage of different things.”
What is guaranteed is this…
A stunning 80 percent of the so-called “tax relief” in Trump’s plan would go to households in the top 1 percent income bracket, according to a rough analysis released Wednesday by the Center on Budget and Policy Priorities, a progressive think tank.
The top 1 percent of income earners would get a $150,000 tax cut, on average, according to the center. But the real winners would be the tippy top income earners. Households making more than $3.8 million would see their tax bills drop by about $800,000 a year or 21 percent, the report found.
A report on Friday from the non-profit Washington-based Tax Policy Center found that taxpayers in the top 1 percent income bracket – above $730,000 – would receive about 50 percent of the total benefit from the overhaul, with their after-tax income forecast to increase an average of 8.5 percent.
What is not true:
“George, when we’ve looked at the tax plan and we’ve looked at what it does for Americans, we are very confident that Americans are getting a great deal here,” Cohn said. “We have designed a tax plan that is a stimulant for the economy where we are giving tax cuts to middle- and lower-class Americans.”
After Stephanopoulos pressed Cohn, the economic adviser then insisted: “The wealthy are NOT getting a tax cut under our plan.”
Their next task:
“The objective of the president is that rich people don’t get tax cuts,” Mnuchin said. “As we go through this process, we will explain to the American public how this works.”
Like this. Because they think we’re idiots.Embed from Getty Images