..How the Republican tax cut will take money away from most Americans..

[charley]

If President Trump and congressional Republicans end up paying for their proposed $1.4 trillion tax cut by reducing spending or raising taxes later on, most Americans making less than $86,000 would be worse off, according to a new report by the Tax Policy Center, a nonpartisan think tank.

If every household were required to pay the same amount to fund the tax cuts roughly $1,200 in 2018, then only 27 percent of Americans would get a cut and 73 percent of Americans would essentially be getting a tax hike. The vast majority of the families that would be worse off would be in the lower and middle classes.

What Republicans have been talking about with cuts to Medicare, Social Security and Medicaid in recent days is actually going to be more regressive than our scenario, Those cuts won't effect the top 20 percent very much. Tax cuts on the backs of the poor, young and the old, point being that those groups need the most help, but don't have a voice loud enough to be heard by Trump and the republicans. America's richest people will benefit the most.

Once again , America is about to experience 'trickle down' economics , which is known to always fail.
​

 

[Arnold]

fake news.

 

[T Woods]

It's not news, it's olds. Same story every time. Baffling how the lower and middle class line up to vote against their own financial interests.

 

[charley]

It's not news, it's olds. Same story every time. Baffling how the lower and middle class line up to vote against their own financial interests.

.... republicans have always tricked the classes thru use of bigotry, sexism & racism to

vote against their own financial interests​

. #SAD .. you do know T Woods, that both trumpski and prince will be crying when they read your post.... ...


.... prince will say ,, FAKE NEWS ,,, or trumpy will say RIGGED !!!

 

[T Woods]

I certainly don't mean to offend anyone. Would like to see the country unite as the force of freedom we should be. As the melting pot that we are. It's always been about compromise with regards to differences, political or otherwise.