View Mobile Site

Writer expresses concerns about Republican tax plan

Posted: November 20, 2017 4:37 p.m.
Updated: November 21, 2017 1:00 a.m.

Do we want this? 

Consider the following:

Wealthiest 2 per cent get a tax break. Most of us don’t.

Most of the very wealthy do not need tax break. Even billionaires say so.

Corporate profits are way up and many corporations outsource jobs. The trickle down theory has never worked as promised.

The non-partisan tax policy center estimates that over 42 percent of the individual tax gains would go to the top 10 percent of earners with the top one percent getting an average tax cut of 175,000 dollars. 

President Trump said, “There’s very little benefit for people of wealth.” However, if Congress were to repeal the estate tax which would help the top two percent, his own four children would not have to pay a cent on their inheritance saving them more than $1 billion.

Middle class families in many states will pay increased taxes.

Many programs that benefit middle class families and the poor will be cut.

The national debt will be increased by $1.6 trillion.

How do we make that deficit up?

Tuition for privates chools will be tax deductible under the Republican plan

Most middle class and poor families cannot even afford private schools.

Most private school families can afford to pay the taxes.

Interest on student loans will not be tax deductible.

Most recipients of loans cannot even afford to repay loans, much less the interest payments on them.

Graduate students whose tuition is paid by their doing lab work and teaching will be taxed $10,000 even though they do not actually get paid. Many would have to give up their education.

Teachers who use their own pocket money for supplies can claim no tax break.

Forget party; think about your future and about fairness for all. Obviously our representatives are not thinking about us.


Commenting not available.
Commenting is not available.

Contents of this site are © Copyright 2018 Chronicle Independent All rights reserved. Privacy policy and Terms of service

Powered by
Morris Technology
Please wait ...