Mortgage interest deduction??
Good.
This is Satire, right?
??? never heard of this.
I think I would need more sources than the “Richmond Voice”, a weekly “afro-merican” publication.
Satire.
This sounds like leftist parasites’ worst nightmare, but hope it is not a satire.
It reduces an incentive to fraud; someone files a fake schedule C claiming $13,020 income, has 4 children, pays collects a $4500 refund check for EIC and ACTC after the Self Employment tax is paid.
These also provide incentive for Illegals to flood our country looking for free handouts, 19 year olds claiming 3 nephews and nieces as dependents to get ACTC.
I call BS.
??? Is this satire ??
I am very surprised that the mort interest deduction has been removed without massive, massive blowback from the real estate industry and secondly, without hearing about it all over the place.
There are large numbers of people who will not be able to make their mortgage payment without this deduction.
If you think removal of the EITC (removal of which I generally support but to just yank it suddenly) will not generate massive blowback, I think that’s a naive view.
Wow! I remember the The Voice!
I wouldn’t believe a word in it LOL! It’s garbage.
This is fake.
Conservative Economists working for the Heritage Foundation predict up to 20% yearly growth (depending on data sets) to the American economy if the forthcoming “Job Creator” bill is passed. Economist Paul Horner, speaking on behalf of the foundation, said the Dow Jones stock index could easily surpass 25,000, leading to a massive creation of wealth for speculators when the new corporate tax breaks take effect.For laughs, take a look at how many times that highlighted name pops up on the National Report.
... This is a totally fake satirical piece ..... Even Snopes admits it.
The earned income tax credit is wealth transfer pure and simple and needs to die. To raise taxes by eliminating deductions without lowering the overall tax rate is criminal. The middl class is tapped out and America is suffering. suffering. They cannot wring more coin out of the peasants because more business will move to cash and barter and the grey and black markets will explode. Did these Federal asshats forget about the Laffer Curve?
Yeah and now the “citizens” won’t be able to afford the goods and services they offer because they have to pay higher taxes... Great logic Rand...
Comments at the site indicate this is a satire reprinted from a different source.
I find this hard to believe. Reads like sarcasm
That's like right now. We're already in FY2015, aren't we?