Trump’s tax proposal won’t actually help the middle class.

Washington Post ^ | 19 Oct 17 | By Catherine Rampell

[SkyPilot]

President Trump campaigned on helping the little guy. His latest tax proposal, he says, is about helping the middle guy.

“It’s a middle-class bill,” Trump promised an audience of truckers last week.

Other administration officials and House Speaker Paul D. Ryan (R-Wis.) have also claimed that their primary objective in reconfiguring the tax code is to help the middle class, not the wealthy.

[SkyPilot]

This tax bill will punish 44 Million Americans who claim the state and local tax exemption, all to "pay for" a massive tax break for corporations who have paid off K Street in Washington.

[I want the USA back]

I didn’t expect the media to support it, no matter what was in it. I just wonder what took them so long to trash it.

[gop4lyf]

If I understand his plan correctly, he wants to double the standard deduction. That would help my middle class family immensely.

[daler]

Saw “Washington Post”, went back to my crossword puzzle.

[EQAndyBuzz]

I don’t pay state taxes. This helps me immensely. Maybe more states should drop their taxes.

[Robert DeLong]

So basically she is trotting out that worn out argument that it benefits the rich the most. Since they pay most of the taxes to begin with it only makes sense that they too would benefit along with the middle class. They are the job creators, so that means more Americans can be employed, while still retaining a nice chunk for themselves, and the middle class expands.

Of course these idiots can only see what their tunnel vision allows them to see.

[Tolerance Sucks Rocks]

If they make the lowest rate go all the way to the FICA cap and add the personal exemptions back in, that would help a great deal with the loss of the big-government-subsidizing SALT deduction. And while they’re at it, get rid of SALT for corporations, too.

[jmaroneps37]

Ah yeah, right. Never heard of dynamic scoring have you?

[Morpheus2009]

They never made sense to me in their message. They just hate the politicians with the idea.

[Pollster1]

Journalists at the Washington Post see all money as government money. To them, the term "middle class" means the welfare class. Any time productive Americans keep more of their money instead of government taking it for those with connections, leftists cry. I love their tears!

[Mr Rogers]

” all to “pay for” a massive tax break for corporations “

This conservative believes expanding and growing businesses are VASTLY more helpful to the middle class than “the state and local tax exemption” - one which would be swallowed up for most by a larger standard deduction anyways.

I find the communist idea that business is bad and deserves confiscatory taxes so politicians can buy things for their voters....repulsive.

[SkyPilot]

Ah yeah, right. Never heard of dynamic scoring have you?

Is that like Illuminated Wow Faction Scoring of Light and Apples? Maybe I am not in "The Club." What Wall Street faction am I missing out of? I guess whatever you say will be "good" for me - right?! Hey, you are putting bucks in your pocket for it, or you would not be upset by my posts. So what are you taking, in terms of dollars?

[dhs12345]

Playing devils advocate — maybe the state taxes are too high? And this exclusion from the Feds has allowed them to get by for too long?

Then again, being taxed twice on the same money doesn’t seem fair. First by the feds and then second by the state.

[Mr Rogers]

PS: GO TRUMP!!!!

This endorsement brought to you by a guy who voted for Ted Cruz in the primary...

[dhs12345]

Good point. :)

Maybe the problem is not with the Feds but with the States?

[SkyPilot]

This conservative believes expanding and growing businesses are VASTLY more helpful to the middle class than “the state and local tax exemption”

How humble and what a self sacrifice for you! I'll set up a bronze statue in your honor, as the rest of us pay thousands of dollars more in taxes to fuel your ego and charity.

[Harmless Teddy Bear]

It will help the people who live in states who have a sensible income/sales tax rather then allowing high tax states to hid their avarice by saying "you can deduct it from your federal taxes."

By expanding the standard deduction middle class families will pay less taxes. Most never claim the state tax deduction because they don't itemized deductions on their taxes anyway.

[Mr Rogers]

If businesses in America grow, why do you think that is bad? What part of a vibrant economy makes you mad?

[plain talk]

This tax bill will punish 44 Million Americans who claim the state and local tax exemption, all to "pay for" a massive tax break for corporations who have paid off K Street in Washington.

I hope they kill the State and Local Tax exemption. We should not subsidize the fools that live in blue states.

Businesses and corporations don't really pay taxes. They just pass those costs along to consumers in the form of higher prices. These are hidden taxes all of us pay. Lowering taxes on businesses will help everyone. Of course the class-envy liberals don't quite understand that.

[Robert DeLong]

This tax bill will punish 44 Million Americans who claim the state and local tax exemption, all to "pay for" a massive tax break for corporations who have paid off K Street in Washington.

Unfortunately you are not looking at the big picture. Lowering the corporate tax rate will bring back trillions to America, along with investments that will create more jobs. That in turn creates competition which means wages will go up. If you live some place that taxes are that onerous that they will upset your finances then relocation may be in order. Also, the standard deduction would nearly double.