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Trump’s tax proposal won’t actually help the middle class.
Washington Post ^
| 19 Oct 17
| By Catherine Rampell
Posted on 10/21/2017 1:59:09 PM PDT by SkyPilot
President Trump campaigned on helping the little guy. His latest tax proposal, he says, is about helping the middle guy.
Its 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.
(Excerpt) Read more at washingtonpost.com ...
TOPICS: Business/Economy; Constitution/Conservatism; Extended News; News/Current Events
KEYWORDS: congress; gop; middleclass; tax; trump; trumptaxcuts; trumptaxplan
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To: SkyPilot
Has anyone yet pointed out that in *addition* to eliminating the state tax deduction, you will not be able to deduct charitable giving *or* mortgage interest unless that combine to more than $24,000?
This is an additional huge hit for the middle class.
I have seen that only in the World Magazine article that I just posted. I trust World News Group for honest reporting.
261
posted on
10/22/2017 11:55:16 AM PDT
by
newberger
(Put not your trust in princes, in sons of men in whom there is no salvation.)
To: newberger
Has anyone yet pointed out that in *addition* to eliminating the state tax deduction, you will not be able to deduct charitable giving *or* mortgage interest unless that combine to more than $24,000? This is an additional huge hit for the middle class. I didn't know that. It just keeps getting worse and worse.
262
posted on
10/22/2017 11:59:44 AM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: redgolum
I do itemized deductions, because we give a lot to charity. "Under the Republican plan, only families paying more than $24,000 a year in mortgage interest and charitable donations, combined, will be able to deduct those expenses from their income taxes."
World Magazine, October 28, 2017
Not acceptable!
263
posted on
10/22/2017 12:05:01 PM PDT
by
newberger
(Put not your trust in princes, in sons of men in whom there is no salvation.)
To: SkyPilot
One more.
Although the standard deduction is doubles, the personal exemption is eliminated.
This is hard on large families.
264
posted on
10/22/2017 12:08:16 PM PDT
by
newberger
(Put not your trust in princes, in sons of men in whom there is no salvation.)
To: SkyPilot
as the rest of us pay thousands of dollars more in taxes to fuel your ego and charity.
The rest of us are sick of subsidizing high tax states. Pull your own damned weight.
L
265
posted on
10/22/2017 12:11:04 PM PDT
by
Lurker
(President Trump isn't our last chance. President Trump is THEIR last chance.)
To: Lurker
The rest of us are sick of subsidizing high tax states. The state I live in gets less than 70 cents back for every dollar we give to the Feds.
There are some states that get back up several dollars for every dollar tax paid to the Federal government.
Per your strawman logic - the rest of us are sick of subsidizing the Taker states.
266
posted on
10/22/2017 1:11:11 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: newberger
One more. Although the standard deduction is doubles, the personal exemption is eliminated. This is hard on large families. Exactly. This tax bill is a disaster.
267
posted on
10/22/2017 1:12:36 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
Cry me a river. I live in Illinois.
L
268
posted on
10/22/2017 2:11:12 PM PDT
by
Lurker
(President Trump isn't our last chance. President Trump is THEIR last chance.)
To: redgolum
Notice it is reform, not cuts. I have some experience with weasel words from politicians. They are about a honest as Army recruiters were 60 years ago.
269
posted on
10/22/2017 2:13:02 PM PDT
by
itsahoot
(As long as there is money to be divided, there will be division.)
To: gop4lyf
It also eliminates personal exemptions.
That’s going to mean a tax increase for my family.
To: SkyPilot
271
posted on
10/22/2017 2:29:20 PM PDT
by
af_vet_1981
(The bus came by and I got on, That's when it all began.)
To: SkyPilot
272
posted on
10/22/2017 2:29:20 PM PDT
by
af_vet_1981
(The bus came by and I got on, That's when it all began.)
To: AdmSmith; AnonymousConservative; Berosus; Bockscar; cardinal4; ColdOne; Convert from ECUSA; ...
Another Partisan Media Shill, writing for Jeff Bezos' Washington ComPost.
273
posted on
10/23/2017 9:27:46 PM PDT
by
SunkenCiv
(www.tapatalk.com/groups/godsgravesglyphs/, forum.darwincentral.org, www.gopbriefingroom.com)
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