Posted on 11/04/2017 6:42:00 PM PDT by mdittmar
WASHINGTON - November 02, 2017 -
Today, Republican leaders in the U.S. House of Representatives unveiled a massive, $5 trillion tax plan that gives away huge tax breaks for the wealthiest and corporations, while putting middle-class families at risk of higher taxes. The plan also expands an education tax loophole that would further benefit the wealthy and allow them to set aside money for private school expenses while cutting tax deductions for the middle class. The plan also eliminates the educator tax deduction that allows educators to deduct eligible unreimbursed classroom spending up to $250. Congress made this deduction permanent in 2015. According to a recent report, 99.5 percent of educators dip into their own pocketbooks to provide supplies and instructional materials for their students. This tax plan rollout is the first step in a rushed effort to rewrite the tax code and ultimately pave the way for devastating cuts to working families, students and communities.
NEA President Lily Eskelsen García released the following statement:
“The tax plan released by House Republican leaders and backed by President Trump is a massive tax giveaway to the wealthiest individuals and corporations funded on the backs of students and working families. Expanding education tax loopholes in order for wealthy families to stash away money for private school will hurt neighborhood public schools and students. Similarly, as educators spend more and more of their own funds each year to buy basic essentials, Republican leaders chose to ignore the sacrifice made by those who work in our nation’s public schools to make sure students have adequate books, pencils, paper and art supplies.
“Eliminating any part of the state and local tax deduction equals a tax increase on middle class families that will have a negative, ripple effect on states’ and local communities’ ability to fund public services, like public education. That will translate into cuts to public schools, lost jobs to educators, and overcrowded classrooms that deprive students of one-on-one attention.
“We’ve been down this yellow brick road before. The failed ‘Kansas experiment,’ in which GOP leaders pushed brutal tax cuts for the wealthy and corporations starved the state of basic services and resulted in crippling cuts to public education. Educators left the profession and the state, class sizes ballooned, schools closed. In a bipartisan show of force, Kansas lawmakers, realizing the real-life consequences and failure of the experiment, then reversed course.
“And we’ve seen it from Washington, too. Lawmakers pass massive tax cuts then come back later demanding huge cuts to Medicaid, Medicare, Social Security and education to ‘pay for’ the tax breaks for people and corporations who are not paying their fair share before getting new tax breaks.
“As with their health care debacle this year, Republican leaders and the White House are rushing to pass a massive, partisan bill that impacts every household, public services like education, and our economy without giving it the scrutiny and deliberation it deserves. The American people reject this plan. This recklessness cannot stand.”
Here's an old song I like;)
Remind me what her salary is.
I’m still waiting for the day when someone hacks into the DNC and gets a copy of the emails sent to all the liberal entities and media, telling them what to say, and when to say it.
I trust the NEA to be impartial and truthful in this matter — NOT!
Straight out of the leftist playbook, the same cliches they have been using for 50 plus years, and there’s that term again—”working families,” always bloviated from the mouth of union leaders.
Don’t have to hack into,just go to their websites and read what they say.
Since the "poor" get tax money back, that faaaaaaaaaaar outweighs any taxes ( Fed, state/city/sales ) they might have paid, how are the "wealthy" stealing money from them? It's the other way around!
How can it be funded on the “backs of students” when students pay little to no income tax?
Since the top 1% pay huge share of taxes, how can there be a “TAXCUT” without cutting taxes for the top 1%?
My college age kid working on minimum wage part-time job had to pay a small amount of income tax, because she had a small amount of interest income (less than $200).
The NEA is just another thug union, no different than the Teamsters.
They claim they want to run public schools in the best interest of “the children.”
Bullsh*t, they want to run the schools for the enrichment of the adults. “More pay, less work”—that’s what unions are about.
Well,the teachers are union members,the unions suck money out of their paychecks,then the union leaders send that money to democrats,the democrats promote union stuff,like teaching students,and then students pay little to no income tax,because they can’t get a job,because they are stupid.
The bill is not a tax cut, it is a tax shift.
According to one chart those earning $90,000-150,000 wlll have their rate unchanged; but, with fewer deductions (especially the SALT limit of $10K) they will have more taxable income and therefore a net tax INCREASE.
This is smoke and mirrors, robbing Peter to pay Paul.
Ditch the revenue neutrality, have across the board tax CUTS, and practice real Reaganomics.
RINOpusses won’t even try.
Losers
Funny I recall paying taxes on my part time minimum wage college job 55 years ago.
If your child can’t read or fill out a resume - you can thank the NEA.
Poor lefties - all they’ve had going for them for fifty years is “you’re a racist” and “tax cuts for the rich” - along come the Republicans and limit mortgage deductions for interest over five hundred thousand instead of the current million dollar limit, limit real estate deductions to ten thousand dollars, and totally eliminate the deduction for state income tax - all of which will probably increase the taxes paid for very high earners - and the left is so thunderstruck it can’t even change its talking points......
Lying Marxist b*tch, thy name is Lily.
“... on the backs of students...”
School name (state) End of fiscal year 2016 endowment U.S. News rank
Harvard University (MA) $35,665,743,000 2
Yale University (CT) $25,413,149,000 3 (tie)
Stanford University (CA) $22,398,130,000 5 (tie)
Princeton University (NJ) $21,703,500,000 1
Massachusetts Institute of Technology $13,181,515,000 5 (tie)
University of Pennsylvania $10,715,364,000 8
Texas A&M University—College Station $9,858,672,136 69 (tie)
University of Michigan—Ann Arbor $9,600,640,000 28
Columbia University (NY) $9,041,027,000 5 (tie)
University of Notre Dame (IN) $8,748,266,000 18 (tie)
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