Political Junky
Gold Member
- May 27, 2009
- 25,793
- 3,990
- 280
A family earning $59,000. will save $1,862. The top earners will save $Millions.
Ryan went on about what the folks could do with their $1,862. Who falls for that and who lies about it?
Here's what's in the GOP tax plan
The House GOP tax plan keeps the 39.6% tax-rate for the wealthiest Americans ($1 million income for married couples), caps the mortgage interest deduction for newly purchased homes at $500,000 (down from $1 million), and will allow only $10,000 of property tax to be deducted, according to a summary released this morning.
Why it matters: Lawmakers are finally seeing the full details of the proposal this morning. Already some Republicans had expressed concerns and powerful lobbying groups like homebuilders had expressed opposition.
Ryan went on about what the folks could do with their $1,862. Who falls for that and who lies about it?
Here's what's in the GOP tax plan
The House GOP tax plan keeps the 39.6% tax-rate for the wealthiest Americans ($1 million income for married couples), caps the mortgage interest deduction for newly purchased homes at $500,000 (down from $1 million), and will allow only $10,000 of property tax to be deducted, according to a summary released this morning.
Why it matters: Lawmakers are finally seeing the full details of the proposal this morning. Already some Republicans had expressed concerns and powerful lobbying groups like homebuilders had expressed opposition.
