Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
The tax reform plan that House Republicans have advanced would sharply cut taxes for the wealthiest Americans and could leave middle-class households facing much larger tax bills, according to a new analysis set to be released Wednesday.
The report, prepared by Senate Democrats and reviewed by nonpartisan tax experts, marks the first attempt to quantify the trade-offs inherent in the GOP tax package, which would replace the current tax structure with two brackets 25 percent and 10 percent and cut the top rate from 35 percent.
Those changes would benefit virtually every taxpayer, but they also would reduce federal tax collections by about $4.5 trillion over the next decade, according to the nonpartisan Tax Policy Center. To avoid increasing the national debt by that amount, GOP leaders such as House Budget Committee Chairman Paul Ryan (Wis.) have pledged to get rid of all the special-interest loopholes and tax shelters that litter the code.
Republicans have declined to identify their targets. However, some of the biggest loopholes on the books are popular tax breaks for employer-provided health insurance, mortgage interest, state and local taxes, and retirement savings, which disproportionately benefit the upper middle class.
...
Considering the constant drumbeat or right wing talking points, i.e. "liberals hate the rich," wouldn't it be a fair turnaround to say conservatives hate the middle class? There's already a tacit understanding that the right hates the poor. I guess that conservatives only like the rich. The Republican party certainly votes that way.
It is one thing to be a troll.
It is another to be an ignorant troll.
It is one thing to be a troll.
It is another to be an ignorant troll.
Are you disputing the Tax Foundation report, or any facts contained therein? If not, you're clearly the troll on this thread. The facts, as they stand, demonstrate that the GOP plan will significantly raise taxes on the middle class, while drastically reducing taxes on those who make $1,000,000 or more.
It also seems that ignorance is your forte.
In fairness, it's probably much more likely that they really are just going to push a tax plan that raises the debt by $4.5 trillion.
It is one thing to be a troll.
It is another to be an ignorant troll.
Are you disputing the Tax Foundation report, or any facts contained therein? If not, you're clearly the troll on this thread. The facts, as they stand, demonstrate that the GOP plan will significantly raise taxes on the middle class, while drastically reducing taxes on those who make $1,000,000 or more.
It also seems that ignorance is your forte.
Dude. I don't really read your dumbassed posts.
Yeah, the GOP cares about the middle class. Another case of them sucker punching their supporters.
Middle class could face higher taxes under Republican plan, analysis finds
The tax reform plan that House Republicans have advanced would sharply cut taxes for the wealthiest Americans and could leave middle-class households facing much larger tax bills, according to a new analysis set to be released Wednesday.
The report, prepared by Senate Democrats and reviewed by nonpartisan tax experts, marks the first attempt to quantify the trade-offs inherent in the GOP tax package, which would replace the current tax structure with two brackets 25 percent and 10 percent and cut the top rate from 35 percent.
Those changes would benefit virtually every taxpayer, but they also would reduce federal tax collections by about $4.5 trillion over the next decade, according to the nonpartisan Tax Policy Center. To avoid increasing the national debt by that amount, GOP leaders such as House Budget Committee Chairman Paul Ryan (Wis.) have pledged to get rid of all the special-interest loopholes and tax shelters that litter the code.
Republicans have declined to identify their targets. However, some of the biggest loopholes on the books are popular tax breaks for employer-provided health insurance, mortgage interest, state and local taxes, and retirement savings, which disproportionately benefit the upper middle class.
...
Yep.
Considering the constant drumbeat or right wing talking points, i.e. "liberals hate the rich," wouldn't it be a fair turnaround to say conservatives hate the middle class? There's already a tacit understanding that the right hates the poor. I guess that conservatives only like the rich. The Republican party certainly votes that way.
The republicans hate not just to middle class, but america and everyone else but the rich.
The only plans the GOP have to "better" the economy is to screw over the middle and working class to give everything to the rich.
Dickless must have missed that part
The report is based on the analysis of the Tax Policy Center. Do you dispute any of the facts it provides? Who do you think is going to be hit the hardest, percentage of income wise, if the home mortgage deduction is repealed?
Yeah, the GOP cares about the middle class. Another case of them sucker punching their supporters.
Middle class could face higher taxes under Republican plan, analysis finds
The tax reform plan that House Republicans have advanced would sharply cut taxes for the wealthiest Americans and could leave middle-class households facing much larger tax bills, according to a new analysis set to be released Wednesday.
The report, prepared by Senate Democrats and reviewed by nonpartisan tax experts, marks the first attempt to quantify the trade-offs inherent in the GOP tax package, which would replace the current tax structure with two brackets 25 percent and 10 percent and cut the top rate from 35 percent.
Those changes would benefit virtually every taxpayer, but they also would reduce federal tax collections by about $4.5 trillion over the next decade, according to the nonpartisan Tax Policy Center. To avoid increasing the national debt by that amount, GOP leaders such as House Budget Committee Chairman Paul Ryan (Wis.) have pledged to get rid of all the special-interest loopholes and tax shelters that litter the code.
Republicans have declined to identify their targets. However, some of the biggest loopholes on the books are popular tax breaks for employer-provided health insurance, mortgage interest, state and local taxes, and retirement savings, which disproportionately benefit the upper middle class.
...
the 'upper' middle class is still middle class. I thought the GOP had a war with the middle class going? That's what the Dems keep telling us. Why would they help someone they are at war with?
