Wednesday, November 15, 2017

GOP Finally Has the Math! Permanent Tax Cuts for the Rich and Corporations, Tax Hikes for the Middle Class (Bonus! Dump 15 Million's Healthcare)

To make the big ticket items in the Tax Cuts and Jobs Act permanent (and affordable to the budget), most of the individual (and paltry) cuts for the middle class expire within the ten-year window. What horrifying gall.

By phasing out what helps the poor, working, and middle classes within the ten-year window in order to pass the bill under reconciliation rules that allow a simple (Republican) majority, it allows the bill to make permanent the large tax cuts for the rich. The graph above tells it all. What a travesty.

For words to tell the story, read this, this, and this.

And check out this tweet and its thread:

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