The big losers who pay for this: Millions who lose health coverage w repeal of mandate w/o replacement. Earners <$30000 who face tax incr in 2021. Earners <$75000 who face tax incr in 2027. Grad students whose tuition waivers become taxable. People who pay state & local taxes.
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Add to the losers the elderly and disabled due to the estimated $25B in automatic annual cuts to Medicare triggered by the massive deficit increase.https://www.vox.com/policy-and-politics/2017/11/29/16712430/senate-tax-bill-change-federal-health-care …
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This is not going to blow up the deficit. It's going to create jobs. So......becuz of this theory I'm going to buy a huuuuge new house becuz next week I'm winning the lottery.
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It’s almost like Ol’ Bone Spurs
@realDonaldTrump wrote this plan for himself.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Inheritance has already been taxed.
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AMT hits middle class in NY, NJ and CT. Rich rarely have AMT except if their income is largely LT capital gains or have a NOL like President Trump in 2005
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I wish someone would grab that idiotic thumb’s up and put it where the sun don’t shine.
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Incorrect; super rich put money in trusts; next group are family businesses that have to sell or borrow millions to pay death taxes to keep business in family; high income will pay more because of limits to mortgage deduction, no deduction for state income tx; no Medicare impact
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2018 is going to be a
@GOP blood bathThanks. Twitter will use this to make your timeline better. UndoUndo
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