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RepDannyDavis's profile
Rep. Danny K. Davis
Rep. Danny K. Davis
Rep. Danny K. Davis
Verified account
@RepDannyDavis

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Rep. Danny K. DavisVerified account

@RepDannyDavis

US House Representative for Illinois' 7th Congressional District. Serving on the Committee on Ways and Means. Following/retweeting does not equal endorsement.

Chicago, IL
davis.house.gov
Joined August 2012

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    1. Rep. Danny K. Davis‏Verified account @RepDannyDavis Oct 17

      Rep. Danny K. Davis Retweeted Ways and Means Dems

      To cap individual property tax filings and not corporations...tells it all.https://twitter.com/WaysMeansCmte/status/1052610982986600448 …

      Rep. Danny K. Davis added,

      Ways and Means DemsVerified account @WaysMeansCmte
      Republicans claimed that their tax law was written to benefit the middle class. Turns out, it doesn’t. https://www.brookings.edu/blog/up-front/2018/10/16/the-middle-class-needs-a-tax-cut-trump-didnt-give-it-to-them/ …
      1 reply 2 retweets 5 likes
    2. youropinionisbad‏ @TruthHateStudy Oct 17
      Replying to @RepDannyDavis

      The doubling of the standard deduction saves most people more money = taxbreak. Also, incentives to put person capital investments in control of S&C Corps to maximize savings. If you're paying more under the tax plan, you're a fool.

      1 reply 0 retweets 0 likes
      Rep. Danny K. Davis‏Verified account @RepDannyDavis Oct 17
      Replying to @TruthHateStudy

      Old tax law the 1st deduction was already untaxed - most tax payers claimed themselves so they took 2 deductions correct? So in earnest - they already do this - SALT deduction was after tax paid that's now capped. Some tax payers WILL see a tax increase.

      11:31 AM - 17 Oct 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. youropinionisbad‏ @TruthHateStudy Oct 17
          Replying to @RepDannyDavis

          I can either think your out of touch or dont do your own taxes. SALT deduction is capped at 10k. MEANING you'd have to own more than $500,000 in taxed property value. As I said b4, this incentivizes people to put property into Corps so they can use the new tax structure.

          1 reply 0 retweets 0 likes
        3. youropinionisbad‏ @TruthHateStudy Oct 17
          Replying to @TruthHateStudy @RepDannyDavis

          In addition, your claim of "people take two deductions", I assume you're talking about W4s? Because those are called "allowances" and any smart person knows how to calculate the W4 allowances to their benefit. Those who don't, get large tax Refunds (which is a debateable good)

          1 reply 0 retweets 0 likes
        4. youropinionisbad‏ @TruthHateStudy Oct 17
          Replying to @TruthHateStudy @RepDannyDavis

          Further, standard deduction went from $6,350 to $12,000 for single individuals. They don't have to do complicated taxes bc the avg person WILLNOT exceeds this, even with a lower SALT cap. I'd be happy to discuss all these issues in length if you like---youve been lied to.

          0 replies 0 retweets 0 likes
        5. End of conversation

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