Loss of medical deductions, state and local taxes, mortgage deductions. My taxes will increase even with raising the standard deduction.
#PA02 constituents, I want to hear from all of you! Comment below w/ what concerns you most about the Republican tax bill.
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Bill would increase the tax burden of me and all other graduate students across the country by up to 240%! It'd make it impossible to pursue grad school. Please vote against this bill. More information at https://drive.google.com/file/d/1e3oIk8AO9F_UL98z5cieKha1V5e9azzB/view …
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This bill is an abomination against people who are poor and sick, the elderly, wome, children and veterans - in other words WHO WE ARE!
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Elimination of the student loan interest deduction will hurt anyone trying to finance their own education. Treating tuition waivers and stipends as income will devastate graduate students. This bill permanently cuts taxes for multinational corporations at the expense of students.
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Loss of medical deduction, ending orphan drug credit, ending ADA accessibility deduction. Attacking the disabled to benefit the rich.
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Is there a way to make these laws readable for a high schooler to understand?
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I'm currently fine with what I pay in taxes. I'm afraid now that not only will my taxes go up, but so will my Health Insurance premiums.
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The fact that the deductions for individuals expire in eight years but the corporate rate cuts don't.
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For myself, loss of SALT & property tax deductions, retirement saving options, federal historic building tax credit. For our society, impact on health care system & outcomes, families losing personal exemption. AND: lack of evidence these cuts will result in any reinvestment!
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(Here's an article on the federal historic building tax credit and how losing it could accelerate the loss of Philadelphia's historic environment. https://www.nytimes.com/2017/11/14/business/philadelphia-commercial-real-estate.html …)
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