The Ryan-McConnell tax plan cuts corporate rates by 43%. You might wonder how they could possibly pay for that big of a cut. Here's how:
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For starters, it explodes our debt & deficits. This isn’t about fiscal responsibility. Never has been. It's about helping donors & the rich.
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Teachers who pay for classroom supplies for their students OUT OF THEIR OWN POCKETS will lose their tax deduction under this GOP plan.
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Students, often DROWNING in student loan debt from high interest rates & the high costs of college, will see their tax deduction eliminated.
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Families who rely on the state & local income and sales tax deductions will see them disappear. In KY, that’s an avg deduction of ~$9,500.
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People with health problems, serious illnesses, cancer, etc. will no longer be able to deduct their high medical expenses under this plan.
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This isn’t tax reform. It’s a huge gift to the wealthy & a complete abdication of any responsibility to help struggling families get ahead.
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End of conversation
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Isn’t that what you did under Obama! Take an economics lesson and learn tax cuts drive economic growth.
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NOW you're worried about exploding our debt and deficits? We're 20+ trillion in debt ffs!https://twitter.com/RepJohnYarmuth/status/927251849702408192 …
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