The #GOPTaxBill adds trillions to our national debt. That means:
-slower economic growth
-slower wage growth
-higher interest rates
-fewer jobs
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There is no case for unpaid for tax cuts that will cripple future generations and put a drag on our economy.https://twitter.com/pgpfoundation/status/930179979924647936 …
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The #GOPTaxBill eliminates the state and local tax (SALT) deduction, which is used by state and local governments for public investments like schools, law enforcement, road construction & health care.https://www.vox.com/policy-and-politics/2017/10/30/16557554/the-state-and-local-tax-deduction-explained …
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CA taxpayers would be among the hardest hit:
@TaxPolicyCenter estimates 489,000 filers would see an average increase of about $3,290 in their federal taxes.#GOPTaxScamhttp://www.latimes.com/business/la-fi-trump-tax-california-20170927-story.html …Show this thread -
Under the
#GOPTaxBill, deductions on mortgage interest are capped at $500,000. This number too low for CA home prices & will only worsen our housing crisis.http://www.latimes.com/politics/la-pol-sac-skelton-california-homeowners-gop-tax-plan-20171116-story.html …Show this thread -
The long-term economic consequences of this bill will hurt our economy and American families. We need real, fiscally responsible tax reform, but the
#GOPTaxBill that passed today shifts a huge unpaid burden of debt to our children.Show this thread -
History has shown that the only path to successful tax reform is bipartisanship and I sincerely hope the Senate does better than we did today.
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End of conversation
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