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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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 …Show this thread
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 …
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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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Because you are the Silicon Valley and we can't have to many billionaires
Thanks. Twitter will use this to make your timeline better. UndoUndo
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This is more "red state socialism" where the richer/bluer states will bear even more of the tax burden relative to their returns on the federal level
I ain't even mad, but they should own what they're doing -
PS: I actually AM mad, but you gotta hand it to 'em, they're fleecing us
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