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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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 …
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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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