Hatch: We are also further lowering rates for middle-class families. The 22.5 percent rate will drop to 22 percent, the 25 percent bracket will drop to 24 percent and the 32.5 percent bracket will drop to 32 percent. #taxreform
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Hatch: The modified mark expands the child tax credit to $2,000 per child and raises the income caps on the credit to allow more middle-class families to claim it. #taxreformhttps://go.usa.gov/xnWJC
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Hatch: Expanding the child tax credit and lowering rates will let us channel even more tax relief to the middle-class.
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Hatch: “The modification also streamlines pass-through provisions, ensuring more small businesses – the engines of job creation for our economy – have greater access to the benefits.”
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Hatch: “If it looks like a duck, swims like a duck, and quacks like a duck, it’s probably a duck.” The individual mandate is a tax.
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Hatch: Zeroing out the individual mandate tax will raise $318 billion over 10 years, money we use in our mark to actually lower taxes for the middle class.
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Hatch: The Obamacare mandate tax is terribly regressive and imposes harsh burdens on low- and middle-income taxpayers. 80 percent of Americans who paid the individual mandate tax in 2015 made less than $50,000 a year.
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Hatch: The individual mandate has failed. It hasn’t prevented premiums from skyrocketing, nor has it kept insurers from leaving markets.
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End of conversation
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Not sufficient, let someone else who can be fair do it.
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Good news
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