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.” #taxreform
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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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Streamlines? Why is my pass thru a higher priority than my individual tax liability? For a man who respects experts, how could you rush?
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What middle class citizens care about pass-through provisions ? Oh right ZERO You keep reinforcing why this is a bad deal for middle class Americans.
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How about giving small businesses more money to compete for by making more money available to their customers, not less? The GOP voodoo economics ends up costing businesses and customers more money than you are saving us.
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