A day ahead of Trump’s visit to Arizona, GOP Senator Martha McSally proposes giving taxpayers *$4,000 each* to take a vacation. Couples would get $8,000 in vacation tax credits, plus $500 per kid.
Show this thread
-
The bill doesn’t include an offset, so it would swell the deficit. I wonder what a dynamic score might look like though.
Show this thread
Also, the tax credit isn’t refundable. So if you don’t make enough to pay federal income taxes, you don’t get the free vacation.
-
-
It’s called the American TRIP Act: American Tax Rebate and Incentive Program Act As in, take A TRIP.
Show this thread -
I find it interesting that Andrew Yang RT’ed this thread.
Show this thread -
The program would end Dec. 31, 2021, and would be *retroactive* to Jan. 1, 2020. So I *think* that means you’d get two years of $4,000 tax credits?
Show this thread -
Trump in May talked up the idea of an “Explore America” tax credit, which McSally’s bill resembles, as a boon to the hard-hit restaurant industry.
Show this thread -
The U.S. Travel Association has been lobbying for a $4,000 travel tax credit. Orlando Sentinel had this report last week:https://www.orlandosentinel.com/coronavirus/jobs-economy/os-ne-coronavirus-tourism-industry-tax-breaks-20200611-c67supauizcmjn7ze6rzrvpegq-story.html …
Show this thread -
Unlike a lot of tax credits (children, the pandemic stimulus checks, etc.) which phase out at higher incomes, I don't see an income cap in the bill.
Show this thread - End of conversation
New conversation -
-
-
So it’s a free Covid spreading vacation specifically for the richer half of the population. Great.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Oh so no vacation for lower income essential workers.... classic GOP thinking.
-
Nope but it'll be the lower income essential workers that will be serving them so at least they get to feel like they're a part of the vacation
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.