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WaysandMeansGOP's profile
Ways and Means
Ways and Means
Ways and Means
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@WaysandMeansGOP

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Ways and MeansVerified account

@WaysandMeansGOP

The Senior Committee, with jurisdiction over taxes, trade, healthcare, welfare, and Social Security

Washington, D.C.
waysandmeans.house.gov
Joined January 2008

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    Ways and Means‏Verified account @WaysandMeansGOP 27 Nov 2017

    "The number of Americans foregoing the standard deduction to claim itemized deductions will fall from just over 26% today to less than 8% under tax reform. Put another way, almost 92% of taxpayers will choose the standard deduction in tax reform."https://www.forbes.com/sites/ryanellis/2017/11/22/nine-in-ten-will-claim-the-standard-deduction-under-tax-reform-according-to-new-white-house-study/2/#feb67b613ba3 …

    10:51 AM - 27 Nov 2017
    • 15 Retweets
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    • priya parth LesPaul❤️🇺🇸 Another Epic Day Carol Bergman Barbara Mitchell🌟🌟🌟 MaryHarper Liverpool Fútbol Sharon Wood LeslieSDiamond🇺🇸✡👠
    18 replies 15 retweets 16 likes
      1. I once was Hurricane Chris  🤔‏ @cdw 27 Nov 2017
        Replying to @WaysandMeansGOP

        Funny how when you take away a lot of deductions that people will "choose" for the standard deduction. Reality is they will be forced to take it.

        0 replies 0 retweets 1 like
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      2. Jamie Garwood‏ @garwoodj 27 Nov 2017
        Replying to @WaysandMeansGOP

        Honestly, does the GOP think it’s fair to treat everyone’s financial situation the same. Someone with student loan debt is treated exactly like someone who has none. They don’t have the same economic circumstances

        1 reply 0 retweets 0 likes
      3. Blue Bear‏ @tedbogart 27 Nov 2017
        Replying to @garwoodj @WaysandMeansGOP

        Doubling the standard deduction is like letting you deduct all kinds of other stuff, including student loan interest, all in one line, without any additional computations or any required documents or 1099 forms.

        1 reply 0 retweets 0 likes
      4. Jamie Garwood‏ @garwoodj 27 Nov 2017
        Replying to @tedbogart @WaysandMeansGOP

        I get how it works. But if 2 people have the same w2 info & one has student loan interest & the other doesn’t- they do not have the same real income. This plan treats them like they do. The same for everyone is actually not equity

        0 replies 0 retweets 1 like
      5. End of conversation
      1. FactsMatter101‏ @FactsDoMatter10 29 Nov 2017
        Replying to @WaysandMeansGOP

        The reason 92% will file the standard deduction in the future as you have eliminated most other deductions!

        0 replies 0 retweets 0 likes
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      1. Donald Brown‏ @GadgetDon 28 Nov 2017
        Replying to @WaysandMeansGOP

        And that 8%, who cares? They're little people, it's OK to step on them.

        0 replies 0 retweets 0 likes
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      1. john kiger‏ @johnkiger2 28 Nov 2017
        Replying to @WaysandMeansGOP

        why do dems think u get basic deduction . then itemized on top of it . and not one or the other ?

        0 replies 0 retweets 0 likes
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      1. Jack Brooks‏ @MJBJD 27 Nov 2017
        Replying to @WaysandMeansGOP

        But small biz, 70% job creator, owners who don't use the standard deduction will pay more taxes so fewer jobs created, Oops

        0 replies 0 retweets 0 likes
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      1. Barbara Mitchell 🌟 🌟 🌟‏ @Barbara99576903 27 Nov 2017
        Replying to @WaysandMeansGOP @RepKevinBrady

        Pass the tax change! Stand behind your president!

        0 replies 0 retweets 0 likes
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      1. Georgia Stein‏ @GStein269 27 Nov 2017
        Replying to @WaysandMeansGOP

        CBO, the Tax Policy Center and the Tax Foundation find themselves all in agreement- The Senates bill will increase tax on middle America, and hurt the poor Perhaps that is why you have tried to use Forbes to shed some kind of positive light But as you always do, you twisted facts

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      1. Georgia Stein‏ @GStein269 27 Nov 2017
        Replying to @WaysandMeansGOP

        And, lets not let your readers think you have done anything but increase taxes for small business-http://www.taxpolicycenter.org/taxvox/senate-tax-bill-would-impose-high-marginal-tax-rates-some-pass-through-owners …

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      1. Bob Hoppenworth‏ @BobHop62 27 Nov 2017
        Replying to @WaysandMeansGOP

        Odds are 18% who quit itemizing, + the 8% are all getting a tax hike due to deductions taken away. Unless they are among 1%ers who don't have to pay the AMT or an estate tax. So ~25% of folks getting a hike transferring wealth to corporations. All ok cause mostly blue staters

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      1. Georgia Stein‏ @GStein269 27 Nov 2017
        Replying to @WaysandMeansGOP

        Forbes does not write the fact as a positive. In fact Forbes beleives the tax bill the end of all economic sanity.https://www.forbes.com/sites/stancollender/2017/11/19/gop-tax-bill-is-the-end-of-all-economic-sanity-in-washington/#5c03ad7e77ef …

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      1. Georgia Stein‏ @GStein269 27 Nov 2017
        Replying to @WaysandMeansGOP

        And, will regret it when the standard deduction is changed and they realize you stole from them.

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      1. FactsMatter101‏ @FactsDoMatter10 27 Nov 2017
        Replying to @WaysandMeansGOP

        pic.twitter.com/34tDEr8tJg

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