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CBO score of the Senate tax plan is jaw-dropping -- tax increases for poorest (due to elimination of indiv mandate), largest cuts for wealthiest https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/reconciliationrecommendationssfc.pdf …pic.twitter.com/ZkAYEbiC5o
GOP argues that CBO's score of eliminating indiv mandate is unfair. Here's the chart excluding that from the analysis https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53349-distributionalanalysisletter.pdf …pic.twitter.com/XbdPuRs23w
Someone voluntarily opting-out of costly ObamaCare plans doesn't equal a tax increase.
Very much according to GOP plan, in other words. They heed their 1% masters very well.
The Ivanka Loophole: The bill doesn’t just repeal the estate tax, but it retains stepped up basis for heirs. It means an unlimited tax-free capital gains windfall for the ultra wealthy. CGs on highly appreciated assets earned during the life of decedents will never be taxed!
Is that enough deficit that they can't ram it through with their 'budget reconciliation' cheats?
Brutal
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