Why is the #GOPTaxPlan overwhelmingly unpopular? It's a massive giveaway to the richest corporations & Americans & leaves working and middle-income families behind.
Show this thread
Republicans have done the impossible. The GOP tax CUTS are less popular than past tax INCREASES! #GOPTaxPlanhttps://fivethirtyeight.com/features/the-gop-tax-cuts-are-even-more-unpopular-than-past-tax-hikes/ …
-
-
-
Backwards priorities: The
#GOPTaxPlan gives PERMANENT benefits to those who need it the least—the top 1% and massive corporations. The middle class will see TEMPORARY benefits & many will end up paying MORE in taxes.Show this thread -
The $$ corporations get from massive tax cuts in
#GOPTaxPlan will reward their CEOs and stockholders. They will NOT invest in workers, research and development, or plant expansion. https://www.bloomberg.com/news/articles/2017-11-29/trump-s-tax-promises-undercut-by-ceo-plans-to-reward-investors …Show this thread -
#GOPTaxPlan will impose an Alzheimer’s tax of $90 billion on 9 million middle class families by denying tax relief for extraordinary medical expenses.Show this thread -
13 million Americans will lose their health coverage b/c of
#GOPTaxPlan & premiums will go up by 10%!Show this thread -
College will be less affordable b/c of the
#GOPTaxPlan. 12 million people will lose the ability to deduct their student loan interest from their taxes.Show this thread -
Grad students won’t be able to afford to stay in school w/
#GOPTaxPlan. It taxes their tuition waivers, increasing their tax burden by 400%. This destroys US innovation.Show this thread -
In the first year alone,
#GOPTaxPlan triggers $25B cut to Medicare—cuts that will only get worse over time.Show this thread -
#GOPTaxPlan makes our children & grandchildren pay for massive tax breaks for the richest Americans & corporations by saddling them w/ $1.7T in new debt.Show this thread -
#GOPTaxPlan is gift to the wealthiest. Preserves the carried interest loophole – letting hedge fund managers keep billions untaxed, with even Trump saying they’re “getting away w/ murder.”Show this thread -
GOP claims tax relief for small biz, but cuts for "pass-through" businesses mostly helps wealthy corporations & individuals--like Trump Organization. 70% of pass-through income goes to top 1%.
#GOPTaxPlanShow this thread -
Most egregious giveaway in
#GOPTaxPlan for the ultra-rich is elimination of the inheritance tax. Gives fewer than 3,000 families each year an extra tax break worth $151 billion.Show this thread -
Buried in the disastrous
#GOPTaxPlan is a provision to open up the Arctic National Wildlife Refuge to oil drilling. An incalculable cost to our heritage traded for pennies to Big Oil. Why risk this treasure when we are already awash in oil??Show this thread -
#GOPTaxPlan is a stealth tax on most Americans: In 2025, 22.5M families w/ incomes less than $200k face tax increases. In 2027, 37.8M families w/ incomes below $200k face tax increases.https://www.cbpp.org/blog/jct-millions-of-households-face-tax-increase-or-no-tax-benefit-under-senate-gop-bill …Show this thread -
America is falling apart and falling behind.
#GOPTaxPlan fails utterly to invest in America. Actively undermines our communities by taking away tools to build roads, bridges, utilities, airports.Show this thread -
#GOPTaxPlan would sharply limit the state & local tax deduction, taxing a tax and making it harder for communities to make up for lost federal support for local programs like education, transportation, environmental protection, & low-income housing.Show this thread
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.