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.
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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.
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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
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It seems we are moving closer to Sweden on this.
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