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re: Senate GOP passes budget bill allowing them to pass Trump tax plan without any Dem votes
Posted on 10/20/17 at 11:28 am to udtiger
Posted on 10/20/17 at 11:28 am to udtiger
quote:
Regardless, reducing corporate tax rates
You do realize that corporations don't pay anywhere NEAR the marginal tax rates that the Republicans are screeching about? Due to all the tax breaks and loopholes, corporations ALREADY are getting a windfall. And it's totally untrue that the U.S. is the highest taxed in the industrial world, anyway. That is another one of Trump's bald-faced lies.
quote:
You do realize that the rate that will apply to most of their income will only be reduced to 35% from 39.5%,
And you do realize the 39.5% rate only affects the affluent, right? If the Republicans want to spout off about how this is a "middle-class" tax cut, why not MAKE it truly a "middle-class" tax cut, and target it only at the middle class?
Besides, Trump is pushing for much deeper tax cuts than that, and you well know it. He and the Republicans are also pushing to do away with the federal estate tax, which definitely only affects the very, very wealthy. Doing away with the estate tax will not help the middle-class at all, since only 1 in 1,000 American households are affected by it.
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