CURRENT TAX BREAKS FAR EXCEED ALL DISCRETIONARY SPENDING
“Tax breaks are expected to cost the federal government $1.22 trillion in 2015 – more than all discretionary spending in the same year. “… tax […]
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WHY TRUMP CARES ABOUT AMT: AMT KEPT TRUMP FROM A 3% TAX RATE IN 2005.
“According to a two-page excerpt from Trump’s 2005 taxes mailed anonymously to Pulitzer Prize–winning investigative reporter David Cay Johnston and published Tuesday by DCReport.org, Trump’s […]
REPUBLICAN/TRUMP TAX PLAN NOT TO BENEFIT THE MIDDLE CLASS, BUT THE MOST WEALTHY
A report from the non-profit Washington-based Tax Policy Center found that taxpayers in the top 1 percent income bracket – above $730,000 – would receive […]
THERE’S NO ECONOMIC STIMULUS FROM REPATRIATING PROFITS, “TAX HOLIDAYS” AND “BRINGING MONEY BACK”
The pledge or promise from corporations is to increase employment, raise wages, spend more on R&D and a “stimulate” the economy, i.e. economic growth. In […]
REPUBLICAN/TRUMP TAX REFORM ADDS TRILLIONS TO THE DEFICIT
The nonpartisan Tax Policy Center puts REVENUE LOST from the Trump/Republican blueprint at $5.6 trillion over 20 years. Specifically, “we find they would reduce federal […]
TRUMP/REPUBLICAN TAX REFORM INCREASES TAXES FOR SOME IN THE MIDDLE CLASS, PROVIDES FEW REDUCTIONS FOR THE MIDDLE CLASS. BIG CUTS FOR THE MOST WEALTHY.
A report from Committee for a Responsible Federal Budget said about 12 percent of taxpayers would face an average tax increase of roughly $1,800. This […]
ONCE IN A LIFETIME OPPORTUNITY TO CONCENTRATE WEALTH, INCREASE INEQUALITY, MOVE MORE MONEY TO THE MOST WEALTHY AND GUT OUR DEMOCRACY
“Why am I here?” Steven Cohn said in response to a question by the New York Times’Jeff Zeleny. “I am here just for this reason. Think […]
TRUMP/REPUBLICANS’ PLAN TO ADD $ 1,500,000,000 (TRILLION) TO NATIONAL DEBT FOR THE MIDDLE CLASS PAY
The 89-page Republican Senate Budget Committee legislative 2018 budget resolution text includes reconciliation instructions that allow the Senate Finance Committee to add up to $1.5 […]
FOOL ME ONCE, SHAME ON YOU. FOOL ME TWICE, SHAME ON ME.
65 YEARS OF TAX CUTS FOR THE RICH, NO EFFECTS ON ECONOMY “Top income tax rates have changed considerably since the end of World War […]
24% TAX CUT FOR PASS THROUGHS: HOW DOES THAT SOUND?
Trump/Republican bill would cut the rate on “pass through” income for “small businesses”. “…[T]wo-thirds of [pass-through] business income is reported by households making $292,000 or […]