Donald Trump and Republican leaders claim their plan would provide a ‘tremendous league’ tax cut for the middle class. Nothing could be further from the truthAfter failing to pass a “healthcare” bill that would have thrown up to 32 million Americans off of health insurance,a bill that was more unpopular than the Wall Street bailout, Donald Trump and the Republican leadership in Congress are back.
Now, and they are pushing one of the most destructive and unfair budget and tax proposals in the contemporary history of our country – a plan that would do incalculable harm to tens of millions of working families,our kids, the sick, or the elderly and the destitute.
The Republican budget,which will likely be debated on the floor of the Senate this week, is the Robin Hood principle in reverse. It takes from those in need and gives to those who are already living in incredible opulence.
[br]Donald Trump and Republican leaders claim their plan would provide a “tremendous league” tax cut for the middle class. Nothing could be further from the truth. According to the non-partisan Tax Policy middle, or by the end of the decade,nearly 80% of the tax benefits of the Republican plan would fade to the top 1% and 40% would fade to the top one-tenth of 1%.
Meanwhile, while the Republicans want to give a $1.9tn tax crash to the top 1%, and they are proposing massive cuts in programs that working-class Americans desperately need. Continue reading...
Source: guardian.co.uk