Tax Reform: What’s in It for You

the Republican-led Senate passed a critical tax reform bill that will help make America an economic powerhouse again. We did that by putting more money into the pockets of hardworking families and small businesses

.. Since Republicans in Congress began working on tax reform with the Trump administration, everyone has agreed that middle-class families must be at the heart of our plan.

.. Our bill doubles the child tax credit, preserves the adoption tax credit for families that open their homes to children in need, and roughly doubles the standard deduction. Under the plan we passed, a median-income family of four could see a tax cut of nearly $2,200—money it could use for anything from helping a child through college to saving for retirement.

‘I don’t think it’s going to help’: In a pro-Trump area, many voters are skeptical of GOP tax plan

“The separation between the middle class and the upper class, it’s growing, and I don’t think it’s a coincidence. . . . It’s easier to control people when they’re under your thumb.”

..  if the middle class really stood to benefit from this tax plan, Republicans wouldn’t have worked behind closed doors and rushed to pass it.

.. As Johnson has watched interviews with Republican lawmakers, he said, he has noticed that they can’t answer this simple question: “Is this going to help the middle class?”

“I don’t even get upset anymore, because they’re not going to listen,” said Johnson, who traveled to Sterling Heights on Wednesday to do some Christmas shopping at Lakeside Mall. “They don’t care. There’s nothing else to say. They just don’t care.”

 

McCain could save the country from this terrible tax bill

In 2010, he told Fortune magazine that the nation was “sleep-walking toward a debt crisis,” and he foresaw calamity on a grand scale. “Within a few years a sale of government bonds will fail,” he said. “The capital markets will go crazy, and the Fed and Treasury will run to Capitol Hill demanding a giant bailout.” Wow.

He offered much the same view in 2011. “We face a crushing burden of debt, which will take down our economy,” Ryan predicted. “It will lower our living standards.”

.. When it comes to the middle class, by the way, this proposal doesn’t even deserve to be called a tax cut. According to the Tax Policy Center, it would leave about half of taxpayers paying more by 2027.

Republicans are lying coming and going. They hold down the sticker price of the bill and minimize its impact on the deficit by having the middle-class tax cuts (but not the corporate reductions) expire. But they insist that future Congresses would keep the middle-class tax cuts in place.

So they are either lying about the deficit or misleading the middle class.

 .. As soon as Republicans shovel every dollar they can to the people who pay their party’s bills, he’ll dust off those old the-sky-is-falling quotes and warn about the deficits he helped to bloat. He’ll tell us how urgent it is to slash Medicare, Medicaid, Social Security and programs for the needy (although he’ll try to bamboozle us again by claiming to be only “reforming” them).
.. What can stop this duplicitous raid on the federal treasury? A mobilization at the grass roots