To all Republicans, Democrats, and voters, this administration is trying to sneak through the largest giveaway to the rich ever, the Trump tax plan.
Let me just show you some of the giveaways the media aren’t reporting on.
1. Well, let’s try to get the college students involved under this new absolutely, wonderful, totally awesome tax plan—college students will not be able to write off the interest on their student loans anymore.
2. This awesome truly magnificent tax plan will only raise the deficit by $1.7 trillion over the next 10 years. Republicans always pride themselves in being fiscally responsible; nothing could be further from the truth. Before Ronald Reagan and his tax breaks and spending, we were the No. 1 creditor in the world. Meaning we lent billions of dollar to other countries. After Ronald Reagan, we were the No. 1 debtor in the world and have been there ever since.
3. Schoolteachers will not be able to write off the school supplies that they buy out of their own pockets for their students. Really just so some rich a-hole can get richer, go after the kids and schoolteachers. All schooling should be free as they do in Scandinavian countries, they call it investing in the future and, yes, we can afford it no problem.
4. With this giveaway to the rich, it will limit our funds to deal with natural disasters. Every year natural disasters are, for a fact, getting worse from global warming and are not going to get better any time soon.
5. To all you wealthy Californians, it will eliminate the federal deduction when you already pay some of the highest tax rates in the country.
7. All you grad students, your stipend and your college tuition will be taxable. So double or even triple your taxes. Stipend $32,400, tuition $43,000, together is $75,400. Your estimated taxes on that are $10,209 a year.
8. The top 1 percent will get a 20 percent decrease in their taxes and they will do away with the estate tax. The rich getting richer and they just hoard it. Plus there are many hidden loopholes not yet disclosed.
Once a law is passed it is nearly impossible to get it repealed. Please contact every senator and congressman, go online and tell them no.
This article appears in Dec 21-28, 2017.