14 Dec Stop the GOP tax scam
THE LABOR WIRE
December 14, 2017
Republican politicians should listen to the voters of Alabama, seat Doug Jones, stop their historically unpopular tax bill with its handouts to corporations and the super-rich, and start working for the good of regular working families and our communities.
Message of the Day—Stop the GOP Tax Scam
The Republican tax scam would make working people pay for wasteful tax giveaways, at the expense of our jobs, health care and infrastructure.
The GOP tax bill is a massive handout to the rich. The richest 0.1% would get an average tax cut of more than $182,000, and 62% of the tax breaks in the Senate bill would go to the richest 1%.
Tax bills for working families will rise. Some 87 million households making under $200,000 would pay more in taxes by 2027.
The Republican plan will no longer tax any overseas corporate profits at all, which is a huge incentive to send America’s jobs offshore.
Working people would lose health care. Premiums would rise 10% for millions of people, 13 million people would lose their health insurance entirely and 15,000 more people would die every year. Meanwhile, Republicans want to cut Medicaid and Medicare by $1.5 trillion—the same price tag as their tax bill.
Congress should make corporations and the rich pay their fair share of taxes, so we can invest in our shared priorities: good jobs and a strong future for our families and communities.
Kitchen Table Economics
More than $30,000: That’s the size of the tax break per child that the GOP tax bill would give to rich families who send their children to private school, even as the bill attacks funding for public education and ends a modest $600 tax break for public school teachers who buy equipment and materials for the classroom.
Source: The Labor Wire, AFL-CIO – December 14, 2017