tax cuts Tag

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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. Take Action Save our jobs! Reject the GOP tax scam!                   Source:  The Labor Wire, AFL-CIO - December 14, 2017...

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14 Nov Fighting Tax Cuts for the Rich

America’s labor movement is focused on fighting the $1.5 trillion tax cut from the House GOP because it would reward outsourcing, slow down economic growth and overburden the middle class. It’s time for Congress to tax Wall Street and CEOs to create jobs, build vital infrastructure and prepare our people for the work ahead. Message of the Day—Fighting Tax Cuts for the Rich The AFL-CIO and our allies are fighting for tax and budget policies that meet the needs of working people. Real tax reform will close the loopholes that give massive tax breaks to companies that outsource jobs and profits, and require millionaires and Wall Street to pay their fair share. Responsible lawmakers will use tax revenue to create good jobs for working people now and in the future, while still funding critically important programs like Social Security, Medicare and Medicaid. The $1.5 trillion tax cut hailed by House Republican leaders isn’t reform. It’s just another giveaway to the rich and powerful, while working people pay the tab. Kitchen Table Economics No: That’s the answer to this question: Will the $1.5 trillion House GOP tax cut create jobs? Take Action Tell Congress to Reject the GOP Tax Bill!         Source:  The Labor Wire, AFL-CIO...

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