Tax hike reports throw Republicans on political defensive

[Amica Nostra 4,803]

President Donald Trump and other Republicans promised to make the middle class the focus of their tax plans.

 

By BRIAN FALER

 

11/07/2017 02:24 PM EST

 

Updated 11/07/2017 07:04 PM EST

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House Republicans are on the defensive after a new analysis, the latest in a string, shows that some middle-income people would see tax increases under their plan to rewrite the tax code.

While most taxpayers — 61 percent — would see their taxes fall in the next two years, almost one-fifth would pay higher taxes by 2027, the Joint Committee on Taxation said Tuesday.That year, 46 percent would get a tax cut while more than one-third would see only minimal changes in their tax bills, totaling less than $100.

It promises to be an explosive issue, especially given President Donald Trump and other Republicans’ promises to make the middle class the focus of their tax plans.

https://www.politico.com/story/2017/11/07/gop-on-defensive-analysis-tax-hike-244642

 

[Sonea 138]

Tax Reform Needs the following:

 

1. Lower Corporate taxes 5%

2. Add an additional Capital Gains Tax of 25% over 1 million

3. Add an additional Capital Gains Tax of 30% over 3 million

4. Remove the cap for social security tax

 

 

[Amica Nostra 4,803]

1 minute ago, Sonea said:

Tax Reform Needs the following:

 

1. Lower Corporate taxes 5%

2. Add an additional Capital Gains Tax of 25% over 1 million

3. Add an additional Capital Gains Tax of 30% over 3 million

4. Remove the cap for social security tax

 

 

 

cut corporate taxes and increase taxes on me?  Nope.