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Trump & GOP Bring Pain-Georgia Middle Class/Poor
Last comment by timeontarget 4 days, 18 hours ago.

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15 Things in the Trump Tax Plan That Will Hurt the Average American.


1. Families with children pay more

House Speaker Paul Ryan (R-WI) made his case for the tax plan in front of reporters on November 9. When asked about the richest Americans benefiting most, Ryan cited some numbers, beginning with the standard deduction. Right now, a married couple with two kids can immediately knock $13,000 off their income. Under the GOP plan, that couple would be able to instantly deduct $24,400, Ryan said.

So that’s good, right? If the story ended there, it would be great. However, Ryan did not mention his plan would end the personal exemption. According to the Institute on Taxation and Economic Policy, the $4,150 deduction for each family member will disappear. For a family of four, the parents could deduct $29,600 under the current system. So they would lose $5,200 in exemptions under the Trump plan in the House

2.The tax hike in 2023
What a difference a week makes. On November 6, Paul Ryan told Fox News that “everyone enjoys a tax cut across the board” with his plan. When fact-checkers at The Washington Post asked him to clarify, Ryan’s spokeswoman said the Speaker “misspoke.” Considering how many people will see their taxes go up because of the GOP plan, it was quite a misstatement.

Congress’s Joint Committee on Taxation showed taxes going up for over 10 million Americans by 2023. When the law kicked into gear in 2019, everyone would see a tax cut. Then, four years later, those earning between $20,000 and $40,000 would see their taxes go up again. However, if you earn over $1 million, don’t worry — your taxes will go down every year over the next decade.

3.Ending deductions for senior care
Current tax policy allows seniors (and everyone else) to deduct expenses for medical care when paying over 10% of income in a tax year. This deduction makes lives affordable for seniors who have to pay for inpatient care as well as nursing home fees for spouses and dependents. The House GOP tax plan would simply eliminate that deduction.

Readers of “The Color of Money” finance blog told Michelle Singletary what that change would mean to them. A Georgia woman with both parents in assisted living described the potential changes as “catastrophic.” A South Carolina man expected to pay another $6,750 in taxes. A 78-year-old North Carolina man who deducted $12,000 in 2016 expected his tax burden to go up by 23%. Seniors would hurt badly here.

Please click the link below to read the other 12!

https://www.cheatsheet.com/money-career/things-in-the-republican-tax-plan-that-will-hurt-the-average-american.html/?a=viewall

The Senate Republican tax plan would harm the poor while slashing taxes for the rich, according to a report from the nonpartisan Congressional Budget Office published Sunday.

https://www.aol.com/article/news/2017/11/27/senate-republican-tax-plan-hurts-the-poor-while-cutting-taxes-for-the-rich-cbo-finds/23289281/



Latest Activity: Nov 28, 2017 at 10:16 AM


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PoliticsNation commented on Tuesday, Nov 28, 2017 at 10:22 AM

Congress recently allowed the Children’s Health Insurance Program, which provided low-cost health insurance to 9 million children, to expire. Why? I'm glad you asked; Tax Cuts for the RICH-TOP 1% & TRUMP FAMILY.

This hits home. Below the Number of children in Liberty, Long, and Wayne that rely on the program.

Georgia Liberty County 26% rely on the CHIP program
Georgia Long County 36% rely on the CHIP program
Georgia Wayne County 38%

https://ccf.georgetown.edu/wp-content...

If action is not taken soon to restore the funding, the effects will become obvious in schools across the country, with many of the children in the program unable to see a doctor for routine checkups, immunizations, visits when sick and other services.

9 million kids get health insurance under CHIP. Congress just let it expire. http://wapo.st/2yQir0K?tid=ss_tw&utm_...

CHIP funding not renewed by GOP-controlled Congress

http://www.msnbc.com/am-joy/watch/chi... via @msnbc

gacpl commented on Tuesday, Nov 28, 2017 at 10:44 AM

Most of the lower income family's your talking about pay NO taxes. They get more money back then they put in thru the year. The people making million+ already pay too high of a percent. How would you like having the government take half of what you earn every year?

PoliticsNation commented on Tuesday, Nov 28, 2017 at 11:00 AM

GACPL--This relates to people that work and pay taxes. You are misinformed. Also, we spend more on Corporate welfare than social. The rich don't need any more tax breaks. The middle class and the working poor will suffer--that includes most of YOU/US on this site!

Tens of billions in 'corporate welfare' about to be exposed like never before http://cnb.cx/2wb0Zmn

wood17 commented on Tuesday, Nov 28, 2017 at 11:30 AM

According to the US Census bureau, 20% of Liberty County residents are below the poverty line. No they do not pay income taxes. I am for a tax cut across the board for everyone. Weak kneed Republicans actually listen to these BS scare tactics and lose one of the only differences they have with Democrats. They used to support lower taxes. What PN is not telling everyone is that her arguments are all a smoke screen. She and other liberals are using the scare tactic of the CHIP program to try and protect OBAMACARE. If Republicans had any guts they would remove the individual mandate. Lowering the threshold from 90 days to 30 to pay OC premiums is an absolute joke.

PoliticsNation commented on Tuesday, Nov 28, 2017 at 11:38 AM

Deflection isn't an explanation. This has nothing to do with Obama or Obama care. This has to do with PERMANENT tax cuts for the rich on the backs of everyday working people. Stay on topic, please.

However, when conservatives have no explanation regarding the topic they deflect to Obama, Obamacare, the media Hillary or the NFL.

The talking point is getting old.

wood17 commented on Tuesday, Nov 28, 2017 at 12:07 PM

This has everything to do with Obamacare. Democrats aren't against tax hikes. The individual mandate only passed Supreme Court muster as being constitutional because they deemed it was a tax. It wasn't a tax on high earners. The individual mandate was a tax on young and poor people no longer on their parents' plans. If Obamacare was the savior of children the CHIP program would be obsolete. There would be no need for it. Sadly it is imploding. Democrats use the tax fight with fake outrage to knock Republicans over a bill that has not passed yet. Like I said,I support a tax break for everyone. Poor people will NOT get a tax increase. PN is deflecting the fact that while planning to fund the CHIP program, they are also seriously considering including the repeal of the Individual Mandate of OBAMACARE. Without it, the law and it's funding mechanism are essentially destroyed. Don't deflect. This isn't about the CHIP program that the Republicans intend to fund. This isn't about raising taxes. Democrats have no problem with raising taxes. Democrats plan to vote against the CHIP program to save the individual mandate.

Funkentelecky commented on Tuesday, Nov 28, 2017 at 13:04 PM

Woid17 you are an open minded person that looks at the broader picture and understands rule of law and the ins and outs of the "Swamo"

Here's another fact of the matter that gets lost in the sauce of liberal progressive hypocrisy. They say the middle class tax cuts will expire while the corporate rates are permanent. I have worked for a corporation and corporations need concrete legislation to make long term investment plans and these plans are huge and real unlike government entitlements. When the time comes for the middle class tax cuts to expire who won't vote to extend it. Definitely not the Democrats right PN. Just like the Bush tax cuts Obama raised the top earners and kept the middle class in place. Smoke and mirror Democrats and PN is there puppet

PoliticsNation commented on Tuesday, Nov 28, 2017 at 16:51 PM

When the GOP gets behind a bill, make no mistake, that bill was written not by them but by their donors. They wanna make a bunch of rich folks who just want MORE get richer. And the people arguing with me on this blog..wil not benefit from any of this.

PoliticsNation commented on Tuesday, Nov 28, 2017 at 16:56 PM

More
House Republicans are giving a permanent tax break for corporations, but won’t let teachers keep a $250 deduction for school supplies.

PoliticsNation commented on Tuesday, Nov 28, 2017 at 17:03 PM

I post facts. Notice they never dispute me with facts....just slick talk. And I has I stated earlier none of them will benefit from Trump's tax plan.

PoliticsNation commented on Tuesday, Nov 28, 2017 at 17:19 PM

Life outside of rural GA...here is how everyday Americans really feel about the bill.

https://twitter.com/HouseGOP/status/9...

wood17 commented on Tuesday, Nov 28, 2017 at 18:21 PM

I will benefit from the bill. Like I said though PN I am very much for tax cuts across the board. I do not dispute that donors influence all legislation. Corporations are small companies too. Most people only file as a corporation for liability purposes. It is much more cost effective to be a sole proprietorship. You can take personal drawings instead of a regular paycheck or dividend. You can deduct a larger group of personal expenses. Lawyers and premises liability simply do not allow certain companies to run the risk of working as sole proprietorships. The consequences are dramatic. I believe that Trump would like more to be accomplished for everyday Americans and small businesses. I will not say that this plan will be worse for a majority of Americans. That is simply not true. It does irritate me however that more cuts are not being made. It is not the governments money. It never was. Corporate welfare was on display in Hinesville to get the Oglethorpe Square project done. Small independent companies in Liberty County did not get the same tax considerations. I didn't hear a peep from any one of the progressives then. They were all touting what a progressive city they were and how they were getting things done.

timeontarget commented on Tuesday, Nov 28, 2017 at 18:37 PM

Government employees simply fail to understand these things wood.

PN where do you receive your paycheck from?

PoliticsNation commented on Wednesday, Nov 29, 2017 at 06:46 AM

@Wood-- that means you fall into the top 1% earners/rich category.

1. How many jobs are you going to create/bring to the community as a result of this tax cut?

2. Will your paralegals/staff receive a raise?

@tot- We've come a long way, You are giving me credit for working and paying taxes! I have a private practice and I provide consulting services to agencies in GA, SC. and FL. The question I propose to you--do you rely on Social security or Medicare/Medicaid at this stage in life?

PoliticsNation commented on Wednesday, Nov 29, 2017 at 06:49 AM

@Wood--if the local officials are spending out of control why not address it on the blog? It appears the folks on the blog only want to comment and tackle issues in Washington.

timeontarget commented on Wednesday, Nov 29, 2017 at 06:58 AM

PN yes I get a small check from Social Security and I have medicare. These funds are not provided by the government. Me and my employers bought and paid for these services.

Government employees are paid with funds collected from corporations and individuals employed in commerce (free enterprise).

PoliticsNation commented on Wednesday, Nov 29, 2017 at 07:15 AM

@tot--government employees also pay into those same funds...what are you talking about? Maybe in the days gone they didn't but they do now! Sorry to tell you but those funds come from the government!

TOT you are fighting against your own interest and you have no clue. Sad. I will educate you on this shortly.

timeontarget commented on Wednesday, Dec 06, 2017 at 14:03 PM

Government employees at any level may have income tax deducted from their gross salaries but their gross pay comes from funds received from business both corporate as well as sole proprietorship.

The only real revenue that governments operate on is derived from free enterprise.


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