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GOP Tax Plan Hurts Middle Class PDF Print E-mail
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Written by Wisconsin Senate Democrats, Kate Constalie   
Sunday, 19 November 2017 11:39

money-behind-politicsCongressional Republicans pass tax bill that favors top 1%. Proof is in how the savings of new tax brackets trade off against lost deductions for the middle class taxpayer.


MADISON, WI – Despite overwhelming opposition from working families, seniors, farmers and homeowners, Congressional Republicans passed the Ryan-McConnell Tax Plan. The plan would raise taxes on the middle class and working families while giving tax cuts to the wealthiest.

jennifer-shillingSenate Democratic Leader Jennifer Shilling (D-La Crosse) released the following statement:

“Whether it’s health care repeal or a tax plan that favors the wealthy, Republicans continue to push dangerous policies that hurt working families. The opportunity to achieve the American Dream is out of reach for far too many families because Republican tax policies favor the wealthy. Our economy works best when everyone gets a fair shot and everyone plays by the same rules. Rather than more Republican tax breaks for the wealthy, Democrats want to restore tax fairness and create a better deal for communities, seniors and working families.”

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Editor's Note; Despite rhetoric by Republicans in Washington, the real impact of the proposed tax plan on the middle class taxpayer (income $80-200K, especially home owners) has to be viewed in how the savings of new tax brackets trade off against lost deductions. One good example is currently going around on FaceBook and is presented below.

Thank you to Columbia grad student Amanda Rose for sharing her powerful story which illustrates the devastating impact the tax bill have on graduate students and academic research.

tax-example-web1

Rather than simply accepting the generalities being spread on TV, go back to your own tax returns and figure out how you would be affected. You may be surprised.

Last Updated on Sunday, 19 November 2017 12:13
 
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