Everyone hates Trumps godawful tax plan except the GOP donor class

[applegrove]

MATTHEW SHEFFIELD at Salon

https://www.salon.com/2017/09/28/even-trumps-base-hates-his-tax-plan-which-only-helps-the-super-rich/

"SNIP.............

After eight years of upbraiding former President Barack Obama for not offsetting new spending with budget cuts elsewhere, Republicans now seem to have abandoned the idea of making tax reform revenue-neutral. The Committee for a Responsible Federal Budget, a bipartisan advocacy organization that promotes balanced budgets, released an estimate of the proposal indicating it would increase the federal deficit by about $2.2 trillion within the next 10 years. According to the group's estimate, the proposal would increase the national debt to more than 100 percent of the gross domestic product, an all-time high.

While there are some provisions within the proposal which could lower taxes for some lower- and middle-income people, the tax outline's promises of "doubling" the standard tax deduction for everyone is not entirely true, as Business Insider columnist Josh Barro has observed.

Because the legislative outline does not give full details as to what measures it envisions to increase revenues, it is not clear what kinds of tax hikes will end up within the final product. One group likely to be negatively impacted by the proposal will be residents of states and localities with higher property and income taxes. Under current law, tax filers are allowed to deduct levies paid to state and local governments from their federal taxes. The idea seems to be causing mass outrage in California, as Los Angeles Times writer Jim Puzzanghera reports. The National Conference of State Legislatures released a statement on Wednesday saying it was "dismayed" with this aspect of the Republican plan.

In his Indianapolis speech, Trump called on Democrats to help him pass the plan. But his explicit threat against Sen. Joe Donnelly, a Democrat who represents Indiana in the Senate, seemed to belie that point.


.............SNIP"

[DK504]

1. As we already knew this piece of shit idea of his

would be a windfall for the top 1%. Everyone would be screwed and they are completely unaware of what is coming. They are soooo happy with their chest beating over the standing for the national anthem they don't know they are about to lose their asses.

[Wellstone ruled]

2. Kock Brothers lead

Lobbyist unveiled this POS earlier this year at a Meeting in Colorado Springs.

[maxrandb]

3. And that's why it will pass the GOP controlled Congress

[Demsrule86]

4. I don't think it will pass.