It’s worse than we thought. News from the non-partisan CBO
According to a new Congressional Budget Office report, this bill hurts working families even MORE than originally thought. Make less than $30K a year? You’ll pay more as soon as this scam takes effect in 2019. Make less than $40K? You’ll pay more by 2021. Make less than $75K? You’ll pay more by 2027. But if you are a Wall Street billionaire, own a private jet, or run a corporation? Then you’re a winner. – Alert via Working Families, an Indivisible partner in the Resistance.
CBO-Congressional Budget Office Analysis of Tax Bill
Go to Primary sources.
I heard last night Senators debate Tax Reform. Independent Bernie Sanders, Democratic Maria Cantrell vs. Republicans Ted Cruz and Tim Scott. I was shocked to hear Cruz and Scott continue to bamboozle the audience that struggling single moms will keep more of their money. The Republicans used false interpretations of the Tax Policy Center report. Alternate facts confuse people. Go to the original sources yourself:
Tax Policy Center: Distributional Analysis of the Tax Cuts and Jobs Act on Nov. 20. Initial summary: “We find the bill would reduce taxes on average for all income groups in both 2019 and 2025. In general, higher income households receive larger average tax cuts as a percentage of after tax income with the largest cuts as a share of income going to taxpayers in the 95th to 99th percentiles of the income distribution. On average in 2027, taxes would rise modestly for the lowest income group, change title for middle-income groups, and decrease for higher income groups. Compared to current law, 9% of taxpayers would pay more in 2019, 12% in 2025, and 50% in 2027.” (italics are mine)
What’s that again?
The Tax Scam, over a decade, will hike taxes for half of the population! (Hint: not the wealthiest.)
Don’t miss the Tax Policy Center’s excellent chart of Percent Change in After Tax Income in income categories from lowest 20% to highest 0.1%.
A particularly tricky bit in the bill is that for one year only, 2018, low-income earners will see a small decrease in their taxes when they file in April, 2018. Was this deviously designed by the Trump and the GOP so that 6 months after they’ll remember they got a break when they vote in the November 2018 elections? It seems so. Why else would their small break expire in 2019!?
ACTION
Please make as many calls as you can to Republican Senators on the fence in those states listed above. It’s EASY.
- Go to SENATE.GOV On the top right you see Find Your Senators. Click and you then choose by name or state. A toll free # comes up to tap (if you are on your phone) and get connected. And/or you can tap the option to email your message.
Use your own words to address their main issue, as well as how the tax scam affects you. Mainly just say: VOTE NO! All Americans can call because the bill affects all Americans and the fabric of our country.
2. Call activists in those key states and ask them to call.
2. Share the list of wavering Republican Senators on your own social media, email, etc. and ask others to call.
Let’s push these Senators over the fence to the side of tax justice!
Insight to Action 