Originally Posted by Guest

The Trump-Republican tax plan would eliminate numerous deductions designed to help middle-class families, but protects write-offs that benefit the top one percent and wealthy corporations. Trump himself has used many of these deductions to pay little or no taxes over the years. Here are a few:
1) The bill keeps a loophole that golf-course owners use reduce their tax burden. By claiming the course is a conservation project, owners can save millions of dollars on their taxes. Trump uses the benefit at his clubs in New Jersey and Florida.
2) Loopholes that benefit real-estate developers are also untouched. Under the plan, developers like Trump would still be able to deduct their interest expenses on multi-million dollar commercial loans.
3) On the campaign trail, Trump said he’d close “special interest loopholes that have been so good for Wall Street investors but unfair to American workers." But his tax bill still retains the “carried interest” loophole that benefits Wall Street private-equity and hedge fund partners. Real estate developers also frequently to take advantage of this tax trick.
If you're rich like Donald Trump this plan protects your favorite deductions, lowers your taxes even further, and creates news loopholes. But if you're middle-class or poor the plan would eliminate deductions, increase your taxes over time, and make it harder to claim other benefits. It's a complete sham.

Originally Posted by Guest

There should be so much Republican outrage with a plan that increases the deficit period. How many times did we hear the whine of that song?

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