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Originally Posted by Guest
By 2027, more than half of all Americans — 53 percent — would pay more in taxes under the tax bill agreed to by House and Senate Republicans, a new analysis by the Tax Policy Center finds. That year, 82.8 percent of the bill’s benefit would go to the top 1 percent, up from 62.1 under the Senate bill.
If future Congresses decide to extend the lower tax rates for individuals and families rather than allow them to expire, and also extends other temporary provisions, the bill will end up costing $2 trillion to $2.2 trillion, according to a report by the Committee for a Responsible Federal Budget, a nonpartisan deficit hawk group.
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AARP cautions Congressional leaders’ tax bill would trigger cuts to #Medicare by $25 billion. If these cuts go through, you could lose access to the doctors, hospitals and other health care services you count on.
The Tax Plan:
Step 1: Pass a tax bill that gives most money to wealthy and blows up debt by over $1.5 trillion
Step 2: Complain that the debt is too high.
Step 3: Cut Medicare, Medicaid, Social Security, and education programs
Step 4: Blame the elderly, minorities and the poor.