Making people pay taxes on student loan interest
Repealing education incentives
Repealing state income and sales tax reductions
Repealing the medical expense deduction
Repealing the phase-out of deductions as your income goes up
Repealing the moving expense deduction
Phase-out of the estate tax
Repeal of the tax credit for testing for rare diseases
Repeal of the law preventing churches from making political statements
Oh, so if your house is more than $500K your taxes go up on that. Which is basically cities and near the coast getting screwed to transfer that to rural areas. Or blue areas giving money to red areas.
"[The House and Senate are each coming up with a great tax] plan, and they're going to be put together, and something's going to come out of that that I think will be really, really…something very special."
Here in CA the vehicle registration and fuel taxes just went up fairly dramatically. Now the vehicle taxes as well as state and local taxes won't be deductible, as well as higher end mortgage interest. A half million doesn't buy what it used to, so yeah–a lot of middle-class homeowners get screwed. My shack is worth considerably less than that, so yay me. Also, I've always had to pay income taxes on my Social Security, and now I'll get to pay more. Shrub called this the "ownership society."
|Here's| a story about the shop that built that EV Ferrari.
BTW, Chevy's Bolt just outsold Tesla for the first time. We've got ways of shutting that whole thing down!
Making people pay taxes on student loan interest
Repealing education incentives
Repealing state income and sales tax reductions
Repealing the medical expense deduction
Repealing the phase-out of deductions as your income goes up
Repealing the moving expense deduction
Phase-out of the estate tax
Repeal of the tax credit for testing for rare diseases
Repeal of the law preventing churches from making political statements
This is a complete dumpster fire.
Hmmm, some of these are popular with the middle class. It's almost as if this tax cut isn't directed towards them at all…
But if they reduce the number of brackets and let me file on a post card, it'll all be worth it!
I would expect nothing less from the GOP than this dick and backwards move. Fuck.
Also love how infighting about the 2016 Democratic Primary comes out the same morning as the GOP tax plan. Good timing, guys /s
Update: Thanks for the help, Elizabeth Warren /s
Wait. What?
She just said the primary was rigged on CNN
Oh, so if your house is more than $500K your taxes go up on that. Which is basically cities and near the coast getting screwed to transfer that to rural areas. Or blue areas giving money to red areas.
Okay, so one of the provisions in the tax bill makes it possible for fetuses to get Social Security numbers, I'm not even joking.
"[The House and Senate are each coming up with a great tax] plan, and they're going to be put together, and something's going to come out of that that I think will be really, really…something very special."
Well, I'm convinced.
Here in CA the vehicle registration and fuel taxes just went up fairly dramatically. Now the vehicle taxes as well as state and local taxes won't be deductible, as well as higher end mortgage interest. A half million doesn't buy what it used to, so yeah–a lot of middle-class homeowners get screwed. My shack is worth considerably less than that, so yay me. Also, I've always had to pay income taxes on my Social Security, and now I'll get to pay more. Shrub called this the "ownership society."
They bought, they paid for it, they deserve it, they got it.
Those lawns ain't gonna mow themselves.