What they told you: “The average family will save $1,182 a year under our Tax Cuts and Jobs Act.”
What they didn’t tell you: The cost of the massive public debt incurred by giving away almost $2 Trillion to the top 1% will hurt you far more than the measly $1,182 tax savings.
The wealthy pay far less as a portion of the total tax burden than at any former time in our lives. The don’t meed a tax break and many of those 1 percenters with integrity have already said that they don’t want a tax cut.
Every public survey overwhelmingly indicates that Americans do not want to give another tax break to the wealthy.
Don’t fall for those voodoo economic theories that cutting taxes creases jobs or grows the economy faster. Look at the read data of past tax cuts to see that most of the windfall goes directly to the pockets of top level executives and is not reinvested in their companies.
Don’t be confused by the latest attempt to “sweeten the deal” by removing the unpopular ACA penalty tax. (You can get out of the penalty without tax reform, see my post yesterday).
Let’s be clear that our push for #taxreform does not mean tax reduction for the wealthy.
Let’s be clear that our push for #taxreform does not mean increasing public debt.
Need more reasons? See “18 reasons to oppose the tax reform bill“.
Tell your key Senators that tax reform must not mean lower taxes on the ultra-wealthy or increase the public debt.
JUST SAY NO TO TAX REFORM THAT CUTS TAXES ON THE WEALTHY AND INCREASES PUBLIC DEBT!