Trump still hasn’t revealed his taxes, but that hasn’t stopped him from attempting to change the tax code in his favor. Last Thursday, Republicans in the House of Representatives shared Trump’s plan. As this New Yorker article describes, Trump stands to gain millions off the backs of working class Americans. Here’s what the Brookings Institute has concluded about Trump’s Tax scam:
The Tax Policy Center has produced preliminary estimates of the potential impact of proposals included in the “Unified Framework for Fixing Our Broken Tax Code.” We find they would reduce federal revenue by $2.4 trillion over ten years and $3.2 trillion over the second decade (not including any dynamic feedback). Including economic feedback, revenue would fall by between $2.4 trillion and $2.5 trillion over the first ten years and by about $3.4 trillion over the second decade. In 2018, all income groups would see their average taxes fall, but some taxpayers in each group would face tax increases. Those with the very highest incomes would receive the biggest tax cuts. The tax cuts overall are smaller as a percentage of income in 2027, and taxpayers in the 80th to 95th income percentiles would, on average, experience a tax increase.
Sweet deal for Trump, raw deal for America. All-of-us must ensure that this bill never makes it out of the House and into ours.
Here’s how: Call your Representative 844-241-1141 and ask them to reject Trump’s tax plan. Use these scripts from our friends at Indivisible. Scripts for Republican MoC here and scripts for Democracy MoCs here).
More actions from WallofUs.org