President Trump's disingenuous middle-class tax cut pitch

[Panich52]

Vox

President Trump's disingenuous middle-class tax cut pitch
Updated by Dylan Matthews@[e-mail] Feb 28, 2017, 8:10pm EST


One of President Trump's main points at his first address to Congress, according to a sheet of talking points distributed to the press before the event, is a demand that "The middle class must get tax relief."

This isn’t too surprising; Trump has been hitting this line since the campaign, and reiterated it again and again upon taking office. “We are going to be cutting taxes massively for both the middle class and for companies,” he said shortly after being inaugurated; he repeated that line in his February address to the Conservative Political Action Conference. His Treasury secretary, Steve Mnuchin, has promised “the most significant middle-income tax cut since Reagan.”

There’s just one problem: Neither Trump’s tax plan (the one from the campaign; he hasn’t offered a new one as president) nor the Better Way plan from House Republicans, which could play just as an important role in shaping the tax reforms that Congress ultimately passes, is designed to primarily help the middle class. Only 6.6 percent of the cost of Trump's plan goes to cuts for the middle fifth of taxpayers, households making between $48,400 and $84,300 a year, according to the Tax Policy Center. By contrast, a whopping 47.3 percent goes to the top 1 percent, and nearly a quarter goes to the top 0.1 percent, all of whom make over $3.75 million a year.

To make matters worst, many middle-class families would actually see a tax hike under Trump’s campaign plan, as NYU professor Lily Batchelder has found. That’s because Trump wants to increase the bottom tax bracket from 10 percent to 12 percent, eliminate head-of-household filing status for single parents and other caregivers, and get rid of personal exemptions.

More:

http://www.vox.com/policy-and-politics/2017/2/28/14750642/trump-middle-class-tax-cut

[Wellstone ruled]

1. That in it's self will

impact Seniors severely. If you take away the Standard allowable Tax Deductions for a Senior Couple filling Jointly,that means a tax increase of more than a Thousand dollars per year. And in many cases,closer to two thousand per couple.

Said this early,this is the starve Grampa and Ganma Tax or as we said under Reagan,the Cat food Tax.

[Wounded Bear]

2. You have to be making money....

for a tax cut to mean anything.

[Doreen]

3. The ones I feel more sorry for than

the middle class are the working poor. The working poor are NEVER mentioned by ANY president and that is sad because if you are working poor you can only wish you had to only pay the taxes that the middle class and rich have to pay. The middle class is not the forgotten people the working poor are. The working poor some how in the minds of government make way to much to get help but in no way makes enough to just get by. Yes, the middle class is disappearing and becoming poor but maybe if they had protected the working poor they might not be there themselves. The middle class is not going to like having to work 2 or 3 jobs to barely make it.