Democrats plot collision course with Trumps tax plan
Source: MSN/Bloomberg
WASHINGTON –– Congressional Democrats say they’ll try to thwart Republican plans to overhaul the U.S. tax code by portraying them as a boon for the rich that betrays President-elect Donald Trump’s campaign promise to fight for working Americans.
“There’s going to be opposition if these tax cuts are directed to the people at the top again,” said Rep. Richard Neal, D-Mass., who represents his party’s first line of defense as the ranking Democrat on the House’s tax-writing Ways and Means Committee. “We’re going to be pretty united.”
Neal and others say they’ll zero in on upper-income tax breaks pitched by Trump and Republican House leaders in an attempt to make it politically difficult for them to support large parts of the emerging plans. Their initial comments suggest that the 115th Congress, which convenes Jan. 3 with a Republican-led agenda of instituting a broad tax overhaul and repealing Obamacare, will be peppered with debate over income inequality.
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An independent analysis of House Republicans’ “blueprint” found that while households at all income levels would pay less tax, “the highest-income households would receive the largest cuts, both in dollars and as a percentage of income.” After-tax incomes of the very rich — the top 0.1 percent of U.S. earners, or those with incomes over $3.7 million — would rise by almost 17 percent. At the same time, the bottom three-fifths of households would gain on average 0.5 percent or less, according to the analysis by the Tax Policy Center, a a joint venture of the Urban Institute and the Brookings Institution. Three quarters of the total tax cuts would go to the top 1 percent, that study found.
Read more: http://www.msn.com/en-us/news/politics/democrats-plot-%e2%80%98collision-course%e2%80%99-with-trump%e2%80%99s-tax-plan/ar-BBxAxhm?li=BBnb7Kz
Do Bernie Sanders and the Democrats have a strategy for reaching the Breitbart/Alex Jones/Fox News audience who will only hear about Trump's huge tax cut to the middle class?
They will not hear how the largest cut would be to the top rate from 39.6 to 33 percent or that this rate only applies to those with incomes well within the top 1 percent. Likewise, the working class white, Republican leaning individual who gets most of their news from Facebook will not hear how the abolishment of the estate tax, which applies only to estates worth more than $5.45 million for individuals and $10.9 million for couples would only apply to less than 1 percent of the people who die each year pay any estate tax.
How are Bernie and the Democrats going to reach the millions on WND, Breitbart, Alex Jones, Fox New and Limbaugh who will only hear about how the abolition of the estate tax will benefit mom and pop farmers? If Democrats cannot reach the millions of people who are protected from facts or reality, then the Republicans white working class base will cheerfully march in support of these cuts so long as they include monies dedicated to building a wall, persecuting lesbians and gays, or stripping voting rights from minorities.
Put another way, how does Bernie Sander reach those who are receiving their information from WND, Breitbart, Alex Jones, Fox New and Limbaugh when their President is telling them that traditional media outlets are fake news?
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Trying to participate in a revolution, shitstorm or otherwise, with a hangover would be hell-on-wheels!
Be safe. Happy New Year!
Did you miss my laughs. LOL!!!
Happy New Year...
