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Do you think that the Trump Tax plan will help the middle class?

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I have no idea



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1. D Robb
     (11/28/2017 7:16:30 AM)
     Message ID #294326

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The amazing thing is that heavily slanted as this bill is toward the desires of rich Republican donors, those donors want more.
In any attempt to bring wavering GOP lawmakers to vote for the flawed tax reform bill Republican legislators are contemplating changes that would exacerbate the tax bill’s divide between the rich and the middle class.
At the heart of the debate is whether to more favorably treat small businesses and other so-called pass-through entities — businesses whose profits are distributed to their owners and taxed at rates for individuals. Seventy percent of pass-through income flows to the top 1 percent of American earners, according to research by Owen Zidar, an economist at the University of Chicago’s Booth School of Business.
Two Republican senators, Ron Johnson of Wisconsin and Steve Daines of Montana, have said that they will vote against the plan if it does not do more to help the owners of those businesses, possibly by increasing the individual income tax deduction for such owners from the 17.4 percent rate currently in the Senate bill.
Mr. Johnson could stall the bill by himself on Tuesday, when it is scheduled for a vote in the Senate Budget Committee. Mr. Johnson sits on that Mr. Johnson sits on that committee, where Republicans have a single-vote majority. On Monday, he said he would vote “no” unless his concerns were addressed.

https://www.nytimes.com/2017/11/27/us/politics/senate-tax-bills-potential-hurdle-republicans.html
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