A Vote Against Our Future: The House Just Voted to Transfer Trillions from Middle- And Low-Income People to Corporations and Millionaires

posted in: Tax Policy, Uncategorized | 0

Posted at https://www.chn.org/2017/11/16/vote-future-house-just-voted-transfer-trillions-middle-low-income-people-corporations-millionaires/#.Wg4CqVtSwdU By CHN November 16, 2017 Editor’s note: Deborah Weinstein, Executive Director of the Coalition on Human Needs, issued the following statement Thursday, Nov. 16 in response to the House vote in favor of H.R. 1, the massive tax-giveaway … Continued

Repeal of ACA Individual Mandate in Senate Tax Bill Increases Offsets Tax Cut for Many PA Families

From the Pennsylvania Budget and Policy Center (http://www.pennbpc.org): Increase in health care premiums will mean any tax cut for middle-income Pennsylvania is washed out; wealthy and corporations reap the benefits. Marc Stier, Director of the Pennsylvania Budget and Policy Center, … Continued

GOP Tax Bill Would Trigger $25 Billion in Cuts to Medicare, Warns CBO

Posted at https://www.commondreams.org/news/2017/11/14/gop-tax-bill-would-trigger-25-billion-cuts-medicare-warns-cbo Published on Tuesday, November 14, 2017 by Common Dreams Senior citizens’ healthcare spending would be on the chopping block to make up for the $1.5 trillion deficit increase brought on by the House tax plan By Julia … Continued

Say NO to Proposed Tax Plans That Hurt Low and Moderate Income Persons

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From the Coalition on Human Needs (http://www.chn.org): Please email and/or call your Representative and Senators today to say the proposed tax plans in the House and Senate will hurt low and moderate income persons and families. Go to http://org.salsalabs.com/o/125/p/dia/action4/common/public/?action_KEY=22523 to … Continued

Lindsey Graham Latest Republican to Admit GOP Tax Plan Is All About Keeping ‘Financial Contributions’ of Donors Flowing

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Posted at https://www.commondreams.org/news/2017/11/09/lindsey-graham-latest-republican-admit-gop-tax-plan-all-about-keeping-financial Published on Thursday, November 09, 2017 by Common Dreams “Republicans are literally out here warning each other that their big donors will stop writing checks if they don’t do their bidding.” By Jake Johnson, staff writer As Common … Continued

Message from Kansas: Learn from Our Mistakes

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Posted at https://www.clasp.org/blog/message-kansas-learn-our-mistakes By Suzanne Wikle The recently unveiled U.S. House Republican tax plan is modeled heavily on a 2012 Kansas tax bill. Many components of the House bill echo the Kansas “tax experiment,” as Governor Brownback described it—doubling the standard deduction, … Continued

Republican Tax Plan Could Grind Affordable Housing Construction to a Virtual Halt

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11/09/17 07:56 AM EST By Andrea Riquier Two changes could slash development by two-thirds The tax plan proposed (http://www.marketwatch.com/story/heres-a-breakdown-of-how-the-new-house-tax-bill-impacts-your-taxes-2017-11-02) by Congressional Republicans will likely decimate production of new affordable rental housing, even as housing shortages across the country are driving … Continued

House Tax Bill’s Child Tax Credit Increase Excludes 315,000 Pennsylvania Children in Low-Income Working Families

From the Pennsylvania Budget and Policy Center (http://www.pennbpc.org): House Republican leaders highlight an increase in the maximum value of the federal Child Tax Credit (CTC) as their tax bill’s signature benefit for working families, but the provision completely excludes 315,000 … Continued