Sunday, December 3, 2017

US Senate passes tax cuts for America's richest in late-night vote

US Senate passes tax cuts for America's richest in late-night vote

 

This was voted on near the middle of the night on Friday, with no advance copies provided. Transparency my ass.

Here is what is included (credit to u/taksark):

*An abortion law reclassifying life at conception.
*A clause to drill oil in Alaska’s arctic wildlife preserve.
*Pulled the mandate for the ACA.13 million lose insurance and premiums raise in cost by 10%.
*Allows churches to endorse political candidates.
*Cuts $400 billion from Medicare (the one for old people, the "third rail")
*Has a tax break for private jet owners
*Increases taxes on 87 million families
*Adds $1 trillion to the deficit.
*Forces phd students to pay taxes on waived tuition. (Correction: Apparently this is still only in the house's version)

I have read that it also eliminates the tax deductions for expenses for small and medium sized businesses and eliminates the medical deduction for families.

Call your reps - Make sure this doesn't pass the house.

No comments:

Post a Comment