Trump's Lying King Tax Plan

Trump will fail yet again with his stupid tax plan that will only benefit the rich and powerfully individual rich guys like himself. He is also pushing our government to approve it in only two weeks which just isn’t enough time for any tweaking or debate on the plan. His Dictator attitude about everything just doesn’t work in this country. He has no empathy or understanding of what the average American has to go through every day. Again no discussion of the rapidly ever so rising deficit that will go even much higher and much faster with this tax plan. Wanting this passed now is a big adventure. Rep. Peter King the Republican from New York said, “He is talking about before Thanksgiving. How can you debate, study about anything and vote on it a document that can have an impact on us in the next 20 or 30 years?” It is all proof that Trump has no idea what he is doing and doesn’t care about anyone.

Trump cares about himself. This tax plan will change the Corporate tax PERMENANTLY from 35% to 20%. No where does it say that the savings from corporations should trickle down to jobs. They already are getting big profits and they don’t have to share the money in the form of new jobs. With this tax plan the most lucrative tax cuts will go to big businesses PERMENANTLY.

Do you or family members have a mortgage? Do you or family members have student loans? Do you or family members have medical expenses? Most Americans have all of these expensive things to pay for after the government already takes out their share of our pie at the end of the day. This tax plan DOESN’T help Americans at all with the high cost of mortgage, student loans or medical expenses.

TRUMP’S TAX PLAN WILL ELIMINATE DEDUCTIONS FOR MORTGAGES WITH A CAP, STUDENT LOANS AND MEDICAL EXPENSES.

This tax plan would slice the mortgage deduction cap for new homes from $1 million dollars to $500,000. Who screws people by half their money? This would be a big change in the average person’s expenses. The tax plan sounds like it has good stuff in it at first but then as he gives you stuff with one hand he takes away stuff with both hands. What the hell is that all about? And our lives will change within 2 weeks if he gets his way? Time to go buy new protest shoes. Luckily most Republicans believe that he is a nut job and will not vote on this tax plan and it will die like so many other wacky proposals Trump threw at the American people like trash out of his car window on his way to another golf outing.

The bill does have a lot of tax cuts worth about 1.5 trillion dollars. How is that going to bring down the deficit? It will be impossible since spending is not being curtailed. It will be a simpler plan since it will slash individual tax brackets from 7 to 4. If you make about $60,000 per year the taxes will drop from 15% to 12% but not if you own a mortgage, student loan or have medical expenses so if you can find somebody that doesn’t have thise expenses then you get that whopping 3% deduction. Sigh!

The plan wants to double the standard deduction for individuals who make $12,000 per year and couples who make $24,000 per year that is assuming that these poor citizens will be doubling their really low salaries. The child tax credit will be changed from $1,000 per year to $1,600 per year. Honey let’s make more kids, we can get a $600 buck tax credit increase! UGH

This Trump plan will repeal the estate tax so really rich guys who have large estates WILL NOT PAY ANY TAXES ON THAT MONEY. That is a new huge wealthy loophole in American taxes. This tax plan does NOT help the middle class.