Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: IWONDR
Now look at its impact on the economic strata of taxpayers to see who benefits the most: “...the highest-income taxpayers (0.1 percent of the population, or those with incomes over $3.7 million in 2016 dollars) would experience an average tax cut of nearly $1.1 million, over 14 percent of after-tax income. Households in the middle fifth of the income distribution would receive an average tax cut of $ 1,010, or 1.8 percent of after-tax income, while the poorest fifth of households would see their taxes go down an average of $110, or 0.8 percent of their after-tax income.”

So the only significant legislation the Republicans are willing to pass is a huge tax break for the wealthy while ignoring illegal immigration, unfair trade with China, ect. Middle and working class get a few crumbs thrown their way. Same as it ever was.

17 posted on 12/02/2017 12:09:28 PM PST by jimwatx
[ Post Reply | Private Reply | To 10 | View Replies ]


To: jimwatx

Let’s see what happens over the first six months of 2018 before we start clutching our pearls, OK?


24 posted on 12/02/2017 12:37:53 PM PST by Alberta's Child ("Tell them to stand!" -- President Trump, 9/23/2017)
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson