People are poor “because they’re spending every penny they have”. Or they’re poor so they need to spend every penny…
“I think not having the estate tax recognizes the people that are investing, as opposed to those that are just spending every darn penny they have, whether it’s on booze or women or movies,” Senator Chuck Grassley
It’s difficult to get more arrogant or elitist than what Chuck Grassley just said.
If you work for a living, your taxes are going up under the GOP / Trump tax plan.
“It raises another $1.3 trillion by going after deductions for state and local taxes, mortgage interest, charitable contributions, interest on student loans, medical expenses, teachers’ out-of-pocket expenses for paper and pencils for students, and a bunch of other nickel-and-diming of the middle class. No change drawer in the car, couch cushion, or plastic piggy bank is going untouched in the hunt for money to pay for the tax cut. “
The biggest tax hike in American history is being used to pay for the biggest tax cut.
The “tax bill” is a humongous scam that will alter America in the same way that the George W presidency did. If this bill passes, it will cement the plutocracy in place for generations
The U.S. tax plan could reshape major areas of American life from education to health care, the NYT reports.
“Major companies including Cisco Systems Inc., Pfizer Inc. and Coca-Cola Co. say they’ll turn over most gains from proposed corporate tax cuts to their shareholders, undercutting President Donald Trump’s promise that his plan will create jobs and boost wages for the middle class.”
The president has held fast to his pledge even as top executives’ comments have run counter to it for months.