Using data from this chart (click here for source), the average tax cut per $1000 of income is: If your income is $10,000 or less, then $1 per $1000 of income. If your income is $20,000, then $2.50 per $1000 of income. If your income is $30,000, then $6 per $1000 of income. If your […][...]
Posts Tagged ‘Tax Cuts’
December 27th, 2017 - 8:25 am § in Politics
GOP Rep calls middle-class tax cuts “socialism”
Robert Pittenger, a multimillionaire businessman, barely won a “safe” GOP seat in North Carolina in 2012, and since then has been one of the most dogmatic, closed-minded, radically rightwing — and racist — members of Congress. If you have a pre-existing condition, he says you[...]
December 19th, 2017 - 8:27 pm § in Politics
Busting the tax stimulus myth
Republicans claim their corporate tax cuts will stimulate investment to create jobs and raise wages: “Big US companies have been piling up cash for years, but they’ve spent little of it on buying equipment and raising wages and other things to grow the economy. Republicans say they know[...]
December 1st, 2017 - 9:18 am § in Politics
CFOs deny workers will get raises
Corporations are about to get huge tax cuts. Republicans argue these tax cuts will trickle down to workers as higher wages. But CFOs quickly threw cold water on those claims. Read story here. [...]