, 23 tweets, 3 min read Read on Twitter
House GOP dropped their tax bill today and boy are the media headlines missing the mark. /1
GOP is selling it as a big middle class tax cut – when it’s actually Christmas come early for corporations & the ultra-rich.
/2
The biggest winners are corporations, who’ll see their tax rate drop massively from 35% to 20%. /3
The GOP’s claim that this will create jobs is arguably one of the biggest economic lies in history, full stop. /4
Also huge winners: the ultra-rich. Just one example: estate tax repealed after 5 years--a tax that hits just the richest 0.2% of estates /5
Trump himself would win big thanks to the giant new loophole it creates for so-called “pass-through” income... /6
(pass-through loophole translated: another gimmick to cut taxes for the wealthy under the guise of helping “small business”) /7
Of course we’d know a lot more about how Trump would benefit under the GOP's plan if he’d release his tax returns.... /8
So, what’s in it for working & middle class families? A ticking time bomb – as many of the benefits to them would sunset after 5 years. /9
Meanwhile the GOP would REPEAL a score of tax benefits that help working and middle class families, such as… /10
-The medical expense deduction
-The adoption tax credit
-Deductions for tuition & student loan interest

All gone under GOP tax plan. /11
It would even eliminate the New Market Tax Credit, which incents job-creating investments in rural and urban areas. /12
(So much for Trump's forgotten man & woman...) /13
The plan includes virtually NOTHING for the bottom 35% of taxpayers—and could even end up raising their taxes. /14
And we’re not done yet, folks. Guess how Christmas come early for the wealthy & corporations would be paid for? Jacking up the deficit. /15
(That’s right, the deficit Republicans have claimed—for ages—to hate.) /16
And what happens next? They’ll turn around & yell about the deficit! And how we “can’t afford” Medicaid, Medicare, education, and so on. /17
Don’t take my word for it: THEY TOLD US EXACTLY WHAT THEY'D CUT IN THEIR BUDGETS. They're not even hiding the ball. /18
In the coming days, House Republicans will mark up and eventually vote on this tax bill. (That's where you come in.) /19
We can't let them get away with claiming they're helping the middle class when it’s Christmas come early for corporations & the rich. /20
Some Repubs are already afraid their tax bill will face the same fate as botched ACA repeal. So now's the time to dial up the pressure. /21
And like with healthcare, we CAN win this fight and shut down their Robin Hood in reverse agenda. /22
RT & share: Everything you need to tell Congress #NotOnePenny in tax cuts for the rich & corporations: trumptaxtoolkit.org /23
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