, 12 tweets, 7 min read Read on Twitter
This former tax attorney is about to go on a #twitterstorm about this #BillionairesFirst tax program & how it is contrary to our values 1/12
#BillionairesFirst tax plan eliminates the adoption deduction. There are 125K adoptions a year that cost about 20K a year. 2/12
#Sec1308 eliminates the deduction of medical expenses. Until #MedicareForAll we need this deduction. 19% of Americans used this in 2015 3/12
#Sec5201 allows churches to endorse political candidates from the pulpit, & not lose their tax status. #SeperationofChurchandState 4/12
#Sec1302 eliminates the ability to deduct mortgage interest on a home over $500,000.00. This will stifle the housing market in #CA. 5/12
#Sec1602 eliminates the #EstateTax which only affected 80 family farms in 2015 less than .002% of Americans face this, but Trump does 6/12
#Sec2001 eliminates the Alternative Minimum Tax #AMT. On the one tax return we have from @POTUS he paid $37 million in AMT taxes. 7/12
#Sec3402 eliminates the employer-provided-child-care credit. Many businesses offer on-site #childcare as a perk. This guts the program 8/12
#Sec1309 eliminates the deduction for #alimony payments, but does not get rid of the income tax for the receiving spouse. This is bad 9/12
#Sec1204 eliminates the interest deduction for #Studentloans. This is an assault on the #middleclass, pure and simple #ThanksTrump 10/12
#Sec3502 & #SEC3503 reduce the tax credit from 30% to some unnamed "applicable percentage" which will harm #cleanenergy investment. 11/12
There is a lot of bad in #BillionairesFirst or the #CCCAct. I did not have time to pull all of the business taxes apart, but I will 12/12
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Garrick McFadden
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!