THREAD: Everything I can pull from the just-released 479-page #GOPTaxScam Amendment that that Senators will vote on shortly.
p 474-78: Buys off @lisamurkowski—Allows drilling in Alaska, screwing Alaska Natives and endangered wildlife.
Full amdmt: pdf-archive.com/2017/12/02/sup…
p 474-78: Buys off @lisamurkowski—Allows drilling in Alaska, screwing Alaska Natives and endangered wildlife.
Full amdmt: pdf-archive.com/2017/12/02/sup…
Pages 70-74: Shout out to evangelicals! This is a tax cut for educating your kids in a Christian madrasa!
(Just kidding, it’s scratched out so, it may or may not count. Ask your friendly @GOP corporate lobbyist whether it counts. 💁🏾
(Just kidding, it’s scratched out so, it may or may not count. Ask your friendly @GOP corporate lobbyist whether it counts. 💁🏾
Pages 2-4: What appear to be our new tax brackets!
Single and making just $9526 dollars annually?!
You get taxed too! Fun times.
Single and making just $9526 dollars annually?!
You get taxed too! Fun times.
My apologies. Things are moving fast. The language I’m analyzing is supposedly the actual #GOPTaxScam bill in full, not just an amendment.
Anyways. Let’s continue!
Because even if your Senators aren’t going to get a chance to read it! I’mma do my best to give you “highlights.”
Anyways. Let’s continue!
Because even if your Senators aren’t going to get a chance to read it! I’mma do my best to give you “highlights.”
Page 48: Here’s where @GOP makes sure to screw undocumented families who pay their taxes by not letting them take advantage of the child tax credit.
(FYI, undocumented workers paid $13 billion in payroll taxes in 2010.)
(FYI, undocumented workers paid $13 billion in payroll taxes in 2010.)
Page 81-82: Deductions for state and local income taxes? Not anymore suckers!
(Also this section includes some weird loophole for foreign real property taxes—probably some catnip for Dear Leader.)
(Also this section includes some weird loophole for foreign real property taxes—probably some catnip for Dear Leader.)
Page 85: Did you bike to work and take a minor tax deduction for doing your part to save the environment?
Silly. Didn’t the @GOP tell you climate change is a hoax! No tax deduction for you!
Silly. Didn’t the @GOP tell you climate change is a hoax! No tax deduction for you!
All those tax benefits they cut for the poor and middle class were designed to pay for The Ivanka Benefit: Pages 88-89
Now millionaires can give up to $10 million dollar gifts without paying taxes instead of $5 million.
Merry Christmas to billionaires only!
Now millionaires can give up to $10 million dollar gifts without paying taxes instead of $5 million.
Merry Christmas to billionaires only!
Are you like Robert Mercer and owe the IRS $7 billion in back taxes?
Now you can extend how long you can dispute paying your taxes from 9 months to 2 years! Page 90.
Now you can extend how long you can dispute paying your taxes from 9 months to 2 years! Page 90.
Pages 94-95: The die Americans die provision.
Stakes the Affordable Care Act in the heart—unraveling our entire health care system to eventually kick off 13 million Americans from their insurance by 2027 while setting up Medicaid and Medicare up for complete decimation.
Stakes the Affordable Care Act in the heart—unraveling our entire health care system to eventually kick off 13 million Americans from their insurance by 2027 while setting up Medicaid and Medicare up for complete decimation.
Page 97: All Corporations Matter!
Cuts the corporate tax rate from 35% to 20% so big corporations can make even more profit!
No. They won’t be creating jobs: google.com/amp/s/www.vox.…
Cuts the corporate tax rate from 35% to 20% so big corporations can make even more profit!
No. They won’t be creating jobs: google.com/amp/s/www.vox.…
As a reminder many of the most profitable American corporations already pay an effective tax rate of 0 percent.
They hire fancy lawyers to take advantage of loopholes and hide their money offshore.
mobile.nytimes.com/2017/03/09/bus…
They hire fancy lawyers to take advantage of loopholes and hide their money offshore.
mobile.nytimes.com/2017/03/09/bus…
Page 131: Concerned your Ferrari or Tesla will depreciate in value and you can’t recoup all the costs in your taxes?!
@GOP is here to save the day!
#GOPTaxScam
@GOP is here to save the day!
#GOPTaxScam
Did you happen to get a commuter benefit from your employer?
Expect it to be eliminated since your employer can’t deduct it anymore. Page 176.
(But don’t worry, your Ferrari’s depreciation in value is taken care of! All good! 🙃)
Expect it to be eliminated since your employer can’t deduct it anymore. Page 176.
(But don’t worry, your Ferrari’s depreciation in value is taken care of! All good! 🙃)
Do you own or lease private jets?! Relief is here! You don’t have to pay taxes on the maintenance or insurance of your private plane!
Pages 330-332. #GOPTaxScam
Pages 330-332. #GOPTaxScam
Pages 347-392.
The Donald J. Trump will benefit section.
Deals with profits as it relates to income made internationally.
#GOPTaxScam
The Donald J. Trump will benefit section.
Deals with profits as it relates to income made internationally.
#GOPTaxScam
There’s a lot of changes being made to life insurance and retirement funds like ROTH IRAs as well.
Please talk with your agents about these changes so they don’t blindside you. I’m not well-versed enough in this area to explain the consequences in thee areas. #GOPTaxScam
Please talk with your agents about these changes so they don’t blindside you. I’m not well-versed enough in this area to explain the consequences in thee areas. #GOPTaxScam
The content of the #GOPTaxScam is awful, but HOW the @GOP pushed the bill is a threat to our democracy.
Every Senator who voted in favor of this bill should hang their head in shame and should lose their seat. Remember their names.
Every Senator who voted in favor of this bill should hang their head in shame and should lose their seat. Remember their names.
The process isn’t over. It will be very difficult for @GOP to reconcile the Senate and House versions in committee.
The key now is continuing to make your voices heard. Keep calling. Keep visiting their offices. Keep fighting. This isn’t over. ✊🏾
No #GOPTaxScam!
Fin.
The key now is continuing to make your voices heard. Keep calling. Keep visiting their offices. Keep fighting. This isn’t over. ✊🏾
No #GOPTaxScam!
Fin.
