GOP Scoundrels Pass The #TaxScamBill While We Slept: Here’s Everything You Need To Know
#TaxScamBill: What You Need To Know
Last night around 2 a.m., Senate passed a MAJOR tax bill that gives huge tax breaks to the wealthiest people in the United States and folks are pissed! The cornerstone of the reform guarantees a permanent corporate rate cut, from 35 percent to 20 percent. It also pulls money from Medicaid and Medicare and screws middle class homeowners. To top off the swindle, the house didn’t even get ample enough time to read through the 500 page reform before voting on it.
On the Senate floor, @SenSchumer asked to adjourn until Monday so that senators & American ppl could read the 500 pg tax bill they just got 4 hrs ago. Republicans ALL VOTED NO. #NoVote #GOPTaxScam pic.twitter.com/EhOmopqRd5
— NARAL (@NARAL) December 2, 2017
“Not a single member of this chamber has read the bill,” Senate Minority Leader Chuck Schumer (D-N.Y.) said on the Senate floor before the bill passed. “It would be impossible. He called the Republican approach “a process and a product that no one can be proud of and everyone should be ashamed of.” He went on to warn that changes made to the bill “under the cover of darkness” would “stuff even more money into the pockets of the wealthy and the biggest corporations while raising taxes on millions in the middle class.”
Here are some seemingly positive parts of the Tax Bill, according to CNN money.
- Increases teacher deduction: Teachers who buy their own supplies for the classroom may deduct up to $250 today. The Senate bill doubles that amount to $500.
- Expands the child tax credit: The Senate GOP bill increases the child tax credit to $2,000 per child, up from $1,000 today, and above the $1,600 proposed in the House bill.
- Nearly doubles the standard deduction: The House and Senate bills nearly double the standard deduction. For single filers the Senate bill increases it to $12,000 from $6,350 currently; and it raises it for married couples filing jointly to $24,000 from $12,700.
Now for the negatives:
- Since the tax bill already nearly doubles standard deductions, it eliminates all individual state and local income tax deductions.
- The bill also repeals Obamacare’s individual mandate, which is projected to leave millions uninsured. (via NY Mag)
- Limits state and local income tax deductions to property taxes, with a cap of $10,000.
Like we said, the bill was 500 pages and folks are still discovering shady parts, dubbing it the #TaxScamBill. Here’s why. Hit the flip.
I saw people talking about this on twitter but thought it was a joke. Nope. The #TaxScamBill raises taxes on colleges and universities except for the one Betsy Devos went to. Her school is literally the only one that qualifies for the exemption.https://t.co/zA3cwkqIOH pic.twitter.com/DYg2glWsIl
— Jonathan Riley (@JonRiley7) December 2, 2017
The #TaxScamBill is written so that the middle class won't take a hit until after the 2018 midterm elections.
Here's a list of (soon to be former) Senators who voted to fleece the middle class and rob from the poor so the rich could have tax breaks.#SaturdayMotivation#AMJoy https://t.co/DmlLPDqOn7
— Holly O'Reilly (@AynRandPaulRyan) December 2, 2017
America’s not broke. We’re being robbed. In the 1950’s corporations paid $2 in tax for every $1 paid by workers. After 50 years of manipulating legislation in DC they pay less than $.25 and get $100 billion in subsidies while hiding profits and shipping jobs overseas #TaxScamBill
— ♻️ Christopher Zullo (@ChrisJZullo) December 2, 2017
Stealing funds from Medicare and Medicaid is unconscionable. Must vulnerable Americans lose healthcare just so that the super-rich can insure their private jets and lamborghinis?#TaxScamBill
— Eugene Gu, MD (@eugenegu) December 2, 2017
Senator Sanders put an amendment in front of the Republicans to not cut Medicare, Medicaid and Social Security and it was rejected.
Make no mistake. For this bill to live, the GOP is willing to let us die.#TaxScamBill
— Nick Jack Pappas (@Pappiness) December 2, 2017
November 6, 2018 is coming #TaxScamBill pic.twitter.com/pmkXxkjRaB
— Rochelle (@steppingdoll) December 2, 2017
Continue Slideshow
If you’re not outraged by the #TaxScamBill that just passed while we were sleeping, you’re not paying attention. This bill is nothing more than a massive transfer of wealth to the richest Americans at the expense of Black people, working families, and communities of color.
— Rashad Robinson (@rashadrobinson) December 2, 2017
Save this tweet: People will go to prison for this #TaxScamBill. Intermingling with lobbyists & their campaign donors while writing bills in Congress? No way everything is on the up and up. Rest assured, I’m gonna get to the bottom of this.
— Scott Dworkin (@funder) December 2, 2017
Today if you think you've won, you're either:
1) Rich
2) Blinded by hatred for Barack Obama
3) Stupid#TaxScamBill— John Pavlovitz (@johnpavlovitz) December 2, 2017
I’m gonna be memorizing this list like Arya Stark in Game of Thrones come 2018 election time! #VoteThemOut #TaxScamBill pic.twitter.com/LCI7CxAw5l
— Natalie (@daCasObserver) December 2, 2017
"Give a man a fish, and you feed him for a day. Take away a man's access to affordable healthcare, and you won't have to give him any fish because he'll be dead." – Traditional Republican Proverb #TaxScamBill
— Slobb (@slobby555) December 2, 2017
Congratulations, Middle Class. Here’s your cut of the new #TaxScamBill pic.twitter.com/CrkljKsIYi
— Debra Susi (@susi_debra) December 2, 2017
Without a doubt, the absolute most corrupt, thieving, destructive bill was passed through an authoritarian process. If you support this bill, you are either extremely wealthy, a racist, an idiot, or all three. So many Americans were just damned. Never stop fighting. #TaxScamBill
— Ricky Davila 🇵🇷 (@TheRickyDavila) December 2, 2017
This bill was just going out of its way to be cruel. Tax deductions for private planes but no tax breaks for medical expenses, college tuition or owning a home, or paying state taxes. #TaxScamBill
— Astorix ❄️📎🏳️🌈🌊 (@Astorix23) December 2, 2017
Nine million children from needy families are about to lose their healthcare to pay for #TaxScamBill😠 It does not get any uglier than this…
— Frank Morales, CHW (@UCFrank) December 2, 2017
It's almost as if this #TaxScamBill was created by a man who is under federal investigation for being a traitor to his own country….. #GOPTaxScam
— Ed Krassenstein (@EdKrassen) December 2, 2017
Teachers are losing $250 tax deduction for what they spend in classrooms. Think it's small potatoes? For my district alone, that's $2,750,000 in expenses paid by teachers the GOP thinks they should also be taxed on. Luckily, GOP gave us write-off for private jets. #taxscambill https://t.co/trfnA5e7uP
— Elissa Field (@elissafield) December 2, 2017
#TaxScamBill passes while Americans, coast to coast, are asleep. It's passed by rich white men who didn't read it representing rich white men who wrote it.
Each of them scoundrels. pic.twitter.com/jGHrlJNukK
— Working Families Party (@WorkingFamilies) December 2, 2017
WE ARE LIVID. Ted Cruz & Pence snuck 529 into the tax bill, to undermine women’s abortion rights. New language declares human fetuses as legal persons, for tax purposes. A setup to repeal Row v. Wade #FirePence #GOPTaxScam #TheResistance
— Omar Vaid (@omarvaid) December 2, 2017
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