OPINION: Trump tax plan enriches the wealthy, sticks middle class with the bill

Letter to the editor by Karen Mullenax, Palmyra NJ

Our Republican elected officials are trying to force passage of a tax bill that sells out working families in order to pay back their billionaire donors with huge tax breaks. The Republicans have been adding amendments to this bill at such a rapid pace – and in relative secrecy – it’s hard to know what it even contains. (Just the other day an exemption was added for owners of private jets.)

But this is what we do know: the richest Americans will get huge tax breaks – for doing nothing but being rich. The plan also includes new tax incentives for companies who move their profits and jobs overseas. It includes a proposal to eliminate the estate tax – a gift to the wealthiest Americans, who are almost the only ones who pay it. In fact, President Trump could cut his tax bills by more than $1.1 billion, including saving tens of millions of dollars in a single year, under his proposed tax changes.

What will the middle class get? We get stuck with the bill. The biggest tax increase in modern American history. While middle-class families lose deductions for things like moving expenses and state and local taxes, corporations will be able to continue deducting those expenses. But this tax scam will have the most immediate effect on middle class families by making our health care even harder- if not impossible- to afford.

The proposed $25 billion in immediate cuts to Medicare, according to the Congressional Budget Office, will force $500 billion in long-term Medicare cuts for seniors. It will cut $1 trillion from Medicaid, destabilizing state budgets and taking away care disabled children and seniors in nursing homes depend on. Now the Senate bill is even trying to attach health care “repeal”, meaning 13 million people will lose health insurance and premiums will rise 10 percent.

It is certainly not popular with voters according to polls. Voters are actually rejecting this tax scheme overwhelmingly by 2-to-1. It is anything but “fiscally conservative”. The Congressional Budget Office calculated that it would add $1.7 trillion to federal deficits over the next 10 years.

You have to ask yourself why? Why are the Republicans so anxious to pass this horrific plan, if not only to pay back their wealthy donors and line their own pockets?

Editor’s note: The opinions in this letter are the author’s only.

Citizens’ Media TV encourages all viewpoints. Please submit your letters to the editor to citizensmediatv@gmail.com

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