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Tax Reform

Wittman Marches in Lockstep With House GOP to Rubber Stamp Trump Tax Bill;  All Democrats Oppose.  Vast Majority of Benefits to the Richest 1% and to Corporations. Most Virginians to Face Future Tax Increases.  We Need a Voice in Congress, Not a Shill For Corporate Interests:
See John's opinion on the GOP's fraudulent tax reform:

http://61790.campaignpartner.net/opinion

WASHINGTON — The House passed a sweeping rewrite of the tax code on Thursday by 227-205, taking a significant leap forward as Republicans seek to enact $1.5 trillion in tax cuts for businesses and individuals and deliver the first major legislative achievement of President Trump’s tenure.

Attention now turns to the Senate, which was grappling on Thursday with another setback after a congressional analysis found that their revised tax bill would actually raise taxes on lower-income Americans within a few years.

The Joint Committee on Taxation projected that Americans earning $30,000 or less would see their taxes increase beginning in 2021, if the Senate bill becomes law. The committee also projected that Americans earning $75,000 or less would face large tax increases in 2027, after the individual tax cuts expire. The updated analysis stems from the Senate’s last-minute inclusion of a provision that would repeal the Affordable Care Act’s requirement that most people buy health insurance. The repeal would lead many lower-income Americans to choose not to buy insurance, and thus not claim tax subsidies that currently help them defray the costs of health coverage.

From the NY Times:  

https://www.nytimes.com/2017/11/16/us/politics/house-tax-overhaul-bill.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=a-lede-package-region&region=top-news&WT.nav=top-news


Committee to Elect John Suddarth
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