Sooooo… The proposed tax relief package has been announced – on a single sheet of paper. Already I’m suspicious. My early-morning thoughts:
- There are only going to be three tax brackets – which doesn’t really help much (or at all) in terms of helping the middle class. Last I checked, the top tier, decades ago, had to pay much, much more and the middle class thrived.
- The working poor may have to really scrape by now: about the only deduction they’ll get is charitable.
No specifications could well mean the GOP has a lot of leeway. Let’s see how many more benefits they could end up squeezing out for the rich and for corporations.
Meanwhile…the Commander in Chief still hasn’t released his taxes… and probably never will.
#us #uspolitics #taxes