GOP's tax cuts were progressive and help low income earners the most

[Anonymous]

Whenever I'm asked if the Trump tax cut is for the rich, I say yes. It is a tax cut for the rich. It is a tax cut for the middle class. It is a tax cut for small businesses. It is a tax cut for the Fortune 100. If you pay federal income taxes, you will, in almost all cases, be getting more take-home pay come Jan. 1.



One of the ironies of the left's "these are tax cuts for the rich" mantra is that many upper-income people I know in states such as California, New Jersey and New York complain to me they are getting a sizable tax increase. The lower income-tax rates don't compensate for the loss of the state and local tax deductions.



Well, yes, under the Trump tax plan we are no longer going to subsidize big government in blue states. Now those who choose to live in blue states are going to have to join with their neighbors, collect their pitchforks and demand tax and spending cuts from city hall and the state capital.



Here's some advice to blue state pols: Pare the hyper-extravagant pensions, and stop paying your government employees 30% more than comparable private-sector workers get.



Lower-middle-class people — who make between $40,000 and $50,000 a year — will see a 46% reduction in taxes paid; people who make more than $1 million will see roughly a 7% reduction in taxes (again, the exact rate depends on what state they live in).

https://www.investors.com/politics/columnists/the-gop-tax-plan-is-a-cut-for-everyone/">https://www.investors.com/politics/colu ... -everyone/">https://www.investors.com/politics/columnists/the-gop-tax-plan-is-a-cut-for-everyone/

Good for president Trump for looking out for us average Joe's unlike Obama.

[Anonymous]

Whenever I'm asked if the Trump tax cut is for the rich, I say yes. It is a tax cut for the rich. It is a tax cut for the middle class. It is a tax cut for small businesses. It is a tax cut for the Fortune 100. If you pay federal income taxes, you will, in almost all cases, be getting more take-home pay come Jan. 1.



One of the ironies of the left's "these are tax cuts for the rich" mantra is that many upper-income people I know in states such as California, New Jersey and New York complain to me they are getting a sizable tax increase. The lower income-tax rates don't compensate for the loss of the state and local tax deductions.



Well, yes, under the Trump tax plan we are no longer going to subsidize big government in blue states. Now those who choose to live in blue states are going to have to join with their neighbors, collect their pitchforks and demand tax and spending cuts from city hall and the state capital.



Here's some advice to blue state pols: Pare the hyper-extravagant pensions, and stop paying your government employees 30% more than comparable private-sector workers get.



Lower-middle-class people — who make between $40,000 and $50,000 a year — will see a 46% reduction in taxes paid; people who make more than $1 million will see roughly a 7% reduction in taxes (again, the exact rate depends on what state they live in).

https://www.investors.com/politics/columnists/the-gop-tax-plan-is-a-cut-for-everyone/">https://www.investors.com/politics/colu ... -everyone/">https://www.investors.com/politics/columnists/the-gop-tax-plan-is-a-cut-for-everyone/

Good for president Trump for looking out for us average Joe's unlike Obama.

I thought you were apolitical like me.