The Republican tax plan now up for debate in the House is a budget-buster, creating $1.7 trillion in new deficits over 10 years. It's another mark of ideological bankruptcy from a party that, just a few years ago, shut down the government – and threatened to throw America into default – rather than raise the debt limit. the proposal is not an across-the-board tax cut. In fact, tens of millions of Americans would ultimately face a tax hike, according to Congress' Joint Committee on Taxation, while fewer than half of U.S. households would pocket a yearly tax cut of more than $100.
Read the rest of the story HERE:
Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
|The views expressed herein are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.