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Politics

A couple ways corporations are treated - better than workers. sm

Posted: Nov 8th, 2017 - 2:13 pm In Reply to: Tax bill will add $1.7 trillion to the deficit says CBO. - nm

Under the Republican plan, corporations are still allowed to deduct state and local taxes. Workers are not.

Corporations are still allowed to deduct business expenses. Teachers are not.

Corporations are still allowed to deduct more than $10,000 in property taxes. Homeowners are not.

Corporations are still allowed to deduct moving expenses. Families are not.

Individuals will no longer be allowed to deduct the previous year's tax preparation fee.

And this is on top of a $1.5 to 1.7 trillion corporate tax cut.

Let's be clear, this is not a "middle-class tax cut." Working families get the crumbs and the super-wealthy get everything else. Trump's "middle class miracle/Christmas present" to the American people.

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