Wednesday, October 18, 2017

Roskam still talking in code on tax code


“By closing loopholes and lowering rates, we can create a tax policy that is simpler, flatter, and fairer for everyone,” said Peter Roskam, Congressman, of Illinois’ 6th Congressional District. 
Simpler, flatter, fairer is how my congressman Peter Roskam pitches the new Trump tax plan that will create trillions in deficits over the next decade while lavishing that transfer of the public treasure on Roskam and his wealthy base. 
Simpler, flatter, fairer ... because it will lop $27 billion a year from Uncle Sam and give it to the 1 in 500 who die with an estate over $5.69 million. 
Simpler, flatter, fairer ... because it will give the 400 richest families (are you listening Waltons?) an extra $5.5 million a year from a reduced top income rate. 
Simpler, flatter, fairer ... because it will raise the lowest tax bracket from 10 percent to 12 percent. 
Simpler, flatter, fairer … because it will incentivize corporations to pour more profits overseas in anticipation of a huge tax holiday in the works when they bring it back after tax reform passage 
Simpler, flatter, fairer ... because it will jack up taxes on blue state taxpayers who will lose their federal deduction for high state and local taxes. 
Simpler, flatter, fairer ... because it will end the Alternative Minimum Tax which mainly affects the wealthiest taxpayers. 
Sixth District residents seeking answers from Roskam on the devastating effects of the Trump/GOP tax reform plan already know how he’ll respond: “Flatter, simpler, Fairer.”

Walt Zlotow
Glen Ellyn 

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