Tuesday, October 03, 2017

Roskam's 80% solution for the 1%

My congressman Peter Roskam (IL-6) supports the GOP tax plan that takes care of the GOP and Roskam's real base as legislators: the upper 1%. The non-partisan Tax Policy Center has taken a peek and reports that 80% of the trillions in tax cuts over the next decade go to this tiny, favored elite while blowing a gigantic hole in the deficit. But there are few in any one-percenters in Roskam's IL Sixth District, heavily populated by solid Republican voters in the 80th to 90th income percentile.They should cease doing cartwheels over envisioned tax cuts because the GOP-Roskam plan raises taxes on 60% of them in the form of eliminated deductions in the guise of 'tax simplification.' That's the GOP-Roskam tax plan: simply dreadful.
 

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