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highplainsdem

(48,994 posts)
Wed Sep 27, 2017, 11:59 AM Sep 2017

Schumer: Trump tax plan 'wealth-fare'

Source: The Hill

Senate Minority Leader Chuck Schumer (D-N.Y.) ripped President Trump's long-awaited tax framework on Wednesday, arguing it would provide a financial "windfall" for wealthy Americans.

"It seems that President Trump and Republicans have designed their plan to be cheered in the country clubs and the corporate boardrooms," Schumer said from the Senate floor.

He added the GOP tax plan should be called "wealth-fare."

"[Republicans are] going to be in for a rude awakening as the American people are going to rise up against this," Schumer said. "It's little more than an across-the-board tax cut for America's millionaires and billionaires."

-snip-

Read more: http://thehill.com/blogs/floor-action/senate/352667-schumer-trump-tax-plan-wealth-fare

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lark

(23,105 posts)
2. Duh, we've always known what he would present, tax cuts for himself!
Wed Sep 27, 2017, 12:15 PM
Sep 2017

That is the main criteria. They are even RAISING taxes on the poor so they can decimate the amount the rich (read orange assface) are supposed to pay. He never paid his fair share and now is trying to make the law reflect that he actually owes almost nothing and single working moms will see their effective tax rates skyrocket. That's what he's always about, stealing from the poor to enrich himself, and that's exactly what the tax plan is. It's a bonus to him that he's also doing the wishes of the donors, because they are greedy asses just like him, but just a feature. His goal is cutting his own taxes and fucking over the poor.

LovingA2andMI

(7,006 posts)
3. And Debt-Fare -- For Any Former or Current College Student With STUDENT LOANS....
Wed Sep 27, 2017, 12:22 PM
Sep 2017

By ELIMINATING the Student Loan Interest Deduction. Add this plus the INABILITY (pretty much) to eliminate Student Loan Debt in ANY Bankruptcy and Going To School To Obtain The "American Dream" Will Become "The American Forever Indebted Nightmare".

Call Your Congressperson and/or Senator NOW and tell them NO WAY To The Elimination of the Student Loan Interest Rate Tax Deduction.

LovingA2andMI

(7,006 posts)
4. And Medical Debt Forever and A Day - With Trump's "Tax Cut" Plan....
Wed Sep 27, 2017, 12:40 PM
Sep 2017

As The Medical Expense Deduction Is ELIMINATED in Cheeto's Tax Plan.

Bengus81

(6,931 posts)
5. It is Wealth-fare and we need the ACA CANNED so we can pay for it!!
Wed Sep 27, 2017, 12:50 PM
Sep 2017

Gosh...do Muricans have a problem with that??

xxqqqzme

(14,887 posts)
6. Good word!
Wed Sep 27, 2017, 12:52 PM
Sep 2017

Now if only all Democrats would use it over and over and over and over whenever the media is around.

They need to start using tactics of the republicants.

IronLionZion

(45,447 posts)
7. The rich work so hard and create so many jobs
Wed Sep 27, 2017, 01:11 PM
Sep 2017

they're the real victims here. If they just got some more tax cuts they would totally open up lots more factories and coal mines to hire Trumpsters and not just save it and buy fancy yachts and foreign vacations. Promise! Pinky swear!



Stargazer99

(2,585 posts)
11. People need to be taught how to think on their own
Wed Sep 27, 2017, 01:49 PM
Sep 2017

then this "tax reform" crap would not even get off the deck so to speak
keep them dumb, don't let them know how they are being gutted and gut the poor (they can't do much about it)
When the average person wakes up and figures out what is going on...the rich will be in for it..and off shore residence will not help them .

FiveGoodMen

(20,018 posts)
8. GOP tax cuts for those who don't need help -- at the expense of those who do
Wed Sep 27, 2017, 01:23 PM
Sep 2017

This message should be in EVERY GOD DAMNED statement that Dems EVER make.

It should be tattooed on their foreheads.

It should be mentioned in every party platform statement.

Why doesn't the D party hammer this home? It's ALWAYS the GOP's aim, after all. Remind America!

Stargazer99

(2,585 posts)
12. the answer is corporate money and the rich that is why the Dems don't shout from the housetops-
Wed Sep 27, 2017, 01:51 PM
Sep 2017

some call it corruption

thesquanderer

(11,989 posts)
10. Rich pay 10% less, poor pay 20% more.
Wed Sep 27, 2017, 01:38 PM
Sep 2017

It's not that simple because of other changes in deductions, but just on the face of it, if you raise the lowest income tax tier from 10% to 12%, that's a 20% increase in actual dollars due; if you lower the top tier from 39.6% to 35%, that's roughly a 10% decrease in total dollars due.

The bottom line is that some people will be paying more, and those some people ain't gonna be the rich.

FakeNoose

(32,641 posts)
16. We subsidize the one-percenters
Wed Sep 27, 2017, 03:59 PM
Sep 2017

...because they get the benefits (laws made to favor them and their business) and pay almost no taxes.

KY_EnviroGuy

(14,492 posts)
15. Most sinister and disturbing thing to me is...
Wed Sep 27, 2017, 02:49 PM
Sep 2017

...that more money in the pockets of the wealthy and the war chests of corporations is that a substantial part of it will be used against us to fund right-wing anti-worker political campaigns and organizations such as ALEC, AEI and the Heritage Foundation.

In the same light, every penny in excess profits from every purchase we make as consumers will likely trickle up and be used against our best interests. I've always found a cruel, ironic humor in that, and often sense it in the check-out lane.

This is a race to the bottom, folks. This bill will put jet fuel in the gasoline tank, just like W's did.

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