Beginning of the End of Middle Class Tax deductions

Did anyone hear the news....the proposals from Il Dumbya are...


1. Cutting Mortgage Interest Deductions
2. Cutting State and Local Tax deductions


Those are the two that stuck out...and boy are they a real kick in the head.

Anyone else catch this...???

according to my mom the Mortgage Interest one would be to cap it at a lower value...but as I said...."that is what they say now..."

thought I had lost it....

I said..."the repukes have finally done it...they are going to kill the middle class"...

healthcare.

I've heard $350k bandied about as the cap on mortgage interest deductions (per year) which isn't too bad on the face of it, except I don't trust the bastards to do anything but screw over the middle class.

so now they will screw us all...

and of course...it conveniently comes as bankruptcy is harder to apply for......

and a severely progressive tax code.

I am all for it.

great number of people...

and at that point, we destroy the hyper rich class in the most painful way possible... we bankrupt them.

:cry:

Link to an LBN topic about an article on this:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=1857410&mesg_id=1857410

a number of times. Cutting the state and local tax deductions are new to me. This shows you how much the repukes just love regular Americans.
I cannot believe that this hasn't shown up in MSM. I am as equally distressed as that no democrat has spoken up about this. If one them could even bring it to light you just might get the public riled up enough to get off their asses.

I am in the middle of a major career change, I have taken myself out of the job market so I could reeducate for a new career. I am 38 years old and I can't do this again. I have had work but it is seasonal the rest of the time I am in school. Whatever benefits that I might gain from this career reengineering could be wiped out by this administration's f___d up agenda!! It is making me question that this risk I have taken in reeducation could all be for nothing.

:mad: :mad: :mad: :rant: :rant: :banghead: :banghead:

too detrimental to the economy. WTF!

before her comming out party....whereas the schmoes that live in suburbia can suck it up and take it like "patriotic" americans...

or some other worthwhile profession because I can't handle much more financial strain. It's killing me guys.

"Personal exemptions and deductions and credits for children would be eliminated and replaced by a credit of $1,600 for a single person, $3,200 for a couple, $1,500 for each child and $500 for each other dependent.
"

So today without mortgage interest and state and local taxes, more ppl would have to take the "standard deduction" but oh no they want to do away with that tooooooo.... for a small tax credit.

issues make it to congress and the Democrats don't scream and find a way to stop this nonsense than they are no better than the Republicans that are behind this tax increase buried in the tax code..