The weekly Fighting Back post is also a News Open Thread.
The Weekly Democratic Party Address was delivered by Senator Ben Cardin of Maryland.
(Senator Ben Cardin (D-Maryland) on tax cuts – note: clip does not complete)
In what has become an increasingly shameful and highly partisan process, Republicans have chosen to go it alone and cut Democrats out of any tax reform discussions. They formulated a tax scheme that they admit will add $1.5 trillion to our deficit, putting Medicare and Medicaid at risk. And the plan hurts middle and low income working families while providing huge tax cuts for the wealthiest Americans. […]
Under the Republican plan, a family of four would gain an extra $12,000 in standard deduction. They simultaneously lose more than $16,000 in personal exemptions. It would directly affect middle income families and [make] it more difficult to save for retirement. And they are planning to repeal the state and local tax deduction used by taxpayers in all 50 states. This allows you to write off property taxes, local income taxes, and sales taxes and ensures the federal government can’t double tax families on money they have already paid in taxes to the state.
(CSPAN link to Weekly Democratic Address: here)
(Link to Nancy Pelosi Newsroom here)
You need to login in order to like this post: click here