1. From 5calls.org: “The House is set to vote for their tax plan on Thursday, Nov. 16th. Senate Republicans have also released their own tax reform plan. While the details of the Senate bill remain in flux, it shares the House core goal of providing a tax giveaway to millionaires while offering little or no benefit to middle- and lower-income consumers.
The goal of the House Republicans’ tax reform plan, dubbed the Tax Cuts and Jobs Act, is clear: to provide corporations and the ultra-wealthy as many tax breaks as possible. The bill would permanently lower the corporate tax rate from 35% to 20%, gradually phase out the estate tax (which only applies to estates with greater than $5.6 million in assets), and eliminate the alternative minimum tax (AMT) immediately. The AMT only applies to people who make more than roughly $130,000 a year; Drumpf paid an additional $31 million in taxes solely because of the AMT in 2005. Meanwhile, this plans offers no tax breaks to the bottom 35% of Americans and will increase the deficit by a whopping $1.5 trillion over the next decade.
To pay for these tax cuts for the wealthy and big businesses, the GOP plans to eliminate a multitude of itemized tax deductions that typically offer relief to middle-class consumers, including deductions for student loan interest, adoption costs, moving expenses, alimony payments, and extremely high medical costs. Additionally, it would eliminate exemptions for dependent children and personal exemptions. While the bill would increase the standard deduction to make up for the elimination of itemized deductions, the increase is only about 15% when accounting for the loss of the dependent and personal exemptions. The larger standard deduction also means that middle-class consumers have less of an incentive to donate to charity, hurting non-profit charitable organizations in the process.
The GOP claims that their plan is designed to cut taxes for the middle class, but it is clear that their primary goal is helping the wealthy avoid paying their fair share in taxes. If implemented, these changes would result in the transfer of wealth from the working class to the rich and will continue to exacerbate income inequality in this country.”
- Goodlatte: Staunton (540) 885-3861, Harrisonburg (540) 432-2391, Lynchburg (434) 845-8306, Roanoke (540) 857-2672, Washington DC 202-225-5431 andemail form here
- Kaine: Washington DC: 202–224–4024, Manassas 703–361–3192, Roanoke 540–682–5693, Virginia Beach 757–518–1674, Richmond 804–771–2221, Abingdon 276–525–4790, Danville 434-792–0976, and his contact form is here
- Warner: Washington DC 202-224-2023, Roanoke 540-857-2676, Abingdon 276-628-8158, Norfolk 757-441-3079, Richmond 804-775-2314, Vienna 703-442-0670.His “Submit Comment” form is here
- Suggested script (adapted from 5calls): Hi, my name is _____ and my zip code is ______. I’m calling to express my opposition to the Tax Cuts and Jobs Act. It is clear this bill is designed to benefit the ultra-wealthy and corporations while providing minimal benefits to most middle-class households. I ask that Rep. Bob Goodlatte oppose this truly unfair and harmful tax plan. Thank you.”