NEWSSTAND

GOP Establishment Disguises Tax Hike

Nearly every Republican in Congress ran on a platform of cutting taxes. However, some of them now want American businesses to pay even more to Uncle Sam. The proposed GOP tax plan claims to lower the corporate tax rate to 25%. It also ensures that the lower rate will not apply to 80% of the American economy.

The Republicans behind this tax plan, many of whom will not share their names with the press, have decided to pick and choose which businesses to benefit. Manufacturing companies will pay the lower rate, while service companies are exempt from the tax cut. Most American small businesses are in the service industry, while only large corporations typically have the money to build manufacturing plants.

Even approved manufacturing companies might still pay higher taxes, depending on state and local taxes.

Personal Ramifications

The tax plan purposefully tilts the playing field for businesses, and it leaves personal taxes murky as well. The plan leaves open the possibility for a fourth tax bracket. People in that bracket could be exempt from planned tax cuts.

If you itemize your tax deductions, you will pay more to the IRS under this plan. The GOP tax plan would eliminate the state and local tax deductions. You and your employer might both be paying higher taxes should the current tax plan become law.

Take action on this issue

House and Senate: Stop the GOP Tax Hike of 2017!

The GOP tax plan is currently being debated on Capitol Hill. This is your chance to have a say in the conversation. A petition on StandUnited tells Congress not to enact the tax plan. When you sign the petition, a letter gets sent straight to your representative in Congress.

Sign this petition:

More articles you may be interested in

Russian Indictments, Parkland Shooting, Olympic Upsets

Russian Indictments The Department of Justice handed down indictments of 13 Russian national and 3 Russian entities. These people and groups are accused of illegal meddling in the 2016 U.S. presidential election. During and after the election, these Russians pretended to be American activists who organized groups online. The Russians sought to sow chaos by […]

Parkland, Florida School Shooting: 10 Facts to Know

The terrible mass shooting at Stoneman Douglas High School claimed the lives of 17 innocent people. As the nation mourns the tragic loss of life, it seeks to answer one question: “How did this happen?” Here are 10 key facts about the attack. Former Student Unleashes Terror Nikolas Cruz, a former student at the school, […]

House Passes Concealed Carry Reciprocity Act

2017 was the deadliest year for mass shootings in U.S. history. Because of this, H.R. 38, The Concealed Carry Reciprocity Act was introduced in the House by Rep. Richard Hudson (R-NC8), and in the Senate by Sen. John Cornyn (R-TX). The Act passed 231-198 in the House in December 2017. It’s been received by the […]

Top