The Republican tax plan is a tax scam that helps the richest and hurts families.
Republicans deliver a huge tax cut to the richest 1% and wealthy corporations, funded by slashing support for Medicare, Medicaid, and education.
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Sen. Bob Corker wins from the tax bill, while Tennesseans lose Economist Dean Baker estimates that Sen. Bob Corker could see a more than $1 million windfall from a provision in the latest tax bill Corker is now supporting. Source: International Business Times and Center on Budget and Policy Priorities. WHAT AVERAGE TENNESSEANS GET ……
Corker’s Proposed “Trigger” to Offset Increased Deficits if Tax Revenue Doesn’t Pan Out is Roundly Criticized by Experts on Both Sides Earlier this week, Sen. Bob Corker negotiated an, as yet, unspecified “trigger” mechanism that is supposed to result in automatic tax increases some years down the road if the tax legislation working its way…
262,000 More Uninsured In Tennessee Premiums To Rise $2,970 For Tennesseans Cuts Medicare In Tennessee By $539 Million A Year A new report released by the Center for American Progress (CAP) predicts dire consequences for Tennessee under the Senate tax bill, which includes an amendment to repeal the requirement that all Americans have health coverage.…
Puts corporations over healthcare. Corporate tax rate is slashed from 35% to 20%, losing $1.5 trillion—equal to the cuts Republicans plan to make to Medicare and Medicaid. Puts Wall Street over seniors. Hedge funds, law firms, and real estate companies like Trump’s get a $448 billion tax cut from the drop (from 39.6% to 25%)…