Another report finds tax legislation better for rich than the poor | Arkansas Blog

Monday, November 27, 2017

Another report finds tax legislation better for rich than the poor

Posted By on Mon, Nov 27, 2017 at 7:27 AM

From the Washington Post:

The Senate Republican tax plan gives substantial tax cuts and benefits to Americans earning more than $100,000 a year, while the nation’s poorest would be worse off, according to a report released Sunday by the nonpartisan Congressional Budget Office.
To the Arkansas congressional delegation, this is a reason to vote FOR the tax bill, just as they'll vote to dismantle the move toward universal health coverage. If you're poor it's your fault. Indeed, the damaging impact on the poor is because the plan also brings a dramatic reduction in federal spending to help the poor have insurance coverage.

And don't let Cotton and Boozman and French and them tell you about how it is about deficit reduction.

The CBO also said the bill would add $1.4 trillion to the deficit over the next decade, a potential problem for Republican lawmakers worried about America’s growing debt.
This chart shows changes in taxes without allowing for changes in health coverage.
click to enlarge screen_shot_2017-11-27_at_7.25.41_am.png

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