Monday, November 27, 2017

An open letter about #GOPTaxScam

Here is a copy of the letter I sent to the undecided GOP senators about the tax plan. Feel free to use as much of it as you like when you reach out to your senators -

I am not a resident of your state, however, I wanted to reach out to you about the tax bill currently being considered because it's breadth will affect all of us.

While I do applaud any attempt to simplify the tax code, this bill was hastily conceived and has not been fully scored by the CBO, and therefore is unlikely to do much for residents of your state, and surely will have unintended consequences.

What we do know about this bill isn't promising. For one thing, the removal of the individual mandate will cause 13 or so million nationwide (a portion of those in your state) to be uninsured, and will also raise premiums by around 10% for most people.

Meanwhile, Medicare Funding would be cut by $25 billion. That would disproportionately affect people with disabilities and the elderly – our friends and family members who need it the most.

Also, the "average tax cut" is just a myth. 50% or so of tax cuts would go to the top 5% wealthiest households in the country in the first year of the law, and gives 98% of millionaires a tax cut compared to just 27% of middle class Americans. Taxes will go up - on average - for people making under $75,000.

While some tout the potential for job creation, I think it's safe to say that the opposite is likely true: corporations will have no incentive to spend the additional tax savings, and will be more likely to move more money offshore and essentially hoard it. And the wording in the bill would encourage more outsourcing of jobs.

Furthermore, there will be cuts to infrastructure investment which would mean our roads and bridges will continue to deteriorate. And surely, when there is the inevitable next storm, less money will be available for aid and repairs.

With changes to federal aid and block grants, your state may have to increase taxes to cover the losses form federal funds.

But it doesn't stop there. Students with loans, those working on research at universities, people with medical expenses, and teachers will all be harmed by the changes to the tax code.

There are also items contained within that have nothing to do with taxation: allowing churches to have a political voice, and restricting abortion are a couple of examples that make this more than a simple change to the tax code.

In the end, the deficit will surely grow, based on the reduced taxation. The number will likely be in the trillions. We all know that many republicans believe that we should reduce the deficit; assuming you believe this as well, surely you can not find this acceptable.

And lest I forget, while Donald Trump assured us that he gets no benefit from this tax bill, but we can see this is utter nonsense. He, personally, will save tens of billions on his tax bill. This is totally self serving and should be treated accordingly. He is pushing legislation that will directly benefit him, and this is not acceptable.

I hope you will vote NO on what many call the GOP tax scam.

Thank you

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