Bernie’s slam on Trump Tax Plan

October 17, 2017 by stephenshubert

Bernie Sanders picks apart Donald Trump’s “pathetic” tax plan that would cut taxes for the richest Americans by billions while slashing social programs for Americans who depend on them the most.

Why tax cuts for high-income households and corporations won’t help working families.  Tax reform Questions:Read the full article

Will tax cuts threaten Social Security, Medicare, Medicaid, and the Affordable Care Act (ACA)?
Almost certainly yes. While there’s no actual economic reason why expanded deficits should force changes to public spending in the near term, we know that any increase in deficits causes misguided “deficit hawks” (often from both parties) to consider making cuts to valuable public programs. And in the long term, healthy tax revenues are essential to maintaining these vital programs.
Do small business owners need a tax cut to level the playing field with larger corporations?

No. Arguments over business tax reform often misleadingly imply that there is a “small business tax rate” that could be cut to help out small business owners. There is no small business tax code in the United States.

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