On Thursday the U.S. House is expected to vote on a disastrous tax bill that gives huge tax breaks to the wealthiest 1 percent and to corporations while raising taxes on 38 million working families and vastly increasing federal debt. This rewrite of the federal tax code redistributes income in favor of the wealthiest in our society and forces cuts in Medicare and other federally funded programs beneficial to working families.
Urgent: Tell Congress—Reject corporate tax cuts at expense of working Americans
The House leadership tax plan adds insult to injury by eliminating teachers’ tax break for purchasing students’ school supplies, largely eliminating deductions for state and local taxes that pay for public education, and eliminating tax deductions for student-loan interest paid. The bill is a job-killer, not a source of tax relief and jobs for working families. (The Senate version, by the way, makes matters even worse, proposing changes in the Affordable Care Act that would increase the number of uninsured Americans by 13 million!)