Tuesday November 14, 2017
Here are a few facts to consider concerning the current Republican proposed tax change.
The current national debt is about $20.5 trillion. The number of U.S. taxpayers is about 140 million. This means that, on average, each current taxpayer is responsible for about $146,000 of the debt. The proposed tax changes would add about $10,000, on average, for each taxpayer.
My conclusion is that at a time when we should be reducing the debt, this proposed plan is fiscally irresponsible. It's a massive giveaway to the rich that leaves an even bigger IOU for us, our children, our grandchildren and future generations.
Most of us can recall when the current generations worked to make it easier for the next. This Republican Congress and president are only for themselves and their wealthy donors.
My hope is that our representatives in Congress will recognize how unfair this proposed change is to us average taxpayers.
GOP proposal hurts average taxpayers