It’s tax time and lots of us are getting a clearer picture of our personal and family finances. The Trump tax cut plan is showing what it’s really made of. Some of us got a few extra dollars in our paychecks last year. But they didn’t tell you that was your tax cut, paid out a little at a time and now you still owe about the same at year’s end. A lot of folks owe even more than usual.
But whatever your situation, for every dollar extra you got, the super wealthy got about a thousand dollars. And guess what? In January 2021, right after the next election, you lose your extra dollars. But the super wealthy don’t. Want to take a guess how the Trump plan will continue paying extra dollars to the super wealthy?
Yep. Your taxes will probably go up. If not immediately, pretty soon because the Trump tax plan will add 2 trillion dollars to the debt (Republicans used to care about that). And guess who gets to pay for it?
As a political independent I look for issues and information. You might consider looking outside of your tribe.
— Mark Van Loon, Hamilton