Tax Plan
The Administration has proposed a tax plan to benefit the wealthy. Why is there no tax plan to benefit the middle class? Is there no one in either the Democratic or Republican parties who wants the vote of angry citizen voters?
Republicans Declare War on Colleges and College Students
To pay for a permanent tax cut on corporations, the Republican tax plan raises taxes on colleges and college students, which is part of a broader Republican war on higher education in the U.S. This is a big deal, because in the last half-century, the most important long-term driver of wage growth has arguably been college . The House bill would reduce benefits for higher education by more than $60 billion in the coming decade. It would shock graduate students with sudden tax increases, punish student debtors, and force schools to raise tuition at a time when higher education already feels unaffordable for many students. On balance, the GOP plan would encourage large corporations to invest in new machines in the workplace, while discouraging American workers from investing in themselves. https://www.theatlantic.com/business/archive/2017/11/republican-college/546308/?google_editors_picks=true
Why is there no Democratic party tax plan? What are they waiting for?
ReplyDeleteBecause the Democrats don't control the presidency, the Senate or the House so nothing they propose would be even debated. Republican House "rules" don't allow a vote or debate on any bill that the majority of Republicans don't support.
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