General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Dems Need To Get In Front Of This Tax Reform Bill From Trump Immediately.....
they need to really push massive tax breaks and savings for the middle class - well beyond what the Repugs and Trump think that they are giving up to the middle class with their proposal.
This way they have a real negotiating stance against the Repugs. if the Dems don't do this they take the chance of the Repugs and Trump painting them into a corner that - the Dems don't want to give tax breaks to the middle class.
If the Dems push for massive tax breaks to the middle class - the Repugs won't be able to use that against them.
hibbing
(10,113 posts)I've seen this movie before. Both parties serve their corporate masters.
Peace
elehhhhna
(32,076 posts)Sneederbunk
(14,319 posts)LonePirate
(13,441 posts)1. Eliminate the current lowest tax rate and bracket and/or sizably increase the standard deduction and personal exemption.
2. Eliminate the carried interest loophole.
3. Increase the capital gains tax rate for gains above $250,000.
4. Increase the estate tax.
5. Increase the AMT tax rate while adjusting the floor upward.
6. Increase the top tax rate.
7. Cap itemized deductions apart from charitable contributions.
8. Rework and restrict depreciation in corporate returns.
9. Overhaul/increase taxation on corporate executive pay and golden parachutes.
10. Tie corporate rate cuts to sustained and increased domestic employment (higher median wages and higher number of employees lead to lower rates).
If the Republicans want to wage class warfare that benefits the wealthy few at the expense of the other 90%, then we can play that game in reverse.