CMR tax brag

Perhaps I am math challenged, but from what I can see, Cathy McMorris Rodgers’ “tax reform” does nothing to help me and my wife.

As is so often the case with this trickle-down cabal of hers, they giveth with one hand and taketh away with the other.

My wife and I live on Social Security, a pension and retirement savings in a 401(k)-type plan. With CMR’s tax plan, we gain an additional $6,000 in deductibles, but lose $8,400 in personal exemptions. By my math, that puts us $2,400 behind where we were this year in taxable income. It is also true that our bracket drops from 15 to 12 percent. This may or may not make up for the difference from an increase in taxable income.

The worst part is the economic saber-rattling of her president. So far, the business genius in the Oval Office has cost us $34,000 in the value of our retirement investments.

This always seems to be the case with McMorris Rodgers. She blows lots of brightly colored smoke, well-groomed Fox-GOP talking points, and when the smoke clears, we find out how she screwed us once again.

Thanks, but no thanks, Cathy.

Jim Wavada

Spokane