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Disastrous new tax code
The Guest Opinion by Cathy McMorris Rodgers that appeared in the Spokesman-Review on April 17, 2018, “Out with the old, in with the new (tax code),” certainly demands a reply.
She repeatedly refers to the changes in the tax code as benefiting the middle class and families but the truth lies in the actual numbers. A married couple with two kids, earning $30,000, will see a refund increase of $817. A married couple with two kids, earning $75,000, will see a refund increase of $2,119. A single person with NO kids, earning $250,000 will see a refund increase of $14,484.
According to the Joint Committee on Taxation the national debt will increase by $1.46 trillion because of these cuts, and 42.6 percent of the total tax cuts will go to the top 5 percent of earners.
Look at these figures. Who do you think is going to pay for this enormous increase in the national debt and these huge tax breaks to the rich? You know it will be your children, and the children of the poor and the woman who called McMorris Rodgers “who was so ecstatic about the extra $90 per month … to put food on the table.”
No amount of “spin” can change the truth of this disastrous new tax code and McMorris Rodgers knows this only too well.
Tom Charles
Spokane