So being the robber barons they are, instead they promote raising taxes on many lower and middle income people to help pay for their tax cuts for rich oligarchs.
@KingsX @CatherineofAragon As a senior, I will pay more. He is removing the deduction for seniors, and raising the tax rate on lower incomes from 10 to 12%. Plus, as started some years ago, seniors have to pay tax on some of their social security money which they paid into all their working years. Social security is not a give away program, the government took our money every month, now they are taxing part of it. Trump will pay less, we will pay more.
"The lowest bracket will increase from 10% to 12%, the middle bracket will be 25%, and the highest tax bracket will fall from 39.6% to 35%."
Yes, they want to get this passed before the year is up, and it is written, at this time, so it will become retroactive to January 1, 2017.