This is the thinking behind the GOP tax plan. Remember, a cold heart does not supply warm caring solutions.
#1 – Eliminating the tax write off for home mortgages does not burden the poor or renters. It also does not burden those who are so rich that their houses are fully paid for. The middle class – and particularly the middle class in states that charge income taxes – suffer greatly under this act. The tax adjustment adds up to a boon to the rich and to the poor without homes or mortgages – but a crippling burden on the middle class citizens that have homes with mortgages.
#2. The GOP tax plan collects less revenue than the current system, but our governmental obligations to the people such as healthcare, infrastructure, education, do not go away. That means our national DEBT will go UP even more under this plan. They don’t even deny that! That then devalues our currency further and simultaneously forces the interest rates to float upwards. ( Remember, they just got rid of Yellen. There was a reason for that.) When interest rates go up – home values go down! That’s common sense. And then what happens is there are more personal bankruptcies and the super rich step in and buy back the middle classes’ homes on the cheap.
Remember how this same debacle happened at the end of the Bush term in 2008? It is destined to happen again under this GOP tax plan. Who benefited from that 2008 debacle? The big banks and the super rich like Jared Kushner and Robert Mercer, et al. Cold-hearted people do NOT supply warm solutions – not ever!
The GOP tax plan is a diabolical two-step plan designed to let the super rich gain a further stranglehold on average Americans. It must be resisted with all our inner strength.
Get in touch with your INDIVISIBLE chapter. Voting out Trump GOP members at every level of government will continue to be out path back to an America we all can respect.
Raise Our Voices is a song I wrote exactly one year ago today. ( SoundCloud ) Raising our voices at the polls, the workplace and on social media continues to be the path back to a better USA for all of us.
Great job Tuesday. But don’t rest on that. These super rich international players are still working hard ( if you can call that work) to bankrupt America and buy it back cheap.
Continue to vote the Trump GOP, and all their stooges in DC – out of office!