Oppose Trump's Tax Scam on the Working Class

Civic DC • 10 December 2017
Event date 11 Dec '17 06:00 pm - 09:00 pm
Event location The White House • 1600 Pennsylvania Ave NW,, Washington, 20500, DC, United States
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Join others who oppose the GOP tax bill in a mass rally and march at the White House Monday December 11th at 6pm. 
https://www.facebook.com/events/384028522036053/
The most recent attack in the string of policies coming out of the Trump administration is the fatal Tax Bill. Recently passed by both Senate and the House the bill is now in committee being re-written to then be sent back to Congress for approval, after which it will go to Trump's desk for his signature. The Republican party is trying desperately to pass the tax bill before they go on vacation for the holidays. It's time to use the power of mass protest to show people are against this attack on working people.

Schedule:
6:00pm - Gather at White House
6:30pm - Speakers (list TBA) 
7:15pm - Begin march to Capitol building.

*If you would like to speak or have your organization endorse this event please contact the host of this page or leave a comment.

It is imperative those of us against this bill make our voices heard. The proposed tax bill is a permanent tax cut for the rich, while most working class people will receive little benefit and more of the economic burden. According to an analysis by the Tax Policy Institute, those making less than $55,000 a year would see almost no change in their taxes, while those in the top 1 percent would receive nearly 50 percent of the total benefits.

Among other things, there are cuts to the estate tax starting in 2018--and its total repeal by 2024. That alone amounts to a $265 billion tax break for the top 0.2 percent--a handful of the wealthiest families in this country, like the Walton family, the Koch brothers...and, oh yes, Trump. The plan also includes the largest one-time cut in taxes for large corporations ever--with the top tax rate dropping from 35 percent to 20 percent. Not to mention the opportunity for corporations to bring back billions of dollars in overseas banks without paying taxes on the money.

On the working class side...
Americans who are poor and even those considered middle class will see the miniscule tax cuts they might receive--on average, just $50 or less for those making less than $55,000 a year, according to the Tax Policy Center--evaporate in 10 years' time.

Under the House plan, by 2023, only 40 percent of Americans would be getting a tax cut at all. And the Senate proposal would actually raise taxes on families earning $10,000 to 75,000 a year over the course of the next decade, according to the Joint Committee on Taxation.

Older Americans will be particularly hard hit by provisions in the House bill that cut into the ability to write off medical expenses, as well as caps on mortgage interest deductions, property tax write-offs and cuts in personal exemptions.

In fact, the House bill is a masterpiece of nickel-and-diming ordinary Americans while throwing fistfuls of cash to the rich--like the provision to tax graduate students' tuition wavers as income, potentially increasing their taxes by an average 400 percent .

The House bill would also eliminate the $250 tax deduction that teachers are eligible to take for money spent on classroom supplies. And, predictably, if the legislation becomes law, union members will no longer be able to deduct union dues.

Blue states like New York and California will also be hit disproportionately hard since the House plan eliminates deductions for sales, income and property taxes at the state and local levels--potentially making it more difficult for some of the most populous states in the country to raise money for education, health care and infrastructure, among other things.

Use these hashtags on social media

*D.C. Tax the Rich Coalition was created specifically to host this event and in the hopes of sparking other protests/events around economic issues in the future.

Links:
http://www.taxpolicycenter.org/publications/distributional-analysis-tax-cuts-and-jobs-act-passed-house-ways-and-means-committee/full
https://www.politico.com/story/2017/11/19/gop-tax-reforms-state-capitals-democrats-247678
https://socialistworker.org/2017/11/21/the-tax-cut-weapon-in-their-one-sided-class-war
https://www.cnbc.com/2017/11/16/house-gop-tax-plan-could-increase-taxes-for-grad-students-by-400-percent.html

38.8976763, -77.0365298

8 months agoAdd to Calender 2017-12-11 23:00:00 2017-12-11 23:00:00 Oppose Trump's Tax Scam on the Working Class Join others who oppose the GOP tax bill in a mass rally and march at the White House Monday December 11th at 6pm. https://www.facebook.com/events/384028522036053/ The most recent attack in the string of policies coming out of the Trump administration is the fatal Tax Bill. Recently passed by both Senate and the House the bill is now in committee being re-written to then be sent back to Congress for approval, after which it will go to Trump's desk for his signature. The Republican party is trying desperately to pass the tax bill before they go on vacation for the holidays. It's time to use the power of mass protest to show people are against this attack on working people. Schedule: 6:00pm - Gather at White House 6:30pm - Speakers (list TBA)  7:15pm - Begin march to Capitol building. *If you would like to speak or have your organization endorse this event please contact the host of this page or leave a comment. It is imperative those of us against this bill make our voices heard. The proposed tax bill is a permanent tax cut for the rich, while most working class people will receive little benefit and more of the economic burden. According to an analysis by the Tax Policy Institute, those making less than $55,000 a year would see almost no change in their taxes, while those in the top 1 percent would receive nearly 50 percent of the total benefits. Among other things, there are cuts to the estate tax starting in 2018--and its total repeal by 2024. That alone amounts to a $265 billion tax break for the top 0.2 percent--a handful of the wealthiest families in this country, like the Walton family, the Koch brothers...and, oh yes, Trump. The plan also includes the largest one-time cut in taxes for large corporations ever--with the top tax rate dropping from 35 percent to 20 percent. Not to mention the opportunity for corporations to bring back billions of dollars in overseas banks without paying taxes on the money. On the working class side... Americans who are poor and even those considered middle class will see the miniscule tax cuts they might receive--on average, just $50 or less for those making less than $55,000 a year, according to the Tax Policy Center--evaporate in 10 years' time. Under the House plan, by 2023, only 40 percent of Americans would be getting a tax cut at all. And the Senate proposal would actually raise taxes on families earning $10,000 to 75,000 a year over the course of the next decade, according to the Joint Committee on Taxation. Older Americans will be particularly hard hit by provisions in the House bill that cut into the ability to write off medical expenses, as well as caps on mortgage interest deductions, property tax write-offs and cuts in personal exemptions. In fact, the House bill is a masterpiece of nickel-and-diming ordinary Americans while throwing fistfuls of cash to the rich--like the provision to tax graduate students' tuition wavers as income, potentially increasing their taxes by an average 400 percent . The House bill would also eliminate the $250 tax deduction that teachers are eligible to take for money spent on classroom supplies. And, predictably, if the legislation becomes law, union members will no longer be able to deduct union dues. Blue states like New York and California will also be hit disproportionately hard since the House plan eliminates deductions for sales, income and property taxes at the state and local levels--potentially making it more difficult for some of the most populous states in the country to raise money for education, health care and infrastructure, among other things. Use these hashtags on social media *D.C. Tax the Rich Coalition was created specifically to host this event and in the hopes of sparking other protests/events around economic issues in the future. Links: - http://www.taxpolicycenter.org/publications/distributional-analysis-tax-cuts-and-jobs-act-passed-house-ways-and-means-committee/full - https://www.politico.com/story/2017/11/19/gop-tax-reforms-state-capitals-democrats-247678 - https://socialistworker.org/2017/11/21/the-tax-cut-weapon-in-their-one-sided-class-war - https://www.cnbc.com/2017/11/16/house-gop-tax-plan-could-increase-taxes-for-grad-students-by-400-percent.html The White House America/New_York public Economic Justice #DCTaxtheRich #goptaxscam