Discover and read the best of Twitter Threads about #goptaxbill

Most recents (13)

I gotta tell you, folks, I have been so sick for the past 2wks, I have really been scared.

Sept 22 House GOP passed their new cuts to Social Security Medicaid and Medicare out of committee. $1.2T in cuts.

That's the safety net.

I've always hoped I could fall there. No more.
I had to call my bestie today to have her come up and stay with me while The Wife is teaching.

Even with the oxygen, hard to breathe.

I had to cancel interviews for tomorrow, a radio appearance for Friday.

Chronic illness like #cancer is incapacitating at times.
We need to do better for sick and #disabled Americans.

It is so hard to work and be sick.

Never getting better sick.
Read 4 tweets
I think the real question is "how do we create the means and foundation for the agenda," not the money to pay for it.

We always get money by taxing working class and middle class people.
That's how we pay for the two wars we've been in for over 15yrs.
The #healthcare industry employs millions of Americans.
In the only vision Bernie Sanders has ever presented, that somehow disappears and is replaced by something completely magic. He has never had a plan for it or "breaking up the banks."…
The most workable--and quick--plan we could get (if people vote in November and the Democrats regain the House)--is the #MedicareExtraForAll plan.

Getting people to give up their employer-paid insurance will be hard, but this could convince everyone.…
Read 9 tweets
This link contains a complex but important, scathing dismantling of the core of the #GOPTaxBill by NYU Taxation Law Professor @DanielShaviro - how it made our tax system “less efficient, less fair and more complex.” —>…
Here’s where he reminds us how certain Senators seemed to suddenly back the #GOPTaxBill when provisions that helped them personally were added. #CorkerKickback
Here’s where he points out that certain “business owners” in “favored sectors” will enjoy lower tax rates than their own employees.
Read 6 tweets
Every Republican who votes for the #GOPTaxBill should be asked these 5 questions by every journalist and constituent:
1. What is your net worth?
2. How much do you personally stand to gain financially from the bill?
3. Did you vote for the bill at the urging of your donors?
4. How much will the average person in your district (or State if they’re a Senator) see in temporary tax relief?
5. Will you vote to cut Social Security, Medicare and Medicaid to cure the deficits this bill creates, as Paul Ryan and others have indicated they plan to do?
And then the journalists should fact check the answers, especially 1, 2 and 4.
Read 4 tweets
If you want to play along, here is the actual Full Text of Tax Plan aka #GOPTaxScam I am going to start reading and commenting follow if you want thread 1/?…
If you acquire a new home, you can only deduct $750,000 in interest, compared to $1,000,000.00 before. This could impact many homes in California, NY, and in a lot of urban areas that vote Democrat. #TrumpTax Plan 2/?
The #StudentLoan interest deduction will remain. Because they did not repeal all of the #EstateTax they just raised the exemption from 5 million to 10 million. #GOPTaxPlan 3/?
Read 15 tweets
#2000verses needs to keep going, now more than ever.…
Exodus 22:25
If you lend money to my people, to the poor among you, you shall not deal with them as a creditor; you shall not exact interest from them.
#2000verses #GOPTaxBill
Exodus 23:11
but the seventh year you shall let it rest and lie fallow, so that the poor of your people may eat; and what they leave the wild animals may eat. You shall do the same with your vineyard, and with your olive orchard.
#2000verses #GOPTaxBill
Read 38 tweets
Until we see what the @SenateGOP’s midnight rewrite looks like, let’s go over what we know the #GOPTaxScam does so far: [thread]
In my home state of New York and across the US, Americans will feel the repeal of the state and local deduction (SALT) which currently prevents double taxation.
The #GOPTaxBill opens up the Arctic National Wildlife Refuge -America’s most pristine wilderness- to drilling, a move opposed by most Americans and by tribal leaders.…
Read 10 tweets
My colleague @ggrhendricks and I looked at how much @SenRonJohnson and @RealDonaldTrump could benefit from the last-minute sweetener that was added to the #GOPTaxBill today. 1/
Johnson, joined by Senator Steve Daines, has been pushing make the huge loophole that the bill creates for people like Johnson and Trump even bigger. 2/
The underlying Senate bill allows a 17.4% deduction from net income from passthrough entities (e.g., S-corps, LLCs, partnerships), meaning that the top tax rate on that income would effectively be cut from 39.6% to 31.8%. 3/
Read 16 tweets
The GOP is pushing their #GOPTaxBill for their billionaire donors, but can only get enough R votes if the bill includes a backstop … that the billionaires don’t want? Mini-thread/
2/ Yesterday, it was reported that the #GOPTaxBill passed through the Senate Budget Committee only because GOP leaders agreed to some form of a backstop, or trigger.
3/ Basically, if the tax cuts don’t create the revenue and grow the economy the way the GOP says it will (and almost no economist thinks it will), the backstop would kick in and reverse the tax cuts.
Read 10 tweets
1/ #GOPTaxBill passage will create a shift in the social safety net as we have known it, and it will signal a change that government will no longer care for the needs of the poor — the criteria that the biblical prophets demand of all those who rule.…
2/ 91% of Congress members claim to be Christian. We'll be tweeting out some of the more than #2000verses in Scripture that reference justice & treatment of the poor. Retweet these to your senators to remind them. List of senators' handles here:…
3/ If you lend money to my people, to the poor among you, you shall not deal with them as a creditor; you shall not exact interest from them. Exodus 22:25. #2000verses #GOPTaxBill
Read 100 tweets
As @SenateGOP move forward with their #GOPTaxScam I decided to see how they would personally benefit from their plan.

39 Republicans are worth over a MILLION dollars!

4 are worth over 50 MILLION!

This tax plan benefits them personally.

Drill down for every GOP Senator
#Alabama is up first.
Alabama Richard Shelby

Vote NO
Read 54 tweets
1. Thread: a bunch of links to resources to help you take action to stop the #GOPTaxBill...
Are you calling Congress all the time? WHY NOT? Use call tools and tweetable Senator-specific graphics at @CAPaction’s microsite:
Are you in DC? Protest at the Capitol tomorrow! Learn more—plus a nat'l day of action Wed, march on Wall St Dec 2, & another Capitol Hill action Dec 5, at this coalition site:
Read 17 tweets

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