democrat bobby bliatout for congress.
tax reform for the middle class.
This last December, the Trump administration and Congress passed a tax plan that devastates the middle class and working families while giving huge tax cuts to corporations. Devin Nunes called the plan, "fair and simple." It is any but fair and certainly not simple as the plan will add $1.7 trillion to the federal deficit over the next ten years. That will force interest rates to levels we haven't seen since the 70s.
Most importantly the tax plan does nothing to incentivize corporations for keeping their operations in the U.S. So, Google and Apple will continue to make record profits while the American people pay for their 14% tax cut.
The bottom line is that the so-called tax reform plan would help billionaires and corporations, all while hurting the Valley's middle-class and working families.
Here's my tax plan
Tax reform to help the Middle ClaSS
Make sure corporations and the 1% pay their fair share of taxes by banning off-shore tax shelters.
Simplify the corporate tax code to eliminate ineffective tax breaks. We can reward corporations for creating jobs by making taxes straightforward and simple.
Tax wealth and work the same way. Today, those who receive a salary pay a far higher tax rate than billionaires pay on their investments.