From this article:
“…party leaders say the passage of the law appeased wealthy donors, who had been frustrated by Republicans’ failure to repeal the Affordable Care Act and had threatened to sit out the 2018 campaign. Now, flush with big checks from a handful of deep-pocketed donors, the Congressional Leadership Fund is serving as the party’s best hope of a defense against an electoral defeat in November.”
Sad!
Rick Newman on Yahoo says that “Business tax payments plunge, while workers pay more”
I can vouch for the withholding issue described below. I get a federal pension and my federal tax withholding was reduced by 17%. No way my taxes are going down that much. I reset it to last year’s monthly amount. I will see how close that is when I file my taxes in 2019.
Most of the benefits from the Trump tax cuts went to rich people. Now they want to give the wealthy even more in tax cuts. They can’t even try to claim this will help most people.
Sad!
The Trump tax law is a failure.
From the article linked to in the tweet below: “The Treasury Department last week reversed itself after lobbying by Nevada Republicans and agreed to let a previously ineligible county reap huge benefits from the new tax law.”
The Trump tax law is not popular. Remember, in the recent race for the House seat in western Pennsylvania, Republicans stopped running ads based on the tax cut because they weren’t working.
From the Monmouth Poll article: “The poll also finds that 34% of the public approve of the tax reform plan passed by Congress last December and 41% disapprove. Another 24% are not sure how they feel. These results have shifted in the past six weeks. Approval is down 6 points from 40% in late April and disapproval is down 3 points from 44%. The number who give no opinion on the plan has risen 8 points from 16%. Polls earlier this year had shown a more evenly divided public – 41% approve to 42% disapprove in March and 44% approve to 44% disapprove in January – with a smaller percentage of undecided opinion.”
update 10/6/18
Sad! 