Fraternal Order of Police Endorses Trump

[Donal]

Dude, that is an editorial from a lackey at the Heartland Insititue plugging his "research".

From About the Author

Justin Haskins (Jhaskins@heartland.org) is director of the Socialism Research Center at The Heartland Institute and the co-author, with Glenn Beck, of the forthcoming book “The Great Reset: Joe Biden and the Rise of 21st Century Fascism.”

 

[pgwenthold]

Dude, that is an editorial from a lackey at the Heartland Insititue plugging his "research".

From About the Author

"the Socialism Research Center at The Heartland Institute"

Um... ok.

 

[newyorkguy]

Oh now I'm 'Dude.' Wow, man.

How about Greg Olsen in the Washington Post?

A new analysis of Internal Revenue Service data is receiving a lot of attention among conservatives for showing that the 2017 tax cuts reduced the income tax burden of working-class taxpayers by a higher percentage than it did for higher-income earners. But conservatives should also recognize the main reason: expanded child tax credits that most supply-siders opposed. Washington Post article link (appears not to be paywalled)

Investopedia?

• Income Tax Rates: The law retained the seven individual income tax brackets. The top rate fell from 39.6% to 37%, while the 33% bracket dropped to 32%, the 28% bracket to 24%, the 25% bracket to 22%, and the 15% bracket to 12%. The lowest bracket remained at 10%, and the 35% was unchanged.167
• Standard Deduction: TCJA significantly raised the standard deduction. For tax year 2024, the standard deduction for single filers is $14,600 and $29,200 for married couples filing jointly.

Investopedia page link

 

[Stacyhs]

I'm an hourly worker so my income varies a lot from year to year. I couldn't tell you if my income tax went up during the trump years. I always get a refund anyway. Local property tax is a much bigger deal.

Same here. Before my husband retired, we always got a federal tax refund. After retirement, we don't get a refund or owe. But property taxes ($7,300 in 2023 and go up every year) are horrendous due to no state tax. People in southern WA cross the state line to shop because we have no state tax.

 

[Stacyhs]

Oh now I'm 'Dude.' Wow, man.

Quote:
A new analysis of Internal Revenue Service data is receiving a lot of attention among conservatives for showing that the 2017 tax cuts reduced the income tax burden of working-class taxpayers by a higher percentage than it did for higher-income earners. But conservatives should also recognize the main reason: expanded child tax credits that most supply-siders opposed. Washington Post article link (appears not to be paywalled)

How about Greg Olsen in the Washington Post?

Investopedia?

Thanks to Senate Republicans:

The bill would have aided 16 million children. But Senate Republicans said it could disincentivize work and hand the election to Democrats.

Seven months since the House passed a bill that would have expanded the child tax credit, the Senate has killed it.

In Thursday’s long-awaited conclusion to a debate that was supposed to have been settled by Tax Day, legislators sank a bipartisan bill that would have boosted the amount of the tax credit through the end of 2025 and extended more of its benefits to the nation’s poorest families. Although the vote was close, coming in at 48-44 largely split along party lines, the bill needed 60 votes to pass.

This week, Senate Majority Leader Chuck Schumer finally called a vote, in part to force Republicans to take a public stand on the bill ahead of the November election. Sen. Thom Tillis, a Republican from North Carolina, handed out pamphlets to Republican colleagues suggesting that voting in favor of the bill would “give Harris a win before the election.” He printed out fake checks made out to “millions of American voters” with the memo: “Don’t forget to vote for Kamala!”

Earlier this week, he [JD Vance] falsely claimed that Vice President Kamala Harris, the presumptive Democratic presidential nominee, has called to end the child tax credit. She has actually supported further expanding it. Harris was in favor of making permanent the changes enacted in 2021, when the credit was temporarily increased to as much as $3,600 per child. But Congress ultimately rejected that proposal, too.

 

[Donal]

Oh now I'm 'Dude.' Wow, man.

How about Greg Olsen in the Washington Post?

Investopedia?

Again for people in states with a higher cost of living, working and middle class got hit harder. Cutting the SALT deduction cost families thousands of dollars. And don't forget, the lower rates go back up year after year.

And we're not even mentioning the loss of services we all use.