In its first analysis of how the GOP tax plan will affect Americans' personal income taxes alone, the nonpartisan Tax Policy Center (TPC) this week underscored what experts and most of the public already knew: that the Republican tax law will pour tens of thousands of extra dollars into pockets of the wealthy few while providing mere crumbs for the poor.
Specifically, according to TPC's new report, the top one percent of earners will receive an average annual tax cut of around $33,000 just from individual tax changes under the GOP law. The poorest Americans, by contrast, will see an average break of about $40 per year.
[source : Under GOP Tax Law, Top 1% Get Extra $33,000 Per Year. The Poor? $40, Common Dreams, https://www.commondreams.org/news/2018/03/30/under-gop-tax-law-top-1-get-extra-33000-year-poor-40?utm_term=Under%20GOP%20Tax%20Law%2C%20Top%201%2525%20Get%20Extra%20%2433%2C000%20Per%20Year.%20The%20Poor%20%2440&utm_campaign=News%20%2526%20Views%20%7C%20%27Among%20Stupidest%20Policies%20Yet%20Proposed%27%20&utm_content=email&utm_source=Daily%20Newsletter&utm_medium=email&cm_mmc=Act-On%20Software-_-email-_-News%20%2526%20Views%20%7C%20%27Among%20Stupidest%20Policies%20Yet%20Proposed%27%20-_-Under%20GOP%20Tax%20Law%2C%20Top%201%2525%20Get%20Extra%20%2433%2C000%20Per%20Year.%20The%20Poor%20%2440, 30th March 2018]
An extra $40 a year.
Not per week. Not even per month.
$40 per year.
I mean, like, WOW!
I wonder what Alex Jones would do with all that $40? Hire someone to stalk and spy on his ex-wife for an extra hour a year?
Meanwhile, the national debt is expected to rise by $1.5 trillion, and $700 billion for the military while many social safety net programs are scrapped.