Are you a tax policy nerd? You’ll love this episode. Even if you’re not into tax policy, we break down the clutter and show what others are missing about the GOP tax plan.
In this episode of the Conservative Conscience, we bring out the broad outcome and the individual details of the GOP plan to demonstrate why the GOP is called the “stupid party.”
The GOP is incurring all the worst political liabilities of a tax cut plan and getting none of the policy benefits. Worse, most middle-income taxpayers will wind up paying more in taxes in the long run. Meanwhile, these same families are getting hosed with $2,100 premiums, yet the GOP won’t repeal Obamacare.
We delve into how the GOP dealt with deductions in the worst possible way while failing to bring down rates enough to shield people from paying more. There are also stealth tax increases built into this plan. In total, it is not worth the paper it’s printed on.