Tax Bill Encourages Corps. to Ship Jobs Overseas
Call Your Senators at 877-607-0785 – As tax reform looms over Capitol Hill, it is important to understand what could be at stake. Cuts are heavily weighted to corporations and the wealthiest. According to the Tax Policy Center, “Compared to current law, 9 percent of taxpayers would pay more in 2019, 12 percent in 2025, and 50 percent in 2027.” Those increases fall to low- and middle-income Americans, rather than the wealthiest. In selling the plan, proponents argue that benefits will trickle down to the middle class, despite these increases. Reality says something different.