NOTE: This does not include the damage inflicted by TRUMP'S BUDGET.
SLASHED:
Social Security, Medicare, Medicaid, Food Stamps, CHIPS [has not been funded], Community Health Care Clinics, Housing AND MUCH ELSE.
Thanks Jill Banks
TRUMP TAX:
1. Medical expense deduction for self employed removed;
2. Student loan interest exemption removed;
3. Eliminates the personal deduction;
4. Eliminates alternative minimum tax;
5. Eliminates mortgage interest deduction for mortgages over $500k;
6. Eliminates deduction for state and local taxes;
7. Eliminates 15% credit for those 65 & older or on disability;
8. Caps property tax deduction @ $10k;
9. Eliminates adoption expense deduction;
10. $500 family "deduction" GOES AWAY after 5 years.
11. Adds $1.5 Trillion to deficit;
12. Cuts Medicare by $1/2 Trillion (elderly);
13. Cuts Medicaid by $1 Trillion (vets & disabled);
14. Eliminates the estate tax for the super rich;
15. Doubles the holding period for interest (benefits real estate developers, PEOPLE LIKE TRUMP).
16. Brings corporate rate down to 20% but CLOSES NO LOOPHOLES. GE pays zero taxes like many other corporations. They're cutting the tax rate and leaving ALL the same loopholes. THIS IS NOT A TAX RELIEF PLAN FOR THE MIDDLE CLASS. THIS IS A CORPORATE TAX CUT PLAN, AND BENEFITS TRUMP DIRECTLY. Trump will gain upwards of $200,000,000 the first year.
In other words, it punishes people that work, the elderly, and the infirm and gives presents to the rich.
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