Tax Reform. How It Will Affect All of Us

 

11/2/2017 From GOP

Tax Cuts and Jobs Act https://fairandsimple.gop/

The Bill

The Summary

FAQs

Policy Highlights

What it means for you. 

Heritage Weekly Call Notes and Action Alerts here

What You Need To Know About The GOP Tax Plan.  Key Take Aways 

Heritage Foundation: Don’t Believe False Reports That Say Eliminating the SALT Deduction Would Cost The Average Taxpayer Tens of Thousands of Dollars

24 House Republicans From Blue States Resist Pressure to Embrace Costly Tax Deduction.    Just seven high-tax states receive more than 50% of the value of the state and local tax deduction

 

and more  ...   This Tax Deduction Forces Americans to Subsidize High-Tax States

HR1 Repeal Death Tax video:  https://twitter.com/GOPLeader/lists/housegop

 11/3/2017 For up to date info on the Tax Cuts and Jobs Act, please click here. 

11/6/2016 Much will be happening in the coming weeks on #taxreform in both the House and the Senate.  Information will be updated as necessary.    http://ashevilleteaparty.org/?page_id=16379.  

11/5/2017:  Rep Mark Meadows and Peter King on ABC News with different views of tax plan!  https://www.youtube.com/watch?v=RZZT4BMmmXQ

We will be seeking 3rd party validation of the CBO score from Heritage, FreedomWorks, and the Tax Foundation and other credible sources.  The CBO  cannot seem to estimate realistically.  

Also check our Twitter page and Retweet @AshevilleTeaPty.  Also check @Heritage_Action and @FreedomWorks and @taxfoundation

Don't Believe False Reports That Say Eliminating the SALT Deduction Would Cost The Average Taxpayer Tens of Thousands of Dollars

https://www.youtube.com/watch?v=O6N7ipuoujU

From 4:39 on SALT

Also see Heritage Action Call Notes for updates for in depth understanding of the principles upon which we are evaluating the tax reform bill. 

1.) lower and simplify the individual tax rate

2.) lower and simplify the corporate tax rate

3.) permit tax-free entrepreneurship (full expensing),

4.) tax profits only made in the U.S. (territorial system), and

5.) eliminate carve outs for special interests (including state and local tax deduction).