The GOP will double the standard deduction form $12,000 to $24,000! Loss of Deductions?
Lets get down to FACTS OK?
The Democrats are doing what they always do. Distort the facts, leave out facts, fearmongering as always.
Lets see what the Democrat Party is leaving out from the fake news.....
The Republicans want to DOUBLE THE STANDARD DEDUCTION!!!!!!!!!!!!!!!!!!!
The Republicans want to lower the tax bracket on many middle class and lower class workers to 12%.
The republicans want to increase tax credits for children in lower & middle class families.
Do you hear about these facts from the Left? NEVER! It would not fit in with their constant deceptive fearmingering lies about the GOP.
So tell me, if they doube your standard deduction to $24,000 from $12,000, would those mortgage or state tax deductions mean SQUAT?
No, to many millions of middle class families like my own, I would get a huge tax break because I could never get $24,000 worth of deductions if I itemized.
Deceptions as always.
Guess who those loss of deductions would truly hurt? The Rich because they would be the main ones with those kinds of huge mortgage deductions.
Now I do not expect any honest response from deceptive people whose goals are only demonizing the GOP on tax overhauls.
These GOP tax plans are huge tax breaks for the middle class yet we still hear constant chants of how the GOP, love the Rich, love the Rich, Love the Rich.
The truth is that the Left hates any tax cuts for the middle class because it takes away from money that they redistribute to buy their votes.