Regarding Ellen Brant’s letter of Sept. 11, if “everyone knows that income tax wasn’t eliminated,” as she stated, why did her husband’s letter state Trump approved no tax on Social Security?
Here are more facts about Public Law 119-21.
Regarding the supposed “no tax on tips” and “no tax on overtime” provisions, both are as riddled with temporary eligibility, deduction limits and income limits as the “no tax on Social Security” provision is. Yes, they might save some people some Federal income tax, but they do not eliminate Federal income tax on tips and overtime, as one would expect from the wording “no tax.”
Those hard-working Americans Mrs. Brant mentioned in her letter might see large increases in their Affordable Care Act health insurance premiums because the enhanced subsidies for such insurance were not renewed in the bill. The premium increase will dwarf any tax savings on tips and overtime and could cause millions of people — like small business owners – to go without health insurance because they can no longer afford it.
The law allocates $85 million to build a facility in Houston to house a space shuttle and move said shuttle from Washington to Houston. That’s certainly wasteful spending. If the “great” State of Texas wanted the shuttle, shouldn’t the taxpayers of that state provide the funding? A “great” example of Republican pork.
The legislation will add three- to four-trillion dollars to the nation’s debt, according to the Congressional Budget Office. But Freedom Caucus members, including Andy Biggs and founding member Schweikert, who are supposedly so concerned about that debt, suddenly lost their debt principles and voted for the bill.
It is clear the “no tax” provisions in the bill are anything but. The mere fact that the provisions are deductions proves that beyond a shadow of a doubt.
