Difference between revisions of "Benefits / Tax Cuts"

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m (Dancers1126 moved page Tax Cuts for the Wealthy to Benefits / Tax Cuts)
(WIP - adding SNAP and WIC sections)
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*'''Find out''' when your Senators and US Representative are holding '''[https://townhallproject.com/ town halls]''' and other [[Upcoming Events/Opportunities]]. Show up and tell them not to cut taxes for the highest earners.
 
*'''Find out''' when your Senators and US Representative are holding '''[https://townhallproject.com/ town halls]''' and other [[Upcoming Events/Opportunities]]. Show up and tell them not to cut taxes for the highest earners.
 
*Click [https://www.resistancemanual.org/People_and_Organizations here] to find an organization looking for volunteers.
 
*Click [https://www.resistancemanual.org/People_and_Organizations here] to find an organization looking for volunteers.
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==Food Stamps (SNAP)==
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*'''S'''upplemental '''N'''utrition '''A'''ssistance '''P'''rogram helps people buy healthy food.
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*Trump has shown that he will act against key protections for Americans like SNAP with comments that the program "shouldn't be needed often", and that "when half of food-stamp recipients have been on the dole for nearly a decade, something is clearly wrong, and some of if has to do with fraud."[https://ballotpedia.org/Donald_Trump_presidential_campaign,_2016/Federal_assistance_programs#cite_note-10]
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==The Special Supplemental Nutrition Program for Women, Infants and Children (WIC)==
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*The Trump administration's new budget plans to reduce the budget of WIC by $200 million.[https://www.washingtonpost.com/national/trump-seeks-47-billion-in-cuts-to-usda-discretionary-spending/2017/03/15/c8fd5622-09ab-11e7-b77c-0047d15a24e0_story.html]
  
 
==Trump / GOP Healthcare Bill==
 
==Trump / GOP Healthcare Bill==

Revision as of 20:34, 18 March 2017

This is a collaborative knowledge base; feel free to propose edits/additions that you believe are important for others to know. Contributions will be reviewed and approved based on quality and accuracy.

How You Can Resist

  • Call your Senator and US Representative by dialing tel:844-6-RESIST and tell them to vote against proposed actions that cut taxes for the highest earners.
  • Find out when your Senators and US Representative are holding town halls and other Upcoming Events/Opportunities. Show up and tell them not to cut taxes for the highest earners.
  • Click here to find an organization looking for volunteers.

Food Stamps (SNAP)

  • Supplemental Nutrition Assistance Program helps people buy healthy food.
  • Trump has shown that he will act against key protections for Americans like SNAP with comments that the program "shouldn't be needed often", and that "when half of food-stamp recipients have been on the dole for nearly a decade, something is clearly wrong, and some of if has to do with fraud."[1]

The Special Supplemental Nutrition Program for Women, Infants and Children (WIC)

  • The Trump administration's new budget plans to reduce the budget of WIC by $200 million.[2]

Trump / GOP Healthcare Bill

Who Benefits

  • Repealing the ACA would give taxpayers earning $200,000 or more per year ($250,000 for couples) a massive tax break, while reducing incomes for the lowest 60% of income earners who would lose tax subsidies for insurance premiums. [3]
  • The plan offers tax breaks to insurance companies that pay their CEOs more than $500,000 per year, incentivizing companies to overpay their top executives. [4]
  • The plan will eliminate the net investment tax, a 3.8 percent surcharge on almost all earnings from investments. This tax is only paid by single people with incomes above $200,000 and married couples earning more than $250,000. 90 percent of NIIT comes from the top 1 percent, so the elimination would boost after-tax incomes of the top 0.1 percent by 2.2 percent or an average of $165,000 a year.[5]
  • Eliminating the 0.9 percent surcharge on the Medicare taxes imposed on high-income earners — people making more than $200,000 a year and married couples filing joint returns who earn more than $250,000 a year.[6]

Who is Harmed

  • Repeals tax credits for low-wage small employers starting in 2020.[7]
  • The tax credit for people buying insurance privately will become age based (rather than income-based) and will be reduced by $100 for every $1,000 more someone earns above $75,000. These tax credits cannot be used to purchase a health care plan that covers abortion services. [8]. The tax credits also don't change if you live in a place with higher health care costs.[9]. The tax credits also don't change as health care costs increase.[10]
  • Married Taxpayers are only eligible for tax credits to help pay for health insurance coverage if they file a joint tax return. This will harm married women in unsafe or difficult situations; By requiring married couples to file joint returns, the bill ignores very significant situations where filing jointly may not be possible or safe: including physical or mental abuse, pending divorce, or when one spouse is incarcerated.[11]
  • The "Joint Filing Requirement" would require sharing of information between a survivor and her abusive spouse. This may reveal sensitive information like a new physical address, phone number, employer and bank account. In the case of an abandoned spouse, there is no husband for the purposes of tax filing. With this repeal bill, women in these two scenarios would not be eligible for tax credits to purchase health insurance.[12]

Trump's Tax Reform Plan

Who Benefits

The people who will receive a tax cut under Trump's tax plan are disproportionately wealthy:[13]

  • Top .1% will receive a tax cut of $1.3 million
  • Top 1% will receive a tax cut of $214,000
  • Top 20% will receive a tax cut of $16,660

Who Is Harmed

  • People who will receive a tax increase under Trump's plan are disproportionately people of color and single-parent households:[14]
    • 51% of single parent households
    • 8% of married households filing jointly
    • 32% of black households
    • 24% of Hispanic or Latino households
    • 19% of white non-Hispanic households
  • Trump's tax plan would cut discretionary spending - where most programs for poor families come from - from 6.3 percent of the economy now to 5.3 percent in 2027 (the smallest level since 1962).[15]
  • Trump's plan to repeal the inheritance tax would make wealth inequality worse in America.[16]

Vulnerabilities in Their Strategy

  • On average, states with Republican leadership are more dependent on the federal government for funds than are Democratic states.[17]

Source