peter kop ☮

Leaked memo from US House Budget Committee Republicans reveals Trump tax handouts to the wealthy estimated at $1.2 Trillion, includes: -Repeal 15% corporate profit minimum tax -Elimination of estate tax for millionaires -Lowers corporate tax rate to 15% -Reinstate corporate tax loopholes The memo also advocates for stripping away $80 billion from the IRS. They also want to tax hospitals and eliminate the charitable deduction for donations to hospitals. The memo also proposes a $1.9 TRILLION tariff on all imports. To pay for the tax breaks for the wealthy, the memo proposes $2.2 trillion in tax hikes for middle and lower income families. Includes: - Repeal green energy tax credits - Eliminate mortgage interest deduction - Raise taxes on single parents and students - Eliminate credit for child care The memo is also targeting vulnerable groups and individuals, especially the elderly, disabled, and impoverished families, it takes aim at the following: -Supplemental Security Income (SSI) -Temporary Assistance for Needy Families (TANF) -Supplemental Nutrition Assistance Program (SNAP) Healthcare services for millions are also at risk, the memo targets weakening or scrapping the following: -The Affordable Care Act -Medicaid -Nursing home staff -Medicare Consumer protections are also on the chopping block. This means it'll be easier for corporations to scam and steal from USians. The memo cuts the following: -Securities & Exchange Commission -Consumer Financial Protection Bureau -Office of Financial Research -Fannie Mae/Freddie Mac The memo also reverses all Climate Change protections and replaces it with items that will damage the climate even further. Again targeting national parks, and weather services, while expanding coal and offshore drilling. finance.senate.gov/imo/media…