December 14, 2017

Middle-Class Tax Cuts Keep Getting Paltrier in Republican Bill

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Remember how the Senate version of the tax bill didn’t quite pencil out, so they decided to make the individual tax cuts temporary? In 2025, they go bye bye. But it looks like maybe that still didn’t quite do the job:

Congressional Republicans are looking at shortening the duration of tax cuts that their plan would give to families and individuals, a leading lawmaker said Thursday….Republicans are now considering having those tax cuts expire in 2024.

Let’s see…divide by pi, carry the one…and it looks like the individual tax cuts will last for only six years. Then they expire so that the corporate tax cuts can be permanent. The pretense that middle-class families will see much benefit from this tax bill is getting thinner every day.

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We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

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