How the Republican Tax Scam Rips Us Off
The Republican tax scam is full of cuts for regular Americans while giving corporations and the wealthy a giant payday. Here are some of the people who would be hurt by the GOP bill:
- Health insurance: The Senate tax bill will repeal the individual mandate, causing insurance premiums bought through the Affordable Care Act marketplace to rise by an average of 10% every year for ten years.
- Teachers: Teachers would no longer be able to deduct the money—up to $1k out of pocket from their own salary—they spend to buy school supplies for their classrooms.
- Veterans: Businesses would lose the Work Opportunity Tax Credit for hiring veterans.
- People with student loans: The bill eliminates a deduction for student loan interest.
- Graduate students: Funding for graduate students' tuition would be considered taxable income.
- People with out-of-pocket medical expenses: The bill eliminates the medical expense deduction, which can be used on everything from hearing aids to costly prescriptions and which is a lifeline for those with persistent medical needs.
Whether the GOP tax scam would affect you in one of the ways above or in another way entirely, we want to hear your story—so we can make sure all members of Congress hear how this bill would hurt regular Americans around the country. Tell us how the GOP tax scam will affect you.