4 days ago
Letter: Critics have the wrong idea about 2017 tax cut legislation
To paraphrase Ronald Reagan, here we go again, now referring to the lies coming from the media, Democrats and opinion writers. The 2017 Tax Cuts and Jobs Act created tax cuts for every bracket, with the largest cuts going to low- and middle-income taxpayers. At the same time, it brought in record tax revenue.
People should stop relying on the mainstream media and look for the truth on their own. It is very easy to find the true story by looking at the Statistics of Income Report published by the IRS. It details the percentage of tax decrease for every tax bracket.
There are new deductions in the new bill that I don't see anyone writing about, like no tax on tips, overtime and Social Security payments and deducting car loan interest on vehicles built in America. I don't think there are any millionaires or billionaires who will be able to take advantage of these new tax cuts, I'm just saying.
The Republicans are not cutting Medicaid benefits, they are trying to cut waste, fraud and abuse. Some of the things they are going to cut are removing over 1 million illegals immigrants, instituting work requirements for able-bodied people, stopping double payments and other fraud. President Donald Trump's favored nation drug plan will also reduce Medicaid costs.
It truly is the golden age of America, and everyone who keeps criticizing the president should just enjoy the new America.
Dennis Wasser
Windsor Township
