colin-seeberger.bsky.social
@colin-seeberger.bsky.social
4/4 Finally, the plan will also undoubtedly increase the debt/deficit. Who pays the price? The working class, which -- unlike the rich -- can't pay cash for major purchases like a home or car, in the form of higher interest rates.
February 26, 2025 at 3:32 PM
3/4 The plan could also take an ax to tax policies that benefit the working class.

- End the child & dependent care tax credit
- ✂️ the mortgage interest deduction cap
- Make it harder for taxpayers to claim the child tax credit
- Eliminate tax credits for education expenses
February 26, 2025 at 3:32 PM
2/4 But cuts to health and food programs aren't the only way the GOP would force the working class to foot the bill for tax cuts for the rich.
February 26, 2025 at 3:32 PM