Thursday, November 30, 2017

Please tell me again how the cynically named Tax Cuts and Jobs Act helps the middle class


Here's how much the House tax bill could cost Iowa's grad students.  (Des Moines Register, 11/30/2017)
The Iowa City university has about 2,818 graduate students who last school year received tuition waivers valued at $24.9 million, according to university officials. Under the House bill, if a student received an average tuition waiver of nearly $9,000 and was in the 15 percent income tax bracket, they would pay $1,325 in income tax on the award.

The GOP approves this message.

After all, it's what got Donald Trump elected.

Related posts:
Racial and ethnic makeup of the 115th Congress.  (11/30/2017)
Plutocracy in action: Donald Trump's America First tax cuts line the pockets of foreign investors with $520,000,000,000.  (11/30/2017)
Donald Trump's pants on fire.  (9/29/2017)

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