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Thursday, January 11, 2018

Tax Cuts for the Rich - New Hampshire opposition echoes continue

Republicans continue to receive justifiable criticism for passing the tax cut for the rich, without regard to how the legislation fuels the nation's deficit and expands the gap between the rich and the poor.  

Here is an echo opinion, from the Berlin New Hampshire - The Berlin Sun

A tale of two counties under the Trump tax bill ~ letter to the editor fromTheodore Bosen

Tax cuts for for the rich and the reverse Robin Hood effect - Coos County and Rockingham County, New Hampshire

To the editor:

BERLIN, NH- According to the latest U. S. Census data, median Coos County household income stands at $42,000, while that of New Hampshire’s most affluent county, Rockingham, is $82,000. 

Both will receive tax cuts through the next presidential election in 2020, but by 2027, the Coos household will have a cumulative net tax increase of nearly $20,000, while the Rockingham household, a net tax cut of nearly $100,000!

This “Reverse Robin Hood” giveaway to the rich is verified for all to see in the tax analysis provided to Congress, by the non-partisan Congressional Budget Office, headed up by a George W. Bush appointee.

In reliance on the presumed information deficit among the likes of us Coos County Americans, President Donald Trump and his Republican enablers have continued to lie about the coming decade of middle-class tax increases

However, anyone with a computer can easily verify the CBO projections. Moreover, CBO disagrees with Trump’s wild “trickle-down” growth estimates that would allegedly make up for these huge tax giveaways to the likes of Rockinghamers. 

Instead, CBO predicts a resulting national debt increase over the next decade of $1.8 trillion, bringing the total to nearly 100 percent of Gross Domestic Product, a level generally thought unsustainable.

Trump, his Congressional GOP fat cats, and their corporate donors all make out handsomely and will undoubtedly count on preserving their windfalls by getting us middle class taxpayers to once again bail out their failing fat banks, as in 2008. 

Time to turn ’em all out while we still can, this November, and lyin’ Trump after ’em. As President “W,” the author of the last economy-crashing trickledown tax cut to the rich, once so prophetically put it, “Fool me once, shame on — shame on you. Fool me — you can't get fooled again.”

Theodore Bosen, chairman

Berlin Democratic Committee

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