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In the biggest overhaul of the US tax system in 30 years ,not one democrat voted for the middle-class tax cut !

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December 21,2017

the staff of the Ridgewood blog

Ridgewood NJ, according to the website Unbiased America author Kevin Ryan calls it the smoking gun in the tax cut. Rayan writes , ” If you want a smoking gun that the media and Democrats are actively spreading falsehoods about the tax cuts, this is it. Earlier this week, Congress’ bipartisan Joint Committee on Taxation released an analysis on the proposed tax cuts which showed that $61 billion, or 23% of the total cuts on the individual side, would go to the middle class (which they define as families making between $20,000 and $100,000). Democrats pounced on the figure, and the media parroted their criticism that “only” 23% of the tax cuts were going to the middle class. Except they left out one important piece of information.

The middle class only accounts for 3.9% of total individual income tax payments.

In other words, the group that only contributes 3.9% of federal income tax was getting 23% of the benefit of these cuts. The media has the narrative backwards. Not only is the middle class benefiting from this reform, they are benefiting disproportionately relative to how much they pay into the income tax. ”

ABC News reports Republicans’ “first major legislative victory” under President Donald J. Trump is the “largest overhaul of the tax code in 30 years.” The bill simplifies the tax code by eliminating several special interest loopholes and doing away with Obamacare’s individual mandate. The President said Americans would start to see the bill’s effects beginning in February. “This bill means more take-home pay. It will be an incredible Christmas gift for hard-working Americans. I said I wanted it done before Christmas. We got it done,” President Trump said.

In the biggest overhaul of the US tax system in 30 years , its important to note that not one democrat voted for the middle-class tax cut .

10 thoughts on “In the biggest overhaul of the US tax system in 30 years ,not one democrat voted for the middle-class tax cut !

  1. Sounds biased.

  2. That’s because it is NOT a middle class tax cut.

  3. It is the opposite of a tax cut except for the very wealthy (and not for the merely wealthy). It is going to hurt us very badly. Our state and others were direct targets. It’s shameful.

  4. lol , my taxes are lower ,but if you have a huge mortgage and typical Ridgewood property taxes and your upper middle income taxpayer hummm

  5. The Tax Policy Center calculated that 80% of taxpayers will see a decrease in taxes next year. You can’t give a tax cut to 80% of taxpayers and have it only apply to the “very wealthy.” Sure NJ got screwed but that’s just because 46 states got tired of underwriting the tax-loophole of four states. And hey, look at how we vote!

  6. this is lesson for everyone subscribing to the tax the rich philosophy , to someone else you are rich

  7. this is lesson for everyone subscribing to the tax the rich philosophy , to someone else you are rich
    and Phil Murphy ran on raising taxes ,he was overwhelming elected , people in new jersey want higher taxes

  8. Wake up NJ. Boeing, ATT (who move down out of NJ), Comcast, Wells Fargo, and about 12 more companies so far have announced employee bonuses, wages, increased capital spend, and hiring all due to tax cut. That is all great for middle class and everyone else

    Illoinis (another high tax state) like NJ calculate it is losing people at the rate of one every 4 minute every to low tax states. Wonder how NJ is doing for mid to high income families leaving the state? How many will leave when Murphy gets his way.

    How can anyone defend a 11-13% state income tax in a state that is bankrupt. How can anyone defend ridgewood property tax that is some cases are 50-100k on houses that lose value every year, with schools getting worse, services declining, and no end in sight. Can we really defend a 110 million annual school budget? How many adminstrators do we need? How many vehicles does the schools need? We neeed to really look into this budget and trim the fat. The kids are getting shortchanged. Walk into the high school and look at the teacher absense list and how many kids get assigned to just sit in a large room with a supervisor but no lessons.

    We need to wake up, the federal government is finally doing something. Local should be easier with proper leadership.

  9. Kevin Ryan’s numbers are purely invented. Middle class tax payers contributed over 40% of the individual taxes, not 3.9%. Those earning between $200K and $250K alone contributed 6%. Try posting something factual please.

    https://taxfoundation.org/new-irs-data-wealthy-paid-55-percent-income-taxes-2014/

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