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Monday, November 25, 2024

Texas U.S. Rep Lloyd Doggett: "As everyone would pay the same 30% tax rate no matter their income, billionaires would pay the same..."

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Lloyd Doggett tweeted the following:

"As everyone would pay the same 30% tax rate no matter their income, billionaires would pay the same rate as a teacher, fire fighter or nurse. A plan like this would raise taxes on 80% of Americans while cutting taxes on millionaires by 40%."
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Here are other recent tweets from Lloyd Doggett:

"Experts have shown that a national 30% sales tax would not come close to raising the revenue that the tax on corporate profits, the individual income tax and Social Security and Medicare payroll taxes raise. That means larger deficits and spending cuts to vital services."
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"Theres nothing fair about slashing taxes for the wealthiest few, increasing taxes on working Americans and threatening earned benefits like Social Security and Medicare that Americans have paid into. We cant afford the GOPs radicalism. #RepublicanTaxHike"
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"In addition to increasing the cost of everything you buy by at least 30% and probably much more, this plan will jeopardize Social Security, Medicare and other earned benefits."
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