Seven Reasons Why The Republican Tax Bill is Bad For Working People

Kelly Ross AFL-CIO

Republicans in Congress have reached agreement on a job-killing tax plan that makes working people pay the price for massive tax giveaways to millionaires and wealthy corporations

 

Here are the main reasons the legislation is bad for working people:

  1. Rigging the rules. Big banks, hedge funds and other Wall Street firms are the biggest winners from this tax bill. The richest 1% of households would receive 83% of tax cuts, and the richest 0.1% would get an average tax cut of more than $148,000. The tax bill is full of complex tax gimmicks that would encourage tax dodging while enriching lawyers and accountants.
  2. Job-killing tax breaks for outsourcing. The Republican tax plan would lower the U.S. tax rate on offshore profits to zero, giving corporations an incentive to move American jobs offshore.
  3. Medicaid and Medicare benefit cuts. Republican leaders in Congress already have signaled that once they’re done increasing the deficit with their wasteful tax boondoggle, they plan to use the deficit as an excuse to cut Medicaid, Medicare and Social Security. The Republican budget already would cut Medicaid and Medicare by $1.5 trillion—the same price tag as the tax bill.
  4. Tax increases for millions of working people. The average household making less than $75,000 would pay more in taxes by the year 2027. In all, 70 million households making less than $100,000 eventually would pay more.
  5. Partial repeal of the Affordable Care Act. By partially repealing the Affordable Care Act (Obamacare), the tax bill would mean health care premiums in the individual market would rise by 10%, 13 million people would lose health insurance, and as many as 15,000 or more people would die every year.
  6. Cuts to public education. By limiting the state and local tax (SALT) deduction, the Republican tax bill would reduce state and local funding for education, infrastructure and other essential public services we all depend on. A new backdoor school voucher program would give tax breaks for tuition at private K–12 schools. Republican leaders in Congress also plan to use the deficit they created as an excuse to cut federal funding for education and other essential services.
  7. Taking sides. While corporations still could deduct their payments to lawyers to fight unions, working people no longer could deduct union dues or such work-related expenses as travel, work clothes, work-related education, work tools or work supplies.

 

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Reposted from the AFL-CIO

Posted In: Allied Approaches, From AFL-CIO

Union Matters

The Big Drip

From the USW

From tumbledown bridges to decrepit roads and failing water systems, crumbling infrastructure undermines America’s safety and prosperity. In coming weeks, Union Matters will delve into this neglect and the urgent need for a rebuilding campaign that creates jobs, fuels economic growth and revitalizes communities. 

A rash of water main breaks in West Berkeley, Calif., and neighboring cities last month flooded streets and left at least 300 residents without water. Routine pressure adjustments in response to water demand likely caused more than a dozen pipes, some made of clay and more than 100 years old, to rupture.

West Berkeley’s brittle mains are not unique. Decades of neglect left aging pipes susceptible to breaks in communities across the U.S., wasting two trillion gallons of treated water each year as these systems near collapse.

Comprehensive upgrades to the nation’s crumbling water systems would stanch the flow and ensure all Americans have reliable access to clean water.

Nationwide, water main breaks increased 27 percent between 2012 and 2018, according to a Utah State University study.  

These breaks not only lead to service disruptions  but also flood out roads, topple trees and cause illness when drinking water becomes contaminated with bacteria.

The American Water Works Association estimated it will cost at least $1 trillion over the next 25 years to upgrade and expand water infrastructure.

Some local water utilities raised their rates to pay for system improvements, but that just hurts poor consumers who can’t pay the higher bills.

And while Congress allocates money for loans that utilities can use to fix portions of their deteriorating systems, that’s merely a drop in the bucket—a fraction of what agencies need for lasting improvements.

America can no longer afford a piecemeal approach to a systemic nationwide crisis. A major, sustained federal commitment to fixing aging pipes and treatment plants would create millions of construction-related jobs while ensuring all Americans have safe, affordable drinking water.

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There is Dignity in All Work

There is Dignity in All Work