In his guest column in the April 19 issue of The Central Virginian, Congressman Dave Brat painted a rosy picture of the effects of the Tax Reform Act. He claims that over 90 percent of middle class Americans will get a tax cut of $2,000 this year.
But wait a minute—you have to be making $76,000 a year to get that size reduction. And that is a single person’s income, not a family income. For that to be the average, you have to be using a really wide brush to paint such a picture of the middle class. It certainly isn’t the average or median income family in Louisa County.
If you are making minimum wage, your reduction will be less than $200 annually.
Mr. Brat extols the reduction of tax rates on small businesses. That’s great. But wait a minute? What do you call small? What about the dramatic reduction in corporate taxes, from 35 percent to 21 percent? That’s not just for “small” businesses.
There is a problem with reducing taxes. If the government takes in less revenue, how will we pay for roads, schools and other infrastructure? We won’t be able to, and they are already talking about cutting Social Security and Medicare because we “can’t afford” them.
Editors Note: This letter originally appeared in the May 3rd edition of the Central Virginian, and has been re-posted with the author’s permission.