Like most of us, I recently sent in my income tax forms. I owed and sent in a check. Then I took a look at what the Republican tax cut was going to do for me. After all, I’m a member of the middle class, so I should be happy right? Wrong. Very wrong. Next year my taxes will be higher, much higher and they’ll continue to go up as more of the so-called cuts go away.
Contrast this with Ford Motor Company, which just published its financials. They had a billion-dollar profit in the first quarter and expect to pay only nine percent in effective tax. Not the 21 percent the tax cut calls for. Without the tax cut their effective tax rate would have been 13 percent. So, loopholes prevail, and I’m getting hosed while Ford sends more money to their stockholders.
According to the Congressional Budget Office, the Republican tax cut will add 1.3 trillion dollars to our national debt. Isn’t it the Republicans who scream about raising the debt? Why did they do this?
And why would Rep. Dave Brat write an op-ed claiming the tax cut was a good thing? Is he so misinformed, or is he just parroting the party line? I believe he’s parroting and knew the tax cut would hurt me and many like me.
As an independent voter, I’m going to be looking for a suitable replacement for Dave Brat. Someone I can talk to and see in person once in a while. Dave Brat has made himself practically invisible here in Louisa County. We voted out Eric Cantor (our last congressman) for many of the same reasons.
For now, I need to review my budget to see where the additional tax will hurt the least. I hope you are doing the same.
There are primaries coming up in June. Please vote.
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.