Enough is Enough, Stop the GOP Tax Plan

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November 21 UPDATE: The Senate is on recess, and is expected to vote on the tax plan early next week. It's important to keep the pressure on this week, especially to Senator Paul, with a simple: "I'm a Kentuckian, and I urge you to VOTE NO on the tax plan."

KFTC is working for a day when companies and the wealthy pay their share of taxes and can’t buy elections. The Republican tax proposals coming out of Washington--from the person occupying the White House, from the House, and most recently from Senator McConnell's Senate--are deeply problematic. 

The intent of these plans is not to fix a problem in our tax code, or even to reduce the national deficit. The intent of these plans is to cut taxes for the wealthy and corporations, and to make vulnerable the programs that so many of us depend on: especially Medicaid, Medicare and Social Security. The plans violate our values that tell us to be with each other in hard times and they undermine the role of our government. They are a scheme to dismantle our core democratic institutions, and we must fight them.

Here in Kentucky, Governor Bevin and Republican Party leadership have tried to follow the same blueprint. For lots of reasons, including your work, their momentum has been challenged. Together, we can have an impact on the federal landscape as well.

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When the House bill would hit full effect here in Kentucky, the households with the lowest incomes would see an average of a $90 tax cut. Kentucky’s wealthiest 1% would see an average tax cut of $41,410. (Institute for Taxation and Economic Policy)

Those hearty tax cuts for the wealthy and for corporations come at a big cost – estimated to add $1.5 trillion to the national debt over 10 years.  That’s $150 billion a year. Here’s what the people of the United States could do with $150 billion a year:

  • Double Pell Grant aid, and

  • Double cancer research at NIH, and

  • Fund the full backlog of maintenance at national parks, and

  • Treat 300,000 people with addiction, and

  • Help the families of six million kids afford child care, and

  • Train 3.5 million workers for in-demand jobs.

The Senate Bill is different in one big way, as of November 14: It includes a repeal of the individual mandate in the Afforadable Care Act. 

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