Big Labor Tax Break
Sec. 138514 provides for an above-the-line deduction for up to $250 in “dues” to a labor organization. This deduction would be distortionary tax policy that does little or nothing to help the majority of middle-class families. It is a more harmful and favorable version of the union dues deduction that existed before the GOP tax cuts repealed it.
The tax deduction the TCJA repealed allowed employees to deduct any unreimbursed expenses (including union dues) that exceeded 2 percent of their adjusted gross income. However, this distortionary deduction was repealed as part of a trade-off that resulted in lower taxes for the middle class across the board. Now, the Left is artificially trying to buttress union membership and fill their political war chests, as union political giving almost entirely flows to Democrats.
This deduction would cost $4.25 billion in revenues.
Peter Roff
Peter Roff is affiliated with several Washington, D.C. public policy organizations and is a former U.S. News and World Report contributing editor who appears regularly as a commentator on the One America News network. He can be reached by email at [email protected]. Follow him on Twitter @PeterRoff.
Peter Roff
Peter Roff is affiliated with several Washington, D.C. public policy organizations and is a former U.S. News and World Report contributing editor who appears regularly as a commentator on the One America News network. He can be reached by email at [email protected]. Follow him on Twitter @PeterRoff.
There’s a piece of the pie for everyone.
What happens when the pie is gone?
No Prior Experience Or Skills Required. XYZ Be Your Own Boss And Choose Your Own Work Hours.
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Milley is just one more CATHOLIC TRAITOR. Pelosi, Biden, McConnell, Kerry,
Blinkin (Sec. State) SCOTUS are all CATHOLIC TRAITORS.
This is the entire head of the US govt!
Mess things up beyond repair, then declare a great victory.
Have you ever heard of a CATHOLIC nation that was not bankrupt?
Have you ever heard of a CATHOLIC nation that was successful?
Have you ever heard of a CATHOLIC nation that had an infrastructure?
Have you ever heard of a CATHOLIC nation that is educated?
Have you ever heard of a CATHOLIC nation that is not corrupt?
Have you ever heard of a CATHOLIC nation that is not crime ridden?
The only difference between Muslim and “C” is the continent they destroy.
R and D mean nothing. Catholics are Catholics, NOT Americans.
Let’s keep religious institutions out of the discussion. I’m not “C” but I am a Christian. There are a lot of good and a few bad people in all religious groups. This is all purely political ideology and not religious. It’s socialism! Let’s focus on the evils of socialism.
Alfie was probably raped by a priest
The country is going through financial issues so the communist democrat cult party says spend like there is no tomorrow! And they beat the drum of just tax the rich, what a bunch of donkey holes!
None of the communist democrat cult party members know anything about economics except to keep printing money when you run out! This concept has worked so well in the banana republic for which they stand! (they are all broke)
Fire all communist democrat cult party members from all offices and deport them to Afghanistan!
Well, My children , all grown and on their own, will have to pay for the vast unprecedented printing of fiat money by the Democrats and socialists in our society. My kids believe in global warming and the green new deal. We paid for their college education but they still think that there is “Pie in the sky” along with the Marxists from the Northeast. Bernie Sanders has got all our children snowed in with his sinister “Everything is free” programs and the Deocrats pass legislation to fund the Green new Deal with printed up money that will only go to cronies and almost nothing will improve our infrastructure. I doubt that the pencil pushers and laptop benders can do any real work. I worked as a pipefitter and engine mechanic until my industries were shut down ( Never to Return ). These progressive kids and little old ladies ( widows of the working class worn out and dead men ) vote for the lying ,scheming, lazy Democrats. The tab for all their spending will not fall on the rich who are now offshore. What a swan song for an old man!
May all who voted to keep this hypocrite in office, feel the financial pain as well as the Immigrant pain of destroying your State.