The following article by Froma Harrop was posted on the Creators.com website November 23, 2017:
The story making the rounds is that the Republican tax plan targets homeowners only in expensive blue states — people who tend to vote for the other party. That’s only partly true. Homeowners everywhere would get hit. The reasons will follow.
As a whole, the “reforms” are an abomination. Through some tricks to hide its effects early on, the plan would move more of the nation’s tax burden down to the middle class and lower. Some 13 million could lose their health coverage.
Worst of all, the GOP tax plan would cost between $1.5 trillion and $2.2 trillion over 10 years. As a result, the national debt would explode to 123 percent (!!!) of the gross domestic product by 2037 — that is, unless Republicans were to raid Social Security and Medicare. Continue reading “GOP Tax Plan Would Hurt Homeowners Everywhere”