Monday, October 28, 2024

Sometimes A Politician "Promises" Tax Cuts

Many politicians promise tax cuts when running. They rarely can make them. Sure, sometimes they can pass 1 or maybe 2, but it is rare. And "eliminating" is the most challenging tax cut of all.



Here is what McFascist is promising:

  1. Remove taxes on tips for the service industry
  2. Remove taxes on seniors' social security benefits
  3. Caregiver tax credit for family members
  4. Count car loan interest will be deducted from your taxes
  5. Eliminate "double" taxation for overseas residents
  6. Fully extend all current tax breaks when they expire next year
  7. Lower corporate tax rates from 21% to 15%
  8. Remove cap for state and local income tax deductions
  9. End income taxes altogether (this will be done using the "very wonderful" tariffs he raises)

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