Letter: Taxes

To The Editor:

Information on the Average tax change from the TCJA permanency act.  (please notice the word permanency, they want it to be forever):   In 2026 in Michigan, If you are among the poorest, the 20%, you make less than $27,900, your tax break will be $90 a year. If you are in the second 20% , you make $27,900 to $52,900, your tax break will be $450 a year. If you are in the third 20%,  you make $32,900 to $90,800, your tax break will be $930. If you’re in the fourth 20th%, you make $90,800-$151,200, your tax break will be $1600. If you’re in the next 15%, you make $151,200-$306,800, your tax break will be $3050. If you’re in the next 4%, you make $306,800-$751,900. Your tax break will be $9780. If you are among the richest 1 percent of our state,  you make $751,900 and more, your tax break is $35,970. 

 Noticed the huge differences?  Where are you on this scale?  (this information can be found at the institute on taxation and economic policy,  ITEP.org)

These tax cuts will affect:
Medicare services to  seniors in two primary ways. The lowest income seniors, dual eligible, can also be enrolled in Medicare and have their cost sharing paid by Medicaid and others requiring long-term care services and supports and may be enrolled in Medicaid, which pays for nursing home care for five out of eight residents. (CKFF, Medicaid in United States, August 2024).

Already the 2017 Trump GOP tax law made it so corporations pay lower marginal tax rate than workers making $45,000 a year. Fair? The time on this law  has almost run out but this administration wants to enlarge it and continue. This administration wants to get their pain filled Budget reconciliation bill passed before Memorial Day.

Call your members of congress, find at congress.gov and type in your address  today and often and let them know how you, family or neighbors will be impacted. Our stores are important. Or just call and tell them to vote NO!
And pass these truths along. 

Valerie Deur