Letter: Tax plan should benefit the 99 percent, not the 1

The current plan to reform and cut taxes is designed, by far, to help the top 1 percent. Those pushing this plan are misrepresenting the facts. For instance, while the statutory corporate tax rate is 35 percent, the effective rate is about 18 percent, with some of the largest corporations paying nothing.

They claim that the tax cuts will be used to hire and expand, but these costs are already tax deductible. Trickle down economics do not work. Since the last corporate tax cut, the wage gap between the workers and the executives has increased by 300 percent. Yes, we do need tax reform. Yes, increase the standard deduction. Count income from dividend, real estate, etc. as earned income, taxed at the same rate as workers.

It is not fair that the Buffet’s, Walton’s, Gates’s and Koch brothers of this country are in a lower tax bracket then their secretaries. Lower taxes for small businesses — they pay more then corporations. Allow small business start-up costs to be tax deductible. Yes, let’s have tax reform that is for the 99 percent.

This isn’t a conservative v. liberal issue. This is the 99 percent issue. If you agree contact, Dan Newhouse and tell him.

This story was originally published November 10, 2017 at 12:59 PM with the headline "Letter: Tax plan should benefit the 99 percent, not the 1."