Political Quotes

“Second, Mr. Speaker, I include in the Record a letter out of a cross section of constituents who are directly and adversely impacted by this tax increase. MIDDLE CLASS CUTS Ms. Diane Hebenstreit--West Hartford, CT 06107 I am a lifetime resident of Connecticut, and I ask that you do not vote for the proposed Federal Tax plan. From what I see, it's providing large tax breaks that benefit the rich and the corporations. The estate tax benefit we have now is more than generous, only the very wealthy will benefit from repealing the estate tax. The proposed caps on state and property tax deductions combined with the increased standard deduction, will cause myself as well as others to use the standard deduction instead of itemizing. This will eliminate the financial benefit of owning my home, and I am concerned it will negatively affect its value. The personal exemption of $4,050 is going away. This is not something that's been highlighted in the news. So as a single payer, I'll receive a $12,000 standard deduction, but loose the $4,050 personal exemption resulting in more of my income being taxed than under the current plan. And at a higher rate! I am currently in the 10% tax bracket. Under this new plan it will increase to 12%. This is not a tax plan that benefits me, or I expect any other middle income resident. Vote No.”