I was reading the various reports of the plan the House Republicans proposed, which was immediately rejected by Obama, and realized that their plan would raise taxes on all homeowners in order to avoid raising the taxes on the wealthy.
The GOP plan was to reduce the tax deductions on things like mortgage interest and charitable donations.
If you get less of a deduction for your mortgage interest and charitable donations, which includes church tithing, then guess what? You’ll pay more income tax!
House Republicans are throwing us under the proverbial bus in order to make it look like they are standing strong against any tax increases on the wealthy.
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