To: US Congress
Tax breaks for the working people and small businesses
In order to help the economy due to the impact of the Coronavirus, I am concerned that politicians will give help to the big corporations and, once again, bail out the banks and well-connected businesses but not help the individual worker.
I suggest Congress take the following measures to help workers:
1. Double the Standard Deduction on 2019 income tax filings
2. Double the Earned Income Tax Credit for 2019 tax filings
3. Double all deductions for small businesses for 2019 tax filings
4. Reduce any taxes owed by individuals and small businesses for 2019 tax filing year by 50%.
We are the ones that drive the economy and create demand, and, thus, jobs.
I suggest Congress take the following measures to help workers:
1. Double the Standard Deduction on 2019 income tax filings
2. Double the Earned Income Tax Credit for 2019 tax filings
3. Double all deductions for small businesses for 2019 tax filings
4. Reduce any taxes owed by individuals and small businesses for 2019 tax filing year by 50%.
We are the ones that drive the economy and create demand, and, thus, jobs.
Why is this important?
This will put more money in people’s pockets and help us maintain the economy moving.
Tax cuts for the big corporations isn’t going to help us.
If we can afford Trillion dollar annual deficits to bankroll large corporations, we can surely afford this for the average American.
Tax cuts for the big corporations isn’t going to help us.
If we can afford Trillion dollar annual deficits to bankroll large corporations, we can surely afford this for the average American.