I was disappointed and disheartened to see that Bob Latta, the Congressman for Ohio’s 5th district, voted in favor of the devastating tax reform measure in the U.S. House of Representatives. The tax plan has now moved to the Senate for further debate, where it is increasingly clear just how much this plan will hurt the vast majority of Americans. The GOP tax plan is designed for the super wealthy, not for most Americans. While this tax proposal does in fact cut taxes for all Americans, the tax cuts aimed at the lower and middle classes are modest and only temporary—designed to phase out by 2025. This is the GOP attempt at an optical illusion, trying to sell a mythical tax cut for the middle class.
The GOP has decided to remove the Affordable Care Act (otherwise known as Obamacare) mandate. While the GOP may think this is a good idea, removing the ACA mandate will actually result in driving up health insurance premiums by 10%. The GOP tax plan completely eliminates the deductibility of state and local income taxes. The GOP plan will also heavily penalize students pursuing higher education degrees by counting their tuition deductions as income, which will put graduate degrees out of reach for many students–especially low and middle income students. The tax plan penalizes workers whose employers require them to move by removing the tax deduction for their moving expenses, while giving a larger deduction to corporations who move their entire operation overseas. Perhaps the most egregious part of the bill is a huge increase in the national deficit, which will likely result in GOP demands to strip money away from Social Security, Medicare and Medicaid–threatening to cripple millions of Americans. All while giving a tax deduction for private jet owners to store their planes! It is the largest transfer of wealth from the working poor to the wealthiest of Americans in history. The GOP tax plan is Robin Hood in reverse, leaving the majority of Americans to scramble over crumbs while the wealthy elite run away with the cake.
Trickle-down economics does not work. Elite corporations do not need a tax cut, they are already making the greatest profits in history and will simply stash the money overseas or buy back stock options. Small business owners and middle class consumers are the real drivers of the economy. We need a tax plan that helps the 99.8% of Americans, not the wealthy elite.
If trickle-down economics really worked, working Americans would be rich by now. Instead, the middle class has experienced stagnant wages for the last 30 years. Don’t be fooled. Trickle-down economics is a failure.
Bob Latta has voted to increase our national debt by trillions of dollars. He voted to take healthcare from senior citizens who spent their lives paying into the system. He voted to cripple young people who are pursuing higher education.
We must mobilize and work hard to remove Bob Latta from his seat as the Congressman for Ohio’s 5th district. It has become clear that he is not interested in representing the people of our district, but only his big money donors. My name is J. Michael Galbraith and I am running for the Democratic nomination to unseat Bob Latta in November of 2018. Won’t you join me? Together we can change the trajectory for the 5th district and return the power back to the people who made our state and our nation great.
J. Michael Galbraith