Not One Penny: Any way you slice it, TrumpTax is a bad deal for Wisconsinites

Friday, February 23, 2018

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NEW NOT ONE PENNY BILLBOARD: Any Way You Slice It, TrumpTax Is A Bad Deal For Wisconsinites

TrumpTax Break Rewards Wealthy at the Expense of Wisconsin’s Working Families

GREEN BAY, WI – This week, Not One Penny released a new billboard in Green Bay denouncing the TrumpTax plan that gives millionaires, billionaires and wealthy corporations a tax cut at the expense of working Wisconsinites.

As the new billboard highlights, Republicans’ newest tax cut for the rich will not pay the dividends for working families that Donald Trump promised. In fact, when fully phased in, 83 percent of the TrumpTax breaks will go to the top 1 percent.

The Green Bay billboard exposes the lie that this tax cut benefits the middle class and urges the repeal of this tax cut for the already wealthy on the backs of Wisconsin’s working families.

“The TrumpTax was marketed as a boon for the middle class while in reality it lines the pockets of the wealthiest few at the expense of working families,” said Not One Penny spokesperson Tim Hogan. “Wisconsinites deserve better from their elected officials and will hold them accountable for voting to undermine the wellbeing of Wisconsin’s families.”

The Tax Policy Center found that 92 million middle income families across America will pay more in taxes, while the richest 0.1 percent will get a nearly $150,000 tax break with the TrumpTax. Millions will also see a 10 percent increase in health insurance premiums and our commitment to Medicare, Medicaid, and Social Security will be undermined.