Demand that Congress keep the Exemption Deduction for middle income taxpayers.
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If middle income taxpayers are supposed to benefit from the new tax law why does President Trump and Congress propose to eliminate a deduction that only benefits the middle income and lower income taxpayers. The exemption deduction is limited for married taxpayers with taxable income over $ 313,800, so this deduction only benefits the low to middle income taxpayer. If President Trump really wants to help middle class taxpayers this deduction should be increased, not eliminated. In other words, this is a tax increase for middle income taxpayers when this deduction is eliminated. The 10% tax bracket should be expanded to cover the first $50,000 of taxable income. This again will provide real middle class tax relief.
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