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Americans turn to credit cards on Tax Day after dramatic increases — thanks to Donald Trump: Congresswoman

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On Monday, Rep. Katie Porter (D-CA) discussed the serious problems the GOP tax cut bill caused for her district on MSNBC’s “All In with Chris Hayes” in response to a report from The New York Times discussing how many people do not realize that their taxes were cut.

“I represent Orange County, California, and the limit in the Trump tax law on state and local tax deductions is a huge issue for us,” said Porter. “I was working on my taxes today, and every time I would put in a deduction, it would pop up, you’ve already hit your $10,000 state and local deduction cap. Put something else, it would pop up, you’ve already hit your $10,000 state and local deduction cap.”

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“For folks here in Orange County, we’re hearing from a lot of them they owe $5,000, $7,000, even $14,000 in additional taxes,” Porter continued. “A lot of folks are having to turn to credit cards to find the money to pay the extra taxes. By singling out states that have expensive homes or have significant state and local taxes, Donald Trump is really making the effects of his tax plan felt — being felt unevenly around the country.”

Porter contrasted this struggle with the massive windfall the GOP bill gave to corporations — which they often have done nothing economically productive with.

“What we’ve seen primarily as a result of the tax plan is companies are taking their money and they’re engaging in stock buybacks,” said Porter. “If you read a lot of shareholder letters, what these CEOs are saying is we have excess capital and cash. We’re looking for ways to invest it. I think the obvious answer is to invest it back into your workers and the American people who have helped make your corporation profitable.”

“We can’t keep asking Americans, individual workers, single moms like me to shoulder the tax burden while large corporations get off literally Scott-free,” Porter added.

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2020 Election

Trump’s former White House doctor Ronny Jackson wins GOP runoff for Congress in Texas

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Ronny Jackson, the former White House physician and President Donald Trump's onetime nominee for secretary of veterans affairs, has won his bid for the Republican nomination for a solidly red congressional seat in the Texas Panhandle.

With 100% of polling locations reporting, though some mail-in ballots will still need to be counted, Jackson held a lead of 11 percentage points over Josh Winegarner, a veteran agriculture expert and lobbyist. Jackson and Winegarner were competing for a seat being vacated by U.S. Rep. Mac Thornberry, R-Clarendon, who is retiring and held the seat since 1995.

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Ivanka Trump’s tweet raises eyebrows: ‘Why is a senior White House official endorsing a food product?’

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As her big brother was dragging their 14-year-old half brother into the 2020 campaign, senior White House advisor Ivanka Trump was endorsing a line of canned food products.

If it’s Goya, it has to be good. Si es Goya, tiene que ser bueno. pic.twitter.com/9tjVrfmo9z

— Ivanka Trump (@IvankaTrump) July 15, 2020

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Florida outbreak is ‘much worse’ than Gov. DeSantis is letting on: Former COVID-19 data chief

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Rebekah Jones, the Florida data scientist who in May claimed that she was fired for refusing to manipulate state coronavirus data to meet the Republican governor's reopening criteria, has issued a new warning: The ongoing outbreak is "much, much worse" than it has been painted by the administration.In a Monday interview with MSNBC host Lawrence O'Donnell, Jones, who built the state government's coronavirus data portal, identified a number of failures since she left her state job. Florida recently posted the highest daily caseload in a single day across all 50 U.S. states.
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