Tuesday, November 7, 2017

From Prosperity Now: Call Your Representative to Oppose the Tax Cuts and Jobs Act

Don't be fooled by the so-called Tax Cuts and Jobs Act: these tax cuts will do nothing for the working families who need the most help. Instead, it will supercharge wealth inequality and widen the racial wealth divide. Here's why:

  • Tax cuts for the wealthy don't pay for themselves. Lower Taxes on corporations and the wealthiest Americans will be paid by working families in the form of cuts to programs they rely on.
  • The plan's largest income boosts will go to millionaires, while providing nothing to help low-income people build wealth.
  • The plan will require taxpayers to provide a social security number to claim the full value of tax credits they rely on now. In other words, hard working immigrant taxpayers get to join low-income people among the ranks of those excluded from the chance to get ahead.
While they decide whether to support this plan for "tax reform," members of Congress need to hear from you today...before they hear from the lobbyists and special interests that stand to benefit at the expense of working families.

Thank you for using your voice to stand up for what's right: the chance for everyone in our country to thrive.

Questions? Need help taking action? Contact Vanna Cure.

From the ND AFL-CIO: Labor News - November 6th, 2017

Heitkamp launches website to help N. Dakotans with health insurance

BISMARCK -- Sen. Heidi Heitkamp (D-N.D.) launched a website this week with resources for North Dakotans to learn about the Affordable Care Act, also known as Obamacare, and options people may have to get covered under the federal marketplace exchange.
Open enrollment started Wednesday, Nov. 1 and will last through Friday, Dec. 15.

Get Health Care Coverage for 2018

Open Enrollment is the annual period when you can shop for insurance through the health insurance marketplaces and either renew your old plan or sign up for a new one. Eight out of 10 people are eligible for premiums under $75 thanks to financial assistance offered through the Affordable Care Act. Most people who miss the Open Enrollment period will be without health insurance in 2018.

The Top Reasons Why the Republican Tax Bill is Bad for Working People

Working people have forced the House GOP to stall the release of a bad and unpopular plan to slash taxes for the rich by cutting services and tax breaks for working families. America’s labor movement will fight every attempt by Donald Trump to give preference to millionaires and billionaires and hand working people the tab. Here are the top ways the Republican tax bill will hurt working people:

Fearing they were being replaced, several employees of Grand Forks Taco Bell walk off job, forcing closure

The Grand Forks Taco Bell was closed Friday after several employees walked off the job thinking they were being replaced, but the fast food chain said it never intended to fire anyone.
The restaurant at 1301 S. Washington St. was closed early Friday, with its lights shut off and doors locked. Taco Bell employee Mark Dunham said he was told the store would be closed that day because half of the eatery's employees quit.

Cramer: Trump is encouraging me to run against Heitkamp

WASHINGTON—Rep. Kevin Cramer, R-N.D., says he received a phone call from President Donald Trump encouraging him to run against Sen. Heidi Heitkamp, D-N.D., whom the president has called a "good woman."
Cramer said he received the call from Trump within the past week. "He strongly encouraged me to run," Cramer told The Hill, a newspaper that covers Capitol Hill in Washington. Cramer said he would wait until tax reform, a major Republican legislative priority, is addressed before making his decision.

American Corporations Tell IRS that 61 Percent of Their Offshore Profits Are in 10 Tax Havens

Recent revelations that a Bermuda law firm helped facilitate offshore tax avoidance has heightened awareness of the vast amount of income and wealth flowing into tax and secrecy havens worldwide. The countries through which this firm helped funnel global elites’ assets also act as tax havens for multinational corporations. Recently released data from the Internal Revenue Service show that U.S. corporations claim that 61 percent of their foreign subsidiaries’ pretax worldwide income is being earned in 10 tiny tax haven countries.

From ITEP: How the House Tax Proposal Would Affect North Dakota Residents' Federal Taxes

From the Institue on Taxation and Economic Policy:

The Tax Cuts and Jobs Act, which was introduced on November 2 in the House of Representatives, includes provisions that raise taxes and some that cut taxes, so the net effect for any particular family's tax bill depends on their situation. Some of the provisions that benefit the middle class - like lower tax rates, an increased standard deduction, and a $300 tax credit for each adult in a household - are designed to expire or become less generous over time. Some of the provisions that benefit the wealthy, such as the reduction and eventual repeal of the estate tax, become more generous over time. The result is that by 20207, the benefits of the House bill become increasingly generous for the richest one percent compared to other income groups. See below for how the bill would affect North Dakota residents' federal taxes and read our full report on the bill here.

Please take a moment to tell Representative Cramer to oppose H.R. 1, the Tax Cuts and Jobs Act, by clicking on this link: https://prosperitynow.quorum.us/campaign/5530/. The link will take you to an automated system at Prosperity Now that will enable you to quickly send your email. 

The graphs below illustrate how the bill would affect taxpayers in North Dakota in four ways:

  1. The share of tax cuts in North Dakota going to each income group in 2018 and 2027.
  2. The average tax cut for each income group in those years, in dollar amounts.
  3. The average tax cut for each income group in those years as a share of income.
  4. The fraction of taxpayers in North Dakota who would pay higher taxes under the bill.