James Clyburn Criticizes Trump Tax Plan and GOP Tax Bill

The 2017 Tax Law and Its Impact

• 🎯 The 2017 tax law, which the GOP aims to make permanent, disproportionately benefited the wealthiest Americans and big corporations.
• 💰 Over 70% of the tax breaks from the 2017 law went to the top 1%.
• ⚠️ Contrary to popular belief, the 2017 tax bill also included tax increases on places of worship and 501c3 nonprofits.
• 💡 Clyburn authored a bill to repeal the tax hike on charities and places of worship, which took two years to pass.

Affordable Housing and Tax Credits

• 🏠 The 2017 tax bill removed tax credits for developers who build affordable housing, causing a halt in such projects nationwide.
• 📈 Clyburn highlights his work in fixing this issue, leading to the resumption of affordable housing development.
• 🗣️ He emphasizes the importance of citizens challenging narratives and demanding accountability from elected officials.