Wood County Indivisible plans rally over tax bill
PARKERSBURG — A rally organized by Wood County Indivisible to protest the tax bill before Congress will be held 12:30 p.m. today at Bicentennial Park in downtown Parkersburg.
The bill will benefit the very wealthy at the expense of the middle class, Susan Sharp, a spokesman for Wood County Indivisible, said.
“The tax bill increases taxes on the middle class in order to cut taxes on the very wealthy. The tax cut will by paid for by adding to the deficit,” Sharp said. “The bill actually builds in an increase in the deficit of $1.5 trillion, but expects that the deficit increase will be substantially higher.”
In addition to repealing numerous deductions available to middle-class wage earners and students, the tax bill gives 18 percent of West Virginia’s tax cuts to millionaires which make up 0.1 percent of the population, an average tax cut of $288,000 per millionaire or 10.4 percent of their income, she said. The 55.9 percent of West Virginians who make less than $45,000 would get 9.3 percent of the total tax cut, an average of $230 per person or 1 percent of their income, Sharp said.