Trump’s “present” to cost us all plenty

first_imgCategories: Letters to the Editor, Opinion “I sought the Lord, and He answered me; He delivered me from all my fears.” Psalm 34:4I wonder if those who believed the Trump administration and our president when he said, “I’m giving the middle class a real Christmas present,” referring to the tax cut plan. He was right when he said this, but there’s a caveat. Prices at the gas pumps have risen sharply, and those who drive to work know only too well their budgets are getting out of sight. Those who shop in markets to feed their families have also seen a sharp increase in grocery prices. Those driving 3,000 miles a year to and from work getting 20 miles per gallon on their cars are using 150 gallons of fuel. The price of fuel at the start of 2016 averaged $2.10 per gallon for regular. As of May 2,  the average is around $2.58, a 48-cent increase that continues to go up. If you multiply 150 by .48, it equals $72 more in fuel. And this is only using 3,000 miles traveled. In the United States, the average driver puts in between 13,476 and 15,000 miles per year on a vehicle. Using the lower figure of 13,476 miles per year, the fuel cost for the average family jumps to $323.42 over what it was at the beginning of 2016.The average tax cut comes to $870, or 1.6 percent, for the average household earning $50,000 to $75,000. That $870 is soon eaten up by higher costs for groceries, fuel, clothing and other essentials families need. The $870 will be added to your income and may put you in a higher tax bracket. Paul Ryan and those who voted for this “Christmas present” should be ashamed, as they will receive a real tax cut of $6,560 or more. Thank you, President Trump and the Republicans, who gave us a “Christmas present” we will never forget.Gary Philip GuidoRotterdamMore from The Daily Gazette:EDITORIAL: Thruway tax unfair to working motoristsCar hits garage in Rotterdam Sunday morning; Garage, car burnFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Find a way to get family members into nursing homesRotterdam convenience store operator feels results of having Stewart’s as new neighborlast_img read more

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