“The tax legislation passed by House Republicans last week shouldn’t really be understood as economic policymaking in any traditional sense. It’s not about stimulating growth or investment or improving incentives. It’s class war. Republicans are assisting the efforts of a very small, very rich faction to take an ever-growing share of the nation’s wealth from the rest of us.”
Zach Carter, "Welcome to the Class War," Huff Post, 25 Nov. 2017.
  |
| Thomas Nast, Boss Tweed |
“Get
it done, or else,” is the word from the Koch brothers. They said
the same about the repeal of Obamacare.
The Senate bill, McConnell hungering for some victory, will hurt the middle class, workers and the poor. It will set the economy back by increasing the national debt and throwing millions off health care. The House bill is equally damaging for the majority of Americans and for our national economy, thanks to grinning Paul Ryan who smiles at the thought of screwing ordinary workers to get money for the super rich. Whatever any of the Republicans say in support of these bills is a bunch of lies.
The Congressional Budget Office (CBO) report is damning. It notes that by 2019, people earning less than $30,000/year would be worse off under the Senate bill. By 2021, Americans earning $40,000 or less would be net losers, and by 2027, most people earning less than $75,000/year would be worse off. The poor would be hit hard. Health insurance premiums would rise if the bill becomes law, leading 4 million Americans to lose health insurance next year, and 13 million by 2027. On the highest end of the economic scale, millionaires and those earning $100,000 to $500,000 would be big beneficiaries, as would Wall Street bankers and big corporations.
Leading bi-partisan economic and financial analysts, including CEOs, confirm this analysis. CEOs acknowledge they cannot promise more jobs or wage increases. Everyone knows "trickle down" has never worked. Some 400 hundred CEOs are writing Congress to let it know they are worried about what increasing income inequality and the national debt will do to the economy. The media is doing a good job of laying out the facts, getting past the smoke and mirrors, searching for the truth of the matter.
Trump only knows the tax bill would enrich himself and his family. He's pushing it like the lowlife Willie Loman he is. He knows as much about tax policy as he knew about the Obamacare repeal. He cares nothing for the facts, as usual; doesn't consider options or consequences, no surprise there; and is not informed by principles or beliefs, as McCain reiterates.
Does the CBO report on its ill effects on his fan base bother him? Does he care that's it's giving corporations a $2 trillion tax break at a time they're making record profits? Does he care that the Senate bill would kick 13 million poor people off health insurance? Does he care that the tax bill is full of loopholes for Wall Street's wealthiest, or that the 1 percent now hold a record 38.65 percent of the nation's total wealth, up from 33 percent a decade ago?
Nah. He's calling the Republican tax "reform" a "Christmas gift" to the people. Tax cuts for the middle class. Tax cuts for all. Best thing for the economy since sliced bread. These are outright lies, shallow and without substance, but Republicans are hammering home the message and ramming it down our throats anyway.
The Senate bill, McConnell hungering for some victory, will hurt the middle class, workers and the poor. It will set the economy back by increasing the national debt and throwing millions off health care. The House bill is equally damaging for the majority of Americans and for our national economy, thanks to grinning Paul Ryan who smiles at the thought of screwing ordinary workers to get money for the super rich. Whatever any of the Republicans say in support of these bills is a bunch of lies.
The Congressional Budget Office (CBO) report is damning. It notes that by 2019, people earning less than $30,000/year would be worse off under the Senate bill. By 2021, Americans earning $40,000 or less would be net losers, and by 2027, most people earning less than $75,000/year would be worse off. The poor would be hit hard. Health insurance premiums would rise if the bill becomes law, leading 4 million Americans to lose health insurance next year, and 13 million by 2027. On the highest end of the economic scale, millionaires and those earning $100,000 to $500,000 would be big beneficiaries, as would Wall Street bankers and big corporations.
Leading bi-partisan economic and financial analysts, including CEOs, confirm this analysis. CEOs acknowledge they cannot promise more jobs or wage increases. Everyone knows "trickle down" has never worked. Some 400 hundred CEOs are writing Congress to let it know they are worried about what increasing income inequality and the national debt will do to the economy. The media is doing a good job of laying out the facts, getting past the smoke and mirrors, searching for the truth of the matter.
Trump only knows the tax bill would enrich himself and his family. He's pushing it like the lowlife Willie Loman he is. He knows as much about tax policy as he knew about the Obamacare repeal. He cares nothing for the facts, as usual; doesn't consider options or consequences, no surprise there; and is not informed by principles or beliefs, as McCain reiterates.
Does the CBO report on its ill effects on his fan base bother him? Does he care that's it's giving corporations a $2 trillion tax break at a time they're making record profits? Does he care that the Senate bill would kick 13 million poor people off health insurance? Does he care that the tax bill is full of loopholes for Wall Street's wealthiest, or that the 1 percent now hold a record 38.65 percent of the nation's total wealth, up from 33 percent a decade ago?
Nah. He's calling the Republican tax "reform" a "Christmas gift" to the people. Tax cuts for the middle class. Tax cuts for all. Best thing for the economy since sliced bread. These are outright lies, shallow and without substance, but Republicans are hammering home the message and ramming it down our throats anyway.
So we have Ohio Senator Rob Portman shamelessly selling the tax plan as if he's giving out candy on Halloween. It's how Portman operates in his fake compassion for the opioid crisis,too, giving aid on one hand, taking it away on the other, throwing platitudes to the masses on one side, screwing them on the other. This is Rob Portman: a Koch-funded politico par excellence, selling an unconscionable tax scam as a gift to the people when he knows it's a killer of the American dream. It's all a lie, like those slick Koch-funded ads that made Portman look like a choir boy in a hard hat and got him elected to serve his wealthy masters. As someone who calls him almost daily, like thousands of other Ohioans, the hypocrisy is overwhelming.
The Republican tax reform effort is a trojan horse. Adding $1.4 trillion to the national debt, cutting the needy from health care, hurting workers, the middle class, ordinary Americans in order to give tax cuts to the very rich, is about as cruel a trick as the Trojan Horse the Greeks used to destroy Troy. It's a trick on the American people. It's a trick to fool them into believing it's about them, when the truth is, it's all about the super rich. We have to look this trojan horse in the eye and say 'no way.' We did it for health care. We can do it for the Trump/Republican tax scams as well.
Some Sources:
http://inthesetimes.com/article/20697/robert-reich-gop-tax-bill-republicans-house
http://www.sltrib.com/news/politics/2017/11/13/more-than-400-millionaires-tell-congress-dont-cut-our-taxes/ "The letter calls on Congress to not to pass any tax bill that adds to the debt and that "further exacerbates inequality." Instead of cutting taxes of the wealthy, the letter tells Congress to raises taxes on rich people like them. It is being released publicly this week, as Republicans debate legislation which would add $1.5 trillion to the debt to pay for widespread tax cuts for businesses and individuals."
From Wikipedia: Trojan Horse is a tale from the Trojan War about the subterfuge that the Greeks used to enter the independent city of Troy and win the war. In the canonical version, after a fruitless 10-year siege, the Greeks constructed a huge wooden horse, and hid a select force of men inside. The Greeks pretended to sail away, and the Trojans pulled the horse into their city as a victory trophy. That night the Greek force crept out of the horse and opened the gates for the rest of the Greek army, which had sailed back under cover of night. The Greeks entered and destroyed the city of Troy, ending the war./
Metaphorically a "Trojan Horse" has come to mean any trick or stratagem that causes a target to invite a foe into a securely protected bastion or place. A malicious computer program which tricks users into willingly running it is also called a "Trojan horse" or simply a "Trojan"./ The main ancient source for the story is the Aeneid of Virgil, a Latin epic poem from the time of Augustus. The event is also referred to in Homer's Odyssey.[1] In the Greek tradition, the horse is called the "Wooden Horse" (Δούρειος Ἵππος, Doúreios Híppos, in the Homeric Ionic dialect).
http://www.sltrib.com/news/politics/2017/11/13/more-than-400-millionaires-tell-congress-dont-cut-our-taxes/ "The letter calls on Congress to not to pass any tax bill that adds to the debt and that "further exacerbates inequality." Instead of cutting taxes of the wealthy, the letter tells Congress to raises taxes on rich people like them. It is being released publicly this week, as Republicans debate legislation which would add $1.5 trillion to the debt to pay for widespread tax cuts for businesses and individuals."
From Wikipedia: Trojan Horse is a tale from the Trojan War about the subterfuge that the Greeks used to enter the independent city of Troy and win the war. In the canonical version, after a fruitless 10-year siege, the Greeks constructed a huge wooden horse, and hid a select force of men inside. The Greeks pretended to sail away, and the Trojans pulled the horse into their city as a victory trophy. That night the Greek force crept out of the horse and opened the gates for the rest of the Greek army, which had sailed back under cover of night. The Greeks entered and destroyed the city of Troy, ending the war./
Metaphorically a "Trojan Horse" has come to mean any trick or stratagem that causes a target to invite a foe into a securely protected bastion or place. A malicious computer program which tricks users into willingly running it is also called a "Trojan horse" or simply a "Trojan"./ The main ancient source for the story is the Aeneid of Virgil, a Latin epic poem from the time of Augustus. The event is also referred to in Homer's Odyssey.[1] In the Greek tradition, the horse is called the "Wooden Horse" (Δούρειος Ἵππος, Doúreios Híppos, in the Homeric Ionic dialect).
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