Re: [USA] Republicans and tax cuts: outracing the truth (trying)

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Subject: Re: [USA] Republicans and tax cuts: outracing the truth (trying)
From: rsw@therandymon.com (RS Wood)
Newsgroups: dictator.america
Organization: solani.org
Date: Dec 01 2017 23:33:40
This is surely no accident. Outside groups, including one favorable to
the tax overhaul, have already done their own analyses. So far none has
found that the bill generates enough growth to pay for itself.

There’s also that little inconvenient truth about whom the bill
benefits.

Republican leaders keep claiming the bill focuses on helping the middle
class. But voters are already catching on to the fact that the biggest
tax cuts go to the wealthiest. Lately the public has learned that the
Senate bill will actually raise taxes for households making less than
$75,000 by 2027, relative to current law. Yes you read that right. And
it’s true even if you don’t count the bill’s changes to Obamacare.


If this thing is a stinking turd, surely there must be a reason for
it?  Could it be, WEALTHY BUSINESS INTERESTS and A CONGRESS THAT'S
TOTALLY BOUGHT?

https://www.washingtonpost.com/news/politics/wp/2017/12/01/as-the-senate-nears-a-vote-its-worth-remembering-how-far-from-the-norm-this-tax-reform-push-has-been/?utm_term=.94f7c5cf8a18

Congress does a lot of things that Americans don’t care much about
and/or don’t like, but rarely at this scale. If not from the American
public, where’s the pressure to pass this legislation — whatever it
eventually contains! — actually coming from?

We got one hint toward an answer last month from Rep. Chris Collins
(R-N.Y.). Asked how donors felt about the tax-reform proposal, Collins
replied, “My donors are basically saying, ‘Get it done or don’t ever
call me again.’”

Collins wasn’t the first to hint at a powerful force driving the
legislative process. In June, the Associated Press reported that, in
the absence of Obamacare repeal and tax reform, big donors had shut
down fundraisers. That failed repeal effort, Sen. Cory Gardner
(R-Colo.) reportedly told his peers, had made donors “furious.” The
same attitude applies to the tax bill, as Mother Jones wrote this week.

“I don’t know why donors should give to the [National Republican
Senatorial Committee] until tax reform is passed,” a major Republican
donor told the magazine. “Thanks for Gorsuch, but you haven’t otherwise
used the majority.”

The Fox News poll didn’t break out major Republican donors as a
subgroup in its question of how important passing a tax bill was, but
it seems clear they’d have leaned toward the “extremely” end of the
question.


Date Subject  Author
20.11. * [USA] Republicans and tax cuts: how can you be so RS Wood
28.11. `* Re: [USA] Republicans and tax cuts: outracing the trutRS Wood
01.12.  `* Re: [USA] Republicans and tax cuts: outracing the trutRS Wood
07.12.   `* Re: [USA] Republicans and tax cuts: outracing the trutRS Wood
07.12.    `* Re: [USA] Republicans and tax cuts: outracing the trutJAB
11.12.     `* Re: [USA] Republicans and tax cuts: jam it through, quRS Wood
11.12.      `* Re: [USA] deregulation and the Minsky momentRS Wood
12.12.       +- Re: [USA] deregulation and the Minsky momentJAB
12.12.       `- Re: [USA] deregulation and the Minsky momentJAB

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