Increase a standard deduction here, get rid of an exemption there, cause the increase in deductibles for health insurance policies here, but decrease deductibles used by consumers there -- this cruel deception produces a mind shattering complexity and bonanza for accountants and lawyers.
The last minute gifts to monied interests emerged as usual from the darkness at the last minute -- what the New York Times called "Last-Minute Breaks for Developers, Banks and Oil Industry," plus tax breaks for offshore profits by the likes of Pfizer, Google and Apple, lower taxes for the top one percent, benefits for car dealers and other goodies for people dealing with speculative security derivatives on Wall Street.
The Republican leadership justifies everything they are doing to the powerless people back home by claiming the tax bill will increase wages, investment and economic growth. This trickery could spark the voters to say "enough" and send the Republican scoundrels packing.
Dozens of impartial experts laugh at the fanciful Republican predictions about the "benefits" of the tax bill, citing historical evidence, and the existing economic growth, enabled by low inflation and low interest rates.
Nothing was more embarrassing for Donald Trump and the Republicans than when Gary Cohn, Trump's chief economic advisor, asked a business audience how many of them would increase jobs and wages due to what he called this "tax reform." Almost nobody raised a hand.
The corporate bosses in the audience knew what the Republicans don't want us to know. These big companies are already neck-deep in massive uninvested capital, so they're wasting trillions of dollars on stock buybacks which don't produce any jobs. They don't need more tax breaks for any more capital.
It is time for a voter's revolt!
Tell your members of Congress there is still time to reject the Republican attack on the working class. A shift of just two more votes in the senate (e.g. Senators McCain, Collins and Flake) will defeat the existing legislation.
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