Power of Story Send a Tweet        

Share on Google Plus Share on Twitter 1 Share on Facebook 1 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (2 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   2 comments
OpEdNews Op Eds

Fools or Knaves?

By       Message Robert B. Reich       (Page 1 of 2 pages)     Permalink

Related Topic(s): ; ; ; ; , Add Tags  Add to My Group(s)

Well Said 1   Valuable 1  
View Ratings | Rate It

opednews.com Headlined to H2 11/25/17

Author 47089
Become a Fan
  (123 fans)

From Robert Reich Blog

From youtube.com: Treasury Secretary Steven Mnuchin on President Trump's tax reform plan. {MID-199330}
Treasury Secretary Steven Mnuchin on President Trump's tax reform plan.
(Image by YouTube, Channel: Fox Business)
  Permission   Details   DMCA
- Advertisement -

One of the most dangerous consequences of this awful period in American life is the denigration of the truth, and of institutions and people who tell it.

There are two kinds of liars -- fools and knaves. Fools lie because they don't know the truth. Knaves lie because they intend to mislead.

Trump is both, because he doesn't even care enough about the truth to find out what it is. He'll say whatever he thinks will get people to believe what he wants them to believe.

- Advertisement -

What about people like Treasury Secretary Steve Mnuchin, Trump's point person on the Republican tax bills now making their way through Congress?

Mnuchin continues to insist that they put a higher tax burden on people earning more than $1 million a year, and reduce taxes on everyone else. "I can tell you that virtually everybody in the middle class will get a tax cut, and will get a significant tax cut," Mnuchin says repeatedly.

But the prestigious Tax Policy Center concludes that by 2025, almost all of the benefits of both bills will have gone to the richest 1 percent, while upper-middle-class payers will pay higher taxes and those at the lower levels will receive only modest benefits.

- Advertisement -

So is Mnuchin a fool? His career before he became Treasury Secretary doesn't suggest so. He graduated from Yale, and worked 17 years for investment bank Goldman Sachs.

Perhaps Mnuchin doesn't find the Tax Policy Center credible. Maybe he agrees with Trump economic adviser Peter Navarro, who describes it as "a left-leaning center that produces analyses that favor Democratic tax-and-spend programs and disfavor Republican programs."

In the age of Trump, even prestigious organizations once considered non-partisan are either "with us" or "against us."

Problem is, virtually all other studies by every other source show the House and Senate tax bills overwhelmingly benefit the rich and, within a few years, harm the middle class.

Even Congress's own Joint Committee on Taxation -- the House and Senate's official scorekeeper on tax issues -- finds that the Senate's version of the bill would increase taxes on all income groups making under $75,000 per year.

By 2027, it would give its biggest tax breaks to those making $1 million or more. The House bill would be even more generous to millionaires and billionaires.

- Advertisement -

Mnuchin's response? He has none. He just keeps repeating the same lie.

Mnuchin also maintains that the Senate and House tax plans won't cause the federal deficit to rise. "This isn't about the deficit," he said recently. "We'll create economic growth to pay down the deficit."

Next Page  1  |  2

 

- Advertisement -

Well Said 1   Valuable 1  
View Ratings | Rate It

opednews.com

Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Related Topic(s): ; ; ; ; , Add Tags
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Republican's Big Lies About Jobs (And Why Obama Must Repudiate Them)

Paul Ryan Still Doesn't Get It

What Mitt Romney Really Represents

What to Do About Disloyal Corporations

The Gas Wars

The Minimum Wage, Guns, Healthcare, and the Meaning of a Decent Society