GOP Tries to Sneak Through Repeal of the Welfare State to Give the Rich a Tax Cut

Thursday morning, John McCain announced that hes a yes on the tax bill. That probably seals it. A lot of Republicans take their cues from McCain, and if he says hes voting for it, the waverers will too.

Ive been writing about American politics for a quarter century now, and I have read in considerable detail about every major tax bill that Congress has passed in probably the last 80 years. And I can tell you that nothing remotely like this has ever happened. In terms of both process and substance, its utterly without precedent.

The process, Ive written about before. To push through legislation like this with literally zero hearings in the House and one in the Senate, which took testimony from one witness, is a mockery of democracy. No one can defend this. Its a disgrace.

And as for the substancewell, its dreadful, and its tied to the process, of course, because a package of lies and giveaways like this could never survive a transparent legislative process.

This bill goes far beyond what all past Republican tax bills have done. In the past, Republican plans took care to ensure that the middle class got a tax cut, too. The rich got far more of course, but as long as the middle class got something they could sell it as a middle-class tax cut.

Now, even that thin pretense is dead. This will raise taxes on millions of middle-class people, as earners making $40,000 to $50,000 will by 2027 be paying $5.3 billion more while millionaires will pay $5.8 billion less. Republicans just no longer give a crap. Theyre like the family alcoholic who used to at least try to hide it, sneak his nips in the attic, but now no longer even bothers trying to hide.

Its a downward-mobility tax bill. Eliminating the deductibility for state and local taxes will kill homeowners and discourage people from buying homes. The repeal of the individual mandate on Obamacare, snuck in at the eleventh hour without telling Democrats, will mean more uninsured. The automatic spending cuts that will be triggered by the $1.5 trillion the law would add to the deficit will slam Medicare to the tune of $25 billion.

And what this bill will do to make inequality worse we cant yet measure in full. Aside from the cuts to the rich and to corporations on rates, theres the scandalous near-elimination of the estate tax and the total elimination of the Alternative Minimum Tax, which is designed to ensure that filers at the high end cant deduct their way down to a miniscule tax bill.

This is a moment of shame for this country. Its a moment of shame for McCain and the other Republicansthere are a few of themwho know better.

I could go on for pages like this. But youve read it all anyway. Its a shocking bill. This will sound absurdly naive, I know, but Ill write it. Once upon a time, tax policy was designed to encourage growth, investment, creating a robust middle class, and creating incentives for people to do things like pursue higher education (the Senate version doesnt have the obscene anti-higher-ed measures the House version did, but it still does have a few higher-ed taxes; and more than that, the end of state-and-local deductibility will strain state budgets, which will mean higher-ed cuts in many states).

But this bill does none of those positive things. Its pure supply-side snake oil. The rich are just going to pocket their lucre. CEOs arent even pretending that theyre going to invest their windfalls. Theyre just going to do more stock buybacks, which will prop up the market, at least for a while, and fool people, at least for a while.

But this bill isnt even really for them. At bottom, its being passed entirely for their donors, to make sure that their rich donors keep bankrolling their campaigns.

This is a moment of shame for this country. Its a moment of shame for McCain and the other Republicansthere are a few of themwho know better.

Its shameful on the merits, and its double-shameful that theyre handing this victory to Donald Trump. On the very week that he retweeted a noted white supremacist; and the week we learned that hes now trying to deny that it was him on that Access Hollywood tape; and the week after Trump essentially endorsed Roy Moore for the Senate.

And heres the thing. There is no reason on Earth they couldnt have taken six months, have a few hearings, give the Democrats one or two small things, get four or five Democratic votes, and still get 90 percent of what they wanted. Doing that would have preserved the fiction that there was still some semblance of respect for the institutions of the House and Senate. That they chose not to tells us, again, that they just dont care.

George Washington University political scientist Chris Warshaw recently tallied up the approval ratings of all major pieces of congressional legislation at the time of their passage or failure over the past 30 years. You should give it a look. At the high end: the Brady bill on guns, around 86 percent, and the 2007 minimum wage increase, at 84 percent (these are all average support numbers from 15 polls he counted). Also quite popular: the Clean Air Act amendments of 1990, the assault-weapons ban, and Dodd-Frank. (Hey, what do all those have in common? Theyre all liberal bills). The Clinton health-care plan, at 40 percent, was at bottom (and of course it did not pass).

At the bottom until this year, that is. Obamacare repeal was at 22 percent, and this tax bill is at 30 percent. And yet, its on its way to being law. The will of the people? More like the triumph of the will.

More From this publisher : HERE ; This post was curated using : TrendingTraffic


  • Learn how to protect wealth, to use the tax law to accelerate and how to transfer it
  • Don't Pay Taxes You Don't Owe Most Pay Is NOT Taxable Find Out Now.
  • Think and Grow Rich (original 1937) Ebook - and Forum - Membership Website
  • Learn How To Make Over 200 Juicy, Mouth-Watering Paleo Recipes You've Never Seen or Tasted Before
  • paleo desserts cookbook discover to be healthy by making use of nutrient rich dessert recipes.
  • Clickbank Ads

    If you like our content help us with a share… or two …  

    Also -  I have some free stuff for you .......

    Nr 1. In This FREE Report you can Discover:

    Secrets to acquiring the freshest, hottest leads via YouTube In-Stream ads quickly and easily! Best secret tips for the most effective targeting for your ads! Totally legal, but little-known method for literally stealing traffic from your competitors! Get more traffic to your videos and landing pages without spending a fortune! And much more - all within this special FREE report!


    Nr 2. Did you know you can Absolutely EXPLODE YOUR EMAIL LIST FOR FREE with UNTOUCHED offline sources?


    Nr 3. The #1 secret to becoming an affiliate superstar - Earn your first $100 online – without a dime to invest.

    If you’re still looking to “make it online – I have just the thing for you. It’s a video series that shows how to make your first $100 online – even if you don’t have a dime to invest. Yes – nothing.  Free.  Nada. Is this possible? You bet. It’s the most powerful system used by those “in the know”. Good things don’t have to be difficult. And they don’t only come to those who wait. Have A Look


    Nr 4. Top 10 Email Marketing Mistakes. Which of these mistakes do you make?


    Nr 5.  You can learn about : The hottest social networking site that will send an unlimited stampede of traffic to your site - for FREE! How to quickly locate a swarm of hungry buyers using "information portals"! The fast and easy way to use simple images to siphon targeted traffic, on command! Learn how to get the most possible traffic from Instagram, and make sure that traffic converts! And much more ...


    Nr 6. It’s no secret… Facebook is an incredible place to get tons of free, viral traffic. But… most people are going about it all wrong.  How many of these mistakes are you making? Download the free report to find out.


    Nr 7.  Special free report .  It's called "Operation Midas Touch" and you can download it here...

    The report features a surefire method for generating at least $1000 per week online,without a website or product of your own!

    Nr 8.  Instagram is still one of the hottest ways to get a LOT of traffic fast. All by sharing images. Sounds easy enough, yeah? Well, yes and no. If you want to really start driving a lot of  traffic and making sales using Instagram then you should download this report.

    Nr 9.  When it comes to creating a product online there are so many ways to approach it. Wouldn’t it be great to just get the meat of it all so you can get started faster? Well, the good news is, today you can download a guide called the Product Creation Formula Quickstart Guide. It’s as the title suggests - a Quickstart guide. You’ll get a list of action steps to take right away. Download your copy today !

    Nr 10. Would you like to finally USE all of that dusty PLR you have sitting around on your harddrive? Or maybe find the resources for the best PLR available - at the best prices? What about how to use that PLR to make you money with just a few minutes of work. Well, you’re not going to want to miss this!

      Nr 11. Buzzfeed’s top post has more than 21 million views. Think about that for a sec… ONE of their articles has had over 21 million people who have read it! And they have thousands of articles... what would you do with that kind of traffic? A friend of mine hacked their method and was able to use it to get 11,592 targeted new subscribers in 2 weeks on their very first attempt!

    Nr 12. Push notifications are one of today's hottest trends in website traffic and conversions, and for good reason. Studies have shown that as many as 40% of people will opt-in for push notifications, which is about TEN TIMES the rate of people who opt-in for emails! That’s huge! Not only that, but they're also highly effective at pulling clicks, as well. Some studies have shown CTR at an average of around 40%, with highs of as much as 80%! Again, that’s huge!

    Nr 13. Would you like to know how to get more money from the exact same number of website visitors you’re currently getting? Even if you’re website is getting as few as 1-2 visitors a day, this report will show you how to increase your profits using these few handy hacks.

    Nr 14. People have now realised that it's not the size of the list which matters, it's the quality. ... and the only way to create a quality list is by launching your own products. Let it be $7 ebooks, $17 info products, $27 video training product or software's... all of these work. My good friend Kevin Fahey has is revealing how he's launched over 20 products in the past 4 years, many of them top sellers. Needless to say he's banked a handsome amount in this time.

    Nr 15. Do you ever feel that the man you like or even love, just doesn't see you or desire you in way you want him to? Or... maybe you're able to get a man's attention though not the right kind of attention? Or... maybe you're still single because you wait and wait for men to approach you first? What you may not know is that the way we flirt will either attract the "wrong" man for us or the "right" man.

    Nr 16. When it comes to getting sales and leads online, there is ONE thing that 95% of marketers use... it's called a LIST. My friend Jimmy just released a free book that explains WHY a list is important and how YOU can build your own list. It's available right here (and it won't cost you a penny)

    Nr 17. If you have tried everything, and still aren't able to get your Ex back, then you need to pay attention.

    Nr 18. What if I told you that you could make ANY woman WANT to do ANYTHING for you? Would you think I'm crazy? Well... what If I told you that you could also make her LOVE every minute of it and come back for more?


    Nr 19. I have a special free plugin for you today. It's called "Covert Hover Mini"

    This plugin will triple your blog traffic by compelling your visitors to share your images on social media. This is some really clever stuff and it works like a charm. After you grab your free plugin, don't  forget to read the free bonus report as it will show exactly how and why this strategy works like crazy.

    Nr 20. The days of being able to get away with a basic WP theme and a pic or two are gone, your site needs to look good. Even Google are looking for you to have engaging graphics on your site. But getting good quality graphics made for your site is a pain, AND it will cost you both time and money (if you outsource it). But I have a special free download for you today. A virtual treasure chest of over 21K profit pulling graphics you can start sing today to generate more traffic & sales!

    Nr 21. 20 professional full HD background videos. These background videos are perfect for giving your videos that extra kick they need to stand out from the crowd Oh yeah they are in full 1080p HD too, I hope you'll enjoy them.

    Nr 22. If you've ever failed to create a WordPress site of your own or typically waste hours & even weeks trying to figure it all out on your own....

    Nr 23. No doubt, you've seen all of the video launches lately! There is a reason for it... Video marketing is a GREAT way to make money, and with the recent creation tools making it super accessable for anyone to get started... It's no surprise that more people are making videos. However... there is a missing element to most video marketing products...

    Nr 24. For the first time ever... You can get the straight scoop on how someone is selling over $1,000,000/year of t-shirts on Facebook!

    Use them  .... and have fun !