A funny thing happened to us collectively in the wee hours of late Friday night/early Saturday morning. On December 2, 2017, we were all cheated, taken advantage of, and assaulted while we were sleeping. No, Harvey Weinstein and Bill O’Riley didn’t sneak into the house and do what they do. It was the Senate Republicans passing their “tax reform” bill. To paraphrase Al Pacino in Dog Day Afternoon, I like to be kissed when I’m getting screwed. Of course, I’m not talking about a literal physical situation that deserves a #metoo. I’m talking about a highway robbery of the middle and lower classes, a reverse Robin Hood situation that deserves a #TrumpTaxScam.
The GOP tax reform bill, sophomorically named the Tax Cuts and Jobs Act, passed in the Senate at 2:00 in the morning. Why? Because they were so diligent and working so hard for the people that they couldn’t rest until their civic duty was done? Nope. The bill was rushed through because they needed a political win before yet another study by a non-partisan group came out and again showed everyone the huge sum that would be added to the deficit and the other huge sum that would be going to the rich. And apparently, this is how Republicans think the Senate functions. Remember when Obamacare was passed in the middle of the night? Oh, wait, it wasn’t. It took over a year, a year filled with meetings, committees, hearings, debates, and compromises. This Republican tax scam just gave the middle finger to due process and the American people.
By now, you’ve heard the numbers. The #TrumpTaxScam will cut 5.8 trillion dollars in tax revenue by mostly lowering the corporate tax rate to 20% from 35%. Yet, it will only add 1.6 trillion dollars to the deficit. (And I use the word “only” here like I do in this sentence: You only have stage-four cancer.) So where did the other 4.2 trillion dollars go? It’s an economic magic trick, but if you look in the pockets of the richest 1%, well, there’s the whole pile. The Republicans say that this pile of pocket money will help create jobs. Yet, when you cut taxes on corporations, they don’t take that money and put it back into the company and its employees or create new job positions. They take that money, stash it away, and give it to their shareholders and upper management. Yes, corporations are people; they’re just really, really bad people. Corporations don’t make more products which in turn increases jobs until there is a demand for more products. And the best way to create that demand is to give the consumer more money to spend. The average consumer doesn’t stash that money; they spend it! But the #TrumpTaxScam puts the majority of the tax burden on the middle class, eliminating their purchase power and their tax deductions.
But wait, I thought Republicans hate a growing deficit. I’ve heard Paul Ryan call himself a deficit hawk. Mitch McConnell has said in the past that the annual deficit “is completely out of control” (10/19/17 Boston Globe). Yet, apparently, when the Republicans steeply increase the deficit, it’s okay. And here’s why: In the very near future, they will propose major cuts to Social Security benefits, Medicare, Medicaid, education, and other entitlement programs, all in the name of deficit reduction. They will steal the money from the entitlement programs, the money that the middle class has put into the funds. And then they will try to privatize those programs to make even more money. Because the goal of the #TrumpTaxScam goal is to not only cut taxes for their corporate donors, but it’s also to cut funding for and dismantle any programs that work for the middle and lower classes. It is class warfare with a disgusting bank heist of our capital. Mark my words. It is coming if we don’t fight back. #TrumpTaxScam
Power to the People,