What Fresh Hell Is This?

December 18, 2017

There's A Political Disconnect Here.

From The Washington Post:
The outcome of the tax votes, however, appears certain after Republican Sens. Marco Rubio (Fla.) and Bob Corker (Tenn.) on Friday pledged their support. The two gave the GOP the Senate votes to pass the bill, even as Sen. John McCain (R-Ariz.), who is battling an aggressive form of brain cancer, returned to Arizona on Sunday. He is not expected to vote on the final bill.

The measure’s passage would mark the first major legislative accomplishment for Trump and GOP leaders in a year of stumbles, the products of months of negotiations and late adjustments aimed at winning over the last holdouts.

Republicans fanned out across the national news shows Sunday as part of their continued efforts to sell the public on the bill, promising benefits to the middle class both from tax cuts and ensuing economic growth.

“We think as a result of lowering business taxes, wages will go up. So, this is a huge opportunity for creating jobs, for creating tax cuts for working families,” Treasury Secretary Steven Mnuchin said Sunday on CNN’s “State of the Union.”

Congress’ nonpartisan tax analysts, joining several other nonpartisan assessments, concluded that the bulk of the bill’s benefits would go to the wealthy and corporations. Those analyses have also projected that the cuts will produce far less economic growth than Trump and administration officials are promising.
Oh, yea. And this:
Polls suggest that the public is skeptical of the promised major gains for the middle class. In a recent CBS poll, 76 percent of respondents said the bill’s biggest benefits would go to the largest corporations. Democrats, who were shut out of the bill’s construction and find themselves all but powerless to prevent its passage, attempted to hammer home that point Sunday.
So the cuts will mean more money to the already wealthy but they won't produce the economic gains our friends in the GOP have promised us - all while a skeptical public watches, more or less powerless to stop it.

Trump's America.

2 comments:

End the Witchhunt of Harvey Weinstein said...

I always take the standard deduction because I do not have enough deductions.
So I getting a tax cut from them raising the standard deduction.

https://twitter.com/Gormogons/status/942757373881483264
GP Dear California, Don't think of losing SALT deductions and having your mortgage interest deduction capped at $750,000 as a bad thing. Think of it as paying your fair share. Love, 'Puter

End the Witchhunt of Harvey Weinstein said...

Pass the Tax bill for Steve who was shot by a Progressive.