This tax cut bill is currently polling as the second most unpopular piece of legislation in history. And that's before voters really find out what's in it.
And as soon as it passes, guess what? After adding trillions of dollars to the deficit Republicans will suddenly become deficit hawks and there'll be attempts to make massive cuts to Medicare and Social Security to make up for the losses caused by this tax cut. They're starting already:
Tax reform is only one piece of the overall puzzle needed to revitalize the American economy, Sen. Marco Rubio (R-Fla.) told a group of Washington, D.C., lobbyists and policy analysts this morning at a Politico Playbook Interview sponsored by the Financial Services Roundtable. The other part? Reduce the deficit and offset the cost of the reform, which the Congressional Budget Office estimates at $1.3 trillion.
“I analyze this very differently than most,” Rubio told the crowd. “Many argue that you can’t cut taxes because it will drive up the deficit. But we have to do two things. We have to generate economic growth which generates revenue, while reducing spending. That will mean instituting structural changes to Social Security and Medicare for the future,” the senator said.
https://www.fa-mag.com/news/rubio--o...its-35928.html
Candidate Trump raged at the rigged economy and promised to unrig it and make everybody better off. Instead he's rigged it even further in the favour of corporations and the wealthy. Surely at some point the people who voted for him are going to realise they've been conned?
Bookmarks