Here's what I think we need to know about the highly partisan version of tax "reform" now being pushed through the senate:
1. George W. Bush passed massive tax cuts and what we got was....permanent prosperity? Oh, wait, it was the biggest crash since the Great Depression. I'm not saying the tax cuts were the sole cause, although they did contribute to the financial bubbles that led to it. But it's obvious that tax cuts don't guarantee growth or prosperity or economic stability.
2. This is a Trojan horse. The massive transfer of wealth to those who already have it will eventually crowd out funding for things like Medicare, Medicaid, student aid, food security, housing etc.
3. There are plenty of "starve the beast" Republicans who want that to happen. They hope a crisis will force cuts to domestic programs.
4. Then there's the whole thing about adding $1.5 trillion+ to the deficit for no good reason.
5. Whatever cuts some middle class people will get is a sugar high. Those cuts are temporary, while cuts to corporations and the wealthy are permanent.
6. Due to the tilt of the programs towards the wealthy, people in 19 states, including West Virginia, will eventually pay more in 2027 than they do under current law.
7. Then there's the consequences of repealing the Affordable Care Act's individual mandate, which will greatly increase the number of uninsured Americans and drive up costs for everyone else.
I mean, golly, what could possibly go wrong?
Showing posts with label tax scam. Show all posts
Showing posts with label tax scam. Show all posts
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