With a vote just a day away and the details of the proposal still shrouded in secrecy, senators are agonizing over siding with the deficit hawks demanding the trigger or the growing band of lawmakers insisting no trigger is necessary because the tax cuts will create wild economic growth to fill the trillion-plus dollar deficit.
Which has never happened in the history of massive tax cuts.
The deficit is only useful to the GOP as a tool to reject Democratic initiatives and to employ as a pretext to cut Medicaid, Medicare, and Social Security.
Expected massive economic growth?
The god damn emperor has no clothes. This approach does not work, it has been proven numerous times it does not work.
Numerous billionaires and millionaires have stated it will not work and oppose it.
So. Let’s try it again.
Welfare for the rich 5.0.
HOW TO SPOT THE GOP’S BIG TAX BILL LIE
Excerpt:
5. They’re all piled into the getaway car wearing their robber masks. In some ways, the most profound and persuasive evidence that Republicans are poised to plunder the treasury for the rich requires no scrutiny of the contents of their tax bills at all. Rather, one could simply observe that if Republicans weren’t poised to plunder the treasury for the rich, they’d be behaving rather differently.
If these were the kinds of tax bills Paul Ryan and others describe, Republicans wouldn’t be vulnerable to criticism, nor proceeding in a rushed and partisan fashion. A bona fide middle-class tax cut would pass overwhelmingly. A revenue- and distributionally-neutral tax reform initiative would likewise be a bipartisan undertaking, and produce legislation that congressional leaders would unveil upon completion of painstaking negotiations, and not a moment sooner.
The reason these bills are advancing along party lines, through an arcane legislative process that allows partisan majorities to avoid filibusters, is because they don’t help the middle class and don’t fix major problems with the tax code. Republicans are acting like they’re about to get caught lining rich people’s pockets, because that’s exactly what they’re up to.
The GOP Tax Plan Might Make Sense — If Recessions Didn’t Exist
Excerpt:
This is why it’s impossible for anyone to credibly claim that they want to reduce the national debt and, also, pass the GOP’s tax plan. There is no fiscally conservative argument for adding hundreds of billions of dollars to the deficit at a time when the stock market is at record highs and unemployment near record lows. If Republicans cared about the debt, they would be pushing to cut it now — austerity will be far more painful when the economy (inevitably) falls back into recession.
But the GOP, writ large, does not care about the deficit. The party’s primary concern is ensuring that corporate America gets a return on its political investments. Republicans aren’t pushing a giant, regressive, deficit-financed business tax cut because they think such a policy meets the specific needs of the 2017 economy. They’re pushing it because 2017 is the year they happened to gain full control of the federal government; they lack the votes to pass significant spending cuts or middle-class tax increases; and their party exists to consolidate wealth and power into the hands of its well-heeled benefactors.
A message to Republicans: A member of your party is the president of the United States. As your president made clearly evident again today he is a dangerous madman, in the throes of a full bore narcissistic rage and willing to do anything (including destroy everything around him) to bring his worldview back in line with his malignant need to be seen as the most perfect human ever. The United States is in a crisis and you control the Congress and you are doing nothing to address your responsibilities to the country - all of the country, not just your oligarch paymasters. For God’s sake, Republicans, what does it take? I am convinced you have killed any decency or sense of duty you once had in order to make the Kochs and Mercers richer, but look out. Trump will destroy you and the party too and the Kochs will be playing ball with your “base” only. You could accept responsibility for this, impeach Trump and still be acting only in your own self interests. You know, the only thing that motivates you. For God’s sake, Republicans.
Club for Growth tipped its hand; they’d much rather cut spending on the Poors when tax receipts invariably fall short than raise taxes on the wealthy…
PS: Triggers are stoopid, since one thing that would surely trip them would be a recession. I’m not a big believer in the magical economic impact of fiscal policy, but I would submit that that’s the worst possible time to freaking raise taxes…
The most effective weapon in the Republican arsenal right now is, ironically, the very nature of their clusterfuck clown-car. Nobody has any idea of what the hell kind of final bill might pass, and this makes it that much harder to really mobilize opposition to it.
I mean, hell, I consider myself at least one standard deviation more informed/aware than the average voter and I have no clue what’s happened with the rich-man-tax-cut bill in the last week or two.
We continue down the road to third world status
Instead of a trigger that raises taxes if the federal deficit becomes too deep, the Koch brothers-funded group has an alternative proposal.
“Here’s an idea. How about cutting spending?” McIntosh wrote. “A spending cut trigger would be a far better idea.”
DING-DING-DING-DING!
As predicted they’re going with an auto spending cut provision. They already have it with the sequester which will cut $25 bill from medicare (that’s medicare…the program that Trump voters use more than any other) in year 1 of full implementation. When the GOP’s sequesters hit key programs like Medicare, it will be game over for them.
If tax cuts for millionaires, billionaires and tax-avoiding transnational corporations pay for themselves due to the massive economic growth they inspire, then why would any GOPosaur be against a trigger mechanism that will never be needed in the first place? It’s like telling your best bro, “Dude, I will NEVER sleep with your sister,” when your best bro doesn’t even have a sister. Easiest play in the book, no? Well, they are against the trigger because they are lying, of course. And they know they are lying. And they know that we know that they’re lying. But our corporate-owned media still insists on covering the story as, “Republican’ts say the tax cuts will pay for themselves, while Democrats disagree,” instead of what we all know to be true, that being, “History has repeatedly shown that tax cuts for the very wealthy and corporations lead to massive budget deficits and increased income equality.”
I bet bugs bunny, elmer fudd, wiley coyote, road runner and porky pig could have a meeting and be more successful at accomplishing GOP congressional business.
As to there fearless gop leader goes,
MORON is all I got left.
spending cuts, awesome idea, since there is little to no non-defense discretionary spending left in the budget that won’t cut into supports paid for by payroll taxes, all that is left to cut is the bloated military budget, if billionaire tax breaks increase the deficit, then draconian cuts to the military are all that is left, run with that republicons - but medicare and SS benefit cuts will be the payment mechanism utilized, which will be another tax hike by any name, and a retroactive one, as it will surely result in benefit cuts for programs that all of us have been paying into our entire working lives, but hey, if traitorous Don Jr needs an extras few million in inheritance, who am I to complain, AMIRITE repubes?
FREEEDUMB!
When McConnell finally meets his Wattleloo.
Three decades of multiple tax cuts already, so where are all those jobs? Could they have been lying all along?
former hold-out Sen. Bob Corker (R-TN) secured a “verbal promise” from President Trump to include a “trigger” mechanism in the bill
Don’t tell me, let me guess. Trump’s verbal promise is worthless? Say it ain’t so, Joe!
a “verbal promise” from President Trump
Nothing wrong with that picture. Dotard’s promises are as good as etched in stone.
@irasdad I saw what you did there. Good one!!
They were never actually serious about including triggers in the bill. That’s all turd polishing for the rubes, and so that the media can report how hard and how serious Republican’ts are working to protect the best interests of the rubes who put them into office, so as to get their (never coming in a million years) Fair and Balanced Medal from DJT in his morning Twitter from the Shitter. The correct strategy comes from the Hippocratic Oath: First do no harm…