Wednesday, October 18, 2017
Republicans Selling Their Tax Cuts For The Rich: "Lies, Lies, Lies..."
As we continue to be distracted by the puerile antics of the moron Man- Baby and his Republican Party enablers, those same "comforters of the comfortable" are in a race with the legislative clock to pass their upward wealth- transferring tax plan. Of course, as Republicans do, they're lying about it.
As a reference, Paul Krugman has 10 of the most obvious lies Republicans tell about their latest attempt to line the pockets of corporations and the one percent at the expense of the rest of us. Please go to his article for the fill- in details; these are just the enumerated lies:
Lie #1: America is the most highly-taxed country in the world
Lie #2: The estate tax is destroying farmers and truckers
Lie #3: Taxation of pass-through entities is a burden on small business
Lie #4: Cutting profits taxes really benefits workers
Lie #5: Repatriating overseas profits will create jobs
Lie #6: This is not a tax cut for the rich
Lie #7: It’s a big tax cut for the middle class
Lie #8: It won’t increase the deficit
Lie #9: Cutting taxes will jump-start rapid growth
Lie #10: Tax cuts will pay for themselves
Senate Republicans are expected to vote later this week on the 2018 budget. If they pass the proposal (not 100% certain due to solid Democratic opposition and a few ostensible Republican deficit hawks), they'll then be working to resolve differences with their fellow stooges in the House. If and when that's happened, they can pass Man- Baby's tax proposal with a simple majority in the Senate, though the bill is still being drafted and there are a welter of pending issues piling up waiting for resolution (appropriation bills, DACA, Iran nuclear agreement, salvaging Trumpcare (yes) cost- sharing reduction payments, etc.).
A main motivator for these plutocrat lickspittles is the threat from their donor base that not passing their wealth- transferring tax plan will result in the money spigot being turned off, or be re-directed to primary opponents under Bannon banner in 2018. All the more reason to want this piece of sociopathic mischief to fail.