Wednesday, November 15, 2017

Trump Adviser Surprised When CEOs Don't Follow The Trickle Down Script


As Senate Republicans prepare to introduce their "wealthfare" tax bill, which proposes to end the Affordable Care Act's individual mandate just to shovel $300 billion more in tax cuts to corporations and the wealthy, it appears not all corporate CEOs are on board with the Republican trickle- down script that tax cuts will magically boost the economy and job growth.

Here's how one smarmy Trumper got the message:
President Trump's top economic adviser, Gary Cohn, looked out from the stage at a sea of CEOs and top executives in the audience Tuesday for the Wall Street Journal's CEO Council meeting. As Cohn sat comfortably onstage, a Journal editor asked the crowd to raise their hands if their company plans to invest more if the tax reform bill passes. 
Very few hands went up. 
Cohn looked surprised. “Why aren't the other hands up?” he said.
This is the former Goldman Sachs head who weaseled around when his boss said Charlottesville neo- Nazis are "good people" and both sides were responsible for violence, but who stuck with the regime in order to get tax breaks for himself and his billionaire donor class. Yet, as the "top economic adviser," he doesn't have a clue what the reality is, even in his own insulated world. Somehow that fits the pattern.

Make no mistake. Both the Senate and House Republican tax packages are the opening wedge to gut the social safety net while benefitting the Kochs and Mercers of the world, and their agenda.  It's a fight we can't afford to let them win.