GOP Goal: Avoid Billionaire Wrath

Discussion in 'Politics' started by Lakhota, Nov 10, 2017.

  1. Lakhota
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    Lakhota Diamond Member

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    “The most excited group out there are big CEOs,” said Gary Cohn.

    WASHINGTON ― The White House and congressional Republicans have sought to portray their tax plan as primarily a middle class tax cut. But lately, some of them have been admitting that big money political donors and wealthy CEOs, two groups thatoverlap heavily, are the ones who care about it the most.

    “The most excited group out there are big CEOs, about our tax plan,” Gary Cohn, the leading White House economic adviser and former chief operating officer at Goldman Sachs, said in an interview with CNBC on Thursday.

    Cohn’s statement is no doubt true ― it just isn’t exactly the message Republicans want to send as they argue that their bill isn’t just a sop for the rich and powerful. But over the past few weeks, several Republicans have indicated that the tax bill would boost the wealth of the already rich and ensure that their political donations keep flowing to help the GOP hold power in 2018.

    “My donors are basically saying, ‘Get it done or don’t ever call me again,’” Rep. Chris Collins (R-N.Y.), himself a millionaire, said on Tuesday.

    Sen. Lindsey Graham (R-S.C.) told reporters on Thursday that a failure to pass tax reform would fracture the Republican Party and lead to more far-right wing primary challengers. “The financial contributions will stop,” he added.

    It isn’t often that politicians admit that their failure to pass legislation will impact their ability to collect money for their campaigns. They usually try to avoid an appearance that campaign contributions are linked to specific legislation.

    Lawmakers aren’t the only ones talking about the connection between legislation and campaign money. Conservative donors and those running the political groups that help elect Republicans have issued similar dire warnings.

    “(Donors) would be mortified if we didn’t live up to what we’ve committed to on tax reform,” Steven Law, the head of Senate Conservatives Fund, a super PAC affiliated with Senate Majority Leader Mitch McConnell (R-Ky.), told the New York Post.

    More: Republicans Admit That CEOs And Donors Really Need The Tax Cut Bill To Pass -- Or Else

    Yep, it's all about the money and keeping their GOP donors happy - at the expense of regular people.
     
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  2. TheOldSchool
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    TheOldSchool Diamond Member

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    I wonder how high up in priority tax cuts for big corporations were for rust belt Trump voters
     
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  3. Kosh
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    Kosh Gold Member Supporting Member

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    Well since we know this is a debunked narrative from the far left, it go on record that the rich got richer under 8 years of Obama!

    But never let a good debunked far left narrative go to waste!
     
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  4. Lakhota
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    Lakhota Diamond Member

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    Duh, yeah, without President Obama butchering regulations - like Trump is doing. The rich also got richer when taxes were much higher. So, what's your point?
     
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  5. Aldo Raine
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    Aldo Raine Senior Member

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    Color me shocked!
     
  6. basquebromance
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    basquebromance Gold Member

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    Mitch McConnell, are you trying to do a kamikaze attack on Trump's agenda or are you just monumentally stupid and inept?
     
  7. ScienceRocks
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    ScienceRocks Blue dog all the way!

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    It seems to me that these crooks are the only ones that they care about.
     
  8. basquebromance
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    basquebromance Gold Member

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    Donald Trump is under attack by every “ism”

    Marxism
    Leninism
    Stalinism
    Maoism
    Progressivism
    Socialism
    Liberalism
    Anarchism
    Fascism
    Islam Radicalism
    Collectivism
    Feminism
    Globalism
    Environmentalism
    Corporatism
    Cronyism...

    i could go on forever
     
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  9. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    The three richest men in the country, who have more wealth than the bottom 50%, are supporters of the Democratic Party, but let's not allow reality to get in the way of your vast amount of ignorance concerning the world

    Bill Gates, Jeff Bezos and Warren Buffett are wealthier than poorest half of US
     
  10. Spare_change
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    Spare_change Gold Member

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    Why don't you explain to us just why the rich are excited about the GOP tax plan.

    You have demonstrated admirable ignorance about the whole program. Let's see if you know what the hell you're talking about.
     
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