GOP Tax Scam: Bad Law and No Political Benefit for Republicans

[C_Clayton_Jones]

‘There are many reasons to think that the political dividend from passing the most sweeping tax reform since the Reagan era will be limited.

An unpopular President with a 32% approval rating and an even more despised Republican-led Congress with an approval rating of 16% is about to pass a bill that has only 29% support -- hardly a sure recipe for a political winner.

While Trump is promising a "big, beautiful Christmas present" for Americans, this bill, according to multiple independent surveys, is weighted in favor of the most well off and corporations. Many individuals who get tax cuts will see them phased out over a period of years and some taxpayers will lose deductions that help them pay for medical care and higher education.

And as they combine the Senate and House bills, the Republicans may have made the reform even more unpopular since they are expected to drop the income tax rate for top earners from 39.6% to 37%, apparently at the behest of the President.’

Tax win will be huge for Donald Trump, but don't bank on political windfall - CNNPolitics

The GOP tax scam is not ‘reform.’

Reform generally implies a change for the better – but this is change for the worst, reckless and irresponsible.

 

[Cellblock2429]

‘There are many reasons to think that the political dividend from passing the most sweeping tax reform since the Reagan era will be limited.

An unpopular President with a 32% approval rating and an even more despised Republican-led Congress with an approval rating of 16% is about to pass a bill that has only 29% support -- hardly a sure recipe for a political winner.

While Trump is promising a "big, beautiful Christmas present" for Americans, this bill, according to multiple independent surveys, is weighted in favor of the most well off and corporations. Many individuals who get tax cuts will see them phased out over a period of years and some taxpayers will lose deductions that help them pay for medical care and higher education.

And as they combine the Senate and House bills, the Republicans may have made the reform even more unpopular since they are expected to drop the income tax rate for top earners from 39.6% to 37%, apparently at the behest of the President.’

Tax win will be huge for Donald Trump, but don't bank on political windfall - CNNPolitics

The GOP tax scam is not ‘reform.’

Reform generally implies a change for the better – but this is change for the worst, reckless and irresponsible.

/----/ CNN has an online calculator to determine how much you'll save with the Tax cuts. You need to send that amount to the Treasury to pay down the debt as a matter of principle.