Senate Tax
Bill Is a Scam,
Through-and-Through
But you knew
this didn’t you?
Republicans
are trying to pass a major tax rewrite, without any Democratic votes, as their
two-seat majority is about to be cut in half, thanks to Sen.-elect Doug Jones
(D-Ala.).
After spending most of the year promising a tax
cut for the middle class, Republicans in the Senate have joined their
colleagues from the House of Representatives in reneging on this pledge. The
bill passed today is nothing more than a giveaway to the richest
households and corporations,
period.
It will raise taxes on many low- and moderate-income households, and
the deficits it will leave in its wake will be used to attack Social Security,
Medicare, and Medicaid—a strategy clearly telegraphed by both the Republican
budget resolution from last month as well as by Senator
Rubio more recently.
Besides lying about who would benefit most directly
from the tax cut, defenders of today’s bill have also lied about the
trickle-down benefits that will accrue to workers in the form of higher wages.
Simply put, this bill will not
raise wages for typical workers—but it will deny health insurance to 13
million workers, a measure Senate Republicans included to help contain the
overall cost of giving large tax cuts to rich households and corporations.
This
bill is a scam through-and-through.
If you vote
for this tax bill now, I will vote you out in your next election!
Approved in
the dead of night, when virtually nobody was watching, the biggest change in
U.S. tax law in decades included last-minute revisions that skewed the bill
even more toward the rich.
Photograph by
Alex Edelman / picture-alliance / dpa / AP
https://www.newyorker.com/sections/news/the-passage-of-the-senate-republican-tax-bill-was-a-travesty