<"Yer Tax Cuts Passed? Tax THIS!": The Highwayman>
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>A Few Passing Thoughts...<
>A Few Passing Thoughts...<
“How can you vote for tax reform if it’s going to increase the taxes in your district?” Mr. King asked, suggesting lawmakers would have to say: “Great victory! We got the first tax reform through in 30 years. Your taxes are going up, but it’s O.K. because we got it through.”
People will think you’re nuts,” Mr. King said.
<New York Times: 11/08/17)>
"Republicans need not have proceeded in this fashion. They could have undertaken revenue-neutral corporate-tax reform and tax cuts only for those making, say, less than $75,000. That, however, would not have pleased their big donors.
"Now the GOP will pay the political price for a bait-and-switch, just as it did on Trumpcare, which paid for tax cuts for the very rich by cutting Medicaid.
Republicans seem incapable of avoiding these reverse Robin Hood schemes. Perhaps they really do care only about the rich."
(Jennifer Rubin, "Right Turn," Washington Post)
"Now the GOP will pay the political price for a bait-and-switch, just as it did on Trumpcare, which paid for tax cuts for the very rich by cutting Medicaid.
Republicans seem incapable of avoiding these reverse Robin Hood schemes. Perhaps they really do care only about the rich."
(Jennifer Rubin, "Right Turn," Washington Post)
"The foundation of the Republican tax plan is a massive $1 trillion corporate tax cut that isn’t paid for at all. From the beginning, Republicans gave themselves space to add $1.5 trillion to the deficit in order to make the corporate tax cut even bigger.
"Yet the party of fiscal conservatism had no qualms about supporting it. They simply placed their faith in unsubstantiated projections of economic growth to fill that hole — and if it does not, they are already talking about cutting spending for Medicare and Social Security to make up the difference."
(vox.com)
"The end result is sheer absurdity: a reform that actually complicates the tax code further, and that must contradict itself and partially self-destruct to attain some semblance of the fiscal discipline Republicans claim to value. It’s hard to imagine a more egregious waste of time and energy, or a worse outcome for taxpayers and the broader economy."
(Bloomberg View)
“The test of our progress is not
whether we add more to the abundance of those who have much, it is whether we provide enough for those who have little.”
whether we add more to the abundance of those who have much, it is whether we provide enough for those who have little.”
(President Franklin Delano Roosevelt)
“I think they are going to spend millions of dollars
trying to put lipstick on this pig. But unfortunately
there’s nothing they can do to change it from being a pig.”
trying to put lipstick on this pig. But unfortunately
there’s nothing they can do to change it from being a pig.”
(Ezra Levin, co-executive director, Indivisible)
