The Tax Bill: Sausage Getting Made
If there’s anything certain in politics, it’s this: politics always wins.
The GOP Tax bill first promised big cuts for the middle-class, then scared a lot of Americans with the threat of draconian cuts in long established areas, and now is positioned to do as originally intended; provide tax relief for corporations. To be sure, we’re talking about a tax cut of more than 30% for American corporations. So how do they pull that off?
First, The GOP floated a BS report of how this would help middle and lower class Americans. It doesn’t. Then they frightened the blue states by threatening to remove tax credits for interest payments on your home loan and state income taxes. And under the latest incarnation, that’s almost entirely gone as well.
So, the bill is not as bad as first advertised. But there’s the sausage right there. The bill still favors rich Americans. The bill will make health insurance more expensive. The bill will create a $1.5 trillion deficit. The bill sucks for almost everyone, except the wealthy.
But, you’re thinking, “it could have been worse,” and that’s the exact moment that they win.