President Trump has yet to see any of his major legislative proposals become reality, preferring to spend his time attacking people on Twitter over actually working with lawmakers. Instead of actually working with lawmakers, Trump has largely attempted to make enemies of many of them.
Even still, through all of this, the Congressional GOP is moving towards their first big accomplishment since Trump took office nearly a year ago at this point. On Thursday, the House passed their version of a tax reform bill, and on the same day, the Senate Finance Committee passed their version of a tax reform bill as well.
The full Senate has yet to vote on a tax reform measure; that vote will, apparently, take place after Congress returns from their Thanksgiving recess.
Upon the tax reform bill passing the Senate Finance Committee, Senate Majority Leader Mitch McConnell commented:
‘For the millions of hard-working Americans who need more money in their pockets and the chance of a better future, help is on the way. When the Senate returns after Thanksgiving, I will bring this must-pass legislation to the floor for further debate and open consideration.’
McConnell’s characterization of the bill is far from the full story. The GOP has continuously insisted that their planned tax cuts for corporations and the upper class will translate into something good for lower income people, but trickle down economics has long been debunked.
The Thursday night Senate Finance Committee hearing about the Senate tax reform bill erupted into a shouting match between Sens. Orrin Hatch (R-Utah) and Sherrod Brown (D-Ohio) over the two major parties’ respective takes on the measure.
Sherrod Brown really takes the fight to Orrin Hatch here. No Trumpian namecalling or low blows. Instead focusing on the GOP helping only the ultra-rich. Judging by how mad Hatch got, Brown hit a soft spot. pic.twitter.com/WxDFb8ipHB
— Adam Best (@adamcbest) November 17, 2017
Sen. Hatch insisted that his lower income background meant that he could do no wrong when it comes to his policy proposals that affect lower income people, but his background has nothing to do with the goodness of his present day proposals. That’s just an irrelevant personal argument.
The Senate’s version of the tax reform plan includes a repeal of the ObamaCare individual mandate, and a Congressional Budget Office analysis has found, The New York Times reports, that repealing the mandate would leave 13 million people without health insurance in 2027 who would have it otherwise.
President Trump tweeted in support of the GOP’s effort to get a tax reform bill passed, but his only contribution to the discussion was a belligerent attack on Democrats.
There’s really no way to get around the fact that the GOP’s plan to cut taxes for corporations correlates with an expected eventual tax increase on lower income people.
As The New York Times reports:
‘Congress’ Joint Committee on Taxation estimated the Senate plan would mean higher taxes beginning in 2021 for many families earning under $30,000 annually. By 2027, families making less than $75,000 would face tax boosts, while those making more would enjoy cuts.’
As mentioned, the GOP has a good reason to make a mad dash to pass tax reform — their previous efforts at accomplishing something substantive through repealing the Affordable Care Act failed.
Featured Image via Andrew Harrer/Bloomberg via Getty Images