While the country tuned in to hear Brett Kavanaugh rage and weep against the unfairness of having to allow a woman to come forward with an allegation of sexual assault against him, Republicans in the House of Representatives, along with three Democrats, passed another $3.8 trillion in tax cuts.
Figures…https://t.co/V7AFXj7sGd
— Brian Krassenstein (@krassenstein) September 29, 2018
According to Fortune:
‘The House’s new bill takes effect starting in 2025, and would add $600 billion to the national debt within the next decade, and then $3.2 trillion in the 10 years after that, according to Howard Gleckman of the Tax Policy Center.
‘Despite the House vote, it is unlikely the Senate will take up the legislation. The first round of tax cuts landed with a thud, with even a leaked Republican National Committee poll—reported on by Bloomberg News—showing American voters thought it benefited “large corporations and rich Americans” by an overall 2-to-1 margin and the same margin among independent voters.
‘Without special rules in place, the Senate would vote under normal procedures, which can require 60 senators’ votes to pass a bill that is heavily opposed.’
As Kavanaugh proceeds, House GOP just passed by 220-191 margin a second round of tax cuts estimated to cost $3.1 trillion in 10 years on top of $1.9 trillion cost of original tax law.
TPC estimates of how rich/poor benefit from GOP tax cut 2.0:https://t.co/DPA5jRkcPr pic.twitter.com/Li05IrMpkU
— Jeff Stein (@JStein_WaPo) September 28, 2018
Although Trump and his GOP friends in Congress touted the first round of tax cuts, Trump’s singular accomplishment in his entire first year in the White House, voters have been unimpressed. Other than the most rabidly loyal of Trump fans, most Republican voters see what Democratic voters saw from the beginning: the tax cuts Trump was so proud of helped the very wealthy, but not the working class.
As you want to give tax cuts to the extremely rich. What about the"regular American people "? Whatcha gonna give us? We had a $900 fed tax bill this year. Help me out, why don't you?
— 11CatsAgainstNazis&1ConfusedKitteh (@landis_melinda) July 31, 2018
USA Today warns that Trump’s one achievement doesn’t touch the popularity of the ACA when it passed, and President Obama still lost control of Congress following its passage.
‘Republicans should also know about the difficulty of running on legislation. They were the ones who worked the other side of Obamacare so effectively. And they, more than Democrats, have defined themselves by promoting distrust in government. As President Reagan put it: “Government is not the solution to our problem; government is the problem.”
‘And yet here Republicans are, pushing this swell new tax cut law.’
Jason from Delaware says: “The tax cuts recently passed by Congress and signed by President Trump don't help me at all. In fact, my middle class taxes are going up as a result of the huge tax cut windfall Trump gave to the top 1 percent of earners.”https://t.co/CebROOi6CP
— Ways & Means Committee (@WaysMeansCmte) July 16, 2018
Unfortunately for the GOP, there just aren’t enough wealthy people to vote them into power in 2018.
Featured image via Flickr by Mika Popovijk under a Creative Commons license