by Rex D. Cain
the average American
isn't even close to being a policy wonk and never wades
into the details
of legislation or what lawmakers do to them on a regular basis - why
get in the way of a good story or belief system? - right now, this
moment Joe and Jill Sixpack
across the nation have no idea
how badly they've been hosed by this Republican
the nasty, snarling, blood-dripping thing called
"tax reform" that passed the US Senate in the wee hours of Saturday
morning becomes law of the land, Joe and Jill and their kids will be
this nightmare for years to come while Wall Streeters, the billionaire
the Koch brothers, Donald Trump and his family and huge corporations
the way to the bank.
And as they laugh on their way to
deposit their winnings at
your expense, they'll sing that very old Washington, D.C. song called,
Jones describes what happened in those early morning
hours this way:
final version of the three-week-old bill
was not released until four hours before the
vote. There have
been no hearings on the bill and none of the bipartisanship
during the last major tax overhaul in 1986.
bill, the Tax Cuts and Jobs Act, is projected to
add more than $1 trillion in deficit spending over 10 years,
but passed a
Republican caucus that spent the
Obama years obsessed over the
There was just one dissenter in the party, Sen. Bob
Corker of Tennessee. The final vote was 51 in favor,
49 against, with all the Democrats and
Corker voting no."
Here's all you need to know. Right at
a time when
corporations in this country are reaping record profits and sitting on
piles of cash and need no help from you the taxpayer
whatsoever - and
while these corporations are most certainly not going
out of their way
to create more jobs, increase wages, invest in new factories or stop
jobs offshore - they get a big PERMANENT
tax cut and (most) everyone else gets
much smaller, temporary tax cuts which will fade away with time.
They win, you lose sucker because YOU
are the one paying for
those permanent cuts that will do nothing but create more economic and
inequality in this country and bloat America's deficit.
And over the next decade, this
combined huge $1.4 trillion
dollar tax cut, "Would disproportionately
reward the wealthiest Americans while
piling on the
national debt—which in turn will likely be used by
Republicans as a
justification for cutting Social Security, Medicare, and Medicaid," as Mother
Jones and others put it.
And you can bet on that happening.
Don't believe you've been thrown to
the wolves by this
Republican congress? Well, just take a peak at this
story here by The Village Voice called
"All the Ways the GOP Tax Bill Will Screw You Over." It's a sobering
can bet your bottom dollar ol'
Bubba Sixpack sittin' in the middle of Bumptulips, Omaha who's been
Republican all his life because he loves their stance of "them thar'
social issues" won't be reading it.
attitude is partly why Bubba
keeps getting hosed by his GOP pals in Washington and can never get
financially. That attitude (don't confuse my
poor lil' country boy head with facts!) is why Bubba has to shop at
instead of Saks 5th Avenue.
The Village Voice puts
the GOP tax
bill in its proper historical perspective: it's "the biggest shift of
wealth to the rich since Reagan."
And why the big rush for this
were Republicans in such a
rush to get this "tax reform" monster put to bed knowing that just 25
of Americans approve of it? Mother
one, there seems to be fear that the bill will only
get more unpopular if subjected to further scrutiny. And then there are
donors. “My donors are basically saying, ‘Get it done or don’t ever
again,’” Rep. Chris Collins said
earlier this month. Many have already closed
their checkbooks, and Republicans are keen to see them
Oh. And there's a report over
at The Intercept you really should read called,
"The GOP plan is
the biggest tax increase in history, by far."
Just for openers that report notes:
Policy Center estimated that about 80 percent of the benefit
of the tax
plan will go to the top 1 percent, who will enjoy the
elements of the tax cut:
full $1.5 trillion alone is going to slash the corporate
tax rate. CEOs have said repeatedly they plan to pocket that money
invest it or give workers higher wages.
alternative minimum tax, paid almost exclusively by the
rich, is also eliminated. That’s a $700 billion giveaway.
$150 billion goes to repealing the estate tax, which
currently exempts the first $11 million of the deceased’s
nobody even remotely middle class pays it. The repeal benefits
people you can practically list them out."
And things for you, Joe and Jill
Sixpack go downhill from
But wait! Didn't House Speaker Paul
Ryan and other
Republicans release a letter signed off on by "137 economists" who
say they strongly endorse
the GOP tax reform plans because they are so swell for
Well, there's a bit of a problem
there with credibility. You
see, some reporters looked into that list of "economists" and there
were some "discrepancies."
Things like economists, "that are
academics but are actually retired, and others who have never been
economists. One might not even exist."
You'll find that story called
Assistants, Ex-Felons and A Sprinkling Of Real Economists" right
And one final report we think is just
a hoot. It's
a Washington Post story here called,
"Apparently Republicans want to kick the middle class in the face."
And so it goes.