This is the same snake oil the GOPhers have been peddling since Reagan. It never does anything except provide tax cuts for corporations and the 1%, but there are always gullible folks ready to vote against their own interests.
In almost every article about the effort to pass what is primarily an enormous tax cut for corporations and the wealthy, you’ll see a line somewhere that says “Republicans fear that failure to deliver on taxes would be a political disaster,” or “If tax reform doesn’t pass, many in the party fear an all-out revolt in 2018.”
That fear is real and powerful. But it’s worth considering exactly what they’re afraid of and why.
The nightmare scenario for them goes like this. Tax reform gets bogged down in difficult questions about whose loopholes are going to be eliminated and how it will all be paid for and fails to pass; Republican voters are enraged and either turn out incumbents in primaries or don’t bother to show up for the general election, or both; then Democrats take back the House and maybe even the Senate as well.
You are correct. I’m a little worried though that by cutting taxes too much you get to a point of diminishing returns. But I’m cautiously optimistic. What I want to see is a reduction in spending. Absent a complete gutting of the House and Senate, I just don’t see spending cuts in the future.
On Thursday, Sen. Lindsey Graham (R-S.C.) said that the “financial contributions will stop” if the GOP does not pass tax reform.
The senator’s blunt prediction was reported by NBC News producer Frank Thorp V and later retweeted by Graham himself: Q: What happens if GOP isn’t able to pass tax reform?
Graham: “The party fractures, most incumbents in 2018 will get a severe primary challenge, a lot of them will probably lose, the base will fracture, the financial contributions will stop, other than that it’ll be fine!”
GEORGE HARMON, Reagan cut taxes and then had to raise them because of the massive debt he was creating. Bush 41 promised “no new taxes” and then raised taxes. The Republican politicians want people to believe in “dynamic scoring” so they can pay their donors.
danielmkimmel over 6 years ago
This is the same snake oil the GOPhers have been peddling since Reagan. It never does anything except provide tax cuts for corporations and the 1%, but there are always gullible folks ready to vote against their own interests.
Darsan54 Premium Member over 6 years ago
Carmen is promoting this budget proposal? #SAD
Silly Season over 6 years ago
https://www.washingtonpost.com/blogs/plum-line/wp/2017/10/26/heres-the-real-reason-republicans-must-pass-tax-cuts-for-the-rich/
In almost every article about the effort to pass what is primarily an enormous tax cut for corporations and the wealthy, you’ll see a line somewhere that says “Republicans fear that failure to deliver on taxes would be a political disaster,” or “If tax reform doesn’t pass, many in the party fear an all-out revolt in 2018.”
That fear is real and powerful. But it’s worth considering exactly what they’re afraid of and why.
The nightmare scenario for them goes like this. Tax reform gets bogged down in difficult questions about whose loopholes are going to be eliminated and how it will all be paid for and fails to pass; Republican voters are enraged and either turn out incumbents in primaries or don’t bother to show up for the general election, or both; then Democrats take back the House and maybe even the Senate as well.
MichaelRowland over 6 years ago
You are correct. I’m a little worried though that by cutting taxes too much you get to a point of diminishing returns. But I’m cautiously optimistic. What I want to see is a reduction in spending. Absent a complete gutting of the House and Senate, I just don’t see spending cuts in the future.
Silly Season over 6 years ago
https://theweek.com/speedreads/736374/lindsey-graham-bluntly-summarizes-gops-motivation-tax-reform-financial-contributions-stop
On Thursday, Sen. Lindsey Graham (R-S.C.) said that the “financial contributions will stop” if the GOP does not pass tax reform.
The senator’s blunt prediction was reported by NBC News producer Frank Thorp V and later retweeted by Graham himself: Q: What happens if GOP isn’t able to pass tax reform?
Graham: “The party fractures, most incumbents in 2018 will get a severe primary challenge, a lot of them will probably lose, the base will fracture, the financial contributions will stop, other than that it’ll be fine!”
twclix over 6 years ago
Nothing about the republican party is holy. Especially not their “christians”
Nantucket Premium Member over 6 years ago
GEORGE HARMON, Reagan cut taxes and then had to raise them because of the massive debt he was creating. Bush 41 promised “no new taxes” and then raised taxes. The Republican politicians want people to believe in “dynamic scoring” so they can pay their donors.
.http://www.businessinsider.com/chris-collins-donors-trump-tax-plan-bill-2017-11