Despite claiming otherwise (which in less polite circles would be called telling a lie), Donald Trump and six members of his inner circle will be big winners of the Republicans’ vast tax overhaul, with the president personally benefiting from a tax cut of up to $15m a year, research shows.
Corporations are about to start saving a lot of money, and most of it is not going to workers… it’s going to shareholders, rich investors, and corporate executives.
“The US is alone among developed countries in insisting that while human rights are of fundamental importance, they do not provide rights that guard against dying of hunger, dying from a lack of access to affordable healthcare, or growing up in a context of total deprivation.”
Republicans muscled the largest tax overhaul in 30 years through the Senate early Saturday, and in doing so, took off their masks and revealed to the world their true nature: that they only care about corporations and the wealthy, and that despite their repeated campaign promises to help the middle class and the poor, they never had any intentions of fulfilling those empty words that stir so many citizens to cast a vote against their own interests.
Congressional Republicans have argued that the tax overhaul will launch so much economic growth that it will generate additional revenue, allowing cuts to pay for themselves. But the nonpartisan Committee for a Responsible Federal Budget said that it would not generate the kind of growth needed to pay for itself, and indeed, recent estimates from the congressional Joint Committee on Taxation found that both the House and Senate versions of a tax overhaul would add around $1.4 trillion in debt in order to pay for the tax breaks for the wealthy and corporations.
The Republican’s policies are now so far removed from the promises and statements they make, that it is astonishing that anyone still believes in their lies and votes Republican at all, with the exception of the wealthiest 1% of the nation, whom those polices favor.
Trump Says His Tax Plan Won’t Benefit the Rich—He Outright Lied.
When the nonpartisan Tax Policy Center analyzed the proposal, it found that the vast majority of benefits would go to corporations and the top 1 percent of earners.