Posted 1 year ago on Dec. 2, 2017, 3:58 a.m. EST by gsw
from Woodbridge Township, NJ
This content is user submitted and not an official statement
They seem all a buch of BIG CRYING LIARS...... THER' S A WOLF OVER THERE,!
https://www.vox.com/policy-and-politics/2017/12/2/16724978/gop-tax-bill-deficit-debt-fraud Since regaining power in January, congressional Republicans have embarked on a relentless campaign of proving themselves pure nihilists. The GOP spent the Obama years in a frenzy over debt and deficits. Now they are passing a tax bill that will add trillions to the national debt, complete with budget gimmicks that, if they play out the way Republicans are publicly hoping they will play out, will lead to an even higher price tag. That bill includes repeal of the Affordable Care Act’s individual mandate without any replacement — a policy that will break Republican promises to stabilize insurance markets, lower premiums, and ensure more affordable and widespread health coverage.
The nihilism extends to process too. Republicans complained bitterly during the Obama administration that Democrats weren’t holding enough hearings, that they weren’t leaving sufficient time to read final bill text, that they were passing important legislation on party-line votes, that they were using the budget reconciliation process improperly. Now they are passing sweeping tax reform through the budget reconciliation process with no hearings, no effort at bipartisan compromise, and bill text that was not made public until hours before the final vote. In a darkly comic twist, changes were handwritten into the legislation in the final hours:
class and poor have seen meager gains. Since the mid-20th century, the top 1 percent have more than doubled their share of the nation’s income, from less than 10 percent to more than 20 percent.
Donald Trump said he was going fix it — that he would represent the forgotten men and women, the people who had been left behind in this widening of income inequality.
But the tax overhaul his Republican Party passed through the Senate early Saturday morning would make America’s income inequality worse. Maybe a lot worse, economists say.
“The bill is investing heavily in the wealthy and their children — by boosting the value of their stock portfolios, creating new loopholes for them to avoid tax on their labor income, and cutting taxes on massive inheritances,” Lily Batchelder, a New York University professor who worked as an economist under President Barack Obama, said. “At the same time, it leaves low- and middle-income workers with even fewer resources to invest in their children, and increases the number of Americans without health insurance.”