Don’t Call It A Tax Cut
by David Todd McCarty | Friday, November 3, 2017
Reading the news on a daily basis is an exercise in endurance. The never-ending headlines, the constant tweets, not to mention the endless droning on of self-important blowhards if you happen to watch television news at all. It’s exhausting.
Some of us, who consider ourselves part of the Resistance to the near constant attack on social norms, democratic institutions, common civility, the health of our families and civil liberties, find it near impossible to take. You start to fight one battle, and three more appear right behind it. Like I said, it’s exhausting.
But what really wears me down is how an entire group of people can so brazenly and flippantly make decisions that will definitely hurt other people, most disgracefully it’s most vulnerable, and do it simply to make rich people, richer. That’s not some partisan whining. There’s simply no other way to look at it.
The Republicans want big tax cuts for corporations and the super wealthy, but they also don’t want to increase the deficit, or at least that’s what they claim. The deficit doesn’t seem to be nearly the problem it was when the Democrats were in charge. The reality is, they can’t raise the deficit because of congressional rules that allow them to pass a spending bill with a simple majority, meaning they don’t need any Democratic support. So with a proposed 1.5 trillion dollar tax cut over ten years, they need to find places to cut spending in order to pay for it.
They’ve chosen massive cuts to healthcare for poor and elderly as the first place to start with their proposed cuts to Medicare and Medicaid. All the other cuts in spending mainly affect people who are already struggling. Students. Seniors. Disabled. Working Class.
The Republicans are touting this tax cut as a big win for middle class Americans. They argue that most families will get a $4,000 tax cut, and on the surface that might seem be true. But what they’re not telling you, is that you’re going to be paying for that, and more, in other areas. In the end, you might be marginally better off from a tax standpoint, but your standard of living will have been lowered.
Tax cuts are the siren call of the Republicans. Government is too big. You know how to spend your money better than the government does. Get the government off the backs of companies and they’ll grow. This is all a smoke screen and almost none of it is true.
Another important thing to remember is that they want to cut 1.5 trillion dollars in taxes, so that means they need to cut 1.5 trillion in spending. Do you think that’s just all handouts to the poor? You think that’s all school lunches and welfare checks? You don’t think some of those services are ones you rely on as well? How about your parents or grandparents? That friend with the autistic kid who needs special help?
Meanwhile, the richest people in America, people who don’t need any help from the government, will see a huge windfall. Corporations, who are already showing record profits, will enjoy even bigger gains. The people with the most to gain, are those with the least to lose.
Republicans claim that this corporate welfare plan, which is all it is really, will spark growth in the economy and that’s how we’ll pay for a lot of this. We’ll grow so much that tax revenues will actually increase. The problem is, that’s never been the case in the past, and it’s been proven to be a false assumption.
Studies have shown that if you give a poor person money, they will go out and buy a TV or a new car, go out to eat, and buy new clothes, thereby growing the economy. If you give a rich person money, they will invest it in order to grow their wealth even further, thereby growing the stock market maybe, but not doing anything for the economy.
A corporation’s stock price does not translate into growth in the economy. The winners are the wealthy stock holders and the executives. They will all make more money, but it’s nonsense that it trickles down to the workers. It never does. It never has.
According to Mark Binelli, “In 2012, the governor of Kansas, Sam Brownback, promised his “pro-growth tax policy” of cutting taxes would act “like a shot of adrenaline in the heart of the Kansas economy,” but, instead, state revenues plummeted by nearly $700 million in a single fiscal year, both Moody’s and Standard & Poor’s downgraded the state’s credit rating, and job growth sagged behind all four of Kansas’ neighbors. Brownback wound up nixing a planned sales-tax cut to make up for some of the shortfall, but not before he’d enacted what his opponents call the largest cuts in education spending in the history of Kansas.”
Republicans have been systematically dismantling the middle class in America for the last 30 years. It began with the attack on unions and hasn’t stopped.
The Right has won support from poor whites, religious conservatives and rural America using fear and misinformation since the 1960’s. Black people are poor welfare moochers weighing you down. Immigrants are taking your jobs. The Left is after your guns and since they’re also soft on crime, you won’t be able to protect your family. Drug-addled minorities are going to rape your wife. Democrats are going to turn everyone gay and make pedophilia legal. Muslims are going to pillage the land.
Most of these Republican politicians couldn’t give a rat’s ass about the ideology of the Christian Right. They don’t really care about abortion or saying Merry Christmas. It’s just a way to motivate a group of people to believe what they see as their way of life, is under attack.
What Republicans really care about is power and money. They need to keep their wealthy donors happy, so they need to reward them with huge tax breaks. Republicans don’t believe in smaller government, they believe in lower taxes. It’s not ideological. It’s purely financial.
But you are not part of their plan. You are merely someone to placate with false promises. When it turns out that those tax cuts didn’t trickle down?
Well, that will be someone else’s problem. Yours.