General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAnalysis: How the GOP's Tax Scam Is Now Backfiring Spectacularly
Analysis: How the GOPs Tax Scam Is Now Backfiring Spectacularly
By Leo Vidal at Politicus USA
https://www.politicususa.com/2019/02/07/analysis-how-the-gops-tax-scam-is-now-backfiring-spectacularly.html
"SNIP....
Overall, the Tax Cuts and Jobs Act amounted to a technocratic sleight of hand a scheme set to shift an even greater share of the federal tax burden onto the shoulders of American families.
Trump probably didnt know about this, but his advisers surely knew what the result of the Tax Scam would be. They left open huge loopholes that allowed large corporations to get away with exactly the kind of abusive tax behavior Trump had promised to stop.
On top of the deception about the effect on personal tax rates, this trickery has left millions of Trump voters feeling let down by what their president has done to them.
Trump promised to bring a flood of business investment from overseas, but its not happening. The overhyped Foxconn factory plan in Wisconsin is turning out to be a bust, for example.
.....SNIP"
Merlot
(9,696 posts)republicans got their tax cut for the rich. Eventually everyone else was going to figure this out. The only way to fix this is if democrats raise taxes on the rich, and even poor republicans will support no new taxes.
applegrove
(118,021 posts)Merlot
(9,696 posts)They don't care if trumpft wins or looses.
gop lost the mid terms before people started doing their taxes so that would have happened anyway.
applegrove
(118,021 posts)and realize they are not getting much of a cut. Their wages are not rising. Trump had a bad January. More than half of Americans and growing want more taxes on the rich. A solid left of centre is building.
ooky
(8,885 posts)Their legislative theft could be reversed in a heartbeat with a Democrat trifecta in 2020.
JustABozoOnThisBus
(23,283 posts)We could cut much from Social Security, Medicare, Medicaid. Add a means test, restrict benefits. This would please many Repubs, Bannon, Ryan, Miller, etc.
Ilsa
(61,675 posts)Assets?
Why should we do a damn thing to reduce the safety net?
JustABozoOnThisBus
(23,283 posts)We need to stay aware that it's on their radar. They would reduce SS and Medicare/Medicaid long before they would consider cuts in Defense. It's why Repugs hated sequestration.
https://en.wikipedia.org/wiki/United_States_budget_sequestration_in_2013
Ilsa
(61,675 posts)strip social programs since the 1980s .
Ladyslipper4901
(1 post)The loopholes that permit individuals, owners of small businesses as well as corporations to avoid taxes have to be reviewed and re-evaluated....without lobbyists getting into the process. Many of them are worthy of being junked. A lot of them just require paperwork that, if junked, would relieve businesses. The tax accountants and lawyers wont be happy, but so what.
gopiscrap
(23,674 posts)Fresh_Start
(11,330 posts)I think that tax policy is a big part of our issues....
I think tax accountants and lawyers would still be happy.
They won't lose work out if tax could eliminates some deductions because the remaining deductions still need to be completed and defended
2naSalit
(86,059 posts)have savings accounts that can sustain them. For the rest of us who worked our asses off at piss-poor wages and trashed our bodies doing it because we were pulling up our boot straps to survive with nothing else to look forward to for our toil? We get shit on every time this bullshit proposal comes up.
Gosh, why didn't we poors save up for retirement like all the economists told us to? I mean we only have to spend every dollar we earn to buy maybe 2/3 of what we actually need to live the lower middle class life-style that we can't seem to ever reach so gee, lets make sure there are some major gaps in the safety net because we weren't working harder or some BS.
I put in my half century of hard labor and all I got was this $880/month to live on for the rest of my life as a handicapped individual. And from that I pay rent, electricity, phone, all the expenses for my vehicle and insurance, plus Part B Medicare and Part D, I guess. I might have $50 during the months for whatever else.
So let's just take some more of that away because I haven't been reduced to going back to living in my car for the last 11 months.
lark
(23,003 posts)He deliberately targeted citizens of Democratic higher tax states, he wanted to hurt them and bad. That was a feature as far as he's concerned, not a flaw. Now, did he know all the ways this fucks over American workers - doubt that. Did he do this to decrease his own taxes - 100%.
zaj
(3,433 posts)I think it might be because I see people react to the opinions and thoughts as if it is a source of trusted journalism. It's not.
Maybe it's a better source of critical analysis?
I'm afraid it's a source of unsubstantiated hype.
Anyone know more about the publishers there?
ooky
(8,885 posts)Where's the backlash? I haven't seen M$M reporting any backlash.
Javaman
(62,439 posts)gratuitous
(82,849 posts)It will be interesting to see what kind of traction that will get in the media. Fox, of course, will eat it up with a spoon, but will responsible media outlets call bullshit?
SWBTATTReg
(21,859 posts)these things being done, on a pretty well unilateral basis (no democratic support). Foxconn now is the joke of Wisconsin...even though rump 'claimed' his phone call caused Foxconn to reconsider their actions to proceed in building the plant. It will continue to be a joke too. Just wait and see. If they are already reneging on their promise of building the plant in WI when the ink on the blueprints isn't even dry yet, there's bound to be more here to the story.
No wonder WI voters voted ALL statewide repug office holders out of office. They should be, and their pay docked for all of the state revenues these idiots caused the state of WI.
Flood of bringing back investments from overseas (due to tax considerations these were left overseas), zip, nada, very minor to what the initial claims were vs. reality.
The tax cut and job act of 2017...all I'll say is that folks are starting to see the real implication of this act now. The repugs thought they were clever in concealing the actual impacts by moving due dates of portions of the act to kick in after the 2016 Nov. elections.
Big mistake. So, now we're all on the hook for anywhere from $1 to $4 trillion dollars, and guess where the money is going? Billionaires and companies. Where are all the raises? Where is the vast business expansion promised?
Nail these b**tholes to the wall in 2020. Everyone of them deserves it. All they are doing is lining their pockets (or their buddies pockets) with our money.
yortsed snacilbuper
(7,939 posts)applegrove
(118,021 posts)Achilleaze
(15,543 posts)republicans lied to us, and they ripped us off to make the rich richer.
That's what people mean when they call republicans DEPLORABLES
allgood33
(1,584 posts)do whatever he wanted to do for the rest of his term if she voted FOR that damn tax bill.
He has done exactly that...whatever he wanted to do because the GOP under the leadership of Ryan and McConnell gat exactly what they wanted for giving Trump exactly what he wanted: no opposition.
scarytomcat
(1,706 posts)we had it all here on DU within hours of the passage of that bullshit tax bill
we knew what was coming and once again are proven correct