Republicans are joining a festival of corruption - E.J. Dionne Jr.
The tax bill the GOP is trying to foist on the country is not only an unfair and deficit-bloating hodgepodge written on the fly. It is also deeply corrupt. Every Republican who votes for this bill will be joining a festival of venality...
This legislation proves that Washington is, indeed, the swamp that President Trump described during the campaign. But instead of draining it, he and his partisan allies have jumped right in. Actually, they have polluted it further...
Ah, but the Republicans did want to respond to rich New Yorkers and Californians who were howling to their usual GOP benefactors, including Trump, about their lost SALT deductions.
So rather than offer general relief, the Republicans sliced the top income tax rate for couples earning $600,000 or more from the current 39.6 percent to 37 percent. Rep. Kevin Brady (R-Tex.), the House Ways and Means Committee chairman, could not really explain why only the best-off got real help, arguing lamely that middle-income people got other benefits from the bill...
And imagine: The Make America Great Again crowd appears to have designed a corporate tax system that creates new incentives to shift profits and operations overseas, as former Obama administration economic adviser Gene B. Sperling argued in a careful analysis. Trump probably doesnt even know this.
https://www.washingtonpost.com/opinions/republicans-are-joining-a-festival-of-corruption/2017/12/17/afda0330-e2a8-11e7-bbd0-9dfb2e37492a_story.html?utm_term=.28e120fa4085
yurbud
(39,405 posts)Timmygoat
(779 posts)That Corker kickback, to get him to go along with the bill is really something, and he is already a multi millionaire.