General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf Dems don't run on THIS shit next year.....
VAN HOLLEN: Look, George, this is a total betrayal of President Trump's economic populist message on the campaign trail. It's a huge giveaway to big corporations. Millions of middle class tax payers will see their taxes go up, even though Republicans promised that would not happen. Millionaires will get an average annual tax break of $35,000 a year. And the big winners are those corporations. And I think many people haven't focused on the fact that 35 percent of the shareholders of those corporations are actually foreign stock holders, who in the year 2019, are going to get a $31 billion tax break.
So millions of American taxpayers handing over money to foreign stock holders.
It doesn't sound like America first to me. It doesn't sound like the middle class first.
- Senator Chris Van Hollen, about the tax so-called legislation.
Full Transcript:
http://abcnews.go.com/amp/Politics/week-transcript-12-17-17-sen-john-cornyn/story?id=51834652
The story
https://www.americanprogress.org/issues/economy/news/2017/12/19/444363/final-tax-bill-bigger-win-foreign-investors-entire-working-middle-class-trump-states/
President Donald Trump claimed in a November speech promoting his tax plan that his focus is on helping the folks who work in the mailrooms and the machine shops of America. The people that like me best. But in reality, the final tax bill that emerged late Friday from the conference committee focuses on corporations and the wealthy. According to the Tax Policy Center (TPC), the top 1 percent of families by income would receive a larger share of the bills cuts in the first year than the bottom 60 percent of families combined. And in fact, state-level data from the Institute on Taxation and Economic Policy (ITEP) show that in 2019, the bill would give $5 billion more to foreign investors who own corporate stock than the combined families in the bottom 80 percent of the income distribution in every state that voted for President Trump.
MORE:
https://www.americanprogress.org/issues/economy/news/2017/12/19/444363/final-tax-bill-bigger-win-foreign-investors-entire-working-middle-class-trump-states/
vi5
(13,305 posts)..then a week after the elections they'll go "Well, it's too soon to...." or "We'll have to evaluate......" or "Let's not be hasty......." or worse yet "We're going to work with the decent Republicans on fixing......".
And then they'll wonder why our hold on power is so fleeting and quick to turn , despite the fact that people agree with us on the majority of the issues.
brooklynite
(94,716 posts)Every Democrat has opposed the tax bill, even the most conservative ones.
phylny
(8,385 posts)the power of us behind them in a way that pushes them to do what we have asked. I think this is a change from business as usual
vi5
(13,305 posts)We've already seen Northam in VA and Jones in AL pull some variant on what I described, just within the past 2 weeks, on a few different issues. And unfortunately there's a track record of that type of thing happening with Dems.
Maybe I'll be pleasantly surprised. You'll have to forgive me for not placing any large bets to that effect.
mcar
(42,372 posts)Why would anyone think otherwise?