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kpete

(72,013 posts)
Wed Dec 20, 2017, 09:21 AM Dec 2017

If 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 Final Tax Bill Is a Bigger Win for Foreign Investors Than the Entire Working and Middle Class in Trump States

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 bill’s 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/
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If Dems don't run on THIS shit next year..... (Original Post) kpete Dec 2017 OP
They'll run on it.... vi5 Dec 2017 #1
Thank you for your political acumen... brooklynite Dec 2017 #2
I don't agree. I think our Democrtic politicians feel phylny Dec 2017 #4
Good for your optimism. I hope you're right and I'm wrong. vi5 Dec 2017 #5
Of course they will run on it mcar Dec 2017 #3
 

vi5

(13,305 posts)
1. They'll run on it....
Wed Dec 20, 2017, 09:52 AM
Dec 2017

..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)
2. Thank you for your political acumen...
Wed Dec 20, 2017, 09:58 AM
Dec 2017

Every Democrat has opposed the tax bill, even the most conservative ones.

phylny

(8,385 posts)
4. I don't agree. I think our Democrtic politicians feel
Wed Dec 20, 2017, 10:04 AM
Dec 2017

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)
5. Good for your optimism. I hope you're right and I'm wrong.
Wed Dec 20, 2017, 10:13 AM
Dec 2017

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.

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