That Stench You Smell Is The GOP Tax Plan

That Stench You Smell Is The GOP Tax Plan

D. S. Mitchell

The GOP plan is to raise taxes on at least 38 million middle class families, destroy health insurance  coverage for millions so as to give massive breaks to international companies and the wealthiest among us. A last-minute add-on in the Senate bill is a provision that would repeal the ACA (Obama health care law) that mandates all Americans get insurance coverage.

The nonpartisan Congressional Budget Office has projected that dismantling the requirement would mean 4 million more uninsured people by 2019 and 13 million uninsured by 2027. Worries about an increasing population of uninsured was one of the causes of the GOP failure last summer to repeal ObamaCare. The repeal action failed amidst protests in the streets and the halls of congress.

In another last-minute move the Senate bill was altered to end personal tax reductions in 2025. Corporate tax cuts however, will be permanent. This includes dropping the corporate tax rate from 35% to 20%. The corporate handouts are permanent, the family breaks are not,” said Oregon Senator Ron Wyden. Wyden is my senator, and he is great. Here’s what else he had to say, “To pay for these handouts to multinational corporations, millions of Americans are going to lose their health care, millions will see their premiums skyrocket, and millions will get hit with a tax hike.”

The Republicans have been promising jobs through “trickle down” economics.  Trickle down is a proven failure. Don’t be taken in. It’s all a shell game. A bunch of nonsense.

The GOP tax bill will 1.) Repeal pro middle class personal exemptions 2.) Will eliminate medical expense deduction for approximately 10 million people 3.) Will gut the state and local tax deduction 4.) Companies that outsource US jobs will get tax breaks 5.) Gutting 1.5 trillion dollars from Medicaid & Medicare will devastate services for disabled veterans, seniors and critically ill children 6.) Eliminate the ACA mandate.

The GOP tax cuts will add 1.5 trillion dollars to the deficit. This is disgusting. The 1% do not need any tax cuts. Secondly, the elimination of the estate tax only effects people who are worth more than 5 million dollars, and if you have a good CPA he is smart enough to adjust those numbers for the beneficiaries of an estate worth over 5 million. The estate tax, or the “death tax” effects the most wealthy, and by eliminating the estate tax the GOP will be perpetuating the wealth of the 1% into perpetuity.

Now is the time. Call and tweet Republican Senators and tell them No to their tax fraud. The idea that Republicans are so desperate to pass anything is a sad state of their governing. A bad bill is a bill that helps the few, and harms the many. That’s what we have here. Bad legislation based on donor needs, not the needs of the 99%.

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Darlene