FW: GOP Playing The Blame Game on Failing Tax Scam
The Washington Examiner reports that Republicans in Congress are complaining that they can’t rely on President Trump to sell the GOP tax scam to voters – and to help keep their jobs:
President Trump is undermining voter support for the Tax Cuts and Jobs Act … alarming Republicans counting on the law to save the party’s vulnerable House majority.
Privately, Republicans complain that the president’s sudden shift to tariffs, with threats of trade wars, distracted from the … tax cuts and allowed Democrats to regain the upper hand … Concluding that Trump is unreliable.
Republicans can play this game all they want, but it doesn’t change the nasty and cold-hearted truth of the GOP tax scam. Their bill abandons hard-working families to give to corporations and the wealthy, by exploding the deficit and endangering Medicare, Medicaid and Social Security.
Employers appear to be using proceeds from corporate tax cuts to continue the practice of rewarding shareholders and executives over workers.
In the first quarter of 2018, corporate America dedicated $305 billion to stock buybacks and cash takeovers compared with $131 billion in pretax wage growth.
"The recently enacted corporate tax cut is likely to deliver far more benefits to top management and investors than to typical American households," said David Santschi, director of liquidity research at TrimTabs.
Working families are, as usual, getting the short end of the stick from the new Trump-GOP tax law. Huge tax cuts that mostly go to the wealthy and corporations are exploding the national debt, and threaten deep cuts to essential public services like Social Security, Medicare, Medicaid and education.
It’s no accident. The priorities of President Trump and Congressional Republicans in crafting their tax overhaul were clear from the start: reward their wealthy political backers, and in many cases, themselves.
As Republicans scramble to sell their disastrous tax scam on hard-working American families, Democrats are fighting every day for real, bipartisan tax reform that creates jobs, reduces the deficit and puts the middle class first.