its centerpiece was a gigantic corporate tax cut, lowering the statutory corporate rate from 35 percent down to 21 percent. This cut accounted for about $1 trillion of the bill’s total $1.5 trillion cost, but Republicans said it really wasn’t about helping corporations at all.
.. No, the real target was the workers: Corporations would take the money and use it to create new jobs and raise the wages of those working for them, as trickle-down economics did its magical work.
Democrats, on the other hand, said it was a scam. They charged that workers would see only a fraction of the benefits, and instead corporations would use most of their windfall for things like stock buybacks, which increase share prices and benefit the wealthy people who own the vast majority of stocks.
.. even before the tax cut, corporations were making near-record profits and sitting on mountains of cash; if they wanted to invest, create jobs and raise wages, they already had the means to do it.
.. even before the tax cut passed, corporations were saying publicly that they intended to use the money for stock buybacks.
.. It’s true that some companies did give workers one-time bonuses. But it was essentially a PR move.
.. Walmart, for instance. It made a splashy announcement that it would be giving bonuses of up to $1,000 to workers, which sounded great. But then it turned out that you’d only get that much if you’d been working there for 20 years, and the average worker would get around $190.
.. the total value of Walmart’s bonuses was $400 million, which seems like a lot until you learn that over 10 years the value of the tax cut to the corporation will be $18 billion. In other words, about 2 percent of its tax cut is going to workers
.. Republicans make absurd claims in the knowledge that even if they get debunked in the occasional “news analysis” piece, on the whole they’ll be treated with complete seriousness, no matter how ridiculous they are.
.. lies about the future — and that’s what they are when you know that what you’re saying is utterly bogus — will not be policed with nearly the same vigor as lies about the past.
.. When Republicans said that their tax cut wouldn’t increase the deficit because it would create so much economic growth that revenue would actually increase, it was treated as a questionable claim, not an assertion on par with “If I flap my arms, I can fly to the moon”
.. Sure, Democrats will squawk, and all their criticisms and predictions will turn out to be right. But it hasn’t stopped you in the past, and it won’t in the future.
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Lo & Behold: A Replica Of The Successful 2015 Obamacare Repeal Is Languishing In Committee
After the AHCA debacle that may seem unlikely, but consider the fact that this bill already passed in the last Congress. Repeal is the one thing a majority ostensibly agree upon.
.. “Conservatives expect nothing less than congressional Republicans to live up to their promises,” Jason Pye of FreedomWorks told RedState. “They passed this bill in the 114th Congress. Why can’t they do it now? This is the one aspect of this we all agree on, and it’s certainly a better option than the half-baked bill that leadership rolled out that didn’t really repeal ObamaCare.”
.. A clean repeal is what Republicans have been promising the American people for seven years. A clean repeal bill is sitting in committee, ready to go through the same process it breezed through in 2015 but in which the AHCA failed. As has been said before here, should Republicans fail to adequately reduce the cost of health care and increase access by repealing — and replacing to a degree — Obamacare, they will be seen as the biggest scammers in American politics for a generation.
The 2015 repeal bill is there, let’s pass it.
Predators in Arms
One excuse we’re now hearing is that the new revelations are qualitatively different — that disrespect for women is one thing, but boasting about sexual assault brings it to another level. It’s a weak defense, since Mr. Trump has in effect been promising violence against minorities all along. His insistence last week that the Central Park Five, who were exonerated by DNA evidence, were guilty and should have been executed was even worse than The Tape, but drew hardly any denunciations from his party.
.. And even if you consider sexual predation somehow uniquely unacceptable, you have to ask where all these pearl-clutching Republicans were back in August, when Roger Ailes — freshly fired from Fox News over horrifying evidence that he used his position to force women into sexual relationships — joined the Trump campaign as a senior adviser. Were there any protests at all from senior G.O.P. figures?
.. The latest scandal upset Republicans, when previous scandals didn’t, because the candidate’s campaign was already in free fall. You can even see it in the numbers: The probability of a House Republican jumping off the Trump train is strongly related to the Obama share of a district’s vote in 2012. That is, Republicans in competitive districts are outraged by Mr. Trump’s behavior; those in safe seats seem oddly indifferent.
.. But think about how much bigger that wave might have been if voters had known what we know now: that Dennis Hastert, who had been speaker of the House since 1999, himself had a long history of molesting teenage boys.
.. The G.O.P. is, or was until this election, a monolithic, hierarchical institution, in which powerful men could cover up their sins much better than they could in the far looser Democratic coalition.
.. We’re talking about a party that has long exploited white backlash to mobilize working-class voters, while enacting policies that actually hurt those voters but benefit the wealthy. Anyone participating in that scam — which is what it is — has to have the sense that politics is a sphere in which you can get away with a lot if you have the right connections. So in a way it’s not surprising if a disproportionate number of major players feel empowered to abuse their position.
.. many Republicans will try to pretend that he was a complete outlier, unrepresentative of the party. But he isn’t. He won the nomination fair and square, chosen by voters who had a pretty good idea of who he was. He had solid establishment support until very late in the game.
.. Mr. Trump, in other words, isn’t so much an anomaly as he is a pure distillation of his party’s modern essence.