How does this happen? It happens because the Republicans with the solid family lives, sparkling résumés, unlined faces, and big white teeth think they are entitled to rule the rest of us in their own interests. They think their (real) virtues entitle them to ignore the priorities of the electorate. There will always be fools and con artists but, right now, the vices of the good men are killing us.
The Republicans have managed the unlikely feat of producing a tax-cut bill that has only 26 percent support. This is part of a pattern whereby the allegedly responsible, thoughtful, public-spirited Republican leaders, such as Paul Ryan, produce legislation that is somehow even less popular than our already very unpopular president.
.. But maybe they haven’t forgotten. Maybe the Republican leadership has changed.
.. But something has changed in recent years. One visible sign was the Wall Street Journal’s infamous “lucky duckies” editorial, which complained that lower-middle-class people (those lucky duckies) with little income-tax liability might get a cut to their payroll taxes, and that this cut would reduce the tax cuts that might otherwise have gone to the more productive and deserving high earners.
.. Edward Conard, like Mitt Romney a Bain Capital guy, might be called Mitt Romney’s id. He argues that a proposal to set the corporate tax rate at 22 percent rather than 20 percent in order to finance a tax credit that reduces the payroll-tax liability of mostly wage-earning parents would hurt the economy, because it would reduce economic growth and diminish “middle-class incomes in the long run.”
.. The congressional Republicans are having trouble selling tax cuts to the middle class, because the middle-class tax cuts are included only grudgingly as a sweetener for the business and high-earner tax cuts that are the real goal of the Republican congressional leadership.
.. The elite Republicans haven’t forgotten. They have changed.
The Republican Party of Mitt Romney and Paul Ryan is no longer the party of Ronald Reagan and the middle-class tax revolts of the 1970s.
.. Why do Americans turn to elderly socialists like Bernie Sanders, or clownish (or worse) populists like Trump and Roy Moore? It is because the best of the Republicans are wedded to a politically self-destructive view of the world.
.. They seem to have the home life of the family man. They have the discipline and diligence of the organization kid. They have the looks of the pretty boy. Yet the public still rejects them, because the voters find their ideas even more unpleasant than Donald Trump’s odious personality.
.. When they think they can get away with it, they disparage the idea of tax cuts for the middle class (much less for wage-earning parents). They pretend that the taxes paid by wage-earners don’t even exist. They mouth the Reaganite lift-all-boats rhetoric, but they act on a get-those-lucky-duckies agenda. Reagan’s party is being infected with the Romney Disease.
The Great American Tax Heist
when this bill leads to these predicted deficits, Republicans will return to their sidelined deficit rhetoric armed with a sickle, aiming the blade at the social safety net, exacerbating the egregious imbalance of the tax bill’s original sins.
.. That’s the strategy: Appease the rich on the front end; punish the poor on the back. Feed the weak to the strong.
.. No matter how folks try to rationalize this bill, it has nothing to do with a desire to help the middle class or the poor. This is a cash offering to the gods of the Republican donor class. This is a bill meant to benefit Republicans’ benefactors. This is a quid pro quo and the paying of a ransom.
.. Last month at a rally in Missouri, Trump said of the tax bill, “This is going to cost me a fortune, this thing, believe me.” He continued:
.. “This is not good for me. Me, it’s not so — I have some very wealthy friends. Not so happy with me, but that’s O.K. You know, I keep hearing Schumer: ‘This is for the wealthy.’ Well, if it is, my friends don’t know about it.”
That, too, was a lie.
.. It also lines the pockets of people like Senator Bob Corker, who mysteriously “coincidentally” switched his vote from a no to a yes on the bill after the language was added.
.. Donald Trump is a plutocrat masquerading as a populist. He is a pirate on a mission to plunder.
.. Republicans in Congress rushed the bill through for other reasons: to combat the fact of their own legislative incompetence, to satisfy their donors and to honor their long-held belief that the rich are America’s true governing force.
.. They are simply a veneer behind which a crime is occurring: the great American tax heist.
The stench of Trump’s self-dealing
The political system is rigged for the richest insiders in America.
When we talk about the insider, who are we talking about? It’s the comfortable politician only looking out for his own interest. It is the lobbyist who knows how to put that perfect loophole in every single bill to get richer and richer and richer at your expense.
The richest Americans are paying nothing, and it is ridiculous. These guys shift paper around, and they get lucky. These hedge-fund guys are getting away with murder, when you have one who is making $200 million a year and paying very low taxes. It’s not fair. And it tells people a lot. The middle class is getting absolutely destroyed. This country won’t have a middle class soon. It’s got to end.
.. What fools Trump made of those Midwestern voters who wanted the reality star to go after Washington and New York elites. As “Too Big to Fail” author Andrew Ross Sorkin reported this week, “If you’re a billionaire with your own company and are happy to use your private jet so you can ‘commute’ from a low-tax state, the plan is a godsend. . . ... Those rich insiders whom Trump walloped on his way to the White House will get more than 80 percent of this tax plan’s benefits at the end of a decade... such a massive giveaway to the very hedge-fund managers and real estate executives he promised as a candidate to confront only adds to the stench of self-dealing that engulfs all things Trump. Like autocrats across the world, the 45th American president has perfected the art of the self-deal... There will be no justification for having thrown on an additional $1.5 trillion to our existing $20 trillion debt — at a time when unemployment was low, consumer confidence was high and Wall Street was setting records by the day... It should be painfully obvious to a first-year economics student that there is no rational reason to pass massive tax breaks for billionaires when the economy is humming along. The only justification can be political.
.. Trump was right to say then that the political system is rigged for the richest of Americans. Unfortunately, it is now Trump’s working-class supporters who will pay the highest price for believing any promise that tumbled out of the mouth of the phony plutocratic populist.
You own this tax bill, Republicans. Good luck.
Right now the public hates, hates, hates the tax bill. It’s less popular than any major piece of legislation of the past several decades, less popular even than tax hikes passed under Presidents Bill Clinton and George H.W. Bush. Only about a third of Americans view it favorably, based on an average of nine polls this month.
.. To the extent they care about the system, they’re primarily mad that others are shirking this duty.
- .. The thing that bothers Americans most about the tax system is “the feeling that some corporations don’t pay their fair share,” according to a recent Pew Research Center poll.
- This was followed by the feeling that “some wealthy people are not paying their fair share.”
- Next, tax-code complexity.
- .. Then, in fourth place, was the amount they personally pay in taxes.
.. “Newspapers are going to be full of stories about people creatively minimizing their taxes,” says tax historian Joseph Thorndike.