Robbin’ the ‘hood

For some time now, the big news has been centered around the abomination of the “tax reform” bill in Congress, a version of which has already passed the House and which will be coming for a vote quite soon in the Senate. Both versions cut taxes dramatically for the wealthy, increase them for the average worker, and perhaps most importantly, stand to increase our national debt astronomically, which will ultimately lead to the downfall of our economy. Just today it is reported that John McCain will vote for this bill.
Blogger-friend Kevin Brennan has written a short, sweet and to-the-point piece that I encourage you to read, then get on the phone, send that email, in one last ditch effort to ensure your Senator that he or she will lose your support if they vote for the bill. Thank you, Kevin, for your work and permission to share!

WHAT THE HELL

It sure looks like they’re going to pass that tax increase on the middle class. Oh joy.

I keep hearing that they’re doing it even though they know it’s unpopular. It’s unpopular with their constituents. But that’s a misunderstanding of the situation. The truth is that it’s extremely popular with their constituents, because their constituents are their donors. Corporations, hedge fund tycoons, the top 1%.

Whenever something doesn’t add up, it’s clear the big boys have different motives than they’re broadcasting.

Maybe you heard Lindsey Graham say that if Republicans don’t pass tax reform, “financial contributions will stop.” He doesn’t mean the $30, $50, or even $200 checks from Rush Limbaugh listeners in Flyover Country. He means the big money from the stinking rich who expect results. This tax cut (for them) is the main course.

But, frankly, I don’t believe it and I bet Lindsey doesn’t believe it…

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3 thoughts on “Robbin’ the ‘hood

  1. Agreed. I have been contacting … more email than phone, but a couple of calls. I was disappointed in McCain, but then encouraged by Corker today. In light of other events today (Flynn), this will likely take a backseat in the press. And the vote has been postponed, so we shall see what that means. Y’know … it shouldn’t be this hard to get Congress to act conscionably!

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  2. Jill, I have been calling and emailing Senators. This bill is not supported by legitimate organizations and true nonpartisan economic firms. Former Senator Alan Simpson and former White House Chief of Staff Erskine Bowles, of the Simpson-Bowles Deficit Reduction Committee, have written a post against increasing the debt.

    As I emailed to you, the Real Debt Equation few are talking about must included the CBO forecasted $10 trillion increase in debt over ten years. So, including the impact of the proposed tax bill, the real debt equation is:

    Debt in 2027 = current debt of $20.5 trillion + projected increase of $10 trillion + the proposed tax bill impact of $1.5 trillion = $32 trillion

    If we give the GOP plan a generous impact on tax revenue of $1 trillion, that means our debt is $31 trillion. The Dept of Defense says our debt is a threat to national security. If we do nothing, our kids and grandkids will see a day of reckoning with abrupt tax increases and deep spending cuts.

    Increasing the debt with this Tax Bill, and not doing something about the debt, is beyond poor stewardship. It is malfeasance. And, folks won’t like to hear this, but we cannot cut our way out of this problem with our $4 trillion budget. The math will not work.

    Call your Senators and tell them to get real and not vote to increase our debt. Keith

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