A private little economy of elitists, by elitists, and for elitists.
Who pays for it?
Why, we do. American taxpayers, that is. Funny, because the average taxpayer was supposed to greatly benefit from all of that, according to Trump and proponents of the bill. But so far, they have not.
At a press conference after the bill was passed, White House Press Secretary Sarah Huckabee Sanders stated:
"More than 70 percent of this [tax cut] will be returned to workers."
That simply has not happened, period. Despite boisterous claims like this from the Trump administration and his loyal supporters, there is no evidence to back it up. Yet, it does not prevent them from doing as they have consistently done ever since Trump's campaign picked up steam in 2016, and making false claims anyway, facts be damned.
My girlfriend recently shared a story on this matter, before the latest push for a fresh round of harmful tax cuts for the wealthy at the expense of all the rest of the American taxpayers was announced. When asked by a retired senior citizen, and enthusiastic Trump supporter, just how much she appreciated all of the money that she got in her paycheck, told him that she had gotten a grand total of ten bucks.
"Oh." he said.
It is almost as if all of those warnings about how trickle-down economics were right, or something.
At a press conference after the bill was passed, White House Press Secretary Sarah Huckabee Sanders stated:
"More than 70 percent of this [tax cut] will be returned to workers."
That simply has not happened, period. Despite boisterous claims like this from the Trump administration and his loyal supporters, there is no evidence to back it up. Yet, it does not prevent them from doing as they have consistently done ever since Trump's campaign picked up steam in 2016, and making false claims anyway, facts be damned.
My girlfriend recently shared a story on this matter, before the latest push for a fresh round of harmful tax cuts for the wealthy at the expense of all the rest of the American taxpayers was announced. When asked by a retired senior citizen, and enthusiastic Trump supporter, just how much she appreciated all of the money that she got in her paycheck, told him that she had gotten a grand total of ten bucks.
"Oh." he said.
It is almost as if all of those warnings about how trickle-down economics were right, or something.
This predates Trump, of course, but he is greatly and shamelessly accelerating this process. Who knew that a petty, immature, entitled billionaire who admitted to being "greedy, greedy, greedy" would fleece the country to foster his ego and greed, once again? Complete shocker, huh? Never saw that one coming.
And guess what? Now, apparently, Trump feels that the tax cuts worked for the wealthiest and corporations worked so well (for him and his rich friends, anyway), that he is pushing for more such tax cuts. And here's the real kicker: this time, he wants to do this without the need for approval from Congress!
It sounds like a joke (like so much from the Trump administration, frankly), but it is not. They are deadly serious. In an interview with the New York Times, Treasury Secretary Steven Mnuchin said that the administration was prepared to explore every possible avenue to get it's way and force another tax cut for the wealthy if Congress fails to comply with Trump's wishes and act on its own. Here, specifically, is what he said:
“If it can’t get done through a legislation process, we will look at what tools at Treasury we have to do it on our own and we’ll consider that. We are studying that internally, and we are also studying the economic costs and the impact on growth.”
This man, and this whole administration, are a farce. They have no shame, no limits to their greed, no concern regarding the limits on their power as prescribed by the Constitution, and clearly no ability to restrain themselves from pushing the envelope even further, and eroding what is left of our democracy.
This could happen, too. Despite the obvious failure of the first tax round of tax cuts (and let's face it, that is exactly what they were: the first of potentially many Trump tax cuts for the wealthy and powerful), and how it added to the national debt, as well as to the growing inequality within the country, Trump and this administration is determined to keep going with this, full speed ahead. Their greed is winning out, time and time again, just on their sheer persistence and, let's face it, their naked audacity.
Steve Moore, a close personal friend of Director of the United States National Economic Council Larry Kudlow, has said that there is an active debate within the Treasury Department about whether or not to go ahead with this plan and make changes to policies regarding capital gains. He went on to add:
“The thing is, Trump is so gutsy, he’s doing so many of these things administratively, and he’s the kind of person I could see who would instruct the Treasury to do it. That would be gigantic with the economy. . . . There’s a big robust debate going on within the Treasury Department about whether or not to do this. It’s definitely in the mix.”
Sheer relentless idiocy, arrogance, and selfishness from the double negative president and his administration, who keep tirelessly making the case as clear as daylight that they are, by now without a doubt, the worst American presidential administration in history. They are doing this with an all-out assault on all fronts, as the horrific news of monumental levels of blindness, of excess and greed and staggering arrogance and aggressiveness, just keep piling on, day after day after day. By the time that we are beginning to digest the latest farce or idiocy, at a point when all other former Presidents would be stumbling on their own words and trying to do as much damage control as possible, this guy, and his team, keep going the opposite way, making even more ridiculous headlines, and backing their moves up with completely false and misleading statements.
The worst is that his merry band of assholes keeps beating their chest and stomping their feet in their raucous support, feeling that their beloved leader can do no wrong. If it was not so damn scary and sad, it would actually be pretty funny. Instead, it is beginning to feel, in all seriousness, like an American tragedy in the making.
If many of his supporters suffer the most from whatever is down the road, the inevitable consequences of irresponsible actions, they most certainly cannot rightly claim that they were not warned.
The quotes used above, as well as much of the specific information, were taken from the following sources (please see the links):
Trump administration considers tax cut for the wealthy by Damian Paletta July 30, 2018:
https://www.washingtonpost.com/business/economy/trump-administration-considers-tax-cut-for-the-wealthy/2018/07/30/1dbaafbc-9442-11e8-810c-5fa705927d54_story.html?noredirect=on&utm_term=.f5fb8cb700a0
Trump Wants To Give the Wealthy Another Tax Cut, With No Vote In Congress By Jonathan Chait, July 30, 2018:
http://nymag.com/daily/intelligencer/2018/07/trump-wants-to-unilaterally-give-the-rich-another-tax-cut.html?utm_campaign=nym&utm_source=fb&utm_medium=s1
What did corporate America do with that tax break? by Ben Popken / Jun.26.2018
https://www.nbcnews.com/business/economy/what-did-corporate-america-do-tax-break-buy-record-amounts-n886621
TRUMP’S TAX CUTS DIDN’T BENEFIT U.S. WORKERS, MADE RICH COMPANIES RICHER, ANALYSIS FINDS BY NICOLE GOODKIND ON 4/10/18
And guess what? Now, apparently, Trump feels that the tax cuts worked for the wealthiest and corporations worked so well (for him and his rich friends, anyway), that he is pushing for more such tax cuts. And here's the real kicker: this time, he wants to do this without the need for approval from Congress!
It sounds like a joke (like so much from the Trump administration, frankly), but it is not. They are deadly serious. In an interview with the New York Times, Treasury Secretary Steven Mnuchin said that the administration was prepared to explore every possible avenue to get it's way and force another tax cut for the wealthy if Congress fails to comply with Trump's wishes and act on its own. Here, specifically, is what he said:
“If it can’t get done through a legislation process, we will look at what tools at Treasury we have to do it on our own and we’ll consider that. We are studying that internally, and we are also studying the economic costs and the impact on growth.”
This man, and this whole administration, are a farce. They have no shame, no limits to their greed, no concern regarding the limits on their power as prescribed by the Constitution, and clearly no ability to restrain themselves from pushing the envelope even further, and eroding what is left of our democracy.
This could happen, too. Despite the obvious failure of the first tax round of tax cuts (and let's face it, that is exactly what they were: the first of potentially many Trump tax cuts for the wealthy and powerful), and how it added to the national debt, as well as to the growing inequality within the country, Trump and this administration is determined to keep going with this, full speed ahead. Their greed is winning out, time and time again, just on their sheer persistence and, let's face it, their naked audacity.
Steve Moore, a close personal friend of Director of the United States National Economic Council Larry Kudlow, has said that there is an active debate within the Treasury Department about whether or not to go ahead with this plan and make changes to policies regarding capital gains. He went on to add:
“The thing is, Trump is so gutsy, he’s doing so many of these things administratively, and he’s the kind of person I could see who would instruct the Treasury to do it. That would be gigantic with the economy. . . . There’s a big robust debate going on within the Treasury Department about whether or not to do this. It’s definitely in the mix.”
Sheer relentless idiocy, arrogance, and selfishness from the double negative president and his administration, who keep tirelessly making the case as clear as daylight that they are, by now without a doubt, the worst American presidential administration in history. They are doing this with an all-out assault on all fronts, as the horrific news of monumental levels of blindness, of excess and greed and staggering arrogance and aggressiveness, just keep piling on, day after day after day. By the time that we are beginning to digest the latest farce or idiocy, at a point when all other former Presidents would be stumbling on their own words and trying to do as much damage control as possible, this guy, and his team, keep going the opposite way, making even more ridiculous headlines, and backing their moves up with completely false and misleading statements.
The worst is that his merry band of assholes keeps beating their chest and stomping their feet in their raucous support, feeling that their beloved leader can do no wrong. If it was not so damn scary and sad, it would actually be pretty funny. Instead, it is beginning to feel, in all seriousness, like an American tragedy in the making.
If many of his supporters suffer the most from whatever is down the road, the inevitable consequences of irresponsible actions, they most certainly cannot rightly claim that they were not warned.
The quotes used above, as well as much of the specific information, were taken from the following sources (please see the links):
Trump administration considers tax cut for the wealthy by Damian Paletta July 30, 2018:
https://www.washingtonpost.com/business/economy/trump-administration-considers-tax-cut-for-the-wealthy/2018/07/30/1dbaafbc-9442-11e8-810c-5fa705927d54_story.html?noredirect=on&utm_term=.f5fb8cb700a0
Trump Wants To Give the Wealthy Another Tax Cut, With No Vote In Congress By Jonathan Chait, July 30, 2018:
http://nymag.com/daily/intelligencer/2018/07/trump-wants-to-unilaterally-give-the-rich-another-tax-cut.html?utm_campaign=nym&utm_source=fb&utm_medium=s1
What did corporate America do with that tax break? by Ben Popken / Jun.26.2018
https://www.nbcnews.com/business/economy/what-did-corporate-america-do-tax-break-buy-record-amounts-n886621
TRUMP’S TAX CUTS DIDN’T BENEFIT U.S. WORKERS, MADE RICH COMPANIES RICHER, ANALYSIS FINDS BY NICOLE GOODKIND ON 4/10/18
No comments:
Post a Comment