Mark Meadows wants to deliver budget-busting corporate tax cuts to Republican donor-class backers.
Freedom Caucus chair Rep. Mark Meadows (R-N.C.) has admitted that the GOP is ready to take decades of spin on conservative fiscal responsibility and throw it out the window, so the all-Republican government can deliver budget-busting corporate tax cuts to their donor-class backers.
While Trump has been throwing around corporate tax cut numbers in the 20 percent range, Meadows claims that’s not enough. And he doesn’t seem to care if his call for a rate of just 15 percent is paid for with deficit spending.
From Morning Consult,
Meadows dismissed calls for tax reform to be revenue neutral, saying that doing so is simply a way to cut taxes in one area and raise them in another.
“When we talk about revenue neutral, what that means is: We’re going to cut your taxes in one place and we’re going to add them somewhere else,” he said. “There is no benefit from that.”
Meadows laid out his plan to deliberately blow a hole in the deficit at a recent Americans for Prosperity rally in Washington, then crowed about it on Wednesday, while omitting the part about exactly who would ‘benefit from that.’ While the Republican tax plan details remain elusive, the short answer is: not working-class Americans.
TruthOut reports that the Republican plan was crafted by the billionaire Koch brothers, who have made no secret of the fact that they think the U.S. government should just step aside and let them run everything.
Longtime Koch operative Marc Short was given a key role in the Trump White House. As Legislative Director, Short works with Republicans in Congress to promote the passage of Trump’s agenda — or, in this case, the Trump/Koch agenda….
Virtually all of the cuts — 99.6 percent of them — would go to the top 1 percent, according to Americans for Tax Fairness, cutting approximately $1.5 trillion from Medicaid while giving roughly $2 trillion in tax cuts to corporations. The House’s “reform” plan would also cut nearly $500 billion from Medicare…
As the experience of recent years has confirmed, government spending cuts also slow economic growth and increase the risk of recession.
Billionaires don’t really suffer much when the economy falls into recession. During the 1930s, the upper classes used the misery of others to make themselves even richer. They weren’t harmed much by the 2008 financial market meltdown either, so they really have nothing to lose by reckless, deficit-funded tax cuts.
In order to pull off their Great Tax Cut Scheme on the American public, conservative groups are spending their money on ads to mislead the electorate. According to the Daily Kos, dark money groups are “pouring $20 million” into their message.
McClatchy reports that the ad blitz touting the “Middle Class Growth Initiative” is slated to get its first $5 million in August, and grow from there.
“There’s a lot we can learn from the health care debate,” said Kevin Madden, a veteran Republican operative who is coming on board as an adviser to the effort. “In order for tax reform to reach a successful result, we really do need this broader effort of advocates or people who are supportive of tax reform to really make the case relentlessly, methodically, around the country.”
Perhaps money can’t buy you love. But it sure can go a long way toward brainwashing millions into believing that blowing a hole in the deficit so billionaires can get more money is a good idea. If the Republican base hasn’t caught on to the trickle-down scam by now, one has to wonder what it will take for them to wake up and smell the conservative bull poo.
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