If you thought George W. Bush tanked the economy, you ain’t seen nothing yet. House Republicans just passed its 2018 budget resolution that includes a process for shielding the Republican majority from a filibuster, thus enabling the passage of a budget without any Democratic votes.
The resolution passed 219-206, with 18 Republicans defecting and voting no along with every Democrat.
Paul Ryan dragged out his fiction yet again. ”We haven’t reformed this tax system since 1986. We need to pass this budget so we can help bring more jobs, fairer taxes and bigger paychecks for people across this country.”
What a LOAD! What he really meant was “We haven’t reformed this tax system since Barack Obama decided to put the brakes on giveaways to our wealthy friends, and we’re sick of it! We need to pass this budget so we can pile even more money into the pockets of those who will send money offshore to avoid even the taxes we levy (ha ha!), send more jobs overseas, and pay stateside employees even less. And while we’re at it, we want to make sure that the minimum wage stays where it is unless we can figure out a way to make it lower or even abolish it. After all, it’s just a giveaway to lazy people who don’t want to go get a real job. Oh yeah, and those farmers (all 80 of them) the president mentioned will benefit from eliminating the estate tax, but it won’t benefit people like the president at all.”
Ranking member of the House Budget Committee Jon Yarmuth (D-Ky) commented on the proposed budget:
“This budget isn’t about conservative policy or reducing the size of our debt and deficits. It’s not even about American families. This budget is about one thing – using budget reconciliation to ram through giant tax giveaways to the wealthy and big corporations. – and do it without bipartisan support.”
Years ago, George H.W. Bush called the Reagan budget “voodoo economics” – otherwise known as “trickle down” or “supply-side economics.” History has repeatedly shown us that trickle down doesn’t work. If it did, every man, woman and child in this country would have been rolling in dough after Reagan’s tax cuts. They weren’t. They would have been rolling in dough after the Bush tax cuts. They weren’t. The reason is simple: corporations do not create jobs. Jobs are created by demand for goods and demand for goods is created when people make decent wages so there is money left over for life’s little luxuries.
The cuts proposed in the House bill inordinately benefit the super wealthy, while giving little or nothing to the average wage earner. It will take billions out of the system, which will give the GOP further excuses to cut necessary programs because “we can’t afford them.” Notably, the bill cuts $203 billion from social welfare programs like nutritional assistance and education. It will explode the deficit and saddle our kids and grandkids with crippling debt. But, despite that, the formerly loud-mouthed deficit hawks on the GOP are silent. Because nothing says patriotism like a big, fat tax cut for their wealthy donors, and the little guy be damned. It’s a budget that would do Ebenezer Scrooge proud.
The only silver lining in this hideous attempt to rape the American public once again is that there is hope that the Senate will drop this abominable piece of garbage like a hot potato. Once again, as with healthcare, they can only afford to lose 2 votes, so it’s time to get busy, get on the phone and call your senators to tell them to vote in favor of the American people and not the American oligarchy.