If you are not wealthy, the GOP budget is worse than mean. It’s inhumane. And if you add the Republican tax plan into the mix, it’s even worse.
There are a lot of reasons for Republicans to make such blatant overtures on behalf of the donor class. One has actually been admitted by Trump’s economic adviser Gary Cohen. The former Goldman Sachs guru told CNBC, “The most excited group out there are big CEOs, about our tax plan.”
And for good reason. They will be getting most of the benefits, paid for by raising taxes on everyone else and slashing spending on programs that help Americans without fat bank accounts.
As Paul Blumenthal noted in the Huffington Post,
Cohn’s statement is no doubt true ― it just isn’t exactly the message Republicans want to send as they argue that their bill isn’t just a sop for the rich and powerful. But over the past few weeks, several Republicans have indicated that the tax bill would boost the wealth of the already rich and ensure that their political donations keep flowing to help the GOP hold power in 2018.
“My donors are basically saying, ‘Get it done or don’t ever call me again,’” Rep. Chris Collins (R-N.Y.), himself a millionaire, said on Tuesday.
It's pretty frightening when a Treasury Secy appears to know so little about a tax bill: "People who make a million dollars or more, their taxes are going to go up on the personal side." Fyi, @stevenmnuchin1, JCT says they get 50% of tax cut in 2027! https://t.co/uquTQ5d6ke pic.twitter.com/dVama7tXdu
— Glenn Kessler (@GlennKesslerWP) November 17, 2017
However, there may be more sinister motives behind a multistage plan to convert America into a corporatist state.
The underlying agenda in the GOP budget legislation is to undermine Medicaid and eventually privatize Social Security and Medicare… Worse yet, the tax cuts embedded in the plan would provide almost no relief to the middle and lower class.
Despite the speed with which the Republican Congress is moving to enact their tax plan, the deliberate deterioration of the standard of living for the majority of Americans will be phased in over time, so by the time voters realize what they let Republicans do to them, it will be too late to ‘fix’ it.
As Vox notes,
Trump didn’t propose cutting Medicare, as he famously promised during the 2016 campaign to protect the program. (He promised to protect Medicaid too, but has been very willing to break that promise.) But the Republican budget does cut Medicare, by $473 billion over 10 years, or 5.5 percent, rising to a 9 percent cut by 2027.
The tax plan is not polling well, which indicates that it may be harder to fool the electorate than the GOP thought. Whether it’s enough to stop the planned evisceration of the American way of life for nearly the past century is the real wild card.