Republicans Tax Cut Scam is for the Rich

Republicans Tax Cut Is a Scam which only benefits the Rich, doesn’t help create jobs and is the worst domestic policy legislation in a lifetime

 

Who gains and who loses under the GOP’s tax bill

 

Sen. Chuck Schumer Explains the GOP Tax Scam

 

Corporate Tax Cuts Don’t Create Jobs

A new Institute for Policy Studies analysis of major US corporations paying less than 20 percent of earnings in federal corporate income taxes shows that more than half cut jobs since 2008 and increased CEO pay to more than $13 million. Among the companies that slashed jobs? Well their CEOs made more – $15 million.

 

Why Tax Breaks For the Rich Don’t Create Jobs

 

“It just seems wrong.” GOP rep admits tax scam he voted for rips off working people

Rep. Tom Cole knows the GOP tax scheme will hurt working Americans – but his colleagues told him to vote for it anyway. So he did. There’s not much to like about the GOP tax scheme.

Rep. Tom Cole knows the GOP tax scheme will hurt working Americans — but his colleagues told him to vote for it anyway. So he did.

There’s not much to like about the GOP tax scheme. The bill, drafted hurriedly and under the cover of darkness, is wildly unpopular among the American people and economists alike, with little to offer other than corporate giveaways and tax cuts for the rich.

But that didn’t stop Republicans like Rep. Tom Cole from voting for it — even though he admitted in a recent interview that “it just seems wrong” that the scam is, quite simply, a massive giveaway to the rich paid for by working class Americans.

Speaking with CNBC, Cole conceded that he’s not much of a “deep economic thinker” and didn’t pay much attention to those fancy tax analyses conducted by non-partisan agencies, almost all of which excoriated the bill for increasing the federal deficit without boosting economic growth.

“He doesn’t know what the models are,” CNBC noted, “but doesn’t worry much about that.”

Instead of turning to things like evidence and numbers, Cole relied on his GOP colleagues to tell him how to vote on the bill, which delivers massive tax cuts to the wealthiest Americans but offers little else for the rest of the population. Cole likes the way his colleagues think, and it was apparently easier to listen to their reassurances than to grapple with all those pesky facts and figures.