Sunday, December 17, 2017

The Grinch Who Cut Taxes

Looks like the GOP will give the Donald his Christmas wish: the passage of his big, beautiful - more beautiful than this country has ever known - tax cut. Now all of the GOP donors will stuff their minions' stockings with more campaign contribution loot instead of coal, although they probably wouldn't mind a little clean coal to heat their McMansions and power their luxury yachts.

I have to admit that I'm at a bit of loss when I try picking out which aspect of the 500+ pages of this Reverse Robin Hood bill revolts me the most: permanent tax cuts for corporations that are already sitting on trillions of dollars in cash with no elimination of the many loop holes; reduction of the top tax bracket's marginal tax rate for the wealthiest; eliminating the alternative minimum tax for, again you guessed it, the wealthiest; and an increase in the minimum required for levying the estate tax, which will benefit...wait for it...YES! The congenitally silver spooned.

Of course, this is only the first move in the GOP's mad dash to undo 80 years of socioeconomic progress. Next up? Taking an ax to our already frayed social safety net - medicare, medicaid and social security - because, these plutocrat lovers claim, such social programs, which benefit mostly the rest of us, are the real driver of the federal deficit, not, of course, the additional $1-1.5 trillion they will have added with this bill. So get ready, Christmas Eve is just a week away, and since jack-booted border patrol agents will have probably refused Ol' Saint Nick entry at the border, most of us will be welcoming the Grinch into our homes instead. Be sure to leave out plenty of Diet Coke and Big Macs, and tune your TV to Fox & Friends - maybe he'll leave you a few crumbs after he has robbed us all blind.


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