Analysis: How the GOP's Tax Scam Is Now Backfiring Spectacularly

[applegrove]

Analysis: How the GOP’s Tax Scam Is Now Backfiring Spectacularly

By Leo Vidal at Politicus USA

https://www.politicususa.com/2019/02/07/analysis-how-the-gops-tax-scam-is-now-backfiring-spectacularly.html

"SNIP....

“Overall, the Tax Cuts and Jobs Act amounted to a technocratic sleight of hand — a scheme set to shift an even greater share of the federal tax burden onto the shoulders of American families.”

Trump probably didn’t know about this, but his advisers surely knew what the result of the Tax Scam would be. They left open huge loopholes that allowed large corporations to get away with exactly the kind of abusive tax behavior Trump had promised to stop.

On top of the deception about the effect on personal tax rates, this trickery has left millions of Trump voters feeling let down by what their president has done to them.

Trump promised to bring a flood of business investment from overseas, but it’s not happening. The overhyped Foxconn factory plan in Wisconsin is turning out to be a bust, for example.



.....SNIP"

[Merlot]

1. How is it "Backfiring Spectacularly?"

republicans got their tax cut for the rich. Eventually everyone else was going to figure this out. The only way to fix this is if democrats raise taxes on the rich, and even poor republicans will support no new taxes.

[applegrove]

7. 56% of Americans will not vote for Trump. GOP lost the mid terms.

[Merlot]

8. Billioniars got their tax cut, probably forever

They don't care if trumpft wins or looses.

gop lost the mid terms before people started doing their taxes so that would have happened anyway.

[applegrove]

11. GOP lost the mid terms. Dems are investigating as people file income taxes

and realize they are not getting much of a cut. Their wages are not rising. Trump had a bad January. More than half of Americans and growing want more taxes on the rich. A solid left of centre is building.

[ooky]

20. They care if their Republican shills win though

Their legislative theft could be reversed in a heartbeat with a Democrat trifecta in 2020.

[JustABozoOnThisBus]

9. Raising taxes on the rich is not the only way to fix this.

We could cut much from Social Security, Medicare, Medicaid. Add a means test, restrict benefits. This would please many Repubs, Bannon, Ryan, Miller, etc.

[Ilsa]

10. Means test based based on what? Income only?

Assets?
Why should we do a damn thing to reduce the safety net?

[JustABozoOnThisBus]

12. "We" (Dems) should resist all Repug attempts to reduce the safety net.

We need to stay aware that it's on their radar. They would reduce SS and Medicare/Medicaid long before they would consider cuts in Defense. It's why Repugs hated sequestration.

https://en.wikipedia.org/wiki/United_States_budget_sequestration_in_2013

[Ilsa]

17. I've known about their plans to

strip social programs since the 1980s .

[Ladyslipper4901]

13. Ladyslipper4901

The loopholes that permit individuals, owners of small businesses as well as corporations to avoid taxes have to be reviewed and re-evaluated....without lobbyists getting into the process. Many of them are worthy of being junked. A lot of them just require paperwork that, if junked, would relieve businesses. The tax accountants and lawyers won’t be happy, but so what.

[gopiscrap]

18. welcome to DU

[Fresh_Start]

23. Welcome to DU

I think that tax policy is a big part of our issues....

I think tax accountants and lawyers would still be happy.
They won't lose work out if tax could eliminates some deductions because the remaining deductions still need to be completed and defended

[2naSalit]

14. Yeah, that's fine for people who

have savings accounts that can sustain them. For the rest of us who worked our asses off at piss-poor wages and trashed our bodies doing it because we were pulling up our boot straps to survive with nothing else to look forward to for our toil? We get shit on every time this bullshit proposal comes up.

Gosh, why didn't we poors save up for retirement like all the economists told us to? I mean we only have to spend every dollar we earn to buy maybe 2/3 of what we actually need to live the lower middle class life-style that we can't seem to ever reach so gee, lets make sure there are some major gaps in the safety net because we weren't working harder or some BS.

I put in my half century of hard labor and all I got was this $880/month to live on for the rest of my life as a handicapped individual. And from that I pay rent, electricity, phone, all the expenses for my vehicle and insurance, plus Part B Medicare and Part D, I guess. I might have $50 during the months for whatever else.

So let's just take some more of that away because I haven't been reduced to going back to living in my car for the last 11 months.

[lark]

2. Don't believe that drumpf didn't know this would hurt working class people.

He deliberately targeted citizens of Democratic higher tax states, he wanted to hurt them and bad. That was a feature as far as he's concerned, not a flaw. Now, did he know all the ways this fucks over American workers - doubt that. Did he do this to decrease his own taxes - 100%.

[zaj]

3. Why do I feel the need summarily dismiss Politicus USA?

I think it might be because I see people react to the opinions and thoughts as if it is a source of trusted journalism. It's not.

Maybe it's a better source of critical analysis?

I'm afraid it's a source of unsubstantiated hype.

Anyone know more about the publishers there?

[ooky]

4. And yet his approval rating stays the same.

Where's the backlash? I haven't seen M$M reporting any backlash.

[Javaman]

5. don't you worry, the orange asshole will blame Obama and Hillary's emails. nt

[gratuitous]

22. Yup, or the new Democratic House majority

It will be interesting to see what kind of traction that will get in the media. Fox, of course, will eat it up with a spoon, but will responsible media outlets call bullshit?

[SWBTATTReg]

6. And everyone of these reasons as to why these things shouldn't be done was given prior to ...

these things being done, on a pretty well unilateral basis (no democratic support). Foxconn now is the joke of Wisconsin...even though rump 'claimed' his phone call caused Foxconn to reconsider their actions to proceed in building the plant. It will continue to be a joke too. Just wait and see. If they are already reneging on their promise of building the plant in WI when the ink on the blueprints isn't even dry yet, there's bound to be more here to the story.

No wonder WI voters voted ALL statewide repug office holders out of office. They should be, and their pay docked for all of the state revenues these idiots caused the state of WI.

Flood of bringing back investments from overseas (due to tax considerations these were left overseas), zip, nada, very minor to what the initial claims were vs. reality.

The tax cut and job act of 2017...all I'll say is that folks are starting to see the real implication of this act now. The repugs thought they were clever in concealing the actual impacts by moving due dates of portions of the act to kick in after the 2016 Nov. elections.

Big mistake. So, now we're all on the hook for anywhere from $1 to $4 trillion dollars, and guess where the money is going? Billionaires and companies. Where are all the raises? Where is the vast business expansion promised?

Nail these b**tholes to the wall in 2020. Everyone of them deserves it. All they are doing is lining their pockets (or their buddies pockets) with our money.

[yortsed snacilbuper]

15. kick

[applegrove]

16. Oh that is a good juxtaposition. Ha!

[Achilleaze]

19. republicans lied to American taxpayers

republicans lied to us, and they ripped us off to make the rich richer.

That's what people mean when they call republicans DEPLORABLES

[allgood33]

21. Silly me, i even sent Collins several tweets warning her that she was giving Trump a blank check to

do whatever he wanted to do for the rest of his term if she voted FOR that damn tax bill.

He has done exactly that...whatever he wanted to do because the GOP under the leadership of Ryan and McConnell gat exactly what they wanted for giving Trump exactly what he wanted: no opposition.

[scarytomcat]

24. GM is moving jobs to Mexico because the tax bill gives them a tax break

we had it all here on DU within hours of the passage of that bullshit tax bill
we knew what was coming and once again are proven correct