GOP Tax Scam has passed in the House of Representatives, and now moves on to the Senate.
This is great news for the 1% wealthiest, and Corporate America. This is bad news for everyone else. Regardless of what Orin Hatch, GOP President pro tempore of the United States Senate, says this is a gift for the wealthy. Not sure if you buy that? This tax bill allows a tax deduction for owners of private jets.
At the same time, it no longer allows teachers to deduct the school supplies they purchase with their own money… but corporations will continue to deduct the cost of their office supplies.
Healthcare… It feels like we just had this argument…because we did. We are having it again because the tax plan has an Affordable Care Act defunding clause, much like the Trumpcare plan which was voted down in the senate several weeks ago.
Alaska Senator Lisa Murkowski, was one of three GOP Senators who saved American healthcare by voting NO, against party lines, to the Graham/Cassidy healthcare bill, which would have resulted in— millions of Americans losing healthcare, a rise in premiums with less coverage for everyone else, and the re-introduction of pre-existing condition exclusions.
That was THEN, this is NOW. While we have supposedly left healthcare alone and moved onto “tax cuts,” the GOP slipped the same healthcare cuts into this tax bill.
A Wall Street investor was quoted in VF magazine likening the GOP Tax bill to a Ponzi scheme. How is that? Like the Ponzi scheme— fraudulent investment operation where profit is generated for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading— this tax bill will offer tax-relief for multinational corporations and the wealthiest Americans which will be paid for by revenue from tax increases and cuts in healthcare benefits for the not so wealthy, both rising as levels of poverty do.
Taxes may go down modestly for some middle class families at first, but the increase in insurance premiums and the decrease in what insurance will cover will more than negate any middle class tax cut. Additionally, the rich man’s tax cut includes drastic cuts to benefits like Healthcare, Medicare, Medicaid, Social Security.
Let’s go back to Lisa Murkowski. She hasn’t decided how she will vote with regards to this GOP tax bill/ healthcare repeal.
What’s different NOW is this bill has in it other items in it that Murkowski wants, specifically to put an end to Alaska’s Arctic National Wildlife Refuge, or ANWR, so as to open it up to oil and gas drilling. Screw the poor, screw the middle class, screw the environment…she wants oil. It is possible this mandate was thrown in there for Murkowski? Yes.
This tax bill has specific mandates intended to entice several wavering GOP Senators, and the mandates have nothing to do with taxes.
The senate is divided Republicans 52-48 Democrats. Two republicans voting no will force a tie which will be broken by Vice President Pence- we know how that will go. It will take a NO vote from three GOP Senators to kill this tax bill, and that only if every Democratic Senator votes no.
Regardless of the applauds Murkowski received in airports after killing the Graham/Cassidy healthcare bill, I think we can expect Murkowski to go for the oil…
If this bill passes in the Senate we can expect insurance premium increases next year as shown on the chart below.
We can expect funding cuts which will lead to benefit cuts to Social Security, Medicare, and Medicaid. These benefits will be reduced regardless of the fact that— since your first day on your first job, you have been paying into these programs for your future use.
The savings garnered from these cuts will be passed the wealthiest among us, a trillion dollar tax cut for corporate giants and the wealthiest 1%, paid for by everyone else.
Donald Trump will benefit hugely, as will Steve Mnuchin, Bob Mercer, and the majority of Trump’s cabinet.
The entire GOP senate has a personal interest in seeing this tax bill pass. They have been on the receiving end of donations from those who would benefit, and they have been warned the money they’ve become accustomed to receiving in the form of campaign donations will be cut off.
GOP members who vote yes are voting to take healthcare away from millions to give money to individuals. They choose to do this in order to continue receiving “donations” from their billionaire donors.
CALL ALL Senators today at: (202) 224 – 3121 Tell them to vote no to this tax bill.