Friday, December 8, 2017

Fight the tax plan and the coming budget cuts

https://www.ncronline.org/news/opinion/fight-tax-plan-and-coming-budget-cuts
MGB:_The Tax and Job Cuts Act is deliberately partisan. You could call it a Spoils tax bill. Since 1986 there has been a rate structure that, when considered with Social Security, is essentially a 30% proportional tax on the middle and upper classes.  The Democrats add to every time they are in power by restoring higher tax rates to wealthier households, which always spurs the economy by taking money out of the savings sector and increasing goverment spending and entitlements.

The Republicans come back and lower those rates and try to cut spending, although they never quite succeed on the last part. Their spending cuts rely on the fiction that poverty programs with shared funding should be picked up only by the states. It is a naive way to look at federalism that you would expect of a high school civics student, not a member of Congress, let alone the Speaker of the House.

Let us hope we can resist both parts of this strategy, which must be done bipartisanly. We actually need a bipartisan minority bill as an alternative that picks off some Republicans. We cannot simply rely on using passage of the bill as an elecoral issue for November. That hardly ever works, especially with a House Minority Leader who is cagey about impeachment.

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