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Senate Republicans Pass Tax Scam Bill, Cuts Health Care and Gives Big Biz Tax Breaks

 

The Pepublican controlled Senate passed the “Tax Cuts and Jobs Act,” a massive overhaul of the tax code, 51-49 at 1:50 am Saturday morning after last-minute changes and an array of  GOP senators’ wish-lists were added to the bill.

The Senate’s tax scam In all,  permanently cuts the corporate tax rate from 35 percent to 20 percent, and repeals Obamacare’s individual mandate, estimated to leave 13 million fewer insured over the next decade. The tax act will lowers tax rate for most Americans until 2026, overwhelmingly advantaging the country’s wealthiest.

Republicans are banking  that massive tax cuts for corporations and the upper class will bring back jobs and investments, to grow the economy at historic rates.  A plan much like the Reagan era’s trickle down economics which was a massive failure.

“If I’m wrong, we’ll pay a price. If I’m right, it will make sense,” Sen. Lindsey Graham (R-SC) told reporters.

Democrats spent hours objecting to the secretive process of the last minute changes to the tax act as they waited for Republicans to finalize the bill.  As the night dragged on, very few lawmakers had seen the legislative text, aside from sections that were being leaked or otherwise shared.

Early in the evening, Hawaii Democrat Brian Schatz posted on Twitter to ask, “Does anyone know a Republican lobbyist so I can get my hands on a copy of this bill?”

Democrats spent hours objecting to the opaque process Friday as they waited for Republicans to finalize the bill. As the night dragged on, very few lawmakers had seen the legislative text, aside from sections that were being leaked or otherwise shared.

Early in the evening, Hawaii Democrat Brian Schatz posted on Twitter to ask, “Does anyone know a Republican lobbyist so I can get my hands on a copy of this bill?

Now with the bill passed in the Senate, for both chambers of Congress to come together to hash out the differences between their bills.

Because despite months of negotiations between top House and Senate members and members of Trump’s administration — a working group dubbed the “Big Six” — Republicans in the House and Senate came out with two drastically different bills neither of which benefit the average american citizen.

 

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Will Kohler

Will Kohler is a noted LGBT historian, journalist and owner of Back2Stonewall.com. A longtime gay activist, Will fought on the front lines of the AIDS epidemic with ACT-UP and continues fighting today for LGBT acceptance and full equality. Will’s work has been referenced in notable media venues as MSNBC and BBC News, The Washington Post, The Daily Beast, Hollywood Reporter, and Raw Story,

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