The Republican Party and their representatives and Senators have now shown their loyalty to the donors like Koch and corporations who are supporting their campaigns. The Campaign funding and party is the reason for all of this. That the Corporate America get a say in Congress and pay-off their debt to the donors. This sort of activity shows that the voters and citizens now is second fiddle. The most important piece of legislation is that it grows the deficit, that the Democratic Party and Barrack Obama had to be wise about. While the Republicans themselves can risk the economy, because the legislation benefits their donors. While the citizens will pay more tax with time.
The CBO themselves said this mid-November about the Tax Cut and Jobs Act: “The staff of the Joint Committee on Taxation determined that provisions in the Chairman’s Mark would increase deficits over the 2018-2027 period by $1.5 trillion (not including any macroeconomic effects). By CBO’s estimate, additional debt service would boost the 10-year increase in deficits to $1.7 trillion. As a result of those higher deficits, debt held by the public would increase from the 91.2 percent of gross domestic product in CBO’s June 2017 baseline to 97.3 percent” (CBO, 13.11.2017).
So the representatives and senators who voted for this yesterday are not only giving the corporation a giant tax-break and making for changes that are for the benefit of the wealthy. But at the same time the estimates are that they are breaking the state reserves and the gross domestic product. They are making the state bankrupt for the benefit of the wealthy. While they are cutting needed services and adding taxes on the middle-class and the poor. Draconian law if there ever was one. This is the opposite of Robin Hood. This is midieval and bourgeois of them. The Republican Party have no given all freedoms and liberties to the top 1 percent of the population. While the rest have to stagger themselves and with time pay more and more for basic needs. The only Republican Senator who voted against was Robert Phillips Corker of Tennessee. The rest was democrats who voted against it too!
Here is later in the month estimate by CBO, which is also damning to the results of this legislation:
“According to JCT’s estimates, the largest revenue reductions would result from the provision that would modify income tax rates and brackets: Revenues would fall by $1,165 billion and outlays for refundable tax credits would increase by $9 billion over the 2018-2027 period. The increase in the standard deduction would reduce revenues by $654 billion and increase outlays for refundable tax credits by $83 billion over the same period, JCT estimates. Repealing the individual AMT would reduce revenues by $769 billion from 2018 to 2027” (…) “Repealing the Individual Mandate. The bill’s most significant effects on outlays would occur as a result of the elimination, beginning in 2019, of the penalties associated with the individual mandate” (…) “The number of people with health insurance would decrease by 4 million in 2019 and 13 million in 2027” (CBO, 2017).
So while the Federal Reserves are getting less taxes in, the same state also repeals parts of Medicaid and ObamaCare offerings to the impoverished part of the population. Therefore, this tax-bill is also hurting the public who needs substantial coverage and also medical support to able to afford healthcare. This bill is really showing the riches eating more and paying less to big-society, while the poor will suffer even more. Because the Republican Party only has the interest of their donors and their corporations who are lobbying and paying their campaigns. That is now evident with this votes and this legislation. As they have kept the whole piece in the dark and amended in the last minute. Even rewriting directly on the legislation with handwriting. Not having time to check the consequences or having reports on the possible deficits or even damage it does to the citizens.
That the Republicans are doing this with majority in the House and Senate. Shows who they obey, who they trust and who they serve. The Republicans don’t serve the public, they serve the donors and the corporations. They don’t represent the people best interests, but the Multi-National and Big-Business. They are corporate stooges who are making sure the ones who are donating to them are getting some well deserved tax-breaks later. The deficits and the loss of tax revenue combined with the added taxes later on the public. Doesn’t seem to mind the Republican representatives and senators. They are just following orders of the ones who are paying for their PACs and their SUPER PACs. They are just listening and following the guidelines given by the corporations donating to them.
Its hard not to see it differently, since this isn’t to make the American republic any better. This legislation doesn’t make any other sense. Than the Corporations are walking inside the State Reserves and getting their money back. Instead of paying something for their rights to do business in the United States. Soon the people are paying the corporations not only for their services, but also for their benefits of actually doing business there. They are getting both by the hook and by the crook. This is not a good look. It is a billionaires dream and not for the working-class, neither the lower middle-class. They are put into the shadow and used as pawns by the Republican party.
This bill is Koch Industry and Koch supported in many ways, but also other conservative donors wet-dream. They are so having a hard-on by this bill. Because of this mess, they are ready to nasty and nitty-gritty with the public. Finally they are having their pay-day and their pay-off for years of supporting and donating funds to these politicians. The Senate and House is now bought off and their ethical backbone isn’t there. These Senators and these Representatives aren’t free-thinking individuals, but they are only a useful tool for the corporations and lobbyist to get their will.
In the same effect written by Public Citizen recently:
““The alliance between the Kochs and the Trump administration on the Republican tax bill has become so strong that lines between Koch brothers and Trump administration efforts have blurred. That was the case in July, when Treasury Secretary Steven Mnuchin held a panel discussion on tax issues with Americans for Prosperity President Tim Phillips and the White House’s Marc Short. At this event and others, the Koch groups claimed that their desire was to “unrig the economy” by enacting tax cuts for giant corporations” (Public Citizen, P: 14, 2017). “The presence of so many Koch-affiliated political operatives in the Trump administration underscores how Trump has betrayed his supporters and contradicted his pledges to stand up for forgotten Americans against powerful interests. In an administration that lacks a clear policy agenda or expertise, Koch aides have been happy to fill the void with specific ideas to enrich corporate interests and harm the public as a whole. This agenda betrays the central idea of Trump’s campaign: that an outsider was needed to stand up for the little guy against the powerful” (Public Citizen, P: 34, 2017).
With this knowledge and going back in time, just a few months, you can see that the one of the biggest donors has been swaying the White House to change tax-policy in their favor. The irony is that all of this is betraying his promises. But all of the representatives and senators are following suit. Yesterday, is a proof of the control the donors and corporations have over the political elite within the Republican Party. They might have the same over the Democrats, but they didn’t vote this legislation in, the Republicans did!
It is their legacy and their decisions are now making sure the republic and the state will suffer. So that the state can give tax-breaks and tax-relief to the wealthy and businesses over the citizens. If you don’t believe it. Check the numbers, check the public oversight of who pays the PACs and SUPER PACs. Check who pays for campaigns and then check who gets less taxes from 1st January 2018. That is easily quid-pro-quo. Nothing else, this isn’t a masterpiece, this is vomit and disgusting misuse of power and authority for the interests of the rich. They not shielding the weak and poor, but securing their demise. Peace.
Reference:
CBO – ‘ Reconciliation Recommendations of the Senate Committee on Finance – As ordered reported by the Senate Committee on Finance on November 16, 2017’ (26.11.2017) link: https://www.cbo.gov/system/files/115th-congress-2017-2018/costestimate/reconciliationrecommendationssfc.pdf
Public Citizen – ‘The Koch Government – HOW THE KOCH BROTHERS’ AGENDA HAS INFILTRATED THE TRUMP ADMINISTRATION’ (30.11.2017)
MinBane 