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Re: Power of the SCOTUS IX: The outlook wasn’t brilliant for the SCOTUS nine that day
Get ready for The Heist.
As with Reagan and Dubya, this is all that matters and the sole reason the GOP exists. Those two prior tax cuts allowed the richest 6000 families in the US to amass approximately 15 trillion dollars in wealth at the expense of the US taxpayer, now on the hook for all of it in debt. For this gift we were assured that everyone would benefit. The red and green lines on this chart are the result: the economy grew at the same rate as before, saved by worker productivity (driven by technology) soaring, while median wealth in the US stagnated. The 1% disappeared into the stratosphere as the US was transformed from a representative republic with an inequality problem to an outright oligarchy.
This is the whole ballgame. Republican tax policy is a heist. Ideally we would restore the tax rates which created the middle class in the US, but as a bare minimum we have to hold the line on the crooks and prevent a third big haul to the Caymans.
Get ready for The Heist.
A White House official confirmed reports that President Donald Trump intends to add to Washington’s already tickey to-do list for next week by rolling out his long-promised plan to simplify the tax code and slash federal rates sometime next week.
“The president was saying what we’ve been saying all along, that he wants to do tax reform as quickly as possible while still doing it right,” a the official said.
The plan will propose a “massive tax cut” for individuals and businesses, Trump told the AP. As he often does, the president did not speak in specifics during the interview, according to an AP report, but he did say his proposal would, if enacted, be “bigger, I believe, than any tax cut ever.”
“The president was saying what we’ve been saying all along, that he wants to do tax reform as quickly as possible while still doing it right,” a the official said.
The plan will propose a “massive tax cut” for individuals and businesses, Trump told the AP. As he often does, the president did not speak in specifics during the interview, according to an AP report, but he did say his proposal would, if enacted, be “bigger, I believe, than any tax cut ever.”
This is the whole ballgame. Republican tax policy is a heist. Ideally we would restore the tax rates which created the middle class in the US, but as a bare minimum we have to hold the line on the crooks and prevent a third big haul to the Caymans.
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