The Thinker

The Republican tax bill is really quite breathtaking in its audacity

Those of us of sufficient age will remember when W’s father, George H. W. Bush was running for president. The elder Bush’s famous words during the campaign were: “Read my lips: no new taxes.” It was infamous because after he won election in 1988 he made a deal with Democrats that modestly raised taxes.

Since that time it’s been anathema for any Republican to even think about raising taxes.

Next week the U.S. Senate is scheduled to vote on its version of a tax bill that will raise taxes, just like the House bill. To make this worse, they are dramatically cutting taxes on the wealthy and making the already stretched middle and lower classes generally pay more in taxes.

And it doesn’t seem to be bothering Republicans at all, which is perhaps the most amazing part. Since Ronald Reagan declared government and taxes evil, never raising taxes has been the nonstop diatribe from Republicans. Now although trying to paint their legislation as a tax cut, no one actually believes it is one. Virtually every analysis shows that it will increase the deficit by at least $1.5 trillion plus add taxes for most middle and lower income people. It’s also likely the resulting exploding deficit will give them reason to cut social services back even further.

The Republicans think that if they can get through this through Congress and into law, it’s one point for their side in an otherwise miserable legislative year when they have controlled all levers of power. They think their voters will be thrilled. Any objective person though looking at this turd of legislation will see it as an abdication of nearly forty years of Republican bedrock orthodoxy. Any Republican rank-and-file who actually believed this stuff should be dumfounded.

Just last year when Obama was still president Republicans were threatening to shut down the government if proposed spending bills were not revenue neutral. “We can’t leave our grandchildren with a mountain of debt”, we heard in many variations ad nauseum. Now, adding another $1.5T to the debt? No problemo.

It’s not news to Democrats that Republicans were not sincere about debt reduction, at least not when they were in charge. It exploded under Reagan, and again under Bush II. When Bush II’s Medicare Part D bill was voted into law, it was done at 3 AM in the House chambers so it would be less obvious how hypocritical Republicans were being. Maybe they felt a little ashamed. They might try the same strategy this time but I don’t think it will work and I doubt feeling ashamed about what they plan to do has even entered their minds.

Still, it takes amazing audacity to give huge tax cuts and inheritance windfalls to the very richest while bleeding the working class even more. This is explainable: all Republicans really care about is the moneyed class and making them even more so. They got control of the Executive and Congress. Now is the time to squeeze the system for themselves and their special moneyed interests. It’s the culmination of decades of strategy to convince Americans to act against their own self-interest. That $1.5T deficit? The only reason that’s there is because they have to get this bill through the Senate using budget reconciliation rules, i.e. Republicans-only so it could only add so much to the deficit, at least officially. Without the rule maybe there would have been no lower and middle class tax increases. To give the rich this tax windfall though and keep the deficit spending to $1.5T, they had to squeeze someone. Couldn’t be them of course, so lower and middle classes it has to be.

And Trump? The guy who ran as an outsider and promised to help the working class? To make America great again? The candidate who during one of the first debates openly admitted he traded money for favor from politicians? The charlatan that Americans elected who ran promising he’d do exactly the opposite? Why he’s all in on this tax bill, of course! His family will reap at least $1B in estate tax relief alone from its passage in its current form. What’s not to like about that? It’s pretty clear what Trump is all about. He’s about bleeding the government dry mainly to enrich himself and his empire. He goes golfing pretty much every weekend at one of his resorts to make sure the Secret Service has to pay usury rates to rent his golf carts and stay in his hotels. Much of the rest of his administration is looking out for either themselves and/or their sponsors. Education Secretary DeVos is trying to move tax dollars toward charter schools. Interior Secretary Ryan Zinke is downsizing national monuments so private interests can mine and frack gas on nearby lands including possibly the Grand Canyon. Treasury Secretary Mnuchin when not posing holding sheets of dollar bills with his wife is trying to loosen regulations on Wall Street, the same regulations that caused the Great Recession.

In short Trump’s voters — but really the vast majority of Americans — are being played for suckers. It’s time for Republicans to give America that high colonic of their dreams. With the oligarchy in charge, it’s time to fleece the sheep just as winter approaches instead of afterward.

Or so they think. I think a wave is building and come November 2018 Republicans are going to discover the wrath of the American voter. It’s quite similar to the late 19th century when homeless urchins roamed the streets while the Carnegies and Rockefellers lived the life of Gatsby. Back then the voters spoke and a true progressive called Teddy Roosevelt won office, along with a massive wave of Republicans (who were the modern day Democrats of their time). Too big to fail corporations were broken up. National Parks multiplied. Government represented the people again.

Granted the challenge will be harder in 2018. In the late 19th century the art of gerrymandering had not yet been perfected. Blacks and women were disenfranchised but that was the status quo; however there were enough regular folk out there with voting rights to sweep the oligarchy out of power. I’m anticipating that’s what we’ll see in 2018. It’s not really Republican vs. Democrat anymore, it’s big business against the rest of us. It will be mostly Republicans but also a lot of corporate Democrats that will pay the price this time.

No time like the present holiday season for Republicans to play the part of the Grinch. In 2018 though Republicans and their ilk are likely to find their game is over.

 

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