Focused Read in 2 minutes
(Hard to read?: ⬆⬆⬆ "The Republican tax plan: Tax cuts for the rich paid for by everyone else ~ Cut taxes for the rich now driving up deficits ~ Use higher deficits to justify cuts in critical programs for everyone else")
"Commentary: Congressional
Budget Plan a Major Step Toward Costly, Ill-Advised Tax Cuts
The House’s adoption
today of the Senate-passed budget resolution sets in motion a
fast-track process to enact a tax bill that would drive up budget
deficits by $1.5 trillion over the coming decade. This contradicts
congressional Republican leaders’ repeated promises over a number
of months that their tax plan would be revenue neutral and not add to
the deficit...But the Senate opened the floodgates to a big
deficit-increasing tax bill, and the House has now followed.
Big, deficit-increasing
tax cuts would have damaging consequences. The congressional
budget plan calls for deep cuts in many important programs largely to
address existing deficits. There should be little
doubt that if the tax cuts are enacted, many of their proponents
will, in future years, cite the resulting increases in
deficits in arguing for sharp budgetary cutbacks. And low- and
middle-income families would almost certainly bear much of the weight
of such budget cuts, even though they would receive little benefit
from the tax cuts.
Key points excerpted ⬇
(Details are
available via the link below.)
👉 Tax Plan Would Swell
Deficits
The Trump Administration
and some congressional Republicans contend that the tax cuts would
generate so much added economic growth that they would pay for
themselves, filling the $1.5-trillion deficit hole the tax cuts would
create with a deluge of new revenues. In reality, there is no
credible evidence that large, deficit-increasing tax cuts pay for
themselves.
👉 Swollen Deficits Create
Excuse for Later Program Cuts
Ballooning the deficit
matters. If deficits continually rise faster than the economy
grows, that is likely to ultimately have adverse economic
consequences. Moreover, one sure cost of rising deficits and
debt is that the Treasury must then use more of its resources to pay
interest on the debt, leaving less for other vital governmental
functions.
👉 The GOP Tax Plan’s Sharp
Upward Tilt
The tax plan that
congressional leaders and the Administration released last month
would primarily benefit those at the top of the economic ladder,
while doing little or nothing to help most of those who are
struggling — ...
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“Trump is ushering in a
dark new conservatism
... During the 2016 campaign,
Trump spoke of “America first,” which he knew was the name of
political movement in the United States that opposed American
participation in the second world war. Among its leaders were
nativists and Nazi apologists such as Charles Lindbergh. When Trump
promised in his inaugural address that “from now on, it’s going
to be America first” he was answering a call across the decades
from Lindbergh, who complained that “we lack leadership that places
America first.” American foreign and energy policies have been
branded “America first”.
Conservatives came to
regard the American involvement in the second world war as a high
mark of American morality, the work of “the greatest generation”.
The current administration wants no part in this national story. In
January, the White House passed over Holocaust Remembrance Day
without mentioning the Jews. Its spokesman contrived in April to
suggest that Hitler had not killed his “own people” by gas, an
error of fact that reveals a deeper absence of ethics. The only way
to believe that the German handicapped people and the German Jews who
were gassed were not Germans is to accept the Nazi definition of
race.
Conservatives always began
from intuitive understanding of one’s own country and an
instinctive defense of sovereignty. The far right of the 1930s was
internationalist, in the sense that fascists learned one from the
other and admired one another, as Hitler admired Mussolini.
The far right of today
sees Russia as its model. Putin is openly admired by America’s
leading white supremacists Richard Spencer and Matthew Heimbach (who
is currently on trial for using force to eject people from a Trump
rally, and whose defense is that he “acted pursuant to the
directives and requests of Donald J Trump”).
As the political scientist
Anton Shekhovtsov has shown, Russia supports the extreme right in
Europe and the United States in order to disrupt democracy. Nowhere
has this been more successful than in Russia’s support of the Trump
campaign. Conservatives would see the danger of a president whose
major sponsors are abroad.
One of the reasons why the
radical right was able to overcome conservatives back in the 1930s
was that the conservatives did not understand the threat. Nazis in
Germany, like fascists in Italy and Romania, did have popular
support, but they would not have been able to change regimes without
the connivance or the passivity of conservatives.
The last time around, the
old right chose suicide by midwifery, and it seems to be doing so
again. If Republicans do not wish to be remembered (and forgotten)
like the German conservatives of the 1930s, they had better find
their courage – and their conservatism – fast."
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can read more here
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The Democratic Party Website
The Democratic Congressional Campaign Committee Website
The Democratic Legislative Campaign Committee Website
Also
C-SPAN (a good place for speeches & hearings direct source (s))
→ Some of my favorite, most informative
follows on Twitter include:
⭐⭐⭐⭐⭐ US Intelligence | Author | Navy Senior Chief | NBC/MSNBC
⭐⭐⭐ Federal Government Operations | Vanity Fair | Newsweek | MSNBC Contributor | Author
⭐⭐⭐⭐ Voting Rights/Voter Suppression | Author | Mother Jones
→ Some of the most credible media -- at the moment:
📰📰📰 Mother Jones
→ Some of the most credible Talking Heads -- at the moment -- and their Twitter handles:
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Curated by Gail Mountain, with occasional personal commentary, Network For #StrongerTogether ! is not affiliated with The Democratic Party in any capacity. This is an independent blog and the hope is you will, at a glance, learn more about the Party and you will, with a click or two, also take action on its behalf as it is provided!
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