Groups backed by Charles Koch are urging Congress not to renew expired tax breaks during the lame-duck session that ends in December. Traditionally members of Congress like to revive the tax breaks which have expired. Koch and his supporters fear that will happen this year and are applying pressure to make sure that doesn’t happen.
The report was released on Monday and it should come as no surprise that the Joint Committee found that most of the law’s tax breaks go to the super-rich.
Speaker of the House Paul D. Ryan (R-Wis.) is pushing hard to get another misguided and harmful tax cut passed in the next few months. For some reason he thinks this will fire up the Republican base of voters and will make it more likely that Republican candidates will win elections this year.
It appears that the Republican tax message has “hit a snag.”
Nearly four months after the GOP passed their signature tax-cut law in December, new surveys show that most people believe they are NOT getting bigger paychecks than they did before. This could greatly reduce support seen for Republicans during this year’s midterm elections.
The Washington Post has reported that Congressional Republicans are now suggesting they want to pass a balanced budget amendment. Which is completely ridiculous since the tax bill they passed into law in December has added more than $1 trillion to the U.S. deficit.
Celebrants of the recent tax bill have claimed, echoing Trump’s top economic advisors, that the massive corporate tax cut will indeed trickle down or, to mix metaphors, serve as the proverbial rising tide that will lift all boats.
There is simply no way to justify this massive redistribution of wealth from bottom and middle-income earners to the richest people in America, including the President of the United States.
Marco Rubio never planned on opposing the GOP tax proposal.
It doesn’t matter what the issue is. Right-wing Christians have been placing the priorities of the party before the tenants of the faith for decades. However, now they are reaching ever new extremes, emboldened by Donald Trump’s presidency and Republican control of Congress.