Gosh, those Congresscritters really listen to their voters! The Senate passed their version of a bill to steal from the poor disguised as a tax cut a couple weeks ago. The Tax Policy Center analyzed the mess and determined that it delivered 62.1% of its benefits to the richest 1% of Americans.
It is the least popular legislation in three decades. Voters made their displeasure known and the GOP leadership listened. The new bill – approved by the House this afternoon – has changed that distribution. The 1% richest Americans now get 83% of the tax cuts. You’re so sweet! Thanks for thinking of me! But… you shouldn’t have.
The GOP says they phased out the middle class tax cuts after a few years as a budget gimmick – gotta keep the bomb that will blow up the deficit under $1.5 trillion, at least on paper. But no future administration or Congress will actually allow such a giant tax hike on the middle class to actually take effect. So, no worries! That 83% going to the top dogs, won’t really happen. All cool!
Yeah, the middle class should see a tax cut big enough to actually notice. At least for a few years. Just don’t peer under the rug where the poor get nothing.
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