Republican tax plan a get-rich-quick scheme

Last year, Republicans were upset about the deficit. 

Because wealthy donors told them not to call again if they don’t pass a tax cut, now they are willing to add $1.5 trillion to the deficit, increase taxes for lower income people, limit contributions to 401(k)s, remove deductions for student debt, and, since they failed to repeal and replace Obamacare, they would remove the individual mandate even though that would increase premiums and millions of people could lose health insurance. 

Republicans are still trying to sell voodoo economics, claiming tax cuts will pay for themselves and be great for the economy. Polling of corporate leaders show that few jobs and minimal wage increases would result. 

Hurricanes have created vast wreckage in the South and in Puerto Rico, huge wildfires burned California wine country, infrastructure is in sad need of repair, and climate damage will soon be even more threatening. 196 countries have signed on to the Paris Climate agreement and thanks to Republicans, the U.S. alone is in denial. 

So corporations will get a massive tax cut. Billionaires (include the Trump family) will get a huge windfall as the inheritance tax goes away. The Republican agenda looks like a get-rich-quick scheme.

Robert Vogel

East Lyme

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