Republicans are shameless liars — especially when it comes to selling corporate care as populism. Take their tax cut bill.

The cherry on the cupcake is the cut of the corporate tax rate from 35% to 20%. This cash-back to business is sold as a ‘job creator’ and ‘wage booster’ — but the real beneficiaries are the stockholders. How giving more money to companies, which are already sitting on a pile of cash, creates jobs is anybody’s guess.

If Republicans were serious about creating jobs, they would do better giving the cash to the paycheck-to-paycheck crowd – who would then spend it on stuff. And that demand would create jobs.

But the Republican tax plan is merely rehashed ‘trickle-down’ malarky in a new suit. I guess the GOP realizes that proposing income tax cuts for the wealthy are a political non-starter.

But let’s not worry about the 1%, they don’t get their wealth from a paycheck. They are taken care of.  The plan calls for the elimination of the alternative minimum tax, the retention of pass-throughs and carried interest — and the end of the estate tax. All of which overwhelmingly benefits rich folks.

There is some sugar for lower-income workers with the doubling of the standard deduction, although you lose the child deduction, which may be offset somewhat by an increase in child tax credits. So much for simplicity. But back to the pain. The middle class loses its state & local income tax deduction. As well as the deductibility of mortgage interest on loans over $500,000 and on second homes. And if you borrowed money to go to school —  sorry —  your student loan interest deduction goes away.

The GOP’s desire to suck up to their paymasters is so great that they have given up even pretending to care about the deficit. Sure there is the usual “we’ll unleash so much economic activity the cuts will pay for themselves, ” but their heart isn’t in it.

It is stunningly cynical. They can’t boast enough about how great the economy/stock market is doing one minute — but in their next breath weep that without their tax cuts the economy will stay mired in a slough of despond.


Trump’s Tax Return: Did a Tree Obscure the Forest?

March 15, 2017

Rachael Maddow is not known for the cheap theatrics that typically come gratis with the hyperbolic sort of political commentator. But she joined her fellow pundits in the cesspool of click bait publicity with an overhyped release of Donald Trump’s 2005 tax return. Noise was made. But the promise of a bombshell was no more honest than the cover of […]

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The Republican War to Lessen the Rich Man’s Burden

May 7, 2016

“I have been thinking that I would make a proposition to my Republican friends… that if they will stop telling lies about the Democrats, we will stop telling the truth about them.” Adlai E. Stevenson America is awash in cash. But the average American isn’t. The wealthy haven’t cornered the market in wealth so completely […]

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Republican False Advertising on Tax Rates.

May 5, 2015

“He who is not contented with what he has, would not be contented with what he would like to have” ― Socrates. Ben Carson announced his presidential run with an elegant little speech in hometown Detroit. He celebrated his lack of political experience as an advantage. Indeed, he is the rare candidate with a legitimate claim to being […]

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Colorado Legalized Recreational Pot – Some Got Stoned. The State Made Money. Everyone Else Hardly Noticed.

March 11, 2014

“Why is marijuana against the law? It grows naturally upon our planet. Doesn’t the idea of making nature against the law seem to you a bit . . . unnatural?” ― Bill Hicks Colorado has reported tax revenues and fees of $3.5 million off pot  (medical and recreational) sales in January alone. Simple arithmetic suggests that annual […]

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The Right’s Biggest Lie – “Taxes on the Rich Are Taxes on Job Creators”.

February 10, 2014

“We have always known that heedless self interest was bad morals, we now know that it is bad economics.” ― Franklin D. Roosevelt If you took a drink for every time you heard a right-winger, a so-called fiscal conservative, or Tea Party type say that raising taxes on the rich is an increase in taxes on the […]

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Did Steve Jobs found Apple because of favorable tax rates? Hardly.

August 18, 2013

It is an article of faith among conservatives that lower tax rates spur entrepreneurship. Are they right? The movie “Jobs” opened this weekend, so let’s start there. Steve Jobs and Steve Wozniak started the Apple Computer Company  in 1976 – when the top individual tax rate was 70%; and the corporate tax rate was 48%. […]

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The Empathy Gap.

June 17, 2013

It isn’t just Republican policies that turn people off it is how they phrase them. Sarah Palin offered a prime example at the Faith and Freedom conference. In her speech she lambasted the President over his handling of the Syrian affair. Saying, “I say until we have someone who knows what they’re doing, I say […]

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Lies the Cato Institute told me.

January 4, 2013

It is easy to use facts when they support your case. When they don’t, you have to use spin, obfuscation and lies. The Cato Institute is a Koch founded, libertarian, think tank – which unsurprisingly didn’t like the fiscal cliff agreement to raise the tax rate on a tiny fraction of the population. The Institute […]

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