Tag: cuts

Big Banks Are Raking in Record Profits Thanks to Trump’s Supposedly ‘Middle-Class’ Tax Cuts

Republicans misled voters about what the bill would do. When President Donald Trump and the Republican Party pitched their bill to overhaul the American tax code, they promised voters that their plan was aa “middle-class tax relief.” As the law goes into effect, though, most Americans are seeing little benefit, while the big banks are raking …

Continue reading

Senate Republicans cool on idea of rehashing the tax cuts scam this year

Republicans are kicking around the idea of rehashing the tax cuts law they finished last year, seeing if they could get something out of this cycle by making the individual tax cuts (such as they are) permanent. Some of them seem to be a little embarrassed that they made the corporate tax cuts permanent, while the …

Continue reading

A Trump Cult in Exchange for Tax Cuts: James Comey Explains Why He’s Leaving the Republican Party

Former FBI Director James Comey was once a proud Republican, but not anymore. Former FBI Director James Comey was once a proud Republican, but not anymore. He made the decision after tangles with the White House and the Republican National Committee’s launch of a site called “Lyin’ Comey,” after President Donald Trump’s attacks, according to …

Continue reading

The Holy Grail of Republican Tax Cuts? About Paul Ryan’s Parting Gift to the Rich

Ted Cruz leads a bold new GOP crusade to go from bad to worse. It is yet another Tax Day in America. Eager to deliver another so-called win ahead of the midterm elections, Republicans are using the occasion to roll out even more tax cuts for the rich. With fewer than half of Americans complaining …

Continue reading

Republicans retreat on vote to make tax cuts permanent after disastrous CBO estimate

House Republicans (who are supposedly still weighing a balanced budget measure) are suddenly having second thoughts about taking a vote to make the individual tax cuts from their tax law permanent.  CNBC writes: Republicans are pushing back plans to vote on a bill to make permanent the temporary provisions in the new tax law, CNBC …

Continue reading

Paul Ryan ready to quit Congress after passing tax cuts for the wealthy: report

He's done all the damage he can. House Speaker Paul Ryan will soon announce that he won't run for re-election, according to confidants. The 48-year-old Wisconsin Republican has privately told associates that he is leaving Congress after passing a tax reform bill late last year that favors wealthy campaign donors, reported Axios. The decision has …

Continue reading

Arizona Teachers Strike Is the Answer to Years of Tax Cuts and Neglect of Education

Red-state teachers are fighting back against decades of GOP neglect. Arizona teachers are considering a strike, following the recent West Virginia and now Oklahoma and Kentucky examples, if they don't receive their requested 20 percent pay raise.  An official strike date hasn’t been set, but the teachers, following the playbooks from West Virginia, Oklahoma and Kentucky, have …

Continue reading

Congress talks tough about Trump’s agency cuts in spending bill

Congressional leadership isn’t ready to take on the fact that the occupier of the Oval Office possibly got there by colluding with a foreign adversary or that every day he’s been in office he’s been in violating the emoluments clause in the constitution. No, leadership has no interest in delving into the legitimacy of this …

Continue reading

Trump’s tax cuts will send billions to healthcare companies, but not save consumers anything

Axios looked at fourth-quarter financial reports and investor calls from 21 publicly traded healthcare companies, and found that they’ll all be making a pretty penny from the Republican tax scam, but healthcare consumers are unlikely to see lower costs as a result. What we found: 21 companies collectively expect to gain $ 10 billion in …

Continue reading

How the Media Helped Trump Push Through His Disastrous Tax Cuts

They might as well be reprinting Trump administration press releases. A New York Times/Survey Monkey poll last week revealed that, for the first time, a slim majority of Americans support last December’s Republican tax cuts—cuts that disproportionately benefit the rich, redistributing money from the poor to the wealthiest Americans. How was the impressive feat of reality-inversion achieved? How did …

Continue reading