Democrats just aren't going to help Republicans blow a hole in the deficit with tax cuts that amount to a huge boon for billionaires and corporations, and both the White House and GOP leaders know it. The AP writes:
A senior administration official said Thursday the White House plans to push its tax overhaul without any support from congressional Democrats. [...] On Tuesday, Senate Majority Leader Mitch McConnell, R-Ky., said he planned to pass a tax overhaul without Democratic support, but only if it didn't add to long-term deficits.
Good luck with that. If the tax bill looks anything like the notes Treasury Sec. Steve Mnuchin scribbled down on a beverage napkin earlier this week, the nonpartisan Committee for a Responsible Federal Budget says federal revenue will take a $5.5 trillion nosedive over 10 years and explode the deficit.
Besides the debt/deficit disaster it will inflict, the giant corporate tax bonanza that serves of the centerpiece of Trump's "plan" repels voters, writes Politico.
“It just doesn’t sell,” said one former longtime Republican tax aide. “Most [Republican lawmakers] come from rural districts. They don’t have big corporate headquarters in their districts, and their constituents don’t care if GE gets a 25 percent rate.”
“If anything, there could be a backlash,” he said.
That's exactly what a recent Pew Research poll found.
from Daily Kos http://ift.tt/2qguJeK
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