Monday, November 20, 2017

Robert Reich: The Trump Tax Plan Is Downright Unpatriotic @alternet

Robert Reich: The Trump Tax Plan Is Downright Unpatriotic @alternet:

"The reason Republicans give for enacting the plan is “supply-side” trickle-down nonsense. The real reason is payback to the GOP’s mega-donors. A few Republicans are starting to admit this. Last week, Gary Cohn, Trump’s lead economic advisor, conceded in an interviewthat “the most excited group out there are big CEOs, about our tax plan.” Republican Rep. Chris Collins admitted that “my donors are basically saying, ‘Get it done or don’t ever call me again.’” Republican Sen. Lindsey Graham warned that if Republicans failed to pass tax reform, “the financial contributions will stop.” Republican mega-donors view the tax payback as they do any other investment. When they bankrolled Trump and the GOP, they expected a good return."