Thursday, December 7, 2017

Two Top Republican Tax Writers Reveal Their Prejudice and Their Strategy

https://www.commondreams.org/views/2017/12/04/two-top-republican-tax-writers-reveal-their-prejudice-and-their-strategy
"It’s awful enough for Grassley to spout such ignorance. But the worse crime was to embed it in tax policy. Turning to Hatch’s statement, I cannot state the following adamantly enough: Because they have used the deficit to pay for a tax cut that blatantly favors the rich over the rest, Republicans have forfeited their ability to tell us what we can and can’t afford. Of course, they will continue to make that argument, as Hatch himself has, along with many of his colleagues. But do not forget this: They could have made their tax plan revenue-neutral. They decided not to, and they further decided, based on their revealed preferences, that the parts that help middle- and low-income families should expire, while those that help the rich should live on forever (see figure above)."