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Republican Class Warfare: The Next Generation
2 Views • Nov 17, 2017
Description
We’re still waiting for detailed analysis of the Senate bill,
but the House bill doesn’t just raise taxes on many middle-class families: It selectively raises taxes on families with children.
Both the Senate proposal and the similar proposal from House Republicans offer huge tax cuts to corporations
and the wealthy, then try to limit the impacts of these tax cuts on the budget deficit by clawing back tax credits and exemptions that mainly benefit the middle class.
Yes, Republicans are still pretending that this is about helping small family businesses and family farms, but at this point that’s a sick joke: The best estimates suggest
that only around 80 — eight-zero — of such businesses and farms pay any estate tax each year.
But he misspoke when he said “misspoke”: The proper term is “lied.”
McConnell was forced into his sort-of-kind-of admission by a new report from the Joint Committee on Taxation, Congress’s own scorekeeper, which found
that millions of middle-class families would see higher taxes under the Senate Republican proposal.
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