“The Treasury Department argued this morning that the Republican promise will prove to be true if (a) we assume that the regressive tax breaks supercharge the economy; and (b) policymakers also agree to pass Trump's non-existent infrastructure plan, Trump's non-existent welfare reform plan, and wait for Trump's regulatory reform plan to work wonders.
In other words, the Trump administration is conceding that Republicans are wrong about one of the core promises of the party's own tax plan. The Treasury effectively declared this morning, "The tax plan will pay for itself if everyone agrees to pass a bunch of other proposals, which haven't been written, and which have nothing to do with the tax plan." Second, let's not skip past that "welfare reform" tidbit too quickly. Trump's Treasury Department is now saying, in writing, that Republicans can pay for tax breaks for the wealthy, not only by raising taxes on the middle class, but by cutting benefits to the nation's most vulnerable. The document is describing class warfare at its most depraved -- taking money from food-stamp beneficiaries, and giving it to millionaires.
And third, the entire Treasury Department analysis literally fits on one page. If we exclude the headline, the document isn't quite 400 words.. What the Trump administration released this morning isn't an analysis of tax legislation; it's a joke.” #michaelreynolds #goptaxscam #classwarfare
#enoughisenough #impeachtrump #notrumpnokkknofascistusa #factsnotfascists #defendthetruth #defenddemocracy