“Sen. Ron Johnson announced he is opposed to the tax bill Wednesday, making him the first member of the GOP to formally come out against the party’s plan, though the Wisconsin Republican said he was hopeful about being able to support a final version once changes are made.
Johnson issued a statement saying the current proposal in both chambers is imbalanced in favor of large corporations but he left open the door to supporting the bills if they are altered.”
See Republican Sen. Ron Johnson comes out against tax billIt never ceases to amaze me how Trumpists shoot themselves in the feet with the rifle set to full-auto. Here they are with “control” of the executive branch, a good hold on the judicial branch and control of the legislative branch but they still can’t govern… They are like a pack of dogs fighting over a carcass and allowing the ravens to gobble things up.
- Everyone agrees taxes are complex and could stand some simplification. Why not do that?
- Conservatives want a balanced budget and a reduction in the national debt. Why not do that?
- ObamaCare is not working perfectly. Why not fix it?
- Everyone agrees the middle class and the poor are not getting a break. Why not fix that?
Instead, the Trumpists decide to give the wealthy a huge tax break permanently, ordinary people a short-term tax-break mostly but some will get an increase in taxes, and to reduce the increase in the debt they will cut out another leg from under ObamaCare causing still larger increases in premiums and loss of insurance which people need and appreciate.
Does anyone believe this monstrosity will become law? No D will support it. Many Rs will not support it. Moore may well cost Rs one more seat in the Senate… POP! That’s a tiny imitation of what the sound will be when investors realize this dog don’t hunt. Corporations won’t get a huge tax-break enabling them to buy back shares or raise dividends. Share prices will plummet. Trump can take the credit for that. He doesn’t care about deficits. He doesn’t care about the little people he persuaded to vote for him. He only cares about the wealthy and the tall and the white males… What will be the volume of wailing and gnashing of teeth when that truth dawns on people?