If you’re familiar with the expression: “Heads I win; tails you lose,” you will understand the glee with which the GOP Congress is taking a “victory” lap, patting themselves on their collective backs for cynically passing a self-enriching tax bill at the expense of the middle class.
With precious few exceptions, Republicans who – for years – have been bleating about the escalating national debt, embraced a bill that will, by all objective accounts, increase the debt by upward of $1.4 trillion.
They smile and shake their heads at those of us silly enough to remind them of their previous stance, blithely “explaining” that the corporate tax incentives will enable today’s “corporate citizens” to create more and better jobs, resulting in more taxpayers, higher pay for current taxpayers, and hence more revenue that will pay for the cuts.
This explanation would be charming in its simplicity, if it weren’t debunked by almost every credible economist who has studied the legislation. The non-partisan Congressional Budget Office tells us that, at best, the GOP tax scheme represents “wishful thinking.” This is the modern day iteration of “trickle down,” also known as “Voodoo” economics. At worst, it will imperil our nation’s economy.
But, the GOP assures us, we ought not to worry. If their gambit fails and economic growth doesn’t pay for the cuts, they “win” anyway. If the yearly deficit explodes, further expanding the national debt, they will be ready with their scissors. They are ever so eager to cut Social Security and Medicare, ready to shred what most consider our social safety net. They call it “slaying the beast.”
As the K Street crowd pops champagne corks, it is a matter of time before 13 million Americans lose health care coverage; trust fund babies reap a windfall, and future generations inherit the wind.
So much “winning” we can hardly stand it.