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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums7 reasons why Republicans may have made a bad bet on the tax bill
http://www.cnn.com/2017/12/19/politics/tax-plan-poll-analysis/index.htmlby Chris Cillizza, CNN
"SNIP.......
2. People think the plan won't help them...
Roughly 4 in 10 (37%) say the tax bill will make their family worse off than they are right now. Only 1 in 5 (21%) say it will improve their family's current status.
......SNIP"
uponit7771
(90,359 posts)pangaia
(24,324 posts)dalton99a
(81,570 posts)Just watch
pansypoo53219
(20,993 posts)BigmanPigman
(51,626 posts)He runs the anti-Tax Scam and "Need to Impeach" ads on TV to inform the public.
marybourg
(12,634 posts)urging people to contact Flake, but also making the point that the taxscam is, well. . . . a scam.
no_hypocrisy
(46,180 posts)if they didn't vote for the Tax Bill. But they also understand they risk losing their seats during the next cycle of elections by angry constituents. In other words, they'd have a better chance of staying in power if they had voted "no" but they didn't.
Achilleaze
(15,543 posts)and the republicans are fully in its thrall.
no_hypocrisy
(46,180 posts)treestar
(82,383 posts)that you have to wonder. Don't they realize that it will come back to bite them?
Dulcinea
(6,660 posts)They work for the donor class, not the American public. Their employers expect their tax cuts, the rest of us be damned.
FarCenter
(19,429 posts)Lee-Lee
(6,324 posts)Sure, come time to file when youve lost the ability to deduct a lot many people will then be screwed, but the Rs are counting on several things:
You wont see the effect of the loss of deductions until after the midterms. You may end up paying more overall once you have filed, but at first all you will see is the increased take home pay.
Many people will come out better or close to the same with a doubled standard deduction and loss of individual deductions.
The people who stand to lose the most- those in high tax states and cities, those with lots of student loan debt, graduate students, etc all dont vote for them anyway.
Cosmocat
(14,572 posts)over the next few years ...
SO, there will be a bit of a bump that comes with that, and if the generic numbers on the economy are good, that will help with some of the disaffected Rs who are against it now.
But, it won't be like it will flip from completely under water to having more support than not.
End of the day, WE and a lot of the middle see the math - borrowing 1.5 trillion to give the ultra rich massive tax cuts.
This country is stupid as shit, but this is so out and out brazen it can't stand on its own two legs.
Not getting into whatever jackassery 45 and the loons create, or unforseen issues.
I do suspect this will keep the over inflated stock market and economy going through or close to November, but if something breaks with the economy ...
FarCenter
(19,429 posts)The $1.5 trillion is a 10 year number.
ProfessorGAC
(65,163 posts)They don't push this through and the rabid right primaries them. They push it and they risk losing in the GE because of their and the bill's unpopularity.
So, they do what their donors want and push a tax cut through that helps the donor class, and to hell with everyone else.
They could lose their gig either way.
GoCubsGo
(32,088 posts)To be fair, nobody has read this monstrosity yet. I'm sure he'll come up with hundreds of other reasons in the weeks to come.
n2doc
(47,953 posts)We are due for a recession. Lots of warnings in economic indicators. And since the R's will use this as an excuse to cut Medicaid, medicare and SS, the resulting loss of money going into the hands of those who need it and spend it will trigger a crash.
karynnj
(59,504 posts)but that comes from only a small part of the 1.5 trillion dollars that will have to be paid back - likely through cuts to every security net program. Otherwise, as their experience is that nothing bad happens and they have slightly more money. They may not connect that Republicans will use the huge deficit to cut programs that they are currently benefiting from.
Relatively few people, concentrated in a few states will be hurt due to state and local tax deductions being cut - so it is a mistake to try to make the case people will pay more taxes. Note that we pay long term because the deficit, that was reduced over the Obama years, will be far bigger. This increases the debt payments further unbalancing the budget.