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How the Tax Bill Backfired on the Republicans
http://prospect.org/article/how-tax-bill-backfired-on-republicans
And why the new tax law will be an election winner for Democrats
Did you have a happy Tax Day? Are you feeling grateful for the Republican tax cut?
Evidently most American taxpayers are not.
In a sublime case of poetic justice, the so-called Tax Cut and Jobs Act (TCJA) is backfiring on the Republicans big time. Most voters are unimpressed, and Republicans themselves are ceasing to emphasize it in their campaign material.
In the March 13 special election for the Pennsylvania 18th House district, where Democrat Conor Lamb narrowly beat Republican Rick Saccone, Republicans actually pulled adsthat bragged about the tax act, because their polls showed that it was more of a target than an achievement.
Republican strategists who wanted President Trump to emphasize the tax cut this spring were initially annoyed that Trump was talking about trade, immigration and Korea instead. Now they realize that Trump may be onto something.
Even better, Democrats are sensing that the tax issue can be turned against the Republicans big time in the 2018 and 2020 elections. This outcome is the resultof Republican overreach, opportunism, and sheer greed.
Previous Republican tax cuts, under Ronald Reagan, and George W. Bush, were also tilted to the top, but they made sure to include some real benefits for regular people. But this year’s bill was so heavily skewed to the wealthy that most people don’t seemore than trivial benefits in their paychecks.
And why the new tax law will be an election winner for Democrats
Did you have a happy Tax Day? Are you feeling grateful for the Republican tax cut?
Evidently most American taxpayers are not.
In a sublime case of poetic justice, the so-called Tax Cut and Jobs Act (TCJA) is backfiring on the Republicans big time. Most voters are unimpressed, and Republicans themselves are ceasing to emphasize it in their campaign material.
In the March 13 special election for the Pennsylvania 18th House district, where Democrat Conor Lamb narrowly beat Republican Rick Saccone, Republicans actually pulled adsthat bragged about the tax act, because their polls showed that it was more of a target than an achievement.
Republican strategists who wanted President Trump to emphasize the tax cut this spring were initially annoyed that Trump was talking about trade, immigration and Korea instead. Now they realize that Trump may be onto something.
Even better, Democrats are sensing that the tax issue can be turned against the Republicans big time in the 2018 and 2020 elections. This outcome is the resultof Republican overreach, opportunism, and sheer greed.
Previous Republican tax cuts, under Ronald Reagan, and George W. Bush, were also tilted to the top, but they made sure to include some real benefits for regular people. But this year’s bill was so heavily skewed to the wealthy that most people don’t seemore than trivial benefits in their paychecks.
Enough voters should wise up by election time to make a difference. The stock market is in the news all the time. There's plenty of news on trade and jobs.
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