Taxes

There’s a Big Problem With the GOP’s Tax Cut Bill

JM Ashby
Written by JM Ashby

House Republicans were suppose to unveil their tax cut bill today, but the unveiling has been delayed until tomorrow.

So, what's the problem?

Nothing major, just how to pay for $5-fucking-trillion in tax cuts for the rich.

Rumors of a potential postponement started to spread Tuesday afternoon. At the center of the problem were questions about how to pay for the proposed $5.5 trillion in tax cuts, since any major revenue-generator is certain to antagonize some powerful lobby or group of lawmakers who could defeat it.

[It's] the unresolved issues that caused Ways and Means members the most heartburn this week — and ultimately led to the delay. Those include: how to win over GOP lawmakers from high-tax states that are balking over curbing the state and local tax deduction, which their constituents rely on. There are also question about how to ensure that wealthy individuals don’t take advantage of the lower 25 percent small business or “pass-through” rate.

Look, they're suppose to unveil their bill tomorrow, but I don't know how they intend to answer these big questions in the next 24 hours if they couldn't answer them over the past 24 years.

Like their effort to repeal Obamacare, they've been afforded a great deal of time to think this through, but they haven't come up with anything viable of practical.

Maybe their ideas are just plain bad.

  • Aynwrong

    Jan 20th 2009. That’s the date one would assume the GOP would have began devising tax cut legislation. Unless of course you’re familiar with the modern day GOP, which is rapidly devolving into a party of Civil War reenactment enthusiasts and apocalyptic revivalists.

    • ninjaf

      This is what I don’t understand from the conservative rank and file. The Republicans have had control of the House and Senate for 6 years. And in that time, they were never able to send a bill to Obama’s desk even to be vetoed. What made/makes them think they can do anything that resembles governing now?

      • Tony Lavely

        I think there’s a message there, were they smart enough to see it.

        • ninjaf

          They have to be willing to see it. Confirmation bias and denial are very strong.

      • Aynwrong

        I used to notice how often conservative pundits would say that “liberals are emotional and conservatives are logical” (raw projection, of course), but the truth is many conservatives seem to go with their gut, so to speak. There’s no consideration of what legislation actually entails.

        By the way, what conservatives call emotional, liberals call moral.

        • ninjaf

          They like to think of themselves as logical but when they deny climate science and economists, they are not making a strong case for themselves.

          • Aynwrong

            To say nothing of Russia, Russia, Russia…

  • muselet

    A political party made up of sane people would have spent the past who knows how many years diligently developing and tweaking a model tax bill, and trying to get it—parts of it, at least—enacted into law. Instead, the Rs have chosen to do no such thing, preferring instead to let Paul Ryan present his set of bullet points (which he pretends is an serious fiscal document) year after year while they ooh and aah about how bold and fresh and original Ryan’s Ayn Rand/Arthur Laffer/Grover Norquist fanfiction is.

    And now the Rs are stuck. They’re the majority party in both houses of Congress, but they’re incapable of producing a pure expression of their basic philosophy (Taxes Bad!), in part because some of their number aren’t willing ot sell out their constituents for the next best thing.

    They do of course have a Plan B: when the Rs’ tax cut bill fails to pass—if the House doesn’t balk, the Senate will, according to the people who claim to be able to read tea leaves—they will scuttle off to Righty media to complain about how the Ds didn’t negotiate with them. “Those Democrat obstructionists kept you, LoyalMurcan, from getting tax relief!” (Hey, why not? It’s worked before.)

    Excuse me while I go and bang my head against the wall for a while.

    –alopecia

  • Yes. Their ideas have no place in a civilized society where people are subject to a social contract and where the goal should be to pass legislation that lifts all boats. They’re not part of the American “team”, they’re just in it for themselves. Libertarianism has grabbed a bigger share of the Republican psyche than one could have imagined a few years ago.