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Thread: AS DEFICIT EXPLODES, GOP DEMANDS EMERGENCY TAX CUT FOR THE RICH

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    Loony Running The Asylum ZiprHead's Avatar
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    AS DEFICIT EXPLODES, GOP DEMANDS EMERGENCY TAX CUT FOR THE RICH

    Twenty senators have urged the Treasury to give the wealthy another tax cut via executive order.

    A sitting U.S. president who can’t stop attacking black and brown people. A never-ending trade war that has necessitated more than one multibillion-dollar farm bailout. A humanitarian crisis on the border of his own state. These are just a handful of the many issues that Senator Ted Cruz could be focused on. Instead, he’s currently devoting his efforts to a much more important cause: demanding another tax cut for the rich, this time without Congress’s approval.

    In a letter sent to Steve Mnuchin on Monday, the senator from Texas urged the Treasury Secretary to use his “authority” to index capital gains to inflation, a move that would almost exclusively benefit the mega-rich. Claiming, falsely, that the United States economy “has experienced historic levels of growth as a result of Congress and the current administration’s policies such as the Tax Cuts and Jobs Act,” Cruz insists that it is now crucial for the Treasury Department to adjust capital gains for inflation “so that everyday Americans can continue to enjoy better lives and livelihoods.” And by “everyday Americans,” he of course means (but doesn’t say) the spectacularly wealthy.
    When conservatives realize they cannot win democratically, they will not abandon conservatism. They will abandon democracy.

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    To misquote Homer, Donuts Tax Cuts, is there anything they don't solve?

    I'm willing to believe they would deflect a meteor at this point. Or possibly not. But we won't know until we try.

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    Loony Running The Asylum ZiprHead's Avatar
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    When conservatives realize they cannot win democratically, they will not abandon conservatism. They will abandon democracy.

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    The deficit is a red herring.

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    Elder Contributor Keith&Co.'s Avatar
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    Quote Originally Posted by Xoxarle1 View Post
    To misquote Homer, Donuts Tax Cuts, is there anything they don't solve?

    I'm willing to believe they would deflect a meteor at this point. Or possibly not. But we won't know until we try.
    Well if there was a meteor, they'd cut taxes on the poor, who'd spend the money on drugs and booze while the rich build their bunkers.

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    Formerly Joedad
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    Quote Originally Posted by Horatio Parker View Post
    The deficit is a red herring.
    Agreed.

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    I did not realize the Secretary of the Treasury had the constitutional authority to rewrite income tax law.

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    Quote Originally Posted by ZiprHead View Post
    This is 100% true.

    Name me one job where someone doesn't work for a rich owner.

    I will wait patiently for your answer.

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    Elder Contributor Keith&Co.'s Avatar
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    Quote Originally Posted by Half-Life View Post
    Quote Originally Posted by ZiprHead View Post
    This is 100% true.

    Name me one job where someone doesn't work for a rich owner.

    I will wait patiently for your answer.
    my dad owns a pharmacy.
    He's not rich.

    My sister works in a company owned by the workers. None of them are rich.
    My wife us a public schoolteacher.


    Your point?
    There may be no meaning to this world, but that does not mean that what I do is meaningless.
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    Quote Originally Posted by Keith&Co. View Post
    Quote Originally Posted by Half-Life View Post
    Quote Originally Posted by ZiprHead View Post
    This is 100% true.

    Name me one job where someone doesn't work for a rich owner.

    I will wait patiently for your answer.
    my dad owns a pharmacy.
    He's not rich.

    My sister works in a company owned by the workers. None of them are rich.
    My wife us a public schoolteacher.


    Your point?
    You know what I meant, Keith

    McDonald's? Rich owner.

    711? Rich owner.

    Burger King? Rich owner.

    Starbucks? Rich owner.

    Home Depot? Rich owner.

    Benzel Busch? Rich owner.

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