Sam Rayburn of Texas, who
was a legendary Speaker of the U.S. House in the 1940s and ’50s, offered
this piece of ethical advice for lawmakers who were conflicted over
whether to vote for the people or the lobbyists: “Every now and then, a
politician ought to do something just because it’s right.”
Wow,
ethics – how quaint! Today’s House Speaker, Paul Ryan, has put his own
perverted twist to Rayburn’s ethics, advising his Republican majority to
vote for anything just because it’s right-wing. Along with Donald Trump
and Senate leader Mitch McConnell, Ryan is now pushing for a rewrite of
America’s tax law that’s so far to the right that it’s horribly wrong.
Tax
proposals are written in dense legalese and gobbledygook, but core
purpose of this 429-page monster is shockingly easy to understand: The
Trump-Ryan-McConnell triumvirate intends to take money from millions of
working families and give it to the world’s wealthiest people and
richest multinational corporations.
Of
course, when they talk publicly about their proposal, they claim it’s
all about “helping” you working stiffs. It’s “real tax reform for
everyday hardworking Americans,” trumpeted our president. In private,
though, they reveal to their biggest campaign donors that the plan lets
them
“help themselves” to the people’s money, giving these corporate elites a
huge windfall – “the biggest ever,” bragged Trump. In fact, the 400
richest families in America would average $5.5 million in new tax
breaks. Meanwhile, if your income is under $75,000 a year, you’ll end up
worse off.
The Trump
tax plan – better known as the Billionaires’ Bonanza – is not selling
well among the great unwashed. Indeed, a two-toone majority of the
public opposes it and only 16 percent believe it would reduce their tax
bill.
But the people
don’t seem to realize that Donald and his band of Trumpeteers in
Congress really want to help us commoners. How? By killing that dreaded
“death tax,” meaning that when you and I die we can give our estates to
our heirs without that inheritance being taxed. As the president so
eloquently put it: “To protect millions of small businesses and the
American farmer, we are finally ending the crushing, the horrible, the
unfair estate tax.”
All
praise The Donald for saving us! But wait – the great majority of us
don’t own farms, businesses or big estates of any kind, so the estate
tax doesn’t apply to us at all. Also, 99 percent of people who do have
farms and businesses are already exempt from the tax, for it only
applies to individuals with estates worth $5.5 million or more.
I realize that Trump
prefers grandiose claims over actual facts, but here are a few reality
checks showing that his statement is false, a lie ... a whopper: Only
two-tenths of one percent of American estates are big enough to be taxed
this year. How many is that? Not “millions” of families, as Trump so
dramatically asserted, but just over 11,000. Moreover, the nonpartisan
Tax Policy Center calculates that, this year, the estates of only about
80 family farmers and small business owners will be subject to the tax.
So
who, exactly, are Trump and the GOP Congress “saving” from having to
pay some taxes on their multimillion-dollar estates? The richest 0.2
percent of American families – including one named Trump. It’s a
giveaway that lets the richest of the richest escape paying more than
$20 million which they owe to support the country that has enriched
them.
Forget
trickle-down economics, the GOP is practicing tinkle-down economics. Why
would they push such an evil, shameful policy? Because it’s not you
common voters they care about, it’s the moneyed elites they love and the
special interests that fund their re-election campaigns. As one
Republican pusher of this tax giveaway to the rich put it: “My donors
are basically saying: ‘Get it done or don’t ever call me again.’” And
that’s what the Trump plan is all about.