Now that everyone is past the middle-of-the-night mad scramble to pass the mind-numbingly bad GOP “tax scam,” as many are calling it, people are beginning to actually read the bill. And the number of people who have read the bill and like it keeps dropping.
First, it was revealed that the Senate Majority Leader, Mitch McConnell, made a HUGE mistake in trying to cut the corporate tax rate while keeping the bill under a $1.5 trillion price tag. Then people who were already against the bill — that is to say, decent human beings — began seeing what nefarious provisions were hidden in it that had nothing to do with taxes, or even economics: A “personhood” provision that could lead to the outlawing of abortion at some point down the road, a provision that opens up the Arctic National Wildlife Refuge to oil and gas drilling, and even one that (you guessed it) cripples the Affordable Care Act.
Now even the ones who thought they were on board with this whole debacle are beginning to see what a terrible job the Republicans did on this tax bill that they worked on for, like, a whole day or something.
Namely, the people that were under the impression that their business was priority number one for Donald Trump: The Coal Industry.
Between McConnell’s Alternative Minimum Tax blunder and new regulations on interest deductions that businesses can take, says Murray Energy founder and CEO Robert Murray, the tax bill is going to cost his company sixty million dollars more than it would have before the GOP started “reforming” the tax code. In an interview with CNN Money, Murray said:
We won’t have enough cash flow to exist. This wipes out everything that President Trump has done for coal.”
Wait, so now all of those Obama-era environmental regulations that Trump rolled back so that mining companies could take a big dump in our rivers, lakes, and streams are pointless?
Gee, it’s like Republicans have no idea how to govern at all.
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