Last night, Senate Republicans did something truly underhanded and sneaky that would screw over 86 million Americans — they passed their disastrous tax bill.
That’s right — far too cowardly to pass their tax bill in broad daylight, the GOP passed this tax increase while many of us were sleeping. And as usual, our disgraced Tweeter-in-Chief celebrated this horrific abuse of power at around 1 a.m.
The United States Senate just passed the biggest in history Tax Cut and Reform Bill. Terrible Individual Mandate (ObamaCare)Repealed. Goes to the House tomorrow morning for final vote. If approved, there will be a News Conference at The White House at approximately 1:00 P.M.”
And this morning, Trump was up to his lies again as he bragged about the “large” and “meaningful” tax cuts Americans could expect.
The Tax Cuts are so large and so meaningful, and yet the Fake News is working overtime to follow the lead of their friends, the defeated Dems, and only demean. This is truly a case where the results will speak for themselves, starting very soon. Jobs, Jobs, Jobs!”
Trump is excited about this, but no one else should be. It should be noted that this tax bill has been widely unpopular from the start, because it’s actually going to screw over Americans. According to the Tax Policy Center, the bill will raise taxes on 53% of Americans within ten years. While the GOP may be pushing the bill as a tax cut, what it actually does is gradually increase them. The Tax Policy Center reported:
The TCJA includes several major changes that would primarily affect low- and moderate-income households. It would reduce individual income tax rates, increase the standard deduction, and expand the child tax credit. However, it would also end the personal exemption, a trade-off that could raise taxes for low-income families with a large number of children. It would also change the way the tax code is adjusted for inflation, a revision that would slowly increase taxes on all households.”
So yeah, we’re screwed. Trump and his rich buddies are going to be lining their pockets over the next few years, while the rest of us struggle harder than ever before.
Featured image via Spencer Platt/Getty Images