Drudge Retort: The Other Side of the News
Tuesday, October 31, 2017

David Leonhardt, New York Times: The old formula for passing a big tax cut for the rich was simple: Package it with a modest tax cut for the middle class -- and talk endlessly about the middle-class part. President Trump and Congress are following the formula in some ways. Their plan would deliver an average tax cut of $700,000 to the nation's 175,000 richest families. That's enough for each to buy a new 50-foot yacht, annually. Meanwhile, Trump and other Republican leaders keep repeating "middle class," "middle class," "middle class." Yet there is also a major difference between the current plan and George W. Bush's tax cut or Ronald Reagan's. Trump's plan would not actually cut taxes for many middle-class families. It would raise them.

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Trump and his allies are feverishly trying to claim their plan really would benefit the middle class. Their latest talking point is the notion that corporate tax cuts will create an indirect windfall for workers. Funny, though, how the wealthy get most of the direct benefits, while everyone else has to hope for indirect ones somehow to materialize.

The main lesson of this year's health care battle was the political power of facts. They don't always win the day, but it's better to have them as an ally than an enemy. Right now, facts are the biggest problem for Trump's tax plan.

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What a lying creep.

SOMEONE DO SOMETHING!

#1 | Posted by donnerboy at 2017-10-31 03:38 PM | Reply | Funny: 1

Facts have always been Trump's nemesis.

#2 | Posted by cbob at 2017-10-31 04:32 PM | Reply

I see the DR Conservatives are avoiding this thread.

#3 | Posted by Sycophant at 2017-10-31 04:48 PM | Reply

Of course he wants to. This is GOP dogma. Remember a few years back when the talking points from them was that more people needed "skin in the game" and really meant they want more people paying more taxes while they do nothing to help them increase their income.

#4 | Posted by johnny_hotsauce at 2017-10-31 07:17 PM | Reply

"That's enough for each to buy a new 50-foot yacht, annually."

The Mackris Sailboat Tax Cut, brought to you by raising taxes on the middle class and cutting kid's school lunch programs.

#5 | Posted by Corky at 2017-10-31 07:25 PM | Reply | Newsworthy 1

What Trump and his team really want is to squeeze the last dollar of value out of Corporation USA, before declaring bankruptcy.

#6 | Posted by Danforth at 2017-10-31 07:36 PM | Reply | Newsworthy 1

I thought you libs loved more taxes?

#7 | Posted by Federalist at 2017-10-31 08:18 PM | Reply

"I thought you libs loved more taxes"

I thought you cons hated more deficits.

More to the point, libs like progressive taxes. Not an increase on the middle class so we can eliminate a tax on multi-multi millionaires.

#8 | Posted by Danforth at 2017-10-31 08:51 PM | Reply | Newsworthy 2

Well someone has to pay for dotards tax cut.

#9 | Posted by 726 at 2017-11-01 08:37 AM | Reply

Faux News told me to think I thought you libs loved more taxes?

#7 | POSTED BY FEDERALIST
FTFY

#10 | Posted by donnerboy at 2017-11-01 10:28 AM | Reply

I thought you libs loved more taxes?

#7 | POSTED BY FEDERALIST

So you aren't going to defend Trump on this? You'll just deflect like a whiny school girl?

Call me surprised.

#11 | Posted by Sycophant at 2017-11-01 10:49 AM | Reply | Newsworthy 1

It's really simple. Dotard can't tax rich people because they make bribes, excuse me, I mean campaign contributions. It doesn't help much to tax poor people because they don't have any money. Who does that leave? Other than adding to the deficit?

#12 | Posted by SomebodyElse at 2017-11-01 11:12 AM | Reply

Why would you link to an opinion piece where an Op-Ed Columnist, who self describes as writing from a liberal progressive perspective, when you could just link to the actual taxpolicycenter report he basis his opinion piece on? Oh, and taxpolicycenter? Here's how the Editorial Board at the Wall Street Journal (a rather conservative source) describes them: The media's go-to think tank trashes GOP reform without evidence.

Taxpolicycenter's report: We find they would reduce federal revenue by $2.4 trillion over ten years and $3.2 trillion over the second decade (not including any dynamic feedback). In 2018, all income groups would see their average taxes fall, but some taxpayers in each group would face tax increases. Those with the very highest incomes would receive the biggest tax cuts. The tax cuts are smaller as a percentage of income in 2027, and taxpayers in the 80th to 95th income percentiles would, on average, experience a tax increase.

Bolds are mine.

#13 | Posted by Avigdore at 2017-11-01 02:10 PM | Reply

Donald Trump Wants to Raise My Taxes?

Why am I not surprised?

At least he doesn't want to steal all the white women and take our guns and bibles and put us all in FEMA camps! Whew! Thank goodness that nightmare is over. Finally, some sanity in our politics. No more scandals!

So when are we building The Wall around Uzbeckystan-stan and making the Uzbeckystan-stanians pay for it?

#14 | Posted by donnerboy at 2017-11-01 04:39 PM | Reply

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