Drudge Retort: The Other Side of the News
Tuesday, December 12, 2017

Once upon a time, there was a group of conservative intellectuals who were agnostic about Donald Trump. They were not "Never Trumpers," but they weren't Trump superfans either. They thought Trumpism might offer something new for the GOP. Since Trump wasn't tied to the orthodoxies of either party he could, theoretically, offer a more populist path toward the future for Republicans. Conservative writer Henry Olsen, at the Ethics and Public Policy Center, looked to the tax plan to reflect this new vision, but it wasn't there ... Olsen expected the tax plan to include some of Trump's populist campaign promises -- that the rich would pay more, the forgotten working class would pay less, and special interest loopholes like the carried-interest provision for hedge-fund managers would be gone.

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But the tax bill ended up instead being traditionally Republican in its focus on cutting taxes for the well-to-do but barely touching the working class and not helping the middle class to a significant degree.

"That's not what Trump promised," Olsen said. "And it's not what Trump's voters thought they were getting."

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I don't understand why people expected Trump to keep his promises other than outright stupidity.

#1 | Posted by Sycophant at 2017-12-11 01:49 PM | Reply | Funny: 1 | Newsworthy 2

"That's not what Trump promised," Olsen said. "And it's not what Trump's voters thought they were getting."

He's a liar. You're a rube.

#2 | Posted by Zed at 2017-12-11 01:57 PM | Reply

I always love seeing pictures of Trump supporters at rallies.

They always have that dead eyed, only a few gears barely turning kind of look that you'd expect on the face of a 12 year old who still wants to sit on Santa's lap.

#3 | Posted by jpw at 2017-12-11 10:01 PM | Reply | Newsworthy 1

The Wharton School‏ @Wharton

@Wharton Budget Model #PWBM shows Senate tax cuts lose over $1 trillion in revenue over the first decade, and do not pay for themselves in the short- or long-run. Here's the full report:

The Senate Tax Cuts and Jobs Act, as Passed by Senate (12/2/17): Static and Dynamic Effects on the Budget and the Economy

Summary
This brief reports Penn Wharton Budget Model's (PWBM) static and dynamic analysis of the Senate Tax Cuts and Jobs Act (TCJA), as passed by the Senate on December 2, 2017. Even with assumptions favorable to economic growth, the Senate TCJA increases debt by over $1.5 trillion dollars over the next decade.

budgetmodel.wharton.upenn.edu

#4 | Posted by Gal_Tuesday at 2017-12-12 04:09 PM | Reply

From the Wharton Report:

Key Points

*By 2027, under our standard economics assumptions, GDP is projected to be between 0.5 percent and 1.0 percent larger, relative to no tax changes. Debt increases between $1.8 trillion and $1.9 trillion, inclusive of economic growth.

*By 2040, GDP is projected to be between 0.4 percent and 1.2 percent larger under our baseline assumptions, and debt increases by $2.6 to $3.1 trillion.

*Additional sensitivity analysis indicates that even under assumptions favorable to economic growth, by 2027, GDP is projected to be between 1.0 percent and 1.9 percent larger, and debt increases between $1.5 trillion and $1.8 trillion.

#5 | Posted by Gal_Tuesday at 2017-12-12 04:12 PM | Reply

Lawrence O'Donnell @Lawrence

Lawrence O'Donnell Retweeted The Wharton School
WHARTON SAYS TRUMP IS LYING ABOUT TAX CUTS.
Trump: "I'm a really smart guy. ... I went to the Wharton School of Finance. ... It's the best business school in the world, as far as I'm concerned."
5:17 AM - 12 Dec 2017

#6 | Posted by Gal_Tuesday at 2017-12-12 04:15 PM | Reply

I saw a guy wearing a MAGA hat today. He was driving one of those trucks that empties the ---- out of port-o-potties. I'm sure there's some irony there but i'm too tired to connect the dots.

#7 | Posted by JOE at 2017-12-12 04:31 PM | Reply

It still amazes me the people who can't understand simple math. Trump's policies, just like Obama's, W's, Clinton's, etc. treats all people the same. It's just that a 1% change for someone who makes 20k a year is FAAAAAAAAAAAAAAAR different than a 1% change for someone who makes 100m a year. But then the people on the other side (whoever is challenging the policy(s)) sees bigger numbers on the high end and use it to try to sway peoples' opinions. And so many of you still fall for it every. single. time. If you aren't for treating all Americans the same, then nothing can be done about your gullibility and it will always be a problem until everyone makes the exact same amount of money.

#8 | Posted by humtake at 2017-12-13 12:26 PM | Reply

" If you aren't for treating all Americans the same, then nothing can be done about your gullibility and it will always be a problem until everyone makes the exact same amount of money."

Tell that to FDR, I think I value his opinion far more than yours. The progressive income tax saved this nation and capitalism, when it goes away as it did in 2001 we end up in disaster as in 2007.

#9 | Posted by danni at 2017-12-13 12:33 PM | Reply

"Trump's policies, just like Obama's, W's, Clinton's, etc. treats all people the same."

You lie.

#10 | Posted by snoofy at 2017-12-13 12:53 PM | Reply | Newsworthy 1

You lie.

#10 | POSTED BY SNOOFY

He's probably not lying. He's just drinking kool-aid. I have come to believe that these folks are so far into the right-wing media bubble that they think it's all true. Have you watched the view they give on Fox News on the tax bill or the Russia investigation? Or Breitbart? Or Drudge? It's as if you were watching news about a different country (or maybe even a different universe).

#11 | Posted by WhoDaMan at 2017-12-14 01:01 PM | Reply

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