April 29, 2018

Every criticism of the Republican tax plan is proving true

http://www.msnbc.com/rachel-maddow-show/every-criticism-the-republican-tax-plan-proving-true
"During the abbreviated debate over the Republican tax plan, Democrats said the corporate beneficiaries of the tax breaks would use their windfalls on priorities such as stock buybacks. We now know, of course, that this prediction turned out to be true. Critics of the GOP plan also said it included all kinds of sloppy and consequential errors that would need fixes, which is also happening. Dems also warned that Republican leaders would use the impact of the tax cuts as a pretext to go after social-insurance programs – sometimes called “entitlements” – such as Social Security. That, too, is coming true. And, of course, progressive opponents of the GOP tax breaks said the proposal would do real harm to the nation’s finances, and wouldn’t come close to paying for themselves. We can now add this to the list of things Dems got right and Republicans got wrong."