Wednesday/ the Republicans and their #%&? tax-cut bill

Never mind the myriad scandals of the Trump Administration. This one is at the top of the list, in my opinion : the mythical tax bill that Republicans are working on. (Boost the economy to 4% growth, raise wages, pay for the deficit .. the delusions are many). The House of Representatives will vote on their proposition of a massive tax-cut bill tomorrow.  The losses in revenue will add some $1.5 trillion to the national debt, and slash taxes for corporations and the rich, with little benefit to middle-class working people. In fact, it will raise taxes for many.  But that’s not all: to pay for part of it, the law will take health-care benefits away from an estimated 13 million Americans. 

In other news today, Treasury Secretary Mnuchin showed off the first dollar bills with his signature on.  Yay.

With words that I borrowed from ABBA’s ‘Money Money Money (1976)’. Treasury Secretary Steven Mnuchin’s wife, Louise Linton, showing off the first $1 bills bearing the signatures of both Mnuchin and US Treasurer Jovita Carranza today.  Hey, I love printed money, too, and it’s not a sin to be rich.  But with the controversial tax-cut bill in the news,  maybe this is not the best time for Mnuchin to brandish newly minted sheets of money.

Leave a Reply

Your email address will not be published.