Yes, a more shocking headline would be Donald Trump telling the truth about something, but still. In a speech so egregious that The New York Times had to fact-check it, Trump is selling a barge of goods on this bill that will personally reap him huge financial gain. Here’s just the toplines from their work:
He is wrong that “for years, they haven’t been able to get tax cuts, many, many years since Reagan.” […]
He inaccurately suggested the plan wouldn’t help the wealthy. […]
He falsely called the current plan the “biggest tax cut in the history of our country, bigger than Reagan.” […]
He falsely suggested that the stock market was previously flat. [..]
He exaggerated when he said a 3.3 percent growth was the “largest increase in many years.”
Maybe Reagan is the only president besides President Obama whom he’s capable of remembering. Because there were those Bush tax cuts that Obama had to spend eight years cleaning up after to facilitate a robust stock market and growth as high as 5.2 percent in the third quarter of 2014. But even if these facts managed to lodge themselves in Trump’s damaged brain, his hate filter would block them from his conscious life.
This bill is so much more than just tax cuts. It’s a radically dangerous exercise in social engineering. It’s widely recognized by everyone but congressional Republicans and Trump as a deeply irresponsible plan that will do everything from preventing states and local government from levying taxes to try to make up for what they’re losing from the federal government, to cutting health care and education and public transportation and the safety net. It would probably even result in far fewer individuals giving to charity. It’s so much worse than the Bush tax cuts because it reaches into every aspect of our lives.
It is “a behemoth piece of legislation that could widen American economic inequality while diminishing the power of local communities to marshal relief for vulnerable people—especially in high-tax states like California and New York, which, not coincidentally, tend to vote Democratic.” Which is a key part of this whole enterprise. Every Republican who votes for this is hitching their wagon to Trump.
Jam your senators’ phone lines at (202) 224-3121. Tell them to vote “no” on the Republican tax bill.