As Deficit Explodes, GOP Demands Emergency Tax Cut for the Rich

May 2019
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Cruzin’ for a Bruisin’

July 30, 2019
By: Juanita Jean Herownself
juanitajean.com

So, Ted Cruz has a bright idea. With the deficit exploding, Ted knows how to make America great again – tax cuts for the super-rich. No, I am not kidding. Hell, he even wants it without congressional approval!




He’s demanding that Steve Mnunchin index capital gains to inflation with his executive powers, whatever the hell that is. And because very few people understand what that means, he’s telling them it means trickle down. Your damn leg. He’s asserting that by giving the super rich another damn tax break, they will use that money to make high-paying jobs. Nope, they won’t.
Missing from Cruz’s call for Mnuchin to use “executive authority” to end this “unfair” treatment of taxpayers, which was signed by 20 of his Republican colleagues, is the fact that, according to the Penn Wharton Budget model, a whopping 86% of the benefit of indexing capital gains to inflation would go to the 1 percent (and reduce annual tax revenue by an estimated $102 billion over a decade).
So, instead of working for us, Ted is working for the super rich, again. He’s a sumbitch. And you can paint that on the barn.

Juanita Jean's | Cruzin’ for a Bruisin’
 
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Jul 2013
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The peonage of the Republican Party absolutely pulls their forelocks for their "betters", and if billionaires want a much needed billionaire tax cut, By God they get it.
 
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May 2019
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I'd like to know when the rank-and-file Republicans are going to come to the realization that they ain't never gonna get trickled upon.
 
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