It’s easy to make fun of the GOP as a party that helps billionaires at the expense of everybody else. But the Republican tax bill shows that the joke is on regular Americans while the rich will be laughing all the way to the bank.
Republican enthusiasm for tax cuts is the product of an enduring conservative philosophy rooted in faulty interpretation of economic theories — with dire consequences for workers and the market.
The term “tax reform” is designed to get regular taxpayers to support legislation that would primarily benefit the wealthiest Americans. Here is some straight talk about what is really being proposed — and the damage it could do to the US economy.