These tax cuts don't work because the numbers don't work. Because the numbers never fucking work on these things.
WaPo:
Republicans would no doubt counter that any time you reduce taxes, you increase the incentives for work. But it’s important to remember that if you’re a regular wage-earning American, this bill is as likely to increase your taxes as decrease them. According to the Joint Committee on Taxation, Congress’ official scorekeeper on tax issues, every income group under $75,000 a year will on average see a tax increase by 2027. And while many of tax cuts that individuals at lower incomes might benefit from phase out over the course of the next decade, the cuts that most help corporations and the wealthy are permanent. All that is why, as Ryan Grim points out, while the bill has a net cost of $1.5 trillion, it actually cuts $6 trillion in some taxes but increases taxes in other ways by $4.5 trillion.
To be fair, the tax code already favors investments over work; Republicans merely want to reinforce and extend that characteristic. While they often lecture about the “dignity of work” when they’re proposing to take away safety net programs that aid those in need, they are doing little or nothing to change the tax code so that it does more to encourage work. Right now, wage income (i.e., money you work for) gets taxed at a higher rate than investment income (i.e., money you make when your money makes you more money). The salutary effects of labor on an individual’s spirit apparently only operate on the grubby lower classes, while the wealthy should be honored and rewarded for their ability to watch their portfolios grow.
We deserve a closer look. We have the right to know everything that's in every bill under consideration.
When the GOP (eg) huddles in private and pushes for a vote with no hearings and no disclosure, we're being treated like serfs - like we only have the right to agree and obey. We are not being well-served.
It's dismissive and condescending and disrespectful.
There's no honor in it.
