Hillary on the Odious Fake Tax Reform Bill: We Need to Get to Work
Yes it’s a terrible bill that will have awful reverberations if it goes into effect. It’s a tax cut for the rich paid for by the poor. It’s going to raise taxes on 83 million nonrich Americans and also take away the healthcare of 13 million-through the repeal of the ACA mandate.
But as noted yesterday, as bad as it is, it’s not over. Defeatism is not a strategy.
We only lose this fight if we give up when it’s not over. Hillary also has a reality check for any defeatists who want to throw up their hands and say there’s nothing we can do now.
Sometimes it’s hard to know what to do after a loss. Not this time.
This tax bill is only going to get worse as people learn more about it. There are 6 GOP Senators that have to run on it & 2 open seats in 2018. We all need to get to work.
— Hillary Clinton (@HillaryClinton) December 2, 2017
Exactly. Those who voted for this will be marked GOPers. And as Lawrence O’Donnell says, now we have to begin a full court press with it going back to the House. Will all these individual Republican Reps vote for this terrible, awful, no good fake tax reform bill?
No doubt Paul Ryan wants to jam this through but it’s up to us to make it as hard as possible for him.
The tax bill must now pass the House again. A tough vote for Republican House members from CA who can kill the bill & are ignoring the tax increases for CA. They’re counting on opponents to mistake half time for the end of the game and quit now.
— Lawrence O'Donnell (@Lawrence) December 2, 2017
Meanwhile, of the 17 Republican toss-up seats in 2018, THREE are in California. That means every Republican who votes for this tax bill that hurts their state becomes more vulnerable. pic.twitter.com/oo4tBAUdSW
— Joy Reid (@JoyAnnReid) December 3, 2017
Basically this is how we should look at things going forward:
1. The game isn’t over-it’s still half time. There are significant hurdles for the GOP-the House GOP needs to vote for it again.
“After the Senate approved its sweeping $1.5 trillion legislation early Saturday, Speaker Paul Ryan said he would appoint official negotiators on Monday to a conference committee that will meld the measure with the one the House passed in November. Though some Senate Republicans would like the House to simply pass their plan without any changes, a spokesman for Majority Leader Mitch McConnell said he will name his own conferees next week.”
“The two sides agree on many key elements of an overhaul, including its overall size and emphasis on cutting corporate taxes. And none of the issues where the two plans diverge have drawn such strong opposition that they can’t be finessed, congressional leaders say. Too much is at stake.”
“I think everybody in our conference believes this is an imperative for the economy and also the politics, I think, would not be good were we to fail,” said Sen.John Cornyn, the chamber’s deputy leader.
You certainly can’t underestimate the desire of the GOP to ram this thing through. Nevertheless there are hurdles:
“And there are some significant differences to resolve. The House, for example, wants to slash the mortgage interest deduction in half, and eliminate it entirely for second homes. The Senate would only end it for home equity loans.”
“In a surprise move, Senate Republicans decided at the last-minute to abandon plans to repeal the AMT — a key part of GOP promises to radically simplify the code — and that’s sure to be unpopular with House Republicans.”
“The House wants to cut some $65 billion out of education-related tax breaks, which the Senate leaves them mostly untouched. The Senate wants to double one break, for teachers’ expenses, that the House would kill altogether. Senate Republicans have seven individual income tax brackets in their plan; the House has four. House Republicans want to end the estate tax while the Senate would only temporarily ease it.”
2. If this infamous thing does become law while it will be major pain for the nonrich, workers, students, and the elderly, it will be as Nancy Pelosi puts it ‘Doodie on the shoe’ of the GOPers who voted for it.
It along with the legitimacy crisis will be the galvanizing issue of the 2018 election.
3. As Paul Krugman says, in retrospect it was a big mistake for Obama to rule out using reconciliation.
The entire progressive agenda will be off the table for a generation insofar as it involves spending a dime for anything. The money won't be there. Democrats will have to do all they can just to keep Social Security from being privatized and Medicare turned into a block grant.
— Bruce Bartlett (@BruceBartlett) December 2, 2017
This is wrong. I'm licking my chops at reversing most of the tax cuts to help pay for single payer. Through reconciliation. https://t.co/oCRRV7bj30
— Topher Spiro (@TopherSpiro) December 2, 2017
Certainly Dems should not be shy about using it like Obama was in 2009. Had he used it then we could have had both a larger fiscal stimulus-and one less tax cut centered-AND the public option for healthcare.
Overall Obama was a great POTUS but his post partisan illusions were something he never escaped.
P.S. I’m Mike Sax, I’m running for Congress in the NY 2nd District and I’m a Hillary Clinton Democrat.
Meeting her recently was one of the biggest honors in my life to stand next to such a fine public servant and trailblazer. She seemed to like our Impeachment Train campaign t shirts too!
Think of the shirt as a one time investment in restoring legitimacy to this country.
And please donate so we can compete with Peter King’s $4 million. I know no lobbyists or millionaires like Peter King. Small donations are the engine of the Mike Sax NY2 campaign. Together we can do it. Because we must.