According to a new analysis of the tax plan that passed the House this week, the entire Trump family will save close to $1 billion dollars under the new plan. Meanwhile, Medicaid is getting cut by $25 billion per year, effectively immediately, and itemized deductions that save lower-income Americans tons of money will vanish. This plan is pure theft, as Ring of Fire’s Farron Cousins points out.
 
Link – https://www.nbcnews.com/politics/first-read/trump-his-family-could-save-more-1-billion-under-house-n821491

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On Thursday of this week, Republicans in the House of Representatives were finally able to pass their disgusting tax reform package. Who’s gonna be the biggest beneficiary of that? Well, if you said rich people, you’re absolutely right. In fact, according to a new analysis by NBC News, Trump and his family will personally save about $1 billion due to the new policies in the Republican tax package. Meanwhile, the rest of the country, those of us who don’t fall into that top 1% or even the top 5%, those of us in the bottom 95%, we’re essentially getting screwed harder than we could ever imagine. Because in addition to people like Donald Trump and his family saving $1 billion, there’s also specific tax breaks and tax cuts for people who use private jets.

Meanwhile, teachers in this country are losing their ability to write off supplies that they have to buy with their own money for their classroom. Let me go ahead and explain how that works real quick too, in case any of you don’t know. My wife is a special education teacher. She spends probably well over $100 every single month out of her own pocket to buy shit for her classroom because there’s no frickin’ money in the State of Florida to provide the things that teachers need. I have a lot of teachers in my family. I have a lot of friends who are teachers, and the story is exactly the same with every single one of them. Now they won’t even get to write that stuff off. Why? Because rich people need a tax break for using private jets because Donald Trump and his idiot kids need a tax cut because they don’t wanna pay an inheritance tax when daddy finally kicks the bucket and they take all his money. This is theft, folks. This is outright theft from the bottom 95% to give it back to the top 5%.

In addition to all that stuff, we’re looking at $25 billion immediately cut from Medicaid, health insurance for the poor in the United States. $25 billion will be cut immediately upon presidential signage of this piece of legislation, from poor people so they can’t buy health insurance. In all my years of studying politics, of reporting on politics, this is the most disgusting thing ever. This is the most disgusting thing ever. That’s the end of that sentence. I have never seen any group of Republicans in this country, in the history of this country that I have studied, ever try to pull off such a grift on the American public, but that is exactly what happened in the House of Representatives yesterday. This piece of legislation is going to take everything away from the bottom 95% to give it to the top 5%.

If history is any indicator, that typically tends to lead to revolution. I hope it doesn’t. I don’t wanna see that happen. But there is only so much, and there’s actually good metrics to back this up, there’s only so many times you can squeeze the underclass, only so many times that you can push people further and further and take away their rights and take away their programs that help keep them alive before they finally decide to take action. Republicans don’t seem to understand that crisis index, but they might.

We cannot continue to live like this. We cannot let the top 1%, top 5%, the Republican Party, screw all of us around like this just so that they can give themselves and their wealthy donors tax breaks, ’cause make no mistakes, folks, that’s what happened here. They didn’t do this because they think it’ll help the economy. They didn’t do it because they think it’ll create jobs. It’ll do neither of those things. Rich people have even admitted that. The only reason Republicans did this is ’cause they wanna give their donors more money to put back into the campaigns of the Republicans. So teachers, you’re getting screwed. People on Medicaid, you’re getting screwed. The underclass, you’re getting screwed. Middle class, you’re getting screwed. But if you’re rich enough to have a private jet, you just might save $1 billion.

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23 Comments

KLM Hooked Moore · November 26, 2017 at 5:38 am

And the corrupt, greedy Rethuglikkkan party enables the Trump crime family to continue to thrive.

Michael Bond · November 26, 2017 at 5:38 am

What do you expect? America is operated on the profit first system! The almighty dollar rules! Money is the be all and end all of life in America! If you have money? You can get away with anything! Make any attempt to create a fairer system? The rich scream COMMUNISM! And the fools fall for it every time.

Richy Rich · November 26, 2017 at 5:38 am

Pray for plane crashes and pink mist.

Laurie Bolles · November 26, 2017 at 5:38 am

The humanrace has always had to deal with greed, but now there is 7+Billion of us and greed is on the rampage. It's a mental illness, there's no satisfying these people. Their humanity is completely out the window. But I live by two sayings – 'Something good comes from something adverse.' 'The adverse is there to smack you upside the head to wake you up.' The other is 'There's always a solution.' History has shown us that there's always a limitation, the French Revolution showed us that. I'm not encouraging bringing back the guillotine, but we as adults have to say 'Enough is enough.' There are legal actions and getting of four asses to vote the right people into office or to run for office. It wouldn't hurt to dismantal the Electoral College, that's why we have Trump today. He did not get the popular vote by along shot. Have a nice day and follow your bliss.

Nancy Parent · November 26, 2017 at 5:38 am

We are tire of you

Mike Hunt · November 26, 2017 at 5:38 am

Trump deserves a billion dollars for all he's done for American workers already. Obama owes American workers billions and billions for what he did to them and George Bush owes American workers, veterans, taxpayers trillions of dollar for the catastrophes that he visited upon us.

Addicted to Not Smoking · November 26, 2017 at 5:38 am

Is anybody else fantasizing Oliver Queen taking action?

"Donald Trump, you have failed this country!"

kimchee94112 · November 26, 2017 at 5:38 am

Rough (very rough) estimate, just as rough as the stated $1 billion above.
Net worth and tax saved:
Oprah 3.0, 19.4 million
Trump 3.1B, 20 million
Gates 79.2B, 512 million
Buffett 72.7B, 469 million
Ellison 54.3B, 350 million

kimchee94112 · November 26, 2017 at 5:38 am

I’m in the bottom 75% and will anticipate paying more tax mainly due to itemized deductions living in a high tax state California. Overall I think I’m coming out ahead due to the stock market good consumer confidence and no death tax (not that my property value is at that level, but good to know) for my beneficiaries. We have been paying $1,400 per month for health insurance for both of us and are depressing to see necessary prescriptions and medical equipment denied but not people on Medicaid. Seems backwards where they have better care but we are paying for it. So I don’t care if some of those Medicaid benefits cut back more in line with ours. If anything, Governor Jerry Brown screwed us much more. BTW, we paid much more in state tax than federal tax. We'll see in a few years after couple more tax returns, will know better where the stock market is heading, jobs, and the economy.

hybridwoman · November 26, 2017 at 5:38 am

How are republican voters ok with trump and his family saving millions, but hard working poor people are paying more taxes and medicaid cuts will be at the expense of the poor, how is it ok?

SuperBat · November 26, 2017 at 5:38 am

Let a business man run the country and he'll do for himself like no one else.

aandreya · November 26, 2017 at 5:38 am

well, maintenance of private jet IS expencive…

MrKafein · November 26, 2017 at 5:38 am

Congrats, USA, you've become part of the Third World. You're welcome.

BluePittsley · November 26, 2017 at 5:38 am

Awww Hell, let them have it, they’ll need it to pay their legal fees…

JEFF BUTLER · November 26, 2017 at 5:38 am

Unbelievably corrupt!
Laughing in the face of all Americans!
These fuckers need to be stopped

Chelsea Runyan · November 26, 2017 at 5:38 am

Republicans can't be trusted. After all they won't listen intil they lose all there money. That all Republicans care about money.

Don Franco · November 26, 2017 at 5:38 am

Donald Trump is a piece of shit and so is every Republican and in-bred Trump supporter who voted for this jackass! !

Kekistan Native · November 26, 2017 at 5:38 am

I'm sorry, I can't hear you over the sound of how awesome Donald Trump is.

Jess S · November 26, 2017 at 5:38 am

They are all such crooks. Anybody hear about the SOHO scandal with ivanka and don junior? The prosecution was shocked by the content in their emails as they conspired to cheat Americans and beat the Law. Then daddy trump gave $25,000 to the judge and the case was dropped. If we EVER elect a businessman again, let’s elect one that hasn’t made a career cheating the system and others like trump has. He actually used to keep hitlers speeches on his desk…….. no sh**.

malachite moondance · November 26, 2017 at 5:38 am

I wish Burnie Sanders was president

malachite moondance · November 26, 2017 at 5:38 am

They are republicans ! What's that about the rich having more chance of getting into heaven than a camel getting through the eye of a needle.

D Storm · November 26, 2017 at 5:38 am

This is a dishonest headline. Tax cuts are good for everybody, as JFK knew but this kid in the video doesn't.

Shannon Blake · November 26, 2017 at 5:38 am

greedy losers

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