Anthony DiMaggio at Counterpunch finds all kinds of data suggesting that Americans just aren't fooled by the tax-cuts-for-the-rich-help-everyone rubbish Republicans are still peddling. 2001 and 2003 weren't that long ago, of course, and most folks remember that those tax cuts preceded years of lackluster job creation, followed by a financial meltdown that almost destroyed our economy. But Mr. DiMaggio also reminds us that President Trump's unpopularity ain't helping him sell this rubbish, either.
You've heard that silliness about the proposed corporate tax cut leading to an average $4,000 boost in annual household income? Well, Factcheck.org finds that claim "dubious," not just because expecting a $127 billion drop in corporate tax revenues can hardly spur a $503 billion increase in household income, but also because even the pro-corporate tax cut crowd is scratching their heads over how the Trump Administration got the number. Also, too, citing the "average" take from a tax cut is a time-honored way of signifying to everyone that you're full of soup.
Of course, as the Economic Policy Institute reminds us, corporate tax cuts have, historically, not been a boon to our economy, and our periods of great prosperity have far more often occurred under a system that taxes corporations hard. Of course, you and I know that if you give a corporation more money, it'll shovel it to its shareholders, not create jobs with it. Jobs are for people, after all, and people have families and illnesses and such, so why would corporations spend their unearned largesse on that, when they can keep it for themselves (and then pay even less in taxes, since dividends get taxed at a lower rate)?
Hate to pile on, but the Institute for Tax Policy informs us that if Republicans do pass a tax plan that keeps the 39.6% bracket for millionaire income, the Trump tax cut plan would still mainly benefit the rich. Rich folks will still, after all, be getting all the tax cuts the plan would shower on income between $450,000 and $1 million -- and they'll still benefit disproportionately from the massive corporate tax cut that Republicans would hand out. They think we're really stupid, though of course we're not, and (as the link in the first paragraph tells us) the polling is starting to reflect that.
OK, maybe I don't hate to pile on: Justin Miller at The American Prospect tells us that the Republican tax plan would not only cut the corporate tax rate, but shift to a "territorial" tax system that would actually encourage corporations to shift even more profits "offshore." How? Currently, we tax all corporate profits, domestic and overseas, but the overseas profits get deferred, leading to corporations pretending they earned some of the money they've earned here "overseas," and even corporations pretending to be "foreign." The Republican plan would simply give up on taxing overseas profits, and what do you think corporations will do even more when that happens? Up really is down for these clowns.
Finally, William Rivers Pitt at TruthOut gives sage and welcome advice: "Stop Trying to Convince Trump Voters. Start Trying to Win." This maps well onto the advice I've been giving people for over a decade: 25% of the electorate is bat-guano insane and can't be reasoned with, and we should simply out-vote them at every turn. I'd still say the most important reason we don't is that the weakling Democrats who present themselves as TEH ONLY ALTERNATIVEZ!!!! don't fight for their constituents -- we've told them and told them and told them, and they still listen first and foremost to money. We'll continue to do our duty, until it's impossible for them not to do theirs. If we got some new Democrats, of course, I wouldn't complain.