Congratulations to GOP, Inc., for finally bringing to market their signature product: a massive tax cut for the rich. The ultra rich have invested hundreds of millions of dollars in GOP, Inc., buying both Congress and the White House. Now with the passage of the new tax bill that investment has finally paid off.
With the new tax bill the mega-corporations can now bring home some of their billions stashed overseas. This money will go to buy back corporate stock, distribute bonuses to upper management and pay dividends to investors. With the loopholes and pass-throughs included in this new tax bill only workers getting a monthly paycheck will pay the advertised tax rate; the ultra-rich, living off of their investments and tax shelters, will save millions.
There will be little incentive to increase pay wages or build new factories here in the United States when there are still plenty of cheap labor and factories available in Mexico, China, Vietnam, Indonesia, Bangladesh, the list goes on. But we should be grateful for the few extra dollars that come our way. We will need the money when health care insurance costs skyrocket now that the insurance mandate has been repealed and millions can no longer afford their insurance due to high costs.
And then there is the little problem of the federal deficit mushrooming by another $1.5 trillion over the next ten years. But don’t worry, GOP, Inc., also has a solution to that problem. GOP, Inc., will soon unveil their plan to cut Social Security, Medicare and Medicaid funding to shrink the federal budget to make up for the lack of tax dollars. After all those programs don’t benefit the ultra-rich so they are expendable, because in the end GOP, Inc., has its priorities and knows who pays its bills.