White rich men laughing, clapping and slapping each other on the back because they get to pay back their donors by cutting their taxes which is ironic since they don’t pay taxes anyway. They’re liars and cheaters and can afford expensive accountants to hide their money. 1,800 families who don’t work or pay taxes will make even more money off of their money. The biggest banks (who tanked the economy 10 years ago leaving taxpayers to bail them out without consequence — nobody went to jail) will see their earnings increase by 14%. Wells Fargo will make the most, even after rigging stock prices by creating fake accounts to make their shareholders think they were growing. When they got busted they blamed it on low level employees and fired them. They’re going to see an 18% increase. Corporations will drown in cash — they don’t know what they’re going to do with all the money that will be dumped on them. What to do? What to do? Look at all this money! Money! Money! Money! Apple will get $47 billion. They don’t need it. They’re already sitting on a ton of cash that they don’t know what to do with.
Tax cuts aren’t necessary for the economy. The economy is doing well. We have full employment. This is a gift to the ruling class.
The other winner? China. China will continue to rise in military and economic power using the money that we owe them to do it.
Donald Trump. Dear Leader. Boy King. He’s already making a ton of money off of the presidency from pimping his hotels, golf clubs, and merchandise. Now his 500 pass through companies will make more money. His kids won’t pay estate taxes on their millions. His commercial real estate companies will be a bottomless pit for cash, cash, cash, cash. He’s going to make $1 billion from this new tax law. Trump! Trump! Trump! Trump!
Before the celebration on the White House lawn, Trump’s cabinet engaged in a presidential worship session where sycophants gushed over Dear Leader for the cameras. Mike Pence said, “Speaking for the entire cabinet, I say thank you. I am so humbled to be your vice president. Because of your leadership and the strong support of leadership of congress you are delivering on the middle class miracle.” Then Ben Carson led everyone in a prayer , thanking God for getting us out of debt.
Out on the lawn, Paul Ryan gushed over Dear Leader and said, “Something this profound could not have been done without exquisite leadership. Thank you Mr. President.”
Mitch McConnell rolled over and let Trump scratch his turtle shell tummy. Then Paul Ryan rolled him back on his feet because Trump sure as hell wouldn’t do it.
Old man Orrin Hatch was weepy and sentimental as he told Trump that he was the greatest president in the history of the world. Trump knocked him over to take the stage. He loved all of the adoration. More! More! Tell me how great I am!
Republican hypocrite fun fact — Uncle Tom Tim Scott, the first black Republican representative in South Carolina since 1897, grew up poor with a single mom in South Carolina. Even though he has first-hand experience of what it’s like to live in poverty, he spent the past year working on this tax plan that will screw single moms and their kids. He’s anti-union. He introduced a bill which would deny food stamps to families whose incomes were lowered to the point of food stamps eligibility if a family member participated in a labor strike. Uncle Tim was on the White House lawn yesterday, clapping and laughing and patting rich white men on the back.
Republicans want everything to go into effect January 1 which isn’t humanly possible. A new law this big should take years to implement. January 1 is going to be pure chaos.
The losers? All of the rest of us. 63% of us can’t withstand a $500 emergency. The Republicans tossed out a few crumbs that might help us with a $500 emergency but they’ll take it back in a few years, after the next presidential election. The law will cut $1 trillion from Medicaid which will throw the disabled and the elderly to the curb. 13 million people will lose their health insurance. Everybody’s insurance premiums are going to soar because the law eliminates the individual mandate which controls costs. Kids with cancer will be pulled from life support when the Children’s Health Insurance Program (CHIP) is killed. It’s written into the tax law that Puerto Rico will be treated as a foreign country. Blue states are being punished for not voting for Trump.
A secret working group of Republicans has been plotting to take down the FBI. The head of this clandestine group is Devin Nunes, Chair of the House Intelligence Committee. Devin recused himself from the Russia investigation after he got busted for going to the White House to warn Trump about what the House Intelligence Committee was up to. This should scare the living crap out of all of us, even the ruling class.
We no longer have a representative democracy. A foreign power rigged our election. The 1% are running the show. The Republican party does not represent the people. They regard the people as the enemy.
Merry Christmas, Lobbyists and Big Donors. The government belongs to you. For now.