Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
GOP Has Already, DEFINITELY, Given Up On Democracy
Posted
December 13, 2017
Views
8,224
Likes
288
Comments
49
Engagement
4.10%
December 13, 2017
8,224
288
49
4.10%
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9:24Now PlayingIn this Majority Report clip, Michael Brooks interviews Eric Levitz from New York Magazine on how disastrous the Republican tax bill is for democracy.
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"Republicans are ideologically committed to slashing taxes on the wealthy and corporations. And they’re politically prohibited from raising taxes on most middle-class families, cutting defense spending, or reducing entitlement benefits. In practice, this means that radically increasing the national debt is a core pillar of the GOP’s economic agenda.
Of course, Republicans spent the past decade claiming the very opposite. So, to reconcile their Obama-era rhetoric and Trump-era tax bill, GOP leaders have been forced to claim that their tax cuts will actually pay for themselves by generating higher growth. This premise is absurd: While growth effects could (mildly) ameliorate the bill’s deficit impact, they couldn’t possibly close a $1.5 trillion revenue gap.
Most of the party’s erstwhile deficit hawks are willing to pretend otherwise. But, at least for the moment, some aren’t. Oklahoma Senator James Lankford is one. As Bloomberg’s Sahil Kapur reports:"
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