Millionaire Sen. David Perdue, R-Ga., is claiming that the Senate must approve the GOP’s “tax cut for the one percent” tax plan in order to “avoid escalating the national debt over the next decade.” How could giving millionaires $46,000 extra per year help our country save money? The short answer is, “it can’t and it won’t.”
“National debt” is the reason Republicans have always given for tax reform, but the truth is it doesn’t work that way. It never has.
Economist Mike Kimel pointed out that the past four Republican Presidents (George W. Bush, George H. W. Bush, Ronald Reagan and Gerald Ford) all oversaw an increase in national debt in the name of giving more money to the wealthy. Contrary to what they say, conservatives do not care about fiscal responsibility or improving the nation, they only care about the wealth and welfare of a select few.
The conservative mantra is that “tax cuts for the wealthy lead to increased jobs, better economy and a decrease of national debt,” but it never happens that way. It just simply isn’t possible. George W Bush’s tax cuts for the wealthy led to astronomical debt despite its promise to “lower national debt.”
Despite decades of experiences seeing these policies fail, conservatives are still pushing them. That, in itself, proves that it isn’t about the national debt for them.
Now, not only is former Dollar General CEO Sen. Perdue continuing to spout a mantra that is a blatant lie, he’s also using scare tactics to try to get this tax cut passed, encouraging Democrats and Republicans to “come together with a sense of urgency” to save America from the impending debt. He’s using the same sneaky, misleading tactics that he used as a CEO to get what he wants then leave before the company tanks. Only the company is our country and when it tanks, it’s going to take down millions of hard-working people.
In reality, this tax bill would negatively affect everyone except the wealthy. The over 1.6 million Georgians living in poverty would plunge deeper into poverty and the people who are currently in the middle would see a slight tax cut now only to pay more later. Why would anyone approve a plan that makes poverty worse?
The GOP tax plan also gives the biggest tax cuts to the smallest groups of people while taking money away from the largest groups of people. How, in a democracy, is that possible?
The GOP tax plan has already gotten enough votes to move onto the floor of the Senate. Everyone across America needs to call their senators and make them feel the pressure.
Call your Senators now and voice your opposition to the GOP tax scam.
Senator Johnny Isakson – (202) 224-3643
Senator David Perdue – (202) 224-3521