YEP, AND IT’S STARTING TO MOVE THE POLLS: Jeff Jacoby: That GOP ‘tax scam’ is putting money in millions of workers’ pockets.
t has been nearly a month since Congress passed the Tax Cuts and Jobs Act of 2017, the most sweeping overhaul of the tax code since the 1980s. Of the 185-page bill’s many provisions, perhaps the most consequential is a reduction in the federal corporate tax rate from 35 percent to 21 percent.
Among the tax bill’s leading opponents was Senator Elizabeth Warren of Massachusetts, who was scathing in her denunciation of what she called the “GOP Tax Scam.” Shortly before the final vote, she delivered a blistering speech on the Senate floor.
“Today is a terrible day,” she intoned. “A terrible day for the millions of working families in this country. . . . A terrible day for millions of people who just want to get on with their lives and not have Congress cost them even more money.” Reiterating a message she had pressed for weeks, Warren insisted angrily that what was about to be enacted was “a heist — a heist that steals from millions of middle-class families and hands that money over to the wealthy.”
The full text of Warren’s speech appears on her Senate website, in a press release she issued on Dec. 19. She warned in that speech that there would be “a reckoning” if the tax bill passes, and that members of Congress voting for it would be “held accountable for turning their backs on the American people.”
And now that’s turned out to be a lie, so there may be a different sort of reckoning.