December 22, 2017

IF CORPORATE TAX CUTS ARE SO BAD, WHY ARE THE BLUE STATES SLASHING THEIRS? Leave it to Senate Minority Leader Chuck Schumer of New York and other blue state officials to provide yet another illustration of utter hypocrisy in politics.

Shortly after Congress approved the largest tax cut in American history and the most significant reform of the tax code since, 1986, Schumer lamented that “now we know they are popping champagne down Pennsylvania Avenue. There are only two places where America’s popping champagne: The White House and the corporate board rooms, including Trump Tower.”

Thanks to the tax reform bill, Schumer added that the measure “officially cements the Republican Party as the party of the wealthy and the party of big corporations against the middle class and the working people of this country.”

Then there’s this piquant observation from Lifezette’s Brendan Kirby, who points out that: “Even as prominent Democrats such as Senate Minority Leader Chuck Schumer (D-N.Y.) and Sens. Sheldon Whitehouse (D-R.I.) and Richard Durbin (D-Ill.) trashed the idea, their extremely blue home states have been cutting corporate tax rates.

“The three states are among a dozen overall that have changed their corporate tax rates since 2012, according to a report this month by the Tax Foundation. All of the changes have flowed in one direction: down.”

As “they” say, you just can’t make this stuff up.



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