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Old 12-21-2017, 11:00 AM   #57
MplsTaper
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All of which leaves us with the overriding question: Why? Why would Republicans pass a bill so wretchedly unpopular to benefit such a small slice of Americans? Some lawmakers, like South Carolina Sen. Lindsey Graham and Rep. Chris Collins, have bluntly admitted that their donors simply demand it. Others, like House Speaker Paul Ryan, may be true believers in conservative economic dogma. And others could be self-interested: The Senate originally planned a smaller pass-through cut, until Wisconsin Sen. Ron Johnson threatened to kill the whole effort unless it was expanded, an expansion that may benefit his family’s own business interests.

But the overarching reason is the same: The Republican party answers to the interests of wealth. Lawmakers listen to their donors. They listen to conservative think tanks like the Heritage Foundation or Hoover Institution, which are funded by the wealthy to create an intellectual justification for deeply regressive policy making. And sometimes, they just listen to their own accountants. The result is a tax code that favors the interests of entrenched money. After three decades of rising wealth inequality, business owners and investors are finding new ways to extend their run. The question now is how the rest of us can stop them.
Weissmann may be on to something here.

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