When it’s tax cut season, deficit hawks fly south for the winter. But we may be sure that when spring arrives, those birds of prey will be back, looking for easy pickings amongst the "poor and the maimed and the halt and the blind" (Luke 13: 21).
Although we may focus on the iniquity of the trillion-dollar handouts to the donor classes, the sucker punch is in the direct and indirect impact the legislation will have on the rest of us.
Without the ability to deduct SALT, and with a cap on mortgage deductions, state and local governments will be constrained in their ability to support local infrastructure projects, public transportation or social services. That is why the National Governors Association, the United States Conference of Mayors and the National Conference of State Legislatures have denounced the measure.
Only the Wizard of Oz believes that the bills in the House and Senate can generate meaningful job growth and economic expansion. And when Congressmen are shocked-- shocked!-- to learn that the Wizard was dreaming in technicolor, you may be sure the talons will be unsheathed.
Medicaid, we know, is already targeted to pay for reducing Mr Trump’s intolerable tax burden. Those 89,000 Maine residents who think they gained coverage in the recent State ballot will probably discover that the package is largely empty when theytake off the ribbons.
We know that some 13 million people will lose healthcare coverage if the Individual Mandate is eliminated, and Insurance premiums are expected to rise by 10 percent.
Wait, there’s more. The Congressional Budget Office said on Tuesday that a law passed in 2010 would necessitate cuts to Medicare of as much as $25 billion next year and could reach almost a half trillion dollars over 10 years, according to the nonpartisan Committee for a Responsible Federal Budget.
This legislation is a one-two punch, designed to entrench a plutocracy and establish a permanent underclass.
And Congressman Lance, I am sure would echo Rhett Butler in saying, “Frankly my dear, I don’t give a damn!”