Saturday, April 18, 2015

Inequality watch: House GOPlins vote to increase deficit with gift to the wealthy. Which Dem voted with them?

House Republicans passed a bill repealing the estate tax. The bill is a huge giveaway to the richest of the rich and would effectively add billions more to the deficit. This vote exposes the amazing hypocrisy of the GOP. Here are snippets from the report by Steve Benen (h/t AZBlueMeanie).

When describing Republican tax proposals, it’s not uncommon to talk about policies that disproportionately benefit the very wealthy. GOP proponents will say a bill benefits all taxpayers, but they’ll brush past the fact that the rich benefit most. This, however, is altogether different – today’s bill, called the "Death Tax Repeal Act," quite literally benefits multi-millionaires and billionaires exclusively.

It’s not an exaggeration to say House Republicans, en masse, voted for a $269 billion giveaway to the top 0.2%. Under the plan, GOP lawmakers, who occasionally pretend to care about "fiscal responsibility," would simply add the entire $269 billion cost to the deficit, leaving future generations to pay for a massive tax break for the hyper-wealthy.

Even by contemporary GOP standards, today’s vote is pretty obscene. At a time of rising economic inequality, House Republicans have prioritized a bill to make economic inequality worse on purpose. At a time in which much of Congress wants to make the deficit smaller, House Republicans have prioritized a bill to make the deficit much larger.

Asked to defend this, Republican leaders – the same leaders who balk at all requests for public investment, saying the nation is too "broke" to fund domestic priorities – say it’s only "fair" to approve a $269 billion giveaway to the hyper-wealthy.

It’s like Lewis Carroll and Charles Dickens got together to write a novel, and Congress’ majority wants Americans to live in it.

The final tally was 240 to 179, with nearly every GOP lawmaker voting for it and nearly every Democrat voting against it.

WTF? "nearly every Democrat voting against it"? "Nearly"? Not "every"? Which Dems joined in the "pretty obscene" vote?

AZBlueMeanie at B4AZ has the answer: Kyrsten Sinema. I've blogged before about her turncoat votes and here is another example of why she is not ever, ever to be trusted. But I suppose her supporters would regard this vote as purely Sinematic and without consequence given that the bill will likely die in the Senate. They certainly rewarded her bad behavior with lots of cash in the first quarter. They are not paying for principle, so they must just enjoy the show.

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