Tag Archives: predatory class

Working Americans have not noticed the effect of the GOP tax cut on their personal finances

Erica Werner of the Washington Post today asserts As GOP tax cuts take hold, Democrats struggle for line of attack based upon conservative Democrat Joe Donnelly’s reelection campaign in the deep red state of Indiana:

The new law is rising in popularity as businesses in Indiana and elsewhere trumpet bonuses and bigger paychecks. And while Donnelly and fellow Democrats struggle to craft a consistent attack on the law, Republicans — boosted by outside spending from groups backed by the billionaire Koch brothers and others — are united in touting the tax cuts and slamming moderate Democrats who voted against them.

* * *

Americans have just started to see the tax cut show up in their paychecks this month, and along with those boosts in pay have come a spate of recent polls that show public opinion turning in favor of the tax legislation — leaving Democrats the unenviable task of trying to convince voters that a law increasing their paychecks now will be bad for the country later.

Werner is correct about the Koch brothers multi-million dollar GOPropaganda campaign to sell the GOP tax bill, and the resulting bump in polling (mostly from GOP-leaning voters responding to messaging for GOP tribalism). But there is contradictory evidence on any actual economic benefits of the GOP tax bill being noticeable in paychecks.

Continue reading