“They got the money, hey
You know they got away
They headed down south and they’re still running today
Singin’ go on take the money and run
Go on take the money and run
Go on take the money and run
Go on take the money and run” – Take the Money and Run, Steve Miller Band
This is not the traditional way a Bill becomes a Law. However, with Donald Trump and the Republican Party’s new system this is how you perpetrate a fraud on the American people. This Tax Proposal was written under wraps, where there were no hearings, no chance to review a Congressional Budget Office score to determine how much this massive reduction in revenue is going to cost.
There will be quantifiable reductions in expenditures to pay for services provided by the Federal Government. The legislation, if approved will trigger massive tax reductions for the wealthy and hidden tax increases for the working class people. Teachers will no longer be able to deduct what they pull from their own pockets, this occurs especially in underfunded public schools.
Even Governor Andrew Cuomo has weighed in on the implications of this Tax Reform Plan, he stated, “The House Republican tax bill is a targeted assault on New Yorkers that will deliver a catastrophic blow to our economy. Any member from New York that votes for this bill is voting to take billions of dollars from middle class New Yorkers and send that money to corporations, billionaires, and other states.”
Syracuse Mayor Stephanie A. miner in addition to many local elected officials have denounced the plan as being detrimental to their local areas, as Miner states, “Today’s vote by the House demonstrates that Republican leadership has put vested, moneyed interests ahead of people in cities like Syracuse. This legislation is riddled with bad public policy that leaves working families behind, including eliminating the state and local tax deduction; eliminating the deduction for teachers who purchase school supplies; eliminating the historic tax credits which have led to the redevelopment of many downtown Syracuse buildings; and eliminates deduction for interest rates on student loans, vital to the economy of cities like Syracuse where our major economic drivers are educational institutions.”
Potential challengers to Congressman Katko have also issued statements, Congressional Candidate Dana Balter says, “Congressman Katko’s support of this legislation is dis-heartening and wrong for New York families. And he said that his decision to vote for it was easy. This bill provides tax giveaways to millionaires, billionaires, and large corporations on the backs of millions of working families.” said Balter. “In 2018 in New York alone, $1,878,400,000 in tax giveaways will go to the top 1%.”
This Bill is simply Tax Reform for the wealthy. In the past it has been determined that tax cuts do not trickle down to the average American. These funds aren’t being reinvested in the American worker; funds are returned to stockholders in the form of dividends or used to make large corporate mergers and acquisitions. There’s no proof that massive tax cuts, do nothing but explode our deficit while doing nothing for healthcare or our nations aged infrastructure.
It has become clear what the Republican led Tax Reform is really about. Starve the programs that need funds and tell the American people there is no money to continue. This has been a long-term goal for the Conservatives and Alt-Right factions of the Republican Party.
Judging from the backlash being expressed across the nation and specifically within the 24th Congressional District, John Katko is going to have a rough time explaining this vote. Syracuse has the nation’s highest number of census tracts with African Americana and Hispanics, drenched in poverty. This Tax Reform Bill does nothing to address these issues. If fact, our poverty will be exacerbated by the actions of the House of Representatives, if this Bill ever becomes law.
Next year is a Congressional Election year all 435 members of the House of Representatives are up for re-election. This will be a test as to whether Mr. Katko’s allegiance to the Republican Party is rewarded by being sent back to Washington for another term or sent home.
Today, there are people marking their calendars in advance of next year’s Congressional Elections, by the way the date is November 6th 2018.