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While Workers Get Crumbs, GOP Tax Scam Analysis Details $25 Billion 'Bonanza' for Big Oil


#1

While Workers Get Crumbs, GOP Tax Scam Analysis Details $25 Billion 'Bonanza' for Big Oil

Jessica Corbett, staff writer

"The oil and gas industry benefitted to the tune of billions of dollars from the Trump tax cut bill... And you didn't."

"This oil company bonanza was the anticipated result of a bill well crafted for this purpose."
—Antonia Juhasz,
Pacific Standard


#2

This administration does not mind Corporate Welfare for the Rich and Powerful Corporations even willing to go into deeper deficits to do so, but mention any monetary assistance for the poor, sick or needy and they’ll fight to give away a dime.


#3

It seems the trump regime pattern is to rush thru a proposal and/or bill , the details of which are kept largely secret until too late, and passed before any meaningful insight is gained - as was/is the case with the “tax cut” bill that really gifted a few with great profits - individuals ad families saw a pittance (that they will be forced to cough-up later) and the connected crony crowd made out like bandits.

The other same page scam have been the “omnibus bills” that are made-up of numerous contentious parts, also largely to benefit a few or specific group, corporation or favored industry - like the war machine arms industry, Pentagon, and related crony enterprises gifted ,what? $700 Billion?. Those omnibus bills are pork laden, and designed to be put off till the last minute and passed in a rush before some manipulated deadline or other. With those the public and government watchdogs (now near lap-dogs it seems) likewise has no time to appraise the scam. I call those a premeditated scheme to evade congress, the people, and what few officials of integrity are left - AKA a criminal enterprise…


#4

Did ANYONE actually believe that this tax cut would benefit the middle class? When, in recent history, has the Republican party EVER tried to help the middle class?


#5

Folks: we have not seen anything yet! One has to wonder what it will take to get the American people to protest in the streets against the fossil foolish companies like the gun protesting, students just did?


#6

So business as usual.


#7

Just as Dubya sent everybody who paid taxes (the previous year) a check when he became POTUS in 2001, the GOP’s recent Inequality Exacerbation Act disguised as tax reform utilizes gimmicks including immediate reduced withholding to make taxpayers feel wealthier…until they file their 2018 tax return a year from now and find they owe the IRS money due to reduced withholding…and possibly a fine if they fell below a certain withholding threshold.

The GOP has nothing to worry about since the midterm election is in November 2018, months before anybody will file their 2018 return and realize they have been duped. Trump will blame it on the Democrats and his base will repeat that talking point ad nauseum.


#8

Actually, the Republican party has always been the party of the middle class - aka the “professional class”. Might you been referring to the working class instead?


#9

Touche!


#10

Yes, by the Greedy Oil Party!


#11

The day of so many of our elected officials: 1) Breakfast & Prayer then lie, cheat and steal 2) Lunch & Prayer then lie, cheat and steal 3) Dinner (paid by lobbyists) & Prayer then more lying, cheating & stealing. When they speak to us the call it “public service.” We know it as “self-service.”


#12

Anyone who thought that this wasn’t just a money transfer to the rich and screw the rest of us were fools to begin with. The tax reduction on the corporations was a dead giveaway that the rich were the only ones going to get ‘tax relief’.
Just like Bush’s tax cuts which were supposed to for all of us and screwed us, this was all about screwing us.
“There’s a sucker born every minute” PT Barnum. And the GOP voters show that to be true.


#13

A money rainstorm up, trickle down - don’t piss down my back and tell me it’s raining!

The ruling class has always pissed-on and used workers and “ordinary” people as modern serf’s, wage and debt/interest slaves and cannon fodder to achieve their obscene wealth and power - government has, with few exceptions, always been there to pass laws to shield and/or enable the crimes; a revolving-door partner to the con and theft, but almost never as overt, complicit, and criminal as under the trump regime - and still some remain silent - silence IS complicity!.

"In the end we will remember not the words of our enemies, but the silence of our friends"
Martin Luther King Jr


#14

Trump and the Trumpikans in congress are all about class warfare and their rich donors winning. This is the government of the rich, by the rich and for the rich. The government of the corporations, by the corporations and for the corporations. Then how do you feel reading about the nauseating tax breaks the Republicans just gave the rich and finding out that Trump himself made over one billion dollars in the deal? Or how do you feel about Trump’s cabinet being comprised of millionaires and billionaires? This isn’t Abraham Lincoln’s party of the people, by the people and for the people.


#15

You have to remember that the tax cuts Trump is giving to the rich will mean tax cuts he will personally enjoy also. The Trump White House is a government of, by and for the rich. His cabinet is the wealthiest cabinet in history.


#16

The workers get crumbs ? Are you sure it’s not just the chaff from the corn, the husks, they’re getting. Reminds me of the initial fate of the Prodigal Son. 'Cep it’s the good sons that are having to eat the husks of the pig’s fodder, while the prodigal ones are making free with the good son’s inheritance, as well as his own !

PS : I should own up that this inversion of the Parable of the Prodigal Son is for illustrative purposes only. I actually prefer the former Prodigal Son. His brother sounds kind of whiny and petulant.

Where’s Karl, Leon ‘n’ Fidel when you need 'em, that’s what I wanna know !?! Oh. all right. Bernie’ll do, at a pinch.