Donald Trump’s tax plan is exactly what you’d expect from a Republican: A bunch of massive tax cuts for the rich that are going to add trillions to our deficit, which the party claims will be “paid for by way of massive economic growth.” That shouldn’t surprise anyone considering that’s the same con they’ve been selling the American people for the past 40 years.
It’s classic trickle-down economics. The idea that the best way to help the poor and middle class is by giving more money to the rich.
We already know how this works. The GOP will pass huge tax cuts for the rich; deficits will soar; the national debt will increase by trillions; the economy will crash; millions of people will lose work; they’ll blame it all on the next Democrat elected president; then they’ll claim that the only way to save the economy is by, you guessed it, more tax cuts. It’s still amazes me that, over 40 years later, there are still millions of Americans buying into this ridiculous scam.
Well, recently Rep. Andy Harris (R-MD) did an interview with MSNBC’s Ali Velshi where he tried defending Trump’s tax cuts by lying about the Canadian economy.
“Canada dropped corporate taxes to 15 percent,” Velshi stated. “It didn’t unleash economic growth at that level.”
“The problem is that Canada is a much more socialistic country,” Harris responded. “So, if you don’t control spending at the same time, you’re not going to see that benefit. But we just don’t have the same political environment that Canada has. And that’s why Canada probably didn’t succeed in that.”
“Canada’s never had the reputation of being a growth powerhouse in the world for the economy,” he added. “And we have. And we can restore that, again, through these corporate tax reductions and pass through entity tax reductions that the president is talking about.”
Unfortunately for Harris, Velshi’s Canadian, and quickly made the Maryland representative look foolish.
“Actually Canada’s growth exceeded that of the United States on a GDP basis for many years,” Velshi quipped. “In fact, quite recently.”
While it’s gone back and forth some, Velshi is correct that Canada’s economy has performed better than ours in some years. So it’s rather silly for Harris to act as if their economy isn’t strong or that the two nations aren’t comparable, at least in some ways, economically.
Especially considering, unlike the United States, Canadians have universal health care and, on average, live longer than Americans — just thought I’d throw that out there.
The point Velshi was making was that his home country dropped corporate taxes to the level Trump wants and Canada didn’t see some massive uptick in economic growth.
Let’s face it, if tax cuts truly created economic prosperity and reduced deficits, then we wouldn’t be nearly $20 trillion in debt and the 2008 Great Recession never happens. When George W. Bush passed his tax cuts, Republicans promised the American people amazing economic growth and that the national debt would be paid off in around a decade. Instead, our debt nearly doubled and we experienced the worst economic crash since the Great Depression.
But even before Bush’s tax cuts the United States was operating under some of the lowest taxes we’ve had in decades. Yet all we’ve seen since the dawn of trickle-down economics is the rich get richer, while the rest of the country falls further and further behind.
Hopefully we’ll keep seeing people like Ali Velshi continue this trend of the mainstream media calling out Donald Trump and the Republican Party’s lies as they happen on-air. The days of sitting back and letting them spout their propaganda for the sake of “appearing impartial” are long gone.
It’s time we make it clear that facts aren’t “liberally biased” just because millions of conservatives don’t want to believe in them.
Watch the interview below via MSNBC: