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President Donald Trump speaks while flanked by Director of the National Economic Council Larry Kudlow during an event in the State Dining Room of the White House on October 31, 2018 in Washington, D.C. (Photo: Mark Wilson/Getty Images)

'GOP Tax Scam 2.0'? Warnings as Trump Reportedly Pushing Another Round of Tax Cuts Ahead of Presidential Election

"Worked out so well the first time—for the super-wealthy. Not so much for the rest of us. Now they're back for more?"

Jake Johnson

Sparking warnings that the Republican Party is preparing another massive gift for the rich and corporations, the Washington Post reported Thursday that President Donald Trump is "agitating to announce a new tax cut proposal heading into the 2020 election."

According to the Post, the tax cut discussions are being led by National Economic Council director Larry Kudlow, a "Wall Street cheerleader" and fervent believer in the discredited idea of trickle-down economics.

"I would expect this would just be another distraction from the fact that he's about to be impeached."
—Rep. Lloyd Doggett

"The early-stage discussions reflect Trump's desire to refocus the economic narrative amid some signs of a slowing economy," the Post reported.

Fight for $15 tweeted in response to the Post's story that "Trump gave away over a trillion dollars in tax cuts to corporations and billionaires and economic growth slowed to a putter."

"But they're hoping to rob as much as they can from the state coffers while they have the chance," the group tweeted, adding the hashtag #GOPTaxScam 2.0.

Rep. Lloyd Doggett (D-Texas), a member of the Ways and Means Committee, warned that the push for a new round of tax cuts could be a ploy to divert attention from the impeachment process, which is rapidly gaining momentum in the House.

"I would expect this would just be another distraction from the fact that he's about to be impeached," Doggett told the Post.

The Trump administration's latest effort to slash taxes comes as evidence continues to show the GOP's 2017 tax law has not delivered on its stated promises, such as a boost in economic growth, pay raises for workers, deficit reduction, or a surge in business investment.

The law did, however, further enrich wealthy executives and large corporations, an outcome analysts and advocacy groups predicted from the outset.

"It was a scam the first time around," said Sen. Chris Van Hollen (D-Md.). "Why would Trump think American workers would want another round of tax cuts for billionaires?"

Critics echoed Van Hollen on Twitter:

As Trump pushes for more tax cuts ahead of the 2020 election, several Democratic presidential candidates are calling for the complete repeal of the GOP tax law to fund progressive priorities.

Sen. Elizabeth Warren's (D-Mass.) climate plan, unveiled in September, would reverse the GOP tax cuts to help finance the transition to 100 percent renewable energy.

Last month, Sen. Bernie Sanders (I-Vt.) released a sweeping proposal to tackle economic inequality in the U.S. and put more power in the hands of workers. The plan, as Common Dreams reported, calls for rolling back "all of the disastrous corporate tax breaks enacted under Trump, closing corporate tax loopholes, and demanding that large corporations pay their fair share of taxes."


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Harris Says White House Not 'Discussing' Use of Federal Land for Abortion Care

Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez are among the Democratic lawmakers who have expressed support for the idea as GOP-controlled states move to outlaw abortion.

Jake Johnson ·


Abortion Rights Defenders Applaud Judge's Block on Utah 'Trigger Ban'

"Today is a win, but it is only the first step in what will undoubtedly be a long and difficult fight," said one pro-choice advocate.

Brett Wilkins ·


Scores Feared Dead and Wounded as Russian Missiles Hit Ukraine Shopping Center

"People just burned alive," said Ukraine's interior minister, while the head of the Poltava region stated that "it is too early to talk about the final number of the killed."

Brett Wilkins ·


Biodiversity Risks Could Persist for Decades After Global Temperature Peak

One study co-author said the findings "should act as a wake-up call that delaying emissions cuts will mean a temperature overshoot that comes at an astronomical cost to nature and humans that unproven negative emission technologies cannot simply reverse."

Jessica Corbett ·


Amnesty Report Demands Biden Take Action to End Death Penalty

"The world is waiting for the USA to do what almost 100 countries have achieved during this past half-century—total abolition of the death penalty," said the group.

Julia Conley ·

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