House Republicans introduced the Tax Cuts and Jobs Act on Thursday. Speaker Paul Ryan said the new plan for tax reform would allow the U.S. to better “compete with the rest of the world.”
The goal is to move the bill quickly through Congress; however, Senate Republicans are expected to introduce their own version of tax reform next week.
Listen to this clip from today's show to get the bad news about the bill in less than 4 minutes:
Clock’s ticking …
After 10 months in power, what have Republicans accomplished besides confirming one Supreme Court nominee? After failing to keep their promise to repeal Obamacare, House Republicans have introduced a tax reform bill in a desperate attempt to get something done before the end of the year – whether or not their tax plan helps Americans.
“Will we ever see a truly innovative tax plan in America?” Glenn asked. “No. As long as the Republicans are the party in power, nope.”
On the other hand, Democrats would revolutionize America’s tax system, simplifying it so the socialist government gets everything. A bad Republican bill is better than communism, but is it really the best we can do?