Congressional Republicans swear the tax bill they plan to vote on soon will benefit everyone in the country, especially the middle class, but anyone who’s looked at the legislation for more than 5 minutes knows that’s a crock of bull.
One of those who wasn’t buying what the GOP was selling is Fox Business host Trish Regan, who started her commentary on the bill — which is being called a “tax scam” by opponents — by noting:
“It’s great for corporations, and there’s nothing wrong with that,” she said. “And it’s also great for a lot of fat cat private equity investors and there is something wrong with that.”
Regan then said that Blackstone Group CEO Stephen Scharzman, who makes in excess $400 million a year, will be in a lower tax bracket than a New York City cop if the bill becomes law:
“It’s because he calls his income investment. The president promised to fix this, remember?
“Those private equity fat cats get away with paying investment taxes instead of income taxes and that is just wrong. So why doesn’t anyone care?”
After showing a video clip of Treasury Secretary Steven Mnuchin saying the investment tax reduction wouldn’t amount to “that much money,” Regan replied:
“No, it’s not that much money! Who cares about 100 billion dollars? Maybe Steven Mnuchin doesn’t care about 100 billion dollars or his billionaire friends, but, come on. You mean to tell me that special interest lobbyists are so alive and well in Washington that they convinced the entire House and the entire Senate to ignore this inequity?
“I’m beginning to wonder if our country is becoming ungovernable.”
While she was at it, Regan also took aim at Donald Trump’s line about “draining the swamp,” slamming the current climate in Washington, where the GOP controls both houses of Congress and the White House:
“Our founding fathers never ever anticipated a swamp like the one we have today.”
Good work, Republicans! Your tax bill sucks so bad that even Fox Business thinks it’s an abomination.
Featured Image Via Screengrab