The mainstream news media is calling last night's passage of tax reform a significant victory for Republicans and Donald Trump. In all actuality, with all of the difficulties surrounding the passage of the plan, the only thing the passage of this tax bill shows us is Republicans are willing to give the Americans the shaft just to say they have a significant victory.
The victory is hardly significant, it demonstrates once again to the American public that it is politics over the best interests of the nation. Passing this bill, it appears not one member of the United States Senate read what they were passing.
The tax bill contains provisions that are bad for middle class Americans, and it appears the tax bill would increase the deficit. Instead of taking a long-term view passing a plan that truly reforms the tax code, generates revenue, funds Medicare, Medicaid and Social Security, and fairly expands the tax base, the Republicans went for a quick fix. The quickfix was done for the purpose of political convenience, giving Republicans the ability to say:
"’This is a great day for the country, it's been 31 years since we've done comprehensive tax reform,’" [Mitch] McConnell said.”. CBS News
Despite Mitch McConnell's proclamation of what a great day this was for the country, there was one Republican with the courage to vote No. This Republican refuse to vote for plan that would add $1 trillion to the deficit. That Republicans Bob Corker, he stuck by his guns cast a no vote choosing to do the correct thing, not the political thing. Bob Corker knows that “The Senate bill is expected to add more than $1 trillion to the deficit over the next 10 years, according to a Joint Committee on Taxation analysis. Republicans had hoped the bill would pay for itself, and there was some concern late Thursday the bill would be held up for fiscal reasons.” CBS
The bill should have been held up for fiscal reasons, and Bob Corker is the only Republican who realize that the bill should not of been passed when the impact of the legislation is to increase the deficit by $1 trillion.
The bill now heads to conference, where conference committee members will look at the differences between the Senate bill on the house bill. After the differences are resolved, the house and the Senate will vote once more on this tax plan.
Here's hoping that Bob Corker has the courage to vote no once more, because he seems to be the only Republican understands what this tax bill is really doing to the American voter. Moreover, maybe Bob Corker understands we need to take a long view on tax reform passing truly comprehensive tax reform by scrapping the current tax code and replacing it with an entirely new tax code that reduces the deficit to lessen the burdens on everyday Americans.