Despite another year of record tax revenue, Congress is still unclear about tax cuts and when we will see them!
With tax revenue this high, why is Congress seeming to slow-walk tax cuts? According to CNS News,
The U.S. Treasury hauled in a record of approximately $1,084,840,000,000 in tax revenues in the first four months of fiscal 2017 (Oct. 1, 2016 through Jan. 31, 2017), according to the Monthly Treasury Statement released today.
That is up about $5,616,000,000 in constant 2016 dollars from the approximately $1,079,224,000,000 in constant 2016 dollars that the Treasury collected in the first four months of fiscal 2016.
Yet despite this deluge of tax revenue, Congress seems to be downplaying Trump’s promise to reduce taxes. I’ve already complained about this, but this interview on Fox Business reminded me that it is an ongoing problem:
The Republicans have had years to think about this opportunity and to plan for it. What is making this so difficult?
Liberal Fox analyst Juan Wiliams writes at The Hill that many conservatives are tired of waiting:
The big news for the GOP majority on Capitol Hill last week came as a tweet — and it was not from President Trump.
Matt Drudge, the proprietor of The Drudge Report, the conservative website which played a leading role in the rise of the new president, raised eyebrows with this note:
“Republican Party should be sued for fraud. No discussion of tax cuts now. Just lots of crazy. Back to basics, guys!”
Later he pointed to the inability of the Trump White House to immediately dismantle President Obama’s Affordable Care Act, asking “meanwhile, is Obamacare penalty tax still in place?”
Drudge’s scolding was amplified by another leading voice in the successful Republican takeover of Congress, my Fox News colleague Sean Hannity.
Hannity called the Republicans in Congress “spineless, gutless, timid politicians.” He lambasted them for failing to keep their promise to kill off ObamaCare. During campaign season, Republicans — and their sirens in the media — demonized ObamaCare to win the votes that enabled the GOP to maintain its majorities in the House and Senate. The strategy also helped Trump win control of the White House.
Hannity and Drudge are among the loudest — if not the most powerful — voices speaking to the hard right base. Their unforgiving attacks on Obama, Democrats and the old-school Republican establishment stirred the populist resentments that shaped today’s Congress.
So, the speed with which these conservative media titans have turned on their creations — the politicians they helped put in power at the Capitol and White House — is a sign of the deep divisions already splitting the ruling Republican majority in Washington.
I dislike Juan Willliams’ perspective and tone, but he’s right that we’re not seeing action. When Barack Obama won office from voters, he gave them Obamacare. He didn’t delay his promise and the Democrats did not wait for Republicans to join him. They passed the disastrous law and have been promoting it as it led from disaster to disaster.
Why do Democrat voters get to elect fighters but Republican voters only get to elect cowards?
In my opinion, there isn’t so much “deep divisions already splitting the ruling Republican majority in Washington.” The real dividing line is between the Washington ruling class and the rest of us who had to vote for them because it was the best we could do.
We really need another wave of Tea Party patriots to rebel in 2018—against status quo statist Republicans!