It has been a shocker this week for Republicans completely changing their tunes about the GOP tax plan as Senator Marco Rubio (R-Fla.) and former health secretary, Tom Price, admit the plan will not benefit many average Americans.
Although last summer, Price said the individual mandate “is one of those things that is actually driving up the cost for the American people in terms of coverage,” he did a 180º turn on Tuesday about the requirement that forced most Americans to have health coverage or face a penalty. Price said at the World Health Care Conference in Washington that:
“There are many, and I’m one of them, who believes that that actually will harm the pool in the exchange market, because you’ll likely have individuals who are younger and healthier not participating in that market, and consequently that drives up the cost for other folks within that market.”
How interesting that Price has owned up to the same findings that the CBO had projected in November. Now that Price is out he’s free to see reason?
Similarly, Senator Marco Rubio, who also pushed for the Trump tax plan, is now suddenly seeing the light. Polls are beginning to show that the tax cuts and mystical trickle-down economics that never worked in decades of practice are amazingly – still not working!
Wih the mid-terms coming soon, Republicans like Rubio are left scrambling to confront reality after throwing their corporate donors handouts and signing America up for a national debt increase of $1.9 trillion.
Rubio just praised Trump’s tax plan on April 16 before a group of business leaders. Rubio, with President Donald Trump and local business leaders at a panel discussion at the time, said:
“I want to thank you for fighting for the American worker. And they’ve been beat up and ignored for far too long. Whether it’s taxes, whether it’s jobs sent to other countries, this tax reform is about them.”
Now, just days later, he’s done a 180º turn himself, telling The Economist that Trump’s tax plans help corporations, not U.S. workers.
“There is still a lot of thinking on the right that if big corporations are happy, they’re going to take the money they’re saving and reinvest it in American workers,” he said. “In fact they bought back shares, a few gave out bonuses; there’s no evidence whatsoever that the money’s been massively poured back into the American worker.”
Wouldn’t you know that Rubio has come around to see things similarly to the CBO estimate himself? Not to mention that he suddenly seems aware the GOP tax plan was just a scam, and that trickle-down economics is one big failure that was never meant to help the average American.
In both cases, these revelations come too little, too late. The jig is up: Most Americans aren’t seeing any increase in their paychecks.
Speaker Ryan may have thought that average Americans would be delighted with an increase of $1.50 a week, but as it turns out, both he and the Trump tax plan have been a shoddy deal for average Americans. If only Republicans would have listened to the experts and paid attention to decades of their own failed policies in the first place?
In truth, it looks like they were too busy raking in the cash from special interests, and lost sight of what they were sent to Washington to do in the first place… Represent us.
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Featured image: Screenshot via YouTube Video.