Did you see the story about a small Montana utility company by the name of Whitefish Energy that got a 300 million dollar contract to help fix Puerto Rico’s electric grid destroyed by Hurricanes Irma and Maria? Although the company is only a couple of people, they happen to be neighbors of Secretary of the Interior Ryan Zinke.
On top of already victimizing Puerto Rico twice (the first being the hurricane disasters and the second the delayed and racist response by the President), it is in the process of being victimized for a third time by graft and corruption uncovered as we speak. The famous Mexican “mordida” has nothing on this level of questionable favors except perhaps for the millions of dollars the Trumps make as a result of the President’s constant stays at his resorts.
No wonder the latest Washington Post/University of Maryland poll shows a deep national pessimism as 7 in 10 Americans do not trust political leaders and feel that the Trump administration is dysfunctional. A good example of the kind of things that make the public distrust the political conglomerate in Washington is the plan tax cuts.
It turns out that it is not about doing something to better the living conditions of the country; rather it is about getting a Republican win that can be an advantage in the midterm elections. The fact that the proposed legislation is designed to award 80 percent of the tax cut benefits to the top 1 percent while trying to sell it as a tax cut for the middle class constitutes a swindle.
The last time that tax reform was successfully attempted was in the Reagan administration. The legislation was the result of bipartisanship tasked to find the best way to help all Americans.
It reflected a genuine effort to take a road to a balance budget and a pay-down of the national debt. The end of the 20th Century saw the realization of that vision as the country entered a new and promising future.
No sooner did we entered into the 21st Century than the itch for a tax cut ruined the stability in our budget and national debt. The hard work over the years to achieve a balanced budget and a significant reduction of the national debt went by the way side.
9/11 exacerbated the negative budgetary conditions and the military response to the attack on the country and the Great Recession some years later sent the budget and the debt in a completely different direction. The priority at the time was to do everything to put the economy back on track.
The economy has come back as the stock market is experiencing its highest numbers and we can say that the country is virtually at full employment. It is time to take on a new effort to balance the budget and pay down the debt instead of playing politics that benefits many of the same people whose greed almost sent the country into a depression.
The current tax cut proposal is designed to do the opposite as the richest 1 percent will benefit at the expense of the average citizen both in terms of a direct effect on the bottom line as well as the fact that it will increase the deficit by 1.3 trillion dollars in the short term and 3 trillion soon after. The tragic irony is that all of this is being done by the powers in Congress in order to later go to the American people and show them they have done something.