I could go on and on posting articles from members of the media who are finally waking up to reality, but is it too late?

Even Ezra Klein is writing about impeachment: The case for normalizing impeachment.

In recent months, I have grown obsessed with a seemingly simple question: Does the American political system have a remedy if we elect the wrong person to be president? There are clear answers if we elect a criminal, or if the president falls into a coma. But what if we just make a hiring mistake, as companies do all the time? What if we elect someone who proves himself or herself unfit for office — impulsive, conspiratorial, undisciplined, destructive, cruel?

Meanwhile, Congressional Republicans are in thrall to the cult of “tax cuts” that will remake the entire U.S. economy and way of life. Unfortunately John McCain just announced that he’s voting for tax scam. It looks like we’re completely screwed.

Marco Rubio, quoted at Financial Advisor: Rubio: Offset Tax Cuts By Reducing Social Security, Medicare Benefits.

Tax reform is only one piece of the overall puzzle needed to revitalize the American economy, Sen. Marco Rubio (R-Fla.) told a group of Washington, D.C., lobbyists and policy analysts this morning at a Politico Playbook Interview sponsored by the Financial Services Roundtable. The other part? Reduce the deficit and offset the cost of the reform, which the Congressional Budget Office estimates at $1.3 trillion.

“I analyze this very differently than most,” Rubio told the crowd. “Many argue that you can’t cut taxes because it will drive up the deficit. But we have to do two things. We have to generate economic growth which generates revenue, while reducing spending. That will mean instituting structural changes to Social Security and Medicare for the future,” the senator said.

If lawmakers can act strategically sooner rather than later to come up with some combination of reforms to reduce benefits and raise retirement age, the pain of change and reduced benefits will be greatly mitigated, said the lawmaker who ran for president in 2016 and is once again sounding presidential.

Oh really?

“We don’t need to reduce benefits on current retirees or even near-term retirees, but we can make changes for future generations such as mine, and do so in a way that people can prepare for, so the changes will barely be felt,” Rubio said.

As much as 23 percent of Social Security benefits and 14 percent of Medicaid benefits could disappear by 2034 unless Congress acts, according to a the most recent report from trustees. Without a political fix, future retirees could experience a 23 percent reduction in benefits or a 20 percent increase in payroll taxes to fund the shortfalls, the trustee analysis found.

“Tax reform is the economic component of this equation,” said Rubio, who expressed doubts that there will be a government shutdown. “When more people are working, there are more taxpayers and more revenue, but that alone won’t be enough. You are still going to have a debt problem in the absence of spending cuts.”

The New York Times: It Started as a Tax Cut. Now It Could Change American Life.

The tax plan has been marketed by President Trump and Republican leaders as a straightforward if enormous rebate for the masses, a $1.5 trillion package of cuts to spur hiring and economic growth. But as the bill has been rushed through Congress with scant debate, its far broader ramifications have come into focus, revealing a catchall legislative creation that could reshape major areas of American life, from education to health care.

Some of this re-engineering is straight out of the traditional Republican playbook. Corporate taxes, along with those on wealthy Americans, would be slashed on the presumption that when people in penthouses get relief, the benefits flow down to basement tenements.

Some measures are barely connected to the realm of taxation, such as the lifting of a 1954 ban on political activism by churches and the conferring of a new legal right for fetuses in the House bill — both on the wish list of the evangelical right.

With a potentially far-reaching dimension, elements in both the House and Senate bills could constrain the ability of states and local governments to levy their own taxes, pressuring them to limit spending on health care, education, public transportation and social services. In their longstanding battle to shrink government, Republicans have found in the tax bill a vehicle to broaden the fight beyond Washington.

The result is a behemoth piece of legislation that could widen American economic inequality while diminishing the power of local communities to marshal relief for vulnerable people — especially in high-tax states like California and New York, which, not coincidentally, tend to vote Democratic.

Click on the link to read the rest.

They are doing this without any real analysis of what the disastrous effects will be. The New York Times again: Ahead of Vote, Promised Treasury Analysis of Tax Bill Proves Elusive.

In pitching the $1.5 trillion tax overhaul, Steven Mnuchin, the Treasury secretary, has said repeatedly that the plan will pay for itself through a surge of economic growth and that over 100 people in Treasury are “working around the clock on running scenarios for us.”

Mr. Mnuchin has promised that Treasury will release its analysis in full. Yet, just one day before the full Senate prepares to vote on a sweeping tax rewrite, the administration has yet to produce the type of economic analysis that it is citing as a reason to pass the tax cut.

Those inside Treasury’s Office of Tax Policy, which Mr. Mnuchin has credited with running the models, say they have been largely shut out of the process and are not working on the type of detailed analysis that he has mentioned. An economist at the Office of Tax Analysis, who spoke on the condition of anonymity so as not to jeopardize his job, said Treasury had not released a “dynamic” analysis showing that the tax plan would be paid for with economic growth because one did not exist.

Instead of conducting full analyses of tax proposals, staff members have been running numbers on individual provisions or policy ideas, like lowering the tax rate on so-called pass-through businesses and figuring out how many family farms would benefit from the repeal of the estate tax. Activity has picked up more recently as Treasury has sought to provide technical assistance to the Joint Committee on Taxation and the Congressional Budget Office for their estimates. They are developing ways to measure business downtime cost and you can click here https://www.pagerduty.com/blog/cost-downtime/ to see the technology

 

There is simply no analysis that could make this bill look like anything but a giant monstrosity designed to take money from the middle and working classes and had it over to a few rich people like Donald Trump and his pals.

Finally, from the NYT Editorial Board: The Senate Is Rushing to Pass Its Tax Bill Because It Stinks.

The Senate tax bill, a 515-page mammoth, was introduced just last week, and the chamber could vote on it as soon as Thursday. This is not how lawmakers are supposed to pass enormous pieces of legislation. It took several years to put together the last serious tax bill, passed in 1986. Congress and the Reagan administration worked across party lines, produced numerous drafts, held many hearings and struck countless compromises. This time it’s not about true reform but about speed and bowling over the opposition in hopes of claiming a partisan victory. The country ought to be dismayed by the way senators like Bob Corker, Susan Collins and Ron Johnson appear to be backing away from their principled objections based on half-measures promised by President Trump and the majority leader, Mitch McConnell, that will not address its big flaws.

This rush to the Senate floor has been orchestrated by Mr. McConnell, following the same playbook he used in the failed effort to repeal the Affordable Care Act. The longer people have to study the details, the less likely the bill is to pass. People should know by now about the big stuff: the giant permanent corporate tax-rate cut, the small and temporary tax cuts for the middle class, the repeal of the A.C.A.’s individual mandate and the $1.4 trillion added to the federal deficit over 10 years. But other provisions are not as well understood and deserve to be called ou

Please go read the whole thing.

I really worked myself into a frenzy today just reading these articles. I’m going to have to relax for awhile and take some deep breaths. What stories are you following today?