GOP shoving through costly tax bill

Congressional Republicans are jamming their tax-cut scheme forward without concern about its destruction to our economy. It will accelerate the concentration of wealth to a few super-richies who finance election campaigns while the rest of us must pay for it with reduced government services and an additional $1.5 trillion of debt.

Non-partisan economic analyses by the Joint Committee on Taxation, the Congressional Budget Office, the Tax Policy Center, the Penn Wharton Budget Model and hundreds of economists agree that the hoped-for economic stimulus will not cover the debt. Republicans cite only one study, by the partisan Tax Foundation, that projects 2.9 percent economic growth over 10 years to pay for tax cuts. That has never happened with previous cuts. Moreover, the Federal Reserve's policy is to raise interest rates when growth exceeds 2 percent to avoid hyper-inflation.

Corporations, already flush, haven't invested in many new jobs. Giving them additional money through tax breaks won't increase their investment, it will only make the rich guys richer.

Republicans are trying to shove this destructive law down our throats, or up the other end of our alimentary canals, before it is finally written, before reading it, before analyzing it, and before considering public opinion. Republicans are not representing their voters. They are weakening the strength of our economy.

Bruce Joffe Piedmont, California