The following article by Jack Metzgar is cross-posted from Working-Class Perspectives:
When Trump Republicans passed the historically unpopular Tax Cuts and Jobs Act, they continued a 3-decades long GOP effort to reshape the tax code in ways that are hard to reverse. Relying on what political scientists call path dependency, Republicans have steadily moved us toward a tax system that increases inequality and that makes it harder and harder to sustain most of what the federal government does to fulfill its Constitutional responsibility to “promote the general welfare.” What they have done would be more appropriately titled the Consolidating the Oligarchy Act.
Republicans are betting that a reasonably strong economy and a series of small tax cuts for almost everybody in 2018 will make them more popular going into this year’s mid-term elections. If Democrats want to win this fall, they cannot be satisfied to merely attack the GOP’s “tax reform,” the vast majority of whose benefits go to corporations and the top 1% to 5% . They need their own bold tax fairness plan that frankly taxes the rich to pay for a wide variety of government activities that majorities of the public firmly desire – everything from a long-term modernizing infrastructure program and increased funding for education and veterans to deficit reduction and real lower-income and middle-class tax cuts. Such a program would be wildly popular (see recent Gallup and Pew surveys), with the potential to win back millions of white-working-class swing voters as well as to regain huge margins and turnout among working-class people of color.
Simply removing the tax code’s bias that favors investors over workers, consumers, and home-owners would provide enough revenue ($300 to $500 billion a year) for a progressive government to really make a difference in working people’s lives and prospects. And unless we do that, the government will increasingly lack the resources to address any of our problems that cost money to solve, which is almost all of them. What’s more, systematically advocating how to unrig the tax code would provide Democrats a rich opportunity to reveal how American oligarchs have been buying and renting our government to suit their purposes – especially when contrasted with the Trump GOP’s hypocritical insistence that what they have done is a “middle-class tax cut.”