In a heated exchange on Saturday between MSNBC’s Ali Velshi and national Republican consultant Katon Dawson, Velshi tore apart every single pro-GOP tax bill talking point.
At one point during the back-and-forth, the MSNBC anchor asked Dawson why he supports a tax plan that slashes rates for “the one group who actually doesn’t need a hand right now.”
Video:
MSNBC’s Ali Velshi Shreds Every Single GOP Tax Bill Talking Point #AMJoy pic.twitter.com/1nQ75JeD2Q
— Sean Colarossi (@SeanColarossi) December 23, 2017
Velshi shot down talking point after talking point:
VELSHI: Most of the debt under George W. Bush was from war, so let’s forget this entitlement nonsense. It’s not from that. Most of the debt under President Obama was because we had the biggest recession since the Great Depression, we had a stimulus bill, and we were giving economic aid to people. This will be, for the first time in a very long time, tax cut for the rich financed deficit. Tell me why that ever has to happen? Why do we have to cut social programs and increase the deficit to give people who already had the greatest share of the economy in the country more money? And the worst part about it is the corporate tax cuts. Corporations are swimming in money. Stocks are up 18% this year. They’re at record highs. Profitability is high. Money is free. Interest rates are low. We are financing through the deficit a tax cut to the one sector of society that absolutely didn’t need it.
DAWSON: We’re talking about corporations. S-corps and c-corps. And we’ll start talking about people, employees working for those corporations. Those tax cuts and the incentives to grow your business, whether a small business or a large corporation, has employees, has citizens there. Those are voters.
VELSHI: They’ve got more money, more profitability, lower interest capital, free capital, $4 trillion that the president likes to say sitting overseas. Like they’re just the one group that actually doesn’t need a hand right now.
Republicans are hoping their hollow talking points in favor of this massive and unpopular tax giveaway will eventually break through, but the more we learn about what’s in their scam, the more Americans will see that it was a Christmas present for GOP donors and the megarich.
It was one thing to argue in favor of trickle-down economics – giving massive amounts of the money to the rich on the empty promise that it will shower down on the rest of us – decades ago. But the country has seen that policy in action long enough to know that it’s nothing but a scam.
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