Watch Bernie Sanders and Elizabeth Warren team up to explain "crap" GOP tax bill

Watch Bernie Sanders and Elizabeth Warren team up to explain “crap” GOP tax bill

Popular Senators Release Video Slamming Republican Tax Plan

Republicans unveiled their tax plan today and the opposition to the proposal has already proven to be rather fierce. Even some Republicans have come out against the bill as it is now. And, unsurprisingly, Senators Elizabeth Warren and Bernie Sanders have come out to blast the massive giveaway to the rich.

The popular Senators teamed up in a brief video to explain how the bill cuts needed programs while giving plenty to wealthy Republican donors like the Koch brothers. After some lighthearted joking about what they would call each other, they got to it. (Video below)

WARREN: So right now, the Republicans are planning to rain about $2 trillion in tax giveaways down on these giant corporations.

Warren points out big banks stand to gain mightily from the cuts and Wells Fargo, a frequent target of Warren’s, appears to be the biggest beneficiary. Bloomberg estimated Wells Fargo to gain nearly $2 billion per year from the proposal. This reward would come after multiple scandals have been uncovered in which Wells Fargo improperly used customers’ information.

Related: Bernie Sanders shreds Ted Cruz lies in tax debate

Then Sanders lists off the programs potentially affected by the cuts.

SANDERS: [If] you ask people, “Do you think it’s a good idea to cut Medicaid by a trillion dollars, cut Medicare, cut education, cut environmental protection in order to give $1.9 trillion in tax breaks to the wealthiest people in this country?”…

It’s not only that it makes the rich richer at a time of massive income and wealth inequality,…it fulfills the Koch Brothers’ agenda. Their agenda is to basically end every federal program, whether it’s Social Security, Medicaid, public education. They’re after privatizing virtually every public program that helps working families in order to make the very, very rich richer.

Bernie Sanders also issued a statement bashing the notion the cuts would create jobs by slashing “taxes for companies that are shifting American jobs to China and profits to the Cayman Islands.”

Democrats were not alone in bashing the plan. A number of Republicans essentially stated the bill is unacceptable for a variety of reasons. Republican Senator Marco Rubio took to Twitter to say the bill doesn’t do enough to help “working families”.

Republican Senator Jeff Flake, who recently announced his retirement with a scathing rebuke of the president, spoke on the Senate floor and stated the bill does not seriously address the debt.

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Senator Bob Corker, who very publicly feuded with Donald Trump recently, reportedly has misgivings about the long-term effects as well.

Republicans in New York and New Jersey also expressed concern about the changes to state and local tax deductions.

The National Federation of Independent Business put out a statement opposing the bill in it’s “current form”. The group spent nearly $750,000 on the 2016 election cycle with virtually all of their contributions going to Republicans, according to the Center for Responsive Politics.

Related: Unbelievably Stupid: Fox News anchor wonders why poor people would want to be healthy

It’s apparent this tax plan has a long way to go and a lot of hurdles to clear. And the usual tricks will not work in convincing people to support things like a repeal of the estate tax, which would reportedly net billions of dollars for Trump’s cabinet and hundreds of millions for his family. Only time will tell if this unpopular bill meets the same fate as the GOP’s unpopular attempts at repealing and replacing Obamacare.

Featured image via Twitter

A very happy stay-at-home dad with a Master’s in Poly Sci which qualifies him for asking an endless number of questions on issues and having no answers.

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A very happy stay-at-home dad with a Master’s in Poly Sci which qualifies him for asking an endless number of questions on issues and having no answers.

ReverbPress Mobile Apps ReverbPress iOS App ReverbPress Android App ReverbPress App