Protesters sing carols of concern for GOP tax plan

Protesters sing carols of concern for GOP tax plan

It’s slated to be the biggest tax-code re-write in decades. The House and Senate have both passed their version of the GOP tax bill, and now both are working out their differences to draft a final bill.

Nothing is final yet but protesters around the country are already weighing in and asking Republicans to go back to the drawing board.

Outside Spokane City Hall Monday evening, a small group of protesters in the form of Christmas carolers sang a familiar tune – only less merry and bright. “We wish for a better tax bill, we wish for a better tax bill, we wish for a better tax bill and protected healthcare,” protesters sang.

“We are just here to draw attention to what we see is the harms that this bill will do,” said Stephanie Jamison, who organized the protest.

That bill has to be reconciled between the House and Senate before anything is decided. While the two versions have their differences, both would ultimately lower the corporate tax rate from 35 to 20 percent. Protesters outside City Hall said they are not buying into the “trickle down economics” theory Republicans are pushing.

“We’re supposed to believe that this tax cut for the rich and corporations will be reinvested and create new jobs,” Jamison said.

The Senate’s plan would add nearly $1.5 trillion to the national deficit over the next 10 years – some fear the poorest Americans would pick up the tab.

“I’m worried that they [Republicans] will have to come after Medicare and Medicaid, Social Security in order to fund this tax cut for the rich,” Jamison said.

But putting politics aside, how does the proposed law impact the average American family? Certified Public Accountant Mike Patrick said most of us should not expect a big check in the mail.

“Most Americans, especially in Spokane, are going to see little or no affect. The tax rate in future years could go up for those people, but the people who are going to get the major cost savings are going to be the wealthy,” Patrick said.

That’s exactly what these protesters are upset about.

“I think the best option is to kill the bill,” Jamison said.

At this point, that will likely take a Christmas miracle. O nce the House and Senate agree on one piece of legislation, it will be sent to the president who will sign it in to law. President Trump recently tweeted he’s confident that will happen by Christmas.