About 2 hours ago, Sen. John McCain announced that he’ll vote for the GOP tax bill. That pretty much guarantees the bill’s passage. In a statement, Sen. McCain said “After careful thought and consideration, I have decided to support the Senate tax reform bill. I believe this legislation, though far from perfect, would enhance American competitiveness, boost the economy, and provide long-overdue tax relief for middle-class families.”
It appears as though the only question left is whether any Democrats will vote for the bill. All day yesterday and thus far this morning, House Democrats have waged a furious Twitter war using #GOPTaxScam as their hashtag. This Pelosi tweet is typical. It says “Republicans will do anything to obscure the devastating impact their #GOPTaxScam will have on middle class families nationwide.”
It’s impossible to take Ms. Pelosi seriously. That tweet (and others like it) have a whiff of desperation to them. Sane people don’t think that the GOP tax cuts will hurt the middle class. Unfortunately, Democrats have deployed their fear-mongering tactics so long that that’s all they know. Check out Jeff Merkley’s tweet:
Headed to the floor to vote on whether or not to move forward with the most egregious bank heist in American history. My vote? No way. We don’t need a political system or an economy that is even more rigged for the privileged and powerful than it already is. Stop the #GOPTaxScam.
Remember that Merkley voted for all of the Obama budgets that produced the weakest recovery since the Great Depression. Today’s Democratic Party doesn’t have any credibility when it comes to the economy. That’s because most of them have gulped too much of the socialist Kool-Aid.
UPDATE: The Dow roared past 24,000 today, at one point gaining 315 points. This is mostly attributed to the Tax Bill passing the Senate this week:
“This tax-reform bill is not just about” potentially lowering taxes said JJ Kinahan, chief market strategist at TD Ameritrade. “It’s also a psychological factor that Congress can get something done. That would be a positive.”
Sen. John McCain said Thursday he would support the bill, making it more likely that the GOP-led Senate will pass its bill. The Senate is expected to vote later on Thursday. If the upper chamber’s bill passes, the House and Senate would have to work on a new bill they can send to President Donald Trump.
This makes it official: