GOP passes massive tax break for millionaires (well, folks with 10 millions) and billionaires. Does not Pay for It

The final tally was 240 to 179, with nearly every GOP lawmaker voting for it and nearly every Democrat voting against it.

When describing Republican tax proposals, it’s not uncommon to talk about policies that disproportionately benefit the very wealthy. GOP proponents will say a bill benefits all taxpayers, but they’ll brush past the fact that the rich benefit most. This, however, is altogether different – today’s bill, called the “Death Tax Repeal Act,” quite literally benefits multi-millionaires and billionaires exclusively.

It’s not an exaggeration to say House Republicans, en masse, voted for a $269 billion giveaway to the top 0.2%. Under the plan, GOP lawmakers, who occasionally pretend to care about “fiscal responsibility,” would simply add the entire $269 billion cost to the deficit, leaving future generations to pay for a massive tax break for the hyper-wealthy.

Wait, it gets worse.

via GOP passes massive tax break for millionaires, billionaires | MSNBC.

Perhaps the most galling, and blatantly hypocritical, aspect of this situation is how blatant and galling it is.

You have GOP folks out there *campaigning* on the issue of income inequality…but they are saying the exact opposite of what the GOP is actually doing.

I mean…this is such a blatant and obvious payback to the GOP’s (small number of) extremely wealthy (and old) donors.

You have this party funded by like 40 billionaires in their 80’s….OF COURSE THEY ARE GOING TO PUSH THIS CRAP.

What’s really confounding is how anyone who isn’t an 80-year old billionaire supports this crap.

That’s the strange part, to me.

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