Jonathan P. Baird: Tax avoidance, the Paradise Papers and the GOP game plan

As the Republicans push to pass their tax plan, so much remains unsaid. You have to ask: Why at a time of unprecedented economic inequality are the Republicans promoting a discredited trickle-down scheme that is widely seen as a massive give-away to the rich?

Greed by the super-rich is one immediate answer. The rest of us are being played for suckers.

However, I think there is a deeper context. By using taxes to balloon the federal deficit, Republicans will tie the hands of Democrats for years to come. The Democrats will be forced to address deficit reduction rather than the promotion of bold and popular programs. On the agenda will be shrinking entitlements and greatly reduced federal spending.

If this is a game of field position, the Democrats are getting outfoxed, playing deep in their own territory with little chance of scoring. Republican ball control dominates.

Fundamentally, this tax bill, in either the House

... read more at: http://www.concordmonitor.com/Tax-avoidance-the-Paradise-Papers-and-the-GOP-game-plan-14037419

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