Most Republicans Have Electoral Amnesia About Their Tax Bill—But Not the Rich Ones

The Republican tax cut may not be very popular with all the working schmoes who were conned into supporting it, but it sure is popular with zillionaires. And they’re planning to say “Thanks!” this election season:

Billionaires and corporations that reaped millions of dollars in tax cuts are pumping some of that windfall into the Congressional Leadership Fund, a “super PAC” closely aligned with Speaker Paul D. Ryan….The fund’s donors include the casino magnate, Sheldon Adelson, who has given $30 million, and whose company, Las Vegas Sands, reported a nearly $700 million windfall from the tax law earlier this year; Timothy Mellon, chairman and majority owner of Pan Am Systems, a privately held collection of companies that includes rail, aviation and marketing services, who has contributed $24 million; Valero Services, a Texas oil refining company that reported a $1.9 billion benefit from tax cuts in the first quarter, and which has given $1.5 million; and a collection of other corporations, executives and financial fund managers.

Needless to say, the Congressional Leadership Fund is not using this money to talk about tax cuts for millionaires. They’re using it to scare the rubes yet again with hordes of illegal immigrants; Nancy Pelosi turning American into a socialist hellhole; crime waves overtaking peaceful towns; Nancy Pelosi; profane black rappers; outsourcing jobs to China; and Nancy Pelosi.

And why not just tout the tax bill that they’re so proud of instead? This is why:

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

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