David Skaggs: “today the Democratic Study Group released it second report on the real meaning of the Republicans' so-called contract.…”

“today the Democratic Study Group released it second report on the real meaning of the Republicans' so-called contract. The report describes the way the Republican tax bill--the so-called crown jewel of the contract--will result in an enormous giveaway to the wealthy and the biggest corporations of this country, while Republicans give working Americans the back of their hand. Here is an example of the real meaning of this tax bill. A family with total income under $75,000 will get an average tax break of about $36 a month. On the other hand, for those making over $200,000 a year, the average tax break will be almost a thousand dollars a month. Welcome to tax relief, Republican-style: another massive relief program for the wealthy, a pittance for working Americans, while exploding the deficit. Anybody nostalgic for 1981? The last time they tried this, David Stockman, President Reagan's budget director, later admitted that all of this was 'a Trojan horse to bring down the top rate for the wealthy.' There they go again.”