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One dollar income earner New York you can be paying more taxes , a single file or if you make and $75,000 in Los Angeles. For example , they ran the numbers and it’s doubled the itemized deductions for a single household periods , it’s increased the number for child deductions that Marco Rubio insisted on . So you’re probably gonna save about .
The $500 if you’re making a single file an LA at 75,000 we squander the Tax Institute. So I think there’s enough there , I mean , the bottom line . Right now the media’s been fundamentally negative to it , and the question from my view for the Republicans , as they should not just be selling their tax cuts . What they need to do is then go out and sell their economic message more manufacturing jobs around the country more economic development , because if people have jobs . They’re making money and the working . I think that this issue will work its way through . If the economy , stalls the stock market crashes Republicans are in really big trouble because okay we gave money to all these companies where the jobs . Where’s the income where the increases and you know payments to people’s paycheck .
Where John was Sean Walsh Republican political analyst Carolina held monarchical College associate Professor of politics and author of protest politics in the marketplace , consumer-activism in the corporate age. We’re talking about the political response to the passage of the Republican tax bill who will benefit in the coming elections . Not just the 2018 midterms but the presidential elections . Of course coming up beyond that as well will continue with our guests and you can post your comments on the air talk page.org . A reminder , we’ll have the democratic news conference portions of that respond to the bill coming up in about an hour and president Trump will speak in the noon hour you’re here at life on KP PCC back in one minute .
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LAPD Chief Charlie Beck with us in just a few minutes on their talk right here on 89.3 we’re talking about the GOP tax bill , which passed within the past half hour House of Representatives had to do a revote after passing it yesterday because of a parliamentary glitch to make sure it is totally conformed to what the Senate passed late last night the question is what is going to be the political fallout of passage Sean Walsh Republican analysts saying the proofs going to be in people’s taxes and if Republicans are able to deliver on middle class tax cut , that’s going to be to the party’s benefit if they see the economy growing and jobs created as a result of this that benefit will a Groot accrue to Republicans Carolina Hellman Professor Murdoch in college says even if the tax bill doesn’t help middle class Americans. They’re probably not going to focus on that realize it doesn’t necessarily benefit Democrats , even if the bill is a dud , we’re at 866893 PCC or the air talk page Katie’s CC a dire Oregon writes on the page . If the bill is as big a disastrous Professor held claims and Schumer too then you’d expect to see them jumping for joy . The GOP did something so politically stupid forget the economics of it . Tony Wright on the page with CNN . The New York Times at all whine incessantly about what’s actually in the bill . No wonder people oppose it . And by the way , there is no change in the number of brackets . Contrary to what was just said you share your comments on the air talk page KP PCC dark or so Sean Walsh , just briefly . How are Republicans going to run on this , how are they going to sell it .
Well , again I think they run out on the broader context of economic growth. As we discussed on the show before arising boat floats all ties and I know that offense Amir listeners who don’t believe in that kind of economics but the belief is that if there is more money available . Companies are more stable and financially healthy . They are going to take the risks to buying new factory equipment , new machinery hiring new employees and expanding jobs and if we continue on the other economic growth items that we have a better , more efficient infrastructure cheaper energy costs , whether that’s for wind solar or you know , fracking and natural gas that we don’t become more competitive . We manufacture more here . So the Republicans really are betting their political futures on the fact that we will grow the economy and the American public will be happy that the economy is growing . They have jobs , and they have more money in their bank accounts . And so that’s what they’re betting their political future on .
Are they also gonna run on repealing the individual mandate of the ACA.
You know I don’t know where I think the bottom line is this such a buzz saw with a number of members of the Republican caucuses in states like Maine and New Hampshire and Arizona. I just think that that’s Dave Bing Crestor ship on that rocks way too many times . So they were able to get a unified Republican caucus to vote for this now to go back to BAC I think is a big mistake . I think what the public and should do is take pieces of it they wanna reform and do it that way and and do that over 2 , 3 , 4-year period , but a good try to repeal the whole thing is I think a big , big political mistake .
John T Walsh with us in North Hill says sadly it appears people don’t vote their pocketbooks Bibby Steve writes on the page , the elections will be impacted more by the economy , and other factors including Mueller’s investigation if George W Bush’s administration Zinni indicator , the negative impact on the economy will take a couple of years. A Professor Carolina helmsman Occidental College what’s gonna be the messaging of Democratic candidates to move beyond the base to attract middle class voters who might be wavering teetering away from Trump and and that wing of the GOP .
Well , I think they will Democrats will definitely try to draw a link between what is happening in people’s lives , economically and the tax plan but your callers absolutely right that it takes the lag effect on this and will likely mean it won’t affect the 2018 election. And also , this is not the aspect that is going to affect people . So this is the , there’s a one-2 punch here right though the first punch is cutting revenue . The second punch is there will be cuts in social service programs Social Security and Medicare . Because as much as we want to believe in trickle-down economics . That was actually debunked in the 1980s and it when Ronald Reagan tripled the debt . And so , what will happen next is we will see some major cuts to programs . This is just the precursor and those cuts will have a negative effect on Republicans almost immediately because it will be felt in terms of people’s lived experiences .
I wanna thank you both as always for being with us. Professor held men . Thank you so much , associate Professor of politics at our Occidental College Caroline held and Sean T Walsh Wilson Walsh consulting San Francisco Republican political analyst joining us again you can share your comments much more coverage to come in the second hour really get a couple see BA’s with me . We’re gonna talk about what this is going to mean for actual tax filings of Californians that’s gonna come up in the second hour of a reminder also we’re gonna hear from leading Democrats . You know our second hour they’re holding a news conference in DC , we’ll hear what they have to say , and the president will be speaking in the noon hour we’ll have that for you live as well right here on 89.3 back with chief back in a moment .
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LAPD Chief Charlie Beck is with us for a monthly air talk visit an opportunity for you to ask top law enforcement official about any larger trends in law enforcement or with LAPD specific questions were at 866893 TPC C or the , yeah.