Isakson, Perdue to back GOP tax plan as leaders finalize bill

Georgia U.S. Sens. Johnny Isakson, left, and David Perdue, right, at a Senate Foreign Relations Committee hearing in June 2015. Senate Photography Office

WASHINGTON – Georgia’s two Republican U.S. senators plan to back their party’s tax overhaul when it comes up for a final vote in the hours or days ahead, despite an official analysis that shows the proposal would add $1 trillion to federal deficits even after accounting for economic growth.

Both David Perdue and Johnny Isakson have been viewed as safe “yes” votes for GOP leaders throughout the tax debate, and they signaled they would stick with the plan even after it hit some last-minute snags on Thursday night.

U.S. Sen. David Perdue on Friday downplayed new estimates from Congress’ nonpartisan tax analyst, the Joint Committee on Taxation, that showed the legislation would fall short of paying for itself, as leaders have promised.

“I know it’s a flawed model,” he said of the JCT report. “Having lived abroad and having run these multinational companies I know that what we’ve just done is going to be extremely stimulative for the economy.”

The JCT’s analysis said the GOP tax bill would expand the economy some $458 billion over 10 years but would not cover its full $1.4 trillion price tag. Its estimates caused some of Perdue’s deficit hawk colleagues, including Bob Corker of Tennessee and Jeff Flake of Arizona, to balk on Thursday evening.

Perdue, a former Fortune 500 CEO, has spent his nearly three years in the Senate railing about what he sees as the country’s debt crisis, and he often falls in line with Corker on issues such as the $20 trillion national debt. But on Friday he said many of the assumptions used by the JCT were faulty and that the Senate should still pass the tax bill as written.

“We always have the opportunity to come back and adjust,” he said. “I believe the time is right for regulatory pullback, and that’s what we’ve done… and a revision, finally, after 30 years of our archaic tax code, and that’s what we’re about to do tonight.”

Isakson was also steadfast in his support. The third-term Republican said supporters and opponents of the plan would read what they wanted into various analyses of the tax bill but that to him it was “pro-consumer, pro-middle class, pro-business.”

“Tax debates are funny because whoever’s debating makes the rules,” he said in an interview Thursday. “It’s all in the eyes of the beholder. The fact of the matter is that it’s good for average Americans. It’s good for average Georgians.”

Their comments came as GOP leaders worked feverishly to win back Flake and a handful of other wavering senators, and on Friday afternoon it appeared the road had been cleared for a final vote.

Democrats continued to put up a wall of opposition. On Thursday and Friday they pointed to the JCT analysis as proof that the GOP’s effort was ill-advised.

“The independent referee has essentially contradicted the unicorn, magic growth fairy analyses,” U.S. Sen. Ron Wyden of Oregon, the top Democrat on the tax-writing Finance Committee, told reporters Thursday.

Reader Comments 0

41 comments
Despondent
Despondent

These two cowards lack any conservative principles. Rushing to vote to increase the deficit in the middle of the night, without even hearing from their constituents. Their offices would not pick up the phone, and Isakson's office did not even check their mailbox so they could block new messages.

Any actual conservative running for any position in Georgia should make it clear that they will not be in the same party as these miscreants.

HELLNOMARTA
HELLNOMARTA

@Despondent I watched Perdue sitting in the senate president's seat. There were debates going on an that schmuck was blatantly ignoring them flipping through the newspaper. 

Shar1
Shar1

These two pigs won't face the the voters, won't hold town hall, won't even give local interviews.  They're both millionaires and will reap huge amounts of money from this, both in the savings for themselves they've written in and from selling us all out to rich donors.  Perdue "worried about deficits"?  Isakson 'devoted to the welfare of Georgians'?  They're so corrupted and morally withered that they're panting to vote to financially victimize middle and lower income Georgians and take healthcare away from 13 million of our fellow Americans.  They are literally willing for those of us who are not filthy rich to get sick, go bankrupt and die as long as they make more money, get more power.

They can't cite one single element that is positive.  Not one fact, not one provision, nothing but the lies of the blithering idiot Isakson spouting really insane garbage like " tax debates are funny because whoever's debating makes the rules" or that spineless liar Perdue "We always have the opportunity to come back and adjust".  they sound as crazy as the maniac in the White House that they are blindly, cravenly supporting.


Utterly sickening, criminal and perverse.  They should both be recalled and sued for failure to provide honest public service.

Retired/Soldier
Retired/Soldier

@Shar1 Since you are "all knowing", please give us three examples of how this will enrich David and Johnny. Just three, we are waiting.

TrueFan1.0
TrueFan1.0

@Shar1 hundreds of thousands voted for them...... you dont like them.....well, get out the vote you moron

Shar1
Shar1

@Retired/Soldier @Shar1 "My donors said to get this done or not call anymore".  Chris Collins, REPUBLICAN, admitted to the press that this was all about getting more bribes for the GOP who voted for this abomination.  Want more?  Abolishing the estate tax, which will benefit Perdue and Isakson's heirs in the millions of dollars.  And retention of pass through and hedge fund loopholes, not to mention lowering top rates and lowering corporate rates, both of which will put money in their pockets.  Perdue has money, lots of it, offshore, and the "forgiveness" will save him more millions in repatriation.  There's more.

These people are foul lying garbage.  They know perfectly well that "trickle down" is an absolute lie and has been proven over and over not to happen.  Rich people and stockholders keep ever penny - that's why so few CEOs raised their hands when Mnuchin asked how many would invest in new jobs with  the tax cut windfalls.  Isakson would have been dead by now without taxpayer funded healthcare, but he and Perdue have happily voted to take it away from 13 million Americans, along with deductions for medical devices, even as they invent new exemptions for private school tuition and private jet maintenance.


 They don't even know what they voted for in the final bill in those sly midnight hours.  They just voted as the GOP told them to do.  They won't face the voters, don't take phone calls from anyone but donors - big donors - and won't crawl out of their protected offices in Washington to see and hear what this will actually do to the voters who put them there.


Vlle, abhorrent scum.

Retired/Soldier
Retired/Soldier

@Shar1 @Retired/Soldier A lot to digest there.

1. How does the tax bill take health care away from 13 million?

2. The estate tax won't touch me, but the accumulation of wealth has been already taxed, it is unfair to tax it again. The difference is I don't hate rich people I salute their success.

3. Lowering corporate rates, America currently is the highest in the world. Lowering it will encourage job retention, jobs to return to America and job expansion. Which of those three are you opposed to?

4. Are you equally opposed to the Clinton's off shore accounts? Think of the boost the economy would get if trillions of offshore dollars came back to America. So you prefer them staying in a foreign bank account?

5. Obama taxed medical devices in Obama care, you lefties sure do love taxes.

6. If the republicans didn't know what they were voting for, then the democrats didn't know what they were voting against. Bottom line is a final bill will come out of the conference committee. Save your venom for that bill. 

HELLNOMARTA
HELLNOMARTA

Isakson has Parkinson's and it comes with delusions.He isn't competent. He has NO business in the senate. Perdue is a crook, like Dotard and he REALLY has no business in the senate. 


They both need to go. Replace them with people that represent their constituents and not donors. I hope they get their rears handed to them. Criminal low lifes in Congress. Georgia is a joke for supporting them.

Retired/Soldier
Retired/Soldier

@HELLNOMARTA Two points:

1. Perdue is a criminal? What crimes and what proof do you have? Have you reported these "crimes" to the police.

2. If they don't represent their constituents then how do they get elected, with at least 50 per cent plus one of the votes?

Bonus point: If I lived in Lewis's district I would feel he didn't represent my interests. Does that mean Lewis would be representing the "donors"?

Boscaverde
Boscaverde

WOO HOO!  Add to the deficit, and tax cuts for the wealthy.  Meanwhile the middle class tax cuts end after only a few years.  This is great!

Retired/Soldier
Retired/Soldier

@Boscaverde Please inform us how often you "complained" about deficits when Obama was president. Who signed the extension  the previous tax cuts that where temporary? 

TrueFan1.0
TrueFan1.0

One day in a far far future the democrats might just win again...........ha ha ..... who am i kidding..... they will never win

Retired/Soldier
Retired/Soldier

@Cats_Resist Why? Could it be you want government to make all your decisions for you including how YOUR money should be spent? 

Cats_Resist
Cats_Resist

@Retired/Soldier @Cats_Resist Because they're liars. The bill will increase the national debt by 1 to 1.5 trillion dollars. It'll hurt ordinary Georgians at least to same extent that it helps us. But it'll pad these two senators' pockets quite nicely. Shame on both of them.

Cats_Resist
Cats_Resist

@Retired/Soldier @Cats_Resist Under Obama, I complained about the Great Recession and advocated for fiscal and monetary stimuli to drive the economy out of it. Of course this would drive up the deficit. But it's basic economic management 101: you need to get out of recessions by spending, and  you need to pay down deficits when the economy is growing. The US economy is growing well. But here are our supposed fiscal conservatives, expanding the deficit by more than a trillion dollars in the middle of the night while the Fed is tightening interest rates to prevent the economy from overheating. Shame on them, and shame on you.

Retired/Soldier
Retired/Soldier

@Cats_Resist @Retired/Soldier Shame on me? My my, had no idea I carried that kind of weight. Let me summarize your post. Obama deficits, a trillion a year is good, republican deficit of a trillion in 10 years is bad. We got it.


BTW, I am opposed to increasing the debt and deficit also. My solution is in conjunction with the tax cut we reduce the size and scope of the federal government. We can start with eliminating the Dept's. of Education, Energy and Home Land Security. Will that make you happy with the deficit?   

Retired/Soldier
Retired/Soldier

@Cats_Resist @Retired/Soldier obtuse: annoyingly insensitive or slow to understand.


You think I am insensitive? Did I hurt your feelings?


or do you think I am slow to understand? I bring up alternative points of view and you predicable response is name calling.


Now who has a problem?

Cats_Resist
Cats_Resist

@Retired/Soldier @Cats_Resist You're being willfully obtuse because you're either incapable of grasping or are deliberately misrepresenting my argument, which didn't rely on a concept of "democratic deficits" or "republican deficits" but on basic economic principles. You haven't addressed those because you're an obtuse, nihilistic and/or unpatriotic troll.

NeboSuki1
NeboSuki1

Of course they will.  Both are MORONS!!!!

Retired/Soldier
Retired/Soldier

@Boscaverde @Retired/Soldier @NeboSuki1 Do you mean like you just did? When someone is called a criminal or a moron by the left it is supposed to go unchallenged? Have you given any thought that may be a contributing factor with the left and it's minority status? Just a thought King.

Retired/Soldier
Retired/Soldier

@Cats_Resist @Retired/Soldier @Boscaverde @NeboSuki1 Since I have a significant amount of experience with handling classified documents including TS/SBI level, I can assure you if I had done what HRC did I would have been locked up at Ft. Leavenworth.


No need to discuss pay to play, etc., etc. with the Clinton criminal cartel.

Cats_Resist
Cats_Resist

@Retired/Soldier @Cats_Resist @Boscaverde @NeboSuki1 Mike Flynn, is that you?


So to sum up: 


Because you're concerned about government corruption, you support Trump's republican party.


Because you're concerned about deficits, you support a Trump/republican party bill that will add 1-1.5 trillion to the national debt.


Because you're concerned about civil conversation, you endorse Trump's republican party.


You're a troll, and yes, shame on you.